Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Up Yours Marxists

Just a brief analysis...

30 yr mortgage rates run about 3.5%.
Knock a third off of that for the tax deduction.

Then factor in inflation,
and you’re probably making money on the loan.


63 posted on 11/13/2015 5:44:29 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: MrB

When you rent, you are just buying the property for
someone else.


65 posted on 11/13/2015 5:47:08 AM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 63 | View Replies ]

To: MrB

“you’re probably making money on the loan.”

Maybe so.
You’re also obligated to make that payment _every_month_ (in some states, one day late and the bank can repossess), and are otherwise beholden to the mortgage lender on assorted issues (remember that was a THICK pile of paperwork signed to get the mortgage).
Basically: if you’re going to play the “make money off the loan” game, make sure you’ve got the price of the house already in savings.


81 posted on 11/13/2015 10:42:10 AM PST by ctdonath2 (History does not long entrust the care of freedom to the week or the timid. - Ike)
[ Post Reply | Private Reply | To 63 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson