|
Jack Goff wrote: "basskisser" wrote in message Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. ...then... http://www.cityrating.com/ Again for Fritz, Atlanta is a top ten city. Naples, FL isn't even listed. Forbes? Atlanta is #5. Naples, FL 53! Ha! Atlanta *is* the definition of a crime ridden hell-hole. If you compare it to Naples at www.bestplaces.com , Atlanta has 10 times the crime rate that Naples has. Apples and oranges! You can't possibly compare a large city with a small one. If that was your criteria, then a town in the middle of nowhere, Maine would be Nirvana! So, Jack, how long have you lived the Atlanta area? Where abouts? |
NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. So....you actually think over-inflation is a GOOD thing?? Hmm, the same person that said that the over-inflation in CA during the dot-com boom was bad? |
NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? |
"basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. So....you actually think over-inflation is a GOOD thing?? Hmm, the same person that said that the over-inflation in CA during the dot-com boom was bad? If you read the article from the Naples Daily News that I posted yesterday, you'll see that it's not "over-inflation". It's simple supply and demand. The demand for a home in paradise is higher than a home in Snellville...and that's why our housing prices are higher. |
"basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? |
NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? |
"basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. |
"NOYB" wrote in message ink.net... "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. Asslicker must feel compelled to prove how stupid he is. Real estate brokers and real estate transactions are some of the most regulated business in any state. On the other hand, asslicker probabyl assumes that everybody stretches the truth like he does. |
NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. So......awhile ago, you counted out anything in Collier county that wasn't in Naples, then you redefined what constituted "Naples", now you are quoting a Collier county appraiser.... You certainly know how to spin, don't you....good little republican. |
"basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. So......awhile ago, you counted out anything in Collier county that wasn't in Naples, then you redefined what constituted "Naples", now you are quoting a Collier county appraiser. The CC appraiser's office has public records online. They're the same records that are available he http://www.clerk.collier.fl.us/clerk...Reflection.htm The only difference is that the appraiser's office shows *both* the appraised value (for tax purposes), *and* the recent sales price history of the property. |
NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. So......awhile ago, you counted out anything in Collier county that wasn't in Naples, then you redefined what constituted "Naples", now you are quoting a Collier county appraiser. The CC appraiser's office has public records online. They're the same records that are available he http://www.clerk.collier.fl.us/clerk...Reflection.htm The only difference is that the appraiser's office shows *both* the appraised value (for tax purposes), *and* the recent sales price history of the property. And I've given many websites that contradict you. |
"basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. So......awhile ago, you counted out anything in Collier county that wasn't in Naples, then you redefined what constituted "Naples", now you are quoting a Collier county appraiser. The CC appraiser's office has public records online. They're the same records that are available he http://www.clerk.collier.fl.us/clerk...Reflection.htm The only difference is that the appraiser's office shows *both* the appraised value (for tax purposes), *and* the recent sales price history of the property. And I've given many websites that contradict you. No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. The same house just a few down from me just sold for $1.25 million. You get a pretty different picture of housing values when you compare data from 1997 (or even 2000) to today's prices. If you want *current* house price values, then watch the closed real estate transactions page in the Naples Daily News...or go to the public records site. It's not rocket science. Even a draftsman can figure it out. |
"Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. |
NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. So......awhile ago, you counted out anything in Collier county that wasn't in Naples, then you redefined what constituted "Naples", now you are quoting a Collier county appraiser. The CC appraiser's office has public records online. They're the same records that are available he http://www.clerk.collier.fl.us/clerk...Reflection.htm The only difference is that the appraiser's office shows *both* the appraised value (for tax purposes), *and* the recent sales price history of the property. And I've given many websites that contradict you. No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. The same house just a few down from me just sold for $1.25 million. You get a pretty different picture of housing values when you compare data from 1997 (or even 2000) to today's prices. If you want *current* house price values, then watch the closed real estate transactions page in the Naples Daily News...or go to the public records site. It's not rocket science. Even a draftsman can figure it out. What YOU pay, and what YOU do has no reflection. I fully realize that you are living in an over-inflated area. I'm glad you like that. Now, you can leverage yourself right out of existance for all I care. But, then again, as the used car salesman of the medical field and fleecing the old folks out of there life savings seems to be a reputable way to make a living to you. |
"NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. |
"P. Fritz" wrote in message ... "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. ;-) In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. |
P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to make up for the interest he's assumed. |
NOYB wrote: "P. Fritz" wrote in message ... "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. ;-) In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. Safest, and best return are two different things. |
"basskisser" wrote in message oups.com... P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to make up for the interest he's assumed. The homestead law is part of the Florida Constitution. The benefit is that my assets are 100% protected against creditors, and against any lawsuits that might be levied against me. http://www.findarticles.com/p/articl...39/ai_n6044335 As for the interest write-off... I'm paying a school loan for 30 years with no interest deduction. I'm paying the latter half of a 10-year business loan with diminishing interest deductibility. The wild appreciation in my home will allow me to consolidate those two debts, free up almost $4000/mo in after-tax money, and get a large write-off each year for tax purposes. Plus, I get the added benefit of parking my boat in my backyard. |
"Harry Krause" wrote in message ... NOYB wrote: In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. Perhaps you are over the qualifying income levels? Nope. I'm an S-Corp. I take a good portion of my salary as a distribution. If I'm close to losing a deduction due to exceeding an income threshold, I have the option at the end of the year to make a large purchase for the office, deducting it as a Section 179 expense, and effectively lowering my income for the year. |
"basskisser" wrote in message ups.com... NOYB wrote: "P. Fritz" wrote in message ... "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. ;-) In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. Safest, and best return are two different things. Not if you're talking about real estate in Naples. |
"NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. Perhaps you are over the qualifying income levels? Nope. I'm an S-Corp. I take a good portion of my salary as a distribution. If I'm close to losing a deduction due to exceeding an income threshold, I have the option at the end of the year to make a large purchase for the office, deducting it as a Section 179 expense, and effectively lowering my income for the year. Which is why the notion from the liebrals to take the income limits off SS will never work. It will just push more and more people into S-Corps. and distributions. |
"NOYB" wrote in message ink.net... "basskisser" wrote in message ups.com... NOYB wrote: "P. Fritz" wrote in message ... "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. ;-) In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. Safest, and best return are two different things. Not if you're talking about real estate in Naples. Cripes, asslicker must be rnning scared that harry may steal his title. |
NOYB wrote: "basskisser" wrote in message oups.com... P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='make up'; return true;" onmouseout="window.status=''; return true;"make up/a for the interest he's assumed. The homestead law is part of the Florida Constitution. The benefit is that my assets are 100% protected against creditors, and against any lawsuits that might be levied against me. http://www.findarticles.com/p/articl...39/ai_n6044335 As for the interest write-off... I'm paying a school loan for 30 years with no interest deduction. I'm paying the latter half of a 10-year business loan with diminishing interest deductibility. The wild appreciation in my home will allow me to consolidate those two debts, free up almost $4000/mo in after-tax money, and get a large write-off each year for tax purposes. Plus, I get the added benefit of parking my boat in my backyard. I can park my boat in my back yard also. I'm going to be completely debt free in a very few more years. I'd rather invest my money in something other than what I have to pay interest on. |
"basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='make up'; return true;" onmouseout="window.status=''; return true;"make up/a for the interest he's assumed. The homestead law is part of the Florida Constitution. The benefit is that my assets are 100% protected against creditors, and against any lawsuits that might be levied against me. http://www.findarticles.com/p/articl...39/ai_n6044335 As for the interest write-off... I'm paying a school loan for 30 years with no interest deduction. I'm paying the latter half of a 10-year business loan with diminishing interest deductibility. The wild appreciation in my home will allow me to consolidate those two debts, free up almost $4000/mo in after-tax money, and get a large write-off each year for tax purposes. Plus, I get the added benefit of parking my boat in my backyard. I can park my boat in my back yard also. I'm going to be completely debt free in a very few more years. I'd rather invest my money in something other than what I have to pay interest on. I'm borrowing the money at 4.25%. At my tax bracket, and due to the tax write-off, I'm borrowing it at an effective rate of less than 3%. Since waterfront homes are appreciating at least 10-20%/year, that means my return on my investment is anywhere from 7-13% per year. It's not liquid, but it's zero risk. Name one other investment that gives you that kind of return with no risk. |
