The Chit Chat Chit Chat Thread

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Lilofan

Well-Known Member
Goofyernmost said:
You are talking about individual rented houses. We are talking about rental communities regular or senior. In those cases the taxes are split by the number of apartments. It is a joint cost. In my case, we have 100+ apartments in this building alone, since it is owned by a corporation it is taxed as one unit to the corporation. Yes, we all pay a portion over the year, but it is minor compared to what an individual home owner would have to pay by themselves. Even apartment complexes are figured the same way.

If you rent a one bedroom the rent is whatever, but it is based on that one bedroom, then if you go to a two bedroom your rent is higher. That my friend is the additional way they recover the tax and overall maintenance costs. Three bedroom even more and so on. Whatever the situation, I do not get a property tax bill. I just get a constant monthly charge, tax included. Which is much less then what I paid for taxes. If you own you home outright, you don't have a mortgage payment, but you do have a whole bunch of equity that only fate determines if you will ever get to benefit from it. If you have a lengthy independent retirement plan, pension and savings then it is obviously worthwhile to stay put and only pay for the problems and the taxes. It is the unforeseen problems that can jump up that become problematic.
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One nightmare of home ownership is when your insurance company cancels your insurance ( they give you 90 day warning ) due to some companies limiting their exposure of areas of nature events etc, . Try finding another insurance company that writes new homeowner policies and before they inspect the homeowner has to spend a few hundred dollars to fix this and that . It’s not pretty.
 
Cesar R M

Cesar R M

Well-Known Member
work facepalm of the day:
"Do not report when a test is successful, only when it causes errors"
Then how the hell would you know the test was successful if you do not want any comment or report at all? :hilarious:

This ladies an gentlemen, is what happens when you put administrative managers of business experience with no technical training... in technical roles.

Also, this is from the person who claimed that I need to put more information of the tasks given to me so they are less confusing.
So... how I can prove I tested (aka I did WORK) if they do not want me to write that the test was successful? XD
 
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donaldtoo

donaldtoo

Well-Known Member
Goofyernmost said:
Of course over all it is included in the rent, but it is spread out over long periods of time in small doses. That is important when one is on a low fixed income. One doesn't have to replace Central Air conditioners, Refrigerator, Stoves, Roofs or other expensive items constantly. Most will last a long time, but they can shatter your budget when they do. I don't have to come up with $1500.00 for a large kitchen appliance or go out and find one.

One of the big things that no younger person thinks about, I know I didn't, is that there are no guarantee's that we will stay healthy and able to be mobile as we age. But, if one is afflicted with debilitating illness who mows your lawn, who paints your house or seals your driveway, trims your hedges and so on. All services that cost extra and in real time, not spread out over lower equal monthly payments.

There are positives and negatives to renting or home ownership, but sometimes it is just easier. I realize the a lot of people are very attached emotionally to their home. In that sense I guess I am lucky, to me home is where I live and my memories are, at least for now, still firmly in my head. They don't require a special building to stay alive. No matter how much energy and ability one has today, doesn't mean the same thing will apply a month from now.

If one finds themselves alone in a house full of memories, it can be depressing. Even when I got divorced, in my early 50's, I remember sitting alone in my long time home, the place where we raised our children and 30 years of married life no longer were there, the echo's of the good times from the past where always haunting me. I would sit in my living room and almost hear the little footsteps of my girls, the laughter, the noise, the good and the bad but mostly the joy. When I moved to an apartment complex surrounded with people it was a healing experience. That is true, especially now that I live in Senior Apartments. I am surrounded with people my age and still have freedom to get in my car and leave and return at will. If nothing else to spend time chatting with them or being alone instead of forced solitude. If we are lucky, old age comes to all of us and from what I can tell it takes us all by surprise, but aging requires more preparation then stashing away money. A whole lot of factors enter into the scenario that we didn't even slightly think about as we sped through life.
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Yes, again, I’m not advocating one way or the other, and I was posting about all rental. As I posted, Carolyn and I have discussed just selling and using the profit to help pay rent, and not have any of the home upkeep expenses, directly and suddenly anyway, as you posted.
Regarding all rental, and as an example, as some here may recall, I worked at a watercraft rental place, owned by an old friend of mine, on Saturdays years ago down on our local Lake Travis. His hourly rental rates had to have a bunch of CoDB factored in…fuel, wear and tear, etc. The summer I worked there, the lake was pretty low, and even though they were buoyed off, customers were constantly destroying props on “sand bars”.
He adjusted his rates accordingly, and lost no business that I know of…the watercraft were pretty much totally rented out on the weekends, including the large booze-filled party barge cruises.
Sounds to me like we’re on the same page…the last time I put brakes on my car, is probably the last time I’ll ever do the job myself…!!! ;)
 
