The Born Loser by Art and Chip Sansom for April 17, 2012
April 16, 2012
April 18, 2012
Transcript:
Brutus: I remember the day we made our final mortgage payment...
Brutus: We were so happy to only have to pay for taxes and utilities from then on!
Brutus: Sigh...ONLY? Little did we know!
Let’s talk about tax inequity. I moved due to job change, and rent out the home I own in one county (MS). The taxes on it are the same without homestead exemption as they are in the county I now live in with homestead…no way to win.
More and more financial advisers and experts seem to (imo) be extolling the benefits of renting over owning, especially in our current financial environment.
I’ve been a homeowner and a renter and I gotta say, I don’t think I’ll ever buy again. I like having the freedom to move to whatever neighborhood and town I feel like it when my lease is up and I love having to not have to worry about hiring plumbers, landscapers, and repair people when something goes wrong. Also, I don’t have to buy appliances!!! But every person and their goals are unique so I wouldn’t rule out home ownership for everyone.
pouncingtiger over 12 years ago
They must live in New Jersey.
Agent54 over 12 years ago
If I keep moving on I will never see the day of the end of mortgages. Mobile life of employment, follow dat job market.
bbadenov over 12 years ago
It must be wonderful for Mr. Obama that he has reached his goal of having energy prices “skyrocket”. Hey Brutus, I feel your pain!
Smiley Rmom over 12 years ago
Don’t forget the insurance. Even if you aren’t required to have it, when you don’t have a mortgage, if a disaster strikes, you’ll wish you had it.
Bob. over 12 years ago
Then you have to fight with the insurance company.
jppjr over 12 years ago
Let’s talk about tax inequity. I moved due to job change, and rent out the home I own in one county (MS). The taxes on it are the same without homestead exemption as they are in the county I now live in with homestead…no way to win.
angelfiredragon over 12 years ago
Property tax is why you can’t really own your land, your basically renting it from the government. If you fail to pay your “rent” they will evict you.
Nicole ♫ ⊱✿ ◕‿◕✿⊰♫ Premium Member over 12 years ago
More and more financial advisers and experts seem to (imo) be extolling the benefits of renting over owning, especially in our current financial environment.
I’ve been a homeowner and a renter and I gotta say, I don’t think I’ll ever buy again. I like having the freedom to move to whatever neighborhood and town I feel like it when my lease is up and I love having to not have to worry about hiring plumbers, landscapers, and repair people when something goes wrong. Also, I don’t have to buy appliances!!! But every person and their goals are unique so I wouldn’t rule out home ownership for everyone.
Yukoneric over 12 years ago
Omaha, NE is a STOOOOOPID place in which to reside. My $428 in MO would be over $2800 per year there.