Well you are most welcome.
I listen and forget why I'm doing what. But I don't have employees. But I juggle back and forth between being officially employed and a self employed consultant depending on the progress of different projects.
No it doesn't. It's the price adjusted for inflation using 1900 as the baseline. IOW if you bought a house in 1955 when it was worth ~117% of 1900s value and sold it in 2013 you would get back 117% of 1900s value. That also doesn't consider all of the maintenance and tax costs associated with a home.
The way to make money is to sell during a bubble but overall its just a volatile market. An investment that ac ulates value relative to inflation will have a positive slope.
Last edited by FuzzyLumpkins; 07-29-2016 at 03:06 PM.
We used to be a corp but moved to an LLC for liability/taxes. I own 30% so that's my share. The thing is, we used to have some years where we would make a lot of money, and some years pretty dry. That's fortunately changing now, but from the standpoint of the bank, they just didn't appreciate 2-3 years of tax returns and K-1s that were swinging so much, so it was difficult, tbh... plus up until recently that they changed the rules as I mentioned above, they wouldn't count my wife's income.
So we've been saving instead, and frankly, with cash in hand, you can also save some fees/commissions and might work better at the end of the day anyways.
I'm not going to argue with stupid. Besides, your deal living with Mommy is definitely your cheapest option.
I own the house I live in but thanks for playing. Youre too stupid to make an argument. A percentage of the baseline is a percentage of a baseline. Fees and taxes are fees and taxes.
Go have a cheeseburger and stalk a playground, pedofattie.
I wont argue that paying cash for your house gives you a huge security level if things turn south. Glad you guys are hitting more good years lately. Keep looking for a good regional bank or credit union that will treat you right. It makes life better. The National banks suck. They have their loan officer in straight jackets. Let them make some money on you with interest and once they know you are good for it it's pretty cool to have a biz opportunity come up and just call your guy and ask him to drop a couple hundred grand in your account and go by the next day to sign the paperwork.
Sure you do.
All that posturing and youre still wrong. It's hilarious that you cannot understand a simple chart, pedofattie.Sure you do.
Your mom is calling you to clean your room loser. I can understand that based on the chart since WWII if you bought a house it beat inflation. My personal experience is it's beat the out of inflation. Hopefully your parents can still write your stupid ass off.
You said that the chart proved your point. It didn't, pedofattie.
Your personal anecdote is unverifiable and irrelevant. That you would use it as basis to recommend residential real estate as an investment just demonstrates your incompetence.
Fuzzy's chart proves that no one has ever made money buying/selling residential real estate. It's just not possible.
yeah fuzzy just being stupid again. He like to pretend he is grown up in here but his posts give him away.
its losers like Fuzzy living with mommy that are keeping the home ownership numbers down.
Bet Mommy even makes his bed.
I never said you couldn't but if you are looking into just buy a house in sit on it in the hopes that it will appreciate then your just as likely to lose as you are to win all things being equal. It's not like he was explaining how to find a niche in the market.
Either way that chart didn't support what he was saying.
You've been reduced to mom jokes and won't even discuss the actual issue. Such bravery, pedofattie.
Yeah the chart, as you pointed out, shows that if you bought a house in 1955 and sat on it for 58 years and then sold it at the bottom of the largest housing crash in US history then you really didn't make any money. It's a great point!
AGain if you sold in a bubble you could make money. There have been 3 bubbles in the past 100 years and the last one was driven by wholesale fraud. Quit being obtuse, yoni.
yawn
scared little loser
your mom still wants you to clean your room.
I don't care whether it's anecdotal or not, but unless you are buying at the top of a real estate bubble or buying into an area that is extremely overpriced, imo, home ownership is superior to renting. You get a (interest) tax break, write off of property tax, appreciation and you gotta live somewhere anyways. You don't get any of the first 3 with renting - you're paying the landlord's expenses + profit. This is especially true now when interest rates are low.
I'll add that rental investment adds diversification to your mix of assets, makes use of leverage (only 20% downpayment, tenants pay expenses, after 30 years, full ownership of property) and is very stable income as people have to live somewhere.
Another thing - you get to claim depreciation for 27.5 years and if you pass the real estate on to your heirs, that depreciation "disappears" (they don't have to pay taxes on it).
Your the one being obtuse with your stupid national chart. When you buy a house you aren't buying the entire US housing market so it goes without saying that if you overpay for a home in a declining neighborhood and/or sell at the worst time in history you might lose money. Your the only one in this thread that needs it to be pointed out that specific home you buy and the price you pay for it and the neighborhood you buy it in and the market you buy/sell in affect whether or not you make money.
Check out this chart Fuzzy...
Do you look at this chart and think that if you bought ANY individual stock in 1955 that you would have made money selling it 50 years later?
Given the logarithmic scale on the y-axis: s yeah.Your the one being obtuse with your stupid national chart. When you buy a house you aren't buying the entire US housing market so it goes without saying that if you overpay for a home in a declining neighborhood and/or sell at the worst time in history you might lose money. Your the only one in this thread that needs it to be pointed out that specific home you buy and the price you pay for it and the neighborhood you buy it in and the market you buy/sell in affect whether or not you make money.
Check out this chart Fuzzy...
Do you look at this chart and think that if you bought ANY individual stock in 1955 that you would have made money selling it 50 years later?
Even if that said what you wanted it to say, what part of he wasn't describing how to find a niche was difficult to understand? Generally speaking residential real estate is not a good investment relative to other opportunities particularly when you consider all of the taxes, maintenance, and other fees.
Notice the nice positive slope as opposed to the housing market?
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