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Posted: 2/1/2011 3:41:27 PM EDT
[#1]
Ouch. Financing isn't cheap.
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Posted: 2/1/2011 3:56:07 PM EDT
[#2]
-Damn CA special interest.
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Posted: 2/1/2011 3:58:34 PM EDT
[#3]
Real estate is an investment!
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Posted: 2/1/2011 3:59:26 PM EDT
[#4]
looks like you did get 2 in the stink.
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Posted: 2/1/2011 4:00:01 PM EDT
[#5]
Damn, i am at 6.75% and only paid 14.5k in interest. Of course my house is only 230k.
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Posted: 2/1/2011 4:03:11 PM EDT
[#6]
At least it's tax deductible........for now.
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Posted: 2/1/2011 4:03:39 PM EDT
[#7]
<==== 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? 
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Posted: 2/1/2011 4:03:57 PM EDT
[#8]
Quoted:
At least it's tax deductible........for now. I just did my taxes and it deducted very nicely. |
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Posted: 2/1/2011 4:07:17 PM EDT
[#9]
Quoted:
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 |
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Posted: 2/1/2011 4:09:17 PM EDT
[#10]
Quoted: Quoted: 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... |
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Posted: 2/1/2011 4:10:55 PM EDT
[#11]
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. |
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Posted: 2/1/2011 4:11:48 PM EDT
[#12]
3.5% is remarkable. Did you buy down the rate with additional points? I can't find a rate like that anywhere. Anywhere.
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Posted: 2/1/2011 4:14:17 PM EDT
[#13]
Quoted:
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. |
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Posted: 2/1/2011 4:14:25 PM EDT
[#14]
Quoted: Quoted: 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 |
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Posted: 2/1/2011 4:19:30 PM EDT
[#15]
That was a brag, it was unseemly.
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Posted: 2/1/2011 4:19:38 PM EDT
[#16]
Quoted: 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. |
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Posted: 2/1/2011 4:20:33 PM EDT
[#17]
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. |
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Posted: 2/1/2011 4:21:24 PM EDT
[#18]
Quoted:
Quoted:
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. |
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Posted: 2/1/2011 4:22:25 PM EDT
[#19]
Quoted: 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. |
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Posted: 2/1/2011 4:23:31 PM EDT
[#20]
Quoted:
Quoted:
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. |
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Posted: 2/1/2011 4:24:35 PM EDT
[#21]
Wow, this thread is seriously not going the way the OP had thought it would.
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Posted: 2/1/2011 4:27:27 PM EDT
[#22]
Quoted:
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!
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Posted: 2/1/2011 4:29:46 PM EDT
[#23]
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.
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Posted: 2/1/2011 4:32:23 PM EDT
[#24]
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. |
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Posted: 2/1/2011 4:32:59 PM EDT
[#25]
Quoted: Quoted: Quoted: 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. |
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Posted: 2/1/2011 4:33:43 PM EDT
[#26]
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 |
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Posted: 2/1/2011 4:34:52 PM EDT
[#27]
Debt does no one any favors. They knew this like 2000 years ago.
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Posted: 2/1/2011 4:34:56 PM EDT
[#28]
Quoted:
Quoted:
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. |
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Posted: 2/1/2011 4:35:08 PM EDT
[#29]
Quoted: 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. |
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Posted: 2/1/2011 4:35:18 PM EDT
[#30]
Quoted:
Quoted:
Quoted:
Quoted:
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. |
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Posted: 2/1/2011 4:36:29 PM EDT
[#31]
Quoted:
Real estate is an investment! Really? To me investment have cash flow. RE is speculation. |
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Posted: 2/1/2011 4:38:15 PM EDT
[#32]
Quoted: Quoted: 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. |
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Posted: 2/1/2011 4:44:03 PM EDT
[#33]
Wow, that is insane. Yea, cheaper house FTW.
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Posted: 2/1/2011 4:47:07 PM EDT
[#34]
Quoted:
Quoted:
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
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Posted: 2/1/2011 4:47:51 PM EDT
[#35]
So what were your state taxes like in Calimexico?
I don't really care what your mortgage interest was. |
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Posted: 2/1/2011 4:51:42 PM EDT
[#36]
Quoted: So what were your state taxes like in Calimexico? I don't really care what your mortgage interest was. $4450 and some change. |
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Posted: 2/1/2011 4:53:01 PM EDT
[#37]
Quoted:
Quoted:
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. |
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Posted: 2/1/2011 4:54:20 PM EDT
[#38]
Quoted:
<==== 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 |
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Posted: 2/1/2011 4:58:54 PM EDT
[#39]
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. |
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Posted: 2/1/2011 5:05:10 PM EDT
[#40]
Quoted: Quoted: Quoted: 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. |
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Posted: 2/1/2011 5:05:49 PM EDT
[#41]
Quoted:
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. |
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Posted: 2/1/2011 5:08:02 PM EDT
[#42]
Don't borrow so much money. Problem solved.
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Posted: 2/1/2011 5:11:44 PM EDT
[#43]
Quoted: Quoted: 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 |
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Posted: 2/1/2011 5:12:36 PM EDT
[#44]
What is this mortage thing you speak of??
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Posted: 2/1/2011 5:13:13 PM EDT
[#45]
Quoted: Quoted: 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. |
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Posted: 2/1/2011 5:17:08 PM EDT
[#46]
Apparently most in GD are not familiar with housing costs in CA. 400k ain't shit
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Posted: 2/1/2011 5:17:22 PM EDT
[#47]
Quoted:
Quoted:
Quoted:
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. |
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Posted: 2/1/2011 5:18:02 PM EDT
[#48]
Quoted: Quoted: Quoted: 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. |
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Posted: 2/1/2011 5:19:03 PM EDT
[#49]
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.
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Posted: 2/1/2011 5:19:36 PM EDT
[#50]
Quoted:
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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