Comments on: A Look at The Automatic Millionaire Homeowner by David Bach http://www.consumerismcommentary.com/a-look-at-the-automatic-millionaire-homeowner-by-david-bach/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Fri, 25 May 2012 23:08:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: terry http://www.consumerismcommentary.com/a-look-at-the-automatic-millionaire-homeowner-by-david-bach/comment-page-1/#comment-66487 terry Thu, 19 Oct 2006 20:00:08 +0000 http://wp.consumerismcommentary.com/?p=882#comment-66487 What does Bach - I think those words were his; I've browsed the book - mean "ready to give back to the community"??? ( I have rented my entire adult life and I figure I've given back to the community more than the average homeowner in my neighborhood. I have built wealth for my landlords, surely that must be considered giving back. My home has been taxed for schools at four times the rate on owner-occupied homes, so it could even be argued that renters give back to the community more than do homeowners merely through property taxes. And I have been on the board (two years) of my neighborhood association. Now I'd love to own a home, but on my pathetic income, it's highly unlikely. How about allowing low-end ownership opportunities not currently allowed? What does Bach – I think those words were his; I’ve browsed the book – mean “ready to give back to the community”??? (

I have rented my entire adult life and I figure I’ve given back to the community more than the average homeowner in my neighborhood.

I have built wealth for my landlords, surely that must be considered giving back. My home has been taxed for schools at four times the rate on owner-occupied homes, so it could even be argued that renters give back to the community more than do homeowners merely through property taxes.

And I have been on the board (two years) of my neighborhood association.

Now I’d love to own a home, but on my pathetic income, it’s highly unlikely. How about allowing low-end ownership opportunities not currently allowed?

]]> By: Mark http://www.consumerismcommentary.com/a-look-at-the-automatic-millionaire-homeowner-by-david-bach/comment-page-1/#comment-55055 Mark Mon, 07 Aug 2006 15:17:39 +0000 http://wp.consumerismcommentary.com/?p=882#comment-55055 Overall I like this guys no-nonsense approach to generating wealth but I'm a little disappointed he threw his hat into the real estate wealth arena. Especially without giving his readers a well rounded view of the potential downside of a market that will most likely change dramatically over the next few years. I've made a major turnaround financially over the last 5 years in real estate investing but I've also seen others seriously threaten their financial security by buying homes with a vague notion that it's always going to work out for them. The simple fact that rents aren't meeting up to mortgages in most coastal cities is going to do in a lot of new investors in the next couple of years. Overall I like this guys no-nonsense approach to generating wealth but I’m a little disappointed he threw his hat into the real estate wealth arena. Especially without giving his readers a well rounded view of the potential downside of a market that will most likely change dramatically over the next few years. I’ve made a major turnaround financially over the last 5 years in real estate investing but I’ve also seen others seriously threaten their financial security by buying homes with a vague notion that it’s always going to work out for them. The simple fact that rents aren’t meeting up to mortgages in most coastal cities is going to do in a lot of new investors in the next couple of years.

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