Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(WWSB ABC 7)   In Florida, where nothing is holier than property values, what better way to get back at your neighbors than by spray painting your house with graffiti?   (mysuncoast.com ) divider line
    More: Florida, property value, Sarasota, Ordinances of 1311, private property  
•       •       •

8800 clicks; posted to Main » on 03 Jan 2013 at 10:57 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



75 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-01-03 08:28:31 PM  
Good for them. And they used florescent spray bomb for extra lulz.

Later on, once the complainers quit whining, I would get a couple of graffiti artists (not taggers) and do some artwork to cover the first scribblings.
 
2013-01-03 08:51:25 PM  
He's no Banksy, that's for sure. Ugh.
 
2013-01-03 09:20:20 PM  
This is why everyone should live in a HOA.
 
2013-01-03 09:34:47 PM  
Could've been worse.

Could've been plastic flamingos.
 
2013-01-03 10:01:50 PM  
bloximages.newyork1.vip.townnews.com

Why is there a hole in their wall?
 
2013-01-03 10:04:45 PM  

fusillade762: Why is there a hole in their wall?


Redneck emergency exit?
 
2013-01-03 10:12:05 PM  

Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?


As good an explanation as any.
 
2013-01-03 10:49:57 PM  
Salvador Dali would approve.
 
2013-01-03 10:52:40 PM  

fusillade762: [bloximages.newyork1.vip.townnews.com image 760x570]

Why is there a hole in their wall?


What the hell kind of question is that?
 
2013-01-03 11:00:42 PM  
fusillade762: "Why is there a hole in their wall?"

To get to the other side?

cf2.imgobject.com

/obscure...
 
2013-01-03 11:03:08 PM  
old school blow mold faded Santas from yard sales cut in half, butt sticking out superglued all around the home would also express ones feelings.

/ oH oH oH
 
2013-01-03 11:04:36 PM  
In my city there are bylaws that establish fines for property owners who don't clean up graffiti (among other things). I'm surprised that they don't have these sorts of laws in this jurisdiction.
 
2013-01-03 11:07:42 PM  
Oh yes, petty disputes are the best ones - the ones worth acting irrationally for; the ones worth taking revenge for. The ones that are worth harboring resentment for... for an eternity. Mwa-ha-ha-ha-ha.
 
2013-01-03 11:15:08 PM  

JasonOfOrillia: In my city there are bylaws that establish fines for property owners who don't clean up graffiti (among other things). I'm surprised that they don't have these sorts of laws in this jurisdiction.


If you do it to your own home, it isn't graffiti, it's just tasteless. Of course if you want to claim that it is graffiti regardless of who painted it, then we're just going that ol' slippery slope.
 
2013-01-03 11:19:11 PM  

fusillade762: [bloximages.newyork1.vip.townnews.com image 760x570]

Why is there a hole in their wall?


FTFH:
In Florida, where nothing is holier than property
 
2013-01-03 11:28:03 PM  
Read in TFA where they are already going to change the laws... someone knows somebody!!!

/as for hideous paint, try living in a historical district, someone comes in and buys up a 130 yr old home, starts repainting and you wind up with an off-ivory main color and some gawd-awful PURPLE shutters (and some of the trim). Apparently, they change their mind a year later and start painting shutters an odd green; now the shutters are half 'purple' and half green where they started, but never finished (been that way for 2 summers now).
 
2013-01-03 11:28:21 PM  

fusillade762: [bloximages.newyork1.vip.townnews.com image 760x570]

Why is there a hole in their wall?


Redneck kennel for your pit / rott mix?
 
2013-01-03 11:29:58 PM  

hlehmann: JasonOfOrillia: In my city there are bylaws that establish fines for property owners who don't clean up graffiti (among other things). I'm surprised that they don't have these sorts of laws in this jurisdiction.

If you do it to your own home, it isn't graffiti, it's just tasteless. Of course if you want to claim that it is graffiti regardless of who painted it, then we're just going that ol' slippery slope.


