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May 19, 2024
10:15
:44
am
Iman23
All-American
He should sell the other house
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Iman23
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Iman23
Joined
Jan 18, 2008
Last login
Jun 10, 2024
Total posts
42,919 (2,774 FO)
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Messages
Author
Time
Helped my son move into his new house the last few days. Yes, it is a little
Hoopster
May 19, 10:11am
He should sell the other house
Iman23
May 19, 10:15am
At some point, I predict he will.
Hoopster
May 19, 10:18am
Why? He’s getting more in rent than his mortgage = free money, and when the
SuperTank
May 19, 10:33am
Because in today’s evironment, that “equity” could disappear in a heartbeat……
PhilPete
May 19, 10:38am
When has real estate ever lost valu
slccoug
May 19, 10:58am
RE: When has real estate ever lost valu
CBaass
May 19, 11:03am
How much does it actually cost to build a new house now?
ugo1st
May 19, 12:43pm
Need to take advantage of the cap gains exemption for residence. Cash out
Plato
May 19, 10:49am
Mortgage rate on first house is 2.6%. Mortgage on new home is 6.6% (4.6% and
Hoopster
May 19, 10:55am
How big is the mortgage on 1st house? He only has a couple yrs to sell and
Plato
May 19, 11:01am
I believe it is about $450K. Could be a bit less or
Hoopster
May 19, 11:13am
Yeah, you don't sell a 2.6% rate right now, unless you absolutely need to
RealSimsShadY
May 20, 3:56pm
High point in the RE cycle - 15 yrs of appreciation. Cap gains exemption
Iman23
May 19, 11:48am
Is it enough free money to make up for the increased cost in interest and the
cougaman
May 19, 11:54am
My FIL bought his house on a 30-year mortgage for $110/mo. He paid it every month for 30 years until it was paid off.
Cougar-Duck
May 19, 10:23am
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