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Posted: 2/1/2011 3:39:24 PM EDT
Dear god. I know I pay a lot in mortgage interest, even with a rate of 5.2% but crap. Just got my 1099 from the mortgage company today. $19.5 k in mortgage interest last year.

Fuck me. Maybe it is time to leave Cali and go somewhere cheaper.
Link Posted: 2/1/2011 3:41:27 PM EDT
Ouch. Financing isn't cheap.
Link Posted: 2/1/2011 3:56:07 PM EDT
-Damn CA special interest.
Link Posted: 2/1/2011 3:58:34 PM EDT
Real estate is an investment!
Link Posted: 2/1/2011 3:59:26 PM EDT
looks like you did get 2 in the stink.
Link Posted: 2/1/2011 4:00:01 PM EDT
Damn, i am at 6.75% and only paid 14.5k in interest. Of course my house is only 230k.
Link Posted: 2/1/2011 4:03:11 PM EDT
At least it's tax deductible........for now.

Link Posted: 2/1/2011 4:03:39 PM EDT
<==== Recently refinanced into a fixed @ 3.5%

From payment one... More of my payment went to principle than interest.

My new loan F'n rocks. I get re-fi calls offering low rates of 4.3% plus. They get real quiet when I ask them to beat 3.5%

Did I mention my new loan F'n rocks?
Link Posted: 2/1/2011 4:03:57 PM EDT
Originally Posted By chupacabras:
At least it's tax deductible........for now.



I just did my taxes and it deducted very nicely.
Link Posted: 2/1/2011 4:07:17 PM EDT
Originally Posted By VacaDuck:
Dear god. I know I pay a lot in mortgage interest, even with a rate of 5.2% but crap. Just got my 1099 from the mortgage company today. $19.5 k in mortgage interest last year.

Fuck me. Maybe it is time to leave Cali and go somewhere cheaper.


Bragging is unseemly, even in GD

Link Posted: 2/1/2011 4:09:17 PM EDT

Originally Posted By Sturmgewehr-JD:
Originally Posted By VacaDuck:
Dear god. I know I pay a lot in mortgage interest, even with a rate of 5.2% but crap. Just got my 1099 from the mortgage company today. $19.5 k in mortgage interest last year.

Fuck me. Maybe it is time to leave Cali and go somewhere cheaper.


Bragging is unseemly, even in GD


It's no brag. I know how much I pay, but to see it all summed up nice and neat like that...
Link Posted: 2/1/2011 4:10:55 PM EDT
Maybe you should have bought a house which was less expensive .... just a thought.

That's, what, a 400K house on the first year of a 30 year note?

Yeah, I'm not exactly feeling a whole lot of sympathy here in my little shanty.
Link Posted: 2/1/2011 4:11:48 PM EDT
3.5% is remarkable. Did you buy down the rate with additional points? I can't find a rate like that anywhere. Anywhere.

Link Posted: 2/1/2011 4:14:17 PM EDT
Originally Posted By HKUSP45C:
Maybe you should have bought a house which was less expensive .... just a thought.

That's, what, a 400K house on the first year of a 30 year note?

Yeah, I'm not exactly feeling a whole lot of sympathy here in my little shanty.


$400,000 in California will buy the same house as $130,000 in Texas.
Link Posted: 2/1/2011 4:14:25 PM EDT

Originally Posted By Sturmgewehr-JD:
Originally Posted By VacaDuck:
Dear god. I know I pay a lot in mortgage interest, even with a rate of 5.2% but crap. Just got my 1099 from the mortgage company today. $19.5 k in mortgage interest last year.

Fuck me. Maybe it is time to leave Cali and go somewhere cheaper.


Bragging is unseemly, even in GD


that's about 50 double-wides in Pike County
Link Posted: 2/1/2011 4:19:30 PM EDT
That was a brag, it was unseemly.


Link Posted: 2/1/2011 4:19:38 PM EDT

Originally Posted By HKUSP45C:
Maybe you should have bought a house which was less expensive .... just a thought.

That's, what, a 400K house on the first year of a 30 year note?

Yeah, I'm not exactly feeling a whole lot of sympathy here in my little shanty.

Maybe I have the house I want and it is within my means to pay for it.



Link Posted: 2/1/2011 4:20:33 PM EDT
What does that have to do with buying a less expensive house?

