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Jan 7, 2025
3:54
:10
pm
grandpacoug
All-American
There are some tax $$ benefits by owning that don't exist when renting.
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grandpacoug
Previous username
venomous viper
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grandpacoug
Joined
Sep 6, 2002
Last login
Jan 9, 2025
Total posts
6,987 (27 FO)
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Messages
Author
Time
Housing prices are a nation wide problem.
stenso
Jan 6, 11:08pm
You know things are bad when TNT is grateful he has a cardboard box
TNT
Jan 6, 11:15pm
Pick your spot. I didn't buy a house until I was 46.
Cougar Junkie
Jan 6, 11:17pm
5 year old news and some Utahns still think it's an isolated issue.
rad dawg
Jan 6, 11:22pm
it happened everywhere, but not nearly the same magnitude
LeonMarek
Jan 7, 7:26am
Prices are dealing in San Francisco. 🙂
roseyscenario
Jan 6, 11:35pm
I have an idea that should help with demand:
mulletino
Jan 6, 11:57pm
RE: I have an idea that should help with demand:
Courtimedes
Jan 7, 6:35am
Any comparison of home prices needs to be standardized with median Income.
conetah
Jan 7, 12:02am
Nobody is going to sell their home/s right now. Not going to change until...
Shore10
Jan 7, 4:28am
Don't wish for a pop decrease.
C-dubb
Jan 7, 4:56am
Population decrease comes in many forms.
Shore10
Jan 7, 6:32am
And all of them destroy local economies
C-dubb
Jan 7, 7:31am
so does overpopulation
LeonMarek
Jan 7, 7:35am
Isn't this a myth?
Courtimedes
Jan 7, 10:14am
To be fair, most of the things I mentioned also destroy local economies.
conetah
Jan 7, 8:36am
What does?
Shore10
Jan 7, 11:31am
We bought in 2021 and were told we were crazy for doing so. I'm really glad we
Magneto
Jan 7, 10:35am
And should be standardized with home size / quality
MyTwoCents
Jan 7, 11:14am
And land/ lot size standardized...
NYC and Japan
Jan 7, 1:16pm
I hate the new trend of big 2000+ sq foot houses on tiny lots.
Spindash
Jan 7, 1:34pm
This is a good point. Lot’s of houses being built on a tiny piece of land.
Powerbait DPM
Jan 7, 1:35pm
This is a popular idea but also falls apart under close scrutiny.
rad dawg
Jan 7, 2:25pm
Buy homes in WV or the Midwest? They have great ratios because they’re bleeding
BYU'01
Jan 7, 5:03pm
You think federal land is what’s holding back housing inventory?
conetah
Jan 8, 11:04pm
It’s painful for anyone looking to get out of renting. I’m sick of paying 3k/mo
Powerbait DPM
Jan 7, 1:33pm
It’s true. The cost to rent vs cost to buy is way out of whack right now.
Spindash
Jan 7, 2:08pm
Exactly. It’s going to probably end up being a financial decision vs happiness
Powerbait DPM
Jan 7, 2:41pm
It’s bad right now. Fortunately, it usually returns somewhat to even…
Spindash
Jan 7, 3:44pm
Sadly, the government intervenes too often for any meaningful correction now.
Shore10
Jan 7, 4:27pm
The best thing would be to do nothing and let the free market correct with
Powerbait DPM
Jan 7, 4:46pm
Absolutely. But a market correction wouldn't be the best thing for wealthy...
Shore10
Jan 8, 2:18pm
They absolutely do, however, I'm somewhat hopeful that pattern has ended.
Spindash
11:19am
There are some tax $$ benefits by owning that don't exist when renting.
grandpacoug
Jan 7, 3:54pm
There absolutely are. Lots of other benefits too.
Spindash
Jan 7, 4:07pm
Outside of deductible of interest and property taxes. What other benefits are
Powerbait DPM
Jan 7, 4:49pm
Depreciation is arguably the most significant
rad dawg
Jan 7, 5:07pm
Yup, this drives people with money to buy rental properties and price out those
Powerbait DPM
Jan 7, 5:18pm
It can also be used as collateral for additional loans like HELOC.
Shore10
Jan 8, 2:20pm
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