• 0 Posts
  • 116 Comments
Joined 3 years ago
cake
Cake day: June 8th, 2023

help-circle

  • bizarroland@lemmy.worldtome_irl@lemmy.world•me_irl
    link
    fedilink
    English
    arrow-up
    2
    ·
    2 months ago

    The real honest to God true answer is that because a black man was elected as president.

    Their brains cannot accept that, like there’s something in them that’s so deeply fundamentally anti black man president that the only way they can justify it to themselves is if there was an evil conspiracy to make that happen, and if they could just see Michelle Obama’s big fat dick and heavy swinging balls, it would make their entire universe right again.







  • bizarroland@lemmy.worldtome_irl@lemmy.world•Me_irl
    link
    fedilink
    English
    arrow-up
    11
    arrow-down
    1
    ·
    2 months ago

    The thing is, they’re looking for the stupid people.

    If you’re smart, you might get scammed out of a couple hundred bucks. Maybe in the low thousands if they’re very lucky.

    When you’re stupid, you can end up selling your house to give money to the scammers because you’ve bought into the scam.

    And I don’t mean stupid as in low intellectual capacity, I mean stupid as in, you have not been educated on what scams look like, what they feel like, or how they act.









  • bizarroland@lemmy.worldtome_irl@lemmy.world•me_irl
    link
    fedilink
    English
    arrow-up
    2
    ·
    4 months ago

    I agree, I was just letting them know that a mortgage not going to stay at the same price throughout the entire length of the loan regardless of how it’s set up.

    It could also decrease, like if there’s a massive housing value crash and your house is now worth 20% of what you paid for it, then upside is your property taxes should also only be 20% of what they were.

    And the only reason why I even thought to share was because I myself was shocked when my mortgage increased after the first year, even though it was only like 60 bucks, I was like, man, I thought a mortgage was not supposed to change.



  • bizarroland@lemmy.worldtome_irl@lemmy.world•me_irl
    link
    fedilink
    English
    arrow-up
    2
    ·
    4 months ago

    I’m speaking from an American perspective, but usually, when you have a loan, the loan requires that your property tax be paid and that you keep house home insurance on the property. And so to prevent difficulties, what they’ll do is the mortgage company will bundle your choice of home insurance and the payments for your property tax into an escrow account.

    If your property taxes rise, then the mortgage company will tell you, hey, you either have to pay a lump sum to keep it at the same amount, or you have to start paying more every month.

    And since property taxes are a fairly set value, it honestly doesn’t matter whether you pay them over each month or all as a lump sum, you’re going to be paying the exact same amount because that’s the amount of money that has been charged to you for owning the property.


  • bizarroland@lemmy.worldtome_irl@lemmy.world•me_irl
    link
    fedilink
    English
    arrow-up
    4
    ·
    4 months ago

    I got curious to see what it would be like if I refinanced my house.

    My current mortgage that I’m paying $2850 on would be over $4,000 with today’s interest rates.

    I literally could not afford to live where I’m living if I hadn’t moved when I did.


  • bizarroland@lemmy.worldtome_irl@lemmy.world•me_irl
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    3
    ·
    4 months ago

    It’s not about how much you make. It’s about your deductions.

    All of your property tax is deductible. All of the interest on your mortgage is deductible. If your income is low enough, all with the interest paid on your student loans is deductible. Health care costs are deductible.

    If those plus your other deductions cross whatever the threshold is, then you itemize and if it doesn’t, you take the lump.

    That’s why I like FreeTaxUSA.com because it actually does all of your deductions and then tells you which one is the better choice for you.