"John H" wrote in message
...
On 1 Mar 2005 09:05:26 -0800, wrote:
All this mobile home stuff is extremely amusing. It says a lot about
the people who
make fun of mobile home living and mobile home dwellers.
Specifically: For the majority of Americans, the only six-figure asset
they own or will ever own is the building they live in. They laugh and
scratch with glee as "sold" signs pop up throughout their neighborhoods
and go to great lengths to confirm the rumors about the latest
astronomical selling prices.
In many middle class communities, "equities" now approach 7-figures.
One small problem: If the only thing of any real value you own is your
house- you don't really own anything. You have to sell your house to
get the money, and if you sell you will have to buy another that is
equally overpriced and tie your money up again. Yipping and clapping
over the value of your home merely shows that you don't mind paying
high taxes and that you don't understand the nature of wealth.
Of course you can always free up your money by passing away. You will
no longer need a building to live in and your heirs will thank your
very much.....
But don't take too long to die, as you may be required to sell that
house and spend nearly all of the proceeds on your medical care to
become impoverished enough for free health care. (In that case, your
heirs might sneak into the nursing home and pull the plug before you
completely drain the well).
Etiher that, or you could sell and move to a mobile home. :-)
No one has made fun of mobile home dwellers or mobile home living.
What other investment can be made (as an individual) for as little as 0%
down, that is historically an appreciating asset, where the cost of
financing (as well as taxes on it) are deductible?
Chuck is sounding jealous, like a typical liebral.
John H
"All decisions are the result of binary thinking."