Last time I checked they sell houses in states that aren't California.
Link Posted: 2/1/2011 4:21:24 PM EDT
Originally Posted By VacaDuck:

Originally Posted By HKUSP45C:
Maybe you should have bought a house which was less expensive .... just a thought.

That's, what, a 400K house on the first year of a 30 year note?

Yeah, I'm not exactly feeling a whole lot of sympathy here in my little shanty.

Maybe I have the house I want and it is within my means to pay for it.





It seems awfully odd, if that were true, you'd be crying about it on the internet.
Link Posted: 2/1/2011 4:22:25 PM EDT

Originally Posted By HKUSP45C:
What does that have to do with buying a less expensive house?

Last time I checked they sell houses in states that aren't California.

Same size house in another state could be found for half the price. 1700 square feet on 1/8th acre.

Hell, in another state, I could have a good chunk of land and still pay less.
Link Posted: 2/1/2011 4:23:31 PM EDT
[Last Edit: 2/1/2011 4:26:37 PM EDT by HKUSP45C]
Originally Posted By VacaDuck:

Originally Posted By HKUSP45C:
What does that have to do with buying a less expensive house?

Last time I checked they sell houses in states that aren't California.

Same size house in another state could be found for half the price. 1700 square feet on 1/8th acre.

Hell, in another state, I could have a good chunk of land and still pay less.


And yet you chose the bed you're in and then decided to brag/cry about it.

Interesting.
Link Posted: 2/1/2011 4:24:35 PM EDT
Wow, this thread is seriously not going the way the OP had thought it would.
Link Posted: 2/1/2011 4:27:27 PM EDT
[Last Edit: 2/1/2011 4:29:35 PM EDT by Lorax]
Originally Posted By VacaDuck:
Dear god. I know I pay a lot in mortgage interest, even with a rate of 5.2% but crap. Just got my 1099 from the mortgage company today. $19.5 k in mortgage interest last year.

Fuck me. Maybe it is time to leave Cali and go somewhere cheaper.


But the banks need to squeeze homeowners for that kind of interest. If they didn't, the banks wouldn't be able to stay in biz, pay those bonuses and would need a govt bailou.............

oh, wait.


That's a very sobering thing to read at the end of every year. Pay it off quick. It's worth it!
Link Posted: 2/1/2011 4:29:46 PM EDT
Paid $4,000 in interest this year, refinanced the $80,000 owed 14 months ago and already have it paid down to $68,000. Should be paid off in five years, that's the plan anyway, I hate paying interest, only debt I have.
Link Posted: 2/1/2011 4:32:23 PM EDT
I have the house I want and have no need to "boast" about what I paid in taxes. I paid a shit ton less than you which by your standard is a negative. Fuck it, I like my house and what I paid for it.

I can only aspire to your tax burden.

You're being a jerk.
Link Posted: 2/1/2011 4:32:59 PM EDT

Originally Posted By HKUSP45C:
Originally Posted By VacaDuck:

Originally Posted By HKUSP45C:
What does that have to do with buying a less expensive house?

Last time I checked they sell houses in states that aren't California.

Same size house in another state could be found for half the price. 1700 square feet on 1/8th acre.

Hell, in another state, I could have a good chunk of land and still pay less.


And yet you chose the bed you're in and then decided to brag/cry about it.

Interesting.

Did someone piss in your cheerios this morning?

I made an observation about how it doesn't really sink in about how much mortgage interest we pay until we get our 1099 at the end of the year and see that nice big figure.
You're the one that seems to take issue with the post. You are making it out to be a bragging issue when it isn't.

Whatever dude. I'm done with you.
Link Posted: 2/1/2011 4:33:43 PM EDT
My god what's your Mortgage $600,000 .oo

Who put the gun to your head ???

mines like $45,000 .oo

You signed up pay it or get out
Link Posted: 2/1/2011 4:34:52 PM EDT
Debt does no one any favors. They knew this like 2000 years ago.
Link Posted: 2/1/2011 4:34:56 PM EDT
Originally Posted By VacaDuck:

Originally Posted By HKUSP45C:
What does that have to do with buying a less expensive house?

Last time I checked they sell houses in states that aren't California.

Same size house in another state could be found for half the price. 1700 square feet on 1/8th acre.

