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To me for average people to think of their home more as an investment than a home for their family is just wrong.
To me for average people to think of their home more as an investment than a home for their family is just wrong.
Baloney. We have yet to buy a personal residence without consideration for its resale value, potential for building equity, and a stable or improving location because a good portion of our personal assets would be tied up in that property. People who do that wisely and well will enjoy a much more comfortable retirement than those who don't.
Those who consider owning their own home to be an entitlement and a government willing to embrace and promote that are what put us into the current mortgage mess. I suspect Miller means well, but he's targeting the blame at the wrong folks: those who encourage irresponsibility, and those who wallow in it.
To me for average people to think of their home more as an investment than a home for their family is just wrong.
Baloney. We have yet to buy a personal residence without consideration for its resale value, potential for building equity, and a stable or improving location because a good portion of our personal assets would be tied up in that property. People who do that wisely and well will enjoy a much more comfortable retirement than those who don't.
Those who consider owning their own home to be an entitlement and a government willing to embrace and promote that are what put us into the current mortgage mess. I suspect Miller means well, but he's targeting the blame at the wrong folks: those who encourage irresponsibility, and those who wallow in it.
You apparently misunderstood me.
For an individual your home purchase should be primarially as a residence.
Fools that think the home value will continue to climb at unsustainable rates and figure they can sell in 5 years and gain 25-50% are fools and deserve to be self burned.
Kinda like buying gold now, instead of 5 years ago or so.
LIke those who get upside down on their car loans because they keep rolling unpaid auto loan balances forward. Not becuase they need a new car but becuase they want one.
Buy what you need and can afford.
I did not mean those who keep their home for 30 years and actually pay it off.
Baloney. We have yet to buy a personal residence without consideration for its resale value, potential for building equity, and a stable or improving location because a good portion of our personal assets would be tied up in that property. People who do that wisely and well will enjoy a much more comfortable retirement than those who don't.
Those who consider owning their own home to be an entitlement and a government willing to embrace and promote that are what put us into the current mortgage mess. I suspect Miller means well, but he's targeting the blame at the wrong folks: those who encourage irresponsibility, and those who wallow in it.
You apparently misunderstood me.
For an individual your home purchase should be primarially as a residence.
Fools that think the home value will continue to climb at unsustainable rates and figure they can sell in 5 years and gain 25-50% are fools and deserve to be self burned.
Kinda like buying gold now, instead of 5 years ago or so.
LIke those who get upside down on their car loans because they keep rolling unpaid auto loan balances forward. Not becuase they need a new car but becuase they want one.
Buy what you need and can afford.
I did not mean those who keep their home for 30 years and actually pay it off.
Yeah we're probably sort of arguing on the same side of the fence here. But I still say that your home IS an investment and if you don't look at it that way you're probably going to be better off renting.
You apparently misunderstood me.
For an individual your home purchase should be primarially as a residence.
Fools that think the home value will continue to climb at unsustainable rates and figure they can sell in 5 years and gain 25-50% are fools and deserve to be self burned.
Kinda like buying gold now, instead of 5 years ago or so.
LIke those who get upside down on their car loans because they keep rolling unpaid auto loan balances forward. Not becuase they need a new car but becuase they want one.
Buy what you need and can afford.
I did not mean those who keep their home for 30 years and actually pay it off.
Yeah we're probably sort of arguing on the same side of the fence here. But I still say that your home IS an investment and if you don't look at it that way you're probably going to be better off renting.
Agreed, and if you cannot buy a home for less than you would pay in rent do not buy.
As a general rule.
Instead of having huge institutions foreclose on each individuals to drive down the value of our property, we can control the power if at least 15,000,000 homeowners unite to prevent all foreclosures. They can't foreclose on 15,000,000 property owners.
This needs to be a two step process to remove any risk entirely.
Step 1) The first step is only a pledge to unite. We begin on this forum to gather pledges. If we hit 10,000 (out of the 25,787 members here) we set up a website to gather pledges from the entire USA. Each of us emails our entire list of addresses to spread the word and ask our associates to email their list of addresses. This could get news coverage that will inform millions of homeowners.
Step 2) Our website records all pledges so when we hit 15,000,000 the 2nd step requires a $10 payment for membership and to show good faith that we simultaneously stop payments. The $150,000,000 finances a team of lawyers to represent any member whose credit is harmed or is a target of any harm by any bank.
We force the banks to reduce all payments to 25% of each member's net income. We use the capital to finance a 3rd party for the 2012 election. We must boot out the entire Democratic Republican Crime Family.
The first two pieces of legislation our new AMERICAN PARTY writes will be:
a) A bill that provides public financing to end all bribes and kickbacks. The obvious reason that loan officers suckered millions of people to take mortgages the lenders knew would never get paid was to generate fees and ditch the mortgages into securitized packages stamped with bogus AAA another part of the obvious fraud. None of the bankers or rating agencies' people were prosecuted is because they all paid bribes to the entire DEMOCRATIC REPUBLICAN CRIME FAMILY.
b) Invoke the 13th Amendment that abolished slavery. The only way Americans can get back their jobs is to force that supplies are manufactured in America at American wages. Buying goods produced by Chinese slaves violates are Constitution. There is no difference buying imported heroin and imported cocaine than buying slave made goods.
US CITIZEN has 18222 posts here so she is my girl. US CITIZEN is going to be my personal investment advisor and I am going to make a fortune.
After my account hits $2 billion by Xmas, I'm going to ask her to help all 25,777 members here. Maybe with our fortune we'll buy all the foreclosed homes and rent them to the homeless children.
Will the forum administrators email all the members now to be ready for the US CITIZEN investment advice letter they can get free of charge? Will the members promise to share the investment advice with all their email contacts if they register on this forum?