Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Do you look at your home here as an investment? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/do-you-look-your-home-here-investment-241064/)

ColdNoMore 05-16-2017 05:13 PM
Quote:
Originally Posted by Topspinmo (Post 1399439)
We've worked for everything We got, no inheritance, no rich spouse just working and doing right thing. Everything we got paid for and NO credit card debt. Not bad for ******* child? Yes, for us it's big investment. How can 200k plus not be and for some of you 10x more? I expect to at least get most our money back when we sell. I envy you silver spooners that don't think of you home an investment. Must of got lots of free stuff over the years and lived sheltered life to consider what I Call big investment.
When are you planning on selling?

I think you miss the point of most of the posters, that we are here until the end so there is no "selling" that's going to happen...except by our heirs.

And I would bet that almost every single one of us, worked just as hard (if not harder) as yourself, saved/invested just as wisely as you say you did and have never had "silver spoons" or lived "sheltered lives"....to get here. :ohdear:

Jdmiata 05-16-2017 05:50 PM
This is an investment. But not for me , for my son.

rustyp 05-17-2017 05:09 AM
Lucky enough to have two houses. An investment for each of our children. Feels so good that I convinced the old girl it's time to start investing in a bigger boat for them.

Dr Winston O Boogie jr 05-17-2017 05:34 AM
I had two small IRAs that were earning less than 1% per year.

I took one, a Roth IRA and used it for the down payment and the other, a standard IRA is set up to make the monthly payments. I can write off the interest on the mortgage against the taxes due on the standard IRA.

In less than two years my house is worth close to $15,000 more than what I paid for it. I couldn't see the point in leaving that money where it was.

Also, I sold my old house and put that money back into my retirement portfolio.

So I don't look at it as an investment that I'm going to be able to use but it has increased my net worth.

Bay Kid 05-17-2017 06:54 AM
First I look at my home as free rent, then I hope the value will go up by the time I sell.

Topspinmo 05-17-2017 07:06 AM
Quote:
Originally Posted by ColdNoMore (Post 1399447)
When are you planning on selling?

I think you miss the point of most of the posters, that we are here until the end so there is no "selling" that's going to happen...except by our heirs.

And I would bet that almost every single one of us, worked just as hard (if not harder) as yourself, saved/invested just as wisely as you say you did and have never had "silver spoons" or lived "sheltered lives"....to get here. :ohdear:
Unless flop dead of heart attack, life usually ends in nursing home or assisted living. Most will sell.

Worked just as hard or maybe harder? Ask your self few questions. Did you have mother and father,? Was the loving parents. Did you HAVE to work going to high school? Did you get the free ride to college, grants, daddy forked, etc. did you have to work to pay for college or was it paid party time? After college was you set up for job? Last but not least. Have you been leach off your parents. Think about. Just some of the reasons poor people never get ahead and others have the silver spoon. :popcorn:

jnieman 05-17-2017 09:09 AM
Quote:
Originally Posted by graciegirl (Post 1398943)
Many people who move here, more than half, pay outright for their homes. Many will live here until they pass away or enter a place that will assist them in living comfortably.

Do you hope that your home will continue to keep it's value or even become more valuable?

If so why?

We have always looked at our home as an investment that we can enjoy in the present and that will continue to earn money.
We would like to be assured of being able to meet all bills in our lifetime and leave something for our children.

How about you? Do you hope your home will continue to become more valuable, although it may be your last home?
We have owned 9 homes in our marriage. The house here in The Villages has appreciated the most of any of the homes. We paid $199,900 8 years ago and it is now worth around $260,000. We have enclosed our lanai and put in wood floors. We made just $30,000 on our last house and we lived there 20 years.

manaboutown 05-17-2017 10:17 AM
Quote:
Originally Posted by Topspinmo (Post 1399658)
Unless flop dead of heart attack, life usually ends in nursing home or assisted living. Most will sell.

Worked just as hard or maybe harder? Ask your self few questions. Did you have mother and father,? Was the loving parents. Did you HAVE to work going to high school? Did you get the free ride to college, grants, daddy forked, etc. did you have to work to pay for college or was it paid party time? After college was you set up for job? Last but not least. Have you been leach off your parents. Think about. Just some of the reasons poor people never get ahead and others have the silver spoon. :popcorn:
Actually many, many "poor people", i.e., those born and/or raised under deprived/struggling/difficult/financially hard circumstances do get ahead. However, it depends very much on their outlook on life and behavior/conduct. If they study hard, work hard, manage their money and other resources prudently and take sensible investment risks with the money they gradually save over time with a little "luck" they can lead quite successful lives. Over the years I have met or known probably several hundred "successful" people who came from "poor" circumstances.

