Home ownership is at 5 year low

[xXx]

In my opinion, I buy an awesome but simple house to raise a family. If I want to make cash? I find the hottest agent I can bang and get into flipping.

[rmt]

Given the logarithmic scale on the y-axis: s yeah.

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.

The conversation was not in comparison to other opportunities - it was buying vs renting. You have to live somewhere and pay for that privilege (unless you're living rent-free with your parents) and under those conditions, home ownership is better than renting. And with the advent of airbnb, renting out space/bedroom can be an extra source of income. My dd and her friend are renting a bedroom/bath for around $2k per month while they intern - granted it's a high rental area but that was the cheapest I found booking more than 6 months out. When you rent, all those taxes, maintenance and other fees are paid by the tenant.

[pgardn]

Given the logarithmic scale on the y-axis: s yeah.

.

That has nothing whatsoever to do with his argument.

And Why do you think they made the vertical axis logarithmic?

[Harry Callahan]

Buying seems to work over renting generally for the personal home. I could put $150K in my pocket tomorrow and be debt free for a day, but you have to live somewhere - a comparable house you have to pay a premium right now in the DFW. I'm glad I like my house.

The ideal scenario would be an empty nester who hates being around their kids (or kids hate being around them). They can downsize their home and put a bunch of long term cash in their pocket. I have a sibling and an in-law in the process of doing just that type of thing. It's going to be a good financial move for them.

The scary thing can be buying rental homes if you pick the wrong area - some friends of mine got burned buying in a crappy Ft Worth neighborhood. They ending up getting wiped out financially back in 08/09.

A lot of people, on the other hand, can really kick butt with a diversified batch of rental homes. I never had that particular inclination. Too much other stuff to do.

[Harry Callahan]

Regarding the stocks scenario, I utilize mutual funds to diversify - it smooths things out for me at least.

[CosmicCowboy]

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?

Fuzzy is too stupid to understand what you were asking. Just like real estate is all about location, making money in the stock market is about buying the right stock. Only about 12% of the companies in the 1950 fortune 500 are still in the 2016 Fortune 500 and many of them are bankrupt.

[Harry Callahan]

Fuzzy is too stupid to understand what you were asking. Just like real estate is all about location, making money in the stock market is about buying the right stock. Only about 12% of the companies in the 1950 fortune 500 are still in the 2016 Fortune 500 and many of them are bankrupt.

This is absolutely correct. You have to be locked/focused in to picking individual stocks successfully.

Corporations can have very short life spans due to acquisition or failure. Now days especially.

[tlongII]

I bought my house in 97 for $145K. It's now worth $300K and will be paid off in a couple of months. I call that a good deal.

[Blake]

I bought my house in 97 for $145K. It's now worth $300K and will be paid off in a couple of months. I call that a good deal.

How much did you pay in interest. How much in upkeep have you spent in that time.

[xXx]

How much did you pay in interest. How much in upkeep have you spent in that time.

Don't be a detailed ass hole. Like me. Lol.

Bottom line, the old cooter chaser has a paid off 300k pad in the northwest and a solid job with Nike and Asian poontang at the ready....I should be so lucky.

[xXx]

I bought my house in 97 for $145K. It's now worth $300K and will be paid off in a couple of months. I call that a good deal.

Well done Mr. Long

[FuzzyLumpkins]

That has nothing whatsoever to do with his argument.

And Why do you think they made the vertical axis logarithmic?

Actually yeah it does because of you have the capacity to view linear then the slope becomes much more positive. The stock market is a much easier location to find investments plus it doesn't have near the holding costs.

Plus its not really logarithmic so much as its grouped by era. There has been a ton of growth in stock prices since IRA's compared to before.

[FuzzyLumpkins]

I bought my house in 97 for $145K. It's now worth $300K and will be paid off in a couple of months. I call that a good deal.

From the standpoint of you have to pay rent anyway sure but the past 20 years have seen a ulative inflation of about 50% and I guarantee you you have paid more than $80k in interest, maintenance and tax. Is that what your house appraises for btw?

[FuzzyLumpkins]

Fuzzy is too stupid to understand what you were asking. Just like real estate is all about location, making money in the stock market is about buying the right stock. Only about 12% of the companies in the 1950 fortune 500 are still in the 2016 Fortune 500 and many of them are bankrupt.

I know exactly what you are saying and I can find reams of economists and investors that say exactly what I am saying off a simple google search because it's a common opinion. You can also find people claiming what you claim but not nearly so much since the 2008 crash.

You still cannot address the transaction and holding costs inherent in real estate speculation and are doing your typical posturing without articulation. Fat and lazy is as fat and lazy does, pedobear.

[FuzzyLumpkins]

I understand the notion of aggregate.

Would you be more likely to make money off a random stock or a random home purchased in 1955?

[CosmicCowboy]

Fuzzy, we understand your frustration living with your mother.

