http://www.freerepublic.com/focus/f-news/2544556/posts
Posted on 07/14/2010 11:45:59 AM PDT by SeekAndFind
You did it the smart way. I reached for my first house too and it paid off. This liberal couple bought way too much home and kept their dog walkers, club memberships, European sedans, etc. And then complained that were struggling financially.
For a sec there I thought you were being quite literal.
Better to buy when high mortgage rates force home prices down, then refinance when mortgage rates drop, and make out like a bandit.
Great words!
I think we have made the same point: if long-term home ownership is important to you, there are things you will do to own that home. If it's not, you won't do these things, and the government certainly shouldn't be in there encouraging you to do something that will probably end up badly for you - not to mention skewing the entire market.
1) If you are a "good" and "successful" person, you own a home. If you do not own a home, then you must not be either good or successful.
2) If you wish to become a "good" and "successful" person, you better go to college -- preferably, a really expensive one. People who don't go to college are "losers".
Personally, I think apprentice programs and on-the-job training are great and the number of people who need to go to college is really quite small. And, if you have money and want to buy a home, then go to it -- but plenty of people don't want that or cannot afford that: and that's OK too.
We are a consumer driven society and houses and education are part of that, and I'm not at all sure that it benefits us. Right now, it seems to be biting us pretty hard.
“This “American Dream” ideology has led to a massive real estate bubble and financial catastrophe in the past decade...”
#####
I disagree.
The “American Dream ideology” was that the miracle of America meant that one could SAVE, SACRIFICE and delay gratification in order to afford a home.
What led to the real estate bubble was individuals and institutions cheating, via greed, government interference in the marketplace, outight racism, and non-accountability, on the basic rules that had governed home ownership.
The government can do that for you, too.
An Act Of Congress
“Congress finds and declares that wild free-roaming horses and burros are living symbols of the historic and pioneer spirit of the West; (and) that they contribute to the diversity of life forms within the Nation and enrich the lives of the American people ...”
(Public Law 92-195, December 15, 1971)
The next Internet adoption will begin July 14, and close on July 28. Photos can be viewed on Gallery page. Applications will open on Monday, July 12.
https://www.blm.gov/adoptahorse/
Yes, it feels so good to not be writing the mortgage payment checks every month. All that money is going into savings now.
Ditch the idea of home ownership? I completely disagree with this entire premise (having not read the article). Perhaps if America were allowed to function as it is laid out in the Constitution, home ownership would be more of a reality to more people willing to work for it.
Honestly, I don’t see how you make money on landlording.
Exactly. Choose your dream and be willing to work and pay for it. That’s the American Way.
You have a RIGHT to a pony!
http://www.freerepublic.com/focus/f-news/2544556/posts
I am a happy renter too. I managed to find a nice place in a great neighborhood with an excellent landlord. For the amount of I pay, I couldn’t get an equitable home where most repairs and broken appliances are fixed/replaced within 48 hours at the price of a phone call.
Yep, if you have a good landlord, it makes a big difference.
The american dream is not about owning a home, it’s about owning your destiny - Glenn Beck
“NO ONE has a RIGHT to own a home. It’s a priviledge.”
It is a long steep climb and those who complete the climb can be called owners.
Slight correction, if I may: Everybody has a RIGHT to own a home—providing he’s not stealing from the lender or the taxpayer.
...or putting up various dishes and other antennas (if you're not just as badly hemmed in by those wascally westwictive covenants).
That's my dilemma as an apartment dweller for the past few years. Even if I were renting a house from an individual owner, I would have a chance at doing some of this stuff. But dealing with a giant apartment management company, not so much.
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