The edit-able house thread
Posted: Sat Feb 07, 2015 2:09 pm
We left off with our hero AArdvark moving into his new house in October.....
Tdarcos wrote:These pictures courtesy of
THE SOON TO BE OR ALREADY IN
MASSIVE DEBT AND/OR CHAPTER 11
AARDVARK
Well, he happened to do quite well in this case.ICJ wrote:Vark just added about $50,000 of value to the house he bought.Tdarcos wrote:These pictures courtesy of
THE SOON TO BE OR ALREADY IN
MASSIVE DEBT AND/OR CHAPTER 11
AARDVARK
First, most home repairs return only about 70% of the amount of the investment, with kitchens doing better at perhaps 80-85%. Now, over a long period of time - usually 10 years - you can make back the investment as prices go up. Most people tend to move or refinance about every 3 to 5 years, so the odds are they don't manage to recover all of the costs involved. Also, if prices don't go up or don't go up much, repairs often don't do that much to increase the price.ICJ wrote:Do you understand anything about anything? You clearly don't. He could flip that house tomorrow and make a profit.
Exactly where and when have I ever made, or even implied, such a thing? I simply state my opinions; do not think I have ever claimed any special extra knowledge of anything except on the two subjects I do know from experience, notarization of documents and computer programming.ICJ wrote:For someone of professes to know everything about every topi-- every NOUN in the world,
Technically home ownership is not truly "good debt," which is defined as debt taken on for an income producing purpose. Buying a house to either fix it up and resell it based on the increased value, or to rent it out for more than expenses, is "good debt." Buying a house to live in it yourself is a consumption expense.ICJ wrote:the concept of good debt has amazingly eluded you.
"There is no "try," there is only do, or not do." - Master YodaICJ wrote:I'm trying to not give you a hard time, but you basically started it in the Wireless thread.
I think you quoted Jackie Chan quoting Yoda.Tdarcos wrote:"There is no "try," there is only do, or not do." - Master Yoda