put another way, IMHO, (a) the odds of me wanting to move in 11 years are fairly high, negating benefit of 20% down 30 year loan (the odds of EVERYONE moving in 11 years is very high)..
(b) The odds of my 20% down having the same purchasing power in 11 years is very low. So when i get my money back, I’m probably only going to in reality be getting the equivalent of half of it back in 11 years)
(c) The odds of gold doubling in value sometime over the next 11 years is high
I was losing the debate at home regarding home purchasing recently, but my recent success trading gold shares has perhaps bought me a 6-12 month reprieve in terms of credibility…
I was losing the debate at home regarding home purchasing recently, but my recent success trading gold shares has perhaps bought me a 6-12 month reprieve in terms of credibility…
I was losing the debate at home regarding home purchasing recently, but my recent success trading gold shares has perhaps bought me a 6-12 month reprieve in terms of credibility…
I was losing the debate at home regarding home purchasing recently, but my recent success trading gold shares has perhaps bought me a 6-12 month reprieve in terms of credibility…
I was losing the debate at home regarding home purchasing recently, but my recent success trading gold shares has perhaps bought me a 6-12 month reprieve in terms of credibility…
I’m out of pocket $66,000. $5,600 a year x 11 plus years gets me my money back (in dollars that of cours emay be worth quite a bit less). What did i miscalculate?
Except if the house stays flat or appreciates, you get that 20% down payment back. It’s only a sunk cost if the price of the house goes down. The only way these numbers work in your favor is if the price of the house goes down where you’d have to walk away from your initial down payment in the 5-8 year time frame.
I’m out of pocket $66,000. $5,600 a year x 11 plus years gets me my money back (in dollars that of cours emay be worth quite a bit less). What did i miscalculate?
Except if the house stays flat or appreciates, you get that 20% down payment back. It’s only a sunk cost if the price of the house goes down. The only way these numbers work in your favor is if the price of the house goes down where you’d have to walk away from your initial down payment in the 5-8 year time frame.
I’m out of pocket $66,000. $5,600 a year x 11 plus years gets me my money back (in dollars that of cours emay be worth quite a bit less). What did i miscalculate?
Except if the house stays flat or appreciates, you get that 20% down payment back. It’s only a sunk cost if the price of the house goes down. The only way these numbers work in your favor is if the price of the house goes down where you’d have to walk away from your initial down payment in the 5-8 year time frame.
I’m out of pocket $66,000. $5,600 a year x 11 plus years gets me my money back (in dollars that of cours emay be worth quite a bit less). What did i miscalculate?
Except if the house stays flat or appreciates, you get that 20% down payment back. It’s only a sunk cost if the price of the house goes down. The only way these numbers work in your favor is if the price of the house goes down where you’d have to walk away from your initial down payment in the 5-8 year time frame.
I’m out of pocket $66,000. $5,600 a year x 11 plus years gets me my money back (in dollars that of cours emay be worth quite a bit less). What did i miscalculate?
Except if the house stays flat or appreciates, you get that 20% down payment back. It’s only a sunk cost if the price of the house goes down. The only way these numbers work in your favor is if the price of the house goes down where you’d have to walk away from your initial down payment in the 5-8 year time frame.
