anaylst states owning a home is a scam

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May 16, 2000
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Realty fee alone is gonna cost him $12,000 - (unless he's a fool and wants to sell himself) so that leaves you with $8000 for 10 years. LOL I just had shake on my roof replaced with Fiber and I get builders prices - $22,000.

Then other repairs and closing costs. No way 10%. period.

Just reroofed here last year (granted, nothing special). Did it myself for about $2500, or could have paid roughly $5000 to have it done by someone else. I'm completely floored by how much some people spend on stuff.
 

Zebo

Elite Member
Jul 29, 2001
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Just reroofed here last year (granted, nothing special). Did it myself for about $2500, or could have paid roughly $5000 to have it done by someone else. I'm completely floored by how much some people spend on stuff.

Our roof would cost $37,000 normally. I got a deal. 230 squares of shake removal, re decking, lots of copper in eves, and Singles - call around. Took 10 Mexicans 2 weeks. This aint a little job by any means.
 
May 16, 2000
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Our roof would cost $37,000 normally. I got a deal. 230 squares of shake removal, re decking, lots of copper in eves, and Singles - call around. Took 10 Mexicans 2 weeks. This aint a little job by any means.

Well, being shake, and so much area, I suppose...but it's still mind-blowing to me. I doubt if there's more than a handful of homes in my entire county that would cost that much. Can't base generalities off of such a minority. Look at the total number of homes in the entire country and average the costs. I'm betting 80%+ are closer to my cost than yours.
 
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Zebo

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Jul 29, 2001
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Well, being shake, and so much area, I suppose...but it's still mind-blowing to me. I doubt if there's more than a handful of homes in my entire county that would cost that much. Can't base generalities off of such a minority. Look at the total number of homes in the entire country and average the costs. I'm betting 80%+ are closer to my cost than yours.

():) Whoops sorry meant bundles. No My house is average ~3800 sqst and neighbor was over 50K to do it.
 
May 16, 2000
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():) Whoops sorry meant bundles. No My house is average ~3800 sqst and neighbor was over 50K to do it.

The average square footage of a home in America is 2300sq', and even that is almost double what it was a mere two decades ago (meaning that for homes made more than 20 years ago, which is most of them, the average is closer to 1900sq').

Home sizes are out of control in this country. With household sizes only half of what they were 40 years ago there's absolutely no excuse for the sizing that passes for average today. It's a HUGE part of the big problems we face (like sprawl, pricing, etc).
 

Ozoned

Diamond Member
Mar 22, 2004
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The average square footage of a home in America is 2300sq', and even that is almost double what it was a mere two decades ago (meaning that for homes made more than 20 years ago, which is most of them, the average is closer to 1900sq').

Home sizes are out of control in this country. With household sizes only half of what they were 40 years ago there's absolutely no excuse for the sizing that passes for average today. It's a HUGE part of the big problems we face (like sprawl, pricing, etc).

I don't need an excuse. I have something much better. Freedom and choice.
 
May 16, 2000
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I don't need an excuse. I have something much better. Freedom and choice.

On an individual level it's perfectly fine. However the impact/damage caused collectively is heinous. Which is why I emphasized the need to not base generalities and policies on narrow demographics or examples. IF we could achieve a proper disconnect between the specifics and the generalities then all would be well. Unfortunately we aren't there (and probably won't be since the decision makers belong to the narrow few).
 

Ozoned

Diamond Member
Mar 22, 2004
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Another odd thing that occurs when you own a home, is that you accumulate stuff.

I have been to a lot of estate sales where the contents, with just normal stuff that people accumulate, will bring $150,000-$200,000.

I have never been to an estate sale, or even heard of one from someone that rents....
 

Ozoned

Diamond Member
Mar 22, 2004
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On an individual level it's perfectly fine. However the impact/damage caused collectively is heinous. Which is why I emphasized the need to not base generalities and policies on narrow demographics or examples. IF we could achieve a proper disconnect between the specifics and the generalities then all would be well. Unfortunately we aren't there (and probably won't be since the decision makers belong to the narrow few).

The alternative to what we have can't be measured. There is not a way to know if there is any impact or damage.
 
May 16, 2000
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The alternative to what we have can't be measured. There is not a way to know if there is any impact or damage.

Of course we do. Home prices are up out of sync with building costs/sizes and out of step with incomes. The measurable result is people unable to pay the mortgages/taxes.