Hell, in another state, I could have a good chunk of land and still pay less.


You should try Tx, I have a 1600 sqft house on 16 times the amount of land, brick, attached garage, etc and my mortgage, interest, property taxes, electric, water, trash, cable, internet, and gas to mow my yard don't equal what you pay in interest

40% down in a state with sane housing prices is a beautiful fucking thing.
Link Posted: 2/1/2011 4:35:08 PM EDT

Originally Posted By VacaDuck:
Dear god. I know I pay a lot in mortgage interest, even with a rate of 5.2% but crap. Just got my 1099 from the mortgage company today. $19.5 k in mortgage interest last year.

Fuck me. Maybe it is time to leave Cali and go somewhere cheaper.

Rookie. I bought my first home in the early 90's and I was LUCKY to get a 10% rate on my POS with great credit. My parents went through the years with carter and 20% rates.

Look it up.
Link Posted: 2/1/2011 4:35:18 PM EDT
Originally Posted By VacaDuck:

Originally Posted By HKUSP45C:
Originally Posted By VacaDuck:

Originally Posted By HKUSP45C:
What does that have to do with buying a less expensive house?

Last time I checked they sell houses in states that aren't California.

Same size house in another state could be found for half the price. 1700 square feet on 1/8th acre.

Hell, in another state, I could have a good chunk of land and still pay less.


And yet you chose the bed you're in and then decided to brag/cry about it.

Interesting.

Did someone piss in your cheerios this morning?

I made an observation about how it doesn't really sink in about how much mortgage interest we pay until we get our 1099 at the end of the year and see that nice big figure.
You're the one that seems to take issue with the post. You are making it out to be a bragging issue when it isn't.

Whatever dude. I'm done with you.


Boy, you sure are complaining a lot tonight.

Link Posted: 2/1/2011 4:36:29 PM EDT
Originally Posted By JBlitzen:
Real estate is an investment!


Really? To me investment have cash flow. RE is speculation.
Link Posted: 2/1/2011 4:38:15 PM EDT
[Last Edit: 2/1/2011 4:38:48 PM EDT by LANCEMAN]

Originally Posted By Firebird69:

Originally Posted By VacaDuck:
Dear god. I know I pay a lot in mortgage interest, even with a rate of 5.2% but crap. Just got my 1099 from the mortgage company today. $19.5 k in mortgage interest last year.

Fuck me. Maybe it is time to leave Cali and go somewhere cheaper.

Rookie. I bought my first home in the early 90's and I was LUCKY to get a 10% rate on my POS with great credit. My parents went through the years with carter and 20% rates.

Look it up.

My first house in the 90's was 8% interest and I was damn glad to get approved for it. The last ten years of low interest rates have spoiled everyone. Of course that nice little 1100 sq ft. house on a half acre then was only $40,000 so 8% didn't seem so bad.
Link Posted: 2/1/2011 4:44:03 PM EDT
Wow, that is insane. Yea, cheaper house FTW.
Link Posted: 2/1/2011 4:47:07 PM EDT
Originally Posted By VacaDuck:

Originally Posted By HKUSP45C:
Maybe you should have bought a house which was less expensive .... just a thought.

That's, what, a 400K house on the first year of a 30 year note?

Yeah, I'm not exactly feeling a whole lot of sympathy here in my little shanty.

Maybe I have the house I want and it is within my means to pay for it.





Not to jump on your case, but a man of means pays cash
Link Posted: 2/1/2011 4:47:51 PM EDT
Link Posted: 2/1/2011 4:51:42 PM EDT

Originally Posted By ZW17:
So what were your state taxes like in Calimexico?

I don't really care what your mortgage interest was.

$4450 and some change.
Link Posted: 2/1/2011 4:53:01 PM EDT
Link Posted: 2/1/2011 4:54:20 PM EDT
Originally Posted By OiRogers:
<==== Recently refinanced into a fixed @ 3.5%

From payment one... More of my payment went to principle than interest.

My new loan F'n rocks. I get re-fi calls offering low rates of 4.3% plus. They get real quiet when I ask them to beat 3.5%

Did I mention my new loan F'n rocks?


MOAR info plzkthxby
Link Posted: 2/1/2011 4:58:54 PM EDT
GD's will never understand that homes (and land) are just more expensive in some places.

