Random Thread - Anything Goes
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@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
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@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Morgtage rates are actually really decent right now even if they are going to get worse in the near future. You'd often be better off purchasing a house with a mortgage and investing the rest of the money.
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@coliver said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Morgtage rates are actually really decent right now even if they are going to get worse in the near future. You'd often be better off purchasing a house with a mortgage and investing the rest of the money.
Yeah I'm sure you're right
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@coliver said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Morgtage rates are actually really decent right now even if they are going to get worse in the near future. You'd often be better off purchasing a house with a mortgage and investing the rest of the money.
Excatly - this is a numbers game. If you can get a mortgage for 2-3% versus returns of 5+ in the market.. take the loan. To top it off, interest is tax deductible from your income so that makes your effective mortgage interest rate just that much lower.
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@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Why would you do that? You want a mortgage for the biggest percentage possible! Never do that. This is terrible, terrible financial planning. Just throwing money away.
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@Dashrender said in Random Thread - Anything Goes:
@coliver said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Morgtage rates are actually really decent right now even if they are going to get worse in the near future. You'd often be better off purchasing a house with a mortgage and investing the rest of the money.
Excatly - this is a numbers game. If you can get a mortgage for 2-3% versus returns of 5+ in the market.. take the loan. To top it off, interest is tax deductible from your income so that makes your effective mortgage interest rate just that much lower.
This is huge, but only one part of it. Mortgage rates are basically much farther below long term interest rates than this implies. It's more like a 5% gap if you are being smart and conservative.
But the really big deal is that interest from investments is taxed. But interest owed on a mortgage is a tax shelter. If you don't have a mortgage, you are more exposed to earnings.
Even without the tax shelter advantage of a mortgage (say you had no jobs and were purely living off of savings for the rest of your lives) skipping your mortgage, especially during one of the best mortgage markets in history, would be financially reckless.
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How do I change a thread to a Question one?
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@hobbit666 said in Random Thread - Anything Goes:
How do I change a thread to a Question one?
Which one? It's in the topic drop down.
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@scottalanmiller Wanted to change my VLAN VPN issue thread into a question one
hit submit before changing it -
Just updated Plex to the current version. It is running unbelievably well. God I love Plex.
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welp someone was in the server room and hit my USB device more or less breaking it. Which appears to be the cause of the issue I had reported on a few weeks ago.
Performing a clean install of XS to a new drive and going from there to reattach the storage etc.
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@DustinB3403 said in Random Thread - Anything Goes:
welp someone was in the server room and hit my USB device more or less breaking it. Which appears to be the cause of the issue I had reported on a few weeks ago.
Performing a clean install of XS to a new drive and going from there to reattach the storage etc.
Damn. Who has access?
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@scottalanmiller said in Random Thread - Anything Goes:
@DustinB3403 said in Random Thread - Anything Goes:
welp someone was in the server room and hit my USB device more or less breaking it. Which appears to be the cause of the issue I had reported on a few weeks ago.
Performing a clean install of XS to a new drive and going from there to reattach the storage etc.
Damn. Who has access?
Only person we can think of was the HVAC guy who we had install a new AC unit (this server room was previously not cooled at all) and was peaking at 90 degrees Fahrenheit
