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November 18, 2009 at 11:07 AM in reply to: When does it make financial sense to just dump your house??? #484825November 18, 2009 at 11:07 AM in reply to: When does it make financial sense to just dump your house??? #484598
sd_t2
ParticipantWell if you plan to stop paying on it, you’ll probably want to start with moving your banking to a different bank.
They’ll probably help themselves to your checking account to make good on the payment you “forgot” to make…
November 18, 2009 at 11:07 AM in reply to: When does it make financial sense to just dump your house??? #484513sd_t2
ParticipantWell if you plan to stop paying on it, you’ll probably want to start with moving your banking to a different bank.
They’ll probably help themselves to your checking account to make good on the payment you “forgot” to make…
November 18, 2009 at 11:07 AM in reply to: When does it make financial sense to just dump your house??? #484140sd_t2
ParticipantWell if you plan to stop paying on it, you’ll probably want to start with moving your banking to a different bank.
They’ll probably help themselves to your checking account to make good on the payment you “forgot” to make…
November 18, 2009 at 11:07 AM in reply to: When does it make financial sense to just dump your house??? #483972sd_t2
ParticipantWell if you plan to stop paying on it, you’ll probably want to start with moving your banking to a different bank.
They’ll probably help themselves to your checking account to make good on the payment you “forgot” to make…
November 16, 2009 at 3:47 PM in reply to: When does it make financial sense to just dump your house??? #484261sd_t2
ParticipantEASY – get your year-end interest statements from last year and total up all of the following:
– property taxes paid
– mortgage interest paid (1st and 2nd mortgage)Then, multiply that total by 34.3% and divide by 12.
(At $120k income, you are in the 9.3% state bracket and probably the 25% federal.)The resultant number is the amount that the house saves you from taxes each month… at least to a very close approximation.
November 16, 2009 at 3:47 PM in reply to: When does it make financial sense to just dump your house??? #483411sd_t2
ParticipantEASY – get your year-end interest statements from last year and total up all of the following:
– property taxes paid
– mortgage interest paid (1st and 2nd mortgage)Then, multiply that total by 34.3% and divide by 12.
(At $120k income, you are in the 9.3% state bracket and probably the 25% federal.)The resultant number is the amount that the house saves you from taxes each month… at least to a very close approximation.
November 16, 2009 at 3:47 PM in reply to: When does it make financial sense to just dump your house??? #483577sd_t2
ParticipantEASY – get your year-end interest statements from last year and total up all of the following:
– property taxes paid
– mortgage interest paid (1st and 2nd mortgage)Then, multiply that total by 34.3% and divide by 12.
(At $120k income, you are in the 9.3% state bracket and probably the 25% federal.)The resultant number is the amount that the house saves you from taxes each month… at least to a very close approximation.
November 16, 2009 at 3:47 PM in reply to: When does it make financial sense to just dump your house??? #483950sd_t2
ParticipantEASY – get your year-end interest statements from last year and total up all of the following:
– property taxes paid
– mortgage interest paid (1st and 2nd mortgage)Then, multiply that total by 34.3% and divide by 12.
(At $120k income, you are in the 9.3% state bracket and probably the 25% federal.)The resultant number is the amount that the house saves you from taxes each month… at least to a very close approximation.
November 16, 2009 at 3:47 PM in reply to: When does it make financial sense to just dump your house??? #484033sd_t2
ParticipantEASY – get your year-end interest statements from last year and total up all of the following:
– property taxes paid
– mortgage interest paid (1st and 2nd mortgage)Then, multiply that total by 34.3% and divide by 12.
(At $120k income, you are in the 9.3% state bracket and probably the 25% federal.)The resultant number is the amount that the house saves you from taxes each month… at least to a very close approximation.
sd_t2
Participant[quote=jficquette]There is definitely something to how they think to make them the way they are.
John[/quote]
Yes, we could start with the fact that they think at all.
Neglecting Bush’s far more patronizing and offensive backrub of German Chancellor Angela Merkel, let’s focus on one of the few assertions you make that are provable/disprovable — the “doubling” of the national debt under Obama.
