tag:blogger.com,1999:blog-11336670.post237094854887548369..comments2009-10-17T09:07:08.114-04:00CaptiousNuthttp://www.blogger.com/profile/14440029537418230507CaptiousNut@gmail.comBlogger15125tag:blogger.com,1999:blog-11336670.post-39321002125898202932009-10-17T09:07:08.114-04:002009-10-17T09:07:08.114-04:00There is a house in my town that was featured in *My House is Worth What?*. It was highly appraised by an expert a year or two ago.<br /><br />Right now it&#39;s for sale. We&#39;ll see what it fetches in the more dispassionate free market.CaptiousNuthttp://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-88501064421691007512009-10-17T09:05:34.900-04:002009-10-17T09:05:34.900-04:00Sentry Safe, <br /><br />For everyone who has *learned something* I submit there&#39;s another out there who is *bottom picking* the housing market these days.<br /><br />Everyone buying foreclosures in Florida is a cash investor. It may take some time, but they will all end up disappointed, and poorer. For sure, half of all fortunes have been made <em>in real estate</em>....but none of them when interest rates were low.<br /><br />And I always wondered how HGTV was going to handle the post-bubble. I rarely watch it these days, but I am sure they&#39;ve buried the euphoric shows.CaptiousNuthttp://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-1497071079264609152009-10-17T04:29:44.244-04:002009-10-17T04:29:44.244-04:00I was watching HGTV and even now years into this mess, people are cashing out what little savings they have to buy an &#39;investment&#39;.<br /><br />Didn&#39;t these fools learn anything from the last bubble? Owning property is a liability, not an investment!Sentry Safehttp://www.avidbiometrics.com/Shop-By-Brand/Sentry-Safe-c48/noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-33057893584404013972009-09-17T00:09:01.467-04:002009-09-17T00:09:01.467-04:00Owning a home is expensive. Something is always breaking and needing maintenance.biometric time clockhttp://www.avidbiometrics.com/Biometric-Time-Clocks-c5/noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-31149096386765667412009-09-01T22:02:42.359-04:002009-09-01T22:02:42.359-04:00Thank God for Corporate Relo&#39;s I&#39;ll second that! 150k loss tada gone along with a new home that had a basement flooding twice, windows with seals broke, supposed maintenance-free deck that after one year looked oh, 20 years old, and on and on... now in a beautiful apartment with granite, stainless appliances, two car attached garage, washer-dryer hookups, a pool outside the back porch, for oh, a grand a month!<br /><br />You couldn&#39;t pay me to buy a house again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-77934632382212950852009-08-22T09:08:26.610-04:002009-08-22T09:08:26.610-04:00Ha -- I just googled &#39;home ownership sucks&#39; and your post popped up immediately...<br /><br />I totally agree. These needy, insatiable monsters end up owing you, sucking the life out of you, bleeding you dry. <br /><br />Never again. <br /><br />Thank God for corporate relocation packages -- we&#39;re happy with the buy out estimate, we&#39;re taking the money, putting it in the bank, and renting in the city again. No leaks, breakdowns, &#39;surprises&#39;, squirrels, termites, crappy neighbors, lawns, trees, acorns, or any of the other nightmares that come along with the great American myth of home ownership. <br /><br />Good riddance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-80023980798073568952008-09-09T22:40:00.000-04:002008-09-09T22:40:00.000-04:00I've linked to this on my own site. Excellent work.JWhttp://www.cynicsnotebook.comnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-34602397408992135172008-06-19T05:46:00.000-04:002008-06-19T05:46:00.000-04:00nice blog. Homeownership does suck. Paying over 1/4 a mil on a sucky old condo in DC area, now 4 years later, and 40k worth of upgrades, i'm going to closing, for 1/4 a mil, and paying for my buyers closing costs and down payment (not to mention the 14k in commissions). Had to borrow from my retirement fund just to sell this place.<BR/><BR/>Never buying a home again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-62980501292225392922007-10-19T14:51:00.000-04:002007-10-19T14:51:00.000-04:00I completely <A HREF="http://www.liveworkdream.com/2007/10/18/why-i-dont-want-to-be-a-homeowner-for-now" REL="nofollow"> agree!</A>LiveWorkDream.comhttp://www.blogger.com/profile/15003212659810881210noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-74659477048764108772007-09-17T15:23:00.000-04:002007-09-17T15:23:00.000-04:00Monkeydarts,<BR/><BR/>Do the math, you would have made a bunch more if you borrowed and put that money in the stock market.<BR/><BR/>For sure, if you buy your first home at the bottom of a cycle, you can create some real wealth. But for everyone who buys at the bottom, there are probably two people who buy at the top.CaptiousNuthttp://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-87921579234009415772007-09-07T10:18:00.000-04:002007-09-07T10:18:00.000-04:00I don't know about that "Homeownership Sucks!" title Cap. My wife and I have owned a succession of 5 homes. Seven years after retiring at the age of 45 we let the 4th house buy the 5th one for us. No mortgage; so we don't "rent" or "lease" the house we "own." When we downsize in another 5-10 years this house will buy our next one. Home ownership for us has been a crucial component of the realization of the American Dream-- we started married life with ZERO money in the bank and a willingness to work our asses off. <BR/>However, crabgrass sucks.Monkeydartshttp://www.blogger.com/profile/17861948420597834287noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-32771578294873330412007-09-05T23:00:00.000-04:002007-09-05T23:00:00.000-04:00Well I realize that, actually. I was going to ask again if one benefit of ownership might be that in the event of an economic downturn you will still have a place to live for sure, but since most people mortgage most people would probably lose their homes anyway, as they are merely renting from the bank.<BR/><BR/>Isn't it closer to leasing, however? Renting connotes you're definitely giving back at the end, whereas with a lease you MIGHT give it back or you might buy out at the end.TAYLORhttp://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-17392605759196985252007-09-05T20:17:00.000-04:002007-09-05T20:17:00.000-04:00taylor,<BR/><BR/>Most everyone is "renting".<BR/><BR/>Just because they do not realize it, it doesn't mean that mortgagers aren't simply <EM>renting</EM> money.CaptiousNuthttp://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-1890863915861494602007-09-05T17:24:00.000-04:002007-09-05T17:24:00.000-04:00Well aren't the "market prices" obviously topsy-turvy because of Fed intervention in the market? If you expand credit to bad risks in the home ownership sector while not doing the same in rentals, won't that create excess demand in owned homes and therefore drive the price up past its normal equilibrium?<BR/><BR/>I guess part of the problem you're describing mostly pertains to old homes, as well. If you could scrape together the dough for a new build, you might not have as many problems, at least not for ten years or so.<BR/><BR/>Definitely see what you're saying, and maybe you're right given the realities of today's market, but it sure is weird to think that you're right and that renting is superior to owning. After all, it's always poor folk who receive criticism for renting everything in their homes rather than saving up and buying it.TAYLORhttp://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-70117175594017750562007-09-05T11:28:00.000-04:002007-09-05T11:28:00.000-04:00Hey dude. I love your blog. Visit my blog at any time during the day, and feel free to comment on anything you wish.<BR/>Go to my webpage at: http:www.andypanda-charlie.blogspot.com<BR/>I would love to hear from you.Charliehttp://www.blogger.com/profile/16220032815531703501noreply@blogger.com