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| 03:46 PM | ||
| Users Online Now: 2,189 (Who's On?) | Visitors Today: 1,461,579 | |
| Pageviews Today: 2,006,681 | Threads Today: 496 | Posts Today: 8,740 |
| 03:46 PM | ||
Has anyone paid off their mortgage? | |
#InfiltrateTheEnemy
 User ID: 80035320  United States02/27/2021 06:07 PM Report Abusive Post Report Copyright Violation | It felt good to dump them, but property taxes are killing me here in PA. Almost $5k per year. I can't see making these payments once I retire. I bought property in another county, and am building a house using a line of credit from the house I own now. Then I'll sell my old house and pay off my new log cabin. :) Yep, up on the south side top of a mountain...away from everyone. Then, I'll be really happy, and the property taxes are cheap. Last Edited by #InfiltrateTheEnemy on 02/27/2021 06:07 PM |
| Anonymous Coward User ID: 76653755 United States02/27/2021 06:07 PM Report Abusive Post Report Copyright Violation | And property tax is higher than mortgage in prime locations Quoting: Anonymous Coward 24190996 Today , now and for millions of homeowners Check Zillow if have doubts A 1950’s house I bought in Denver, fixed up a bit and sold for $65,000 in 1988, is now worth $450,000 on Zillow. I would not want to be living in it and paying that level of property tax for that small house. I moved from there long ago. |
| BuckyBalls
User ID: 47009894 United States02/27/2021 06:10 PM Report Abusive Post Report Copyright Violation | Did it change anything? Quoting: Anonymous Coward 53118722 Did it make you less stressed out? I knew a guy who lived in a suburb of Chicago. He paid off his mortgage, but he said his property taxes ended up higher than his mortgage payment. Long ago, but my property taxes have steadily risen, so if means nothing. I'm paying more now, than I did when I had a mortgage. That being said, missing a taxes payment a few times is forgivable. Missing a mortgage payment is not. But having the equity in the house if its paid off means you can remortgage and use that money as a small nest egg for emergencies . Last Edited by BuckyBalls on 02/27/2021 06:12 PM No bromo dude... |
| Anonymous Coward User ID: 76653755 United States02/27/2021 06:11 PM Report Abusive Post Report Copyright Violation | Did it change anything? Quoting: Anonymous Coward 53118722 Did it make you less stressed out? I knew a guy who lived in a suburb of Chicago. He paid off his mortgage, but he said his property taxes ended up higher than his mortgage payment. That guy lied. Property taxes suck but they are nowhere near a house payment. uh, my taxes are higher than my mortgage payment. My property taxes are less than $1000.00 a year, around $75.00 a month. |
| BuckyBalls
User ID: 47009894 United States02/27/2021 06:13 PM Report Abusive Post Report Copyright Violation | Did it change anything? Quoting: Anonymous Coward 53118722 Did it make you less stressed out? I knew a guy who lived in a suburb of Chicago. He paid off his mortgage, but he said his property taxes ended up higher than his mortgage payment. That guy lied. Property taxes suck but they are nowhere near a house payment. uh, my taxes are higher than my mortgage payment. My property taxes are less than $1000.00 a year, around $75.00 a month. It depends where you live. Mine are almost 10 grand a year. Yah. No bromo dude... |
| Anonymous Coward User ID: 80070748 United States02/27/2021 06:14 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80052843 United States02/27/2021 06:16 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80035245 United States02/27/2021 06:29 PM Report Abusive Post Report Copyright Violation | I paid off my house quickly by collecting social security at age 66 and continuing to work full time until 71. Then I retired and it’s very easy living off my SS check with no house payment. Quoting: Anonymous Coward 76653755 I thought you couldn’t do that; work full time while drawing social security. |
| Auburnite
User ID: 23751121 United States02/27/2021 06:36 PM Report Abusive Post Report Copyright Violation | I sold two homes within the last 10 years, so yes. Now I just rent a small apartment with no debt. I am waiting for this next real estate bubble to pop, and then I will invest again. I have never lost in real estate. But you have to time things to be ahead of the curve. |
