The Stock Market Is Not The Economy Thread II

[Zetanio]

Here's mine:

Current house (Acquired via dead granny) : Value at acquisition - 600k, Current value - somehow 675k
Initial loan amount: 0
Current loan balance: 0

Could rent in a pinch if we need to move somewhere to cover all costs with probably a $2500 net to us a month on a $3000 a month rent. Way way more if we rented it short term like shitbags in the summer (like 50k a summer or more net).

If rates drop stupidly again we'll pull money out of the house for renovations and expansion via heloc. It's 1400 sq ft with a full basement that's like 4 inches too low for legal habitation, in-ground pool, 1.05 acres that we could subdivide and sell half of for prolly 200k. I want to add either another floor or another wing and also redo the whole interior, full gut. Prolly needs a new roof too at the same time. Ideal footprint is like 2200-2500 with a standalone garage/in-law apt.

[Roranora]

rip grandma, rip grandma

you're dead now; no one can hurt you

rip grandma

[Buffy]

Bought home for 457k in 2016.
Initial mortgage of 366k.
Rate: 4.25%.

Now worth 700k
Remaining mortgage: 0$

[Roranora]

what a flex this guy

[Zetanio]

Bought home for 457k in 2016.
Initial mortgage of 366k.
Rate: 4.25%.

Now worth 700k
Remaining mortgage: 0$

ok you are the king of profits for now.

[Buffy]

It won’t last, gonna go flip into something in Fairfax, VA that’s gonna make me choke on the new interest rates, probably summer of ‘24.

[Daydreamer]

Guess I'm posting mine.

Bought in 2020 for 355k, 2.5% interest.

It went up to 550 evaluation at some point but is back to 415k now. My realtor calls the house my golden handcuffs and she's right.

[6souls]

WB and Paramount are in merger talks.

[Zetanio]

It won’t last, gonna go flip into something in Fairfax, VA that’s gonna make me choke on the new interest rates, probably summer of ‘24.

i would recommend against that if your house is fully paid off

[Zetanio]

WB and Paramount are in merger talks.

this consolidation in media is getting close to being annoying.

[Buffy]

i would recommend against that if your house is fully paid off

I don’t really want to. We need/want to move closer to the private school for our daughter and my new job. It’s been the plan for like 5 years.

[Zetanio]

woof. sry fam.

[archibaldcrane]

Don't move for a private school, move into a great public school district.

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[Koyangi]

Sounds like she's already enrolled there.

[Zealot]

Private school sucks.

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[thetruepandagod]

i disagree

[Salodin]

Private school sucks when public is the same or better and you can use that extra cash for extra curriculars that actually improve your child instead of leaving them a social mess cause they went to some tiny exclusive school.

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[thetruepandagod]

my private schools were far better in terms of education than the public option. i guess ymmv depending on location

[Gredival]

It depends entirely on the private school, the student, and the budget.

Because colleges are moving to test optional due to progressive whining, there's a school disadvantage modifier now. But you're always measured relative to your peers.

Like the best position to be in is a URM going to a school with a huge disadvantage modifier but being the top of your class.

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[archibaldcrane]

Bernie no

https://twitter.com/BernieSanders/st...17lbWnFDA&s=19

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