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RE: WHEN THE INCREDIBLE BECOMES UNIMPORTANT – Lamenting the Obvious Disconnect of Modernized Civilizations and Possibly Losing $324,000
I completely agree that "bought and paid for" property in no guarantee.
For now though, ownership gives one opportunity, and that is what I would like, opportunity.
I had some fine fixins a beach house (sold due to increasing taxes, insurances, and being a target (lawsuit or robbery), a Porsche or two, etc. I got hit in 2008 but hung on to the property... sold the Porsche/s as they were just targets (foolishly I used to collect my rents in my low income properties in that... talk about a stupid thing to do). I also sold those as well, bought after 2008 crash for pennies on the dollar, now I am awaiting the next paradigm shift to find out where I will park my old carcass and or what to invest in. But yes you are correct the tax breaks for property are still beneficial... wish I still had me some of that.
Wow... rolling with the punches of life.
Yeah I've been punched a lot... that's why I'm in the business I'm in.