| Anonymous Coward User ID: 80090698 United States02/27/2021 06:40 PM Report Abusive Post Report Copyright Violation | When I bought a house I decided not to try to save any money, just kept paying the house off in chunks of 10K, 15K, etc. Owned it with in 4 years and had little cash, but then i was just paying bills/property taxes so was able to start saving in a serious fashion. hated the idea of paying interest. figured it like this...if the 30 year mortgage was a good deal for you...the bank wouldn't be so willing to do it. |
| Anonymous Coward User ID: 78508358  Australia02/27/2021 06:43 PM Report Abusive Post Report Copyright Violation | My house was valued last year by a local real estate company. It’s worth $658,000 in the current market. I paid $42,500 back in 1984. My annual rates set me back $1658.00 per year. I pay $75 a fortnight to cover the rates. Electric bill is $65 per month. Natural gas is $54 every two months. Water bill is $95 every three months. Phone and internet is $109 per month. Loving life... |
| Jungleboogie
User ID: 76648271  Canada02/27/2021 06:49 PM Report Abusive Post Report Copyright Violation | |
| InMyDreams
User ID: 80068294 United States02/27/2021 06:54 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76653755 United States02/27/2021 08:50 PM Report Abusive Post Report Copyright Violation | I paid off my house quickly by collecting social security at age 66 and continuing to work full time until 71. Then I retired and it’s very easy living off my SS check with no house payment. Quoting: Anonymous Coward 76653755 I thought you couldn’t do that; work full time while drawing social security. You do have to report a percentage of it as income but It doesn’t add that much to total income tax, and, since SS tax is still being withheld from the paychecks, my SS check increased plus an additional lump sum paid after each year’s additional earnings were added in. |
| Anonymous Coward User ID: 76956190 United States02/27/2021 09:02 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 71635907 United States02/27/2021 09:06 PM Report Abusive Post Report Copyright Violation | |
| Mrs Lady Pants
User ID: 77090907 United States02/27/2021 09:06 PM Report Abusive Post Report Copyright Violation | Try owning an expensive house in the northeast. My property taxes are 32,000 annually and they are set to go up this year as they reassess all the homes based on today’s bubble inflated market price. Quoting: Anonymous Coward 80052843 We’re all just serfs Wow.. Long Island? CT? I knew a guy that built a dream home on Long Island. Cost him 600K. It was so amazing, the taxes they nailed him with forced him to sell. He built his dream house and then couldn't afford the property taxes. |
| thetrickybigguy
User ID: 79556664 United States02/27/2021 09:07 PM  Report Abusive Post Report Copyright Violation | years ago way back in 2012 Thread: Condo paid for, no car payment.... Falling down is a part of life, getting back up is living. ~ Life is about choices, you get to make them each and every day of your life. ~ Capitalization is the difference between helping your Uncle Jack off a horse and helping your uncle jack off a horse.~ Only in America... do we use the word 'politics' to describe the process so well: 'Poloi' in Greek meaning 'many' and 'tics' meaning 'bloodsucking creatures'.~ “When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.” If you're not a liberal at twenty you have no heart, if you're not a conservative at forty you have no brain. Winston Churchill |
| Mrs Lady Pants
User ID: 77090907 United States02/27/2021 09:08 PM Report Abusive Post Report Copyright Violation | I paid off my house quickly by collecting social security at age 66 and continuing to work full time until 71. Then I retired and it’s very easy living off my SS check with no house payment. Quoting: Anonymous Coward 76653755 I thought you couldn’t do that; work full time while drawing social security. You do have to report a percentage of it as income but It doesn’t add that much to total income tax, and, since SS tax is still being withheld from the paychecks, my SS check increased plus an additional lump sum paid after each year’s additional earnings were added in. I didn't think you could do that either. Anyone I know that collects SS, can't work more than 40 hours a month. They must be fully retired to collect. |
| Anonymous Coward User ID: 80065655 United States02/27/2021 09:10 PM Report Abusive Post Report Copyright Violation | |
| JF Priest
User ID: 47017325 United States02/27/2021 09:20 PM Report Abusive Post Report Copyright Violation | Paid Mine off in 10 years workin like a madman.. https://imgur.com/GJBToTJIt Only Hurts If You Care... |
