I don’t think someone could be responsible for buying, building or paying the mortgage. The real problem is that people are the ones that buy and build. We have the habit of buying and building our way to a place that is built on top of our genes and will not be taxed.
The problem is that the only way to buy a home that is built on top of your genes is to own a home. So if you are a billionaire, you can buy a home, but you will be taxed on the money you spend on the mortgage, property tax, and homeowner’s insurance. The government doesn’t care who builds the home, that’s up to you. It is illegal for you to use your money to pay for a home that is built on top of your genes.
The problem with selling a home is that you don’t get to build the house. Your parents don’t build a house, they buy a home. If you have a house that is built on top of your genes, so does your parents also. You need to build a house.
I get it. There are a lot of people who just wanted to live in a place that was their own, but just couldn’t afford one. In a sense, the government has already stolen your inheritance and made you a slave. This is why you need to put your money where your mouth is and buy a house.
I want to talk about this like I have a job. When I buy something, my job is to sell it to people who are ready to buy it. I did a podcast interview recently with a couple of people who are selling their stuff on ebay which is a platform that connects sellers with buyers. One of those sellers is a woman who is selling a house on ebay who just got an offer on the house that was about to go on sale.
The seller, who is in no way affiliated with ebay, decided to take advantage of an inexperienced buyer. She had a couple of people that were bidding on her house (which was actually a foreclosure) and was trying to get them to add their bids to the auction. She thought this would make them part of the sale, but instead they were biding their time on her house because she was so desperate to sell, because she was trying to get out of a foreclosure.
That is so weird. If the house was a foreclosure for $80,000, the auction would have been over in a matter of hours. But she has a friend that works for the home owner’s association. They know her as a potential purchaser and are not willing to take a chance on the auction being over so quickly. Instead they’re just biding their time on her house.
This is where the whole “bidding on houses in foreclosure” scenario comes in. A friend of mine once tried to buy a house in foreclosure and I said to her, “I’m really not interested in foreclosure auctions, just look at the homes I’ve bought in a foreclosure for years. You can’t compare them to the ones where I sold them.” Of course she refused to listen.
You might see it as a sign that the house you’re buying is actually worth much more than you are thinking. But if you’re buying a house where you’ve only got $50,000 in it, then you might not make the right decision. It might just be a sign that you should try to sell it for something closer to your means.
Really, you should just stop and think before you buy a house. A lot of people end up buying a house just to try to sell it at a bigger profit. It’s just a habit.