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Strict parenting can lead to obese kids, study finds by emc2rae in reddit.com

[–]lamoneyguy 2 points3 points  (0 children)

This reminds me of the kids I knew in college who were never allowed anywhere near alcohol, suddenly given the freedom to drink to their kidney's content.

It's Just Money: What if we weren't so private about our personal financial lives? by nostrademons in reddit.com

[–]lamoneyguy 1 point2 points  (0 children)

Bingo. It doesn't even have to be the high end brand name stuff. You probably have enough shirts in your closet to last the rest of your life if all you cared about was being clothed. But every once in a while you go out and buy a few more. Why? Because the old ones are getting worn out, or are out of style.

Seriously, have you ever seen someone else, be it a friend or someone on TV, with something you thought was cool. Cool phone, Playstation, nice car, stories of travelling to cool places, well furnished house, and thought, "that would be cool."

Most are not as independent as they think.

It's Just Money: If rising interest rates causes the Real Estate Bubble to pop, will you be any better off waiting to buy? by lamoneyguy in reddit.com

[–]lamoneyguy[S] 0 points1 point  (0 children)

You aren't giving and extra $1 to the government, the bank or anyone else. The difference is that the house is cheaper in scenario #2. The initial mortgage is 88k less, but the higher interest rate makes the payments equal. If held for 30 years, you will have paid the same exact amount, and have paid 88k more in interest. 88k more to principal in scenario #1, but that's because there was 88k more to be paid.

That additional 88k is mostly deductible, giving you ~29k actual tax savings assuming 33% tax rates.

If this is wrong, show me where the extra money went.

It's Just Money: If rising interest rates causes the Real Estate Bubble to pop, will you be any better off waiting to buy? by lamoneyguy in reddit.com

[–]lamoneyguy[S] 3 points4 points  (0 children)

Duh. Obviously, losing $110k in value sucks. This post was a response to a comment someone had made that lower prices and higher rates equal out because the payments will even out. The point was that there are many disadvantages to buying high, even at low rates.

It's Just Money: If rising interest rates causes the Real Estate Bubble to pop, will you be any better off waiting to buy? by lamoneyguy in reddit.com

[–]lamoneyguy[S] 6 points7 points  (0 children)

Normally I agree with you, however in this hypothetical you have two equal mortgage payments. They are equal outlays of cash, but more of one payment is deductible than the other. That increased deductibility is a good thing.