Property Pricing in your area - gone up or down?

[dfrecore]

Your personal home is a liability not an asset because assets make you money while liabilities cost you money. The reason why the price of housing has mainly rebounded is because of the mass overspending that is happening with our federal government. Every year tht the government borrows 1t from the printing press, this creates inflation which is reflected in real things of value. Since 2009 the printing press has doubled the amount of money in circulation which will make the American Dream very difficult to achieve for good. The government is lying about the real rate of inflation. The government is trying inflate away its debt by paying it back with cheaper dollars. The governments biggest fear is deflation which is exactly what it is trying to avoid. Inflation means higher housing prices and the ability to repay debt with cheaper dollars. Inflation is a tax on savers. Savers have their money eroded every year as the rate of inflation grows faster than the low interest rates offered by the fed. My average tenant now is pushing 40% their income to cover rent payments. It is and will not get better. More government deficit spending will result in higher costs of living. The last 2 presidents are to blame for this mass inflation we are seeing. Even at the grocery stores we are seeing higher prices and smaller packages.

My home will make me money when I sell it, and it's making me money each month as rents go up but my mortgage does not. You have to pay for housing whether you own it or rent it, and rents go up over time; mortgages do not. Also, once you pay off your house (and 1/3 of all Americans have a paid off house), your monthly housing costs are SIGNIFICANTLY lower than anyone near you, whether they are still paying down their mortgage (which will eventually be lower than the rental amounts nearby), or renters.

Owning your own home locks in your housing costs for the rest of your life, if you don't move. And if mortgage rates go down, you can actually make your monthly costs go DOWN with a refi. There is no way to do that with renting the same place year after year.