"NOYB" wrote in message nk.net... "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='make up'; return true;" onmouseout="window.status=''; return true;"make up/a for the interest he's assumed. The homestead law is part of the Florida Constitution. The benefit is that my assets are 100% protected against creditors, and against any lawsuits that might be levied against me. http://www.findarticles.com/p/articl...39/ai_n6044335 As for the interest write-off... I'm paying a school loan for 30 years with no interest deduction. I'm paying the latter half of a 10-year business loan with diminishing interest deductibility. The wild appreciation in my home will allow me to consolidate those two debts, free up almost $4000/mo in after-tax money, and get a large write-off each year for tax purposes. Plus, I get the added benefit of parking my boat in my backyard. I can park my boat in my back yard also. I'm going to be completely debt free in a very few more years. I'd rather invest my money in something other than what I have to pay interest on. I'm borrowing the money at 4.25%. At my tax bracket, and due to the tax write-off, I'm borrowing it at an effective rate of less than 3%. Since waterfront homes are appreciating at least 10-20%/year, that means my return on my investment is anywhere from 7-13% per year. It's not liquid, but it's zero risk. Name one other investment that gives you that kind of return with no risk. You have to look at it from asslicker's perspective......trailer homes don't appreciate, and at a 15% bracket, it just doesn't make that much of a difference :-) But once again he fails Econ 101. what a mar00n |
NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='make up'; return true;" onmouseout="window.status=''; return true;"make up/a'; return true;" onmouseout="window.status=''; return true;"make up/a for the interest he's assumed. The homestead law is part of the Florida Constitution. The benefit is that my assets are 100% protected against creditors, and against any lawsuits that might be levied against me. http://www.findarticles.com/p/articl...39/ai_n6044335 As for the interest write-off... I'm paying a school loan for 30 years with no interest deduction. I'm paying the latter half of a 10-year business loan with diminishing interest deductibility. The wild appreciation in my home will allow me to consolidate those two debts, free up almost $4000/mo in after-tax money, and get a large write-off each year for tax purposes. Plus, I get the added benefit of parking my boat in my backyard. I can park my boat in my back yard also. I'm going to be completely debt free in a very few more years. I'd rather invest my money in something other than what I have to pay interest on. I'm borrowing the money at 4.25%. At my tax bracket, and due to the tax write-off, I'm borrowing it at an effective rate of less than 3%. Since waterfront homes are appreciating at least 10-20%/year, that means my return on my investment is anywhere from 7-13% per year. It's not liquid, but it's zero risk. Name one other investment that gives you that kind of return with no risk. I never said, nor implied that in any other investment, that there isn't risk. But, there IS risk in real estate, no matter what part of the country you are in. |
"basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='make up'; return true;" onmouseout="window.status=''; return true;"make up/a'; return true;" onmouseout="window.status=''; return true;"make up/a for the interest he's assumed. The homestead law is part of the Florida Constitution. The benefit is that my assets are 100% protected against creditors, and against any lawsuits that might be levied against me. http://www.findarticles.com/p/articl...39/ai_n6044335 As for the interest write-off... I'm paying a school loan for 30 years with no interest deduction. I'm paying the latter half of a 10-year business loan with diminishing interest deductibility. The wild appreciation in my home will allow me to consolidate those two debts, free up almost $4000/mo in after-tax money, and get a large write-off each year for tax purposes. Plus, I get the added benefit of parking my boat in my backyard. I can park my boat in my back yard also. I'm going to be completely debt free in a very few more years. I'd rather invest my money in something other than what I have to pay interest on. I'm borrowing the money at 4.25%. At my tax bracket, and due to the tax write-off, I'm borrowing it at an effective rate of less than 3%. Since waterfront homes are appreciating at least 10-20%/year, that means my return on my investment is anywhere from 7-13% per year. It's not liquid, but it's zero risk. Name one other investment that gives you that kind of return with no risk. I never said, nor implied that in any other investment, that there isn't risk. But, there IS risk in real estate, no matter what part of the country you are in. Where's the risk? If it appreciates, I make oodles of money when I sell it, or when I decide to do a reverse mortgage on the new equity. If the housing market collapses, at the very least I get to live in a very nice house until it goes back up. The only people who are taking a risk are the ones who buying the houses purely as investment, and are doing it with short-term interest-only indexed loans with ridiculous rates like 1.5%. When rates start going up, they either have to come up with a lot of cash, a lot more money each month, or they end up with negative amortization (less principal in the house than when they started). Who knows? Maybe I'll decide to sell the house in 10 years for $2.5 million, pay off the original $793,000, move to Snellville, buy your house for a buck and half, and use the remaining $1.5 million for retirement. |
