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92
(((Investors))) (media.scored.co)
posted 1 year ago by Spoonks on scored.co (+0 / -0 / +92Score on mirror )
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7
Feelsgood2020 on scored.co
1 year ago 7 points (+0 / -0 / +7Score on mirror ) 1 child
This is a fun meme and all, but home ownership is a never ending battle of maintenance against the elements that will destroy your house quickly if not addressed.
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NoRefunds2 on scored.co
1 year ago 2 points (+0 / -0 / +2Score on mirror )
Don't forget the property taxes, leasing agent, closing agent fees and the capital gains taxes you pay on your "profit".

Add it all up, you break almost even with inflation.

I know boomers that have had their house since it was $400k, but they pay $13k a year in property tax. After 10 years... $130k in taxes... Their house sells for $900k... That's $45k in in brokerage fees. Then pay the income tax of 40%... Where's all that scalping now?
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