Comments on: It’s not an either-or world http://www.bluntmoney.com/its-not-an-either-or-world/ Wed, 12 Oct 2011 07:20:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Amy http://www.bluntmoney.com/its-not-an-either-or-world/comment-page-1/#comment-39583 Amy Tue, 22 Jul 2008 18:59:15 +0000 http://www.bluntmoney.com/its-not-an-either-or-world/#comment-39583 I have a paid for one bedroom condo in Florida and boy, am I glad with the economy the way it is. My "basic" living expenses for the condo are $504 (maintenance, power, phone/internet/cell phone, property taxes and homeowners insurance) which essentially could be paid out of unemployment if worse came to worse. I was never able to claim the tax deduction so I decided that for me, nothing was better than a paid for home. Just knowing that no matter what, my home will never be taken away (unless I can't pay the maintenance and taxes) is a huge mental relief. Just my two cents worth! I have a paid for one bedroom condo in Florida and boy, am I glad with the economy the way it is. My “basic” living expenses for the condo are $504 (maintenance, power, phone/internet/cell phone, property taxes and homeowners insurance) which essentially could be paid out of unemployment if worse came to worse. I was never able to claim the tax deduction so I decided that for me, nothing was better than a paid for home. Just knowing that no matter what, my home will never be taken away (unless I can’t pay the maintenance and taxes) is a huge mental relief. Just my two cents worth!

]]> By: The Finance Section http://www.bluntmoney.com/its-not-an-either-or-world/comment-page-1/#comment-39566 The Finance Section Tue, 22 Jul 2008 07:33:33 +0000 http://www.bluntmoney.com/its-not-an-either-or-world/#comment-39566 I'm still trying to do both. I wouldn't want to go all out for paying the mortgage off and not having any savings or investments. With the standard mortgage term still 25 years, if I can get it paid off in less than 20 years I'll be happy. I’m still trying to do both. I wouldn’t want to go all out for paying the mortgage
off and not having any savings or investments. With the standard mortgage term
still 25 years, if I can get it paid off in less than 20 years I’ll be happy.

]]> By: bluntmoney http://www.bluntmoney.com/its-not-an-either-or-world/comment-page-1/#comment-39563 bluntmoney Tue, 22 Jul 2008 03:44:20 +0000 http://www.bluntmoney.com/its-not-an-either-or-world/#comment-39563 Wow, Rini, he could have bought cell phone service for that price. What was he thinking getting a house? ;) Wow, Rini, he could have bought cell phone service for that price. What was he thinking getting a house? ;)

]]> By: Bruce http://www.bluntmoney.com/its-not-an-either-or-world/comment-page-1/#comment-39553 Bruce Mon, 21 Jul 2008 20:35:40 +0000 http://www.bluntmoney.com/its-not-an-either-or-world/#comment-39553 Just wanted to let you know that you hit it dead on. “. . . what most people forget — there’s no “right” answer; there’s only what’s the most right for”. . . them. It is great reading what everyone is doing but everyone should build their own plan. Just wanted to let you know that you hit it dead on. “. . . what most people forget — there’s no “right” answer; there’s only what’s the most right for”. . . them. It is great reading what everyone is doing but everyone should build their own plan.

]]> By: Rini http://www.bluntmoney.com/its-not-an-either-or-world/comment-page-1/#comment-39546 Rini Mon, 21 Jul 2008 16:57:03 +0000 http://www.bluntmoney.com/its-not-an-either-or-world/#comment-39546 Just a fun side story along these lines... My grandfather recently made the final payment on his mortgage. For the past umpteen years, he has paid a whopping $60/mo for his (very nice 3-bedroom, downstairs-gameroom) house. Including property taxes. Now THAT was a good deal, hmm? I'm sure the bank declared a holiday when they finally got the last payment on that - can you imagine? Just a fun side story along these lines… My grandfather recently made the final payment on his mortgage. For the past umpteen years, he has paid a whopping $60/mo for his (very nice 3-bedroom, downstairs-gameroom) house. Including property taxes. Now THAT was a good deal, hmm? I’m sure the bank declared a holiday when they finally got the last payment on that – can you imagine?

]]> By: brainy http://www.bluntmoney.com/its-not-an-either-or-world/comment-page-1/#comment-39541 brainy Mon, 21 Jul 2008 13:41:01 +0000 http://www.bluntmoney.com/its-not-an-either-or-world/#comment-39541 I'm in the same boat -- I'm paying down my mortgage aggressively *and* investing at the same time. I admit to being more a fan of the the "pay down the mortgage" approach as, like you, I can't quite grip the "tax deduction" advantage. It's just not enough of an advantage (um, like, NO advantage) for me to be swayed... ;0) I’m in the same boat — I’m paying down my mortgage aggressively *and* investing at the same time.

I admit to being more a fan of the the “pay down the mortgage” approach as, like you, I can’t quite grip the “tax deduction” advantage. It’s just not enough of an advantage (um, like, NO advantage) for me to be swayed… ;0)

]]> By: JB http://www.bluntmoney.com/its-not-an-either-or-world/comment-page-1/#comment-39540 JB Mon, 21 Jul 2008 13:11:01 +0000 http://www.bluntmoney.com/its-not-an-either-or-world/#comment-39540 Yep... there are a lot of issues like this one floating around the PF blogs. You just have to do what's right for you and your situation, with your best judgment. There are so many variables in personal finance that it's impossible for one person to say what someone else should do... for the majority of these issues. Yep… there are a lot of issues like this one floating around the PF blogs. You just have to do what’s right for you and your situation, with your best judgment. There are so many variables in personal finance that it’s impossible for one person to say what someone else should do… for the majority of these issues.

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