You're probably right. I remember a case here a few years ago where a women let native plants take over her front yard. People complained but she fought it. I think she was still fined. Of course, the graffiti thing is a bit different.
 
2013-01-03 11:39:09 PM  
My neighbor a few houses down spray painted his fence. It says something about his daughter beating cancer in 2012. And "thank you god."
I'm actually very happy that his daughter beat cancer, but he could've announced it without being trashy. He could've had a nice sign made instead of spray painting his fence.
But then again, this is the guy that has let three or four trash bags, with god knows what in them, sit by the street for over a year. You can't actually see them anymore because the weeds have grown over them. (He just mows right around them) AND, he lets his chickens roam around his property outside of his fence.

Thanks for trashing up the neighborhood.
And before you ask, yes, this is in Florida.

Rant Over.
 
2013-01-03 11:43:35 PM  

fusillade762: Why is there a hole in their wall?


Maybe this guy helped paint that wall

i877.photobucket.com
 
2013-01-03 11:53:12 PM  
burockracy.files.wordpress.com
 
2013-01-03 11:54:55 PM  

FingHostile: My neighbor a few houses down spray painted his fence. It says something about his daughter beating cancer in 2012. And "thank you god."
I'm actually very happy that his daughter beat cancer, but he could've announced it without being trashy. He could've had a nice sign made instead of spray painting his fence.
But then again, this is the guy that has let three or four trash bags, with god knows what in them, sit by the street for over a year. You can't actually see them anymore because the weeds have grown over them. (He just mows right around them) AND, he lets his chickens roam around his property outside of his fence.

Thanks for trashing up the neighborhood.
And before you ask, yes, this is in Florida.

Rant Over.


The smallest violin in the world plays all for you.
 
2013-01-04 12:05:00 AM  
Meh. White people problems.
 
2013-01-04 12:06:34 AM  
I see a chocolate starfish.
 
2013-01-04 12:19:29 AM  

FingHostile: My neighbor a few houses down spray painted his fence. It says something about his daughter beating cancer in 2012. And "thank you god."
I'm actually very happy that his daughter beat cancer, but he could've announced it without being trashy. He could've had a nice sign made instead of spray painting his fence.
But then again, this is the guy that has let three or four trash bags, with god knows what in them, sit by the street for over a year. You can't actually see them anymore because the weeds have grown over them. (He just mows right around them) AND, he lets his chickens roam around his property outside of his fence.

Thanks for trashing up the neighborhood.
And before you ask, yes, this is in Florida.

Rant Over.


Just gonna throw it out there. Fresh chicken is delicious.
 
2013-01-04 12:27:08 AM  
Neighbors issue was that they removed trees? OK....

Neighbor, maybe you should shut your pie hole while your still "ahead".
 
2013-01-04 12:29:03 AM  

AccuJack: FingHostile: My neighbor a few houses down spray painted his fence. It says something about his daughter beating cancer in 2012. And "thank you god."
I'm actually very happy that his daughter beat cancer, but he could've announced it without being trashy. He could've had a nice sign made instead of spray painting his fence.
But then again, this is the guy that has let three or four trash bags, with god knows what in them, sit by the street for over a year. You can't actually see them anymore because the weeds have grown over them. (He just mows right around them) AND, he lets his chickens roam around his property outside of his fence.

Thanks for trashing up the neighborhood.
And before you ask, yes, this is in Florida.

Rant Over.

The smallest violin in the world plays all for you.


I know it does and I'll go ahead and dig myself in nice and deep;
It's a nice neighborhood. There are four mansions within 500 feet of his house. And yeah, people actually do care about property value.
If I lived out in the sticks, I really wouldn't care. But I enjoy living in a nice community.
If he would've invited everyone in the neighborhood to a pot-luck party to celebrate his daughter's accomplishment, I would've attended and given her my support. But this guy decides to keep trashing up the neighborhood.

It's ok, you don't have to go out buy one, I just picked you up an even smaller violin. Start a bowin'.
 
