foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend)

[Rich Toscano]

“Not one of them ever regrets paying the home off.”

Ask again in ten years… my guess is that by that time, they will see that they could have “paid off” a huge chunk of the loan via currency debasement, rather than by saving and sacrificing as they did.

Rich

[scaredyclassic]

And why is a house security. It is better to have 300k in cash than a 300k house. A house is not security. A tax liability a maintenance liability stuck in one place notnecessarily your next job. Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate

[scaredyclassic]

And why is a house security. It is better to have 300k in cash than a 300k house. A house is not security. A tax liability a maintenance liability stuck in one place notnecessarily your next job. Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate

[scaredyclassic]

And why is a house security. It is better to have 300k in cash than a 300k house. A house is not security. A tax liability a maintenance liability stuck in one place notnecessarily your next job. Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate

[scaredyclassic]

And why is a house security. It is better to have 300k in cash than a 300k house. A house is not security. A tax liability a maintenance liability stuck in one place notnecessarily your next job. Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate

[scaredyclassic]

And why is a house security. It is better to have 300k in cash than a 300k house. A house is not security. A tax liability a maintenance liability stuck in one place notnecessarily your next job. Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate

[jpinpb]

[quote=scaredycat]Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate[/quote]

Not everyone liquidates. I have a girlfriend who has inherited her dad’s houses. It was left to her and her sister. She’s taking a little loan on it to buy her sister out who is married w/her own house.

That could be why some sell. They have houses of their own already and end up selling so as to get money for the house they have.

Anyway, my friend was a renter. She did not want to sell to buy a new place. Her dad’s place was purchased long ago and paid off under very low property taxes thanks to Prop 13.

[jpinpb]

[quote=scaredycat]Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate[/quote]

Not everyone liquidates. I have a girlfriend who has inherited her dad’s houses. It was left to her and her sister. She’s taking a little loan on it to buy her sister out who is married w/her own house.

That could be why some sell. They have houses of their own already and end up selling so as to get money for the house they have.

Anyway, my friend was a renter. She did not want to sell to buy a new place. Her dad’s place was purchased long ago and paid off under very low property taxes thanks to Prop 13.

[jpinpb]

[quote=scaredycat]Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate[/quote]

Not everyone liquidates. I have a girlfriend who has inherited her dad’s houses. It was left to her and her sister. She’s taking a little loan on it to buy her sister out who is married w/her own house.

That could be why some sell. They have houses of their own already and end up selling so as to get money for the house they have.

Anyway, my friend was a renter. She did not want to sell to buy a new place. Her dad’s place was purchased long ago and paid off under very low property taxes thanks to Prop 13.

[jpinpb]

[quote=scaredycat]Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate[/quote]

Not everyone liquidates. I have a girlfriend who has inherited her dad’s houses. It was left to her and her sister. She’s taking a little loan on it to buy her sister out who is married w/her own house.

That could be why some sell. They have houses of their own already and end up selling so as to get money for the house they have.

Anyway, my friend was a renter. She did not want to sell to buy a new place. Her dad’s place was purchased long ago and paid off under very low property taxes thanks to Prop 13.

[jpinpb]

[quote=scaredycat]Why is a paid off house security. If it were then those who inherit them would tend to keep them rather than liquidate[/quote]

Not everyone liquidates. I have a girlfriend who has inherited her dad’s houses. It was left to her and her sister. She’s taking a little loan on it to buy her sister out who is married w/her own house.

That could be why some sell. They have houses of their own already and end up selling so as to get money for the house they have.

Anyway, my friend was a renter. She did not want to sell to buy a new place. Her dad’s place was purchased long ago and paid off under very low property taxes thanks to Prop 13.

[scaredyclassic]

Steady income is security. Money or gold or liquid assets are security. Good health and loyal sons with strong backs are security. A house is a taxable box u crap in and bears zero relation to actual security. It is merely the illusion of security

[scaredyclassic]

Steady income is security. Money or gold or liquid assets are security. Good health and loyal sons with strong backs are security. A house is a taxable box u crap in and bears zero relation to actual security. It is merely the illusion of security

[scaredyclassic]

Steady income is security. Money or gold or liquid assets are security. Good health and loyal sons with strong backs are security. A house is a taxable box u crap in and bears zero relation to actual security. It is merely the illusion of security

[scaredyclassic]

Steady income is security. Money or gold or liquid assets are security. Good health and loyal sons with strong backs are security. A house is a taxable box u crap in and bears zero relation to actual security. It is merely the illusion of security

[Author]

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