Nope,
If you love something, set it free.
If it doesn't come back, hunt it down and kill it!
Had to let her go š¢
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If you love something, set it free.
If it doesn't come back, hunt it down and kill it!
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Crown_Pointer
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In 1967 I started working for the phone company. Starting pay $65.00 a week. 30 years later I retired, base pay $900 a week. Same job same work. Bought a house in 1970 for $12,500. This year the citify accesses same house for $350,000. I believe they call it INFLATION.
You did good. While your wage increased 13.85x by investing in a house your worth increased 28x. It's like my father said, "Inflation is like a river. You can stand on the shore and watch everything go past or get your boat in the water and go with it."
Do you pay property tax? Insurance? The brotherās pay went to 900 a week, but now heās paying taxes and insurance on a 350,000 dollar houseā¦ with money that he is taxed on already, by both the state and the feds.
-Red, slightly irritated with homeowners insurance rates at the momentā¦
Crown_Pointer
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I do and I don't like it any more than the next guy (the ol' death & taxes thing) but if he rented those same costs would be passed on to him anyway without any equity growth. By buying (getting his boat in the water), he freezes the house cost at $12,500 and gets the full equity growth ($350,000 - $12,500). A renter sees those costs rising at 28x but salary increasing 13.85x and worst of all, equity growth is $0.
Michael, don't row the boat ashore! ;-D
Michael, don't row the boat ashore! ;-D
Problem is, all the houses have gone up. He doesnāt make any money unless he sells, the capital gains is going to hit him at, what is it right now, 38%? And then where does he live? He would blow all the money buying a new house, AFTER giving Uncle his cut, and be in a lower value home than beforeā¦ only way for that to have made him money is if he had rented it out all those years. Now, owning rental property, there is where the inflation helps you, except for all the deadbeat renters that destroy your house, so you have to remodel the house whenever they move outā¦ yeah, Iāve played that game as well.
Inflation helps no one.
In 1974 I bought my home in Md, and paid $45,950.00. After retiring I sold it for $147,900,00 during the housing boom in the 80's. I moved to Az. and bought a home for $98,000.00 and it is now appraised at 148,000,00. Amazing. Taxes, it's all about taxes.
I was wrong on the capital gains on your houseā¦
Back to original thread:
NEVER sell a gun. Unless youāre selling it to me for a really good deal!
I only miss the nice revolvers Iāve sold, and one sweet 25-06. Other than that, meh, theyāre guns.
Now, all my āfamily gunsā, never ever selling them. Way too much history.
-Red, known to be wrongā¦
Back to original thread:
NEVER sell a gun. Unless youāre selling it to me for a really good deal!
I only miss the nice revolvers Iāve sold, and one sweet 25-06. Other than that, meh, theyāre guns.
Now, all my āfamily gunsā, never ever selling them. Way too much history.
-Red, known to be wrongā¦
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Crown_Pointer
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āIndian Chief, āTwo Eagles,ā was asked by a white government official:
- āYou have observed the white man for 90 years. Youāve seen his wars and his technological advances. Youāve seen his progress, and the damage heās done.ā
The Chief nodded in agreement. The official continued:
- āConsidering all these events, in your opinion, where did the white man go wrong?ā
The Chief stared at the government official for over a minute and then calmly replied.:
- āWhen white man find land, Indians running it. No taxes, No debt, Plenty buffalo, Plenty beaver, Clean Water; Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; All night having sex.ā
Then the chief leaned back and smiled:
- āOnly white man dumb enough to think he can improve system like that.ā
Savage.
Savages are excellent. But all things decent cost more than they should.
I deeply regret the many firearms I have sold. Many because, at the time, I had to.
I always sold to have money for the next purchase. Now looking back there are some I wish I still had. Others, I donāt miss. However, if I wouldnāt have sold them I wouldnāt have what I have now. And Iām not selling anymore. I am always looking to replace some of my favorites from the past. Unfortunately itās at 5 times the price....
Fun thing selling my old things at gunshows is seeing the gleam in a buyer's eye as they pick up something I've tripped over, shuffled, or cursed for decades. We know that feeling ..."Golly Gee! A genuine left-hand lock for a Belgian 16 gauge double barrel! All it's missing is ..." Yup. That's what I thought in 1970 when I bought it for $10.00. Gimme five bucks.
Junk's junk. "One man's junk is another man's treasure." I say "Nay-Nay" if it's anything I've bought that needed real work or obscure parts. By the time I've acquired the parts, a whole one in good shape could've been mine. Cheaper.
Junk's junk. "One man's junk is another man's treasure." I say "Nay-Nay" if it's anything I've bought that needed real work or obscure parts. By the time I've acquired the parts, a whole one in good shape could've been mine. Cheaper.
Mike in FL
50 Cal.
I been there. Did it enough times to know to never do it again. The Money we get is gone very soon and we likely won't remember where, but you will remember the gun and regret letting it it forevermore.
I've sold a ton of stuff for lotsa money. I don't remember half of what I sold, or what I used the money for, and I don't have the cash anymore. What a waste.