| Shetland Pony Dog
User ID: 77353092 United States02/27/2021 09:31 PM Report Abusive Post Report Copyright Violation | Did it change anything? Quoting: Anonymous Coward 53118722 Did it make you less stressed out? I knew a guy who lived in a suburb of Chicago. He paid off his mortgage, but he said his property taxes ended up higher than his mortgage payment. That guy lied. Property taxes suck but they are nowhere near a house payment. Not in ILlinois.A property my family owned ,bought in 1990 for 200,000 taxes 1400 .Finally sold in 2019 for 280k.Taxes were 13k.Thank fully we were able to rent out a little house and part of the property that barely covered the taxes this was unimproved land.You have no idea how corrupt these assholes are. Look at the cawk on that dawg Education is a process,not a result |
| 3643297
User ID: 76832232 United States02/27/2021 09:39 PM Report Abusive Post Report Copyright Violation | I paid off my house quickly by collecting social security at age 66 and continuing to work full time until 71. Then I retired and it’s very easy living off my SS check with no house payment. Quoting: Anonymous Coward 76653755 I thought you couldn’t do that; work full time while drawing social security. You do have to report a percentage of it as income but It doesn’t add that much to total income tax, and, since SS tax is still being withheld from the paychecks, my SS check increased plus an additional lump sum paid after each year’s additional earnings were added in. I didn't think you could do that either. Anyone I know that collects SS, can't work more than 40 hours a month. They must be fully retired to collect. Full retirement AGE, not fully retired. Once you have turned your full retirement age, there is no limit on how much you can earn while collecting Social Security payments. Your full retirement age is based on the year you were born. The full retirement age for anyone born between 1943 and 1954 is 66 years old. |
| Anonymous Coward User ID: 77555607 Canada02/27/2021 09:40 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80045503 United States02/27/2021 09:46 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 71229132 United States02/27/2021 09:46 PM Report Abusive Post Report Copyright Violation | Yep, nearly fourteen years ago. Quoting: Anonymous Coward 78508358 My house was valued last year by a local real estate company. It’s worth $658,000 in the current market. I paid $42,500 back in 1984. My annual rates set me back $1658.00 per year. I pay $75 a fortnight to cover the rates. Electric bill is $65 per month. Natural gas is $54 every two months. Water bill is $95 every three months. Phone and internet is $109 per month. Loving life... you ever ask yourself, everywhere you go, they are building building building, apartments, houses, everywhere. new construction literally everywhere HOW in the fuck are housing prices increasing TEN TIMES what they were?? HOUSING PRICES SHOULD BE DECREASING FER FUCK SAKES they are raping us all to death simply by counterfeiting our money, legally by the trillions. why are you worried about fucking taxes? they are taking 100 times more of your money through goddamn inflation/printing money. |
| Anonymous Coward User ID: 72511948 United States02/27/2021 10:03 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79724615 United States02/27/2021 10:05 PM Report Abusive Post Report Copyright Violation | Did it change anything? Quoting: Anonymous Coward 53118722 Did it make you less stressed out? I knew a guy who lived in a suburb of Chicago. He paid off his mortgage, but he said his property taxes ended up higher than his mortgage payment. That guy lied. Property taxes suck but they are nowhere near a house payment. uh, my taxes are higher than my mortgage payment. Throw some numbers out I am not buying it. Your assessor would have to be mentally retarded and your town's population completely neutered for that to happen or you f*cked up and got one of those wonky doomed to failure interest only mortgage type arrangements where you never get the house paid off. Or you are subletting from a very generous grandma or something else. For 99% of the population who get a reasonable mortgage property taxes are not more than the mortgage payment. |
| Anonymous Coward User ID: 76956190 United States02/27/2021 10:06 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77995022 United States02/27/2021 10:10 PM Report Abusive Post Report Copyright Violation | |
