ITRCA

Doespike wrote:^^ j00 mail the window sticker? Haven't gotten it and just wondering if I should beat on the Mail Lady..

Nope, it's my ass you need to kick. I completely forgot about it until yesterday. Mail has already left today, so let me see if I can get it out the door tomorrow.

splat wrote:

Doespike wrote:^^ j00 mail the window sticker? Haven't gotten it and just wondering if I should beat on the Mail Lady..

Nope, it's my ass you need to kick. I completely forgot about it until yesterday. Mail has already left today, so let me see if I can get it out the door tomorrow.

No problemo and no hurry...just glad it's not lost in the mail

<--just got his Mid Ohio track graphic in a USPS "oops We're sorry envelope" because original was torn up....surprised the stickers didn't get lost.

Thats why I pre-ordered mine

nerds, I still need to order my merit badge collection. Anybody want some NCCAR ones while I'm at it?

I think it'd be bad luck to buy a sticker before you've completed the event....bad jinx

Haha it is, I haven't bought any yet at all. Not a bad idea to keep waiting

Steve, you are absolutely right about a 15yr vs. 30yr terms. The difference in insurance is insane. For my example:

30yr term @ 4.5% = $684/mo, $111,2xx total interest paid)
*Adding an extra mortgage payment a year drops interest down to $93,2xx and takes off over four years of mortgage payments.

15yr term @ 4.5% = $1032/mo, $50,8xx total interest paid)

I would never do a 30yr. Possibly a 20yr if I REALLY liked the place (plenty of space, with lift already installed in "outbuilding" )
When the time comes, I want to stick to something I can do in 15yr.

I wish I could afford a 15 year loan.

One thing though guys...

You can always do a 30 year, and pay more. When bad times come, it's nice to know you have wiggle room in your budget. Just sayin.

Dave_B wrote:One thing though guys...

You can always do a 30 year, and pay more. When bad times come, it's nice to know you have wiggle room in your budget. Just sayin.

If you get in THAT bad of a bind you'll have plenty of equity tied up as you won't have those horribly front loaded payments.

It kills me to look at the cross over point when your principle payments are finally larger than your interest payment. So many 30 year's are way more than half way into the life of the loan where a lot of 15 year ones are nearly towards the beginning (especially at today's rates)

That is true. But I'm talking just about a month or 2 maybe 3 tops not forced to sell your house.

Dave_B wrote:One thing though guys...

You can always do a 30 year, and pay more. When bad times come, it's nice to know you have wiggle room in your budget. Just sayin.

Exactly...If you string it out for 30 years, yeah it's going to hurt when you add up the interest. However, how many people actually live in one house for that long.

coolhandluke wrote: $684/mo

sigh
shakes head
hangs head

that'll get me a nice 8x15ft parking spot up here

CivicBeater wrote:

Dave_B wrote:One thing though guys...

You can always do a 30 year, and pay more. When bad times come, it's nice to know you have wiggle room in your budget. Just sayin.

Exactly...If you string it out for 30 years, yeah it's going to hurt when you add up the interest. However, how many people actually live in one house for that long.

Then you'll live a perpetual cycle of paying front loaded interest payments the rest of your life. New mortgage after new mortgage.

pass.

itrsteez wrote:

CivicBeater wrote:

Dave_B wrote:One thing though guys...

You can always do a 30 year, and pay more. When bad times come, it's nice to know you have wiggle room in your budget. Just sayin.

Exactly...If you string it out for 30 years, yeah it's going to hurt when you add up the interest. However, how many people actually live in one house for that long.

Then you'll live a perpetual cycle of paying front loaded interest payments the rest of your life. New mortgage after new mortgage.

pass.

Not necessarily. Stay in a house for 5 years. Pay 50-75% more on your payments when possible, you'll make some ground. Especially if your house you buy now at the bottom of the market increases in value netting some equity 5 years from now. I know this paying interest far too well. Owning a condo for 6 years and only bringing our principle down a couple grand really sucks. Even if you can technically afford a 15 year loan, just as Dave said, it's better to take a 30 out, pay as if it's a 15 and when times get tight you have a little wiggle room.

When it comes to buying a house, I personally would rather afford a nice house with a 30 year loan vs. cramming into a single wide trailer that I can pay off quick.

Mildly neat...this R was 2 away from mine on the assembly line
http://cgi.ebay.com/ebaymotors/Type-R-/ ... 45f4e822aa

First owner was in Allentown, PA...interesting

BlueR wrote:

coolhandluke wrote: $684/mo

sigh
shakes head
hangs head

that'll get me a nice 8x15ft parking spot up here

There's plenty of houses for sale down here...move on down. Come visit, you'll be sold.

Steve, any word from that Mid Ohio photographer? He's put up his regular event pics...one shot of Erik

Doespike wrote:Steve, any word from that Mid Ohio photographer? He's put up his regular event pics...one shot of Erik

160 photo's on the way


Brad, what would one expect to pay in property taxes on lets say a 240k house in that area? rough ballpark.

Bradstard wrote:

BlueR wrote:

coolhandluke wrote: $684/mo

sigh
shakes head
hangs head

that'll get me a nice 8x15ft parking spot up here

There's plenty of houses for sale down here...move on down. Come visit, you'll be sold.

i can't stand the heat and humidity
if i move, it will be in the opposite direction

i love winters too much

A 240k house here would be about $1100-1200 per year in Greenville County.

BlueR wrote:

Bradstard wrote:

BlueR wrote:

coolhandluke wrote: $684/mo

sigh
shakes head
hangs head

that'll get me a nice 8x15ft parking spot up here

There's plenty of houses for sale down here...move on down. Come visit, you'll be sold.

i can't stand the heat and humidity
if i move, it will be in the opposite direction

i love winters too much

Come back to Buffalo jk

people said i was crazy but i loved living in buffalo

haha, it's not all that bad really. Summers are still great. Winters just drag a bit longer than I'd like....though with doing taxes past 4 years + remote start, I don't notice it much Plus houses are as cheap or cheaper than Carolinas. Toxic politics though....but yoo know that being on the other end of NY.