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I like it........ (Read 54 times)

raydawg

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I like it........
12/17/17 at 15:46:23

http://money.cnn.com/2017/12/17/real_estate/tax-bill-mortgage-property-tax-de...

You can read the link or not.....

I think we need to stabilize home prices, if this is a start to stopping the pyramid scheme of trading up at the cost of removing the American Dream of home ownership, then I say great.
Those numbers by the effected need to stop whining and think of the bigger picture instead of just their wealth.

Anybody want to explain why I am wrong?

“The biggest big business in America is not steel, automobiles, or television. It is the manufacture, refinement and distribution of anxiety.”—Eric Sevareid (1964)

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ruckus430 Full Member Offline SuzukiSavage.com Rocks! Posts: 134	Re: I like it........ Reply #1 - 12/18/17 at 01:10:51 So these fhucks eliminated the deductions for home equity loans huh.... just took out a 200k loan to remodel a san francisco 2 story.... annnnnnnndddd fhuk you republicans yall cant do anything right
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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: I like it........ Reply #2 - 12/18/17 at 06:30:35 How much would that itemized line save you? The basic deduction was doubled. The way home loans amortize is Frikken criminal. It's almost all interest in the first years. New loans are sure gonna hurt.. Thirty year?
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Eegore Serious Thumper Offline SuzukiSavage.com Rocks! Posts: 8017	Re: I like it........ Reply #3 - 12/18/17 at 08:07:14 I as well would be interested in the difference between the doubled standard deduction and the home equity/interest write-off. None of this applies to me anymore so I don't really know what the impact is.
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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: I like it........ Reply #4 - 12/18/17 at 09:04:39 A proper analysis would be a big spreadsheet. The income. The amount of the mortgage. Interest rate Age of the loan/ amortization schedule. An accountant might want more.
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raydawg

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Re: I like it........
Reply #5 - 12/18/17 at 09:24:39

justin_o_guy2 wrote on 12/18/17 at 09:04:39:

A proper analysis would be a big spreadsheet.

The income.
The amount of the mortgage.
Interest rate
Age of the loan/ amortization schedule.
An accountant might want more.

Absolutely.....
What kind of loan is it, rates, points, etc.
Payoff date, credit worthiness, all sorts of elements to consider.
Its more fun to just beetch, however Grin

Be grateful you can get a 200M loan and profit from it in the long run, maybe that is where your focus might bring you some joy.

“The biggest big business in America is not steel, automobiles, or television. It is the manufacture, refinement and distribution of anxiety.”—Eric Sevareid (1964)

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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: I like it........ Reply #6 - 12/18/17 at 12:55:22 But I'm the ignorant knuckle dragging clod.
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raydawg Serious Thumper Offline SuzukiSavage.com Rocks! Posts: 11551 pacific northwest Gender:	Re: I like it........ Reply #7 - 12/18/17 at 13:41:35 justin_o_guy2 wrote on 12/18/17 at 12:55:22: But I'm the ignorant knuckle dragging clod. No, I just thinking it’s the results of your wife beating you, senseless
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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: I like it........ Reply #8 - 12/18/17 at 14:22:49 Shaddup, dude I'm trying to keep it a secret.
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