2013-01-04 12:37:17 AM  

redmid17: FingHostile: My neighbor a few houses down spray painted his fence. It says something about his daughter beating cancer in 2012. And "thank you god."
I'm actually very happy that his daughter beat cancer, but he could've announced it without being trashy. He could've had a nice sign made instead of spray painting his fence.
But then again, this is the guy that has let three or four trash bags, with god knows what in them, sit by the street for over a year. You can't actually see them anymore because the weeds have grown over them. (He just mows right around them) AND, he lets his chickens roam around his property outside of his fence.

Thanks for trashing up the neighborhood.
And before you ask, yes, this is in Florida.

Rant Over.

Just gonna throw it out there. Fresh chicken is delicious.


Haha. Thought about it many times, but he looks like the kinda guy that would bring out his 12 gauge to remedy a situation like that.
There's that, and I'm not in the kind of shape to be chasing a chicken around like Rocky training to fight a roided up Russian.
 
2013-01-04 12:37:21 AM  
Why do people care about their property values unless theyre trying to sell? In fact wouldnt a lower property value result in a lower tax bill?

That could work the other way too, if youre looking to buy somewhere, slip the neighbors 50 bucks not to mow their lawns for a week or two and leave a bunch of junk in the yard the day the appraiser comes.
 
2013-01-04 12:40:53 AM  
Cyno01: Don't ask. Property "owners" are mentally ill. They enjoy paying more to receive less and being brainwashed by the realtors. As you can see by this article, home "ownership" is really the sign of an adult, not like those immature renters who refuse to grow up.
 
2013-01-04 12:47:04 AM  

Wadded Beef: [burockracy.files.wordpress.com image 320x240]


They totally should have brought in their Commie friends to fight dirty.
 
2013-01-04 01:03:52 AM  
So is this how TV shows like Malcom in the Middle get their start?
 
2013-01-04 01:39:19 AM  

Toshiro Mifune's Letter Opener: Could've been worse.

Could've been plastic flamingos.


There's this.
 
2013-01-04 01:50:05 AM  

hlehmann: JasonOfOrillia: In my city there are bylaws that establish fines for property owners who don't clean up graffiti (among other things). I'm surprised that they don't have these sorts of laws in this jurisdiction.

If you do it to your own home, it isn't graffiti, it's just tasteless. Of course if you want to claim that it is graffiti regardless of who painted it, then we're just going that ol' slippery slope.


A business in Seattle tried to donate a wall for kids to graffitti up, but the city threatened to fine them, despite the fact they owned the property. Depends on the laws where you live.
 
2013-01-04 01:50:44 AM  

Apos: Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?

As good an explanation as any.


I'm guessing homemade doggie door.
 
2013-01-04 01:54:06 AM  
Pfff. Amateurs.

Link
 
2013-01-04 02:17:13 AM  
Wadded Beef:

Came for this, leaving satisfied
 
2013-01-04 02:18:20 AM  

Quantum Apostrophe: Cyno01: Don't ask. Property "owners" are mentally ill. They enjoy paying more to receive less and being brainwashed by the realtors. As you can see by this article, home "ownership" is really the sign of an adult, not like those immature renters who refuse to grow up.


Don't you ever get tired of being mentally defective?
 
2013-01-04 02:18:31 AM  

Medic Zero: Apos: Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?

As good an explanation as any.

I'm guessing homemade doggie door.


You might be right.
 
2013-01-04 02:19:05 AM  

Apos: Medic Zero: Apos: Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?

As good an explanation as any.

I'm guessing homemade doggie door.

You might be right.


Or sledgehammer made doggie door.
 
2013-01-04 02:20:18 AM  
I'll just leave my mate's video here.

http://www.youtube.com/watch?v=dYenaMGO0b8

1:07 for the best bit.
 
2013-01-04 02:20:22 AM  

Gyrfalcon: Apos: Medic Zero: Apos: Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?

As good an explanation as any.

I'm guessing homemade doggie door.

You might be right.

Or sledgehammer made doggie door.


*nods*
 
2013-01-04 02:34:05 AM  

Gyrfalcon: Apos: Medic Zero: Apos: Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?

As good an explanation as any.

