The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chomolungma who wrote (501)	8/29/2001 3:01:10 PM
From: Tradelite	Read Replies (2) of 306849

<<Nice try. With each passing year, your investment also increases because you are putting more dollars into your house via principal payments. These are dollars that could be invested elsewhere and achieving real returns on the money. >> This does not compute. My principle payments are a fraction of what I'd be paying to rent a place one-third or one-fourth the size of what I have. What "opportunity" have I lost by owning? The only opportunity I've lost is the opportunity to be a slave to my landlord's rent increases, and to pay tax to Uncle Sam not only on my increasing income, but on any gains I would have achieved by investing my down payment in some other financial instrument--except bonds, and those don't return all that much, as I'm sure you know. The house has appreciated better than bonds during that time--plus Uncle Sam has subsidized my payments during that time, while the home has done absolutely nothing to require me to pay one cent to Uncle Sam. When I think of what I could have done better with my original down payment of $25,000 and my payments of $1,700 a month-----well, thanks anyway, but I'll take the house and the mortgage instead. <gg>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next