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   AUTOMOTIVE      Anything to do with cars      2,177 messages   

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   Message 1,285 of 2,177   
   Mark Hofmann to Tom Walker   
   Re: GMC Suburban   
   07 Aug 12 17:11:18   
   
   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   
      
   --- WWIVToss v.1.50    
    * Origin:  http://www.weather-station.org * Bel Air, MD -USA (1:261/1304.0)   

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