LostinVA
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Nov-08-05 06:59 AM
Response to Reply #8 |
| 45. I have a fixed percentage mortgage -- thank Goddess! |
|
Our mortgage guy tried to talk us into an interest-only loan, so we could get "a bigger house." Iw as like: I'm not stupid, I plan to live in this house for at least 10 years, and I DON'T WANT A BIGGER HOUSE! I barely have time to clean and take care of the yard as it is.
|
| -Florida property boom unsustainable - Atlanta Fed |
UpInArms |
Nov-07-05 03:06 PM |
#0 |
 -
My prediction |
OldLeftieLawyer |
Nov-07-05 03:10 PM |
#1 |
 -
Math is my weakness, can you |
madaboutharry |
Nov-07-05 03:14 PM |
#2 |
| -
you pay only the interest |
400Years |
Nov-07-05 03:21 PM |
#4 |
| -
You only pay interest - no principal. It results in a far smaller |
rkc3 |
Nov-07-05 03:22 PM |
#5 |
| -
Sounds like a lease to me. When you sell you have no equity. |
Maraya1969 |
Nov-07-05 03:27 PM |
#6 |
| -
That's the only thing I can think of - I have heard a large number of |
rkc3 |
Nov-07-05 03:30 PM |
#7 |
| -
It's 1925 all over again |
hatrack |
Nov-07-05 09:19 PM |
#39 |
 -
Some places are enacting |
FlaGranny |
Nov-08-05 07:37 AM |
#47 |
| -
Seems like there are ways around that... take it in a corp. name, etc. |
henslee |
Nov-08-05 09:48 AM |
#63 |
| -
There was an article not too long ago, |
FlaGranny |
Nov-09-05 08:59 AM |
#79 |
| -
Bingo |
OldLeftieLawyer |
Nov-07-05 03:32 PM |
#8 |
| -
I have a fixed percentage mortgage -- thank Goddess! |
LostinVA |
Nov-08-05 06:59 AM |
#45 |
| -
That's what we've always done |
OldLeftieLawyer |
Nov-08-05 07:46 AM |
#48 |
| -
I also got a REALLY good rate |
LostinVA |
Nov-08-05 08:06 AM |
#50 |
| -
We have a second mortgage that's interest only... |
Writer |
Nov-08-05 01:41 PM |
#72 |
| -
Unless the buyer puts down large down payment, |
maryallen |
Nov-08-05 09:50 AM |
#64 |
| -
Interest only can be ok in some circumstances: a real life example: |
elsiesummers |
Nov-08-05 11:12 AM |
#66 |
| -
That is what people are gambling on |
Freddie Stubbs |
Nov-07-05 03:32 PM |
#9 |
| -
that and the mortage interest deduction on taxes that is about |
UpInArms |
Nov-07-05 03:35 PM |
#11 |
| -
they'd better NOT let that mortage interest deduction go |
shanti |
Nov-08-05 09:18 AM |
#58 |
| -
related: US tax panel urges mortgage interest deduction cut |
UpInArms |
Nov-08-05 10:43 AM |
#65 |
| -
They also propose eliminating the property tax deduction. |
elsiesummers |
Nov-08-05 11:25 AM |
#67 |
| -
They don't "care" about the long term consequences |
UpInArms |
Nov-08-05 11:48 AM |
#68 |
| -
That may be part of it, I think it's aimed at Blue State Residents |
elsiesummers |
Nov-08-05 01:05 PM |
#71 |
| -
I live in a rural area and the policies of the mal-administration |
UpInArms |
Nov-08-05 01:47 PM |
#73 |
| -
Yes. |
Demobrat |
Nov-07-05 04:09 PM |
#15 |
| -
Plus, you get the tax break in the interim, and boost your credit rating |
MADem |
Nov-08-05 09:41 AM |
#62 |
| -
How interest-only works |
Gormy Cuss |
Nov-07-05 03:39 PM |
#12 |
| -
I had an interest only loan for awhile. There is a lot of |
bunny planet |
Nov-07-05 04:14 PM |
#16 |
| -
You can pay your credit card bill every day, too, |
OldLeftieLawyer |
Nov-07-05 05:44 PM |
#24 |
| -
Agreed. |
bunny planet |
Nov-07-05 06:45 PM |
#31 |
| -
Exactly -- everyone I know who has these loans do it |
LostinVA |
Nov-08-05 08:15 AM |
#51 |
| -
Many people do pay off credit cards every month... |
elsiesummers |
Nov-08-05 11:58 AM |
#69 |
| -
A real estate bust in Florida? |
Birthmark |
Nov-07-05 03:21 PM |
#3 |
| -
All we can do now |
OldLeftieLawyer |
Nov-07-05 03:33 PM |
#10 |
| -
