Comments on: Pricks and Mortar

By: Sandy

Sandy — Mon, 06 Aug 2007 22:41:07 +0000

Congrats on the place, here in American people buy for tax reasons otherwise no one would do it. I pay $1300 a month of which I take 1/3 off for taxes leaving me with a payment of less than $900 for a four bedroom house. Rent for this house would be about $1200 with a landlord who could kick me out whenever he decided to sell. So tax breaks and security are the two reasons people buy here, I’m not sure if that would hold true for Europe. I do know people there who had to move when they retired because their rent had gone steadily up through the years (house payments stay the same). I do know people here who work on their places constantly, we only do house upgrades in the winter when it is raining so we actually have a life. If you have to choose between investing in stock and bonds or real estate every accountant I know (including myself) will advise against real estate because the growth is much slower. Now that you have the cave be sure to get the BMW to go with it.

By: Rand

Rand — Fri, 03 Aug 2007 07:15:34 +0000

Do as I say, not as I do. I would be retired by now if it weren’t for having banks as the landlord. Don’t know how we let ourselves get talked into it.

By: Justin

Justin — Fri, 03 Aug 2007 06:53:45 +0000

This is unrelated, but for some reason I always think of you when I’m at an appliance store and see one of these:
http://www.smeguk.com/Catalogue/Product/FAB28UJ4.aspx . I think it’s just the company name in general, reminds me of an old British TV show I used to watch.

By: Justin

Justin — Fri, 03 Aug 2007 06:51:22 +0000

Congrats on the new house and good luck with all the work involved in setting it up. I’m having enough trouble getting everything set up in my new apartment I can only imagine the troubles involved in a house, not to mention the mortgage and everything. Good to see you blogging again!