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.   
      
   As a side note that interst paid was on a 7% loan   
      
   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.   
      
   NO, the Property taxes are the same was when paying the loan. Except for   
   the Political Manupliation each year. BUY with out the Interest and and   
   whatever goes into equity the cost of the roof over your head does go   
   down. My property Taxes right now are running $176.00 per month.   
      
   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 concluded and Godwin's Law was officially repealed by a popular vote   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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