It means, that after you have been paying mortgage, property taxes, and the likes, you will end up with an asset worth less than putting your money to work on the stocks or flipping for a living. Or, to favor some posters here, put that money into any other deferred or IUL program. Ask the banks about it, they used them, or Jim Harbaugh
Say you own a home worth $2M at that time (in 30 years), how much is the income generated by that $? For those lovers of 401Ks, as jil notified me of $20K <> being left in a Roth Ira x 30 years will be making $1M or so, I forgot the quantity in 30 years, how much $1 M or $1.5 million would get you in returns in a Roth Ira/401K in 30 years? (if they allowed such amount)
Anyway, it had to be me who broke the ice on this topicâŚagainâŚ
Back the original threadâŚAs far as warm waterâŚCalifornia has ten times more warm fresh water beaches than cold ocean beachesâŚAnd the 7th best summer weather in the country
There is a case to be made for the grossly hot weather inland, as the average high temperature in places like Fresno hits 96 by August, but even thatâs not ridiculous and anyway, California has 3,427 MILES of ocean shoreline, and another 32K of lakeshore. A couple of years ago, a former Google engineer made an interactive chart to showcase the places with the âmost pleasant daysâ every year (taken from National Oceanic and Atmospheric Administration data) and Southern California dominates, with both LA and SD having more than 180 âpleasantâ days a year. In fact, the top five most pleasant places are all in California (the recent heatwave notwithstanding). THERE IS A REASON THE MAMAS & THE PAPAS WROTE THAT DAMN SONG.
I bought a house using bank financing in the last 1.5 years. Paid 10% above asking(had many competitors) & succeeded in spite of bank financing in SFO Bay Area.
Corelogic says the following @ mortgages May 2017:
Investors/Absentee buyers(Possibly non bank financed): 16.5%
Jumbo Mortgage : 38%
FHA: 8%
Rest(Iâm guessing) financed in some way : 37.5%
Point is: majority of buyers do seem to get financing.
Costco Return Counter: How can I help you today, Sir?
Me: As you can see, I want to return this tv.
Costco Return Counter: Reason?
Me: Well, the tv was TOO GOOD that when I was watching midget porn, the realism of the blemishes and birthmarks just got to me that I couldnât keep my food down.
Costco Return Counter: Ok, sign here. By the way, fifth return today, for the same reasonâŚ
We bought during the 2011 downturn and were the only offer on the house, underbid by 25k with closing costs back to us and had an FHA loan with only 3.5% down, so yeah it would be like normal or even better I would think if that happened again.
Me? No! I stopped going to big-bulk stores about 20 years ago when I stopped buying office supplies in bulk for a place I worked.
My husband challenged me top stop because he felt that as a family of 2 in a small apartment, it wasnât a good idea to be buying 12 packs of stuff. I said Iâd try it. Then I realized that there are stores that make their money by keeping prices so low that theyâre always full (very fullâ16 registers with 2-3 people in line at all times). So I started shopping there instead.
Only time I walk into Costco now is if my parents are in town. And I regret it every time. Always come out with something I didnât need and shouldâve researched better before buying.