Ukraine war Bullshit.
- Thread starter JAS-SH
- Start date
Anyone who pays property tax is in perpetual debt. If in doubt, stop paying.
And you may break even due to the devaluing dollar from inflation.
True enough.
But still farther ahead than pulling all the cash out to pay off the mortgage.
meh
Hope you have a better day.
I'm having a fine day.
No cognitive dissonance here from failed attempts to reconcile ideological fantasies with real life.
One dimensional thinking represented as a clock. 
Define "modern".
Credit has been around for at least 4,000 years. The Code of Hammurabi allowed interest to be charged on loans to the tune of 20% or 30%.
Si.
Probably a few more similar examples.
If the lights are on and the water is flowing along with virtually any other "subscription" service you are likely purchasing these services on credit. Unless your credit is so bad they make you pay for next month's electricity and water in advance.
Why do you give example of costs? You give your work on credit and get paid (if) after you do it. Thats really poor example as what we are talking about and is relevant to Ukraine context is ability of society to manipulate. Now exhange society with commercial banks and/or government issued debt being a main driver of money creation and paired with abuse (over leverage or “too big to fall” or “social handouts or “ Ukies not paying back” and change or to and -> current fuckery and mess) you get modern society where money is created out of thin air, linked only to electronic trail of “we will in x years pay it back” and in a few years plenty of people will find out that its not only Ukies that aint gonna pay. Hence the push towards the war to thin the herd and make problems for the rest bigger than government issues IOUs and their inability to pay up.
. Sure it's "better" if you are all about the rat race. Many are not about keeping up with the Jones. Pay for the property and monthly add the payment amount minus 10% to the 15% investment leaves you cash in hand and a growing investment and freedom from debtors.
To each their own
Yep, No one has ever saved money by paying a mortgage. The reason all banks & mortgage company's always have slick adds telling you how its better to pay for something that own it outright. They have the none thinking in the palm of their hands with the debt leash ready to apply pressure anytime they want.
Pay for the property and monthly add the payment amount minus 10% to the 15% investment leaves you cash in hand and a growing investment and freedom from debtors.
To each their own
Dude, it's all about that credit rating!! They have been indoctrinating that forever. Kinda funny that if you are debt free and a vast amount of cash available that your credit rating is in the shitter. In debt so deep that it consumes 90% of your income and your credit rating is good.
The "how much can you afford to pay monthly" is the societal way.
Up is down, ect.
Laughing,... Yea, When you play by the rules of others, winning is never in the cards for you.
Better numerically.
Not interested in the Joneses, house is paid for, 2012 4runner is paid for, boat is paid for ... don't have any debt.
When I did have a mortgage it was at 3% as described above. Money in the bank was earning a lot more than 3% so it didn't make sense financial or numerical sense to take money out of the bank that was earning more interest than I was paying on the loan.
Not preaching for any particular lifestyle, just a real life example where debt is a tool not a noose.
Define "vast". I have no debt, I have a few years of liquid cash in the bank (separate from IRA/401k/etc) and my credit rating is in the 800s.
A very real issue.
Not everyone is talking in a Ukraine context. Someone espoused "no debt == freedom".
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