An interesting fact regarding out local economy:
Study: Renting a Better Idea in KC than Buying
This is important because it means that A FUNDAMENTAL ASPECT OF THE AMERICAN DREAM HAS NOT ONLY CHANGED BUT BECOME OBSOLETE!!!
Also, it's just another sign that so much ongoing real estate speculation isn't going to succeed.
Photobabe: Jenny McCarthy reminds us of the gold old days when ladies did all kinds of delightful chores around the house.
OMG!!! Jenny McCarthy is SMOKIN' hot!!!
ReplyDeleteTranslation. The situation is desperate and no one is buying.
ReplyDeleteWith exception of a few brief spans, home ownership has been a money-loser for the last 400 years. Plus, it inhibits the ability to move quickly as opportunities arise throughout the country/world. All in all, home ownership is vastly overrated.
ReplyDeletelove, love, LOVE Jenny and ALL of her bottom!!!!!
ReplyDeleteI still remember my father's bemusement at hearing that a man was asking $20,000 for his house. "C'mon Abe, (his friend) lets go see this $20,000 house."
ReplyDeleteWhen I was a child anyone who had a job could buy a house. Now 'they' want $50,000 for a shack. Even a modest house is $150,000. How can a working man afford this? Minimum wage is only $7.25.
Minwage people don't buy houses yet. If that's all they're worth, they really screwed up and they can fix it by getting a decent skill.
ReplyDeleteHome ownership is still a great idea... renters pay anyway but their landlords take the tax deduction which is usually thousands of dollars a year.
Until you nearly own it. We almost own ours... and not having to pay for housing during our retirement years will pay for itself. Besides that, we pay less for our mortgage than people do today for two bedroom apartments.
The key is not buying too much house so to become house poor... and to buy a house just big enough for your family so you don't have to move. MOVING (selling and buying another) is what kills you.
Buy a house and your expense is both locked in and tax deductible for years. Just look at it as an expense, not an investment. Then you'll be suprised you can sell it, finish off all your debts.
Byron's right... housing does appreciate in value over decades if you can just stay put!
Just don't buy more than you can afford...preferably on ONE income, not two.
Radio man your views are inconsistent and childish.
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