1 minute ago, Paul852 said:

Nobody likes a braggart, HE.

MEH, that ain’t sheet. We paid our home off last year. Thanks Biden!  

5 minutes ago, HazletonEagle said:

I fixed it. It wasnt that low. 2.49

I had a friend who got a 30 year at around 1.5 to 1.75. Definitely jealous. That's practically a free loan.

5 minutes ago, Tnt4philly said:

MEH, that ain’t sheet. We paid our home off last year. Thanks Biden!  

I'm close man. Real close. Congrats though. That must be an amazing feeling.

1 minute ago, Paul852 said:

I'm close man. Real close. Congrats though. That must be an amazing feeling.

Hopefully Joe Biden pays the rest, am I right??

9 minutes ago, Paul852 said:

I had a friend who got a 30 year at around 1.5 to 1.75. Definitely jealous. That's practically a free loan.

A 30-year? What was the LTV? 

I got a 2.5 fixed end of 2020

1 hour ago, HazletonEagle said:

your numbers are all so far off.

I had about 60k in loans. Not 36. 26k was remaining. And I had 20 MORE years to repay them. It wasnt a 36k loan on a 20 year repayment.

My home equity loan isnt for 100k+ either. Those jobs didnt add up to 100k. Plus, I said we paid for the HVAC already, and for the driveway. We paid cash for the driveway. The only thing we took a loan for was the garage itself. 

Its not my math thats hand wavy. Its your reading comprehension and assumptions that misled you.

And yes, we crushed it on the rate of the garage loan. Its 5.3 or 5.5. Something like that. Rates went up a couple of times since then. There was one rate hike almost immediately after we got the loan. We hit it at the right time.

We got quotes to expand to a 3-car garage and add a mother-in-law suite over top 3-4 years ago and every quote was over $200k. 

We ended up deciding to buy a townhouse nearby rather than having her move in with us. That will turn into a rental when she's not there. 

3 minutes ago, JohnSnowsHair said:

We got quotes to expand to a 3-car garage and add a mother-in-law suite over top 3-4 years ago and every quote was over $200k. 

We ended up deciding to buy a townhouse nearby rather than having her move in with us. That will turn into a rental when she's not there. 

Ours is detached. Insullated and drywalled/painted in the parking area, but unfinished upstairs. Up there was just meant for storage. 

It has electricity but not water.

Glad to see fellow EMB members having their personal finances in good shape.

32 minutes ago, Tnt4philly said:

MEH, that ain’t sheet. We paid our home off last year. Thanks Biden!  

Congrats!  Although I suspect you would have done that regardless of who was in office.

3 hours ago, Dave Moss said:

Not sure why folks don’t understand HE’s situation.  He got his loans paid off by Biden.  Then he got a home equity loan to do the house projects (garage, driveway, etc.). In other words, his student loan debt was paid off by the government, then he took on new debt.  Not sure why John Snow is confused…

If the student loan situation were to be dealt with equitably, the educational institutions would bear the financial burden of writing down these loans - not the federal government.

4 minutes ago, Procus said:

If the student loan situation were to be dealt with equitably, the educational institutions would bear the financial burden of writing down these loans - not the federal government.

Right.  Why do you think the federal government does it?

Trump tells Christians to Vote and if they do, they won't have to vote again. That he will fix it so they don't have to vote again. Disgusting.

I take him literally and seriously. 

Trump Says Americans ‘Won’t Have to Vote Anymore’ If He Wins

https://www.theatlantic.com/politics/archive/2024/07/trump-vote-believers-summit/679273/

He’s telegraphing his authoritarian intentions in plain sight.

 

Yesterday, former President Donald Trump told a group of supporters that they won’t have to vote again if they elect him to the presidency. "You won’t have to do it anymore,” Trump said at the Turning Point Believers’ Summit in Florida. "It’ll be fixed; it’ll be fine; you won’t have to vote anymore, my beautiful Christians.”

Trump’s remarks represent an extraordinary departure from democratic norms in the United States—rarely, if ever, has a major party’s presidential candidate directly stated his aim to make elections meaningless, a notorious hallmark of autocracy.

Scary thought

 

 

57 minutes ago, JohnSnowsHair said:

A 30-year? What was the LTV? 

I got a 2.5 fixed end of 2020

No idea. He did well though.

14 minutes ago, Mike030270 said:

Scary thought

Especially after that Massey murder. 

54 minutes ago, Procus said:

If the student loan situation were to be dealt with equitably, the educational institutions would bear the financial burden of writing down these loans - not the federal government.

Or, as in the case of almost every other country on Earth, the government understands that education is the strongest link to economic competitiveness in the future, and highly subsidizes higher ed. College tuition in Europe, Australia, Japan, Korea, Canada, and on and on are little compared to the U.S. system. It is a collective investment in the future if society, UNLESS, you lr platform floats on ignorance and the need for the lowest level of groupthink

15 minutes ago, Next_Up said:

Or, as in the case of almost every other country on Earth, the government understands that education is the strongest link to economic competitiveness in the future, and highly subsidizes higher ed. College tuition in Europe, Australia, Japan, Korea, Canada, and on and on are little compared to the U.S. system. It is a collective investment in the future if society, UNLESS, you lr platform floats on ignorance and the need for the lowest level of groupthink

Are educational institutions raking in the dough in other countries the way they are here?  Student loans (and forgiven student loans) ultimately serve to help the bottom line of these educational institutions.

1 hour ago, Dave Moss said:

Right.  Why do you think the federal government does it?

If your question is why is the federal government forgiving these loans, the answer is it is doing so in violation of a Supreme Court ruling for the purpose of buying votes.

3 minutes ago, Procus said:

If your question is why is the federal government forgiving these loans, the answer is it is doing so in violation of a Supreme Court ruling for the purpose of buying votes.

I wasn’t answering that question. I was answering your premise that colleges and universities should be paying it and not or in addition to tax payers. Tax payers paying it is similar in many ways to taxes going to benefit the greater good of society. Your point about political opportunism is correct. It smells like payola for a voting block.

7 hours ago, Toastrel said:

Doomed to repeat history.

You could be the poster thing for failing to learn.

That response coming from the first over the summer school shooter. Go sit down woozy.

19 minutes ago, Next_Up said:

I wasn’t answering that question. I was answering your premise that colleges and universities should be paying it and not or in addition to tax payers. Tax payers paying it is similar in many ways to taxes going to benefit the greater good of society. Your point about political opportunism is correct. It smells like payola for a voting block.

I disagree that taxpayers bearing the brunt of loan forgiveness benefits the greater good of society - I do think financially bloated educational institutions bearing the brunt of loan forgiveness would benefit society.  The financial strain is too much - especially given the unsustainable national debt and budget deficits.

This has a ring of truth to it.  Of course, all the flaming progressives here will laugh at it, just as they laughed at the suggestion that Biden would not be the nominee.

1 hour ago, Dave Moss said:

Right.  Why do you think the federal government does it?

To buy votes