NOYB wrote:
"Jim," wrote in message
...
wrote:

wrote:

All this mobile home stuff is extremely amusing. It says a lot
about
the people who
make fun of mobile home living and mobile home dwellers.

Specifically: For the majority of Americans, the only six-figure

asset

they own or will ever own is the building they live in. They laugh

and

scratch with glee as "sold" signs pop up throughout their

neighborhoods

and go to great lengths to confirm the rumors about the latest
astronomical selling prices.

In many middle class communities, "equities" now approach
7-figures.

One small problem: If the only thing of any real value you own is

your

house- you don't really own anything. You have to sell your house
to
get the money, and if you sell you will have to buy another that
is
equally overpriced and tie your money up again. Yipping and
clapping
over the value of your home merely shows that you don't mind
paying
high taxes and that you don't understand the nature of wealth.

Of course you can always free up your money by passing away. You
will
no longer need a building to live in and your heirs will thank
your
very much.....

But don't take too long to die, as you may be required to sell
that
house and spend nearly all of the proceeds on your medical care to
become impoverished enough for free health care. (In that case,
your
heirs might sneak into the nursing home and pull the plug before
you
completely drain the well).

Etiher that, or you could sell and move to a mobile home. :-)


Oh, I know a few people who are quite content to not invest all of
their equity into a home. One for instance, lives on Lake Lanier
in an
old house boat he bought for $20k.
But, you must understand the likes of JimH, Fritz, Smithers, and
now
NOYB has stooped to their low level. Apparently they have such low
self
esteem, that they must constantly perpetuate lies about other
people,
in order to feel like they are worth something to society.


Might be time to point out that my cousin paid $300,000 for a
triple wide
(on his own land) in CA about a year ago. They don't call them
trailers
there, but when they come in sections on a truck......

I saw on the Travel Channel where some mobile homes in California
overlooking the Pacific were selling for $800k to a couple of
million. But
we're talking about Snellville, GA...not California.

Why are you talking about Snellville, GA? And, did you know that there
are more mobile homes in Collier County, FL, than in DeKalb County, GA?

On 1 Mar 2005 09:05:26 -0800, wrote:

All this mobile home stuff is extremely amusing. It says a lot about
the people who
make fun of mobile home living and mobile home dwellers.

Specifically: For the majority of Americans, the only six-figure asset
they own or will ever own is the building they live in. They laugh and
scratch with glee as "sold" signs pop up throughout their neighborhoods
and go to great lengths to confirm the rumors about the latest
astronomical selling prices.

In many middle class communities, "equities" now approach 7-figures.

One small problem: If the only thing of any real value you own is your
house- you don't really own anything. You have to sell your house to
get the money, and if you sell you will have to buy another that is
equally overpriced and tie your money up again. Yipping and clapping
over the value of your home merely shows that you don't mind paying
high taxes and that you don't understand the nature of wealth.

Of course you can always free up your money by passing away. You will
no longer need a building to live in and your heirs will thank your
very much.....

But don't take too long to die, as you may be required to sell that
house and spend nearly all of the proceeds on your medical care to
become impoverished enough for free health care. (In that case, your
heirs might sneak into the nursing home and pull the plug before you
completely drain the well).

Etiher that, or you could sell and move to a mobile home. :-)

No one has made fun of mobile home dwellers or mobile home living.

John H

"All decisions are the result of binary thinking."

"John H" wrote in message
...
On 1 Mar 2005 09:05:26 -0800, wrote:

All this mobile home stuff is extremely amusing. It says a lot about
the people who
make fun of mobile home living and mobile home dwellers.

Specifically: For the majority of Americans, the only six-figure asset
they own or will ever own is the building they live in. They laugh and
scratch with glee as "sold" signs pop up throughout their neighborhoods
and go to great lengths to confirm the rumors about the latest
astronomical selling prices.

In many middle class communities, "equities" now approach 7-figures.

