A few things I did not see mentioned. Maybe because I saw a lot of dumbass answers and started to skim but never the less, here are some things to consider.
#1- simple math, the economy only dictates short term value fluctuation not long term. Think about it, each year the population increases and that will not stop. The earth, however, does not increase with it so just by that math land (property) will increase in value.
#2- you are able to claim the interest you pay on your mortgage on your income taxes. Each year when we file, my wife and I get back around $13,000 on our refund JUST from our taxes we deduct. We put $10k of it in an IRA every year and let em keep growing so that way when our mortgage is on the last 10 years of its life and we are paying more toward principal than interest we will have about $150,000 we can add to our 401k when we retire.
#3- speaking of retirement, start thinking about it. Dont be ignorant little assholes and think everything will just work itself out because it won't. You need to make it happen. So if you dont get your asses in gear you will be on fixed income using almost all of it to pay rent for some shithole appartment eating beefaroni cuz its all you can afford while i drive around in my golf cart smoking premium grass on my way to shuffleboard.
#4- you can do whatever the fuck you want on your own property.
#5- you can do whatever the fuck you want on your own property.
#1- simple math, the economy only dictates short term value fluctuation not long term. Think about it, each year the population increases and that will not stop. The earth, however, does not increase with it so just by that math land (property) will increase in value.
#2- you are able to claim the interest you pay on your mortgage on your income taxes. Each year when we file, my wife and I get back around $13,000 on our refund JUST from our taxes we deduct. We put $10k of it in an IRA every year and let em keep growing so that way when our mortgage is on the last 10 years of its life and we are paying more toward principal than interest we will have about $150,000 we can add to our 401k when we retire.
#3- speaking of retirement, start thinking about it. Dont be ignorant little assholes and think everything will just work itself out because it won't. You need to make it happen. So if you dont get your asses in gear you will be on fixed income using almost all of it to pay rent for some shithole appartment eating beefaroni cuz its all you can afford while i drive around in my golf cart smoking premium grass on my way to shuffleboard.
#4- you can do whatever the fuck you want on your own property.
#5- you can do whatever the fuck you want on your own property.
Malloy must go