Housing Market Near You
Quote: billryanTaxes last forever. None of my family wanted my Aunts house when she died, as the taxes without her many discounts would have exceeded $23,000 a year and do nothing but go up.
Renting also makes it easier to close your estate when you pass. Nothing shows love of family like leaving a complicated estate for them to unwind.
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Unless one has a revocable living trust with a pour-over will. No probate just asset dispersal with no muss or fuss, generally.
tuttigym
Quote: billryanTaxes last forever. None of my family wanted my Aunts house when she died, as the taxes without her many discounts would have exceeded $23,000 a year and do nothing but go up.
Renting also makes it easier to close your estate when you pass. Nothing shows love of family like leaving a complicated estate for them to unwind.
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It’s the American way. Just kick the can down the road.
Quote: billryanTaxes last forever. None of my family wanted my Aunts house when she died, as the taxes without her many discounts would have exceeded $23,000 a year and do nothing but go up.
Renting also makes it easier to close your estate when you pass. Nothing shows love of family like leaving a complicated estate for them to unwind.
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You do realize you are paying taxes in your rent?
Quote: AZDuffmanQuote: billryanTaxes last forever. None of my family wanted my Aunts house when she died, as the taxes without her many discounts would have exceeded $23,000 a year and do nothing but go up.
Renting also makes it easier to close your estate when you pass. Nothing shows love of family like leaving a complicated estate for them to unwind.
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You do realize you are paying taxes in your rent?
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Really? Good to know. I guess that changes everything.
It’s funny hearing how people “made a huge profit” when they sold a house for three times what they paid twenty something years ago. First off, you’d have gotten a much better return from any investment, even a risk-free CD. Second, you probably LOST money if you deduct the hundreds of thousands of dollars you spent in property taxes, renovations etc. Best case scenario usually: you broke even
I actually think some Americans are better off renting because so many of them see a rise in home value as just another way to take on more debt, which is retarded: the goal is to pay down debt, not increase it
Quote: rxwineJust live in your car.
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I live in a fifth wheel and have no plans for anything else. I have an amish shed I'm using as an office and a storage container for what's left of my stock. My trailer is 38 feet and I might downsize it a bit. I don't want to spend 70K on a big pickup to haul it around if I go in that direction.
Quote: billryanQuote: rxwineJust live in your car.
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I live in a fifth wheel and have no plans for anything else. I have an amish shed I'm using as an office and a storage container for what's left of my stock. My trailer is 38 feet and I might downsize it a bit. I don't want to spend 70K on a big pickup to haul it around if I go in that direction.
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i think the future is 3d printed homes, but printed in basic polygon shapes that can fit together in multiple combinations, and assembled and disassembled and shipped across country on flatbed trucks that you can put on property using standardized plumbing and electrical bases Standardized wiring and plumbing will be put in during the printing.
Afterall, a rectangular living room of a 5-million-dollar house can have the same basic frame as a 250k house, just better exterior and interior external bits (and larger and more rooms) And if you want a octagon room with a 30 ft walls and domed ceilings you can order it.
Plug n play houses' No reason to sell or buy, just ship the modules for as long as they last.
Don't tell Elon, he's always stealing my ideas.
Quote: Ace2I definitely prefer owning a home. However, your home is a place to live, not an investment
It’s funny hearing how people “made a huge profit” when they sold a house for three times what they paid twenty something years ago. First off, you’d have gotten a much better return from any investment, even a risk-free CD. Second, you probably LOST money if you deduct the hundreds of thousands of dollars you spent in property taxes, renovations etc. Best case scenario usually: you broke even
That depends. Rush Limbaugh's estate just sold for $150 million or so. He bought it for $3 million or so in the early 1990s. No "risk free CD" comes close to that. Of course, it is in one of the highest markets in the USA. But even in average metro markets you are several times your investment over that time.
The "better return" thing is flawed. Lets say you are an average person who bought a house 30 years ago in 1993, the median then was around $130,000. Today the median is almost $430,000. Lets round down to $400,000.
But you did not invest the whole $130,000! You probably put down $30,000ish.
So one guy puts down $30,000 then makes the payments. Another guy puts the $30,000 into an S&P 500 index fund. He has about the same $400,000!
EXCEPT--his rent keeps going up! He could not itemize his income tax pre-2018. He does not get the credit rating bump and all other positives of the equity. OTOH, he has no maintenance issues. OTOOH, many people like keeping up their places, so I give that a wash.
You get capita gain tax breaks of all sorts on the home, none on the index fund.
It is not a "better return" renting and investing.
Quote: rxwineQuote: billryanQuote: rxwineJust live in your car.
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I live in a fifth wheel and have no plans for anything else. I have an amish shed I'm using as an office and a storage container for what's left of my stock. My trailer is 38 feet and I might downsize it a bit. I don't want to spend 70K on a big pickup to haul it around if I go in that direction.
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i think the future is 3d printed homes, but printed in basic polygon shapes that can fit together in multiple combinations, and assembled and disassembled and shipped across country on flatbed trucks that you can put on property using standardized plumbing and electrical bases Standardized wiring and plumbing will be put in during the printing.
Afterall, a rectangular living room of a 5-million-dollar house can have the same basic frame as a 250k house, just better exterior and interior external bits (and larger and more rooms) And if you want a octagon room with a 30 ft walls and domed ceilings you can order it.
Plug n play houses' No reason to sell or buy, just ship the modules for as long as they last.
Don't tell Elon, he's always stealing my ideas.
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Is this Lustron revisited?
(The transport costs will be ridiculous, and damage in transit will be a problem if replacement modules cannot be obtained.)