To me the most remarkable among the people I know who rose from poor circumstances are people who immigrated to our great and wonderful country for the opportunity it affords all. Many of them arrived not able to speak English yet have prospered over time.

pauld315 05-17-2017 12:36 PM
Quote:
Originally Posted by Topspinmo (Post 1399439)
We've worked for everything We got, no inheritance, no rich spouse just working and doing right thing. Everything we got paid for and NO credit card debt. Not bad for ******* child? Yes, for us it's big investment. How can 200k plus not be and for some of you 10x more? I expect to at least get most our money back when we sell. I envy you silver spooners that don't think of you home an investment. Must of got lots of free stuff over the years and lived sheltered life to consider what I Call big investment.
Wow ! To disparage a whole group of people simply because they have a different opinion than you seems a little over the top on this subject. Just to let you know, I grew up dirt poor in a family of 5 with my father never making more than 18K a year, my mother never worked outside the house. My wife's family had seven kids and 2 alcoholic parents, never owned a home and had to do whatever they could to just feed their family. My wife's "inheritance" when her parents passed was 118 dollars. We donated it to charity.

Everything we have we earned, there was nothing for free, there was no silver spoon, there was nobody else paying for college, there was no family business that just took us on.There was nothing.

I don't consider my retirement house an investment. I never plan on selling it , I plan on my kids owning it after we pass but if they want to sell it that is up to them. . All the hard work and all the saving and all the investments and all the sacrifices we made during our lives is what enabled us to buy a retirement home and we are going to enjoy it and our retirement for however long God gives us on this planet.

So, I respect your opinion that your retirement home is an investment, please respect mine.

ColdNoMore 05-17-2017 12:42 PM
Quote:
Originally Posted by Topspinmo (Post 1399658)
Unless flop dead of heart attack, life usually ends in nursing home or assisted living. Most will sell.

Worked just as hard or maybe harder? Ask your self few questions. Did you have mother and father,? Was the loving parents. Did you HAVE to work going to high school? Did you get the free ride to college, grants, daddy forked, etc. did you have to work to pay for college or was it paid party time? After college was you set up for job? Last but not least. Have you been leach off your parents. Think about. Just some of the reasons poor people never get ahead and others have the silver spoon.
Yes, yes, yes, no, yes, no, yes...and no.


Glad to help. :ho:


:wave:

ColdNoMore 05-17-2017 12:44 PM
Quote:
Originally Posted by pauld315 (Post 1399803)
Wow ! To disparage a whole group of people simply because they have a different opinion than you seems a little over the top on this subject. Just to let you know, I grew up dirt poor in a family of 5 with my father never making more than 18K a year, my mother never worked outside the house. My wife's family had seven kids and 2 alcoholic parents, never owned a home and had to do whatever they could to just feed their family. My wife's "inheritance" when her parents passed was 118 dollars. We donated it to charity.

Everything we have we earned, there was nothing for free, there was no silver spoon, there was nobody else paying for college, there was no family business that just took us on.There was nothing.

I don't consider my retirement house an investment. I never plan on selling it , I plan on my kids owning it after we pass but if they want to sell it that is up to them. . All the hard work and all the saving and all the investments and all the sacrifices we made during our lives is what enabled us to buy a retirement home and we are going to enjoy it and our retirement for however long God gives us on this planet.

So, I respect your opinion that your retirement home is an investment, please respect mine.
:BigApplause::BigApplause::BigApplause:

2BNTV 05-17-2017 01:56 PM
I think anyone in their right mind would like to see their home appreciate in value over time.

I will leave it to my son to use, or sell, as he sees fit to do.

For me I am a frog, so I"m here till I croak. :smiley:

I would tend to think buying a second home would fall into the category of using a home as an investment.

TOTV Team 05-17-2017 04:20 PM
Please stay on topic all and nothing politically related in this section.

Bavarian 05-17-2017 04:23 PM
House and Condominium are investments that we live in, though the last not often. Hope Germany does not take it for assylum housing.
Lost money on last house we sold before moving to FL. Hope this one appreciates so if and when we have to move to assisted livinf, we can afforded it. otherwise relatives and charities won't get much. Mostly going to charity.

Heard best idea is to write your last check to IRS and have it bounce.

Topspinmo 05-17-2017 04:51 PM
Quote:
Originally Posted by pauld315 (Post 1399803)
Wow ! To disparage a whole group of people simply because they have a different opinion than you seems a little over the top on this subject. Just to let you know, I grew up dirt poor in a family of 5 with my father never making more than 18K a year, my mother never worked outside the house. My wife's family had seven kids and 2 alcoholic parents, never owned a home and had to do whatever they could to just feed their family. My wife's "inheritance" when her parents passed was 118 dollars. We donated it to charity.

Everything we have we earned, there was nothing for free, there was no silver spoon, there was nobody else paying for college, there was no family business that just took us on.There was nothing.



I don't consider my retirement house an investment. I never plan on selling it , I plan on my kids owning it after we pass but if they want to sell it that is up to them. . All the hard work and all the saving and all the investments and all the sacrifices we made during our lives is what enabled us to buy a retirement home and we are going to enjoy it and our retirement for however long God gives us on this planet.

So, I respect your opinion that your retirement home is an investment, please respect mine.

I don't have to agree with the bunch of people, nor do they have to agree with me. Has nothing to do with respect. There is little respect if disagreements

" Father made up to 18k year". ( guessing you were kid in at least late 50s.?) in the 50s or early 60s that wasn't considered poor, not the silver spoon, but not poor by any means. Has nothing to do with respect. Different people have different outlook on what considered middle class vs the poor based on they're experiences.

Your wife knows what is like. But, still there was money for alcohol? Difference between no extra money than not carrying. Either way if was ruff and painful for her IMO.


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