wrote in message
oups.com...
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.

OK, I'll take the bait...since you were obviously referring to me.

There is one home (out of 31 for sale in my neighborhood) under 7 figures.
It's 1500 sq ft., was built in 1960, and is priced at $959k.


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.

Not true. You could rent. You could buy a boat and live on it. You could
move to an area that is the next "hot real estate market"...and use the
bank's money to buy a new home, while investing your capital gains (less
taxes) from the first house into something else.


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 could reverse mortgage your house too. That is, if you really needed
the money.