Post AXktC7CnBihW2PKkGu by Evillarry@noagendasocial.com
 (DIR) More posts by Evillarry@noagendasocial.com
 (DIR) Post #AXktC6BgyKE6shoLuy by tsn_says@noagendasocial.com
       2023-07-16T14:50:58Z
       
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       Perhaps houses are the only asset that only go up in value.
       
 (DIR) Post #AXktC7CnBihW2PKkGu by Evillarry@noagendasocial.com
       2023-07-16T14:57:17Z
       
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       @tsn_says depends if you mortgage it or pay in cash.
       
 (DIR) Post #AXkvuPGRbfK2hFHzZA by AlabamaHokie@noagendasocial.com
       2023-07-16T14:58:38Z
       
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       @tsn_says they don't go up.  they hold the line with inflation over enough time.  example:  my grandma buys a home 50 years ago for $20k in Denver.  Sold a while ago for $600K.  I thought wow great investment.  She lived there for 50 years.  but using 7% inflation, that's just keeping with inflation.  1.07^50 * $20k  = $600k.
       
 (DIR) Post #AXkvuQRpCq1IMpcawa by GluedToTheScreen@noagendasocial.com
       2023-07-16T15:27:42Z
       
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       Let me see... ... break even on the investment side AND a home to live in for 50 years.Could be worse.@AlabamaHokie @tsn_says
       
 (DIR) Post #AXlBwvFhFI17kdA2xE by AlabamaHokie@noagendasocial.com
       2023-07-16T18:27:26Z
       
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       @GluedToTheScreen @tsn_says break even is horrible, you have to beat inflation.  open up a spreadsheet and estimate taxes, insurance and maintenance.  How much was it to mow that damned lawn for 50 years?  Seriously?  How many mowers and gas, and then once too old you have to pay someone.  Now, what about all the other endless junk...  water heaters, paint, roof (X3), carpet and on and on and on...  it's never simple