Pintail
| Favorite team: | LSU  |
| Location: | |
| Biography: | |
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| Number of Posts: | 11847 |
| Registered on: | 11/15/2011 |
| Online Status: | Not Online |
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re: What foods will you not eat as an adult
Posted by Pintail on 11/13/25 at 5:54 am to travelgamer
Broccoli
Not a picky eater but I got food poisoning about 10 years ago. Had broccoli with chicken earlier in the day. I will never be able to get the image, taste, and smell of broccoli at 1 in the morning projectile vomiting out of my mind. The only foods I actually pick out of my plate to this day.
Not a picky eater but I got food poisoning about 10 years ago. Had broccoli with chicken earlier in the day. I will never be able to get the image, taste, and smell of broccoli at 1 in the morning projectile vomiting out of my mind. The only foods I actually pick out of my plate to this day.
1
Perkins was one lane from Essen on
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Yeah its obvious you cant do math 3% per year on 250k is how much? 7500 Times that by 5 and get back to us. Your phone has a calculator to help you
Oh so banking on appreciation. Good luck finding a market where lower value homes are increasing that much.
And when it goes the other way now what?
The 50 year mortgage isn’t targeting those who buy homes in highly sought after areas.
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If the home goes up 3% they would have 37k in "equtity" and if you add the principle paid which isnt really equity its 42k
You really questioning my math with that math?
$37k on $250k is almost 15%
Quick google search can find you an amortization calculator. 50 years won’t be a winning proposition for people that need a 50 year mortgage.
Just some quick numbers.
$250k 50 year mortgage at 6%
$1316/month principal and interest
$200/month property tax
$200/month homeowners insurance
$150/month pmi
You are staring down a $1900/month payment for 50 years for a $250000 house. All that for $2,600 in equity over three years $4,500 over 5 years. Neither of which cover the closing cost that were rolled into your loan.
Truth being most first time home buyers move within their first 5 years of their first home (maybe not so much now). So now you are selling with likely zero equity and likely more money spent on maintenance.
If you end up staying in the house and paying over the life of the loan you end up paying $789,000 for a $250,000 house. Because we know someone that is getting a 50 year mortgage is not going to make additional payments.
$250k 50 year mortgage at 6%
$1316/month principal and interest
$200/month property tax
$200/month homeowners insurance
$150/month pmi
You are staring down a $1900/month payment for 50 years for a $250000 house. All that for $2,600 in equity over three years $4,500 over 5 years. Neither of which cover the closing cost that were rolled into your loan.
Truth being most first time home buyers move within their first 5 years of their first home (maybe not so much now). So now you are selling with likely zero equity and likely more money spent on maintenance.
If you end up staying in the house and paying over the life of the loan you end up paying $789,000 for a $250,000 house. Because we know someone that is getting a 50 year mortgage is not going to make additional payments.
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And you'll have the costs of getting in and out of the house including the fees to the agent when you sell. And let's be honest, no one that has 20% to put down is getting into a 50 year mortgage. These would all be FHA loans. After ten years, factoring in closing costs and fees to the agent at the time of sale, you essentially did no better than renting unless you just get lucky and the market in your area catches fire when you sell.
Nobody even talking about the cost of PMI probably double what a 30 year mortgage is.
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You can make extra principal payments to pay down the loan way sooner and gain equity faster.
You can but the person who needs a 50 year mortgage because they can’t afford to save while renting cannot.
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You can make extra principal payments to pay down the loan way sooner and gain equity faster. Also, if your home appreciates in value you can sell it in 5 years and make a big gain.
I agree and you probably would make the extra payments but 99% of the population would not. And appreciation is also a gamble. What if your house depreciates in value? Just roll that into the next 50 year mortgage you get?
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Why not get a 50-year mortgage and then refinance it as soon as you can afford the 30-year loan? Or just make additional principal payments to pay down the 50-year loan way sooner.
Because consumerism does not allow 99% of people to think like that.
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Landlords can raise your rent as much as 10% or more each year. That’s a bad situation as long as you’re in it.
Government can raise the property tax any year too.
Your roof can need replacement at year 3
Your ac can go out the first summer you live there.
I understand renting feels like throwing away money but just look at the numbers.
On a 50 year $250,000 mortgage at 6%. You have a whopping $2,600 in equity after 3 years. $4600 after 5.
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Still better than renting perpetually
Not if you look at the amortization schedule of a 50 year loan at 6% interest.
Just make sure you roll your closing cost into the loan. That way you can be upside down for the first 10 years of your first house. :thup:
Getting a loan at 25 that wont mature until you are 75 is not a recipe for financial success.
Getting a loan at 25 that wont mature until you are 75 is not a recipe for financial success.
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Yeah but you have to rub shoulders with the freaks that compose the regular shoppers at Trader Joe’s. At least the one in Metairie. It’s too bad, I like the store in general but want to strangle about 90% of the people that shop there. If NPR were a store that would be it.
I don't mind the crowd, I usually just go in to pick up a couple things so I'm in and out. They also have a good selection of flowers that gets the Mrs excited.
However, call me introverted or whatever but I despise having to have small talk with the cashier explaining what every single ingredient I purchase is going to be used for.
Men’s Basketball game National Anthem
Posted by Pintail on 11/7/25 at 4:06 pm
Wednesday night we got to the arena about 20 minutes before tip. Went in teams were announced and the game started. It wasn’t until after I didn’t remember the national anthem being played.
Did I miss it or was it just not played?
Did I miss it or was it just not played?
re: MBB: LSU 96 vs. Tarleton State 60 - Tigers Win! Tigers Win!
Posted by Pintail on 11/5/25 at 7:11 pm to saint tiger225
Pablo Tamba is the greatest name in basketball
re: MBB Starts Tonight - Roll Call - LSU vs. Tarleton St. (7pm CT on SECN+)
Posted by Pintail on 11/5/25 at 3:51 pm to benoit_BayouBengals
I ordered tickets earlier today and they still have not sent the digital tickets.
Been on the phone waiting for someone at the ticket office to pick up for 10 minutes now
Been on the phone waiting for someone at the ticket office to pick up for 10 minutes now
re: "Official" Statistics from Sunday's 3 baseball games vs. Samford
Posted by Pintail on 11/3/25 at 9:34 pm to duckblind56
Did Schmidt pitch?
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Even other guys who eventually struggled and were fired had some degree of success (Smoke, Trent Johnson, Jones, Orgeron).
One of these is not like the other..
re: Dodgers 5 @ Blue Jays 4 Final - 11 Innings
Posted by Pintail on 11/1/25 at 11:18 pm to moock blackjack
Unbelievable
re: Dodgers 5 @ Blue Jays 4 Final - 11 Innings
Posted by Pintail on 11/1/25 at 11:17 pm to SirWinston
Try to take second here?
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