I'm guessing homemade doggie door.

You might be right.

Or sledgehammer made doggie door.


Yeah, that's what I meant. What else would you use?
 
2013-01-04 02:37:44 AM  

FingHostile: And yeah, people actually do care about property value.


Is there a law that says that when you buy a home the property value has to go up?
 
2013-01-04 02:38:11 AM  

fusillade762: [bloximages.newyork1.vip.townnews.com image 760x570]

Why is there a hole in their wall?


dood
they live in floriduh, all walls have holes in them
how else do the pets get out?
 
2013-01-04 02:51:05 AM  
FingHostile:
" this is the guy that has let three or four trash bags, with god knows what in them,"

Probly bodies.

/"the 'burbs"
 
2013-01-04 02:53:15 AM  

Medic Zero: Gyrfalcon: Apos: Medic Zero: Apos: Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?

As good an explanation as any.

I'm guessing homemade doggie door.

You might be right.

Or sledgehammer made doggie door.

Yeah, that's what I meant. What else would you use?


o'really: /"the 'burbs"


i46.tinypic.com
 
2013-01-04 03:05:24 AM  

fusillade762: Medic Zero: Gyrfalcon: Apos: Medic Zero: Apos: Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?

As good an explanation as any.

I'm guessing homemade doggie door.

You might be right.

Or sledgehammer made doggie door.

Yeah, that's what I meant. What else would you use?

o'really: /"the 'burbs"

[i46.tinypic.com image 486x356]


Isn't that a cinder block wall in the picture of the house in question though?
 
2013-01-04 05:11:41 AM  

Medic Zero: Gyrfalcon: Apos: Medic Zero: Apos: Toshiro Mifune's Letter Opener: fusillade762: Why is there a hole in their wall?

Redneck emergency exit?

As good an explanation as any.

I'm guessing homemade doggie door.

You might be right.

Or sledgehammer made doggie door.

Yeah, that's what I meant. What else would you use?


In FLORIDA? You have to ask that question?
 
2013-01-04 05:29:20 AM  

FingHostile: AND, he lets his chickens roam around his property outside of his fence.


dims.vetstreet.com
there is a solution for that.
 
2013-01-04 06:23:08 AM  
FTFA: "A complaint was called into the Sarasota County Sheriff's Office, however deputies ruled that no crime was committed. Also, according to court records, the home's owners are facing foreclosure."

FTFA: ""The neighbors complained about them removing the trees and they just wanted to make a message so they did on their own private property, I feel like it's better than doing it on someone else's property," said Wesley Pratt, a friend of the owners."

FTFA: "The owner of the house, which is located on Jean Way near McIntoch Road and Webber Street, would not go on camera, but told ABC 7 that it's simply a dispute between neighbors and he plans on restoring the house at some point."

His house is in foreclosure. He has no money to restore the house - unless he's planning on ripping out the copper wiring and completely gutting it as an eff you to the bank? then salting the land for good measure? The house being in foreclosure brings a whole nother level to what's happening here.

The owner is a douche.

The owner needs to nut up and stop making his neighbors pay for his disputes with the bank. The bank may very well be in the wrong for foreclosing on the house/not working with the owner (it's more likely to be the case nowadays, than the foreclosing being completely on the up and up) ... but leave the neighbors out of it.
 
2013-01-04 06:25:56 AM  

BummerDuck: Neighbors issue was that they removed trees? OK....

Neighbor, maybe you should shut your pie hole while your still "ahead".


Were the trees completely on the owners side of the property line, or did the neighbors also kinda sorta own the trees sorta? Lots going on here.
 
2013-01-04 06:30:09 AM  
There is no constitutional right to property values. There is a right to private property
 
2013-01-04 08:24:36 AM  
mook
 
2013-01-04 08:27:41 AM  
ASSHOLES ON PARADE.

Another Florida story with no good guys...
 
2013-01-04 08:39:21 AM  
as tax payers, do we have to...

... stick your nosey farking noses in other peoples' business on their own personal property?

Call the police, the guy next door didn't go to Sunday church!

