China Passes Japan as World's Second Largest Auto Market
- Thread starter Topspin
- Start date
Cancel 2016.2
The Almighty
"Yeah! Less money for the mortgage!"
Umm.... how about you offest the increase... then you don't have to fret...
1) Drive less
2) By an timer for your AC/Heating system and set to only be on minimal hours
3) Invest in an income producing security that derives its income from the price of oil or nat gas
Umm.... how about you offest the increase... then you don't have to fret...
1) Drive less
2) By an timer for your AC/Heating system and set to only be on minimal hours
3) Invest in an income producing security that derives its income from the price of oil or nat gas
Cancel 2016.2
The Almighty
"Buy some oil stock and pay cash for the house"
Agree with the first... but the second??? NO.
Not at these interest rates. An example top....
Say real estate values go up 2% this year. You have a 300k home. Value of home goes to 306k. If you have home paid off you make the 2% on your equity. Now say you had 20% equity in the home (60k).... now if the home value goes up 2%... you still make 6k, but on 60k equity so you earn 10%.
Take the remaining 240k and invest it in securities making 9% income. That produces $21,600 in income. If your credit is good, you can still get a 30 year fixed for about 6%. That means you clear 3%, not counting the ability to deduct the interest from your taxes and more than likely giving you the opportunity to itemize deductions rather than simply taking the standard.
Agree with the first... but the second??? NO.
Not at these interest rates. An example top....
Say real estate values go up 2% this year. You have a 300k home. Value of home goes to 306k. If you have home paid off you make the 2% on your equity. Now say you had 20% equity in the home (60k).... now if the home value goes up 2%... you still make 6k, but on 60k equity so you earn 10%.
Take the remaining 240k and invest it in securities making 9% income. That produces $21,600 in income. If your credit is good, you can still get a 30 year fixed for about 6%. That means you clear 3%, not counting the ability to deduct the interest from your taxes and more than likely giving you the opportunity to itemize deductions rather than simply taking the standard.
Cancel 2016.2
The Almighty
"that was a joke freak, "
thank god... ya scared me there.
RAF... take a look at it.... Asian real estate closed end that just came out. Probably want to wait until it comes off its initial offering pricing which should be early to mid July.
thank god... ya scared me there.
RAF... take a look at it.... Asian real estate closed end that just came out. Probably want to wait until it comes off its initial offering pricing which should be early to mid July.
uscitizen
Villified User
Ahhh to be so blindly certain of the future...
The future is always in flux Gashopper.