Trying to on those of us that own nice homes however as 'bad investments" is just you trying to rationalize being a loser.

I know my home would rent for about $3000 a month and my note is $1600. I'm in the top income bracket so I write off almost 40% of the interest and taxes from that $1600 making my actual out of pocket about $1000 to live in a kick ass house on 2 acres in a great neighborhood with good schools.

[FuzzyLumpkins]

Fuzzy, we understand your frustration living with your mother.

Trying to on those of us that own nice homes however as 'bad investments" is just you trying to rationalize being a loser.

I know my home would rent for about $3000 a month and my note is $1600. I'm in the top income bracket so I write off almost 40% of the interest and taxes from that $1600 making my actual out of pocket about $1000 to live in a kick ass house on 2 acres in a great neighborhood with good schools.

Again, I don't live with my parents and own my home. My parents are dead.

I've already said from the standpoint of "I'm going to live it in anyway" that homeownership makes a ton of sense. I'm talking about real estate speculation, dimwit. I've been very clear about that and youre either intentionally obtuse or just plain stupid. I'm going with the latter, pedofattie.

[pgardn]

Actually yeah it does because of you have the capacity to view linear then the slope becomes much more positive. The stock market is a much easier location to find investments plus it doesn't have near the holding costs.

Plus its not really logarithmic so much as its grouped by era. There has been a ton of growth in stock prices since IRA's compared to before.

Its logarithmic to fit the page vertically given the time period used.

His key point was looking at this as an individual purchase. He basically stated this and it's a valid point for an individual buying a home. There are a lot of variables. This is how I interpreted snake post.

[FuzzyLumpkins]

Its logarithmic to fit the page vertically given the time period used.

His key point was looking at this as an individual purchase. He basically stated this and it's a valid point for an individual buying a home. There are a lot of variables. This is how I interpreted snake post.

It's not logarithmic; I was mistaken on the first look. It's divided by epochs; the notion that you couldn't use a consistent linear scale and fit it on the page is ignorant. All of this is also besides the point as you take your pedantry to new levels.

Oh and Trump has ads on politico. I guess that makes them conservative now.

[pgardn]

It's not logarithmic; I was mistaken on the first look. It's divided by epochs; the notion that you couldn't use a consistent linear scale and fit it on the page is ignorant. All of this is also besides the point as you take your pedantry to new levels.

Oh and Trump has ads on politico. I guess that makes them conservative now.

Wow. You do hold on to things.

Nope. Not with the time scale given on the X axis. And there is no real way to tell if it is properly logarithmic as screen size and the way an image is cut can change scales. But it appears to be. Did you measure your screen with a ruler and determine this? No way you see this well on a phone or iPad. And since you like the past...

[FuzzyLumpkins]

Wow. You do hold on to things.

Nope. Not with the time scale given on the X axis. And there is no real way to tell if it is properly logarithmic as screen size and the way an image is cut can change scales. But it appears to be. Did you measure your screen with a ruler and determine this? No way you see this well on a phone or iPad. And since you like the past...

I just saw a Trump ad and it reminded me. Get over yourself.

I didn't need to and youre pretty ignorant. Log means that it will either increase or decrease exponentially depending on the log. The fact that it does both as it goes from age to age indicates clearly that is not the case. I don't need a ruler for that.

[pgardn]

New image coming

Still have yet to see a Republican ad. Even during their convention. They obviously have me pegged as a ranting liberal and you are uniquely in the middle of the road. Now on WSJ... Well that's a different story. But there is no correlation between ads on a site and the profiles of people who visit those sites. I often see guns scales advertised on vegan sites.

[pgardn]

I just saw a Trump ad and it reminded me. Get over yourself.

I didn't need to and youre pretty ignorant. Log means that it will either increase or decrease exponentially depending on the log. The fact that it does both as it goes from age to age indicates clearly that is not the case. I don't need a ruler for that.

That would be a log v. log graph smart guy. One axis appears linear the other exponential. Both types can be useful.
So now you get over yourself. You continue to step in it.

Show me the Trump ad on Politico, this would be interesting.

[FuzzyLumpkins]

That would be a log v. log graph smart guy. One axis appears linear the other exponential. Both types can be useful.
So now you get over yourself. You continue to step in it.

Show me the Trump ad on Politico, this would be interesting.

No dimwit my statement was only about the y axis.

[pgardn]

I just saw a Trump ad and it reminded me. Get over yourself.

I didn't need to and youre pretty ignorant. Log means that it will either increase or decrease exponentially depending on the log. The fact that it does both as it goes from age to age indicates clearly that is not the case. I don't need a ruler for that.

Yes you do need some measuring device. And I bet it won't come out perfect as screen sizes have different resolutions. But this escapes you. You Have no clue how to present or crtique data properly.

Show me your shot of a Trump or any Republican ad on Politico. I am truly interested.