tag:blogger.com,1999:blog-8144465279383388996.post8088263922643858152..comments2024-01-05T13:00:21.226-08:00Comments on Code Name Insight: Common Sense Economics (Or CYA As the Economy Nosedives)Code Name Insighthttp://www.blogger.com/profile/11496657585224292169noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8144465279383388996.post-67000805913284992132010-12-05T18:44:08.537-08:002010-12-05T18:44:08.537-08:00At webmaster@codenameinsight.comAt webmaster@codenameinsight.comCode Name Insighthttps://www.blogger.com/profile/11496657585224292169noreply@blogger.comtag:blogger.com,1999:blog-8144465279383388996.post-49848681120512225152010-12-05T15:22:00.354-08:002010-12-05T15:22:00.354-08:00Wow all I can say is that you are a great writer! ...Wow all I can say is that you are a great writer! Where can I contact you if I want to hire you?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8144465279383388996.post-44932041008569764612008-07-14T03:27:00.000-07:002008-07-14T03:27:00.000-07:00I've both rented and owned. When I rented it ende...I've both rented and owned. When I rented it ended up being much cheaper - and on weekends I could go off and play while as a homeowner there were repairs, bills, lawns to be mowed, upkeep (entropy is the always present destructor of property)...the list went on with quite a number of problems to be solved from plumbing to electrical to fighting with the neighbors over boundry lines.<BR/><BR/>Home ownership can be an albatross around one's neck.<BR/><BR/>As for home as an investment - take all that time spent managing the home, get a part time job, and invest that money for 30 years. You'll likely have more than the home made for you after expenses.<BR/><BR/>Then, of course, look at the hit the real estate market is taking at this time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8144465279383388996.post-39445090366556953452008-07-14T01:56:00.000-07:002008-07-14T01:56:00.000-07:00I really like the line...Keep your head above the ...I really like the line...Keep your head above the water.<BR/><BR/>RWriverwalkerhttps://www.blogger.com/profile/01575212890278793911noreply@blogger.comtag:blogger.com,1999:blog-8144465279383388996.post-11535707400986816402008-07-13T12:15:00.000-07:002008-07-13T12:15:00.000-07:00Americans have a very pesimistic views on property...Americans have a very pesimistic views on property homeownership<BR/>Dictated by your own tax laws , that you have enacted by legislation wich Americans have voted. (Sorry for my English ).<BR/><BR/>I have both, land here in the U.S.A. and two other locations abroad ( I wont tell where ) but, on both locations I can go for decades of not paying property taxes ( wich is a ridiculous amount) and the goverments will be unable to take my property away. It's just unheard of in many other countries. Of course we dont have the infasstructure that the U.S.A. have but also the laws are protective towards the preservation of the families and in not very commonly we have a system of pardon the bedt. I know of varoius cases as such. ( and I keep records of them). Believe you call it Amnesty. (But in your case it's giving by paying the debt w/o penalties.)<BR/><BR/>During these times The U.S. going thru, I would look into just going acroos the border, Living cheaply there and commiting back to work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8144465279383388996.post-36161583738614955212008-07-13T11:43:00.000-07:002008-07-13T11:43:00.000-07:00You make an excellent point. The general theory i...You make an excellent point. The general theory is that as long as you are paying for a place to live, you might as well use your housing costs to fund an investment (your home) at the same time. A home will be one of the biggest and in most, not all cases, the most lucrative investment the average person will make. <BR/>I think taxes are a mute point because you either pay them as a home owner or they will be passed on to you in your rent whether you are renting a house, apartment, motel room, or RV space. <BR/>That said, there are many cases against home ownership and I have many friends who fall into these catagories such as military families who move regularly and would most likely lose money on purchasing a home, retirees, travel journalists, and other people who travel around the world and stay for weeks or months in various countries (why pay a mortgage or rent for a place you only visit for a month or so out of the year?), people in domestic violence or other precarious situations where you may need to disappear at a moment's notice, and even those who really don't trust the government and have first hand experience with emminent domain and the loss of their property or loss of their investment return to the government. And, as you said,when THSHF or even in milder situations such as Hurricane Katrina, owning a home may cloud your judgement (ie: want to stay with your home and fight til the bitter end) when it would make a whole lot more sense just get the heck out of there and forget the house. <BR/>Thanks for the response!Code Name Insighthttps://www.blogger.com/profile/11496657585224292169noreply@blogger.comtag:blogger.com,1999:blog-8144465279383388996.post-86847669086564689982008-07-13T03:41:00.000-07:002008-07-13T03:41:00.000-07:00I am not so sure about the oft repeated advice of ...I am not so sure about the oft repeated advice of owning your own home being a big advantage. Actually, even if the bank has no hold on your home and you really do "own" it, the government still charges you rent in the form of taxes. Don't pay the taxes and you get kicked out.<BR/><BR/>In addition is the cost and effort of maintaining the home. This is not a small amount and can be considered part of the "rent" that must be paid.<BR/><BR/>Come SHTF, it is easier to abandon an apartment than your house. Just walk away!Anonymousnoreply@blogger.com