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Messages - BigRig

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51
Choosing the Right Law School / Re: University of Florida Residency
« on: April 10, 2006, 12:57:20 PM »
While competitive spirit dissuades me from offering a hand to the opposition, for sake of the bond among future legal professionals I will supply my knowledge/experience with the issue  ;D

I, of course, have interacted with FSU. They also can offer no assurance but believe that the law will stay the same; meaning law students have little problem establishing residency so long as the complete necessary steps one year before the first day of their second year in law school. I am not sure of the exact steps (driver's license, voter's registration, statement to live/work in Florida, .....).

Gov. Bush abruptly vetoed the bill last year and will likely veto the new proposal this year according to FSU students/faculty/administration. There is no formal comment suggesting this but this was the consensus I gathered when visiting on their admit day. Also, in the case of FSU, alumni pooled funds together for last year's entering class who came to FSU under the pretense of establishing residency their second year to cover the difference.

To me, it sounds like UF (arguably, like a good lawyer) is just trying to cover their ass. I have never lived in Florida but will be attending FSU based upon the likelihood that the law will not change and that the law school might offer rescue if law changes after I've committed to attending under current state law.

52
I was admitted very quickly, received no sholarship or grant money. I just got my estimated financial award = $48,000 per year, of which only $8.500 is subsidized Stafford Loans.  I assure you I have very few assets and my adjusted gross was under $30,000 a year. I am not willing to go into that much debt to attend Villanova.

53
Incoming 1Ls / Re: Vehicles in law school
« on: April 07, 2006, 03:17:34 PM »
Lily,

One point: comparing houses as a necessity to cars as a necessity as aforementioned really isn't fair.  I agree with your point that just because something is a necessity doesn't mean it's not an investment (e.g. oil).  However, houses themselves aren't necessities, housing is a necessity (people can opt for apartments, condos, etc.).

Technically both cars and houses could be considered an investment.  The answer lies in supply/demand fundamentals and time horizon.  When the supply of any asset (both are assets by the way) outstrips demand, it will not appreciate in value (= bad investment). In the short run, this explains cars depreciation; in the long run, the supply/demand relationship could change and the car could become an investment (e.g. antique - when this happens of course varies). 

Regarding housing as an investment; it's obviously a different animal. If you are purchasing a house you are also most likely purchasing land, which is absolutely a scarce resource that will appreciate over time; one cannot say the same about cars.

Also, there actually are not that many at-risk housing markets.  Protracted, low long-term interest rates in combination with new financing schemes (exotic = adjustable rate mortgages) have disrupted supply/demand balances in several markets where demographics have been quite strong, housing scarce, etc. (most notably Las Vegas and San Francisco). Thus, a would-be homeowner or real estate investor is at risk (in the short to medium term) buying in these markets if he/she does not have the financial wherewithall to sustain the period where prices are likely to correct before rising once again.  To reiterate, in most markets this is not the case and one will continue to see moderate returns/appreciation year over year.

On the opposite side, in some markets new construction has outpaced household formations (e.g. Michigan), which will weigh on appreciation/house price growth as well in the short to medium term, which puts the buyer/investor at risk. In sum, however, real estate will be a very good investment for most anyone over the forecast horizon so long as they pay attention to supply/demand.

54
General Off-Topic Board / Re: Rate the avatar of the poster above you!
« on: April 07, 2006, 02:12:29 PM »
10, like the hair and serious look. I really hope that a UF student does not post after me.

55
General Off-Topic Board / Re: All Time Favorite Video Game...
« on: April 07, 2006, 02:09:28 PM »
Sky Kid, Mike Tyson's Punch Out

56
wow, those are blankent generalizations. have we all not learn such reasoning is flawed?

57
ajstyles,

As soon as I receive my aid/scholarship info from FSU I will be withdrawing, which will only help.  I work 20 minutes from the area and agree that it is beautiful and really liked the school. For me, however, I've realized I am not a fan of the NE and want to get back down to the South/SE. A tough decision but I gotta go with my gut.  Best of luck to you and everyone else going to Nova!

58
Choosing the Right Law School / Re: Blind Relocation
« on: April 07, 2006, 01:13:52 PM »
Travel is absolutely necessary, especially considering that you're most likely only going to find employment in the region.  You must be certain you like that region before attending, which should take precedent over actually finding a place, which of course you'll want to see in person before signing a lease. Good luck!

59
Choosing the Right Law School / Re: Villanova vs. Richmond
« on: April 06, 2006, 07:40:27 AM »
Good luck to you too Xaticca, it sounds like you've made an informed and solid decision.  Best of luck!

60
Acceptances, Denials, and Waitlists / Re: On Hold at Case
« on: April 05, 2006, 02:37:53 PM »
Autumn,

I am on hold and am withdrawing asap, so hopefully it helps to a degree. Strong letter stating why Case is your #1 is a very good idea. I would send a personal copy to Christopher Lucak (met him at NYC Law Fair and is only reason I applied to Case) - he's really cool and might even talk to you personally, if you so desire.

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