The Current FReepathon Pays For The Current Quarters Expenses?
We just had a mortgage burning party last week and boy, does it feel good!
Didja ever notice (in whiny Andy Rooney voice)...
That when a Republican is in office and the economy isn’t doing so well, the headlines and stories they run to condemn Republicans and those who put them in office are, “Women starving across the country,” “People losing their homes,” “People go shirtless as they cannot afford clothes,” “Republicans want the elderly to starve,” “People cannot afford to date,” “People cannot afford to marry,” “People cannot afford to have children,” “Suicides increasing because of Republican economics.”
But then, when a leftist DemocRAT like Obammie the Commie is in office and they are deliberately destroying the economy, the headlines on sites like MSN and CNN and the entertainment sites and all those asinine sites that love stories with numbered lists “10 ways to shave seven pounds,” “Top three places to live,” “9 Essentials must-haves for driving to the store” the headlines try to cutsie-up the tanking economy with headlines like:
“How to live in a shoebox,” “How to have fun on a $10-dollar date,” “People find living together better than marriage,” “The health improvements of not eating for a few days.”
Ever since I noticed this, it really pi$$es me off, the obvious propaganda that the leftists spew constantly to prop up their tyrants, even in these little feel-good puff pieces.
Given the Fannie Mae, Freddie Mac disincentives to sane lending practices, I’d say that the “Home Ownership Bubble” just burst. Home ownership rates have been artificially high, IOW’s.
Hey, look at the bright side! Residential real estate will pick up again, when most of us Baby Boomers are finally dead in 20 years or so! Hope that cheered all of the corporate-government-pensioned NIMBYs, HOA queens and other commies up. ;-)
I can not advise anyone on what to do, but for me, buying a home and getting it paid off as quickly as possible is what allowed me to retire at 59.
A home similar to mine rents for close to $1,200 a month (which is what my annual property tax is).
With taxes and other expenses I would have to still be working to earn the $2,000 (rough estimate) just to pay the rent.
True I am responsible for maintenance and for insurance but the renter pays those cost as well, it is included in the rent.
I absolutely refused to refinance my home or to borrow money on it so when the housing bubble popped I lost nothing. The home is still valued at four times what I paid for it but it does not matter, we plan on living here until we die.
Simply put, not doing what you can to own your own home means you will have to earn more money in your old age to pay for rent.
Seeing the erosion of property taxes and of associated socialist trash is also hilarious and enjoying. ;-)
I work in a construction-related field. My anecdotal observations confirm the above excerpt.
I,m closing on my house at the end of the month and renting a place 2 miles away.
Yea, I’m living the American dream alright.
More like an American Nightmare.
Thank God i have 50% equity in the place.
Good news for us landlords. Rental properties are great investments.
The Current FReepathon Pays For The Current Quarters Expenses?