A Mortgage is like the bank raping you

[beenz]

Your friend got some shytty ass credit

that payment doesnt reflect shytty credit. when u own a crib u gotta factor in the other cost on ur mortgage. u might be paying mortgage insurance, you might be paying home insurance. and hell, you might be escrowing your property taxes as well. all those other things quickly make your mortgage be much more than simply the principle plus the interest.

 

[Dirk Diggler]

that payment doesnt reflect shytty credit. when u own a crib u gotta factor in the other cost on ur mortgage. u might be paying mortgage insurance, you might be paying home insurance. and hell, you might be escrowing your property taxes as well. all those other things quickly make your mortgage be much more than simply the principle plus the interest.

And dont forget you may have paid POINTS on your mortgage that does nothing but pad the lenders pockets. I paid 2 during my refi and I wrote it off the next filing year

 

[winb83]

the whole tax credit on mortgage interest is something i don't get. if you're in a 25% bracket you basically have to pay a dollar to save 25 cents. no tax break and you'd just pay the 25 cents and keep the 75 cents. i guess you still do slightly lower your interest rate but you still pay a dollar to save 25 cents.

 

[Dirk Diggler]

the whole tax credit on mortgage interest is something i don't get. if you're in a 25% bracket you basically have to pay a dollar to save 25 cents. no tax break and you'd just pay the 25 cents and keep the 75 cents. i guess you still do slightly lower your interest rate but you still pay a dollar to save 25 cents.

But what do people who are renting get back?

 

[WaveCapsByOscorp™]

Capitalism is like society raping you.(if you werent born rich)

i surprised people don't acknowledge this. i'll admit, it's hard to design a system that actually tries to balance things but what i find more despicable is the acceptance of such a flawed system simply because it promotes the fact that we can all be equal...

 

[MikelArteta]

Where they at then?

They live in Jamaica

Whenever they plan on selling this I get 1/3rd of it

 

[M617]

They live in Jamaica

Whenever they plan on selling this I get 1/3rd of it

You do realize with these posts you make your coming off as a spoiled brat with a silver spoon right?

 

[beenz]

You do realize with these posts you make your coming off as a spoiled brat with a silver spoon right?

He does have a silver spoon. The only reason he has a crib is cuz his mommy and daddy left him one.

 

[Food Mane]

i surprised people don't acknowledge this. i'll admit, it's hard to design a system that actually tries to balance things but what i find more despicable is the acceptance of such a flawed system simply because it promotes the fact that we can all be equal...

Yes, a system that has increased life expectancy and reduced infant mortality rates dramatically all over the world is entirely despicable.



Read a book, fella.

 

[WaveCapsByOscorp™]

Yes, a system that has increased life expectancy and reduced infant mortality rates dramatically all over the world is entirely despicable.



Read a book, fella.

is that all? you're going to pick only two things to defend it? please pick more so i can tear those apart as well...

 

[Food Mane]

is that all? you're going to pick only two things to defend it? please pick more so i can tear those apart as well...

Well you didn't even tear the examples I gave apart. Why don't you start with those?

For what it's worth life expectancy and infant mortality are widely accepted indicators of quality of life.

Go for it, brah!

 

[WaveCapsByOscorp™]

Well you didn't even tear the examples I gave apart. Why don't you start with those?

For what it's worth life expectancy and infant mortality are widely accepted indicators of quality of life.

Go for it, brah!

capitalism is not responsible for changes in life expectancy nor changes in infant mortality rates. those are medical and technological advances that happen in other economic systems. and further, they don't indicate much on quality of life as much as they indicate further duration of life...

 

[TBD]

It's always better than renting your entire life and making someone else rich.

 

[dabestkeptsecret]

I never understood how people could say the own a house and yet if u miss a month of mortgage payment or property tax u get kicked out. Unless u got that house paid for u don't own anything

 

[BillBanneker]

It's always better than renting your entire life and making someone else rich.

Like you're not doing the same thing with paying a mortgage?