donaldtoo

donaldtoo

Well-Known Member
MinnieM123 said:
Probably varies from state to state and/or municipality to municipality. I've never seen a property tax bill. My hunch is that when landlords sometimes raise the rent, some of that "might" be due to covering some of the tax bill. But again, I've never seen an actual tax bill, in all the years I've been renting.
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Oh yea, you’ll never see/get a tax bill as a renter, that I know of anyway. Only the property owner will, or it’s already wrapped up in their mortgage payment. The owner may absorb some of it sometimes, but, at some point it reaches critical mass, and they hafta’ pass a chunk, or all of it, along or they’re gonna’ end up in financial trouble. It seems like it can be a bit of a balancing act at times, and then, of course, there is supply and demand that factors in.
It just amazes me that for a 1-bedroom, 1-bath apt. the rent is substantially higher than our 3-bedroom, 2-bath house payment ever was.
Also, I looked up our old 3-bedroom, 2-bath house in San Jose.
When I looked it up a while back, it was estimated at $976K…it’s now estimated at $1.4M…!!!!! :eek::hilarious:
 
W

wdwfan4ver

Well-Known Member
Lilofan said:
One nightmare of home ownership is when your insurance company cancels your insurance ( they give you 90 day warning ) due to some companies limiting their exposure of areas of nature events etc, . Try finding another insurance company that writes new homeowner policies and before they inspect the homeowner has to spend a few hundred dollars to fix this and that . It’s not pretty.
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That is not the only thing with being a homeowner. I mentioned last week about about insurance wanting you to do certain things. I know a fact insurance companies want home owners to replace their roof after every 20 years even if the roof is in great condition with it able to last for 40 years.

Since I live in Wisconsin, I can give a roof replacement range. Roof is anywhere from $10,000 to $33,000 depending on who does the work and how bad the roof is when it comes to wood. Each state is likely to be different in roof prices. If the Roof has wood issue, it still can be under $20,000 in Wisconsin.

As far as a $33,000 roof goes, that is caused by what materials and stuff the roofing company does for trying to improve the value of the house.
 
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MinnieM123

MinnieM123

Premium Member
donaldtoo said:
Oh yea, you’ll never see/get a tax bill as a renter, that I know of anyway. Only the property owner will, or it’s already wrapped up in their mortgage payment. The owner may absorb some of it sometimes, but, at some point it reaches critical mass, and they hafta’ pass a chunk, or all of it, along or they’re gonna’ end up in financial trouble. It seems like it can be a bit of a balancing act at times, and then, of course, there is supply and demand that factors in.
It just amazes me that for a 1-bedroom, 1-bath apt. the rent is substantially higher than our 3-bedroom, 2-bath house payment ever was.
Also, I looked up our old 3-bedroom, 2-bath house in San Jose.
When I looked it up a while back, it was estimated at $976K…it’s now estimated at $1.4M…!!!!! :eek::hilarious:
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Just a side note here about the mortgage rate sometimes being even lower, than a rental rate. Some people may be aware of that, but the real issue is that many could not come up with the down payment amount , on a house. So that's also a common challenge among some of those who'd absolutely choose to buy a house, if the down payment wasn't so high.
 

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