Comments on: Changing priorities http://www.bluntmoney.com/changing-priorities/ Wed, 12 Oct 2011 07:20:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bluntmoney http://www.bluntmoney.com/changing-priorities/comment-page-1/#comment-22219 bluntmoney Wed, 14 Nov 2007 13:23:23 +0000 http://www.bluntmoney.com/changing-priorities/#comment-22219 NCN, our mortgage interest is so low that the difference between what we can earn in an online account and what we pay is about half a percent. While normally I'm all for an extra half percent, since we don't know what house prices will be like in the future, I'd rather be sure to have my money + interest than pay the house off and possibly lose a little. Besides, if we decide that this isn't the way to go, we can just make a lump sum payment to the house. NCN, our mortgage interest is so low that the difference between what we can earn in an online account and what we pay is about half a percent. While normally I’m all for an extra half percent, since we don’t know what house prices will be like in the future, I’d rather be sure to have my money + interest than pay the house off and possibly lose a little. Besides, if we decide that this isn’t the way to go, we can just make a lump sum payment to the house.

]]> By: NCN http://www.bluntmoney.com/changing-priorities/comment-page-1/#comment-22212 NCN Wed, 14 Nov 2007 03:58:19 +0000 http://www.bluntmoney.com/changing-priorities/#comment-22212 Why does the fact that you might move change things? You'll be paying less in interest, you'll make more when you sell the house, and if you decide to stay, you'll be closer to your goal... Am I missing a reason NOT to payoff the house? Just a little confused... NCN Why does the fact that you might move change things? You’ll be paying less in interest, you’ll make more when you sell the house, and if you decide to stay, you’ll be closer to your goal…
Am I missing a reason NOT to payoff the house?
Just a little confused…
NCN

]]> By: bluntmoney http://www.bluntmoney.com/changing-priorities/comment-page-1/#comment-22209 bluntmoney Tue, 13 Nov 2007 23:21:33 +0000 http://www.bluntmoney.com/changing-priorities/#comment-22209 Bellen, 2 is out of the question for legal reasons. 5 seems to be about the soonest. MSMomsmoney, we don't have anywhere in particular in mind. As for why, this just doesn't seem like the best place to live in general, although the weather is nice much of the time. At any rate, we're only thinking about considering it. But until we know, it makes more sense to just save the money. Bellen, 2 is out of the question for legal reasons. 5 seems to be about the soonest.

MSMomsmoney, we don’t have anywhere in particular in mind. As for why, this just doesn’t seem like the best place to live in general, although the weather is nice much of the time.

At any rate, we’re only thinking about considering it. But until we know, it makes more sense to just save the money.

]]> By: MSMomsmoney http://www.bluntmoney.com/changing-priorities/comment-page-1/#comment-22208 MSMomsmoney Tue, 13 Nov 2007 22:40:31 +0000 http://www.bluntmoney.com/changing-priorities/#comment-22208 Where are you thinking of moving to? Why the change? Where are you thinking of moving to? Why the change?

]]> By: Bellen http://www.bluntmoney.com/changing-priorities/comment-page-1/#comment-22204 Bellen Tue, 13 Nov 2007 15:15:43 +0000 http://www.bluntmoney.com/changing-priorities/#comment-22204 Nothing wrong with changing priorities. If you're not going to pay down your mortgage, invest, save, spend some - just don't waste it. My question is - why are you thinking about maybe moving in 5 years? Why not 2 or 10? Truthfully, having lived lots of places, you just can't tell what the cost of living will be in 5 years. Florida used to be a great place to retire, then the housing prices & cost of water exploded. Now the housing market is in the pits, the cost of water is still going up (& there's not much of it, our county only has 70 days left), grocery prices have gone up, gas is up and unemployment has risen to 6% in our county. Not the 'paradise' it was just 5 years ago. Somewhere I read (maybe in DIE BROKE) you should buy your last house first. Unless the neighborhood goes drastically downhill there may not be a reason to move. Nothing wrong with changing priorities. If you’re not going to pay down your mortgage, invest, save, spend some – just don’t waste it.

My question is – why are you thinking about maybe moving in 5 years? Why not 2 or 10? Truthfully, having lived lots of places, you just can’t tell what the cost of living will be in 5 years. Florida used to be a great place to retire, then the housing prices & cost of water exploded. Now the housing market is in the pits, the cost of water is still going up (& there’s not much of it, our county only has 70 days left), grocery prices have gone up, gas is up and unemployment has risen to 6% in our county. Not the ‘paradise’ it was just 5 years ago.

Somewhere I read (maybe in DIE BROKE) you should buy your last house first. Unless the neighborhood goes drastically downhill there may not be a reason to move.

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