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

...
community_account
  02/10/19
there's no better investment than owning a home! *said the B...
htt
  02/10/19
Are you factoring in the time value of money and projected i...
.,....;...,.:...;...,....
  02/10/19
this is a total sum after running all the numbers
community_account
  02/10/19
No. You just took the nominal monthly mortgage payment and m...
.,....;...,.:...;...,....
  02/10/19
i'm just giving the most honest figure.
community_account
  02/10/19
also are you counting the mortgage interest tax-break?
.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,.,.,.,.,
  02/10/19
Which is now worth less after Tramp tax-cuts.
coons over my mommy
  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...
community_account
  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: community_account



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



Reply Favorite

Date: February 10th, 2019 10:27 PM
Author: htt

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: .,....;...,.:...;...,....


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: community_account

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: .,....;...,.:...;...,....


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)



Reply Favorite

Date: February 10th, 2019 10:42 PM
Author: community_account

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: .,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,.,.,.,.,


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: coons over my mommy

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)



Reply Favorite

Date: February 10th, 2019 10:43 PM
Author: community_account

(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)



Reply Favorite

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)



Reply Favorite

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)