John,
Since you are making corrections to Basskisser's post, shouldn't his email
address be "


"John H" wrote in message
...
On 2 Mar 2005 12:04:43 -0800, wrote:


P.Fritz wrote:
"JimH" wrote in message
...

wrote in message
ups.com...
Here's the real life example:
I paid $825k for the current home on the water.
The last house to sell just like mine sold for $1.225m.
After realty and closing costs, I'd clear about $360k

I sold my old house for $560k last year (not on the water)
The last house to sell like my old one just sold for $625k.
If I bought the new house for $625k, after closing costs, I'd be
in it
for
under $650.


So I would net a quarter of a million dollars if I sold my current
home
and
bought my old one again.


That's profit, right?


*****************

No, it's merely the reorganization of numbers on the asset side of
your
balance sheet. Even if your house was in investment, you haven't
realized a gain until you sell it. Your neighbor's sale didn't put
any
money in your pocket. You need the house to live in. The amount of
money the house is worth is meaningless, as long as you are going
to
personally consume the asset by taking it for exclusive use.

The good news is that if the average income in Nipples doubles in
the
next couple of years, (is that likely?) your $1.2mm pad will be
"worth"
$2.4mm. The bad news is that if you sell the one you've got, and
don't
elect to lower your standard of housing, you'll simply have a
higher
number attached to an asset you don't have the flexiblity to sell.

Now, it you had purchased *two* or more homes for $825k and sold
oneof
more of them for $1.225, that $400k spread would indeed be gross
profit. You'd probably walk off with about $300k net after
commissions, cap gains taxes, local conveyance taxes, etc. Selling
your
personal house, and immediately replacing it with one costing as
much
or more, does not create "profit".



Round and round we go...where it stops nobody knows.

I wonder if he agrees with asslicker that schnapps is
whiskey...........it
make as much sense.


I wonder if you'll ever answer my question to you, you low life scum
bag.

I think 'low life' should be hyphenated when used in this manner, i.e.,
"...you
low-life..." Also, I believe 'scum bag' is, in fact, one word, i.e.,
'scumbag'.

Other than that, your post was quite well written.


John H

"All decisions are the result of binary thinking."

On Wed, 2 Mar 2005 17:53:33 -0500, "Dr. Jonathan Smithers, MD Phd."
wrote:

John,
Since you are making corrections to Basskisser's post, shouldn't his email
address be "


"John H" wrote in message
.. .
On 2 Mar 2005 12:04:43 -0800, wrote:


P.Fritz wrote:
"JimH" wrote in message
...

wrote in message
ups.com...
Here's the real life example:
I paid $825k for the current home on the water.
The last house to sell just like mine sold for $1.225m.
After realty and closing costs, I'd clear about $360k

I sold my old house for $560k last year (not on the water)
The last house to sell like my old one just sold for $625k.
If I bought the new house for $625k, after closing costs, I'd be
in it
for
under $650.


So I would net a quarter of a million dollars if I sold my current
home
and
bought my old one again.


That's profit, right?


*****************

No, it's merely the reorganization of numbers on the asset side of
your
balance sheet. Even if your house was in investment, you haven't
realized a gain until you sell it. Your neighbor's sale didn't put
any
money in your pocket. You need the house to live in. The amount of
money the house is worth is meaningless, as long as you are going
to
personally consume the asset by taking it for exclusive use.

The good news is that if the average income in Nipples doubles in
the
next couple of years, (is that likely?) your $1.2mm pad will be
"worth"
$2.4mm. The bad news is that if you sell the one you've got, and
don't
elect to lower your standard of housing, you'll simply have a
higher
number attached to an asset you don't have the flexiblity to sell.

Now, it you had purchased *two* or more homes for $825k and sold
oneof
more of them for $1.225, that $400k spread would indeed be gross
profit. You'd probably walk off with about $300k net after
commissions, cap gains taxes, local conveyance taxes, etc. Selling
your
personal house, and immediately replacing it with one costing as
much
or more, does not create "profit".



Round and round we go...where it stops nobody knows.

