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Old 05-13-2019, 08:43 PM   #1
Tombstone RJ Tombstone RJ is offline
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Originally Posted by TribalElder View Post
buying a house is just a 30 year rental agreement where you have to pay to fix all the stuff that goes wrong.

Congratulations
Yah, but then you eventually sell it and make some $. It's a long term investment, and you need to maintain and even upgrade that investment. It will pay dividends down the road...
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Old 05-13-2019, 09:33 PM   #2
cooper barrett cooper barrett is offline
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A lot of people find out they have to bring money to the table in able to close the sale of their house. Schools, unemployment, downsizing, crime, type of loan, and interest rate raises can all cause a home loan to be a liability for a lot of years.


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Originally Posted by Tombstone RJ View Post
Yah, but then you eventually sell it and make some $. It's a long term investment, and you need to maintain and even upgrade that investment. It will pay dividends down the road...
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Old 05-13-2019, 09:47 PM   #3
TribalElder TribalElder is offline
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Originally Posted by cooper barrett View Post
A lot of people find out they have to bring money to the table in able to close the sale of their house. Schools, unemployment, downsizing, crime, type of loan, and interest rate raises can all cause a home loan to be a liability for a lot of years.
Last house I bought the deadbeat former owner had borrowed so much money against the house they had to cough up thousands just to sell it and break even
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Old 05-13-2019, 10:05 PM   #4
Mike in SW-MO Mike in SW-MO is offline
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Originally Posted by Tombstone RJ View Post
Yah, but then you eventually sell it and make some $. It's a long term investment, and you need to maintain and even upgrade that investment. It will pay dividends down the road...
When dad died, house was long since paid for. Mom sold it, moved to retirement apartment, & had nice chunk of change to go along with retirement savings.

Real property holds value like nothing else. Nobody's making more of it. (Cliche but true)
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