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Replying to Avatar Nostr News Network

You don’t own your home if you are forced to pay property taxes, you’re renting for 30+ years & you call it ownership but a house is a liability not an asset:

• Mortgage Interest 7% x 30

• Property taxes 2% x 30

• Maintenance 1% x 30

• Insurance ?% x 30

The bank, govt & insurance companies are likely to make more money on you buying a house than you are! Don’t hate the messenger. GC

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Duncan Cary Palmer 6mo ago 💬 2

👇👇👇Obvious truth.👇👇👇

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David in TN 6mo ago

but compare to renting the same house

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Duncan Cary Palmer 6mo ago

I'm ALL FOR ***OWNING*** your own shelter...🙏🏻😁👍

But I'm the sworn enemy of the state that (as this post underlines) makes that impossible...

The major point of this post is that, largely because of the state, real estate is a very poor store of value asset class...😜

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