RW> TW> I just cranked a few figures from younger years in the loan
RW> TW> calcualtor and for a $95,000 Home Laoan with a $700 per month payment
RW> TW> one would have only saved $93780 in Interest. THAT IS FAR from Rich.

As a side note that interst paid was on a 7% loan

RW> TW> AND after the $700 stops that part of what you called "cost of
RW> TW> living" drops dramaticly as only a much smaller amount of property
RW> TW> taxes remains

RW>This sounds like you're saying that property taxes go low as the property
RW>ages. That can't be, as my property taxes don't do that, nor did they do
RW>that in San Diego county.

NO, the Property taxes are the same was when paying the loan. Except for
the Political Manupliation each year. BUY with out the Interest and and
whatever goes into equity the cost of the roof over your head does go
down. My property Taxes right now are running $176.00 per month.

RW> TW> For those that can swing the payments NOT buying a house is
RW> TW> Terminally STUPID

RW>True.

RW> TW> I canot express how great it feels to only be paying the property
RW> TW> Taxes to put a roof over my head.

RW>We could do that, but I'm reluctant to pull enough money out of the money
RW>and stock market to pay it off. It's better to let the gov't make those
RW>payments out of my SS check every month for now. And we still have the
RW>income from the markets to offset the interest paid...

RW>                R\%/itt

RW>... besides, IMNSHO, Ward Dossche should resign as ZC2 and surrender his
RW>... net node-number to the ZCC !            - Cato the Elder -

RW>... Reminder:

RW>... On Friday September 8th 2006, Mike Godwin's 16 year experiment was
RW>... concluded and Godwin's Law was officially repealed by a popular vote
RW>... among millions of individuals.

RW>... http://repealgodwin.tripod.com/


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