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The *true* price of a $500k home with a 30 yr mortgage at 5% is $900k

...
Older Applicant
  02/10/19
there's no better investment than owning a home! *said the B...
Corey <3
  02/10/19
Are you factoring in the time value of money and projected i...
0.1 Deliberate internally about suicide.
  02/10/19
this is a total sum after running all the numbers
Older Applicant
  02/10/19
No. You just took the nominal monthly mortgage payment and m...
0.1 Deliberate internally about suicide.
  02/10/19
i'm just giving the most honest figure.
Older Applicant
  02/10/19
also are you counting the mortgage interest tax-break?
Carishitrawgulu
  02/10/19
Which is now worth less after Tramp tax-cuts.
Andersen Pooper
  02/10/19
(guy who doesn't understand time value of money and the util...
gunneratttt
  02/10/19
(guy who didn't realize his $400k promissory note will actua...
Older Applicant
  02/10/19
Don’t forget that you’ll need to remodel that ho...
Gregor
  02/10/19
what's the math
""''''''"
  02/11/19
nobody should be buying a house 500K+ unless they live in CA...
...,,,.,..,.,,..,,,.,,,..,,,,...,,.
  02/11/19


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Reply Favorite

Date: February 10th, 2019 10:27 PM
Author: Older Applicant



(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760898)



Reply Favorite

Date: February 10th, 2019 10:27 PM
Author: Corey <3

there's no better investment than owning a home! *said the Boomer*

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760902)



Reply Favorite

Date: February 10th, 2019 10:33 PM
Author: 0.1 Deliberate internally about suicide.

Are you factoring in the time value of money and projected inflation or just posting a silly nominal figure?

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760928)



Reply Favorite

Date: February 10th, 2019 10:36 PM
Author: Older Applicant

this is a total sum after running all the numbers

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760946)



Reply Favorite

Date: February 10th, 2019 10:39 PM
Author: 0.1 Deliberate internally about suicide.

No. You just took the nominal monthly mortgage payment and multiplied by 12 and then by 30.

That's not the full picture.

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760969)



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Date: February 10th, 2019 10:42 PM
Author: Older Applicant

i'm just giving the most honest figure.

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760980)



Reply Favorite

Date: February 10th, 2019 10:34 PM
Author: Carishitrawgulu

also are you counting the mortgage interest tax-break?

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760936)



Reply Favorite

Date: February 10th, 2019 10:35 PM
Author: Andersen Pooper

Which is now worth less after Tramp tax-cuts.

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760940)



Reply Favorite

Date: February 10th, 2019 10:41 PM
Author: gunneratttt

(guy who doesn't understand time value of money and the utility of owning a house)

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760979)



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Date: February 10th, 2019 10:43 PM
Author: Older Applicant

(guy who didn't realize his $400k promissory note will actually be $750k)

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37760985)



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Date: February 10th, 2019 10:52 PM
Author: Gregor

Don’t forget that you’ll need to remodel that house at year 30 to sell it before you move to your retirement house. Remodel contractors and smart appliance makers want their cut too! 150k for a remodel today will be 300k in 2049 dollars.

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37761014)



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Date: February 11th, 2019 1:21 AM
Author: ""''''''"

what's the math

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37761556)



Reply Favorite

Date: February 11th, 2019 1:22 AM
Author: ...,,,.,..,.,,..,,,.,,,..,,,,...,,.


nobody should be buying a house 500K+ unless they live in CA or NYC...

(http://www.autoadmit.com/thread.php?thread_id=4199162&forum_id=2#37761560)