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I am just wondering why so many people still have mortgage/rent payments "by necessity" if they're able to inherit paid-for houses from the previous generations. Why can't they sell the last generation's houses to pay off their own?
Because last generation sometimes say "s-crew you I got mine" and then proceeds to sell the house and go down in flames.
I DID say you can have a PAID off house and a net worth of $200. But I CORRECTLY state that net worth is A - L. It's is sad that you and lowerexpectations have almost 2,100 posts between you and CAN NOT figure this out.
Ok, explain how you get A -L = $200 on a paid for house.
I DID say you can have a PAID off house and a net worth of $200. But I CORRECTLY state that net worth is A - L. It is sad that you and lowerexpectations have almost 2,100 posts between you and CAN NOT figure this out.
So is your assumption that a person increased their debt by the same amouny they paid off their mortgage while becoming mortgage free?
I am just wondering why so many people still have mortgage/rent payments "by necessity" if they're able to inherit paid-for houses from the previous generations. Why can't they sell the last generation's houses to pay off their own?
How many houses get passed on generationally do you think? Ever consider generational mobility?
Sorry, just kinfa find your qhestion odd, or you're not asking whatyou really want to ask.
Not everyone inherits anything much less a paid for house. And if you do, you might be splitting proceeds with siblings and receiving much less than the value of the home.
True, but then where do all those paid for houses go when the previous generation passes?
Then try a cheaper place on the immediate West Coast, their summers are just as cool, like Oregon or Washington coasts?
Name one affordable place on the West Coast that has jobs. It's not the East Coast where everything is cheap because of the humidity and hurricanes every year.
Look at Eureka for example. At one time it was a local economic powerhouse until the lumber industry started dying in the 1960s.
Name one affordable place on the West Coast that has jobs. It's not the East Coast where everything is cheap because of the humidity and hurricanes every year.
Look at Eureka for example. At one time it was a local economic powerhouse until the lumber industry started dying in the 1960s.
How about Coos Bay, Oregon? A very old friend of mine actually went there for career reasons.
Name one affordable place on the West Coast that has jobs. It's not the East Coast where everything is cheap because of the humidity and hurricanes every year.
Look at Eureka for example. At one time it was a local economic powerhouse until the lumber industry started dying in the 1960s.
Everything cheap on the east coast. Lol
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