eighty6gt
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Have you done any research on this?
S197 Values - current asking prices vs mileage
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Have you done any research on this?
These so called financial advisors are banks' puppets.
A lot of people feel this way.... that, 'I will always have debt, so why should I bother trying to pay it off"... or, "it's too much work'. I have a friend that feels that way. He simply wants to live life to the fullest. When I was younger I didn't quite have that perspective, but I spend what I had quite freely. Mostly through loans and toys. I enjoyed that for that time in my life, and really don't have a ton of regrets there. Now that I am heading toward the back half of my life, I see how much of my life is tied to having to work. It's not that I mind working, it's about having the choice... or freedom.
We refinanced to a 15 year from a 30 year about 10 years ago. The rate was ridiculously low, so I just figured... why not. Turns out to be the best thing I ever did. I can't tell you how good it feels to not have debts anymore, money in the bank, and see a light at the end of the tunnel. Now I think back to a line in the movie Jack Reacher, "look at them... and you tell me, which ones are really free". All it took was for me to have about 6 months of no car payment and all of sudden I felt a weight lifted. And it felt good to not have to write away all the money I now realize I work so hard for. That was the other thing; Because I was never afraid of, or didn't mind doing, work, I never cared about where the fruits of that labor was going. Now... I definitely do. But I also still want to live that one life I have, so I still buy "wants", I just buy them smarter.
Back on topic, I hope values of S197s are going up... cause I can't afford an S550. Maybe in another 5 years.
eighty6gt
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I heard they are all in the pocket of george soros and funnel money to AOC
eighty6gt
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Back on topic, I hope values of S197s are going up... cause I can't afford an S550. Maybe in another 5 years.
my favorite emoji, reminds me of the political forum days.
It's literally impossible for me to be mortgage free with what housing costs here, I could move to the US, but not really interested. I don't work weekends and I try not to work much overtime. I'm very intimate with the fact that I'm going to die in a few decades.
As soon as I gather up enough money where it's working for me, and that's about 300-500 grand, I'm going to work part time at starbucks. This will hopefully happen even sooner if one or more of the products I'm working on start paying dividends. I could also see doing some consulting/design. It's a ways off.
Plenty. You got no idea what's involved in swapping out batteries in those cars.
A lot of people feel this way.... that, 'I will always have debt, so why should I bother trying to pay it off"... or, "it's too much work'. I have a friend that feels that way. He simply wants to live life to the fullest. When I was younger I didn't quite have that perspective, but I spend what I had quite freely. Mostly through loans and toys. I enjoyed that for that time in my life, and really don't have a ton of regrets there. Now that I am heading toward the back half of my life, I see how much of my life is tied to having to work. It's not that I mind working, it's about having the choice... or freedom.
We refinanced to a 15 year from a 30 year about 10 years ago. The rate was ridiculously low, so I just figured... why not. Turns out to be the best thing I ever did. I can't tell you how good it feels to not have debts anymore, money in the bank, and see a light at the end of the tunnel. Now I think back to a line in the movie Jack Reacher, "look at them... and you tell me, which ones are really free". All it took was for me to have about 6 months of no car payment and all of sudden I felt a weight lifted. And it felt good to not have to write away all the money I now realize I work so hard for. That was the other thing; Because I was never afraid of, or didn't mind doing, work, I never cared about where the fruits of that labor was going. Now... I definitely do. But I also still want to live that one life I have, so I still buy "wants", I just buy them smarter.
Back on topic, I hope values of S197s are going up... cause I can't afford an S550. Maybe in another 5 years.
I retired at age 53. I know a lot of folks who are gonna have to work till they drop dead.
There is no way in hell you can retire unless the house is paid for, all home reno's done, and a huge pension, and savings in the bank,
100% agree. Pay off house ASAP, than keep putting that monthly payment in to savings/investments. And dont keep putting it off!
my favorite emoji, reminds me of the political forum days.
