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SVTPerformance's Chain of Restaurants
Road Side Pub
What to do with the homeless?
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<blockquote data-quote="Pribilof" data-source="post: 16081098" data-attributes="member: 155968"><p>FICA? You mean for Social Security and Medicare.... which BENEFIT everyone later in life?</p><p></p><p>Property taxes? You mean to fund things like local schools? Sales Taxes? You mean to fund things like the police, etc.? Do you realize that both of these things pay for infrastructure and services that increase the value of this oppressive home you just purchased?</p><p></p><p>And the NPV of that interest is 25% of the principal value of the house... and the people actually getting the benefit of LIVING in the house only put up a 20% deposit, in your example. Also, assuming 4% rate of appreciation over 30 years in that home = $1MM home today is $2.2MM home in 30 years. The bank made $800k and you made $1.2MM. 50% more than the bank made! Math is fun!</p><p></p><p>"They know all the tricks?" Like maybe read a book or check out the internet youself. There are no "tricks." There's laws and contracts. They're all written down for ayone to read.</p><p></p><p>And people who don't have a computer can go to a public library (you know, the ones paid for by income taxes, property taxes, and sales taxes) and use a computer that can access the internet, for free! Even if you're a homeless bum who pays zero income tax or property tax and likely only pays sales tax on cigarettes and booze you can still use the computer at the library for free. The library usually enen has free classes on how to use a computer if one doesn't even have that level of knowledge.</p></blockquote><p></p>
[QUOTE="Pribilof, post: 16081098, member: 155968"] FICA? You mean for Social Security and Medicare.... which BENEFIT everyone later in life? Property taxes? You mean to fund things like local schools? Sales Taxes? You mean to fund things like the police, etc.? Do you realize that both of these things pay for infrastructure and services that increase the value of this oppressive home you just purchased? And the NPV of that interest is 25% of the principal value of the house... and the people actually getting the benefit of LIVING in the house only put up a 20% deposit, in your example. Also, assuming 4% rate of appreciation over 30 years in that home = $1MM home today is $2.2MM home in 30 years. The bank made $800k and you made $1.2MM. 50% more than the bank made! Math is fun! "They know all the tricks?" Like maybe read a book or check out the internet youself. There are no "tricks." There's laws and contracts. They're all written down for ayone to read. And people who don't have a computer can go to a public library (you know, the ones paid for by income taxes, property taxes, and sales taxes) and use a computer that can access the internet, for free! Even if you're a homeless bum who pays zero income tax or property tax and likely only pays sales tax on cigarettes and booze you can still use the computer at the library for free. The library usually enen has free classes on how to use a computer if one doesn't even have that level of knowledge. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
What to do with the homeless?
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