P.Fritz wrote: "NOYB" wrote in message nk.net... "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='a href="http://www.serverlogic3.com/lm/rtl3.asp?si=11&k=make%20up" onmouseover="window.status='make up'; return true;" onmouseout="window.status=''; return true;"make up/a'; return true;" onmouseout="window.status=''; return true;"make up/a for the interest he's assumed. The homestead law is part of the Florida Constitution. The benefit is that my assets are 100% protected against creditors, and against any lawsuits that might be levied against me. http://www.findarticles.com/p/articl...39/ai_n6044335 As for the interest write-off... I'm paying a school loan for 30 years with no interest deduction. I'm paying the latter half of a 10-year business loan with diminishing interest deductibility. The wild appreciation in my home will allow me to consolidate those two debts, free up almost $4000/mo in after-tax money, and get a large write-off each year for tax purposes. Plus, I get the added benefit of parking my boat in my backyard. I can park my boat in my back yard also. I'm going to be completely debt free in a very few more years. I'd rather invest my money in something other than what I have to pay interest on. I'm borrowing the money at 4.25%. At my tax bracket, and due to the tax write-off, I'm borrowing it at an effective rate of less than 3%. Since waterfront homes are appreciating at least 10-20%/year, that means my return on my investment is anywhere from 7-13% per year. It's not liquid, but it's zero risk. Name one other investment that gives you that kind of return with no risk. You have to look at it from asslicker's perspective......trailer homes don't appreciate, and at a 15% bracket, it just doesn't make that much of a difference :-) But once again he fails Econ 101. what a mar00n Man, I LOVE it when you show the world how dumb you are!! This is great. Once again, NOTHING of substance, just childish name calling......typical....Oh, you forgot your other trademark that shows the world that you are simple minded and childish....LMAO |
NOBBY wrote:
In Florida, your home is your safest investment. Yeah, at least Florida doesn't have earthquakes... ... The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. You haven't paid off your school loans yet, and you're floating a mortgage for a $900K home? NOBBY, you're a financial train wreck waiting to happen. Not surprising, really, considering how you come by your opinions & attitudes, but I hope for the sake of your family that you have good life insurance. DSK |
On Tue, 11 Jan 2005 13:41:34 -0500, DSK wrote:
Yeah, at least Florida doesn't have earthquakes... Actually, I'm not sure about that. Many areas are prone to earthquakes, but I've read that no area is immune. It surprises many to learn that Charleston, SC. had a bad quake back in the 1800s, and that the most powerful quake this country has had was centered in Missouri. |
thunder wrote: On Tue, 11 Jan 2005 13:41:34 -0500, DSK wrote: Yeah, at least Florida doesn't have earthquakes... Actually, I'm not sure about that. Many areas are prone to earthquakes, but I've read that no area is immune. It surprises many to learn that Charleston, SC. had a bad quake back in the 1800s, and that the most powerful quake this country has had was centered in Missouri. Absolutely! There is a major fault running through Georgia and South Carolina. And yes, the New Madrid fault has the potential. I've designed towers for electric plants there. Believe me, there pretty stiff! |
DSK wrote: NOBBY wrote: In Florida, your home is your safest investment. Yeah, at least Florida doesn't have earthquakes... Oh, not necessarily. There are deep earth faults that go through Florida. The potential is always there. Slight, but there. ... The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. You haven't paid off your school loans yet, and you're floating a mortgage for a $900K home? NOBBY, you're a financial train wreck waiting to happen. Not surprising, really, considering how you come by your opinions & attitudes, but I hope for the sake of your family that you have good life insurance. DSK Yep, that's our NOYB, risk a nice safe affordable home for his family, all for the sake of keeping up with the Jones'. The used car salesman of the medical field. |
"basskisser" wrote in message oups.com... DSK wrote: NOBBY wrote: In Florida, your home is your safest investment. Yeah, at least Florida doesn't have earthquakes... Oh, not necessarily. There are deep earth faults that go through Florida. The potential is always there. Slight, but there. ... The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. You haven't paid off your school loans yet, and you're floating a mortgage for a $900K home? NOBBY, you're a financial train wreck waiting to happen. Not surprising, really, considering how you come by your opinions & attitudes, but I hope for the sake of your family that you have good life insurance. DSK Yep, that's our NOYB, risk a nice safe affordable home for his family, all for the sake of keeping up with the Jones'. My neighbor's name isn't Jones. He's German. |
