Silver getting crushed today

A house is not an investment unless a person makes his living with real estate that he or she owns. And it takes skill and experience to be able to do that — and not a quickie home study course for $69.95.

Home ownership, to me, provides a place to live.

 

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I think you should reread my post, Kurt, because I did not say that the Fed should of prosecuted the CEOs. To clarify, I used "they" to specify those responsible for prosecuting criminal behavior.

 

Really with what they cost they are an investment even if it isn’t the main purpose. The longer you live in it the less important the value aspect becomes but anytime you’re talking about something that costs 100s of thousands if not more there’s no way to ignore the investment side

 

When compared owning to renting I consider it an investment. You're going to pay to live somewhere except your parents basement. With renting the money is guaranteed to vanish. Owning at least gives you a chance of recouping some or all of your money. You might even make some money. There is also the landlord issue. Some are good and decent, some are not. If I want to paint my house neon zebra stripes that's what I'm going to do.

Full disclosure: I prefer giraffe patterns to zebra stripes.

 

Unless of course you have an HOA

 

HOA's are deal breakers for me. I would like to avoid paying more people to tell me what I can and can't do to my own property. I already pay the government for that.

 

Completely agree. If they want to pay the bills would be more than happy to have whatever color they want

 

Paint it SILVER!

 

You're not far off. A really dull and dark flat silver.

 

Agree. As a full-time home and land investor - it's very simple. Is the property cash-positive on an annual basis? Then it's an investment. Is it cash-negative? Then it's a liability.

'Housing' expenses are no different from 'eating' expenses - essentially maintenance costs in one's life. They can be as low or as high as you wish. For most Americans, their relationship with property is cash-negative.

 

My house was green, we wanted to have it painted burgundy. When we hired a painter, he suggested a pinkish primer before the final coats of burgundy the color we wanted. The reactions of my neighbors to the primer was really funny, they though that was going to be the final color. We went along with the joke until the painter started to use the burgundy paint.

 

Mises held a similar view towards lord clown face:

"Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn." Ludwig von Misses

 

Klaatu barada nikto

 

Sure, the bank never took those 2 grubby $50 bills you deposited and physically invested them somewhere carefully. Most on the forum understand money creation. But maybe 30/40 years ago the local bank only lent 1-2k on that $100 deposit whereas 10 years ago it got up to 10-20k. Don't know. But the money lent generally did go into growth in the local community and helped it thrive even if it was 'promise to pay' upon 'promise to pay' upon 'promise to pay'. The account holder saw a risk and headache-free growth in savings. It is sort of a 'wonderful life' with maximized standards of living achieved through monthly commitments. This is the endgame of any debt-model.

There is a great deal of money 'traffic' in that scenario to provide 'macro' health yet still something in it for the individual to store and build upon. Balance is achievable, just as restoring faith in the dollar is achievable . . . the question is how.

 

I thought V. Kurt would have a healthy respect for the coasts since we, along with TX, drag the rest of the country along economically.

 

One word Privy-Eugentics. And lord clownface was on it! Too bad he shuffled off to Dirt City before Soylent Green came out. He would have really enjoyed that.

"The time has already come when each country needs a considered national policy about what size of population, whether larger or smaller than at present or the same, is most expedient. And having settled this policy, we must take steps to carry it into operation. The time may arrive a little later when the community as a whole must pay attention to the innate quality as well as to the mere numbers of its future members."
John Maynard Keynes
Central planner extraordinaire and council member of the British Eugentics Society.

 

Mehhhh, not in the mid-sized cities in Pennsylvania, it's not. The recession is still in full flower.

 

Or live in a Historic District, as we have gazillions of here. Think YOU own the right to decide ANYTHING about the façade of your house?? Think again!

 

Been to 49 of the 50 states. Stayed overnight in all 49. Only Alaska is missing. I wouldn't live west of the continental divide if you paid me to. I love the scenery. I have a less favorable opinion of those "west of I-5" folks.

 

There is just no inventory available in RI, or Massachusetts for that matter. Even rent has skyrocketed because of it. Home prices right now are rivaling 2007 bubble prices.