Who will be better at getting America out of debt, Trump or Hillary?

[UncleBuck]

You're a great guy, but I'm firmly of the opinion that Sam Clements had it right about the game; he considered it the best way he knew how to ruin a perfectly good walk in the park!

that's what it was for me today. i butchered that course. pathetic.

 

[ttystikk]

I dumped what I didn't keep back in the machine, are you really this dense?

Where exactly does the extra coinage come from?

Apparently I am, so please keep explaining until stupid me gets it.

 

[twostrokenut]

Any attempt to insult or impugn @UncleBuck 's knowledge of the financial system from the perspective of the wealthy is laughable.

You should really try to stick to the facts, and I'm doing my best to follow you but you still aren't making any cents, let alone dollars with all this.

How does any of this benefit you or anyone else?

LOL

you will never achieve the wealth that my wife and i are currently worth. i doubt you will get out of the trailer with that coin game.

Ah so your contention is that your perspective is from the wealthy? If you redefine wealth as debt then yes, good for you. No one who is wealthy has a $250k $1500/mo mortgage.

 

[UncleBuck]

Ah so your contention is that your perspective is from the wealthy? If you redefine wealth as debt then yes, good for you. No one who is wealthy has a $250k $1500/mo mortgage.

our house is already worth $340k. not too many payments from getting rid of that pesky mortgage insurance and dropping it to $1100 or so.

how many bank tellers would you have to piss off to make $90k over the course of a couple years? all we had to do was sit on our asses.

 

[ttystikk]

that's what it was for me today. i butchered that course. pathetic.

My grandfather did everything but shove a six iron up my ass to teach me the game- while looking at my desperately thick eyeglasses the whole time. I couldn't gauge depth, which does tend to make the game more difficult.

My eyesight was so bad they would not accept me when I volunteered for the Army, no joke. It was some 12 years later that I got LASIK.

That was certainly no cure all, because while I got to see further, my overall visual acuity suffered.

Long story short? I'd be a good guy to take hunting with Dick Cheney, lol

 

[twostrokenut]

you've obviously never played golf with me.

Nope, didn't want to drive to Portland. You could have stopped by The Links anytime tho. Golf is like fishing. Never know.

 

[ttystikk]

Ah so your contention is that your perspective is from the wealthy? If you redefine wealth as debt then yes, good for you. No one who is wealthy has a $250k $1500/mo mortgage.

This is flat wrong; few wealthy individuals would willingly walk away from all the tax advantages of the home mortgage deduction, no matter what their net worth.

Fuck, the richer they are, the MORE they borrow- or do you really not understand why McMansions are the fastest growing segment of home ownership?

You're making less cents than ever, silver man.

 

[twostrokenut]

our house is already worth $340k. not too many payments from getting rid of that pesky mortgage insurance and dropping it to $1100 or so.

how many bank tellers would you have to piss off to make $90k over the course of a couple years? all we had to do was sit on our asses.

PMI drops off when you get down to around 90% of the loan.

Do you have a 30 year loan?

 

[twostrokenut]

This is flat wrong; few wealthy individuals would willingly walk away from all the tax advantages of the home mortgage deduction, no matter what their net worth.

Fuck, the richer they are, the MORE they borrow- or do you really not understand why McMansions are the fastest growing segment of home ownership?

You're making less cents than ever, silver man.

Well god damn. You are telling me that itemizing a tax return produces a net gain over not paying interest on a home loan for 30 years. fucking hopeless.

 

[ttystikk]

LOL

you will never achieve the wealth that my wife and i are currently worth. i doubt you will get out of the trailer with that con game.

FIFY

 

[ttystikk]

Well god damn. You are telling me that itemizing a tax return produces a net gain over not paying interest on a home loan for 30 years. fucking hopeless.

Millions of people realize gains in real estate by taking advantage of the fact that the interest on their mortgage is tax deductible. This effectively means they are borrowing the money for free, while watching the value of the property appreciate.

It does work differently for trailers; those all DEPRECIATE like cars, boats and capital goods. Perhaps you're just a wee bit confused on this point?

 

[ttystikk]

Well god damn. You are telling me that itemizing a tax return produces a net gain over not paying interest on a home loan for 30 years. fucking hopeless.

I said nothing of the sort. Try again.

