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Old 06-28-2018, 11:09 PM
 
33,046 posts, read 20,772,595 times
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Quote:
Originally Posted by Ginge McFantaPants View Post
Both families do indeed exist. We’re Family B, while our neighbors are Family A. I have no idea if they are legally married, but they refer to themselves as husband and wife. As far as the income being the same, it’s quite simple: only one of their incomes is on the books and straddling the poverty line, and they have the bare minimum deductions. While we have FICA, health insurance, pension and 403B contributions, union dues, as well as dependent care flexible spending account contributions being deducted.

So family A is scamming the system. Got it.
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Old 06-28-2018, 11:10 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
4,126 posts, read 3,420,764 times
Reputation: 5660
Quote:
Originally Posted by freemkt View Post
1) Populated places do not allow you to place trailers on your own land. It's called zoning. If you wanna live in a trailer you have to place it in a park or move it to the boondocks.
Life is all about choices and compromises.
You should be like everyone else and give a little to get a little.
Live in the boondocks.
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Old 06-28-2018, 11:19 PM
 
5,242 posts, read 2,393,121 times
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Quote:
Originally Posted by aslowdodge View Post
Life is all about choices and compromises.
You should be like everyone else and give a little to get a little.
Live in the boondocks.
No, the boondocks has “degraded internet” which would make it impossible for one to make $100k/year.
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Old 06-28-2018, 11:29 PM
 
33,046 posts, read 20,772,595 times
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Quote:
Originally Posted by aslowdodge View Post
So does a house

Condos come with condo associations which work like HOAs.

SOME houses come with HOA baggage, some do not. I've never lived in a house subject to an HOA.
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Old 06-28-2018, 11:37 PM
 
33,046 posts, read 20,772,595 times
Reputation: 8928
Quote:
Originally Posted by TaxPhd View Post
No, the boondocks has “degraded internet” which would make it impossible for one to make $100k/year.

Au contraire, haven't you seen the TV commercials? I don't need streaming, so speed isn't a big concern. As long as I can get to eBay, I'm good.
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Old 06-28-2018, 11:51 PM
 
Location: Raleigh NC
7,808 posts, read 6,160,374 times
Reputation: 6919
this is a fantastic troll job, to the extent that enough people believe there to be serious consideration and thought given to the position.

heck, I plead guilty to trying to actually discuss the inanity with them.
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Old 06-29-2018, 12:06 AM
 
33,046 posts, read 20,772,595 times
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Quote:
Originally Posted by PamelaIamela View Post
I would like to see a reference to the original article and the study that supports the OP claims.
National Homeownership Month? What is it actually? if not an organized effort on the part of realtors to promote their own agenda. So do these claims surprise anyone?

I suggest we take such 'statistics' with two pounds of salt until they are replicated by an agency with no dog in the fight.

Apparently those stats I cited came originally from Harvard's Joint Center for Housing Studies, and later used by NAR and by HuffPo:

Take the Joint Center of Housing Studies at Harvard University’s 2013 report, “Re-examining the Social Benefits of Homeownership after the Foreclosure Crisis.” Among the findings of the Harvard study were the following conclusions:

Compared to children of renters (of the same age, income, race, etc.), children of homeowners:
• Are 25% more likely to graduate from high school
• Are 116% more likely to graduate from college
• Have 9% higher math scores
• Have 7% higher reading scores
• Are 59% more likely to own a home within 10 years of moving from their parents’ household

https://www.huffingtonpost.com/garri...b_7465858.html

Last edited by freemkt; 06-29-2018 at 12:15 AM..
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Old 06-29-2018, 12:14 AM
 
33,046 posts, read 20,772,595 times
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Quote:
Originally Posted by aslowdodge View Post
you've already admitted that landlords simply pass on costs to renters. Thus taxes, ins, etc goes up, rent goes up as rent inflation. If you are the homeowner your costs went up so you are not immune to that rent inflation.
security in that you own your house and all the sunk money and and earthquake can take it away. Doesn't sound to secure. Neighborhood or economy goes south and you house goes down in value and you can't sell it and you are stuck. not so secure. If you rent simply move.

Try again.

But if you are a homeowner, in most states you enjoy a preferential property tax rate lower than the rate on rental property. e.g. in Michigan, the school tax rate on rental property is 4x the rate on owner-occupied homes. The school prop tax on a typical rental house is >$1,000 more than on an owner-occupied home.

Michigan also has a cap on annual property tax increases, plus an option for voters to override the cap. So voters (homeowner majority) vote to override the cap on rental prop taxes, but
NEVER vote to override the cap on their own property taxes.

Also, rents typically rise even if there is no property tax increase, so when homeowner costs stay the same, rents usually go up anyway.
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Old 06-29-2018, 12:26 AM
 
Location: southern california
55,237 posts, read 72,506,936 times
Reputation: 47458
A bit lopsided in reasoning
So if all the dysfunctional families with lousy credit are given ridiculous loans for homes they can’t afford -this will bump up their kids chances of success in the world ????
Sounds a lot to me like the social promotion programs that take place in the schools
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Old 06-29-2018, 01:04 AM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
4,126 posts, read 3,420,764 times
Reputation: 5660
Quote:
Originally Posted by freemkt View Post
But if you are a homeowner, in most states you enjoy a preferential property tax rate lower than the rate on rental property. e.g. in Michigan, the school tax rate on rental property is 4x the rate on owner-occupied homes. The school prop tax on a typical rental house is >$1,000 more than on an owner-occupied home.

Michigan also has a cap on annual property tax increases, plus an option for voters to override the cap. So voters (homeowner majority) vote to override the cap on rental prop taxes, but
NEVER vote to override the cap on their own property taxes.

Also, rents typically rise even if there is no property tax increase, so when homeowner costs stay the same, rents usually go up anyway.
Hmmmm. Ever consider that if taxes stay the same insurance can go up. How about if the property had an adjustable rate loan that is increasing? Or a ballon. Or maybe a new roof is needed?
As a homeowner I will get lower taxes with the exemption. A whopping $250, about a 5% savings.
Btw on all my rentals taxes and insurance went up each of the last 3 years along with repairs. My rents have not gone up.
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