/v/Showerthoughts is a subverse for you to share all those thoughts, ideas, or philosophical questions that race through your head while in the shower.
"Showerthought" is a loose term that applies to any thought you might have while carrying out a routine task like showering, driving, or daydreaming.
Please be respectful of others' submissions. If you disagree, explain why in the comments. Downvoats are reserved for submissions you don't like or comments that do not add to the discussion, not opinions with which you disagree.
RULES
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Please refrain from shower "observations;" we've heard them all before
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Ideas for Voat features should be posted in /v/ideasforvoat, even if you think of them while in the shower
The spirit of this subverse's rules is to foster a community where dissent, free thought, and open discussion are tolerated, limited only to trolling, excessive abuse, site-breaking rules, or content that is better suited for another subverse. All moderation activity should operate within this spirit.
Moderation oversight: Deleted posts, Deleted comments, Banned users
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[–] hey_girls_pm_me_toes 0 points 1 point 1 point (+1|-0) ago
no. You can make a profit by selling your house
[–] obvious_throwaway1 0 points 5 points 5 points (+5|-0) ago (edited ago)
Generally speaking, in the typical case you need to spend money to renovate/modernize/maintain the house, and the traditional 30-year mortgage is mostly principle until the 10th year. Since the average home owner sells their house within 7 years of ownership, this means it's a minority that actually does end up making money selling their house.
Cost + appreciation - renovations/repairs/maintenance - sale price = net loss for most people.
[–] ScottRockview ago
Don't forget property taxes and insurance. I can think of no other "asset" that doesn't generate an income where you pay tax on it each year and have to insure against its loss.
[–] hey_girls_pm_me_toes 2 points -2 points 0 points (+0|-2) ago
Even with all that work you are adding value to your home. I never heard of anyone losing money when they sold their house unless they were idiots who bought in a bad area or got screwed on their rates
[–] 10124448? ago
if you're lucky. unless you put in serious sweat equity you might not even break even after considering inflation and transaction costs, especially if you move after less than 10 years or so
[–] hey_girls_pm_me_toes ago
I made a big chunk of money on my first house and only lived in it for a few years.
[–] Sosacms ago
If you pay in cash.