I wonder if he agrees with asslicker that schnapps is
whiskey...........it
make as much sense.


I wonder if you'll ever answer my question to you, you low life scum
bag.

I think 'low life' should be hyphenated when used in this manner, i.e.,
"...you
low-life..." Also, I believe 'scum bag' is, in fact, one word, i.e.,
'scumbag'.

Other than that, your post was quite well written.


John H

"All decisions are the result of binary thinking."


I was commenting only on the grammar, not the content!


John H

"All decisions are the result of binary thinking."

P.Fritz wrote:
"Dr. Jonathan Smithers, MD Phd." wrote in message
...
Bassy,
You need to tell NYOB that you call them mobile home communities.

Asslicker needs to 'man enough' to live up to his word regarding
posting to
this NG

What word IS that Fritz? Please show where I ever said anything
"regarding posting to this NG". Can you? Your mental condition is
concerning me. That is just another example of things that pop into
your head with absolutely NO basis of fact.
How's the kid? Is that usenet support group helping you cope with
having to be man enough to raise it?

JimH wrote:
wrote in message
oups.com...

JimH wrote:
wrote in message
ups.com...

JimH wrote:
wrote in message
oups.com...


DELTETED BY CHUCK:
First of all, the quality of your argument is diminished with
your
childess
munipulation of the name of the city of Naples. It is Naples,
not
Nipples.
Grow up Chuck.

Secondly, you have to look at the end result of the real estate
process.
Let us compare owning vs. renting.

Example (real life) I have $30,000:
EXAMPLE 1:

If purchasing a house: I buy a 4 bedroom house for $150,000,
putting
$30,000 down. I owe the bank $120,000 and I put nothing into
the
house over
the years I own it other than the mortgage payment.

I then sell that house for $250,000, yielding $75,000 net after
commision,
payments to the bank and expenses. My initial investment was
$30,000. I
now have $75,000.

I then buy a house for $350,000, putting the entire $75,000
down.
I
owe the
bank $275,000 and I put nothing into the house over the years I
own
it other
than the mortgage payment.

I then sell that house for $450,000, yielding $133,000 net
after
commision,
payments to the bank and expenses. My intial investment was
$30,000.
I now
have $133,000

I downsize and look back at that $150,000 starter home I once
owned.
It is
now selling for $300,000. I buy it, put down my $133,000 in
down
payment and
thus owe the bank $167,000.

I eventually sell the house and move into a retirement
community
(paid for
by my insurance). The house sells for $325,000. After
expenses
and
commisions I net $155,000. My initial investment was $30,000.

I yielded a net profit of $125,000 on a $30,000 investment,
*and*
I
had ZERO
living expenses over all those years.


EXAMPLE 2:

If renting a house/apartment: A $30,000 investment over 30
years
at
at 5%
rate of return would yield a return of $130,000.

With an average cost of rental housing over 30 years for a 4
bedroom
apartment @ $000/month (a very low average) of $180,000, I
yield a
a
net
loss of -$50,000.

Compare to that the ownership scenario and realize almost a
$1000,000
return.

RESULTS:

A net profit of $100,000 to own.

A net loss of $50,000 to rent.

The difference....$150,000 over 30 years on a $30,000 ownership
investmet.

My scenarios were very conservative.

Real estate is not an investment? Bull****. You know
absolutely
nothing
about real estate Chuck.


***************

Funny, you would have thought I might have learned at least
something
after all these years.
I've bought and sold a total dozens of investment properties
since
the
early 70's, as well as several non investment primary
residences.
My
primary current income is from rents and royalties. Real
estate
can
be
an *excellent* investment, but your personal house is not an
investment
property in the most accurate sense of the word.

Even if you could sell your left leg, that wouldn't make in
an
"investment". You need it. Just like you need your house. If
the
food
in your kitchen cupboards doubled in price, you wouldn't be
any
richer
unless you could get by without eating. As soon as you sold
your
"appreciated" food you would need to spend an equal amount to
replace
it.

Summing up: Real estate = investment. Primary residence=
housing
expense.