"NOYB" wrote in message ink.net... "basskisser" wrote in message oups.com... DSK wrote: NOBBY wrote: In Florida, your home is your safest investment. Yeah, at least Florida doesn't have earthquakes... Oh, not necessarily. There are deep earth faults that go through Florida. The potential is always there. Slight, but there. ... The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. You haven't paid off your school loans yet, and you're floating a mortgage for a $900K home? NOBBY, you're a financial train wreck waiting to happen. Not surprising, really, considering how you come by your opinions & attitudes, but I hope for the sake of your family that you have good life insurance. DSK Yep, that's our NOYB, risk a nice safe affordable home for his family, all for the sake of keeping up with the Jones'. My neighbor's name isn't Jones. He's German. Don't you love it when jealousy rears its head? At a net cost of 3-4%, as long as you can make the payments, it is the best deal in town. |
"NOYB" wrote in message ink.net... My school loan will be rolled into my home loan this April. There's been enough appreciation in the home in just under a year to roll it in and still not have to pay PMI. Very good. Great disability plan too! If money ever gets tight...those Snowbirds are a gold mine for a veteran driller to take advantage of. Somebody better warn them. |
NOYB wrote:
My school loan will be rolled into my home loan this April. That sounds like a good step. ... There's been enough appreciation in the home in just under a year to roll it in and still not have to pay PMI. Means nothing. Unless you can easily pay enough above the debt service to build paid-in equity, plus maintenance, insurance (you know you are in a hurricane belt), and taxes, then your "appreciation equity" is all bubble... and bubbles *always* burst. A whole lot of people in California got a big chunk bitten out of their hides by this beast. But hey, don't listen to me... Not surprising, really, considering how you come by your opinions & attitudes, but I hope for the sake of your family that you have good life insurance. Very good. Great disability plan too! Another good move. DSK |
"Don White" wrote in message ... "NOYB" wrote in message ink.net... My school loan will be rolled into my home loan this April. There's been enough appreciation in the home in just under a year to roll it in and still not have to pay PMI. Very good. Great disability plan too! If money ever gets tight...those Snowbirds are a gold mine for a veteran driller to take advantage of. Somebody better warn them. Always the optimist. Have you ever taken a risk Don or do you wear suspenders and a belt? |
"DSK" wrote in message ... NOYB wrote: My school loan will be rolled into my home loan this April. That sounds like a good step. ... There's been enough appreciation in the home in just under a year to roll it in and still not have to pay PMI. Means nothing. Unless you can easily pay enough above the debt service to build paid-in equity, plus maintenance, insurance (you know you are in a hurricane belt), and taxes, then your "appreciation equity" is all bubble... and bubbles *always* burst. I am paying interest-only on a 5-year fixed at 4.25%. I really can't afford an $825k house (with a conventional mortgage) while I am still paying off my business loan. But if I didn't buy when I did, I'd never be able to afford it. When my loan is paid off (in just under 5 years), I can easily afford such a house. I opted to stretch a little now, and lock in today's price so that when I refinance the mortgage at the end of the 5 years, I *can* afford the house. Otherwise, by the time my business loan is paid off, the house will have once again appreciated out of my range of affordability. I look at like this: I'm effectively renting the house for 5 -years (but with a tax write-off!), and have a purchase option at the end of 5-years to buy at today's price. It works for me because I know that my income will drastically increase just as my home mortgage rate is set to adjust. A whole lot of people in California got a big chunk bitten out of their hides by this beast. But hey, don't listen to me... Those people weren't in the same boat as me. I can afford the interest-only payments now...and will be able to afford any bump in rates 5 years from now when my business loan is paid off. Not surprising, really, considering how you come by your opinions & attitudes, but I hope for the sake of your family that you have good life insurance. Very good. Great disability plan too! Another good move. Not all of us redstaters are dumb .;-) I *hate* the fact that I have to spend as much as I do on insurance...but it sure makes me sleep better at night. |
"DSK" wrote in message ... NOYB wrote: My school loan will be rolled into my home loan this April. That sounds like a good step. ... There's been enough appreciation in the home in just under a year to roll it in and still not have to pay PMI. Means nothing. Unless you can easily pay enough above the debt service to build paid-in equity, plus maintenance, insurance (you know you are in a hurricane belt), and taxes, then your "appreciation equity" is all bubble... and bubbles *always* burst. A whole lot of people in California got a big chunk bitten out of their hides by this beast. But hey, don't listen to me... Not surprising, really, considering how you come by your opinions & attitudes, but I hope for the sake of your family that you have good life insurance. Very good. Great disability plan too! Another good move. DSK The California people have not lost money. May take a little longer to sell, but the prices have not gone down. My youngest daughter bought a condo in SoCal in 2001. $370K. Same model next door sold 6 months ago for $620k. And is not upgraded as hers is. They are dumping a $100k into the unit for remodeling. Since the guy and his partners are realtors, they seem to know a value. Bill |
| All times are GMT +1. The time now is 09:34 AM. |
Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com