My neighbor keeps sayin’ it – “I would’ve have rather invested on oil strike!”
Fairly, people in Alaska are enlightened enough to know they should rather rent a house, than owning one. Assets are unpredictable in nature. However, residents of Alaska are eligible for a royalty of $1,884 – courtesy: oil strikes in Alaska.
Remortgage and remodel – Glad about its asset value increasing by 20%, I cannot keep my hands off borrowing. Yes, there’s a dustyattic that needs to be awaited upon. On top of existing mortgage, I remortgage the home on the hopes of remodeling it into a rental unit.
Perhaps, I keep increasing the risk of meddling with my credit ratings. Moral of the story is people aren’t really comfortable owning a house. They’re happy to rent it!
Debts keep coming in – A mortgage spans for about 20 to 30 years. Say that I’ve paid it off partly, however, I cannot help paying a big fat interest, other than the principal. Even if it’s going to be over home mortgage interest deduction, homeowners tend to pay more debts than they’ve paid for their home.
ax takes a hell lot of it – Owning a home? Then, I owe taxes as per state regulations. Hidden costs in buying a home are good enough to make one feel like lemons. And they bring up reasons fair enough to rent a house, than buying it!
Not to mention: Home Inspection cost, repair cost, survey expenses
Three things work for one’s own good – Bonds, stocks, cash
“!Alternative investments to owning a home
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