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**yespkorg** · 07-25-2012, 04:28 AM

LOL Sorry Skinir,

I posted that hypothetical situation because I know lots of people here are a hell of alot smarter then me, some people are book smart and can run numbers, and some people are just tenacious and take chances here and there.

I think I fall into the latter category, and as much as I would like to say yep your right, and just shut up, I just can't .........cause I just smile and collect my money.

That mortgage runs at 4.25 %, 15 year note, refi-ed 1 time, yes it was 2000 down, and I have never paid or spent 1700 k a year for upkeep,maybe my time (labor) it was empty 2 months in the last 5 years.
4 more years and its free and clear.

No apology was required; you sufficiently communicated the idea, I just crunched the numbers to see if it passed muster. However, if what you say is true, then perhaps I was more dismissive than was warranted, though past performance is not a guarantor of the future.

I didn't know they offered mortgages with so little money down; was this during the bubble?

At this juncture, I have started to view things as thumbscrews, in that they can be turned to exert control, and the slower the better. Housing is one of them: complying with some odious regulation XYZ often costs less than the hit one would take if one sold the damn thing and was done with it. Same with driving - instead of kowtowing to the insurance weasels and tax collectors, I sold the car.

Hasn't it always been the case that single people rent, whereas couples buy houses? When you've got a family, that's the time to put roots down and hold your ground. Children are like little investments that mature in 20 years, with the payoff hopefully much greater than the cost.

If you are single and purchase property, you're simply tying yourself down unless you are in a unique situation.

It is likely a pre-existing cultural bias.

07-25-2012, 04:28 AM	#17
yespkorg Join Date Oct 2005 Posts 470 Senior Member	LOL Sorry Skinir, I posted that hypothetical situation because I know lots of people here are a hell of alot smarter then me, some people are book smart and can run numbers, and some people are just tenacious and take chances here and there. I think I fall into the latter category, and as much as I would like to say yep your right, and just shut up, I just can't .........cause I just smile and collect my money. That mortgage runs at 4.25 %, 15 year note, refi-ed 1 time, yes it was 2000 down, and I have never paid or spent 1700 k a year for upkeep,maybe my time (labor) it was empty 2 months in the last 5 years. 4 more years and its free and clear. No apology was required; you sufficiently communicated the idea, I just crunched the numbers to see if it passed muster. However, if what you say is true, then perhaps I was more dismissive than was warranted, though past performance is not a guarantor of the future. I didn't know they offered mortgages with so little money down; was this during the bubble? At this juncture, I have started to view things as thumbscrews, in that they can be turned to exert control, and the slower the better. Housing is one of them: complying with some odious regulation XYZ often costs less than the hit one would take if one sold the damn thing and was done with it. Same with driving - instead of kowtowing to the insurance weasels and tax collectors, I sold the car. Hasn't it always been the case that single people rent, whereas couples buy houses? When you've got a family, that's the time to put roots down and hold your ground. Children are like little investments that mature in 20 years, with the payoff hopefully much greater than the cost. If you are single and purchase property, you're simply tying yourself down unless you are in a unique situation. It is likely a pre-existing cultural bias.
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