What a fortuitous message from credit karma. I received this from my credit karma app: Congratulations, Kevin. Your home’s value is higher than members in Tarrant County.* That means your investment is paying off. Cue the applause. Come see how your home’s estimated value measures up to members in Tarrant County and how home values are trending overall.* Snap on over to Credit Karma. This is what plagues us as individuals. Just real life at its finest.
Very interesting you saw it that way. I see how it can be seen from that way indeed. No slight was meant, although banks are indeed the main profiteer in this scheme (not in the pejorative sense either). When I speak on the real estate industry I am not referencing the agent in particular, I’m referring to the larger institutions making revenue on his/her commissions.
Rick, thany you for shedding light and a personal experience. The beauty about what you just mentioned is that we all have differing personal experiences. Yours and mine seem to be a bit similar to a degree. All I know, we the people, remain the greatest income source for banks, municipalities, governments and institiutions.
Thank you to all who commented below and for reading the article. We appreciate the opportunity to blog and receive insight for those who are going through what is being discussed. As for clairty, if you google what kind of return you should expect on your home, google will tell you it is somewhere in the 8% range. You and I know that a home is not an investment, but a place to live. Although we understand this, oftentimes many go in with expectations that are unrealistic. This article is purely meant to show how IRR is different from what your expected price return may or may not be. All things considered, you must live somewhere and that is absolutely true. You have all been great and absolutely helped me learn in the process.
Trust me, I understand that for sure. I had mutliple apartments where I grew tired of listening to tenants dogs barking or shouting matches. HAHA. But of course all of those places were temporary housing, for example, in NYC that is bascially all you have. Unless you move to Jersey or one the Boroughs The reality is no one see's their homes like this, and I did not either until I began studying for my CFA exam. Gave me an entirely new way to look at cash flows.
This is not an argumnet, but an experience that I indeed encountered. IAD, I hope you are doing ok. Seem a bit defensive which is not why this forum was created. Wishing you the best.
Actually no, if you look at a balance sheet of assets and liabilites, the liability side represents what is owed or not owed on that asset. What you are referring to is a cash flow statement showing expenses and income. So the equity would be offset by the amount of liability on that asset.
Comments
What a fortuitous message from credit karma. I received this from my credit karma app: Congratulations, Kevin. Your home’s value is higher than members in Tarrant County.* That means your investment is paying off. Cue the applause. Come see how your home’s estimated value measures up to members in Tarrant County and how home values are trending overall.* Snap on over to Credit Karma. This is what plagues us as individuals. Just real life at its finest.
Post: Home Sweet Whatever
Link to comment from June 28, 2022
9innings Podcast YouTube interview with Jonathan Clements is Live https://youtu.be/uUIGp0LcRwQ
Post: Home Sweet Whatever
Link to comment from June 28, 2022
Very interesting you saw it that way. I see how it can be seen from that way indeed. No slight was meant, although banks are indeed the main profiteer in this scheme (not in the pejorative sense either). When I speak on the real estate industry I am not referencing the agent in particular, I’m referring to the larger institutions making revenue on his/her commissions.
Post: Home Sweet Whatever
Link to comment from June 28, 2022
Here is the link to the interview with Jonathan Clements. Hope you all enjoy..https://podcasts.apple.com/us/podcast/the-9innings-podcast/id1558127474?i=1000567699273
Post: Home Sweet Whatever
Link to comment from June 26, 2022
Rick, thany you for shedding light and a personal experience. The beauty about what you just mentioned is that we all have differing personal experiences. Yours and mine seem to be a bit similar to a degree. All I know, we the people, remain the greatest income source for banks, municipalities, governments and institiutions.
Post: Home Sweet Whatever
Link to comment from June 26, 2022
No apology needed. This is what this forum is designed to do, engage in open dialogue.
Post: Home Sweet Whatever
Link to comment from June 24, 2022
Thank you to all who commented below and for reading the article. We appreciate the opportunity to blog and receive insight for those who are going through what is being discussed. As for clairty, if you google what kind of return you should expect on your home, google will tell you it is somewhere in the 8% range. You and I know that a home is not an investment, but a place to live. Although we understand this, oftentimes many go in with expectations that are unrealistic. This article is purely meant to show how IRR is different from what your expected price return may or may not be. All things considered, you must live somewhere and that is absolutely true. You have all been great and absolutely helped me learn in the process.
Post: Home Sweet Whatever
Link to comment from June 24, 2022
Trust me, I understand that for sure. I had mutliple apartments where I grew tired of listening to tenants dogs barking or shouting matches. HAHA. But of course all of those places were temporary housing, for example, in NYC that is bascially all you have. Unless you move to Jersey or one the Boroughs The reality is no one see's their homes like this, and I did not either until I began studying for my CFA exam. Gave me an entirely new way to look at cash flows.
Post: Home Sweet Whatever
Link to comment from June 24, 2022
This is not an argumnet, but an experience that I indeed encountered. IAD, I hope you are doing ok. Seem a bit defensive which is not why this forum was created. Wishing you the best.
Post: Home Sweet Whatever
Link to comment from June 24, 2022
Actually no, if you look at a balance sheet of assets and liabilites, the liability side represents what is owed or not owed on that asset. What you are referring to is a cash flow statement showing expenses and income. So the equity would be offset by the amount of liability on that asset.
Post: Home Sweet Whatever
Link to comment from June 24, 2022