Then please tell me specifics about my car....

If you read what I wrote and actually thought using your brain then maybe you would understand..... Let me dumb it down.

If you buy a house and commit to a 30 year loan and then move in the near future (for whatever reason) taking around a 25% lose (which seems to be normal in my area with the decline in the housing market) when/if you sell the house you will still owe the bank that 25% plus you will have to pay for a new place to live. I'm not staying in this area so how would that be smart? Plus as long as property tax is still around you will never own property. You will always pay rent to the government on the things you "own" until things change. Your argument is just straight dumb...

 

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.

 

That interest on that mortgage payment along with those property taxes would be tax deductible. The real out of pocket costs would probably be around 65-75% of the total bill. As opposed to the total rent that you would receive no tax benefits for in an apartment.

Plus... there is no fucking way that the housing market would CONTINUE to tank another 25% on top of what it is today... unless you live in Detroit.. in which case fuck you and move. You don't buy a house if you plan on moving every 3 years.. and 30 year loans are for the retarded.


I do financials for a living too... I would break out an amortization schedule for you.. but I usually get paid for teaching the fiscally retarded.

 

In case you missed it InkedIan.

We just broke it down for you.

 

You said it... Don't buy a house if you plan on moving. Like I said before I do. Plus, you say there is no way the housing market will continue to tank yet it currently is and nothing has changed to make me think it's going to get better. Also tax benefits/deductions for single guys with no children making over $50k a year are very small.

 

Currently HAS.

We are at about what it was before the housing market went through the roof (when they were giving people who made $50k annual income 500k houses). The reason the market was going down in most areas was the higher rate of unemployment, and the people who were originally given too much house...went into foreclosure. Now the market is moving back down to it's original position (and loans are more strict so it doesn't happen again).

We can feel that you move often. My question is why? You don't have to answer, but I'm just curious. Frequent job change? Change of scenery? Relocating for work? Ugly neighbor? Fucked the bosses daughter?

Tax benefits will always be there, regardless of what your marital status is. The interest you pay on a house is a write-off, so it actually saves you money per month when you break it down.

 

Wow, personal property taxes pay for our freedoms? Last time I checked they are given to us by the constitution and the bill of rights and fought for by our veterans... PPT Does not go toward military pay, I would know. I'm glad you can do simple math but me buying a house still makes no sense IF YOU READ WHAT I WROTE!

 

Taxes pay for freedom. Don't let anyone fool you.

So are you in the military? That would have saved us a bunch of time, if you would have said:
Hey bro's I'm in the military, so I move.

I get it.

CSVette and any of the younger military guys would be disappointed with you. You give them a bad name.

 

Contract security for the government. I go where the jobs are.

 

That was so easy.

Now we understand why it doesn't make sense for you to buy a house.

My guess is you are given a stipend similar to BAH due to the constant moving?