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Started By
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re: How can a house be ‘your biggest investment’ when you can never really own it?
Posted on 9/23/25 at 4:33 pm to Huey Lewis
Posted on 9/23/25 at 4:33 pm to Huey Lewis
quote:
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.
Every house I’ve bought and later sold generated substantial gains.
1
Posted on 9/23/25 at 4:36 pm to cyarrr
quote:
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.
Had you invested the $160k in an average mutual fund in 2013 your profit would have been significantly higher. (Simplifying by considering capitals gains and property taxes / upkeep as a wash)
This post was edited on 9/23/25 at 4:37 pm
Posted on 9/23/25 at 4:37 pm to tigerskin
would that cause total chaos? ppl can’t get their money?
Posted on 9/23/25 at 4:37 pm to Antonio Moss
quote:
Every house I’ve bought and later sold generated substantial gains.
Have you ever compared those transactions to stock investments during the same time periods?
This post was edited on 9/23/25 at 4:38 pm
Posted on 9/23/25 at 4:39 pm to weagle1999
quote:
Are there any other investments that you can never really own?
Basically everything. If you owe taxes, the government will take your stuff and possibly imprison you.
That's why I never got the "you never own your home because of property taxes" argument. They can take your home if you don't pay income taxes.
Now, it's rare, and they will try to work with you, but it is an action they can take.
Posted on 9/23/25 at 4:41 pm to tigerskin
quote:
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
Red diesel
Posted on 9/23/25 at 4:43 pm to tigerskin
quote:
Are you positive the bank could never take your money that's there?
No
But last time i checked Vietnam is a communist country so that isnt surprising.
Posted on 9/23/25 at 4:51 pm to weagle1999
quote:He didn't have $160 thousand dollars. He had a down payment and mortgage.
Had you invested the $160k in an average mutual fund in 2013 your profit would have been significantly higher.
Posted on 9/23/25 at 4:55 pm to Powerman
quote:
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.
I just recently sold my house that I lived in for 7 years and made over $100,000 profit. Is that not a good investment return?
This post was edited on 9/23/25 at 4:57 pm
Posted on 9/23/25 at 5:09 pm to Revelator
quote:
Is that not a good investment return?
No way to know without more info
Posted on 9/23/25 at 5:12 pm to weagle1999
quote:You're assuming that the individual had the 160K in the first place which is unlikely. Even if he did, he had to live somewhere. You're leaving that part out. I would imagine that renting a comparable house would have been more than the mortgage payment (that has been my experience). Mortgage payment on 160K at 6% is around 1300 a month. Had he paid an average 1400 per month rent, he would have have paid 17K per year rent.
Had you invested the $160k in an average mutual fund in 2013 your profit would have been significantly higher.
The average Dow Jones return from 2013 to 2025 is 11.3% a year. 11.3% of 160K is 18080, but his rent was 17000. Deducting the rent from his profit each year, 160K in 2013 would only be 185K today.
Posted on 9/23/25 at 5:16 pm to Tigahs24Seven
quote:
It's not an investment it's a liabilty...it costs you money as long as you own it.
This 100%
Posted on 9/23/25 at 5:32 pm to weagle1999
quote:I mean, if you own stocks, to the extent they are a profitable holding, in order to sell them and keep the proceeds you have to pay capital gains tax.
Are there any other investments that you can never really own?
Posted on 9/23/25 at 5:35 pm to weagle1999
quote:
Are there any other investments that you can never really own?
Any stock if the standard is things that can be taken from you due to forces outside your control.
If you expand that to anything that could change the nature of your assets value or your ownership, now we have to include every act of thugs and God.
Posted on 9/23/25 at 5:38 pm to weagle1999
Look the property tax you pay goes to the garbage pickup and sewer lines and water connections. You love those services don’t you? Or are you willing to live with out? I call bs
Posted on 9/23/25 at 5:57 pm to LSUSkip
Well when we were in Texas I paid over $5k a year on a $300k home and over half went to the fricking schools. That's hardly infrastructure that allowed me access and usage of the house.
This post was edited on 9/23/25 at 5:58 pm
Posted on 9/23/25 at 6:22 pm to Jimmyboy
quote:
goes to the garbage pickup and sewer lines and water connections
I pay for that each month on a separate bill
Posted on 9/23/25 at 6:22 pm to tigerskin
What do you think is going to happen here when China takes over?
Posted on 9/23/25 at 6:26 pm to weagle1999
quote:Not really true
annual property taxes are the rent that you pay.
These payments are not optional if you want to continue staying in your house.
Posted on 9/23/25 at 6:28 pm to weagle1999
Just imagine how hard life would be if these basic services weren’t available. Then you’ll see it’s much easier to just pay
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