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YOUR PREPS HAVE MADE YOU MORE MONEY THAN WHAT YOU MAY THINK; DON'T LET ANYONE TELL YOU DIFFERENT (Patreon)

Published:
2021-04-25 18:05:03
Imported:
2023-02

Content

YOUR PREPS HAVE MADE YOU MORE MONEY THAN WHAT YOU MAY THINK; DON'T LET ANYONE TELL YOU DIFFERENT.  Thank you for joining me today, Many Blessings to all of you and your Families.  

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YOUR PREPS HAVE MADE YOU MORE MONEY THAN WHAT YOU MAY THINK; DON'T LET ANYONE TELL YOU DIFFERENT

YOUR PREPS HAVE MADE YOU MORE MONEY THAN WHAT YOU MAY THINK; DON'T LET ANYONE TELL YOU DIFFERENT.Thank you for joining me today, Many Blessings to all of you...

Comments

Anonymous

That wood pile is like an open vault in an unlocked bank. You need gaurd dogs and armed guards.🤣

Marti Baker Girl

AP, wonder if you could take on a math challenge. I am mathmatically challenged (seriously) - Sustained a brain injury while on active duty and a second one a year after retirement. I see the 2008 housing crash repeating itself only multiplied by a gazillion. I was explaining to a friend who is trying to buy a home now because interest rates are so low that given the following scenario I don't see it being that great of a deal: Interest rates are low (2%). A house that sold for $250K last year is today selling at $350 -$400K. The buyer offers maybe $20K over what the list price is. The bank will only finance for the appraised price which is say $350 -400K. The buyer uses up his emergency fund of $20K to pay the rest. If buyer pays the home off in 30 years. does the interest paid plus depreciation when housing values go down outweigh jumping at a current low interest rate loan? I would think it better to wait, buy when the market is more reasonable and this would more than compensate for a present day low interest rate for an overpriced house. Thoughts from any of you who are good a math please.

Anonymous
>>58487968

My 2 cents @marti baker girl: Never overpay for a house, be patient. Never use your emergency fund, except for an emergency. Never pay for a home for 30 years, the price of the home will double and you made the banker rich. Keep looking, fixer-uppers can be a bargain. Hope this helps.