It's literally impossible for me to be mortgage free with what housing costs here, I could move to the US, but not really interested. I don't work weekends and I try not to work much overtime. I'm very intimate with the fact that I'm going to die in a few decades.
As soon as I gather up enough money where it's working for me, and that's about 300-500 grand, I'm going to work part time at starbucks. This will hopefully happen even sooner if one or more of the products I'm working on start paying dividends. I could also see doing some consulting/design. It's a ways off.
Your plan is your plan, brother. You just do what you can and hope to live your best life.... figuring it out along the way. At least you have a plan. I am thankful to not live in a place where the home prices hold me back from my "wants". So many people consider their homes to be their "thing". That just isn't me. We bought our completely outdated house for much less than what the bank told us we could afford, and we having been fixing it up along the way. Many of my other friends spend up to 2X more for their homes and do nothing but spend their time there. That's their choice, but I would much rather be out enjoying the other things in life. If I was in a similar situation to yours with housing prices, I might feel the same as you.
FACT! I have a BIL who is chasing 50 with little to no savings who just bought a new house with a 30 year loan. I think I started getting anxiety FOR him. LOL
75% of ALL....'financial advisers' in the USA and Canada did NOT even meet the stock index for the last 10 years ! Of the remaining 25%, some met the stock index..and a few exceeded it. My god, I could buy into.... 'index funds' and presto, I just beat out 75% of the financial ..'experts'. My chinese co-hort at work sat there in his cubicle, with 3 x pc's running..and had the stock market going on one of em. He knew what he was doing. Retires 4 months before me..at age 48, with 2 x homes paid for..and 3.8 million in assets. He knew every angle in the book...and didn't rely on 'advice' from...'experts'. My mum got into it with her 'expert' at her local financial institution. She called their bluff. She had more money and assets than all 5 of em combined.
I'm surprised the banks even gave him a 30 yr mortgage, knowing full well he will be dead and gone long before it's paid off. But banks don't care, they will milk him for all he's worth, and then some.
eighty6gt
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I find not worrying about money gives me a great satisfaction in life.
https://www.coursera.org/learn/the-science-of-well-being
https://www.coursera.org/learn/the-science-of-well-being
Ofcourse they gave him a 30. They will sell that debt to another bank in less than a year after pocketing 90+% interest in the mean time.
eighty6gt
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in certain cultures lending with interest is not allowed
my machinist is part of his own bank. They all pitch in, and draw straws to see who gets the next house for cash. They get to pay half as much as all of the other morons!
my machinist is part of his own bank. They all pitch in, and draw straws to see who gets the next house for cash. They get to pay half as much as all of the other morons!
75% of financial advisers were not qualified to be financial advisers before they became financial advisers. And here is where one should ask.... just what are those qualifications. Hmmmmmm.
What Juice said. I never understood why banks would take a loan and just dump it a short time later, but yeah... the longer they hold it, the longer the risk with less return.
That's a good gig... as long as everyone stays in the gig.
eighty6gt
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mortgages should be administered by the state, with no interest charged, for primary residences only.
real estate ownership as speculation should be outlawed and rental properties should be clawed back and the space easily distributed to those in need
real estate ownership as speculation should be outlawed and rental properties should be clawed back and the space easily distributed to those in need
Well... if that happened, the housing market would certainly be much less and indicator of the economy.
As for the distributing to those in need, I am all for helping those in need. The problem I have is that, those who are not truly in need, then find a way to BE in need. Giving things away is not a way to promote people to do better for themselves. NY has decided to put a pause on requiring those "in need" to pay their rent if they can't afford it. I can support that in principle, but almost immediately every uninformed tenant said, "whoohoo! I don't have to pay rent"... and those who probably should pay rent, now are not. Little do they know, they still have to pay rent, but it turns into a debt that they have to pay back to their Landlord when the moratorium is over (yeah... good luck getting that). There is no system that cannot be corrupted by the greedy. Ask our politicians.
LOLgolkhl
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Housing market, much like the stock market, is looking eerily similar to 2007..........
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