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One who makes that much would own a home? Don't be so closed minded, that's why most of you think and imagine it's hard to make a lot of money or think it's gotta be fake. You think cheap you will stay broke. I share my success with the world when I'm out. You achieve and make what you believe. This money is pocket change to many out there so I will continue to work on things to make me rich, in my mind I am already rich. You have people renting homes that cost more a month than your average mortgage out there.
Think small guys and continue to be small, think cheap and continue to always be broke. Live life like it's your last day and money will always come and go.
im not going to derail the thread but if you make 300k and u have luxy car and no properties to save u on taxes some one needs to smack u upside the head lol..
Wrong thinking my friend. While property taxes do help come tax time, it does make a huge difference when you have an extremely low interest rate. Any tax person will tell you that the best way is to own a business and expense most of what you buy for the business or write it off at the end of the year.
I have the subway and rent.. I'm ok with that.
i applaud your thinking but why no car?? mass transit is the absolute worst here in NYC. i guess you use uber too but i bet if you add up your uber bill at the end of the month thats a car paymentWrong thinking my friend. While property taxes do help come tax time, it does make a huge difference when you have an extremely low interest rate. Any tax person will tell you that the best way is to own a business and expense most of what you buy for the business or write it off at the end of the year.
I have the subway and rent.. I'm ok with that.
i applaud your thinking but why no car?? mass transit is the absolute worst here in NYC. i guess you use uber too but i bet if you add up your uber bill at the end of the month thats a car payment
This has got to be one of the dumbest anecdotes I've ever read. I can deduce that you are not in finance.One who makes that much would own a home? Don't be so closed minded, that's why most of you think and imagine it's hard to make a lot of money or think it's gotta be fake. You think cheap you will stay broke. I share my success with the world when I'm out. You achieve and make what you believe. This money is pocket change to many out there so I will continue to work on things to make me rich, in my mind I am already rich. You have people renting homes that cost more a month than your average mortgage out there.
Think small guys and continue to be small, think cheap and continue to always be broke. Live life like it's your last day and money will always come and go.
Please do not applaud this thinking or take any of this away as solid advice.
i applaud your thinking but why no car?? mass transit is the absolute worst here in NYC. i guess you use uber too but i bet if you add up your uber bill at the end of the month thats a car payment
listen i applaud it bc he is probably young and single and the way he is thinking is fine for that, being young and single, I'm married and kids are in the future, i make entirely way too much money so i need write offs (house and kids) and am looking to buy my first home real soon. i applaud him bc i can't be relying on the train to take me everywhere thats crazy, i wish i could but there is no other comfort than sitting in your own car getting to where you have to go at your pace not someone elses.
Please do not applaud this thinking or take any of this away as solid advice.
This has got to be one of the dumbest anecdotes I've ever read. I can deduce that you are not in finance.
Go give your advice to those multi-millionaire athletes who had the world in their hand, hundreds of millions in earnings and are now broke. The wealthy don't get that way or stay that way by following your statement. Also the people who are renting those $xx,xxx a month homes aren't living solely off rental property. They typically have real estate in other parts of the country, continent, world, but are renting in their current location which is typically temporary and a tax deduction.
How can someone making so much money, be such a fool in the statements
did you finally get them in your size?
It's all relative. Your return on that home in a major city will appreciate (typically quicker) than a home in other places. I live in the city with the highest cost of living - yes higher than NY (Ill let you figure out where), and buying property as investment has been the best decision I made. A couple properties have increased by close to 100k over the last 15 months, and that's all equity at my disposal to further invest.
the american dream of owning a home is the BIGGEST HORSE **** THEORY I EVER HEARD you are so right about that.
i live in NYC, well not technically NYC but surrounding area and the prices of homes over here are out of control, someone from a state such as florida, texas, michigan etc will never understand why a person from a major city always talks bad about owning a home. for what we pay for a mid level home THAT NEEDS WORK you can get something brand new in those states. it sucks but this is why i say its the biggest horse **** theory ever. maybe if i lived in alabama or kentucky i wouldn't say the same thing
the american dream of owning a home is the BIGGEST HORSE **** THEORY I EVER HEARD you are so right about that.
i live in NYC, well not technically NYC but surrounding area and the prices of homes over here are out of control, someone from a state such as florida, texas, michigan etc will never understand why a person from a major city always talks bad about owning a home. for what we pay for a mid level home THAT NEEDS WORK you can get something brand new in those states. it sucks but this is why i say its the biggest horse **** theory ever. maybe if i lived in alabama or kentucky i wouldn't say the same thing