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Real Estate
Reply to "Remember all the dorks spamming last year real estate was going to crash?"
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[quote=Anonymous][quote=Anonymous] Exactly. The [i]real[/i] financial benefit to owning a home is locking in the price you pay for shelter for the next 30 years. As your income (hopefully) increases over time, the share that goes to shelter payments decreases. Then, after 30 years, you just have to pay taxes and insurance.[/quote] Not entirely true. That’s a myth. What you pay for shelter is never locked. Your property taxes will increase, so will your insurance. My PITI was $2800 six years ago when I bought. I now pay $3200. Higher property value -> higher taxes + insurance. [/quote]
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