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Old 06-30-2018, 09:11 AM
 
33,046 posts, read 20,772,595 times
Reputation: 8928

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Quote:
Originally Posted by Zymer View Post
That's bullshizzle. I started my computer business in a 3' x 5' closet.

You need to change your alias. You don't understand the free market, and you don't understand that having the drive to succeed despite obstacles is what makes successful people what they are.

All you have are excuses for why you can't do it. And that's all you will have, until you stop making excuses and blaming your failure on everything else, except for the true cause- *you*.

And where did you put your printer and scanner? And your physical product? And your shipping supplies?
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Old 06-30-2018, 09:12 AM
 
33,046 posts, read 20,772,595 times
Reputation: 8928
Quote:
Originally Posted by aslowdodge View Post
really maybe it is 2 economies. Those that work hard and those that don't or at all.

Also those who work hard for crap wages, which doesn't make them prosperous.
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Old 06-30-2018, 09:15 AM
 
33,046 posts, read 20,772,595 times
Reputation: 8928
Quote:
Originally Posted by joejerryronnie View Post
The original post should have read:

Things I learned from National Homeownership Month:

- Children with parents who make sound financial and family decisions, plan ahead, do not succumb to instant gratification, and work to build good credit, are more likely to graduate from highschool & college, have higher test scores and higher family net worths.

Oh yeah, they also happen to own more homes.

Sound financial decisions not needed - some homeowners inherited or were gifted their homes.
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Old 06-30-2018, 09:17 AM
 
33,046 posts, read 20,772,595 times
Reputation: 8928
Quote:
Originally Posted by KathrynAragon View Post
People don't need to be enabled.

They do if they want to gain wealth sitting in their home. Try doing THAT with rent.
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Old 06-30-2018, 09:18 AM
 
11,441 posts, read 5,901,355 times
Reputation: 21185
Quote:
Originally Posted by freemkt View Post
There's something about buying a home that gives people some inexplicable sense of entitlement...

Yep. I'm entitled to the privacy one gets when they own a single family home. Like most places, my town has things like noise ordinances to preserve that privacy. If a neighbor has a wild party at 2am with the music cranked, all my neighbors would call the cops and the noise would quickly stop.


I'm entitled to pay homeowner's insurance that goes up every year.
I'm entitled to pay property taxes that go up every year.
I'm entitled to pay all the maintenance costs a renter wouldn't pay.


If I were trying to optimize for wealth accumulation, I wouldn't own a home. I'd rent the smallest, cheapest studio apartment I could find and invest the difference. Owning a home is the way you spend discretionary income to improve your quality of life. My house is way nicer than anything I could rent and I flung $200K+ at remodeling to make the house what I wanted. Every penny of that was discretionary spending that didn't add much to the value of the house.
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Old 06-30-2018, 09:24 AM
 
33,046 posts, read 20,772,595 times
Reputation: 8928
Quote:
Originally Posted by Thatsright19 View Post
As always freemarket, your problems are due to a lack of time management and a complete lack of understanding of opportunity cost.

If you spent half the time you spend looking into irrelevant local laws and other garbage, you could be living your best quality of life.

You’re a prime example of:

https://www.goodreads.com/quotes/884...rth-because-it

As for books that were never written, I'm working on a book. About 60% done.

What sucks about big projects is that - unless you're already flush with cash - you have to go through a lot of lean times before your finished product has any payoff.

Sometimes I wonder how J.K. Rowling felt before the money rolled in.
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Old 06-30-2018, 09:25 AM
 
33,046 posts, read 20,772,595 times
Reputation: 8928
Quote:
Originally Posted by GeoffD View Post
Yep. I'm entitled to the privacy one gets when they own a single family home. Like most places, my town has things like noise ordinances to preserve that privacy. If a neighbor has a wild party at 2am with the music cranked, all my neighbors would call the cops and the noise would quickly stop.


I'm entitled to pay homeowner's insurance that goes up every year.
I'm entitled to pay property taxes that go up every year.
I'm entitled to pay all the maintenance costs a renter wouldn't pay.


If I were trying to optimize for wealth accumulation, I wouldn't own a home. I'd rent the smallest, cheapest studio apartment I could find and invest the difference. Owning a home is the way you spend discretionary income to improve your quality of life. My house is way nicer than anything I could rent and I flung $200K+ at remodeling to make the house what I wanted. Every penny of that was discretionary spending that didn't add much to the value of the house.

Wow, with all those hassles and expenses, why don't you sell your home and rent? And you can do better than a small cheap studio apartment - rent an 8 x 8 room.
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Old 06-30-2018, 09:30 AM
 
33,046 posts, read 20,772,595 times
Reputation: 8928
Quote:
Originally Posted by SportyandMisty View Post
That would not be in my best interest.

Class warfare? Two Americas?
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Old 06-30-2018, 09:32 AM
 
33,046 posts, read 20,772,595 times
Reputation: 8928
Quote:
Originally Posted by SportyandMisty View Post
Educational outcome of children correlates even higher with IQ of children which correlates even higher with IQ of the biological parents.

Are you saying that homeowner parents have higher IQ than renter parents of the same age, race, and income?
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Old 06-30-2018, 12:00 PM
 
15,403 posts, read 8,704,829 times
Reputation: 13783
Quote:
Originally Posted by freemkt View Post
There's something about buying a home that gives people some inexplicable sense of entitlement...
I don't think entitlement means what you think it means.

Entitlement is demanding that you be able to purchase a piece of property, that is not zoned for that use, just because you think you should have it.
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