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|User Info||Windup Wednesday; entered at 2008-05-28 23:17:59|
Registered: 2008-03-17 Mid Atlantic
Great Ticker KD. All points well taken and well written as usual. |
It did leave me sorta uncomfortable though. I hope people don't conclude 1)that all military personnel are dupes that can be led around by RE and mortgage professionals and that 2)all people moving money abroad are rich and/or evading US taxes.
I also hate the insinuation that occasionally runs around the Forums that those receiving or anticipating receiving Medicare and social security are somehow leaches. Self-employed folk paid the whole 13% in themselves (me) some of which went to pay benefits to the retired of the time. The rest was supposed to be saved and invested to pay out for future retirees. Reneging on the pledges inherent in the system, whether you agree with it or not, is reprehensible, about like Enron defaulting on the retirement benefits of their employees after decimating the value of their small stock holdings. My organization's pension plan was structured to supplement SS and thus, removing SS and Medicare, even with my savings, would put me below the poverty line.
I perfectly understand and agree that ALL the transaction costs in housing (or any other asset) are bundled up in the selling/buying price. That's why people FSBO. They want to sell at the higher price and pocket the realtor's alleged commission. Greed. There are complications of course...they want to list it too high and a listing agent won't waste time and money trying to extract over market price. Or, they are underwater on the house(lots of it these days) and they hope to curtail some losses by doing the work themselves and saving the commissions. (Ex realtor here.)
My summary 2 cents worth for the evening.
Last modified: 2008-05-28 23:20:34 by growngfree