 

[twostrokenut]

FIFY

Millions of people realize gains in real estate by taking advantage of the fact that the interest on their mortgage is tax deductible. This effectively means they are borrowing the money for free, while watching the value of the property appreciate.

It does work differently for trailers; those all DEPRECIATE like cars, boats and capital goods. Perhaps you're just a wee bit confused on this point?

Interest decreases over time as a % of mortgage

If itemized deduction (mortgage interest) is higher than standard deduction the you can remove the DIFFERENCE from taxable income

at the 40% tax bracket (wealthy eh?) you're paying $10000 in interest to save $4000 in taxes

I though you might be challenging but you're no daisy at all.

 

[twostrokenut]

I said nothing of the sort. Try again.

Millions of people realize gains in real estate by taking advantage of the fact that the interest on their mortgage is tax deductible. This effectively means they are borrowing the money for free, while watching the value of the property appreciate.

It does work differently for trailers; those all DEPRECIATE like cars, boats and capital goods. Perhaps you're just a wee bit confused on this point?

No you jumped on Bunk's nuts when I suggested he and you claim he to be wealthy while he sits on a fat mortgage. You literally offered up the interest as 100% tax deductible which you say is "free money" and advocate riding a mortgage bubble. Protip, your home sold for 160k six years ago and is now worth $330k for nothing other than time passed and you claim that as wealth then you are mentally retarded.

Oh, and the lame trailer insult was cute too. I paid cash for my house, didn't need a loan, yet somehow I seem to know more about it. You're starting to really suck at this.

 

[twostrokenut]

Where exactly does the extra coinage come from?

Apparently I am, so please keep explaining until stupid me gets it.

Where do you get extra? I walk out with $1k of coins and put back roughly $700.

 

[ttystikk]

No you jumped on Bunk's nuts when I suggested he and you claim he to be wealthy while he sits on a fat mortgage. You literally offered up the interest as 100% tax deductible which you say is "free money" and advocate riding a mortgage bubble. Protip, your home sold for 160k six years ago and is now worth $330k for nothing other than time passed and you claim that as wealth then you are mentally retarded.

Oh, and the lame trailer insult was cute too. I paid cash for my house, didn't need a loan, yet somehow I seem to know more about it. You're starting to really suck at this.

I made no such claims. That's you, trying desperately to stuff things into my mouth I never said.

I stand by my comments about the depreciation of trailers, etc. That you felt insulted is your problem, not mine.

Many wealthy people do indeed get richer while borrowing the money to do it. In fact, it's one of the most expeditious ways to do so!

Your contention that owning your home free and clear is advantageous merely betrays your ignorance of applicable tax law.

You said it yourself; the house appreciates no matter what the mortgage balance, so why not maximize it to the largest possible extent consistent with your income taxes?

Your math isn't adding up any better here than with the copper scam.

 

[ttystikk]

Interest decreases over time as a % of mortgage

If itemized deduction (mortgage interest) is higher than standard deduction the you can remove the DIFFERENCE from taxable income

at the 40% tax bracket (wealthy eh?) you're paying $10000 in interest to save $4000 in taxes

I though you might be challenging but you're no daisy at all.

So refinance.

 

[UncleBuck]

Nope, didn't want to drive to Portland. You could have stopped by The Links anytime tho. Golf is like fishing. Never know.

i would never play golf with you.

 

[twostrokenut]

But pennies are full of zinc and you haven't described redeeming any coins for more than their face value. If you had, it would be called 'fraud'.

You've made far too many assumptions about everyone's lack of intelligence for such labels not to stick to your assertions as well.

I'm trying to figure out how you get this increased value into your hands as dependable cash without breaking applicable finance laws.

If you do manage to convince me, I'll start doing it, too!

How did I miss this gem?

Pennies aren't all zinc. 1981 and earlier are all copper. 1982 are zinc and copper. A cheep coin discriminator is best. Redeeming a coin is not possible. Only fed notes can be redeemed(12usc411). There is nothing fraudulent about acquiring a silver dollar at face and selling it at spot if that's your stick. I dont sell I hedge.

 

[UncleBuck]

Protip, your home sold for 160k six years ago and is now worth $330k for nothing other than time passed and you claim that as wealth then you are mentally retarded.

it's not just that time has passed. if you think that's what drives up property values, then you are mentally retarded.