| Should you rent or should you buy a home? That is | | | | But there is more to consider... when you purchase a |
| obviously a question only you can answer but with all | | | | home you basically lose your ability to relocate quickly |
| the hype about home ownership and equity | | | | because of the obstacles associated with listing the |
| appreciation I thought I would offer up a few thoughts | | | | home, finding a qualified buyer, selling, etc. That's good |
| contrary to mainstream thinking so carefully crafted | | | | for the government, they get the tax and they know |
| and cultivated by our government and real estate | | | | where you are located. Speaking of tax, you can pay |
| industry. | | | | off your mortgage and still never really own the home |
| First, a quick overview of some key words: "Real | | | | because you will always pay taxes. |
| estate" is a derivative from the words "Royal Estate" | | | | How do real estate taxes benefit your bottom line? |
| which was a term used way back in time when the | | | | What do you really get out of insurance? Insurance |
| European feudal system was used. You know, when | | | | protects the lender...and it's nice to have IF something |
| people use to farm the land of the rich landowners | | | | were to happen. But statistically it probably won't or |
| and get a small slice of the crops for their efforts? I | | | | the insurance companies wouldn't insure you. |
| am not a history buff but you get the idea. And | | | | Don't forget the government's ability to take your |
| "Mortgage" is a derivative of the word "Morgue" or, in | | | | property away under eminent domain. They just |
| so many fancy words "Debt to death". My | | | | changed that law so the rich who have a better use |
| understanding is that way back in the old days, the | | | | for your property than you do can steal it from you |
| government (composed of wealthy landowners) | | | | legally. Which means to me, that a person pays and |
| decided they could make more money by "selling" the | | | | pays and pays and pays and never really owns their |
| land (Royal Estate) to people. How? By providing an | | | | home. |
| interest earning loan to them in the form of a | | | | And let's not forget about those catastrophic home |
| (Morgue-deed). The rich government also decided they | | | | repairs like roof, HVAC systems, sewage, etc. |
| could further benefit themselves by "taxing the | | | | And there is no guarantee that a home will |
| property" they sold to these poor people. Then, these | | | | appreciate...all it takes is a massive layoff in a |
| same rich people decided to make it a law that people | | | | geographical area to wipe out property values. |
| had to "insure" these properties to protect the wealthy. | | | | So the next time you hear the president brag about |
| So what you have is: | | | | increasing in" home ownership" in America or the next |
| The wealthy people own the land (Royal estate) | | | | time you hear about "owning a home is the American |
| The wealthy people convince the poor to buy the | | | | dream" you'll have a slightly different perspective. |
| property on credit to death (Mortgage) | | | | It's the American dream all right! It's the American |
| The wealthy people who held all the money forced the | | | | dream for the government, the rich, the real estate |
| poor to (insure) the real estate (Did I mention the | | | | industry, the mortgage lenders and the insurance |
| wealthy just so happen to own the insurance | | | | companies. But...the little person? |
| companies too?) | | | | Like I said in the opening paragraph of this |
| The wealthy people who comprise the government | | | | article--home ownership is something only you can |
| then (taxed) the poor slobs that bought into this | | | | decide. But does it make sense to rent and invest your |
| program! | | | | money into stock, something that has equally |
| Real estate = debt to death (30 years) + interest + | | | | impressive growth potential without all the liabilities, risks |
| tax + insurance. Or to look at it another way: | | | | and limitations? |
| Asset = liability + liability +liability +liability. Now ask | | | | Just some food for thought.... |
| yourself is this in the best interest of the poor slobs | | | | Want a FREE real estate Ebook? Click on the Smart |
| buying the property or the wealthy landowners? Aha! | | | | Books link and ask, we'll ship it to you warp speed. |
| A new perspective! | | | | |