What you need is a "Homeowner's Association," a tool for obsessive nazis who want to peek into their neighbors' windows and tap their phone conversations to band together and tell their neighbors what to do with their own personal property. Freedom isn't for everyone, after all--just for the people who do what you tell them.
 
2013-01-04 08:47:45 AM  

Quantum Apostrophe: Cyno01: Don't ask. Property "owners" are mentally ill. They enjoy paying more to receive less and being brainwashed by the realtors. As you can see by this article, home "ownership" is really the sign of an adult, not like those immature renters who refuse to grow up.


I rented until I wanted a bigger place. Paying $725 rent, I bought a place for $500/mo mortgage that's 3 times bigger (including a basement the size of my whole apartment) and 1.75 miles from the light rail (I have a folding bicycle), and the rail is right in my employer's rear parking lot.

I'll tear out the kitchen, build extra counter, add plumbing, add central vacuum, tile the floor, run 5/8 hardwood in the rest of the floor in the house (instead of that carpet), etc etc. It'll be a nice place to live in when I'm done.

And, in 3 years, I'll have it paid off! :D

/Parents wanted me to buy when prices were ridiculously high
//Renting makes sense until the housing market crashes
///People keep asking if I'm going to rent the place--rent for these units is $1200/mo!
 
2013-01-04 09:03:31 AM  
Got sick of renting and bought a house last year (in FL). Paid less than some folks drop on a luxury automobile. Neighbors very possibly could do something like this, but I don't care. It's a place to live, not a risk-free investment.
 
2013-01-04 09:04:59 AM  
My neighbor while he was building his house leaned a 4x8 sheet of plywood against the outside.   One side was painted bright purple and the other day glo green.     It looked like he was evaluating paint colors.   I asked him wtf, and he said he was screwing with Bob (our other neighbor).
 
2013-01-04 09:25:24 AM  
 
2013-01-04 09:35:54 AM  
People in FL get stupid over property values. The last neighborhood I lived in with my parents had a good example. It was a nice neighborhood, houses worth around $250k (1996-ish), gated community, HOA, etc. There was a pond in the center of one section of the neighborhood. For some odd reason the water feature was off center towards one end. Well when it broke from age the HOA put the new one in the center of the pond. One lady flipped her shiat because the old water feature was visible from her picture window and the new one was not. She filed suit for $100,000 for loss of property value. She wanted $100k because she couldnt see the farking sprinkler in the pond anymore. They ended up dragging the thing back off center so it was in front of her window.
 
2013-01-04 10:39:37 AM  
One of my favoroite books:
jillsbooks.files.wordpress.com
 
2013-01-04 11:28:32 AM  
bluefoxicy:
"I rented until I wanted a bigger place. Paying $725 rent, I bought a place for $500/mo mortgage that's 3 times bigger (including a basement the size of my whole apartment) and 1.75 miles from the light rail (I have a folding bicycle), and the rail is right in my employer's rear parking lot."

Damn, where do u live? I'm saving up for a house, but ill be buying in the hood. 30 year mortgages around here are often $4500 a month, sigh.
 
2013-01-04 12:05:03 PM  

o'really:
Damn, where do u live? I'm saving up for a house, but ill be buying in the hood. 30 year mortgages around here are often $4500 a month, sigh.


Baltimore City, terrible place. Also I have a 15 year but I pay extra.

Here's a hint: high interest rates are to your great advantage. High rates in general bring house prices down. You are still paying $400k, just $100k is "equity" and $300k is split between the bank and the Federal Treasury (the bank borrows money, if Treasury loans are 7% then the bank will want a 9.5% interest rate.. .right now they're 0% and the bank wants 2.75% interest).

So your house is cheaper, but most of what you pay is interest. You start with a low loan balance but pay much more.

My house, at 2.75%, $49094, is like P&I for the first payment is 70% principal. The P&I thing is hogwash for idiots: it's the amortization that if you wait a month between payments, you will accrue $X interest and pay a payment of $C, where your final balance will be $C-$X lower than it was after your last payment was made. They call that $C-$X your "Principal payment", but the truth is you accrue loan balance DAILY and you pay interest on interest.