On a smaller note, just look at this thread. Some people are arguing that homes of 4000sq' are an average, and therefore costs of ownership ARE X, therefore home ownership is or is not a good idea. Tracking it back to the article we find that the author is also under numerous false impressions or reaching false conclusions for similar reasons of ignorance. That article will reach millions of viewers who may be influenced by what it says.

The impact/damage is understood in any instance of misinformation or lack of understanding. Even if properly reported, the statistics (such as home sizes) are misleading without a full understanding of all circumstances (like how the size increase are a modern development entirely, and potentially part of a money-extorting scheme by certain capital real estate investors stemming from de-regulation and certain economic theory outlooks).
 

Zebo

Elite Member
Jul 29, 2001
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The average square footage of a home in America is 2300sq', and even that is almost double what it was a mere two decades ago (meaning that for homes made more than 20 years ago, which is most of them, the average is closer to 1900sq').

Home sizes are out of control in this country. With household sizes only half of what they were 40 years ago there's absolutely no excuse for the sizing that passes for average today. It's a HUGE part of the big problems we face (like sprawl, pricing, etc).

Don't disagree but I have others making many decisions for me. I'd be happy in a 20 x 20 square cinder block bunker with a slab so long as I had some land.
 

Zebo

Elite Member
Jul 29, 2001
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Of course we do. Home prices are up out of sync with building costs/sizes and out of step with incomes. The measurable result is people unable to pay the mortgages/taxes.

On a smaller note, just look at this thread. Some people are arguing that homes of 4000sq' are an average, and therefore costs of ownership ARE X, therefore home ownership is or is not a good idea. Tracking it back to the article we find that the author is also under numerous false impressions or reaching false conclusions for similar reasons of ignorance. That article will reach millions of viewers who may be influenced by what it says.

The impact/damage is understood in any instance of misinformation or lack of understanding. Even if properly reported, the statistics (such as home sizes) are misleading without a full understanding of all circumstances (like how the size increase are a modern development entirely, and potentially part of a money-extorting scheme by certain capital real estate investors stemming from de-regulation and certain economic theory outlooks).

Why do you think all the builders and developers are or are going broke? Why am i buying fixers in the 1400-1800 sqft range instead and sitting on lots? Everyone and their brother was building McMansions last 10 years and it's over. Only the small stuff moves now and only because Obama has an extra 8K out there still over extending people. When that ends in April SWHTF IMO coupled with Alts/options and Benny the B gonna raise rates.. Trifecta disaster coming IMO but in the meantime there is some short term deals out there.
 

Zebo

Elite Member
Jul 29, 2001
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Of course all the thieves that backed this sham and scam would say this guy is wrong.

You must have comprehension issues David. Not to many of us said 'wrong' per se the guy is just not considering all factors.
 

Vic

Elite Member
Jun 12, 2001
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The time to tell people not to buy was before the bubble popped, not after.
 

Zebo

Elite Member
Jul 29, 2001
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He said enough to rattle the cage of the scammers.

I can see that annoying "National Association of Realtors" lady coming on TV now saying don't listen to that guy it's not a scam.

http://www.youtube.com/watch?v=Z6R192JOtGs

She's right! with home prices at historical lows, interest rates ~4.5% you think it;s a poor time to buy. I see your problem. You probably bought in 1987, 1999, 2006 and sold in times like these. It's a buyer market. Especially on bank properties. One I got recently had concrete poured into drains ( I loce shit like that) and was totalled out I got for $34K closing on 29th for 129K after putting about 40K into her.
 

Zebo

Elite Member
Jul 29, 2001
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You're rich.

You are not among Americans hurt by any of this you are one of the doing the hurting and profiting from it.

Disgusting

:rolleyes: not hardly last two builds I lost 25K and 55K respectively, fire sale. But I was smart unlike other tards builders I know who just had to have "what they got into it" now they are bankrupt for being hardheaded. Anyone with a job can afford properties I'm talking about. And it's not how much you make but how much you save. Having a little capital doesnt happen by accident. I saved 10% of every paycheck since 13, though service, and even today even when it meant buying 50lbs of rice and beans to eat. Pay yourself first.
 

IndyColtsFan

Lifer
Sep 22, 2007
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He is in the scamming Industry, he would say anything to save his job and scamming Industry.

Your envy and jealousy is out of control. I happen to agree with what he said and have owned two homes myself and would never consider renting.