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How can a house be ‘your biggest investment’ when you can never really own it?
Posted on 9/23/25 at 3:52 pm
Posted on 9/23/25 at 3:52 pm
The government owns your house, and annual property taxes are the rent that you pay.
These payments are not optional if you want to continue staying in your house.
Are there any other investments that you can never really own?
These payments are not optional if you want to continue staying in your house.
Are there any other investments that you can never really own?
20
Posted on 9/23/25 at 3:53 pm to weagle1999
quote:
Are there any other investments that you can never really own?
whores
Posted on 9/23/25 at 3:54 pm to weagle1999
Are you positive the bank could never take your money that's there?
Loading Twitter/X Embed...
If tweet fails to load, click here.This post was edited on 9/23/25 at 4:08 pm
Posted on 9/23/25 at 4:02 pm to weagle1999
It's not an investment it's a liabilty...it costs you money as long as you own it.
Posted on 9/23/25 at 4:04 pm to weagle1999
I’m about as anti-tax as it comes but this is a stupid argument.
I pay taxes on all kind of shite that I own.
I pay taxes on all kind of shite that I own.
Posted on 9/23/25 at 4:04 pm to Tigahs24Seven
Anyone looking at their home as an investment is relying on dumb luck that the real estate in their local area will appreciate at a ridiculous pace.
Posted on 9/23/25 at 4:05 pm to weagle1999
You can't even get paid for your labor without the government taking some of that.
You don't even own yourself.
You don't even own yourself.
Posted on 9/23/25 at 4:06 pm to Antonio Moss
quote:
I pay taxes on all kind of shite that I own.
You can own a vehicle and not pay annual property taxes on it. Of course, you could only use it off road but the government wouldn’t take it from you.
Same with a boat.
But a house? Not optional.
Posted on 9/23/25 at 4:11 pm to weagle1999
If you plan on going anywhere in that car or boat, you will need some gas that the government can tax the hell out of
Posted on 9/23/25 at 4:15 pm to Tigahs24Seven
quote:
It's not an investment it's a liabilty...it costs you money as long as you own it.
IMO this.
Outside of certain limited circumstances like renting out a garage apartment etc. your house won't generate income for you, and once again outside of limited circumstances you can't sell it for profit without spending similar money on a replacement.
Posted on 9/23/25 at 4:17 pm to tigerskin
It's one of reasons the second amendment is so important.
Posted on 9/23/25 at 4:18 pm to weagle1999
no the land your house sits on is owned by the county in which it resides you own the house.
and that's every county in the US by the way they can take from you on a whim called eminent domain. that's why i never thought it was a good idea for bill gates and the chinamen to invest in raw land. my property taxes are reasonable about $3,600 per year for that i get bridges, roads, and other infrastructure. how do you think that stuff should be paid for?
and that's every county in the US by the way they can take from you on a whim called eminent domain. that's why i never thought it was a good idea for bill gates and the chinamen to invest in raw land. my property taxes are reasonable about $3,600 per year for that i get bridges, roads, and other infrastructure. how do you think that stuff should be paid for?
Posted on 9/23/25 at 4:19 pm to weagle1999
I look at it this way,
I have the house, and the taxes I pay are for the infrastructure that allows me access and usage of the house.
I have the house, and the taxes I pay are for the infrastructure that allows me access and usage of the house.
Posted on 9/23/25 at 4:21 pm to weagle1999
Agreed. You can pay off a mortgage all you want, and you can self-insure if you want to be a bit risky, but nothing stops taxes.
Posted on 9/23/25 at 4:21 pm to weagle1999
quote:
The government owns your house, and annual property taxes are the rent that you pay.
My grandfather built his house in 1971, the year he turned 65 the assessor, who he was friends with, assessed his house at $74,500. He lived another 30 years in that house, with the 75K homestead exemption, paid no property tax.
Posted on 9/23/25 at 4:22 pm to weagle1999
I own my income … and I pay taxes on it every check.
Posted on 9/23/25 at 4:24 pm to Tigahs24Seven
quote:
It's not an investment it's a liabilty...it costs you money as long as you own it.
My nephew in North Carolina bought a house when he got married in 2013, short sale, paid 160k.
Sold same house in July for 675k.
My thoughts are that his definition of investments and liabilities differs from yours.
Posted on 9/23/25 at 4:24 pm to weagle1999
Guess you’ve never heard of home equity. 
Posted on 9/23/25 at 4:27 pm to weagle1999
I don't own Amazon either, but I can get a ROI.
Posted on 9/23/25 at 4:32 pm to jrodLSUke
quote:
I don't own Amazon either
If you own a share you own a piece of Amazon.
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