BakerMayfield2018
Fight the power.
My supposed home value according to those online sites has risen 70 k in last 6 years.
UPS to freeze pension plans for nonunion staffers
- Thread starter cheryl
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We know!
Brownslave688
You want a toe? I can get you a toe.
Oh he should still put a few percent away.
I was just agreeing we are due.
Brownslave688
You want a toe? I can get you a toe.
I don't doubt the value had risen a lot but depending on the area they can be wildly off.
I'm trying to get him started
That's what I do
DriveInDriveOut
Inordinately Right
Home values in my area are growing consistently around 7% a year.
Makes no difference to me. God willing I'll die in this house. I'll most likely never move.
Catatonic
Nine Lives
A house has not been a good investment in 20 years or more.
It's a life style choice.
Brownslave688
You want a toe? I can get you a toe.
Then why be in a hurry to pay it off? If you're not going to sell or use the equity the money would be much better spent elsewhere.
BakerMayfield2018
Fight the power.
Disagree. Did you not see my post.
DriveInDriveOut
Inordinately Right
Because I want the man off my back.
Different people have different ideas about what financial security is, I get that. For me, being debt free is step one of my retirement plan. 401k does me no good if I lose my income.
BakerMayfield2018
Fight the power.
Some of wealthiest people I know made all there money on real estate
Brownslave688
You want a toe? I can get you a toe.
The man will never be off your back. You still pay taxes and insurance.
A mortgage is only one small cost of owning a home.
Brownslave688
You want a toe? I can get you a toe.
Good news from the contractor today. I might make 100k on this house in under 5 years.
DriveInDriveOut
Inordinately Right
$5k a year in property taxes here, believe me, I know.
Can't do anything about that, I can do something about the interest on the loan though.
BakerMayfield2018
Fight the power.
Congrats.
MAKAVELI
Well-Known Member
Estate taxes.
Brownslave688
You want a toe? I can get you a toe.
The intrest is lower than what your return on an investment would be plus it's a tax write off. So it's a net loss as far as net worth goes.
DriveInDriveOut
Inordinately Right
Would you pull your money out when the market is in the dumps?
Then why would I start putting my money in the market when it is artificially high and due for a correction?
MAKAVELI
Well-Known Member
That depends where you live. Out here in Cali people have made a killing before and after the housing crisis.
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