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View Poll Results: Which of the following makes you more likely to spend money?
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Your home's value increases by 20% a year wages stay flat
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1 |
5.56% |
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Your wages increase by 20% a year and your home stays at same price
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13 |
72.22% |
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Wages increase by 20% and your home decreases by 20%
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4 |
22.22% |
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home value increases by 20% and your wages decrease by 20%
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0 |
0% |
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02-21-2007, 09:43 AM
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Location: Heartland Florida
9,324 posts, read 24,784,760 times
Reputation: 4969
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Just curious, which of these make you feel more wealthy, the value of your home goes up or your wages go up?
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02-21-2007, 09:54 AM
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Location: Port St. Lucie and Okeechobee, FL
1,305 posts, read 5,196,450 times
Reputation: 1100
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I can't spend any increase in the value of my home until I sell it; the increase is on paper, only.
Because I'm retired, I mentally translated your reference to "wages" as "income".
I still couldn't vote, because there are two answers that refer to income going up. My response would be, I might spend more if my income went up; it doesn't matter what happens to my house value. {edit} OK, I voted for wages going up and house value going down; that's the worst case scenario with regard to home value.
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02-21-2007, 09:59 AM
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Location: Heartland Florida
9,324 posts, read 24,784,760 times
Reputation: 4969
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The word wages does refer to income, including retitrement, investment returns, anything taxable by IRS. Like you I agree, home values are nothing but air till sold, it's the money in my wallet that matters.
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02-21-2007, 11:49 AM
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Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 13,354,621 times
Reputation: 1016
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This is why I voted for an increase in wage or income. Considering ill be buying an inexpensive house, even a 20% increase in the house value arent that much. Ill just get slapped with higher property taxes anyway. Plus it dont matter till I sell the house and its value can go back down. Wages I can invest with capital gains  |
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02-22-2007, 01:42 PM
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3,042 posts, read 8,342,095 times
Reputation: 1163
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missing one line
wages(salary in my case) increased by 25% and my home value increased bye 33%
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02-22-2007, 02:24 PM
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Location: Scottsdale, AZ
4,472 posts, read 16,073,243 times
Reputation: 4075
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Quote:
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wages(salary in my case) increased by 25% and my home value increased bye 33%
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He was asking what makes you feel rich. You and I are not rich but what gives you the perception of feeling like you have $$$? |
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