Waterfront Poor

[AC2717]

Originally Posted by ITD

Don't fall for it Scubajay, I'm not even taking into account your wife's salary, if she works, which will increase your extra payment even more. All of this because people like Les think it will lower their property tax bill, which will never happen. No one likes to hear a millionaire gripe about taxes, which is what Les is, a millionaire griping about taxes. I'm even willing to bet the part about eliminating the interest and dividend tax will help Les out even more, just guessing there.

You guys have it wrong,
this what we call asset rich and money poor, yes he might be a supposed millionaire, but only if he were to sell, and just because he bought in early before all these high prices makes him luckey or a good market forecaster, remember I say this as not a friend or an enemy. I hardly ever agree with FLL. Most people think oh they have a place on the lake must be nice, I tell you I pay my mortgage and taxes up there and down in RI, Yes I am asset rich, but not money or liquid rich, and in possible chance to put money in my pocket I would have to sell my cottage and keep the money, taking away the cottage from my family and friends, so there is a trade off. And you need to understand that, I only have a small, very very small season camp cottage and it costs me over a $1,000 a month, mostly taxes, not including any condo or insurance fees.