[ocrenter]

no need for Tivo anymore. and make sure you don’t pay for the lifetime Tivo price as I suspect Tivo will be gone in a few short years.

we’re using Windows media center, we bought media extenders for each TV (each extender is $100, get a good computer with decent amount of storage.) no Tivo monthly fee and you get all the benefit of Tivo and you can watch the recorded content on any TV.

[ocrenter]

no need for Tivo anymore. and make sure you don’t pay for the lifetime Tivo price as I suspect Tivo will be gone in a few short years.

we’re using Windows media center, we bought media extenders for each TV (each extender is $100, get a good computer with decent amount of storage.) no Tivo monthly fee and you get all the benefit of Tivo and you can watch the recorded content on any TV.

[ocrenter]

let’s just go with someone that makes $200k a year and married.

for the income up to $130k, you are taxed at 19%. but your 70k is taxed at 28%. So you pay 26.6k in income tax plus the 19.6k for total of 46.2k in fed taxes.

now let’s say you buy a house for $600k with 20% down. your monthly mortgage is $2700 and your property tax yearly is $6000. assuming 90% of that 2700/month is interest, your total yearly mortgage interest + property tax would be 35.2k.

you are now not taxed at $200k, but you are now tax’d at $164.8k. you still have to pay the $26.6k in income tax for the amount up to $130k, but you are now just on the hook for 28% of 34.8k, which works out to be $9744.

so your total tax saving (federal) is basically 10k. so in short, you get back 28% of your total mortgage interest and property tax.

so the question is, will you be able to rent the same home for the same amount? well, you need to add $2000 for insurance and generally add another $50/month for HOA, so your yearly cost of homeownership on a $600k home is $27800 after adding those and subtracting the $10k from your fed taxes.

then the question is, what can you get these days for $600k? would it be a better home than something you can rent for $2300/month? and remember, we haven’t even looked at the state tax savings with all of this.

[ocrenter]

let’s just go with someone that makes $200k a year and married.

for the income up to $130k, you are taxed at 19%. but your 70k is taxed at 28%. So you pay 26.6k in income tax plus the 19.6k for total of 46.2k in fed taxes.

now let’s say you buy a house for $600k with 20% down. your monthly mortgage is $2700 and your property tax yearly is $6000. assuming 90% of that 2700/month is interest, your total yearly mortgage interest + property tax would be 35.2k.

you are now not taxed at $200k, but you are now tax’d at $164.8k. you still have to pay the $26.6k in income tax for the amount up to $130k, but you are now just on the hook for 28% of 34.8k, which works out to be $9744.

so your total tax saving (federal) is basically 10k. so in short, you get back 28% of your total mortgage interest and property tax.

so the question is, will you be able to rent the same home for the same amount? well, you need to add $2000 for insurance and generally add another $50/month for HOA, so your yearly cost of homeownership on a $600k home is $27800 after adding those and subtracting the $10k from your fed taxes.

then the question is, what can you get these days for $600k? would it be a better home than something you can rent for $2300/month? and remember, we haven’t even looked at the state tax savings with all of this.

[ocrenter]

let’s just go with someone that makes $200k a year and married.

for the income up to $130k, you are taxed at 19%. but your 70k is taxed at 28%. So you pay 26.6k in income tax plus the 19.6k for total of 46.2k in fed taxes.

now let’s say you buy a house for $600k with 20% down. your monthly mortgage is $2700 and your property tax yearly is $6000. assuming 90% of that 2700/month is interest, your total yearly mortgage interest + property tax would be 35.2k.

you are now not taxed at $200k, but you are now tax’d at $164.8k. you still have to pay the $26.6k in income tax for the amount up to $130k, but you are now just on the hook for 28% of 34.8k, which works out to be $9744.

so your total tax saving (federal) is basically 10k. so in short, you get back 28% of your total mortgage interest and property tax.

so the question is, will you be able to rent the same home for the same amount? well, you need to add $2000 for insurance and generally add another $50/month for HOA, so your yearly cost of homeownership on a $600k home is $27800 after adding those and subtracting the $10k from your fed taxes.

then the question is, what can you get these days for $600k? would it be a better home than something you can rent for $2300/month? and remember, we haven’t even looked at the state tax savings with all of this.

