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Join contestAnyone who pays property tax is in perpetual debt. If in doubt, stop paying.Wrong, there is a whole world of people who are not in debt because they never bought into the lies, of those who live on the life blood of those in debt. One of the reasons shit is so expensive, is because of all the hands in the chain,...
And you may break even due to the devaluing dollar from inflation.Wouldn't advise that but no point paying off a $200k 3% mortgage with $200k earning 15%. Many similar examples.
True enough.And you may break even due to the devaluing dollar from inflation.
meh
Hope you have a better day.![]()
modern society is debt/credit based
Anyone who pays property tax is in perpetual debt. If in doubt, stop paying.
I don't pay property tax, I live in Alabama.Anyone who pays property tax is in perpetual debt. If in doubt, stop paying.
True enough.
But still farther ahead than pulling all the cash out to pay off the mortgage.
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.. 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
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.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.
Up is down, ect.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.
Sure it's "better"
debt free and a vast amount of cash available that your credit rating is in the shitter
modern society where money is created out of thin air
we are talking about and is relevant to Ukraine contex
And the reason you have money some where else, that is earning more interest, I am assuing a CD?? Is because they are using that money to give loans to others at much higher interests rates. Not financially sound loans. By what you are doing, you are part of that system.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.
You are good then.I don't pay property tax, I live in Alabama.
Both sides have been well aware of this for years. The Russians decided to pull the mask off so, just maybe, willfully ignorant western npc drones will look even stupider than before.BULLETIN: Russia Captures Active-Duty NATO Military Officers and Intel Agent in Ukraine
I am assuing a CD??
while you might benefit... They are using the money you are letting them hold, to fuck over some one else
You said money in the bank. Where are you keeping money that is gaining double digit interest, in a bank?OMG .. CD ... seriously? CDs haven't paid double digit interest since the 80s and even then barely.
Unless you're keeping all your money in your mattress or buried in jars in your yard you are participating in the same "fuckery". Choosing to let them use your money for free or for less than they're paying me isn't a virtue.
Nothing is free. For every winner there is a loser.
There is no system where everyone benefits equally like the participation trophies that were so popular with Gen Xers and Millennials.
You are good then.
You said money in the bank. Where are you keeping money that is gaining double digit interest, in a bank?
Here once over 65 and S/S is your only verified income you pay no taxes on your primary residence, no matter number of bank accounts, their numbers, or total net worth. Free America is still a thing in some places,...You are good then.
No you didn't, you said bankEarlier I put bank in quotes like "bank". If if makes you feel better substitute "financial institution" for "bank".
I do have a year or so of "income" stored in an actual bank with actual checking and saving account but they don't pay dick. They are still using my money to finance bad purchase decisions but the low interest and dividends they pay me still make it marginally better than stuffing it in a mattress.
Where do you keep your money if "banks" are so evil?
No you didn't, you said bank
I have multiple debts charging interest rates well below the interest I'm earning on money in the "bank".
I am not discussing my financials on a public form other than to say I practice what I preach.
I literally copy and pasted the entire line i was referring to. You went somewhere else.Oh really?
Doubt it.
I literally copy and pasted the entire line i was referring to. You went somewhere else.
Money in the Market ain't money in hand. Try accessing it and see what happens.
But I am sure Jesus would be proud of this.
Guys while interesting
Block Indian student and work visas. Needs to be done anyway.
I don't pay property tax, I live in Alabama.
Yes that is correct for YOU.
BUT
Essentially the older folks don't have to pay property taxes but all the younger folks have to pay property taxes (and probably pay extra to make up the difference).