« First « Previous Comments 58 - 61 of 61 Search these comments
On top of it I get the appreciation ( tax free till 500K). Assuming that to equal to inflation, it is equivalent to 30% return ( 18% + 4*3% ) after tax. This translates to 41% return before tax.
That's some fuzzy math there.
Sorry to snark Tim above, I have nothing against what he does with his money if it suits him.
But in 2009 I bought some Apple shares and unlike buying a house ($10K fees) I paid a $2 broker commission at Vanguard.
This investment is up about 600% but of course this is unusually good.
The frosting on the cake is that Apple now pays $1+ per share per month in dividends. If I live long enough, Apple will have paid me back all of my original investment!
Oh and I have no "property tax" on this but I do owe tax on the dividends except for the shares I have in my Roth IRA.
Below a certain income the dividends aren't taxed.
I won't have to fix the roof of my Apple shares, nor buy insurance for them.
Other investments in mutual funds are doing great and the nice thing is that they are very liquid and you can sell a share or two if you need some dough.
I suggest Vanguard Dividend Growth among other funds.
the 1930 built house in Forest Hills at 8122 Santa Clara Dr
That is my neighborhood. I actually grew up in Lakewood which is nearby. My best friend's parents still live about 2 blocks down on Santa Clara. FWIW, their house is falling down. We are trying to get them to move this year to a house that will be better as they age. THe house will certainly be a tear down that is replaced by a Mc Mansion.
« First « Previous Comments 58 - 61 of 61 Search these comments
Here's Why Your Home Is Not A Good Investment
http://www.fool.com/investing/general/2014/05/02/the-uncomfortable-reason-your-home-is-not-a-great.aspx#ixzz30nLMxkJd