return2ozma@lemmy.world to Lemmy Shitpost@lemmy.world · 18 hours agoBoomers scolding us about how they were able to buy a house working at a gas station...lemmy.worldimagemessage-square66fedilinkarrow-up1412file-text
arrow-up1412imageBoomers scolding us about how they were able to buy a house working at a gas station...lemmy.worldreturn2ozma@lemmy.world to Lemmy Shitpost@lemmy.world · 18 hours agomessage-square66fedilinkfile-text
minus-squareBCsven@lemmy.calinkfedilinkarrow-up2·3 hours agoThey mean if they sold it now they’d have 50 years of rent now, instead of waiting 50 years to accumulate that amount. All that money now is worth more then getting it later.
minus-squareModern_medicine_isnt@lemmy.worldlinkfedilinkarrow-up1·1 hour agoDon’t forget taxes. All they have to do is “move in” for a year or so to get a massive tax savings on the sale.
They mean if they sold it now they’d have 50 years of rent now, instead of waiting 50 years to accumulate that amount. All that money now is worth more then getting it later.
Don’t forget taxes. All they have to do is “move in” for a year or so to get a massive tax savings on the sale.