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I assume when someone owns a house outright, they feel secure for life, the land is theirs, the house is theirs, the air space I assume is theirs?
Does that same feeling apply when you own your condo apartment outright? Or if you lost all your money and couldn't pay for the maintenance, they could kick you out of your apartment? Or what are some other worst case scenarios?
Home/house has taxes. Don't pay them and see what happens.
Being debt free feels a hell of a lot better than owing.
Those people who think they own a home when there's a mortgage should think again.
> Being debt free feels a hell of a lot better than owing.
agree, being a debtor is for losers on my book
> "Those people who think they own a home when there's a mortgage should think again."
Those people who think they own anything when there's taxes for holding onto that "ownership" should think again.
Notadmin, You can't do much about taxes. Debt on the other hand is something one can effect.
Renting doesn't mean you're debt-free. You've got an interest-only loan from the LL of the apartment's value.
If you're paying a low rate of interest for a lease term, then good, but you're still a debtor.
the effecting of debt..
Sometimes I'll go into debt to buy shares of sprint. When the shares double then I can pay the loan back and have a million dollar left over.
Retarded ppl who can't earn more than 3% should own homes..... Raise of hands who is retarded. I'll put down Riversider as a yes.
Nwt. A stoooopid re masturbator as one can imagine. If the LLwants to subsidize my housing.... So be it.
The value of anything is based on the opportunity cost of the next best alternative.
Next retarded question.
What's the next sprint?
>Sometimes I'll go into debt to buy shares of sprint.
100% contradicts what you said this weekend.