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Property Tax Increases
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<blockquote data-quote="farmerjan" data-source="post: 1830161" data-attributes="member: 25884"><p>My mtg rate is 2.87% taken out in 2021..... 30 years... it will be paid off when I am 96.... it was only for 75,000 for the house with me putting down a decent downpayment... I pay $380/ mo more or less with taxes and insurance included... </p><p>I have no intention to pay it off anytime soon. I can use the money it is saving me elsewhere right now. Sure, I will be paying a good amount in interest over the long term... but nothing like the $550 mo rent on the other house, with nothing to show for it but a landlord that was getting to be very controlling about the garden and all that... </p><p></p><p> Most of my credit cards have rates in the upper 28-32 percent... I use them and pay them off every month except for a few that have no finance charges for 6 or 12 months.... I have learned to "play the system".....use their money for a month-45 days for free... takes some manipulating, but it has saved me alot to have the money to use for some things I needed, and a few I wanted, and I will be having some work done on the house after the first of the year with some of this saved money... </p><p></p><p>I like the idea of not having to pay any interest and using someone else's money for a month at a time......but you have to be disciplined and I finally "got it" and am in better shape than I was for the last 30 years... my son is getting "allergic" to any debt except for the mortgages on the farms.... he hates to even use the line of credit now with the interest rates... sometimes it cannot be avoided for a month or 2 as we determine when to sell calves and such... but little by little he hopes to be operating more on his own money and not paying interest... </p><p>Debt is going to break this country and so many people have such a cavalier attitude towards it. Sometimes it cannot be avoided and can be a smart thing if it is, say, a piece of equipment that you need to function or operate better or more efficiently.... but overall we are trying to get away from it as much as possible...</p></blockquote><p></p>
[QUOTE="farmerjan, post: 1830161, member: 25884"] My mtg rate is 2.87% taken out in 2021..... 30 years... it will be paid off when I am 96.... it was only for 75,000 for the house with me putting down a decent downpayment... I pay $380/ mo more or less with taxes and insurance included... I have no intention to pay it off anytime soon. I can use the money it is saving me elsewhere right now. Sure, I will be paying a good amount in interest over the long term... but nothing like the $550 mo rent on the other house, with nothing to show for it but a landlord that was getting to be very controlling about the garden and all that... Most of my credit cards have rates in the upper 28-32 percent... I use them and pay them off every month except for a few that have no finance charges for 6 or 12 months.... I have learned to "play the system".....use their money for a month-45 days for free... takes some manipulating, but it has saved me alot to have the money to use for some things I needed, and a few I wanted, and I will be having some work done on the house after the first of the year with some of this saved money... I like the idea of not having to pay any interest and using someone else's money for a month at a time......but you have to be disciplined and I finally "got it" and am in better shape than I was for the last 30 years... my son is getting "allergic" to any debt except for the mortgages on the farms.... he hates to even use the line of credit now with the interest rates... sometimes it cannot be avoided for a month or 2 as we determine when to sell calves and such... but little by little he hopes to be operating more on his own money and not paying interest... Debt is going to break this country and so many people have such a cavalier attitude towards it. Sometimes it cannot be avoided and can be a smart thing if it is, say, a piece of equipment that you need to function or operate better or more efficiently.... but overall we are trying to get away from it as much as possible... [/QUOTE]
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