Originally Posted by idriveahonda

The market here in 757, is about as low as it is going to get. The ONLY way it will get to this magic 25% lower you speak of is if we A) get into a long nuclear war and the draft is re-instituted B) NOB and Oceana close C) we turn full Socialist. Or if Rich decides he is going to buy Virginia Beach and monopolize this motherfucker.

And FYI, PPT is a good thing, it shows you are actually worth something (or are in the process of being worth something). Liquid assets are nice, however there is more into a persons value than the amount of cash they hold. Yes, it sucks you have to pay it...but that is one of the things you must pay for the freedoms you have.











Like the freedom to be a moron.





Let me give you another real quick math lesson:
PPT on a home (annually) of $250,000 = $2,500 (based on $1.00 PPT per $100 home value)

So, I pay $2500 per year in personal property taxes.

You spend $18000 a year in rent, and OWN nothing.

You pay less in a year on PPT, than you pay in income tax. Why don't you throw a fit over that? Is the government robbing you?

30-year mortgages are a thing of the past. MOST people nowadays should be doing 15-year mortgages (that means they have a VERY solid income per the expense of their mortgage). If anything, start 30-year FHA, then refinance when you get some equity in your house to a 15-year.

Listen, I crunch numbers for a living. This argument you are trying to win, just makes me laugh.