My house is my house

Tchocky · 08-25-10, 02:22 PM

Well, it used to be an asset bubble.

So, yeah.

Sort of

Oberon · 08-25-10, 02:48 PM

Half the houses around here only get lived in for four months a year

08-25-10, 02:50 PM

It is hard to hold home ownership (a house) as an ideal in a world where private property means nothing.

AVGWarhawk · 08-25-10, 02:58 PM

In all reality the bank owns the house until you pay the entire loan. The agreement is you pay a certain amount each month for 15 or 30 years and the bank will let you live in their house until the loan comes to term. You may normally pay more per month without penalty of paying the loan off early. So, thank you Mr. Bank for letting me live in your house until paid at which point I call it MY house.

Sailor Steve · 08-25-10, 03:01 PM

I only have one question: Who is the quote attributed to?

08-25-10, 03:04 PM

Quote:

Originally Posted by AVGWarhawk

In all reality the bank owns the house until you pay the entire loan. The agreement is you pay a certain amount each month for 15 or 30 years and the bank will let you live in their house until the loan comes to term. You may normally pay more per month without penalty of paying the loan off early. So, thank you Mr. Bank for letting me live in your house until paid at which point I call it MY house.

The alternative is the king. One man who demands tribute for his generosity. And that generosity is only for those who can repay the favor.

Ducimus · 08-25-10, 03:24 PM

Wish I could own a house. I've been renting apartments since I got out of the military. All those years paying anywhere between 800 and 1200 dollars a month. All that money could have been equity. But I can't even get my foot into the door of a house because of the astronomical value, combined with my medium month income.

A house...... tis a pipe dream. If owning a home is the american dream, it is a dream that remains unrealized, and untenable.

08-25-10, 03:35 PM

Quote:

Originally Posted by Ducimus

Wish I could own a house. I've been renting apartments since I got out of the military. All those years paying anywhere between 800 and 1200 dollars a month. All that money could have been equity. But I can't even get my foot into the door of a house because of the astronomical value, combined with my medium month income.

A house...... tis a pipe dream. If owning a home is the american dream, it is a dream that remains unrealized, and untenable.

my mortgage is less than your rent. It may require some sacrifice to own a home. But it is your choice. It shouldn't be my payment.

AVGWarhawk · 08-25-10, 03:46 PM

Quote:

Originally Posted by Ducimus

Wish I could own a house. I've been renting apartments since I got out of the military. All those years paying anywhere between 800 and 1200 dollars a month. All that money could have been equity. But I can't even get my foot into the door of a house because of the astronomical value, combined with my medium month income.

A house...... tis a pipe dream. If owning a home is the american dream, it is a dream that remains unrealized, and untenable.

Look into FHA and what the military can do for you concerning purchasing a home. It is obtainable if you look at the right programs that will work for you. FHA for sure. The military might be of help also. FHA you need only 3% down in most cases. $150,000.00 home you need $4500 down plus closing costs. As bad as it is now those cost can get paid by the home owner or the builder if it is new construction. Also, I think the Fed is going to start the $8000.00 towards a home again. This program worked. I know 2 people who got their homes using this program.

08-25-10, 02:22 PM	#1
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	Well, it used to be an asset bubble. So, yeah. Sort of __________________ [SIGPIC][/SIGPIC]

08-25-10, 02:58 PM	#4
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,300 Downloads: 90 Uploads: 0	In all reality the bank owns the house until you pay the entire loan. The agreement is you pay a certain amount each month for 15 or 30 years and the bank will let you live in their house until the loan comes to term. You may normally pay more per month without penalty of paying the loan off early. So, thank you Mr. Bank for letting me live in your house until paid at which point I call it MY house. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

08-25-10, 03:01 PM	#5
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	I only have one question: Who is the quote attributed to? __________________ “Never do anything you can't take back.” —Rocky Russo

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

08-25-10, 02:48 PM	#2
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	Half the houses around here only get lived in for four months a year

08-25-10, 02:50 PM	#3
The Third Man Stowaway Posts: n/a Downloads: Uploads:	It is hard to hold home ownership (a house) as an ideal in a world where private property means nothing.

08-25-10, 03:24 PM	#7
Ducimus Rear Admiral Join Date: May 2005 Posts: 12,987 Downloads: 67 Uploads: 2	Wish I could own a house. I've been renting apartments since I got out of the military. All those years paying anywhere between 800 and 1200 dollars a month. All that money could have been equity. But I can't even get my foot into the door of a house because of the astronomical value, combined with my medium month income. A house...... tis a pipe dream. If owning a home is the american dream, it is a dream that remains unrealized, and untenable.