I’m just grateful that my deductible 3.15% interest payment allows me to capture all my asset appreciation, while the money I haven’t used to buy my house is out there making about 7-9% every year.
You mean besides me.
What do you mean by own? No mortgage? Every spigot boy should know that the Feds assets were MBS's, lederhosens full of MBS's. But they've been selling those MBS assets off to tighten the money supply which has resulted in rising interest rates. But I know that a good little Spigot boy knows these things.
How could I forget. Messy has been keeping me busy. How's the Beef Jerky market share coming along
Sounds like a match made in heaven. The bank collects money every month at about 9 times your interest rate of 3.15% according to the amortization schedule for 840k at 3.15% with only 10 years left even gratuitously assuming you were always at 3.15% without refi, which you did for 100k of education. I didn't account for that to show that you're still easily near 30% in interest payments a month! Sounds like your simulation is wreaking of asset-ness.
You don’t know what “own” means? Why do I have to always explain to you? How come you know so little? When you have the grant deed, you “own” the house. When you have the trust deed, you are the “lender” on the house. It’s not complicated, as I keep trying to explain to you so you can stop being so poor.
Poor thing. Again you have no idea what you’re talking about, lost in complication and missing the forest for the trees. Sounds fancy, though.
Absolutely marvellous old boy, about to go national you know.
I had to ask because most of you think that "the mortgage is immaterial in the example anyway". It's quite material though because without it, we aren't having this conversation. I did know that some domiciles come without mortgages...just like some horses come with a horn on their head. Paying a mortgage off over 30 years is dumb. Ask messy. He didn't get rich by paying off mortgages over thirty years. There has always been positive value to messy's domicile from day one. Just zero net income from that unrealized positive value. The Fed creates ink out of thin air, just like money spigot boy.
Sounds like you're confused.
To me, there are few things worse than being a landlord...some things are more important than “net income.”
Why would your lender be poor. You're still paying 27% interest payments a month on the house that you own.
Absolutely. Time Value of Money is King.
Because if I laid out big chunks of money at a very low interest rate, I would stay poor. That’s the bank’s problem. I’m just buying a house that grows in value and provides me with housing at a very low interest rate. The bank’s money is too cheap to be a good investment. It’s probably break-even for them because they make money off me in other areas.
Your amortization schedule says otherwise. Like you said. Being a landlord sucks, but that's where you actually own an income producing asset.
1. The amortization schedule doesn’t say otherwise. Only you do. 2. My saved rent is my net income. And that’s a lot.
Pardon me, do you have any grey poupon?
