[patb]

I didn’t believe the Housing bubble press on how great it was in 2004
and i never believed the press on how great the iraq war was
going in 2003.

the analysis tool i used on housing was the case shiller index
and the analysis tool i use on Iraq is the casualty trend graph.
from http://www.icasualties.org or http://www.ac.wwu.edu/~stephan/USfatalities.html each one showed the iraq occupation was going
badly, even when DoD was outright lying.

the trend was all you needed to know to see it would end badly.

[patb]

The poster asked an odd question:

“What is the calculation for monthly rental costs”

I suspect what he meant was “What is the calculation for monthly rental PRICE”

Price is set by the market. Demand sets price. Supply sets price.
At some equilibrium you find equilibrium price.

Price Demand is set by monthly household income, if you spend more
then 33% of gross income on rent, you starve.

now rental costs?

Those are set by Cap investment, interest, Taxes, insurance, and maintenance.

Fgure a 750K house, buy that with a 30 Year 6% mortgage,
okay $42K in interest, say $6K in amortization, say $21K in taxes,
and then $3K in insurance, so toss another $5K in maintenance in

so figure it’s running about $7K in monthly ops costs.
you arepaying $4K/month, you should jam the owner
down some more.
He’s already subsidizomg you, get more

[patb]

The poster asked an odd question:

“What is the calculation for monthly rental costs”

I suspect what he meant was “What is the calculation for monthly rental PRICE”

Price is set by the market. Demand sets price. Supply sets price.
At some equilibrium you find equilibrium price.

Price Demand is set by monthly household income, if you spend more
then 33% of gross income on rent, you starve.

now rental costs?

Those are set by Cap investment, interest, Taxes, insurance, and maintenance.

Fgure a 750K house, buy that with a 30 Year 6% mortgage,
okay $42K in interest, say $6K in amortization, say $21K in taxes,
and then $3K in insurance, so toss another $5K in maintenance in

so figure it’s running about $7K in monthly ops costs.
you arepaying $4K/month, you should jam the owner
down some more.
He’s already subsidizomg you, get more

[patb]

What you are talking about is Fraud.

Most Finincial aid programs require you to list
“Other Assets”, now to control an LLC, or LLP
or something like that, you need to value it.

You need to list it as worth something, and given it’s
holding assets, those assets have value.

Look, what you need to do, is either suck it up and pay for this,
or put off school. The aid isn’t just for the color of your skin
it’s for the poor.

God bless, you aren’t poor, so don’t steal their pennies.

now if you want, you could convert the asset into something different,
say an annuity, that gives you $100/month this month,
$200/month next year, etc, etc, etc, until it expends itself

then you report the income, and list it as an annuity payment,
but tey may ask to see the annuity value in NPV, and that
would still be the same.

[patb]

What you are talking about is Fraud.

Most Finincial aid programs require you to list
“Other Assets”, now to control an LLC, or LLP
or something like that, you need to value it.

You need to list it as worth something, and given it’s
holding assets, those assets have value.

Look, what you need to do, is either suck it up and pay for this,
or put off school. The aid isn’t just for the color of your skin
it’s for the poor.

God bless, you aren’t poor, so don’t steal their pennies.

now if you want, you could convert the asset into something different,
say an annuity, that gives you $100/month this month,
$200/month next year, etc, etc, etc, until it expends itself

then you report the income, and list it as an annuity payment,
but tey may ask to see the annuity value in NPV, and that
would still be the same.

[patb]

My opinion

1) it’s harder to sell a condo or townhouse then a house.
mostly because condo’s are so much alike and townhouses
often have weird covenants.

2) Houses tend to appreciate faster ten any other single family residence.

3) I’d never pay cash for a property, why tie up the money if you can
get a decent mortgage

[patb]

My opinion

1) it’s harder to sell a condo or townhouse then a house.
mostly because condo’s are so much alike and townhouses
often have weird covenants.

2) Houses tend to appreciate faster ten any other single family residence.

3) I’d never pay cash for a property, why tie up the money if you can
get a decent mortgage

[patb]

What is the difference between a recession a depression and aramageddon?

===

Easy

Recession when your neighbor loses his job.
Depression, when you lose your job.
Armageddon, When everyone on the block is unemployed.

BTW minority unemployment is often 40%

[patb]

What is the difference between a recession a depression and aramageddon?

===

Easy

Recession when your neighbor loses his job.
Depression, when you lose your job.
Armageddon, When everyone on the block is unemployed.

BTW minority unemployment is often 40%

[patb]

“Most people don’t own a home for 30 years or even 10 years”

I suspect this is a Lie with the facts.

Until you are 22, most people don’t own a home, they are
domestic chattel or students at a school.

if you look at the stats, historically 40%-50% of the American public
don’t own homes.

Now lets see why?

Age
1-18 Dependent minor (0% home owndership)
18-22 College student, Military service, etc (1-5% home owndership)
22-30 Swinging singles (15% home owners)
30-45 Married couples, divorcees, bachelors,spinsters,gays 50% Owners
45-60 Middle aged (70% owners)
60-80 retirees, nursing home resident, snowbirds (40% owners)

So sure, 40% never buy a home, 30% own homes for a while, 30% lifelong.

You could do the analysis out other ways, but its the same story.

[patb]

“Most people don’t own a home for 30 years or even 10 years”

I suspect this is a Lie with the facts.

Until you are 22, most people don’t own a home, they are
domestic chattel or students at a school.

if you look at the stats, historically 40%-50% of the American public
don’t own homes.

Now lets see why?

Age
1-18 Dependent minor (0% home owndership)
18-22 College student, Military service, etc (1-5% home owndership)
22-30 Swinging singles (15% home owners)
30-45 Married couples, divorcees, bachelors,spinsters,gays 50% Owners
45-60 Middle aged (70% owners)
60-80 retirees, nursing home resident, snowbirds (40% owners)

So sure, 40% never buy a home, 30% own homes for a while, 30% lifelong.

You could do the analysis out other ways, but its the same story.

[patb]

sorry if i sounded snarky,

didn’t mean that.

[patb]

sorry if i sounded snarky,

didn’t mean that.

[patb]

gilded era of the 1920’s?

Try the 1890’s?

When the robber barons, the oil trusts, the steel trusts
all conspired to rob and pillage the poor.

Only now it’s the financial trusts and wall street robbing the poor

[patb]

gilded era of the 1920’s?

Try the 1890’s?

When the robber barons, the oil trusts, the steel trusts
all conspired to rob and pillage the poor.

Only now it’s the financial trusts and wall street robbing the poor

[Author]

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