One small problem: If the only thing of any real value you own is your
house- you don't really own anything. You have to sell your house to
get the money, and if you sell you will have to buy another that is
equally overpriced and tie your money up again. Yipping and clapping
over the value of your home merely shows that you don't mind paying
high taxes and that you don't understand the nature of wealth.

Of course you can always free up your money by passing away. You will
no longer need a building to live in and your heirs will thank your
very much.....

But don't take too long to die, as you may be required to sell that
house and spend nearly all of the proceeds on your medical care to
become impoverished enough for free health care. (In that case, your
heirs might sneak into the nursing home and pull the plug before you
completely drain the well).

Etiher that, or you could sell and move to a mobile home. :-)




No one has made fun of mobile home dwellers or mobile home living.


What other investment can be made (as an individual) for as little as 0%
down, that is historically an appreciating asset, where the cost of
financing (as well as taxes on it) are deductible?

Chuck is sounding jealous, like a typical liebral.







John H

"All decisions are the result of binary thinking."

P.Fritz wrote:
"John H" wrote in message
...
On 1 Mar 2005 09:05:26 -0800, wrote:

All this mobile home stuff is extremely amusing. It says a lot
about
the people who
make fun of mobile home living and mobile home dwellers.

Specifically: For the majority of Americans, the only six-figure
asset
they own or will ever own is the building they live in. They laugh
and
scratch with glee as "sold" signs pop up throughout their
neighborhoods
and go to great lengths to confirm the rumors about the latest
astronomical selling prices.

In many middle class communities, "equities" now approach
7-figures.

One small problem: If the only thing of any real value you own is
your
house- you don't really own anything. You have to sell your house
to
get the money, and if you sell you will have to buy another that is
equally overpriced and tie your money up again. Yipping and
clapping
over the value of your home merely shows that you don't mind paying
high taxes and that you don't understand the nature of wealth.

Of course you can always free up your money by passing away. You
will
no longer need a building to live in and your heirs will thank your
very much.....

But don't take too long to die, as you may be required to sell that
house and spend nearly all of the proceeds on your medical care to
become impoverished enough for free health care. (In that case,
your
heirs might sneak into the nursing home and pull the plug before
you
completely drain the well).

Etiher that, or you could sell and move to a mobile home. :-)




No one has made fun of mobile home dwellers or mobile home living.


What other investment can be made (as an individual) for as little as
0%
down, that is historically an appreciating asset, where the cost of
financing (as well as taxes on it) are deductible?

Chuck is sounding jealous, like a typical liebral.

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







John H

"All decisions are the result of binary thinking."

wrote in message
ups.com...


There are many, many investments that have an equal or greater return.

Housing prices have averaged an increase of 17-26% in Naples over the last 6
years. Name a single investment that offered equal or greater return, with
the same level of risk, *and* a tax deduction.

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

wrote in message
ups.com...

P.Fritz wrote:
"John H" wrote in message
...
On 1 Mar 2005 09:05:26 -0800, wrote:

All this mobile home stuff is extremely amusing. It says a lot
about
the people who
make fun of mobile home living and mobile home dwellers.

Specifically: For the majority of Americans, the only six-figure
asset
they own or will ever own is the building they live in. They laugh
and
scratch with glee as "sold" signs pop up throughout their
neighborhoods
and go to great lengths to confirm the rumors about the latest
astronomical selling prices.

In many middle class communities, "equities" now approach
7-figures.

One small problem: If the only thing of any real value you own is
your
house- you don't really own anything. You have to sell your house
to
get the money, and if you sell you will have to buy another that is
equally overpriced and tie your money up again. Yipping and
clapping
over the value of your home merely shows that you don't mind paying
high taxes and that you don't understand the nature of wealth.

Of course you can always free up your money by passing away. You
will
no longer need a building to live in and your heirs will thank your
very much.....

But don't take too long to die, as you may be required to sell that
house and spend nearly all of the proceeds on your medical care to
become impoverished enough for free health care. (In that case,
your
heirs might sneak into the nursing home and pull the plug before
you
completely drain the well).

Etiher that, or you could sell and move to a mobile home. :-)




No one has made fun of mobile home dwellers or mobile home living.


