BaldingSoHard
Banned
How? Ownership vs renting? This is really a debate?
" I own a home"
- Thread starter BlackBall
- Start date
How? Ownership vs renting? This is really a debate?
You have to pay money to live somewhere, might as well make it a proper investment. Taxes on a house aren't really that significant in the grand scheme
The road from unpaid taxes to legal action is far. The road from missed rent to eviction is short
If you ever fell on hard times as a home owner, you have options.
My loft was $325,000, and my monthly HOA is $800/month.
Once I'm done paying it off I can sell it. And if the value goes up I can recoup money on the HOA fees.
You can't do that when you rent.
You're fukked if property values plummet though, that's why people but houses with good school districts.
Once I'm done paying it off I can sell it. And if the value goes up I can recoup money on the HOA fees.
You can't do that when you rent.
You're fukked if property values plummet though, that's why people but houses with good school districts.
Pay teachers 6 figures brehsMy loft was $325,000, and my monthly HOA is $800/month.
Once I'm done paying it off I can sell it. And if the value goes up I can recoup money on the HOA fees.
You can't do that when you rent.
You're fukked if property values plummet though, that's why people but houses with good school districts.
I'm fairly slow at work, so I'll bite on this.
Is Eminent Domain or taxes REALLY a factor at the end of the day when you're debating on owning property?
Would you own a piece of property and rent it out for a profit? What about a triple-net lease for a commercial piece of property?
Is Eminent Domain or taxes REALLY a factor at the end of the day when you're debating on owning property?
Would you own a piece of property and rent it out for a profit? What about a triple-net lease for a commercial piece of property?
BaldingSoHard
Banned
You really wanna rent the rest of your life?
Like foreal foreal?
You don't want:
- Tax breaks from the interest, property taxes, and insurance paid (renters pay these too, owners get the tax benefits).
- Equity in the place that you live
- Capital gains
- A back yard?
- Right to modify the property any way you want
- Not having to pay anymore once it's paid off
nikka I'm renting from the bank which is the whole point of this thread
BaldingSoHard
Banned
ORDER_66
I am The Wrench in all your plans....
Is it really that bad, anyone got any pics because its not a bad place to own if you need a low key place to stay...
I would cop one of these places and hook it up...
Nah the real scam is the taxes but the whole fukking home ownership system is inherently a scamSo you own a home, but you think it's a scam... because you had to take out a loan?
BaldingSoHard
Banned
Then move to Louisiana. Property taxes are a low 0.18% there.
And if you think it's a scam, then get on the other side of it. Buy some rental properties and make the system work for you.
This isn't brain surgery.
good school districts.
My shyt is downtown, walking distance from the University of South Caca-lina
You're building equity.
It's your train of thought adds to the reason why there is barely any generational wealth amongst black people
To see if maybe I can sell it to make a profit in this fukked up market, I don't plan on using my home as an atm either
You're building equity.
It's your train of thought adds to the reason why there is barely any generational wealth amongst black people