Posted on 02/18/2023 7:22:50 AM PST by SaxxonWoods
Cut your losses before they get worse remember we have two mores years of the Biden lunatic.
Some people won't hire anyone smarter than themselves.
Go now. Do not hesitate, seek help. (Canadia has euthanasia for you problem)
Yes.
Can’t fix stupid
A lot of the letters are so stupid I hope they are fake.
I won’t pay an advisor either. I’m doing fine on my own, but I’ve studied it and been investing since I was in my late 20’s. My focus these days is tax-free income to the degree possible. The govt gets enough of my money to waste.
Sounds more like simple "greed."
Regards,
Rural Alabama here. Out of staters have really screwed up the market here. 2 years ago I could look at a property and tell you exactly what the market value is. Now? I really have no idea. What was a 100k property, now brings 200k. Or 200k and brings 350. Sounds like a great deal if you live in CA or NY or IL. But it has priced out locals in our poor ass county.
Our area has been named before as the poorest in the nation.
So why in the Hell would these folks want to live here? Don’t get me wrong. Lived here all my life and I don’t want to go anywhere. But these liberal idiots need to stay away and leave us alone!
As real as the letters to Penthouse.
Regards,
Dear Penthouse,
I never thought this would happen to me.......
...and, if I may say so, I've seen and been inside your current digs and it is a VERY fine bit of horse breeding property!
Exactly, I started in similar fashion. We lived below our means all the way and still do. It’s just habit now. We don’t scrimp like we used to but we drive luxury cars, our house is very nice but it’s the end result of several tax free sales of prior homes.
One great investment is buying a second home where you want to live in a few or more years. When you sell your principal residence, you don’t pay taxes. Move into the second home, it’s now your principal residence with a basis at its current value and when you sell it, no taxes on that sale either. I’ve done this 3 times. The first one I converted to a rental and kept for 12 years. The second one I sold to a business-related friend. He gave me 50% down and I’m carrying the mortgage. The third one I’m living in as my principal residence. One can make good money just avoiding taxes.
I agree, they should just turn it into an overnight rental and make a fortune.
I have seen this advertising ploy before. I think on the same website. It is basically an attractor for all the financial advertisers and loan institutions. Trying to shake up the bushes to find customers. Last one I saw was for someone with like 300k debt borrowed to study some major at Harvard where there are few jobs for that major. Oh, please help me...do I need a professional financial advisor?
The big clue? This idiot saying he and wifey make 320k a year and watch EVERY penny. Riiiiiight.
Fear of missing out.
Most of this “appreciation” isn’t appreciation, it’s just inflation. The dollars being used aren’t worth what they used to be.
On the other hand, one of real estate best qualities is that over time it outruns inflation, or least is has in the 45 years I’ve been investing in it.
Land does it best, but principal residences are very good too due to the no-tax on profits below $550k.
Money in the bank is not an investment, a bank is a parking garage for money, you pay to park your money there. The bank never pays more than the inflation rate. You have to risk something to make a profit.
>Saw last week it was valued at over $2,000,000.
I had a tract house in San Jose. Nothing special. Zillow lists it at $1.4M
“Cut your losses before they get worse remember we have two mores years of the Biden lunatic.”
I thought the same when Obama got elected the first time. I even retired two years earlier than planned as he took office.
My net worth doubled during his 8 years.
I’m doing great under Obama’s current third term too.
Stupid is as stupid does, Mrs. Blue.
“They also probably bought new cars every few years.”
Yep.....For us, my wife drives a Saturn Vue she inherited from her folks and I drive a 2006 Cadillac SRX that I bought used in 2008. It still runs good and looks great.
We also take care of our stuff so it lasts a good long time.
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