If you paid $20k for your 15 acres, that's just because nobody besides you wants that land all that much.
Link Posted: 2/1/2011 5:05:10 PM EDT

Originally Posted By ZW17:
Originally Posted By VacaDuck:

Originally Posted By ZW17:
So what were your state taxes like in Calimexico?

I don't really care what your mortgage interest was.

$4450 and some change.


I just threw up in my mouth a little.

I have under $1k on just over 6 acres.

$700 on house with 1 acre here.
Link Posted: 2/1/2011 5:05:49 PM EDT
Originally Posted By NoVaGator:
GD's will never understand that homes (and land) are just more expensive in some places.

If you paid $20k for your 15 acres, that's just because nobody besides you wants that land all that much.


It's not that simple. In places like the entirety of Texas (you know the state that has more people coming to it for work than any other) we just didn't allow our real estate market to artificially inflate to totally unsustanable levels.

We also don't try to cram 20 million people in a real estate market that can only accomodate 4 million.
Link Posted: 2/1/2011 5:08:02 PM EDT
Don't borrow so much money. Problem solved.
Link Posted: 2/1/2011 5:11:44 PM EDT

Originally Posted By HKUSP45C:
Originally Posted By NoVaGator:
GD's will never understand that homes (and land) are just more expensive in some places.

If you paid $20k for your 15 acres, that's just because nobody besides you wants that land all that much.


It's not that simple. In places like the entirety of Texas (you know the state that has more people coming to it for work than any other) we just didn't allow our real estate market to artificially inflate to totally unsustanable levels.

We also don't try to cram 20 million people in a real estate market that can only accomodate 4 million.

yeah, how did you not "allow" that?

you have surplus buildable land, even in proximity to your major cities

it's as simple as that
Link Posted: 2/1/2011 5:12:36 PM EDT
What is this mortage thing you speak of??
Link Posted: 2/1/2011 5:13:13 PM EDT

Originally Posted By VacaDuck:

Originally Posted By ZW17:
So what were your state taxes like in Calimexico?

I don't really care what your mortgage interest was.

$4450 and some change.

State Income Taxes!?! LOL! Fuck! That is an ASS TON of dollars that your family could use for anything useful other than ... well? Texas State Income Tax "0%" as well as eight other states.
Link Posted: 2/1/2011 5:17:08 PM EDT
Apparently most in GD are not familiar with housing costs in CA. 400k ain't shit
Link Posted: 2/1/2011 5:17:22 PM EDT
Originally Posted By NoVaGator:

Originally Posted By HKUSP45C:
Originally Posted By NoVaGator:
GD's will never understand that homes (and land) are just more expensive in some places.

If you paid $20k for your 15 acres, that's just because nobody besides you wants that land all that much.


It's not that simple. In places like the entirety of Texas (you know the state that has more people coming to it for work than any other) we just didn't allow our real estate market to artificially inflate to totally unsustanable levels.

We also don't try to cram 20 million people in a real estate market that can only accomodate 4 million.

yeah, how did you not "allow" that?

you have surplus buildable land, even in proximity to your major cities

it's as simple as that


Which merely speaks to the "don't cram 20 million people in an area that can only sustain 4 million.

We also have some state level financial legislation which makes taking multiple mortgages out on your residence much more difficult. Which mqaes it more difficult to "buy and flip" than in other states.
Link Posted: 2/1/2011 5:18:02 PM EDT

Originally Posted By Firebird69:

Originally Posted By VacaDuck:

Originally Posted By ZW17:
So what were your state taxes like in Calimexico?

I don't really care what your mortgage interest was.

$4450 and some change.

State Income Taxes!?! LOL! Fuck! That is an ASS TON of dollars that your family could use for anything useful other than ... well? Texas State Income Tax "0%" as well as eight other states.

That's property taxes.
Link Posted: 2/1/2011 5:19:03 PM EDT
The thing that gets me is property taxes, year after year after year. In praticular when they itemize it out for the services most of us dont use.
Link Posted: 2/1/2011 5:19:36 PM EDT
Originally Posted By Dustrod:
Apparently most in GD are not familiar with housing costs in CA. 400k ain't shit


I'm familiar with the housing market in California. I just find it distasteful when people buy in that market and then complain about the inflated prices (and therefore the interest).
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