Hüsker Dü
DA
*left unanswered previously.
Essential Economics for Politicians
- Thread starter Bruddah IZ
- Start date
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- Tags
- finance too
Sheriff Joe
DA
Because he never did.
I feel for you, but no need to make shit up.
It's ok to admit you are wrong.
He actually once called it "a wash." Hard to believe at the time. Now I understand how absolutely ignorant he is about financial matters, so it's not surprising.
You got it.
Hüsker Dü
DA
Nutters don't do answers.
Sheriff Joe
DA
Donna Brazile Defends Obama over Russian Meddling in 2016 Election
BRENDAN SMIALOWSKI/AFP/Getty Images
PENNY STARR 20 Apr 2019
Longtime Democrat operative and newly minted Fox News contributor Donna Brazile defended former President Barack Obama and his administration over Russia meddling in the 2016 presidential election, saying she believes they did “everything they could.”
“I think they did everything they could without sounding all of the alarm bells,” Brazile said on Fox News’s The Daily Briefing.
“If Obama did more on Russian meddling, she said, critics would have accused him of trying to help his former Secretary of State, Hillary Clinton, in her race against then-candidate Donald Trump,” Fox News reported.
“He was in a box,” Brazile said of the former president.
“Perhaps President Trump is in a box,” she added, before calling for action to prevent future meddling.
In the Fox report, Brazile claimed it was the Trump campaign that “exploited” information from WikiLeaks, which has suspected ties to Russia.
“Every day, the Trump campaign would get the WikiLeaks information; they would blast it,” Brazile said. “He used it in his daily rallies and daily meetings.”
“Brazile, who served as interim Democratic National Committee chair during the election, backed away from making any determination about whether her party should pursue impeaching the president,” Fox reported.
The Mueller report concluded that neither President Trump nor anyone in his presidential campaign colluded with Russia but stopped short of clearing the president of obstructing justice.
Special counsel Robert Mueller’s decision to leave the obstruction question open has been snapped up as what Democrats have called a “road map for impeachment.”
One of the Democrat presidential candidates, Sen. Elizabeth Warren (D-MA), announced on Twitter on Friday that she supports starting impeachment proceedings.
But Brazile backed away from endorsing an effort to get the president removed from office.
“I think it’s premature to talk about what the next step is,” she said. “Before we can move into what I call the impeachment gear, perhaps we should just dive into this report.”
“Like Brazile, DNC Chair Tom Perez appeared to sidestep impeachment questions on Thursday and said it was unclear whether or not obstruction occurred,” Fox reported.
Bruddah IZ
DA
I found renting advantageous when I couldnʻt afford to take on a death pledge a.k.a. A mortgage.
Bruddah IZ
DA
A wash is when you realize your debt is collateralized by the house that you donʻt own yet consider your asset. Lol!! Fries U!! What a deal. If you were smart youʻde be using your equity to pay off your mortgage. If only.....
Hüsker Dü
DA
Oh, that explains everything, sorry you lost your home.
You say that because you don’t understand money...as I constantly tell you.
I will pay off both my mortgages if you explain why paying them off is better for me, financially, then keeping them at, Jesus it’s like 3.125%, and making 7% of my money that’s not invested in my houses. So I make the “spread,” do you understand?
See how that works? I would be a dummy to pay off my mortgages.
You are a dummy, so you don’t have money for even a down payment.
And did you know that I have gained massive appreciation in house values and the bank gets none of that?
Good advice, Iz! You know your stuff!
Bruddah IZ
DA
Lol! Donʻt be sorry. I lost it to a buyer and moved on to the next one about 2 years ago. That one will be paid off in 4 years and 9 months....projected. Unless I find a better deal during the upcoming recession.
Bruddah IZ
DA
Massive appreciation? Whatʻs your current LTV?
Funny shit. At best, you’re tripping over dollars on the way to nickels because you run scared.
If that means loan to value, one house has about 20% as a loan and 80% as equity.
The other is about 65% loan/35% equity.
Yes, massive appreciation.
Bruddah IZ
DA
Lol! I love your insults. They are substitutes for knowledge.
Bruddah IZ
DA
So youʻre not paying off the 20% or 65% for tax purposes? Are they rentals or domicile?
Bruddah IZ
DA
Actually I’ll make a payment on Monday that will eliminate 65k in amortized interest and replace it with 14k in simple interest. You can do the math. That’s a lot of nickels!!
How mi
See how to analyze it?
And again I’m not in real estate. I make my money at my day job.
that tells me nothing unless how tell me how much the payment is, what the new rate is compared to the old rate and whether it’s deductible (as is the mortgage interest).
See how to analyze it?
And again I’m not in real estate. I make my money at my day job.
Why would I pay them off? I explained already that I make money on the spread and paying them off is what smart people call “a bad investment.”
I get my loan at just over 3% and it’s deductible.
I invest my money at around 7%.
I get the appreciation on the houses anyway. Why would I use valuable money to pay off my mortgages early?
That’s twice now that I’ve explained this to you.
Bruddah IZ
DA
The current rate is 3.75% amortized. The new rate is 3.99% simple interest. The payment doesn’t matter as much as the method of interest calculation. Interest is not deductible but you don’t really care about that if you’re netting a substantial reduction in interest payments.
Bruddah IZ
DA
Do the analytics. Take an amortization schedule. Plug in all your numbers from the loan start date, interest, loan amount and calculate, then amortize. Then take a portion of your equity. Say 40k. Pay 40k to your amortized loan, on paper by subtracting the 40k from your current amortized balance. Find the number of the month that is associated with the new balance you calculated. Sum the total of the interest only between your old balance and new. Then take the 40k and multiply it by the simple interest rate for the HELOC. You’ll arrive at an annual rate that you’ll divide by 12 to get your monthly interest payment to the HELOC. The difference between the amortized int. you are scheduled to pay and the simple int. that you pay will be substantial enough to off set whatever tax benefits you perceive to be more beneficial.