This handy tool from the Treasury will help expose your “fuzzy math”:
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Putting in Jan 21, 2009 and Nov 12, 2009 as the date range we get:
10.625 trillion and 11.987 trillion, respectively – a 12.8% increase in the national debt.
Putting in the Bush era – Jan 21, 2001 to Jan 20, 2009, however, we get:
5.728 trillion and 10.627 trillion, respectively — an 85.5% increase (that is, a near doubling) of the national debt.
So… whatever political stripe you choose to wear, do your homework and you’ll be more credible.
sd_t2
Participant[quote=jficquette]There is definitely something to how they think to make them the way they are.
John[/quote]
Yes, we could start with the fact that they think at all.
Neglecting Bush’s far more patronizing and offensive backrub of German Chancellor Angela Merkel, let’s focus on one of the few assertions you make that are provable/disprovable — the “doubling” of the national debt under Obama.
This handy tool from the Treasury will help expose your “fuzzy math”:
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Putting in Jan 21, 2009 and Nov 12, 2009 as the date range we get:
10.625 trillion and 11.987 trillion, respectively – a 12.8% increase in the national debt.
Putting in the Bush era – Jan 21, 2001 to Jan 20, 2009, however, we get:
5.728 trillion and 10.627 trillion, respectively — an 85.5% increase (that is, a near doubling) of the national debt.
So… whatever political stripe you choose to wear, do your homework and you’ll be more credible.
sd_t2
Participant[quote=jficquette]There is definitely something to how they think to make them the way they are.
John[/quote]
Yes, we could start with the fact that they think at all.
Neglecting Bush’s far more patronizing and offensive backrub of German Chancellor Angela Merkel, let’s focus on one of the few assertions you make that are provable/disprovable — the “doubling” of the national debt under Obama.
This handy tool from the Treasury will help expose your “fuzzy math”:
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Putting in Jan 21, 2009 and Nov 12, 2009 as the date range we get:
10.625 trillion and 11.987 trillion, respectively – a 12.8% increase in the national debt.
Putting in the Bush era – Jan 21, 2001 to Jan 20, 2009, however, we get:
5.728 trillion and 10.627 trillion, respectively — an 85.5% increase (that is, a near doubling) of the national debt.
So… whatever political stripe you choose to wear, do your homework and you’ll be more credible.
sd_t2
Participant[quote=jficquette]There is definitely something to how they think to make them the way they are.
John[/quote]
Yes, we could start with the fact that they think at all.
Neglecting Bush’s far more patronizing and offensive backrub of German Chancellor Angela Merkel, let’s focus on one of the few assertions you make that are provable/disprovable — the “doubling” of the national debt under Obama.
This handy tool from the Treasury will help expose your “fuzzy math”:
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Putting in Jan 21, 2009 and Nov 12, 2009 as the date range we get:
10.625 trillion and 11.987 trillion, respectively – a 12.8% increase in the national debt.
Putting in the Bush era – Jan 21, 2001 to Jan 20, 2009, however, we get:
5.728 trillion and 10.627 trillion, respectively — an 85.5% increase (that is, a near doubling) of the national debt.
So… whatever political stripe you choose to wear, do your homework and you’ll be more credible.
sd_t2
Participant[quote=jficquette]There is definitely something to how they think to make them the way they are.
John[/quote]
Yes, we could start with the fact that they think at all.
Neglecting Bush’s far more patronizing and offensive backrub of German Chancellor Angela Merkel, let’s focus on one of the few assertions you make that are provable/disprovable — the “doubling” of the national debt under Obama.
This handy tool from the Treasury will help expose your “fuzzy math”:
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Putting in Jan 21, 2009 and Nov 12, 2009 as the date range we get:
10.625 trillion and 11.987 trillion, respectively – a 12.8% increase in the national debt.
Putting in the Bush era – Jan 21, 2001 to Jan 20, 2009, however, we get:
5.728 trillion and 10.627 trillion, respectively — an 85.5% increase (that is, a near doubling) of the national debt.
So… whatever political stripe you choose to wear, do your homework and you’ll be more credible.
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