TIP: Click on subject to list as thread! ANSI
echo: automotive
to: Tom Walker
from: Mark Hofmann
date: 2012-08-07 17:11:18
subject: Re: GMC Suburban

TW> TOTALLY WRONG Thinking.
TW> I just cranked a few figures from younger years in the loan
TW> calcualtor and for a $95,000 Home Laoan with a $700 per month payment
TW> one would have only saved $93780 in Interest. THAT IS FAR from Rich.
TW> AND after the $700 stops that part of what you called "cost of
living"
TW> drops dramaticly as only a much smaller amount of property taxes remains
TW> 
TW> For those that can swing the payments NOT buying a house is Terminally
TW> STUPID
TW> 
TW> I canot express how great it feels to only be paying the property Taxes
TW> to put a roof over my head.

I look forward to the feeling only having to pay property taxes on our
place. We have a way to go, but we will get there.  

Also, you have to figure in the Interest write-offs you can do on your
taxes when you own a home.  The first 5-8 years of a mortgage are almost
all interest, which is a nice chunk to write-off.

- Mark

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