"Calif Bill" wrote in message
ink.net...

At least in Snellville, GA. The homes there do not sell for the high 6,
low
7 figures (at least before the decimal point).


Asslicker once again fails econ 101, but when you are barely paying any
income tax, like our resident "King", and buy a depreciating asset like a
mobile home, a bank CD looks like a better return.

wrote in message
ups.com...

P.Fritz wrote:
"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.

There are many, many investments that have an equal or greater return.
Most investments offset the tax deductions offered by simply having a
better return. You've probably been watching too many of those Saturday
morning infomercials.







John H

"All decisions are the result of binary thinking."