Economic Stimulus = what to you?

Schiffy

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Anybody can buy a house and pay it off... if you buy a house say for $100,000 grand, make 1 extra $200 payment a year towards the PRINCIPLE, and you can end up paying your house off in 15 years... the wife and I's plan is to pay an extra $200 every other month when we buy our house on a 15 year loan(that VS a 30 year loan, alone saves you around $66,00 on a house listed at $100K) and should have the house paid off in 4-6 years.
You just gotta be smart and know what you're doing, and where your money is going... :thumb: as for the stimulus check, some is going towards our trip to FFW, the rest is going to debt... we'll be 100% debt free by this time next year, and then we're buying our house. so the ONLY bills we'll have is the house. pay that off in 5 years, and we'll be living large on a $45,000 a year income.
 

realitygt

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I have no clue what's gonna happen with me...lol I'll probably be livilng on $13 a month or some bullshit. I have to pay $84,000 to go to rolla for 4 years and community college for 2... I mean that's fucking expensive. Then on top of that I'll have a house payment... Shit, I hate thinking about this.... that's why I say i have no clue..
 

Paul

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BadBlack95GT said:
Anybody can buy a house and pay it off... if you buy a house say for $100,000 grand, make 1 extra $200 payment a year towards the PRINCIPLE, and you can end up paying your house off in 15 years...

This is almost true, but only for houses which are $100K, which seem to be few and far between these days.

A $250,000 home for 30 years at 6%, you're paying $1498.87 p/month. For 15 years, it's $2109.64. But the spirit of what you're saying is correct in that paying more principle cuts a significant amount off the life of your loan.

My GF is in school to be a Psychiatrist, and I make decent money. If we get married, then we'll be living pretty comfortable between both our salaries. :)

Paul.
 

Nestromo

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I'm going to take my return and buy the rest of the parts that I need to install my turbo kit.
 
S

scarface

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realitygt said:
J.R. said:
In my savings account, eventually I'll pull it out and spend it I guess, but I'm pretty good at saving nowadays. Plus my house is paid for, and all electric, so my bills are low.

ur 27 and ur house is paid for? what is it a box? most take like 30 years or some shit don't they?
I have an 800k house that is paid for and I am 31.
 

Nestromo

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My GF's house is 2/3 paod for and she is 24. Damned baller status bitches. :(
 

Schiffy

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Paul said:
BadBlack95GT said:
Anybody can buy a house and pay it off... if you buy a house say for $100,000 grand, make 1 extra $200 payment a year towards the PRINCIPLE, and you can end up paying your house off in 15 years...

This is almost true, but only for houses which are $100K, which seem to be few and far between these days.

A $250,000 home for 30 years at 6%, you're paying $1498.87 p/month. For 15 years, it's $2109.64. But the spirit of what you're saying is correct in that paying more principle cuts a significant amount off the life of your loan.

My GF is in school to be a Psychiatrist, and I make decent money. If we get married, then we'll be living pretty comfortable between both our salaries. :)

Paul.


the wife and i are looking at 4 bedroom, 2 bathroom, 2 car garage houses in Houston for between $90,000-$100,000. so it'll work for us... :thumb:
 

Nestromo

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BadBlack95GT said:
Paul said:
BadBlack95GT said:
Anybody can buy a house and pay it off... if you buy a house say for $100,000 grand, make 1 extra $200 payment a year towards the PRINCIPLE, and you can end up paying your house off in 15 years...

This is almost true, but only for houses which are $100K, which seem to be few and far between these days.

A $250,000 home for 30 years at 6%, you're paying $1498.87 p/month. For 15 years, it's $2109.64. But the spirit of what you're saying is correct in that paying more principle cuts a significant amount off the life of your loan.

My GF is in school to be a Psychiatrist, and I make decent money. If we get married, then we'll be living pretty comfortable between both our salaries. :)

Paul.


the wife and i are looking at 4 bedroom, 2 bathroom, 2 car garage houses in Houston for between $90,000-$100,000. so it'll work for us... :thumb:

Come to DFW, I have 3 tracks within an easy drive and 3 within a really really short drive. :thumb: Of course if you don't want to change jobs it isn't really an option.
 
OP
OP
9

9psi 98

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BadBlack95GT said:
Paul said:
BadBlack95GT said:
Anybody can buy a house and pay it off... if you buy a house say for $100,000 grand, make 1 extra $200 payment a year towards the PRINCIPLE, and you can end up paying your house off in 15 years...

This is almost true, but only for houses which are $100K, which seem to be few and far between these days.

A $250,000 home for 30 years at 6%, you're paying $1498.87 p/month. For 15 years, it's $2109.64. But the spirit of what you're saying is correct in that paying more principle cuts a significant amount off the life of your loan.

My GF is in school to be a Psychiatrist, and I make decent money. If we get married, then we'll be living pretty comfortable between both our salaries. :)

Paul.


the wife and i are looking at 4 bedroom, 2 bathroom, 2 car garage houses in Houston for between $90,000-$100,000. so it'll work for us... :thumb:

I wish housing was that cheap around here. Hell, you can't touch anything below $400,000 worth moving into, and that'll still need work. That's why we're renting a basement apartment in a million dollar house. It's 30 mins from Washington D.C. and its in a really nice neighborhood. It is a basement apartment, but it's 3 bedroom and almost 800 squre feet.
 
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9psi 98

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1996mustangGT said:
4.10's :dancing6:

I finally got my 4.10's a week or so ago. They're still sitting in the box waiting for me to get around to putting them in.
 

1996mustangGT

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ill get the ford dealership to do mine... :eek:uttahere:
i know, im ignorant but i just dont want to mess with 'em.
 

Hybridbird

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I don't know anything about this economic stimulus thing so I probably won't get one..... :crazy2:
 

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