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re: US homeowners hit the jackpot. Median homes up 53% from Jan 2020 to Aug 2023
Posted on 9/30/23 at 5:51 pm to Big Scrub TX
Posted on 9/30/23 at 5:51 pm to Big Scrub TX
Hey chief ,,,,,,53 % is the number quoted by the guy that started this thread!!!
Itemize what???not the insurance. The property taxes? with the current federal income tax program, I would need to lose a lot more bucks to qualify as a deduction.
Liquidity right now is far more important than a larger asset. And if you want to take out a mortgage at todays rates to pay insurance and taxes, go ahead and do it.
Itemize what???not the insurance. The property taxes? with the current federal income tax program, I would need to lose a lot more bucks to qualify as a deduction.
Liquidity right now is far more important than a larger asset. And if you want to take out a mortgage at todays rates to pay insurance and taxes, go ahead and do it.
1
Posted on 9/30/23 at 6:47 pm to Trevaylin
quote:Yes, that's HPA - not tax assessments. As I stated, tax assessments usually lag AND stay below max home values.
Hey chief ,,,,,,53 % is the number quoted by the guy that started this thread!!!
quote:Yes, the property taxes.
Itemize what???not the insurance. The property taxes? with the current federal income tax program, I would need to lose a lot more bucks to qualify as a deduction.
quote:You've missed the point. Let's say you had a $300K house that went to $450K. If the markets fall apart or you get shown the deal of a lifetime or whatever, you can borrow on a HELOC to invest in that. etc.
Liquidity right now is far more important than a larger asset. And if you want to take out a mortgage at todays rates to pay insurance and taxes, go ahead and do it.
I love this thread though - house prices up a lot, people still mad at politicians. Houses go down slightly - people still mad at politicians.
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