Kithani
Blackwing Lair Raider
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The difference in outcomes prob not worth the time you’ve spent thinking on it
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Home buying thread
- Thread starter Pasteton
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Burns
Avatar of War Slayer
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A bit late to the party, but the first design looks good. Could try some modifications by taking queues from the third. They centered a larger door setup just fine on the third one. You also have a double door option and I love me some metal double doors.
Not a fan of flower boxes unless you seriously think the wife (or you) is going to keep them going. Plus, if you put furniture in front of the window, it makes it that much harder to keep them looking good/growing, due to access, or it limits what you are willing to place in front of the windows, inside. So nix them and take the design queues from the third render. Move the design inside the yellow boxes (other than the windows) up onto the first render and drop (or maybe even keep) the middle awning.
Just picked the first few metal doors on GiS, there are a ton that look awesome, but hard to say how they would matchup on that particular house:
Not a fan of flower boxes unless you seriously think the wife (or you) is going to keep them going. Plus, if you put furniture in front of the window, it makes it that much harder to keep them looking good/growing, due to access, or it limits what you are willing to place in front of the windows, inside. So nix them and take the design queues from the third render. Move the design inside the yellow boxes (other than the windows) up onto the first render and drop (or maybe even keep) the middle awning.
Just picked the first few metal doors on GiS, there are a ton that look awesome, but hard to say how they would matchup on that particular house:
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Kobayashi
Bronze Baronet of the Realm
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.3% of 100k is 300 dollars, nice car is 50ish k. I'm guessing remaining life of loan you're probably less than net 500 in gains from interest. The absolutely pure right thing to do is net the cash, but I'm in the same boat as you - there's a psychological joy in not having an ounce of debt owed. My mortgage is 2.5% and I'm still putting in extra every month and even occasionally pondering just erasing it completely. I guess the other aspect is if you are itemizing your deductions - I'm firmly in standard deduction land, so, that's not a factor for me. Lastly is just other opportunity cost of that money - do you have enough savings to cover emergency expenses, toys you might want, etc.
Haus
I am Big Balls!
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When I had around a nice car left, I meant in the principal, and if $50k is what it takes to get a nice car now, then it's less than a nice car left.... Around $36k
Kobayashi
Bronze Baronet of the Realm
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I knew what you meant, I was just using it to ballpark what you stood to gain. So you've probably got less than 2 years of payments left I'm guessing? Any big purchases you were thinking of saving up for once the house was paid off? I'd think with the way things are going, I'd rather make the purchase in today's dollars if it's my own money. You also wouldn't be able to secure a line of credit that cheap for quite a while. Still is nice to just be debt free, in your shoes, I'd probably do the "irrational" thing and pay it off, I'm probably going do do that when my mortgage gets down to that level.
Furry
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The smart play was always to dump into spy, but since you've had it in a bank account earning interest, you're obviously not aiming for the smart play. The arbitrage in difference between paying off early or not in this situation is so small I'd just pay it off if it makes you feel good.
The real gigachad move is to refinance the whole value of your house and invest it in spy, then start your loan all over again.
The real gigachad move is to refinance the whole value of your house and invest it in spy, then start your loan all over again.
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Haus
I am Big Balls!
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Only big purchase would be the potential of "buying land away from town to build the forever house on" and that's a far larger scale than what's left. It's also probably something I'd cash out my outsized bucket of stock in my current company to do. But I am also in my mid 50's so looking at tightening and controlling my monthly burn rate (something I do every January it seems) leading into eventual retirement.
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Haus
I am Big Balls!
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The fact of it being in a bank account is part of my "speed to money" habit which came from my post depression era grandfather. It starts with that adage about "Always have 6 months of your expenses readily available in case of emergency", which for me I've always seen as something like "Unexpectedly got RIF'd from your company". That's what I think of as "Quickly accessible assets", and I would just tuck money away almost subconsciously into that as a security blanket.
- First Tier - Cash on hand, or in a checking/savings account.
- Second tier of "distance" would be something in a brokerage account (I would have to sell it, let the sell settle, then xfer the cash out to use it).
- Third tier is 401k style accounts where I would pay a penalty to withdraws.
- Last tier is real estate (i.e. my house)
The thing keeping me from being more "Chad" to "GigaChad" is mostly the conservative post depression era grandfather who put most of my thinking about money into my head... But it does definitely make logical sense to have the equity in the house working in the market.
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Furry
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Pretty much nobody can play the perfectly optimal path when it comes to finances, everything has its give and take. Doing sub-optimal things can often feel great. The more important thing is not to be retarded with your money. Paying your house off is objectively not retarded in your current situation, so I'd say go for it.
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