What other investment can be made (as an individual) for as little as
0%
down, that is historically an appreciating asset, where the cost of
financing (as well as taxes on it) are deductible?

Chuck is sounding jealous, like a typical liebral.

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







John H

"All decisions are the result of binary thinking."

"P.Fritz" wrote in message
...

"John H" wrote in message
...
On 1 Mar 2005 09:05:26 -0800, wrote:

All this mobile home stuff is extremely amusing. It says a lot about
the people who
make fun of mobile home living and mobile home dwellers.

Specifically: For the majority of Americans, the only six-figure asset
they own or will ever own is the building they live in. They laugh and
scratch with glee as "sold" signs pop up throughout their neighborhoods
and go to great lengths to confirm the rumors about the latest
astronomical selling prices.

In many middle class communities, "equities" now approach 7-figures.

One small problem: If the only thing of any real value you own is your
house- you don't really own anything. You have to sell your house to
get the money, and if you sell you will have to buy another that is
equally overpriced and tie your money up again. Yipping and clapping
over the value of your home merely shows that you don't mind paying
high taxes and that you don't understand the nature of wealth.

Of course you can always free up your money by passing away. You will
no longer need a building to live in and your heirs will thank your
very much.....

But don't take too long to die, as you may be required to sell that
house and spend nearly all of the proceeds on your medical care to
become impoverished enough for free health care. (In that case, your
heirs might sneak into the nursing home and pull the plug before you
completely drain the well).

Etiher that, or you could sell and move to a mobile home. :-)




No one has made fun of mobile home dwellers or mobile home living.


What other investment can be made (as an individual) for as little as 0%
down, that is historically an appreciating asset, where the cost of
financing (as well as taxes on it) are deductible?

Chuck is sounding jealous, like a typical liebral.

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.

"NOYB" wrote in message
link.net...

"P.Fritz" wrote in message
...

"John H" wrote in message
...
On 1 Mar 2005 09:05:26 -0800, wrote:

All this mobile home stuff is extremely amusing. It says a lot about
the people who
make fun of mobile home living and mobile home dwellers.

Specifically: For the majority of Americans, the only six-figure asset
they own or will ever own is the building they live in. They laugh and
scratch with glee as "sold" signs pop up throughout their neighborhoods
and go to great lengths to confirm the rumors about the latest
astronomical selling prices.

In many middle class communities, "equities" now approach 7-figures.

One small problem: If the only thing of any real value you own is your
house- you don't really own anything. You have to sell your house to
get the money, and if you sell you will have to buy another that is
equally overpriced and tie your money up again. Yipping and clapping
over the value of your home merely shows that you don't mind paying
high taxes and that you don't understand the nature of wealth.

Of course you can always free up your money by passing away. You will
no longer need a building to live in and your heirs will thank your
very much.....

But don't take too long to die, as you may be required to sell that
house and spend nearly all of the proceeds on your medical care to
become impoverished enough for free health care. (In that case, your
heirs might sneak into the nursing home and pull the plug before you
completely drain the well).

Etiher that, or you could sell and move to a mobile home. :-)




No one has made fun of mobile home dwellers or mobile home living.


What other investment can be made (as an individual) for as little as 0%
down, that is historically an appreciating asset, where the cost of
financing (as well as taxes on it) are deductible?

Chuck is sounding jealous, like a typical liebral.

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 also forgot to mention the ability to claim a large chunk of your capital
gain tax free upon sale.

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.

P. Fritz wrote:

What other investment can be made (as an individual) for as little as
0%
down, that is historically an appreciating asset, where the cost of
financing (as well as taxes on it) are deductible?

Chuck is sounding jealous, like a typical liebral.
************************

Your primary residence is *not* an investment. Many commercial level
financial statements won't even allow you to list the equity in a
primary residence. It isn't an investment because you cannot choose to
do something else with the money without giving up your essential
shelter.

Your additional properties *are* investments, and often rather good
ones. But your domicile is not an investment, no matter how much the
folks who have never saved a dime or created a passive income stream
wish that it were so.