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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 6:30 pm to weagle1999
Posted on 9/23/25 at 6:30 pm to weagle1999
quote:
Have you ever compared those transactions to stock investments during the same time periods?
WTF dude? Are you an investment broker trying to sell us an IRA? If you have ever lost money (or at least getting your money back), you are doing something wrong.
0
Posted on 9/23/25 at 6:35 pm to Jimmyboy
quote:
these basic services
One could drill a well?
Posted on 9/23/25 at 6:37 pm to weagle1999
Does your county/parish have nice things? Things like libraries, schools, fire dept, police force, playgrounds, parks, etc?
All of that comes from property taxes.
Granted, I wish I could opt out of some. I never use the public library, kids are out of school and a few other things.
I do like fire dept, police, the dog park down the road and snow removal.
All of that comes from property taxes.
Granted, I wish I could opt out of some. I never use the public library, kids are out of school and a few other things.
I do like fire dept, police, the dog park down the road and snow removal.
Posted on 9/23/25 at 6:41 pm to weagle1999
quote:
Had you invested the $160k in an average mutual fund in 2013 your profit would have been significantly higher
Dunno my guy.
Paid $420 for a house, I own in Utah, back in 2018. Been renting it for about $2K profit over mortgage & insurance for about a year. Have a buyer on the hook at $975.
Would typical investment have brought me that? I mean sure, but that is Pelosi lucky.
Posted on 9/23/25 at 6:50 pm to weagle1999
Food, water, shelter.
Shelter is one of the basic necessities of life. What kind of structure are you living in that you're neither renting nor paying a mortgage? Those are the two options 99.9% of home dwellers have. You don't sell the lease on your apartment when you're done and get any money back.
If you're paying rent, you're paying the mortgage on the property you're staying in. And historically, real estate has appreciated in price but your mortgage stays the same.
The concept of property tax can be debated, but if you're renting, you're paying that as well.
Shelter is one of the basic necessities of life. What kind of structure are you living in that you're neither renting nor paying a mortgage? Those are the two options 99.9% of home dwellers have. You don't sell the lease on your apartment when you're done and get any money back.
If you're paying rent, you're paying the mortgage on the property you're staying in. And historically, real estate has appreciated in price but your mortgage stays the same.
The concept of property tax can be debated, but if you're renting, you're paying that as well.
Posted on 9/23/25 at 6:53 pm to weagle1999
quote:
Are there any other investments that you can never really own?
You pay taxes on the dividends of every investment
You pay taxes on basically everything. You’re taxed on the money you make and the money you spend. You pay taxes on the property you own and the money you grow from the money you already have.
If you think taxes disqualifies actual ownership then ownership barely exists
This post was edited on 9/23/25 at 6:57 pm
Posted on 9/23/25 at 6:55 pm to weagle1999
quote:
Are there any other investments that you can never really own?
Everything except BTC in your own personal bank. They can take everything and they have at one point or another except BTC.
Posted on 9/23/25 at 7:05 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.
The rate of return yearly since 1934, when FHA started offering a 30 year fixed mortgage rate, is 3.1%.
All markets swing, but over time it’s a pretty safe investment.
This post was edited on 9/23/25 at 7:34 pm
Posted on 9/23/25 at 7:05 pm to Tigahs24Seven
I feel sorry for those who see a house as an investment. The numbers prove a real poor return, especially over time.
Posted on 9/23/25 at 7:09 pm to Revelator
quote:
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?
I'd need more details. But it's still dumb luck.
Posted on 9/23/25 at 7:19 pm to weagle1999
Homeowners have 40x the net worth of renters.
Posted on 9/23/25 at 7:29 pm to weagle1999
Yeah, one of the home sells was a little bit above our average return, the other was lower.
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