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Re: NEEEED!
From: John Ashburne (jashburneaol.com)
Date: Thu, 10 Sep 2015 15:55:05 -0700 (PDT)
The unfortunate reality is that the vast majority of people need a mortgage to be able to own a home these days. With average home price of $200k (and 4-5x higher in some markets) and median income of $50k, it would take many, many years to pay cash for a house without the benefit of a subsidy, either from the tax deductibility or from a trust fund.   

Of course, maybe people could pick rich parents or marry someone who did. 😀

John

Sent from my ATT Bell Rotary Dial Phone

On Sep 10, 2015, at 6:43 PM, Matt Boyd <ferrari308driver [at] gmail.com> wrote:

I actually favor a flat tax or consumption tax and favor no deduction type things such as mortgage interest deductions. That said, I'll take advantage of the opportunity while it is available!

On Sep 10, 2015 6:37 PM, "John Ashburne via Ferrari" <ferrari [at] ferrarilist.com> wrote:
Market "inequalities" are good. Equal outcomes are not good. 

John

Sent from my ATT Bell Rotary Dial Phone

On Sep 10, 2015, at 6:04 PM, Erik Nielsen <judge4re [at] gmail.com> wrote:

Subsidies are just a form redistribution, I'm not a fan of market inequalities.

Sent from my iPad

On Sep 10, 2015, at 4:58 PM, Fellippe Galletta <fellippe.galletta [at] gmail.com> wrote:

Well for those of us who still put our pants on one leg at a time, the US Government does subsidize our mortgage interest. It's a tax shelter found in no other capitalist society I can think of, and it should be of benefit to all, even those in the 1%.

People have gone so far to trash debt that even real estate debt....the good debt.... is suddenly seen as cavalier, irresponsible spending. Ridiculous.

On Thu, Sep 10, 2015 at 5:46 PM, Erik Nielsen <judge4re [at] gmail.com> wrote:
What's a mortgage?  You mean people don't pay cash for houses?  Guess I've screwed up...

Sent from my iPad

On Sep 10, 2015, at 4:40 PM, Rick Moseley <ramosel [at] pacbell.net> wrote:

Dang, my garage is bigger than that.... and I'm getting ready to build another.

But, for me its not the size of the house, but the mortgage.   Having a zero mortgage is the greatest of feelings.  I can't tell you what a relief it is to have no house payment on the last two homes.   Call me a prepper if you want, but I'm getting ready to put huge solar/generator project into motion with 4 days of autonomy with no sunlight....  3 Tesla cells...   then I can tell the power company to pound sand.  I'll be grid tied but not dependent.   Septic, well...  now if I can just get a fracking site on the mountain side for fuel.  If not, I have 20,000 trees.

Rick

From: Charles Perry <charles [at] carolina-sound.com>
To: Rick Moseley <ramosel [at] pacbell.net>
Cc: "ferrari [at] ferrarilist.com" <ferrari [at] ferrarilist.com>
Sent: Thursday, September 10, 2015 8:50 AM
Subject: Re: [Ferrari] NEEEED!

Same here. We’re at 2200 sq ft and still have one bedroom that we don’t need – it ends up as a big closet. More space is just more to clean, more to heat and cool, more to fill with stuff we don’t really need. She’d rather have a big barn and a small house and I’d rather have a big garage and a small house. So far she’s winning, but at least I have my office warehouse for cars… J
 
She’s actually pretty fascinated with the tiny house movement (like 4-800 sq ft), but I don’t see that working with two of us and five big dogs.
 
 


From: Ferrari [mailto:ferrari-bounces+charles=carolina-sound.com [at] ferrarilist.com] On Behalf Of Erik Nielsen
Sent: Thursday, September 10, 2015 11:44 AM
To: Charles Perry
Cc: ferrari [at] ferrarilist.com
Subject: Re: [Ferrari] NEEEED!
 
That's what mine is, not counting the screened in porch and the four car garage.  Perfect for our needs.
 
On Thu, Sep 10, 2015 at 10:41 AM, Clyde Romero <clyderomerof4 [at] bellsouth.net> wrote:
Yep you are correct 
The 2400 Sq ft house is the deal 
Clyde Romero
 
If you have no enemies
You have no character ! 
 
In Victory you deserve Champagne
In Defeat You Need It!
If you obey all the rules
You miss all the fun !
 
 
 
 
 

On Sep 10, 2015, at 11:01 AM, Erik Nielsen <judge4re [at] gmail.com> wrote:
Most of the high income peers that I have that are younger than me are foregoing bigger houses, they are travelling a lot more and eating out more.  Even the guys that are 10 years older than me are heavily questioning the need for starter castles.  I've got one friend with a 6000 sqft house that doesn't even go upstairs any more.  Times they are a changing....
 
On Wed, Sep 9, 2015 at 11:46 PM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:
"...This is where millennials may be on to something in that they tend to be less interested in owning big houses or expensive cars and more interested in experiential spending. Big implications for the market economy of the future. 
 
John"

That's because the Millennials can't afford the big homes and fast cars! No use getting worked up over something you can never have/afford.

"...When you are lying on your deathbed, what will you remember more, the things you owned or the things you did?..."

Hopefully both!

Peter
Date: Wed, 9 Sep 2015 18:17:57 -0400
Subject: Re: [Ferrari] NEEEED!
From: ferrari [at] ferrarilist.com
CC: ferrari [at] ferrarilist.com
To: dino308gt4 [at] hotmail.com
IIRC, Hemingway did NONE of those three...

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