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Old 01-18-2014, 09:23 AM
 
Location: Sango, TN
24,868 posts, read 24,399,838 times
Reputation: 8672

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I bought a house so I don't have to worry about that. My only landlord is the federal, state, and county government. If I don't pay their rent "taxes" then they will evict me. But it sure is not Wallstreet
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Old 01-18-2014, 09:25 AM
 
Location: Barrington
63,919 posts, read 46,765,593 times
Reputation: 20674
Quote:
Originally Posted by dreamofmonterey View Post

why buy a house? It will never sell in this economy.
Depends on the location of the property and personal circumstances.

My parents were children of the Great Depression. They were ownership adverse and rented. They had shoe boxes of rent receipts and cancelled rent checks after a lifetime of renting.

If someone is looking for optimal ROI, the stock market has outperformed real estate over time.
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Old 01-18-2014, 09:28 AM
 
8,483 posts, read 6,936,194 times
Reputation: 1119
Quote:
Originally Posted by Goinback2011 View Post
Not if you don't have a mortgage.
Still renting, just better perks, depending on where you buy. Sometimes the hidden gotchas make it not worth it. Don't pay that tax or utility bill or many other fees. Plenty of news articles on this.
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Old 01-18-2014, 09:31 AM
 
8,483 posts, read 6,936,194 times
Reputation: 1119
Quote:
Originally Posted by Memphis1979 View Post
I bought a house so I don't have to worry about that. My only landlord is the federal, state, and county government. If I don't pay their rent "taxes" then they will evict me. But it sure is not Wallstreet
You think there is a difference? Who do you think the largest investors and shareholders are?
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Old 01-18-2014, 09:33 AM
 
Location: Maryland
18,630 posts, read 19,427,122 times
Reputation: 6462
Quote:
Originally Posted by Memphis1979 View Post
I bought a house so I don't have to worry about that. My only landlord is the federal, state, and county government. If I don't pay their rent "taxes" then they will evict me. But it sure is not Wallstreet
Your government leverages their revenue (your taxes) by borrowing money from Wall Street. Wall Street is your ultimate landlord. Just ask to good people in Detroit, Stockton and eventually Puerto Rico about that.
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Old 01-18-2014, 09:33 AM
 
Location: Sango, TN
24,868 posts, read 24,399,838 times
Reputation: 8672
Quote:
Originally Posted by CDusr View Post
You think there is a difference? Who do you think the largest investors and shareholders are?
Once my mortgage is paid off, not a damned one. Actually my loan holder is quicken. In Detroit
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Old 01-18-2014, 09:35 AM
 
Location: Barrington
63,919 posts, read 46,765,593 times
Reputation: 20674
Quote:
Originally Posted by Memphis1979 View Post
I bought a house so I don't have to worry about that. My only landlord is the federal, state, and county government. If I don't pay their rent "taxes" then they will evict me. But it sure is not Wallstreet
Your county will sell a tax lien on your property to the highest bidder. As the owner you would have ample opportunity to redeem your property before the owner of the tax lien could proceed with foreclosure, especially in judicial foreclosure states.

Some here seem to take issue when property / tax Liens are sold to the highest bidder.
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Old 01-18-2014, 09:36 AM
 
8,483 posts, read 6,936,194 times
Reputation: 1119
Quote:
Originally Posted by middle-aged mom View Post
So you don't like it when properties are sold to the highest bidder and you don't like it when the admin considered renting out some properties as affordable housing?
I don't recall saying anything you just stated. You are being way too topical and superficial.

Affordable housing and redevelopment is a whole other topic. I am not a fan of PPP's.
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Old 01-18-2014, 09:40 AM
 
11,086 posts, read 8,549,057 times
Reputation: 6392
Quote:
Originally Posted by CDusr View Post
Still renting, just better perks, depending on where you buy. Sometimes the hidden gotchas make it not worth it. Don't pay that tax or utility bill or many other fees. Plenty of news articles on this.
What? That makes no sense.

If you're saying local taxes constitute 'rent', then find a place on the planet with no local taxes. And good luck with that.

Sounds like sour grapes to me.
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Old 01-18-2014, 09:50 AM
 
8,483 posts, read 6,936,194 times
Reputation: 1119
Quote:
Originally Posted by Goinback2011 View Post
What? That makes no sense.

If you're saying local taxes constitute 'rent', then find a place on the planet with no local taxes. And good luck with that.

Sounds like sour grapes to me.
This kind of thing is acceptable to you? There are numerous fees "claimed" to be owed to a govt agency that entitle them to take one's so-called property. I don't recall any grapes either. That isn't even including some of the other ways property can be taken, if someone has plans for it.

$140 sewer bill turns into foreclosure notice and $50000 tab for ...

How Does Someone Lose Their House Over A $474 Water Bill?

The Other Foreclosure Menace
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