This is ever so typical.

a. You delete the majority of my reply.

b. You make up things and present them as facts, then surround
your
entire
argument around those made up *facts.

c. You delete sections of the post you respond to then twist
the
facts as
they were originally presented.

Dispute the facts all you want Chuck. The facts show that you
are
wrong.

BTW: Get over it, stop whining and move on.

At least he's not a proven liar like you, Jim. It's a damned
shame
that
you and your two circle jerk buddies have resorted to the lowest
of
the
low, in that you choose to knowingly post lies about other
people,
in
order to bolster your pathetic egos.


Glad to see you survived your week in detox ok.

Yet another lie from JimH. The most prolific liar on usenet. Please
show what you know about me EVER being "in detox". What a good for
nothing ****ing liar you are.

How is your marijuana crop this year?

What "marijuana crop", Jim? Please show any evidence you have that
I
have one. Another ****ing lie, from the ****ing liar. What a nasty
little piglet you are. By the way, my wife's doing fine, and she
likes
to go fishing with me on my boat.


The one you planted after your order from Heaven's Stairway
arrived...remember?

Please show have that proves that I have a "marijuna crop", Jim. Are
you really that ****ing stupid????

If not, try this to refresh your memory: http://tinyurl.com/6kllf

And that Heaven's Stairway site is located he
http://www.hempqc.com/

So how good of crop did you have last year?

What crop, Jim? Please, tell all what you know, you no good liar. By
the way, my wife is wanting to go fishing in my boat...is yours?

NOYB wrote:
wrote in message
oups.com...

Joe wrote:
wrote in message
oups.com...

Yeah, how DID that happen, when you've stated here that you have
an
interest only mortgage? Not only did you NOT pay cash, you're
not
even
paying down the balance.

LOL!

You really do get dumber by the day.

Really? You don't think that NOYB has an interest only mortgage?

That's not why he called you stupid. He called you stupid because
you
failed to realize that you can build equity in a house even when you
don't
pay down the principal...and then turn around and apply that equity
as a
downpayment on your next house.

Where to hell did I EVER say that you couldn't build equity in a house
with an interest only loan?? BUT, the fact remains, if you pay down the
PRINCIPAL, you are still better off, because interest is just what it
is, your cost for borrowing money. The principal is the net worth of
the house.

P.Fritz wrote:
"NOYB" wrote in message
link.net...

wrote in message
oups.com...

NOYB wrote:
wrote in message
ups.com...
NOYB wrote:

Chuck is the first person that I've heard say that a home in a
rapidly
appreciating real estate market is *not* a good investment.

****************************

I'm seriously surprised.

Your house is a house. It's not an investment. Sky high and
soaring
housing prices are only a good thing if you own other real
estate
in
addition to your primary home. You can have your home, (which
you
need), or the money tied up in it, but not both.

When you cash out an "investment" your options in life should
increase
substantially. When you cash out your house, you get to live in
a
yurt.

But a really, really nice yurt.

Of course, I could retire to Snellville, buy an entire trailer
park,
and
still put a million in my pocket.

Really? How many "trailer parks" are there in Snellville, GA? Do
you
want the answer?


Besides yours?

You'd think that asslicker would be stuffed to the gills with all the
dough
balls you've thrown him.

You'd think the liar Fritz would be stuffed from all of the **** he's
eaten from his asshole buddies.

JimH wrote:
wrote in message
ups.com...

P.Fritz wrote:
"Dr. Jonathan Smithers, MD Phd." wrote in
message
...
Bassy,
You need to tell NYOB that you call them mobile home
communities.

Asslicker needs to 'man enough' to live up to his word regarding
posting to
this NG

What word IS that Fritz? Please show where I ever said anything
"regarding posting to this NG". Can you? Your mental condition is
concerning me. That is just another example of things that pop into
your head with absolutely NO basis of fact.
How's the kid? Is that usenet support group helping you cope with
having to be man enough to raise it?


What was that you recently said about bringing ones family into the
discussion?

Like I said, when you are in slop with the pigs, you tend to act like
the pigs.

