Message from @Leaf
Discord ID: 637795868866510868
a mortgage is an amazing financial tool
Balls sweaty
if used wisely
Mum spaghetti
yes
<:dab:395562678153904128>
MUM SPAGHETTI
in the US mortgage tax advantages are fantastic
don't use credit card for dumb shit like tvs and toys. use it just for groceries and live within your means and pay your bill every month
he's on the nervous, but on the surface he looks spaghetti
I have a relative who has been in debt for 30 years because he took out a mortgage loan on a house that was literally built by his father
no taxes on interest, the principal is just you saving for your future
The debt keeps increasing because of interest rates
sheiiit. I wanna buy a house
thats because they're not intelligent leaf
I'm considering buying a duplex on first home buyers loan, and renting one side out
are they doing cash out refinance for fancy vacations?
live there for a couple years, then move on
if you do a cash out refinance use it to buy a SECOND investment property
not for shitty stuff
They're just above the poverty line
Never been able to fully pay off their debts but always paying portions
yeah if you live in a house 2 years, you get ZERO capital gains tax on the appreciation up to 250k-500k
Such retards
Yet the debt keeps rising
Tbh somebody who cant prevent themself from smoking probably shouldn't be trusted with credit
Literally being raped by Jews
the debt only keeps rising if he get something like an ARM or interest only loan
baste
Shut up downfall
what's a typical mortgage payment?
joos dealing with the c*nucks
i actually studied to be an actuary
Debt is not inherently bad but it there is a predatory industry surrounding it
so i know how to do all the mortgage/financial calcualtions by hand
So if you're stupid dont take any credit
Dunno exactly I never asked the particulars of his mortgage payments lol
its just a simple geometric series formula
I'm neurotic as hell when it comes to money
Like terrified that I'm being financially exploited at every turn lol