IDIOCRACY
Diamond Member
- Nov 16, 2017
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Simple calculations online. I can only speak where housing $ tends to increase. Barring any real set-backs like the housing crash that you know, was supposed to be Bush's fault. What deep thinkers.
My house literally closed 9-11-01 incidentally, they couldn't get us in fast enough. Custom home on a 1/2 acre in location really matters for 236K. I built the exterior for 18K, including 600 ft fence and rock I won't bore with....Today a landscape co would run 300K easy. Let's not pretend people aren't earning money today, shit, down the street a guy just had a putting green installed for about 400K. Almost as many rocks as me, but way bigger, took them a pinch over a year, progress everyday weather allowed, 2-5 guys daily. So many people are RICH today. And zillions of millionaires for everyone, I still remember when a millionaire had meaning.
My place shot up to 600K. Coincidentally, appraised for 236K again at rock bottom. I didn't care, cause I used covid to pay it off with great loans that worked for me, which was awesome because of dumbass LOW rates. Some would say aggressive, but I only owed 180-ish when 9-11 hit, followed by the crash. **** they were remodifying ARM loans for free sometimes, I must have chased 8 loans. I was lucky though.....I attacked the loans, though it initially cost me 5K equity to do so, long story why short to say 9-11 changed lots of things -,same the housing crash.
Again, ******* A, for the common guy like myself..... if your interest rate is 6% then so is every dollar you spend on principle, all while the savings/investment is progressive - the more the merrier. I attacked them with principle every time I could, must have saved 100s of thousands - a divorce will do that
- I paid it off twice. Just an average Joe.
Figure a starter home is 400K today. You need 80K banked (minimum) to avoid mortgage insurance, which is expensive insurance. I recall the mortgage, tax and insurance on that 400K investment runs $2300 a month, BEFORE YOUR TAX WRITE-OFF, so perhaps a $1900 net expense. What's rent where you live? Where I live a $1900 home expense beats what you get for the price of modest rent, if even that. Rent that continually increases with inflation, your home doesn't do that. Attack the mortgage if you can't beat your mortgage interest rate tax MFing free - which you likely can't. Don't live beyond needs often, stop ******* buying stuff, eating out etc., though I'm frugal and resourceful, it's kind of like cheatn☺ Personally, I wanted it off the books too. Today my place is 850ish, though much can be contibuted to covid think, and a Californian Exodus.
If you can't save 80K (plus), then you're doing something wrong or simply just not ready. Stop wasting ******* money on shit - New car, bling, and Europe or a house and some elbow grease? Stuff and pampering comes, ****, I loved Europe, but I'm an "old" shit 64........ Speak of Europe, and maybe new cars, specials too. It comes, cuz your only home expense is tax/insurance and upkeep.....Bingo!☺
******* "liberals"....On one hand open invitation to foreigners is hip, but then complain about prices. Probably doesn't even know US property is available to anyone in the world, Ca. says hi. All that and more is why the State's exodus....In Cal's mind Foreigners>US Citizens, the data doesn't lie.
My house literally closed 9-11-01 incidentally, they couldn't get us in fast enough. Custom home on a 1/2 acre in location really matters for 236K. I built the exterior for 18K, including 600 ft fence and rock I won't bore with....Today a landscape co would run 300K easy. Let's not pretend people aren't earning money today, shit, down the street a guy just had a putting green installed for about 400K. Almost as many rocks as me, but way bigger, took them a pinch over a year, progress everyday weather allowed, 2-5 guys daily. So many people are RICH today. And zillions of millionaires for everyone, I still remember when a millionaire had meaning.
My place shot up to 600K. Coincidentally, appraised for 236K again at rock bottom. I didn't care, cause I used covid to pay it off with great loans that worked for me, which was awesome because of dumbass LOW rates. Some would say aggressive, but I only owed 180-ish when 9-11 hit, followed by the crash. **** they were remodifying ARM loans for free sometimes, I must have chased 8 loans. I was lucky though.....I attacked the loans, though it initially cost me 5K equity to do so, long story why short to say 9-11 changed lots of things -,same the housing crash.
Again, ******* A, for the common guy like myself..... if your interest rate is 6% then so is every dollar you spend on principle, all while the savings/investment is progressive - the more the merrier. I attacked them with principle every time I could, must have saved 100s of thousands - a divorce will do that
- I paid it off twice. Just an average Joe.Figure a starter home is 400K today. You need 80K banked (minimum) to avoid mortgage insurance, which is expensive insurance. I recall the mortgage, tax and insurance on that 400K investment runs $2300 a month, BEFORE YOUR TAX WRITE-OFF, so perhaps a $1900 net expense. What's rent where you live? Where I live a $1900 home expense beats what you get for the price of modest rent, if even that. Rent that continually increases with inflation, your home doesn't do that. Attack the mortgage if you can't beat your mortgage interest rate tax MFing free - which you likely can't. Don't live beyond needs often, stop ******* buying stuff, eating out etc., though I'm frugal and resourceful, it's kind of like cheatn☺ Personally, I wanted it off the books too. Today my place is 850ish, though much can be contibuted to covid think, and a Californian Exodus.
If you can't save 80K (plus), then you're doing something wrong or simply just not ready. Stop wasting ******* money on shit - New car, bling, and Europe or a house and some elbow grease? Stuff and pampering comes, ****, I loved Europe, but I'm an "old" shit 64........ Speak of Europe, and maybe new cars, specials too. It comes, cuz your only home expense is tax/insurance and upkeep.....Bingo!☺
******* "liberals"....On one hand open invitation to foreigners is hip, but then complain about prices. Probably doesn't even know US property is available to anyone in the world, Ca. says hi. All that and more is why the State's exodus....In Cal's mind Foreigners>US Citizens, the data doesn't lie.
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