Todd#43

Jesus.... This has got nothing to do with how my home purchases/sales worked out. I flipped some residential properties back in the early 90's and made a couple of bucks. The market was different then, and money was cheap. These weren't properties that I bought to live in, they were properties that were bought to be sold. The houses that I lived in didn't really return any money to my pocket the way an investment should. Of course, they weren't bought as investments - they were bought to live in. It was a lifestyle choice. If "that's just the way it works" you should be able to show me some numbers that back it up. If you're going to buy a stock in a company, you'd want to see some numbers, wouldnt you? Whats the value of the company relative to earnings, what's the company's debt to equity ratio, that kind of thing. Why cant you show me the numbers that prove a house is a "good investment"?? You seem to believe that it is (along with some others) but no one can show me any proof. What part of this dont you understand?

I cant help it if you edited your post while I was replying... I've shown three times now how buying a house with a mortgage doesnt put money in your pocket. So far, no one else has been able to show me the numbers that prove it works. I have done the research, and I've owned houses. I've shown why I think its not a good investment, why dont you show me some numbers that back up what you say?

Why do you think that renting is "throwing money away"? I get plenty for my money. I have the freedom to move when the place I'm renting no longer suits my needs, without having to worry about selling it. I dont have to cut the grass, or shovel snow. If something breaks - like a furnace, major appliance, hot water heater - the landlord (property owner) pays to fix it. If the roof leaks, the place needs painted, or one of the toilets backs up someone comes and takes care of it. Best part is I dont pay a dime for it. To me, its worth it. Certainly not an investment, but I'd rather invest in things that pay a reasonable annual return. A house doesn't do that. Lets say you buy a house for $150,000, with no money down. A 15 year mortgage at 5.5% would cost you $220,600.00 over the life of the loan, assuming you didn't accelerate payments and made all of them on time. Add an additional $45,000.00 for real estate taxes over the same term, and you're up to $265,600.00. Homeowner's Insurance @ $100.00 per month would bring the total to $283,600.00. How much time per year do you spend doing regular maintenance - lawn work, painting, shoveling snow? Is two hours per week fair? What's your time worth - say $20.00 per hour? Thats another $31,200.00 per year. Wow...we're getting up there...$314,800.00. If you make any improvements during that time, or buy a new major appliance you could easily add another $1,000.00 per year. We'll leave out any tax assessments (new sidewalks, street work, etc.) and our total is $329,000.00 Your "investment" would have to increase in value around 6% per year just for you to break even. Inflation is about 3% so you really need to see a 9% increase to realize any profit. I havent seen homes appreciate that much in several years. Good luck making $$ with your "investment"

No, I dont know what you're trying to say. Show me the numbers that prove buying home with a mortgage is a GOOD investment. Better yet, start by telling me what rate of return makes a good investment, THEN show me the numbers. By the way, Trump didn't make his bones taking out mortgages on houses. He made it buying and DEVELOPING commercial real estate. Try again....

time for a weekend bump Maybe lizard and flounder can start their little bitch fest again

And if you're lucky, you might even piss a few people off

You're right...its like the stock market What rate of return (annual) makes an investment worthwhile? 1%, 5%, 25%?? Compare the annual return on most mutual funds versus the annual return on a house. If my investments performed like most people's housing "investments" I would look for somewhere else to put my money...like in a mayonaise jar burried in the back yard. If you want to "own" a house, go for it. Just admit that you like it and its a lifestyle choice, not fuggin investment. If you REALLY believe its an investment show me the numbers. Shouldn't be that hard - pick a mutual fund and they'll tell you how its performed over just about any period. While we're at it, I'm going to start a class action suit against the gas company and the electric company. That shit just flows into my house every time I flip a switch, turn up the thermostat, or take a shower. I had NO IDEA my bill would be that high...they should have told me. Its all their fault - not mine. This country is going to shit because way too many people refuse to take responsibility for their own actions. Until they do, this is only gonna get worse - much worse.

So, was it a good investement for the guy that's selling his $150,000 house for $75,000? I thought the purpose of an investment was to make money???

Take home price? WTF issat? Offer me somewhere between $5,000 and $5,500 and you can take it home or wherever you want

what about this one? http://www.ohio-riders.net/showthread.php?t=8891 Its a 600...SUPER CLEAN

You mean you're not? :???: I have a ton of stuff like this....might be time for the fuck you bunny to make a come back....

Did you just quote your own post? I'm from the Cleveland area, BTW

You know, if this fag fight didn't keep bumping my thread, I'd be offended. Carry on girls....

So, you're saying I get nothing for my money? Christ, that roof over my head, and the toilet I shit in every morning must be a figment of my imagination. Oh yeah, and that hot water heater that went tits up last year must have been replaced by the plumbing fairies because I didnt see a bill for it. There are NO guarantees that you'll get ANY of your $$ back buying a house. None. ZERO. Ever look at an amortization table? A $200,000 mortgage at 5% will cost you $284,000.00 in principle and interest only over a 15 year period. Unless you have a modest 3% annual appreciation in the value of your home you'll lose money. Of course, no one pays property taxes, or has to pay for maintenance, upgrades or repairs, all of which add cost to your "investment". Show me some REAL numbers proving your theory that a house is an investment, and I'll have a listen.

That DOES seem to happen quite often......

That's funny...everyone up here thinks "you fellers" down south are the backyard guys I dunno either...the whole thing got a little ghey if you ask me. Oh yeah, your "gerbillizer" comment just added fuel to the fire....

Nothing like a good bitch fight to get a free bump - thanks guys Here's another pic:

Thanks Aaron

You know how people are. If its got more miles on it than they'd ride, its high mileage. The four year old GSX-R that we endurance raced in 2005 had 20K on it at the start of the season. It went for 4 hours at redline every race weekend, and was as strong at the end as it was at the beginning. This bike is also 4 years old. Thats only 5,000 per year. Its not really high mileage.

Nothing that extreme. He sold the old turbo bike (400+RWHP), and is building a new one that will be over 500RWHP. I cant wait to see that one. I'd like to do a busa, with a mild (6-8 lbs. of boost) turbo for the street.

You're getting WARMER.... Actually, you were warm, then you cooled off.

Hey...it might still be here this summer. I dont HAVE to sell, and I'm certainly not going to give it away. I sent him a PM

Just serviced before I got it. Everything within specs. I could have a leakdown done on it if you're concerned. Bike's been VERY well taken care of.

No, No, No....not THAT kind of pressure. I've got the coolest girlfriend in the world. She told me to do whatever I want. Think BIGGER Flounder....MORE cubes, plus some pressure

I'd push it into the lake, or keep it before I'd let it go for that. Thanks for the offer though Um...no. I'm not really all that impressed with any of the Kawi's, or the Honda's. If I was going to do another liter bike, I'd consider the FZ-1, but most likely I'd get another GSX-R. I'm thinking something BIGGER, with a small amount of additional "pressure"