The snowbird crowd is ageing
Seems to me in Texas the snowbird crowd is ageing, most are over 70 and many over 80. Every year more are too sick or old to make the trip and many have passed on. There are very few younger snowbirds...
Forum Discussion
soren wrote:CKNSLS wrote:Water-Bug wrote:
Homes are a place to live and not an investment. A lot of people are just now starting to realize that fact. Part of the justification for buying too much house use to be "I can always sell it for more than I paid for it." Not so anymore.
It all depends of what part of the country you live in.
Unfortunately, having a working knowledge of things like lost opportunity cost, true cost of ownership, true cost of money, and other factors tend to be of critical importance when educating yourself as to the real cost and investment value of your personal home. Sadly, most folks don't have a hint of a clue as to any of this. This forum is a great example. One member here was strutting around as he doubled his money, over a twenty year span, in the "hot" market he was in. Bottom line is that it was far a huge win, quite the opposite, but like many, he wasn't going to let any reality interrupt his delusion. He paid $200K in the early 1980s ($468K in today's dollars, BTW) and he doubled his money. That's his story, and he is sticking to it, LOL.
:S It's enough to make your head hurt.
Yes, you can argue at the end of the day all of the above. But at the end of the day-you need a place to live, a place to raise your kids. You can either pay rent and throw money away-or buy a house and sell it and double your money. There isn't absolutely no advantage to paying rent in years past in Southern California when a mortgage would have been the same dollars.
