What $650K get you in New Orleans: [link]
(That's a really tony neighborhood, not quite St. Charles Ave, but pretty exclusive)
Buffy ,'Get It Done'
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
What $650K get you in New Orleans: [link]
(That's a really tony neighborhood, not quite St. Charles Ave, but pretty exclusive)
Squeaky Fromme is one of our cats' names.
New Orleans had my favourite housing market ever. I'm kinda sad I fell in love with LA.
I'm tempted to buy, just because (I think) I can afford to. But that only makes sense if I'm staying another 3+ years. Right now, that seems like a very long time.
I'll feel really dumb if I wake three years from now still renting here, though.
I like the Zeppelin plan and I always have.
Trivia Note: During the era of pulp magazines, there was famously one issue of Zeppelin Stories! featuring the short action packed story, "Gorilla of the Gasbags!"
When I was small, I thought that people rode inside the blimp part of Zeppelins, which horrified me.
"Gorilla of the Gasbags!"
Oh, god. So. Many. Snide. Political. Comments. In my brain.
Drowning in own snark. Send help.
Or Michael Rosenbaum in black leather. Whatever's handy.
Michael Rosenbaum in black leather
He's busy.
Sorry about that!
DX, thank you. You summed that up VERY nicely on the mortgage thing. That was what I was thinking (only didn't know how to say it). Cindy said it, too, only with more words and math.
I get that by paying interest, we're actually paying more than the house is worth, but if the house increases in value over that time (and ours is), that could even out what you actually paid for it in interest.
Add that to the tax breaks homeowners and I think it's the right thing to do. Even if I had the cash for a house, I'd still finance part of it and invest the cash I had in something that would pay a higher return.