SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (318285)1/8/2007 11:46:56 PM
From: TimF  Read Replies (1) of 1573927
 
Yes, you are right........its not until the 16th year where the monthly mortgage payment is all principal.

Now your going to far in the other direction.

Even after year 16 (on a 30 year mortgage) your still paying interest. Its just at the point the portion of your payment that is principle often exceeds the portion that is interest.

Having said that, my point still stands.......we pay a lot of interest for the privilege of having a mortgage.

That fact is certainly true, but I'm not sure what point you are trying to make based on it. It doesn't support your earlier claim that "debt is always a negative".

Well in one simplistic sense debt is always a negative. If you could have less debt and nothing else changes things would be better for you. If you have more debt and nothing else changes things are worse.

But taking on debt can be a good idea, even a very good one in certain circumstances.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News