scaredycat in escrow….scared….

[moneymaker]

[quote=scaredycat]as I understand it, there is ZERO TAX BENEFIT. I pay say $16,000 a year in interest, then 3,500 in prop taxes, 19.5k, but i get 11k now as a std deduction, so it’s really just 8.5k more, so 30% of 8.5k = 2500, which is less than the prop taxes i otherwise wouldnt have to pay. so NO TAX ADVANTAGE. why does everyone at work say I am getting a TAX BREAK?[/quote]
You probably won’t even come close to paying $16,000 in interest the first year or after the 6th year so you only have about a 5 year window there, I think the days of “getting” the tax break are from years of high interest/and or high home prices,looks like those days are behind us.

[UCGal]

scaredy –
You’re one of my favorite folks on this board. I like FLU’s idea of getting a tape recording of your wife saying to go for it. That’s your cover if/when she changes her mind. She’s obviously intelligent – she got through med school… She may not regret this decision the way so many of the Piggs assume will happen. (And I think JP, CAR, and myself tend to blow the stereotype of how women react only on emotion.)

I like outtamojo’s suggestion to plan for zombie defense.

The money you are putting as a downpayment – do you get $200/month return on it? That’s the return you’ll be getting if you buy this – since you’ll be spending $200 less per month. That’s before any tax advantages that may or may not happen.

And – if this ends up causing marital discord in the future – there’s always the casita. (So make sure you address the zombie defense issues of the casita as well as the main house.)

[UCGal]

scaredy –
You’re one of my favorite folks on this board. I like FLU’s idea of getting a tape recording of your wife saying to go for it. That’s your cover if/when she changes her mind. She’s obviously intelligent – she got through med school… She may not regret this decision the way so many of the Piggs assume will happen. (And I think JP, CAR, and myself tend to blow the stereotype of how women react only on emotion.)

I like outtamojo’s suggestion to plan for zombie defense.

The money you are putting as a downpayment – do you get $200/month return on it? That’s the return you’ll be getting if you buy this – since you’ll be spending $200 less per month. That’s before any tax advantages that may or may not happen.

And – if this ends up causing marital discord in the future – there’s always the casita. (So make sure you address the zombie defense issues of the casita as well as the main house.)

[UCGal]

scaredy –
You’re one of my favorite folks on this board. I like FLU’s idea of getting a tape recording of your wife saying to go for it. That’s your cover if/when she changes her mind. She’s obviously intelligent – she got through med school… She may not regret this decision the way so many of the Piggs assume will happen. (And I think JP, CAR, and myself tend to blow the stereotype of how women react only on emotion.)

I like outtamojo’s suggestion to plan for zombie defense.

The money you are putting as a downpayment – do you get $200/month return on it? That’s the return you’ll be getting if you buy this – since you’ll be spending $200 less per month. That’s before any tax advantages that may or may not happen.

And – if this ends up causing marital discord in the future – there’s always the casita. (So make sure you address the zombie defense issues of the casita as well as the main house.)

[UCGal]

scaredy –
You’re one of my favorite folks on this board. I like FLU’s idea of getting a tape recording of your wife saying to go for it. That’s your cover if/when she changes her mind. She’s obviously intelligent – she got through med school… She may not regret this decision the way so many of the Piggs assume will happen. (And I think JP, CAR, and myself tend to blow the stereotype of how women react only on emotion.)

I like outtamojo’s suggestion to plan for zombie defense.

The money you are putting as a downpayment – do you get $200/month return on it? That’s the return you’ll be getting if you buy this – since you’ll be spending $200 less per month. That’s before any tax advantages that may or may not happen.

And – if this ends up causing marital discord in the future – there’s always the casita. (So make sure you address the zombie defense issues of the casita as well as the main house.)

[UCGal]

scaredy –
You’re one of my favorite folks on this board. I like FLU’s idea of getting a tape recording of your wife saying to go for it. That’s your cover if/when she changes her mind. She’s obviously intelligent – she got through med school… She may not regret this decision the way so many of the Piggs assume will happen. (And I think JP, CAR, and myself tend to blow the stereotype of how women react only on emotion.)

I like outtamojo’s suggestion to plan for zombie defense.

The money you are putting as a downpayment – do you get $200/month return on it? That’s the return you’ll be getting if you buy this – since you’ll be spending $200 less per month. That’s before any tax advantages that may or may not happen.

And – if this ends up causing marital discord in the future – there’s always the casita. (So make sure you address the zombie defense issues of the casita as well as the main house.)

[jeeman]

1) You’re buying a house when you could possibly get a divorce? The cheapest houses to buy are REOs, short sales and divorce sales.

2) Your wife is a doctor and you’re worried about a $1500 payment?

Jeeman

[jeeman]

1) You’re buying a house when you could possibly get a divorce? The cheapest houses to buy are REOs, short sales and divorce sales.

2) Your wife is a doctor and you’re worried about a $1500 payment?

Jeeman

[jeeman]

1) You’re buying a house when you could possibly get a divorce? The cheapest houses to buy are REOs, short sales and divorce sales.

2) Your wife is a doctor and you’re worried about a $1500 payment?

Jeeman

[jeeman]

1) You’re buying a house when you could possibly get a divorce? The cheapest houses to buy are REOs, short sales and divorce sales.

2) Your wife is a doctor and you’re worried about a $1500 payment?

Jeeman

[jeeman]

1) You’re buying a house when you could possibly get a divorce? The cheapest houses to buy are REOs, short sales and divorce sales.

2) Your wife is a doctor and you’re worried about a $1500 payment?

Jeeman

[scaredyclassic]

the divorce is always possible, everyone could possibly get a divorce. I would rank the possibility of divorce as slighly higher than the possibility of zombie attack.

[scaredyclassic]

the divorce is always possible, everyone could possibly get a divorce. I would rank the possibility of divorce as slighly higher than the possibility of zombie attack.

[scaredyclassic]

the divorce is always possible, everyone could possibly get a divorce. I would rank the possibility of divorce as slighly higher than the possibility of zombie attack.

[scaredyclassic]

the divorce is always possible, everyone could possibly get a divorce. I would rank the possibility of divorce as slighly higher than the possibility of zombie attack.

[Author]

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