Isn't it funny to see Rune trash "the rich" yet try to imply that he himself is "rich". Mortgage free, half a million dollar boat...,..
Sailor (04-29-2017)
Ok Rune, so I bought my condo for under a mil. Today it is probably worth one and a half. Of course I get the benefits of tax write offs that come with it.
But according to you I'm stupid for that. I should spend $7K/mnth for rent, with no write-offs, and do what with the remainder of the money?
Good question. That really depends on the type vessel, permits you have, how well she is kept up and most importantly how seaworthy she is. Once she is a legend (known as a fishkiller and and always get you home boat no matter the weather) the value increases. A lot.
You can see how quickly it can go the other way if any of those traits are the other way. I imagine it is something like real estate in a way.
Sailor (04-29-2017)
Rune, I said read about Prop 13. I don't pay property taxes based on today's market value.
Nor did you address what I should have done with my money other than buy a home
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