[ocrenter]

let’s just go with someone that makes $200k a year and married.

for the income up to $130k, you are taxed at 19%. but your 70k is taxed at 28%. So you pay 26.6k in income tax plus the 19.6k for total of 46.2k in fed taxes.

now let’s say you buy a house for $600k with 20% down. your monthly mortgage is $2700 and your property tax yearly is $6000. assuming 90% of that 2700/month is interest, your total yearly mortgage interest + property tax would be 35.2k.

you are now not taxed at $200k, but you are now tax’d at $164.8k. you still have to pay the $26.6k in income tax for the amount up to $130k, but you are now just on the hook for 28% of 34.8k, which works out to be $9744.

so your total tax saving (federal) is basically 10k. so in short, you get back 28% of your total mortgage interest and property tax.

so the question is, will you be able to rent the same home for the same amount? well, you need to add $2000 for insurance and generally add another $50/month for HOA, so your yearly cost of homeownership on a $600k home is $27800 after adding those and subtracting the $10k from your fed taxes.

then the question is, what can you get these days for $600k? would it be a better home than something you can rent for $2300/month? and remember, we haven’t even looked at the state tax savings with all of this.

[ocrenter]

let’s just go with someone that makes $200k a year and married.

for the income up to $130k, you are taxed at 19%. but your 70k is taxed at 28%. So you pay 26.6k in income tax plus the 19.6k for total of 46.2k in fed taxes.

now let’s say you buy a house for $600k with 20% down. your monthly mortgage is $2700 and your property tax yearly is $6000. assuming 90% of that 2700/month is interest, your total yearly mortgage interest + property tax would be 35.2k.

you are now not taxed at $200k, but you are now tax’d at $164.8k. you still have to pay the $26.6k in income tax for the amount up to $130k, but you are now just on the hook for 28% of 34.8k, which works out to be $9744.

so your total tax saving (federal) is basically 10k. so in short, you get back 28% of your total mortgage interest and property tax.

so the question is, will you be able to rent the same home for the same amount? well, you need to add $2000 for insurance and generally add another $50/month for HOA, so your yearly cost of homeownership on a $600k home is $27800 after adding those and subtracting the $10k from your fed taxes.

then the question is, what can you get these days for $600k? would it be a better home than something you can rent for $2300/month? and remember, we haven’t even looked at the state tax savings with all of this.

[ocrenter]

cable and satellite services are a huge scam. you can now get crystal clear HDTV right off your antenna. yet with all of these services, you got to pay extra for the HD.

as for just TV habits in general. is there REALLY a need for 200 channels into each household? I find myself barely getting in 30min to an hour of TV if at that.

[ocrenter]

cable and satellite services are a huge scam. you can now get crystal clear HDTV right off your antenna. yet with all of these services, you got to pay extra for the HD.

as for just TV habits in general. is there REALLY a need for 200 channels into each household? I find myself barely getting in 30min to an hour of TV if at that.

[ocrenter]

cable and satellite services are a huge scam. you can now get crystal clear HDTV right off your antenna. yet with all of these services, you got to pay extra for the HD.

as for just TV habits in general. is there REALLY a need for 200 channels into each household? I find myself barely getting in 30min to an hour of TV if at that.

[ocrenter]

cable and satellite services are a huge scam. you can now get crystal clear HDTV right off your antenna. yet with all of these services, you got to pay extra for the HD.

as for just TV habits in general. is there REALLY a need for 200 channels into each household? I find myself barely getting in 30min to an hour of TV if at that.

[ocrenter]

cable and satellite services are a huge scam. you can now get crystal clear HDTV right off your antenna. yet with all of these services, you got to pay extra for the HD.

as for just TV habits in general. is there REALLY a need for 200 channels into each household? I find myself barely getting in 30min to an hour of TV if at that.

[ocrenter]

08/10/2004: $820,000
06/15/2000: $474,000
07/31/1998: $407,000

Adjusted for inflation, the 1998 sale price of $407k would be $531k. This guy got it within $20k of inflation adjusted 1998 pricing. that is not bad at all.

not to nip pick, but that pool is awfully close to the house, essentially they get no yard at all with that pool in there. then there’s the huge slope in the back. SDR, how much would you discount a house like this vs if it had a good lot without the giant slope?

[ocrenter]

08/10/2004: $820,000
06/15/2000: $474,000
07/31/1998: $407,000

Adjusted for inflation, the 1998 sale price of $407k would be $531k. This guy got it within $20k of inflation adjusted 1998 pricing. that is not bad at all.

not to nip pick, but that pool is awfully close to the house, essentially they get no yard at all with that pool in there. then there’s the huge slope in the back. SDR, how much would you discount a house like this vs if it had a good lot without the giant slope?

[ocrenter]

08/10/2004: $820,000
06/15/2000: $474,000
07/31/1998: $407,000

Adjusted for inflation, the 1998 sale price of $407k would be $531k. This guy got it within $20k of inflation adjusted 1998 pricing. that is not bad at all.

not to nip pick, but that pool is awfully close to the house, essentially they get no yard at all with that pool in there. then there’s the huge slope in the back. SDR, how much would you discount a house like this vs if it had a good lot without the giant slope?

[Author]

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