JimH wrote:
wrote in message
ups.com...

P.Fritz wrote:
"Dr. Jonathan Smithers, MD Phd." wrote in
message
...
Bassy,
You need to tell NYOB that you call them mobile home
communities.

Asslicker needs to 'man enough' to live up to his word regarding
posting to
this NG

What word IS that Fritz? Please show where I ever said anything
"regarding posting to this NG". Can you? Your mental condition is
concerning me. That is just another example of things that pop into
your head with absolutely NO basis of fact.
How's the kid? Is that usenet support group helping you cope with
having to be man enough to raise it?


What was that you recently said about bringing ones family into the
discussion?

Now, are you going to answer the questions I asked you? What evidence
do you have that I smoke pot? That I "have a crop". Hell, you
collective assholes have even alluded that I smoke pot with my kids.
Stop and think about the lies you've posted here about me, Jim. Think.

On Thu, 03 Mar 2005 08:27:20 -0500, Harry Krause
wrote:


Bass:

Fritz is an idiot. You know it, I know it, and everyone else knows it.
He has no redeeming value here. So...why not just put him in your bozo
bin and be done with the fool? Let him rant on.

Excellent advice. Both sides of the debate could and should use it.
If you let the childish tactics of the "other side" drive you crazy,
it's your own fault for not filtering the offenders out. The old
saying about good fences make good neighbors could be changed to good
filters make good news groups.

bb

John H wrote:
On 2 Mar 2005 12:03:46 -0800, wrote:


I wonder if you'll ever be man enough to quit acting like a spoiled
little ****ing child. What a pathetic crumb of **** you are.


basskisser, a while back this post was made:
************************************************** ******
On 2 Mar 2005 06:54:20 -0800, wrote:


John H wrote:

Here we go again. B'assikisser, it *was* kind of nice not having
you
around for
a while.

Some find it nice when YOU aren't around.

John, a few simple questions for you. Do you find it acceptable to
knowingly post lies about other people? Do you think someone who
does
so should be thought of as a person of integrity? Do you think that
someone who does this does so possibly because they've failed in
life,
and need to bolster their ego? Do you think that a person would do
such
things should should be taken seriously? Do you further think that
someone who has strange, untrue, unfactual ideas just pop into their
head (ie: thinking I beat my wife), as mentally stable?

Is this like the SAT?

basskisser, you're simply making your hole bigger. If you don't want
to read the
comments written by others, then *kill file* them. That's how easy it
is!

In answers to your questions (in order of the questions): No, so I
don't do it,
and I'm not sure that others do, unless they are making a statement
on a subject
about which I am knowledgeable. No, if they *knowingly* told a lie.
No, I don't
believe that lying is an indication of life failure or ego
bolstering. I believe
that lying will be detrimental to a person's ego. No, I don't think
liars should
be taken seriously (you should know this by now!). I don't think a
super
imagination is an indicator of a lack of mental stability.

Now. No one has said you beat your wife,

Hmm, so you think, that if someone asks "do you STILL beat your wife",
that that wouldn't conotate a lie???? Now, notice, John, he didn't ask
IF I had ever beat my wife. If he had, I would have answered. But,
being how Fritz isn't very bright, he IMPLICATED me, which is a total
lie. Do you condone that behavior? Do you think someone who would
implicate me in a total fabrication would have integrity?

nor smoke pot,
Not true. Jim has, several times. Go look. Fritz even accused me of
smoking pot with my kids. Go look again. Jim has accused me of growing
pot, of growing pot with my kids' knowledge, of buying seeds on the
internet, of having a "crop" of pot, and on and on. All lies. Do you
condone his lying about such? Do you think a person that would post
such lies would have integrity?

nor do nasty things with
your kids,

Nobody said "nasty things". See above.

nor live in a trailer,

Again, Smithers, and NOYB have, without any facts.

nor any of the other multitude of things with
which you take issue.

Again, I see that you apparently don't understand "implication". It is
a lawfully binding statement, so, that in turn means that those three
are nothing short of liars.