.

[BCClone]

Yes, that's how it works.

Had some people tell me at a certain age the rise stops anyhow.

 

[pfgemployee]

"Net worth is not important to me"=I don't have a lot of money.

 

[HFCS]

I feel like these polls are hypnotizing people into a set up for "what is your bday and social security #" thread.

 

[Antihawk240]

Unless you're overpaying for your home, you should still be in the black after the purchase.

What your saying is correct except for 1 minor detail. A new house means new furniture, new tv, new pictures, new tables, new dishes, new new new etc etc. Putting those items on a financial statement under personal property should go under the line item "cash due from friends or family". Both of which should = $0.

 

[cycloneG]

What your saying is correct except for 1 minor detail. A new house means new furniture, new tv, new pictures, new tables, new dishes, new new new etc etc. Putting those items on a financial statement under personal proterty should go on the line item "cash due from friends or family". Both of which should = $0.

Do people actually do that at the time of purchase? We just moved all of our stuff from our apartment to our house. We've bought new furniture over the years but didn't take on any debt to do it.

 

[BCClone]

That's my plan, too. If that doesn't work out, Plan B is to steal the Declaration of Independence. Or beg for change off I-235. Whatever's easier.

I was thinking porn star. Is there a high demand for an old, fat guy in porn films?

 

[cyfan92]

Unless you're overpaying for your home, you should still be in the black after the purchase.

With student loans and prioritizing cash savings for a down pmt over investing you I'll be about $5K under. Now it won't take me long to get back in the black though

 

[LarryISU]

Only time I would disagree is if you build it and especially in a smaller town. We did and it took about 10 years to get back what we stuck into it. (Using comparable sales)

Absolutely correct! That's why I said "should." There are exceptions such as yours. Build the same house in Omaha (where I live now) and in Jefferson (where I grew up) and the market value of the finished products would be markedly different.

 

[SoapyCy]

Do people actually do that at the time of purchase? We just moved all of our stuff from our apartment to our house. We've bought new furniture over the years but didn't take on any debt to do it.

we bought a new house and got a new living room set, new TV, and some other misc items. House also needed about $15 of work right away. we accounted for those costs, though.

 

[Cydaddy]

Just remember, the best things in life aren't things.

 

[cyfan92]

I know most of us talk to millionaires all the time and don't know it

This is a fun read about about this topic
http://www.nytimes.com/books/first/s/stanley-millionaire.html

 

[cycart]

we bought a new house and got a new living room set, new TV, and some other misc items. House also needed about $15 of work right away. we accounted for those costs, though.

$15 worth of work, oh the horror . All kidding aside having a house really gives you a better appreciation for what things cost.

 

[Sigmapolis]

What's your mother's maiden name and favorite childhood pet's name, @HFCS?

 

[AgronAlum]

Which way do your car doors open?

 

[BCClone]

$15 worth of work, oh the horror . All kidding aside having a house really gives you a better appreciation for what things cost.

So.......about a quart of paint? Probably new keys?

 

[ruxCYtable]

To the young people on here who think they'll never get there...your best ally is time. Save what you can, resist the urge to touch it, and in 20 years you'll be checking the > $1 million box.

 

[cycart]

So.......about a quart of paint? Probably new keys?

I find that giving the bathroom an accent wall really provides comfort when going about your business.

 

[PlanoClone]

we had a nice rise going until kids. then it leveled out.

YOU had a nice rise going until you conceived your kids. Amiright?

 

[ca4cy]

I feel like these polls are hypnotizing people into a set up for "what is your bday and social security #" thread.

That and, "now if you can please give me the 3 digit number on the back of your card."

Just remember, the best things in life aren't things.

Boobs are things, so therefor I disagree.

 

[ClonesFTW]

I better call my CPA to prepare for the, "Post your tax return" thread.