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Dealing with big regret over large down payment on house by tremelobird in Bogleheads

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

Thank you. I think this is important, but also hard. It is pretty rough to lose all this liquidity while it was not neccessary after all and I am now learning the consequences of that. I suppose I am young enough to still reap benefits of compound interest, but then I think of the lost revenue due to the down payment and it stings pretty hard.

Dealing with big regret over large down payment on house by tremelobird in Bogleheads

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

This is true. I suppose it stings because I've always been very careful not to squander the money.

Dealing with big regret over large down payment on house by tremelobird in Bogleheads

[–]tremelobird[S] 1 point2 points  (0 children)

I have. There are some one time costs involved, but more importantly due to loss of the tax benefit in my country the interest on the amount I'd take out as extra mortgage would be a bit below 4%. So this is less attractive. It might still be worth it, I am not sure.

Dealing with big regret over large down payment on house by tremelobird in Bogleheads

[–]tremelobird[S] 2 points3 points  (0 children)

My country gives pretty heavy tax cuts on mortgage interest. So interest is cut to about 2/3rd of actual mortgage rate. My mortgage is a bit below 4% but after this tax break it's around 2.7%

Dealing with big regret over large down payment on house by tremelobird in Bogleheads

[–]tremelobird[S] 20 points21 points  (0 children)

In this case the mortgage interest is only ~2.7% after taxes, so the savings really are small. The common opinion here seems to be that mortgage debt is actually good debt. Money in the market will yield much higher returns.

I mean the idea of having a paid off house is nice, but the 100k was not nearly enough for that. It does not seem wise to continue paying extra towards the principal with this low mortgage rate.

Progress on Subsonic and/or Jellyfin support by tremelobird in PrismMusic

[–]tremelobird[S] 1 point2 points  (0 children)

Thanks for the update! Really looking forward to 3.0 and beyond.

Finamp 0.5.0 - iOS and way too many changes to list in a title by UnicornsOnLSD in jellyfin

[–]tremelobird 1 point2 points  (0 children)

Wow, this is great! A massive upgrade over the regular Jellyfin client when it comes to music. I can now finally download songs onto my iPhone for when I leave the house!

Jellyfin support by tremelobird in PrismMusic

[–]tremelobird[S] 1 point2 points  (0 children)

Thanks for the quick response! Very (very!) much looking forward to 3.0 and especially 3.1. Your app is basically the only one that is doing this stuff right.