...
So in THE END you don't "own" ANYTHING.
YOU RENT.
Quoting: NewEarth 5D 74914079 you 'rent' for the cost of your property taxes. mine are about $600/month...quite high. but i can't rent a 6br 3900 sq. ft. house for $600/month...which is what I OWN.
STOP PAYING "PROPERTY" TAXES and see how much you "OWN" anything...
You people don't see a
MASONIC SCAM right in front of your faces, isn't it???
WHO GAVE
THEM THE "RIGHT" TO
RENT IT TO YOU???
WHO???It's pretty simple, really. To quote OP.
i say again...for $600/month, i get to live in a huge, nice home worth over $360k.
that $600/month also pays for the good public schools that my kids attend, it pays for police and fire services, and it buys be a much reduced tuition rate to the local community college if my kids want to take classes.
that $600/month also reduces my taxable income by over $7k per year...thus reducing my federal tax burden in years when i actually have one.
and if i get tired of taking care of my home, i can sell it and walk away with over $300k. or, i can rent it out to people like you for the going rate...around $2k/month in my area. even if i set aside half that for my taxes and maintenance, i still pocket $1k/month...that i can use toward another personal residence or rental property.
i can do this because over the last 30 years, i've only rented for about 9 of them and i have owned for the rest.
i've never needed an auto loan because i've always been able to borrow against my home equity with low tax-deductible interest.
live however you want but in this country, none of us ever truly own anything. for building wealth and net worth, owning real estate in the right location is rarely the wrong thing to do.