Do you really want me to float off to Cuba OLL, I live in Fla-la-la. |
bunny planet |
Nov-07-05 06:51 PM |
#32 |
| -
NO! |
OldLeftieLawyer |
Nov-07-05 07:06 PM |
#33 |
| -
LOL |
bunny planet |
Nov-07-05 07:29 PM |
#34 |
| -
In my county alone, we have so many new developments going in that |
1monster |
Nov-07-05 03:41 PM |
#13 |
| -
You Must Be My Neighbor |
riskpeace |
Nov-07-05 04:28 PM |
#17 |
| -
Where in the Panhandle? |
QC |
Nov-07-05 04:33 PM |
#18 |
| -
Panama City area |
riskpeace |
Nov-08-05 08:41 AM |
#55 |
| -
Same here. |
QC |
Nov-08-05 09:39 AM |
#60 |
| -
Another neighbor |
BamaGirl |
Nov-08-05 07:30 PM |
#78 |
| -
Northeast. Florida's First Coast. |
1monster |
Nov-08-05 05:04 PM |
#75 |
| -
people have been encouraged to ignore their common sense |
bleedingheart |
Nov-07-05 03:50 PM |
#14 |
| -
I'm mystified, frankly, |
OldLeftieLawyer |
Nov-07-05 04:34 PM |
#19 |
| -
Too many people believe the pResident |
Dave Reynolds |
Nov-07-05 05:38 PM |
#21 |
| -
I feel the same way. But this is the throwaway economy. |
bbgrunt |
Nov-08-05 09:35 AM |
#59 |
| -
the bankruptcy bill is a return to indentured servitude... |
Raster |
Nov-08-05 06:50 AM |
#44 |
| -
Take a bow, Jim Moran, (D), VA |
OldLeftieLawyer |
Nov-08-05 07:52 AM |
#49 |
| -
Thanks for sharing that about Jim Moran. |
raccoon |
Nov-08-05 08:29 AM |
#54 |
| -
Republicans can be just as corrupt as any Democrat |
Ezlivin |
Nov-08-05 09:40 AM |
#61 |
| -
I never thought of that, |
OldLeftieLawyer |
Nov-08-05 02:04 PM |
#74 |
| -
I was, frankly, shocked he did that |
LostinVA |
Nov-08-05 09:00 AM |
#57 |
| -
I wrote a policy today on a home here in Tampa |
flvegan |
Nov-07-05 05:22 PM |
#20 |
| -
What's the point of this? |
OldLeftieLawyer |
Nov-07-05 05:41 PM |
#22 |
| -
Sorry, I should have been more specific |
flvegan |
Nov-07-05 05:48 PM |
#25 |
| -
Oh |
OldLeftieLawyer |
Nov-07-05 06:28 PM |
#28 |
| -
Florida housing prices are not that high for a reason |
teryang |
Nov-07-05 05:42 PM |
#23 |
| -
I think teryang hit the nail on the head. I work here in Florida and |
Catfight |
Nov-07-05 06:24 PM |
#27 |
| -
That may be true in some parts of FL |
SW FL Dem |
Nov-07-05 08:09 PM |
#35 |
| -
I agree |
teryang |
Nov-08-05 05:54 AM |
#43 |
| -
this just all sounds too mindful of 'buying stock on margin' |
cosmicdot |
Nov-07-05 06:09 PM |
#26 |
| -
That is EXACTLY |
OldLeftieLawyer |
Nov-07-05 06:30 PM |
#29 |
| -
This is EXACTLY what this is -- I said that when these loans |
LostinVA |
Nov-08-05 08:17 AM |
#52 |
| -
In Tampa ppl are building "sold out" condos |
wakeme2008 |
Nov-07-05 06:44 PM |
#30 |
| -
How does that work exactly? |
Starbucks Anarchist |
Nov-07-05 08:33 PM |
#36 |
| -
I looked at a townhome in tampa that was listed for 219k over a year ago. |
Catfight |
Nov-07-05 08:56 PM |
#37 |
| -
Here's an example |
DoYouEverWonder |
Nov-08-05 07:07 AM |
#46 |
| -
No kidding. |
Starbucks Anarchist |
Nov-08-05 07:06 PM |
#76 |
| -
Similar situation here on the NC coast |
carolinalady |
Nov-07-05 09:15 PM |
#38 |
| -
I lived in Wilmington, NC, for a long time |
LostinVA |
Nov-08-05 08:20 AM |
#53 |
| -
Large tax increase from last year to this.... |
Sacajawea |
Nov-07-05 09:30 PM |
#40 |
| -
No shit, and neither is the "American Way of life"... |
Solon |
Nov-07-05 10:08 PM |
#41 |
| -
Remember the 70's.... |
Sancho |
Nov-08-05 02:03 AM |
#42 |
| -
I think property taxes in FL are rather high....compared to my state. n/t |
LeahD |
Nov-08-05 07:12 PM |
#77 |
| -
It's unsustainable for the near term. |
Sentinel Chicken |
Nov-08-05 08:44 AM |
#56 |
| -
There Is A Bigger Problem Here |
Yavin4 |
Nov-08-05 12:01 PM |
#70 |
Printer-friendly format
Email this thread to a friend
Bookmark this thread