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peterb
ParticipantI forgot to mention one thing that I’ve seen ommitted from most analysis regarding home ownership….and that’s the exit strategy. How many investment in the USA let you take $250K to $500k of TAX FREE profit after 2 years of owning the asset?? This is huge and often over looked. Of course, this is no longer ownership once you’ve sold, but you had to be an owner first in order to enjoy this incredible treat allowed by our tax crazy govt.
peterb
ParticipantI forgot to mention one thing that I’ve seen ommitted from most analysis regarding home ownership….and that’s the exit strategy. How many investment in the USA let you take $250K to $500k of TAX FREE profit after 2 years of owning the asset?? This is huge and often over looked. Of course, this is no longer ownership once you’ve sold, but you had to be an owner first in order to enjoy this incredible treat allowed by our tax crazy govt.
peterb
ParticipantI forgot to mention one thing that I’ve seen ommitted from most analysis regarding home ownership….and that’s the exit strategy. How many investment in the USA let you take $250K to $500k of TAX FREE profit after 2 years of owning the asset?? This is huge and often over looked. Of course, this is no longer ownership once you’ve sold, but you had to be an owner first in order to enjoy this incredible treat allowed by our tax crazy govt.
peterb
ParticipantI forgot to mention one thing that I’ve seen ommitted from most analysis regarding home ownership….and that’s the exit strategy. How many investment in the USA let you take $250K to $500k of TAX FREE profit after 2 years of owning the asset?? This is huge and often over looked. Of course, this is no longer ownership once you’ve sold, but you had to be an owner first in order to enjoy this incredible treat allowed by our tax crazy govt.
peterb
ParticipantA home purchase is such a large amount of money that if the house is not appreciating, why buy it? Why take on the financial burden and risk of such an illiquid investment? Until rents and mortgages hit equilibrium, there’s very little financial logic to owning. Especially in a down trending market.
The two strongest financial reasons to own are appreciation and eventually living in a paid-0ff home. But you’ll always have taxes and maintenance to pay as long as you own. And you could have been investing the difference between your mortgage and rent in other assets that are performing better in the appreciation arena.peterb
ParticipantA home purchase is such a large amount of money that if the house is not appreciating, why buy it? Why take on the financial burden and risk of such an illiquid investment? Until rents and mortgages hit equilibrium, there’s very little financial logic to owning. Especially in a down trending market.
The two strongest financial reasons to own are appreciation and eventually living in a paid-0ff home. But you’ll always have taxes and maintenance to pay as long as you own. And you could have been investing the difference between your mortgage and rent in other assets that are performing better in the appreciation arena.peterb
ParticipantA home purchase is such a large amount of money that if the house is not appreciating, why buy it? Why take on the financial burden and risk of such an illiquid investment? Until rents and mortgages hit equilibrium, there’s very little financial logic to owning. Especially in a down trending market.
The two strongest financial reasons to own are appreciation and eventually living in a paid-0ff home. But you’ll always have taxes and maintenance to pay as long as you own. And you could have been investing the difference between your mortgage and rent in other assets that are performing better in the appreciation arena.peterb
ParticipantA home purchase is such a large amount of money that if the house is not appreciating, why buy it? Why take on the financial burden and risk of such an illiquid investment? Until rents and mortgages hit equilibrium, there’s very little financial logic to owning. Especially in a down trending market.
The two strongest financial reasons to own are appreciation and eventually living in a paid-0ff home. But you’ll always have taxes and maintenance to pay as long as you own. And you could have been investing the difference between your mortgage and rent in other assets that are performing better in the appreciation arena.peterb
ParticipantA home purchase is such a large amount of money that if the house is not appreciating, why buy it? Why take on the financial burden and risk of such an illiquid investment? Until rents and mortgages hit equilibrium, there’s very little financial logic to owning. Especially in a down trending market.
The two strongest financial reasons to own are appreciation and eventually living in a paid-0ff home. But you’ll always have taxes and maintenance to pay as long as you own. And you could have been investing the difference between your mortgage and rent in other assets that are performing better in the appreciation arena.August 14, 2008 at 10:48 AM in reply to: Buying next year, what to do with down payment money? #256840peterb
ParticipantSeems like we’re in a deflationary period for real estate and now the rest of the global economy is following the US down hill. So the dollar is gaining on most other currencies that were hammering it for the last 5 years. Stay as close to USD as you can for the next 6 months. IMHO.
August 14, 2008 at 10:48 AM in reply to: Buying next year, what to do with down payment money? #257022peterb
ParticipantSeems like we’re in a deflationary period for real estate and now the rest of the global economy is following the US down hill. So the dollar is gaining on most other currencies that were hammering it for the last 5 years. Stay as close to USD as you can for the next 6 months. IMHO.
August 14, 2008 at 10:48 AM in reply to: Buying next year, what to do with down payment money? #257024peterb
ParticipantSeems like we’re in a deflationary period for real estate and now the rest of the global economy is following the US down hill. So the dollar is gaining on most other currencies that were hammering it for the last 5 years. Stay as close to USD as you can for the next 6 months. IMHO.
August 14, 2008 at 10:48 AM in reply to: Buying next year, what to do with down payment money? #257083peterb
ParticipantSeems like we’re in a deflationary period for real estate and now the rest of the global economy is following the US down hill. So the dollar is gaining on most other currencies that were hammering it for the last 5 years. Stay as close to USD as you can for the next 6 months. IMHO.
August 14, 2008 at 10:48 AM in reply to: Buying next year, what to do with down payment money? #257131peterb
ParticipantSeems like we’re in a deflationary period for real estate and now the rest of the global economy is following the US down hill. So the dollar is gaining on most other currencies that were hammering it for the last 5 years. Stay as close to USD as you can for the next 6 months. IMHO.
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