Join Date: Feb 2010
Location: Narragansett Bay
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Re: Domicile or Residence...
I only mentioned condo fee's because when you add them to property taxes it does increase your monthly nut. Problem I have w/ a condo is "air space" is all you really own.
Fair point, all must be taken into account. But, if you own a fee simple single family home, it has serious cash flow requirements too.
Ask anyone that purchased their home in the '05 to '06 timeframe in just about any US metro area and they can tell you what air space is. It's the lost value of what they thought they owned.
Don't get me going on the "American Dream" to own one's home. Its a contrivance. Nothing against it, but one would have been much better off renting over the last decade and probably the next to come.
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