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Politics : Formerly About Advanced Micro Devices

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To: pgerassi who wrote (115158)6/9/2000 12:04:00 PM
From: chic_hearne  Read Replies (1) of 1571601
 
OT

Re: I assume you "forgot" to remove from your payments the amount you paid for Property taxes and "Usage" fees paid by the bank to the government (school, city, state, etc.) as it is usually setup by most people? This would be somewhere around 10% to 20% of your homes worth in 5 years.

Please indicate if this was the case (and if you want to, the amounts paid).


Pete,

I think it's about $200 a month. Property taxes are about 1/4 of Wisconsin so my number might sound low.

Regardless, it's all the same to me. If it's something you have to pay because you're a home owner, it's the same as the mortgage to me.

I think the smart people are the ones who rent, and use the difference to gain equity through the financial system (stocks, bonds, and money markets).

True, so very true. It's amazing more people can't come to grips with this. I can get into a detailed discussion with someone about why a home is not an investment pointing out all of the reasons, but can rarely convince anyone. I think our society has been classically conditioned into believing this. It's hard for many to "think outside the box".

chic
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