Now, consider that your 30 year loan at 14% interest on a $400k house starts with a $100k balance, whereas at 2% interest you start with like a $350k balance, either way you pay $400k. (Yes these interest calculations are wrong; we can use real numbers, the effect will be the same).

If you double your payment on your 2% interest loan, you pay like 3.5 times as much "Principal". You skip 2.5 payments each payment.

On the 14% loan, your payments are the same because "housing prices went down" when the mortgage rates went up--because nobody can afford houses that suddenly cost 4 times as much, so those houses don't sell unless the prices come down.

You double those payments.

What happens here is since 90% of your payment is "Interest" and 10% is "Principal", you double your payment and make 10 payments at once. The amount of actual interest you pay vanishes and you pay almost nothing, you pay your house off in 4 years, and you start saving money like crazy.

I mean, if you just take a 14% interest rate when the market rate is 2.5%, you're getting screwed. Get the lowest rate you can. But when the lowest rate you can get is 13.75%, house prices come down in general. At that point, you can screw the hell out of the bank by buying a house that costs a fair bit less than you can afford. Never buy the biggest house you can afford; buy the smallest house you need plus a moderate comfort margin, and make sure you can afford a sizable payment above and beyond the base (or take the opportunity if it's cheaper than renting and nothing better is likely to come along any time soon--speculation).
 
2013-01-04 12:07:05 PM  
CapeFearCadaver:
"Upset with town, Cary man spray-paints own home"

Wonder whatever happened to that case? Looks like the homeowner won against the city twice, and it went to a 3rd appeal in oct last year, even though the homeowner died in '11. He claimed the city's drainage issues caused his lung cancer, ha.
 
2013-01-04 12:16:38 PM  

o'really: CapeFearCadaver:
"Upset with town, Cary man spray-paints own home"

Wonder whatever happened to that case? Looks like the homeowner won against the city twice, and it went to a 3rd appeal in oct last year, even though the homeowner died in '11. He claimed the city's drainage issues caused his lung cancer, ha.


Still in litigation with his Estate (daughter) I'd imagine. The town had been ordered to pay over 45k and it's been in appeal since then.
 
2013-01-04 12:24:09 PM  
"In Florida, where nothing is holier than property values"

Are you being sarcastic? I live in FL and it is the capitol of honky tonk!
 
2013-01-04 12:26:20 PM  
bluefoxicy:

"What happens here is since 90% of your payment is "Interest" and 10% is "Principal", you double your payment and make 10 payments at once. The amount of actual interest you pay vanishes and you pay almost nothing, you pay your house off in 4 years, and you start saving money like crazy."

Can't say that fully makes sense, but I'll take it into consideration.

Right now my rent is pretty low, the house is in the family, and I'm expecting (fingers crossed) to get a significant portion of the estate when the owner dies, which might be soonish, as she's in her 90s. The inheritance will make a big dent in the down payment on a different place (this one's a shiathole), hopefully making my interest manageable.

Housing prices are still pretty low (since the bubble burst) in my neighborhood, because it's a poor area. Crime's not great, but it's no baltimore. I just wish my neighbors would stop stealing my dog.
 
2013-01-04 12:47:35 PM  
67stang:
"In Florida, where nothing is holier than property values"

"Are you being sarcastic? I live in FL and it is the capitol of honky tonk!"

I thought guns would be even more important than houses. With that crappy weather, florida houses seem to fall apart all the time.

My roommate used to live in florida, he loved it, said everyone carried guns and cops never bothered him.
 
2013-01-04 03:47:45 PM  
I know a guy who spraypainted swastikas and other crap all over his house because he was mad at the town for making him tear down his illegal non-permited two-story garage he built out back. Why yes it was Florida.
 
2013-01-04 06:11:00 PM  
FTA: ""I think it's their house and they should be able to do whatever they want. So I don't have a problem with it," said Danny Fortner, who lives in the neighborhood."

