When Herbert Hoover said, “Two chickens in every car, a fig newton in every pocket, and two cars in every garage”; OK, maybe he didn’t say it quite like that. Still, it was assumed that success meant owning your own home. Now, people are faced with the issue of buying or renting and it doesn’t seem quite that clear anymore.
From Forbes.com, Kelly Phillips Erb is pretty emphatic in her opinion on ownership. Her article “11 Reasons Why I Never Want To Own A House Again” addresses the complexity of ownership. By the title, you can tell that she has an emphatic opinion.
Her reasons include some obvious thoughts. Houses take a lot of your money! As the article also points out if you click to it, A buyer who pays $200,000 for a home will pay more than $156,000 in interest; or a little more than 5K a year when averaged over the life of the loan. A person in a 25 percent tax bracket would save only about $1300 per year in taxes, as a deduction.
Some people are now looking at homes as a place to live instead of an investment. As one person commented, “owning a home would be awesome, if you actually owned it”. These kinds of thoughts are completely contrary to past thoughts on home ownership. In another 15 years, will the pendulum swing back?
DID YOU KNOW that according to Ethiopian legend, drinking coffee started when a goat herder witnessed his goats’ energetic behavior after they had snacked on the berries of the coffee plant. It caused the herder to try the berries… and now we all enjoy the joy of coffee… unless you enjoy tea instead.
Of course, to make it more confusing, there are other historical claims for coffee beginnings.
For pic o’ day, here’s another possible thought on cat home ownership: