rRW>07 Aug 12 07:15, TOM WALKER wrote to ROY WITT:   
      
   RW> RW>> Some people don't believe that because the money paid in rent is a   
   RW> RW>> cost of living, no matter where that is. I had a friend who rented   
   RW> RW>> and put what he saved in loan interest into a money market fund. He   
   RW> RW>> died a rich man and someone else rented his apartment the following   
   RW> RW>> month.   
      
   RW> TW> TOTALLY WRONG Thinking.   
      
   RW>That's what I told him.   
      
   RW> TW> I just cranked a few figures from younger years in the loan   
   RW> TW> calcualtor and for a $95,000 Home Laoan with a $700 per month payment   
   RW> TW> one would have only saved $93780 in Interest. THAT IS FAR from Rich.   
      
   RW>I think he got rich from his fur coat trading business, when he lived in   
   RW>Detroit. He could very well have afforded a place of his own, if he wanted   
   RW>one.   
      
   RW> TW> AND after the $700 stops that part of what you called "cost of   
   RW> TW> living" drops dramaticly as only a much smaller amount of property   
   RW> TW> taxes remains   
      
   RW>This sounds like you're saying that property taxes go low as the property   
   RW>ages. That can't be, as my property taxes don't do that, nor did they do   
   RW>that in San Diego county.   
      
   RW> TW> For those that can swing the payments NOT buying a house is   
   RW> TW> Terminally STUPID   
      
   RW>True.   
      
   RW> TW> I canot express how great it feels to only be paying the property   
   RW> TW> Taxes to put a roof over my head.   
      
   RW>We could do that, but I'm reluctant to pull enough money out of the money   
   RW>and stock market to pay it off. It's better to let the gov't make those   
   RW>payments out of my SS check every month for now. And we still have the   
   RW>income from the markets to offset the interest paid...   
      
   RW>                R\%/itt   
      
   RW>... besides, IMNSHO, Ward Dossche should resign as ZC2 and surrender his   
   RW>... net node-number to the ZCC !            - Cato the Elder -   
      
   RW>... Reminder:   
      
   RW>... On Friday September 8th 2006, Mike Godwin's 16 year experiment was   
   RW>... concluded and Godwin's Law was officially repealed by a popular vote   
   RW>... among millions of individuals.   
      
   RW>... http://repealgodwin.tripod.com/   
      
      
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