Good on ya, Mr Fortner. Good on ya.

When you pay my mortgage, you get to tell me what to do with my house. Till then, f*ck off.
 
2013-01-05 03:12:48 AM  
bluefoxicy : And how much are you paying in city tax, school tax, water tax, insurance and upkeep? None of these things concern me when I rent. What if you lose your job? What if you want to move?

And the one thing I never understood about real estate... If you sell, you are homeless. You buy another house, but everyone else's house went up too, so, what did you gain, really?

Add in the inspection and realtor percentage, I don't see the benefit at all. Plus, I'm one phone call away from all repairs and they're not my problem.

The myth of "you get it all back when you sell"... who cares? I want money now, today. If I just look at 100$ a month condo fees for example, it's 1200$ a year that are gone from my point of view. That's a good 1 week all-inclusive vacation. I forgo a real service now for what? Condo fees?

I rent at 520$ a month. There's no way just a mortgage costs me that even if I can put down 20-25%. (I can BTW) Then add in all those extra fees and I'm paying 800-900$ a month into a black hole of taxes, fees and interest to the bank, the city and the insurance company, none of which are actually there to help me, but are there to take my money.

Since I can manage easily to save 5000$ a year due to renting, I can put it all into my RRSPs. (Or IRAs in the US I guess.) Since I did the same last year I get a return from the government. I actually put 10000$ a year into RRSPs.

So, I save 5000$ a year, I got 5000$ back from last year, so I can put in 10000$ this year which means I get 5000$ back again next year.

Please show me how I can make 5000$ from investing 10000$ into real estate in one year. You can't.

In my RRSP I can invest in things that have a far higher return than some pathetic real estate return of "barely outpacing inflation".

Plus, when my RRSPs increase in value, I don't pay more taxes the next year.

But, you have a lawn and bigger rooms to put in things you can't afford.

I guess I'm the loser.
 
2013-01-05 06:49:26 AM  
Quantum Apostrophe:

"Since I did the same last year I get a return from the government."

"Please show me how I can make 5000$ from investing 10000$ into real estate in one year. You can't."

Not sure what an rrsp is (retirement savings plan?) and why the govt would be giving you money on retirement investment.

To clarify, you're claiming you get an annual rate of 50% in the stock market? Or that the govt gives you 5000 for investing 10k? Neither seems plausible to me.

Yes, condo fees (hoa) do seem pointless to me.
 
2013-01-05 01:29:35 PM  
o'really: Yes, the RRSP is the registered retirement savings plan in Canada. By putting in 10000$ a year into an RRSP, I get to deduct 10000$ from my income at tax time. Then I get a refund since I overpaid taxes the whole year when the new income is calculated. And no, I can't just automatically deduct this at every paycheck, I checked, I don't know why, but I can't. Meh.

So from my point of view, I already save 10000$, and I get a magic check back of about 5000$. It's two checks (we love government in Canada) and it's not exactly 5000$, but close enough. So, I saved 10000$, and I get 5000$ back.

If I use the twisted logic of real estate, I have 15000$ now. Twisted or not, I have actual cash, not some poker chips tied into a property that may or may not increase in value.

YMMV, this depends on where and how you live, but my point is that real estate is not this automatic great deal. As a matter of fact, it's really quite crappy.
 
2013-01-05 06:42:35 PM  
Quantum Apostrophe:

Dunno bout canada, but I assume it's similar to usa.

If u want your payroll tax deduction to be smaller, just claim less declared "dependents"- or whatever it's called- on the w-4 equivalent form. Then u can invest it over the year and keep the interest.

I'm not sure bout rt now, but when I used to max out my ira, I think the most I could deduct was 5k a year. That's the us though.

And I'm not an accountant, but I still don't see how you get 5k back, plus the 10k. If your tax rate is 50 pct, you don't invest, you get 5k take home. You do invest tax free, you get the whole 10k. But not an additional 5k, unless your investment has an annual return rate of 50 pct, very unlikely without a high risk investment (worse than real estate).
 
Displayed 75 of 75 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report