115th United States Congress

[Byrthnoth]

Homes rarely appreciate to the value that owners end up paying. Have you seen an amortization calendar?

Owning a home is a fucking scam even with the tax break

Home ownership is a stupid idea when you overpay for your house

->

We, as a society, should incentivize stupid home ownership by giving a tax break proportional to the amount you paid for your house



It's terrible policy but it's also kind of hard to see us getting rid of it in my lifetime.

[tyven]

I can’t imagine what it would do to the housing market.

I’m sure it’s not going anywhere, will just be interesting to see what their ideas are with it.

[Coren]

Homes rarely appreciate to the value that owners end up paying. Have you seen an amortization calendar?

Owning a home is a fucking scam even with the tax break

How much we collectively pay to purchase houses sucks... almost as bad as flushing money down the toilet on rentals?

[Salodin]

Yeah, wtf owning a home is infinitely better than renting. Even with the different problems that come along with it, assuming you don't buy a lemon.

Sent from my SAMSUNG-SM-G935A using Tapatalk

[Byrthnoth]

I can’t imagine what it would do to the housing market.

I’m sure it’s not going anywhere, will just be interesting to see what their ideas are with it.

I don't think any politician supports getting rid of it. It's one of the only parts of the current tax code that Trump's administration has said they're keeping.

But in theory, approximately a 10% reduction in house prices nation-wide: https://www.citylab.com/equity/2017/...rdable/528954/

[Day]

pew pew pew




https://www.mediaite.com/tv/watch-al...stol-at-rally/

[Zetanio]

It's good that Fannie and Freddie are selling off all those loans to the private market now though. Privatizing that shit is gonna make me a lot of money.

[tyven]

How much we collectively pay to purchase houses sucks... almost as bad as flushing money down the toilet on rentals?

Yeah, wtf owning a home is infinitely better than renting. Even with the different problems that come along with it, assuming you don't buy a lemon.

Sent from my SAMSUNG-SM-G935A using Tapatalk

the american dream is actually the american joke

We just bought because we were tired of renting but paying 300k over the purchase price of your home when all is said and done still fucking stings.

[Zetanio]

the american dream is actually the american joke

We just bought because we were tired of renting but paying 300k over the purchase price of your home when all is said and done still fucking stings.

That's why you take a second mortgage out, reinvest that money in a basic ETF like Vanguard or some shit and make enough to cover the interest on both payments.

Free money son. Free money.

[Day]

the difference in the way Zet handles money and I handle money is like fucking night and DAY

imma die poor boys

[Zetanio]

the difference in the way Zet handles money and I handle money is like fucking night and DAY

imma die poor boys

that's just because our parents killed the country. not ur fault bb <3

[tyven]

the difference in the way Zet handles money and I handle money is like fucking night and DAY

imma die poor boys

max a roth IRA, max whatever your employer will match in your 401k and you'll retire a millionaire

[Day]

I have a 401k and recently started using YNAB. I almost have next months bills alloted with money I actually have.

MOVING ON UP ♫


My 401k gone damn crazy this year, am I gonna lose it all when shit crash?

[Zetanio]

I have a 401k and recently started using YNAB. I almost have next months bills alloted with money I actually have.

MOVING ON UP ♫


My 401k gone damn crazy this year, am I gonna lose it all when shit crash?

Yes.

[Day]

Depressing

[tyven]

I have a 401k and recently started using YNAB. I almost have next months bills alloted with money I actually have.

MOVING ON UP ♫


My 401k gone damn crazy this year, am I gonna lose it all when shit crash?

yes but you'll also gain it back. its practically worthless until retirement unless you use it for a down payment on a house.

[tyven]

SS of my 401k. I mean this is ABSURD but since I'll be working for another 35 years it's actually hard to get excited.

[Zetanio]

Yeah, my IRA is up about 18% year to date. Hopefully get over 25% by christmas. Gonna go str8 cash for the first few months of 2018 I think. Lotta rate changes inc that will make things screwy.

[Day]

16.48% on my 401k took me 20 min to figure out how to log in and check lmao

[tyven]

16.48% on my 401k took me 20 min to figure out how to log in and check lmao

lol thats why i use the app. thumb print and I'm in