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Bump this thread every time Trump makes America greaterest again Bump this thread every time Trump makes America greaterest again

01-26-2017 , 05:54 PM
Quote:
Originally Posted by Hammerin Hank
It's not just about the wall. It's about controlling illegal immigration, something that most every country in the world does, and has bipartisan support in the polls. I sleep fine thank-you, even here in sunny California.
you mean like Europe and it's open borders?


You are talking about Korea and China


Also, immigration is been level for years, but don't believe the news, because its fake news and its slanted against Trump
01-26-2017 , 08:46 PM
Quote:
Originally Posted by Namath12
Let's say you have a married couple each earning $30k per year. They are renters, and their rent on a 2BR/2BA in a middle class apartment complex is $1,000 per month. This is easily affordable to them; they have never been late on their rent even once. Their lease is up for renewal and the landlord, citing the current rental market in their area, will increase their rent to $1,150 per month if they renew. They decide that, though they could afford the increase in rent, they would rather own a home.

They find a home that suits them for $160,000. They manage to negotiate the price down to $150,000 as the seller is moving out of state and is motivated to move the property quickly. They don't have a lot in savings (like most people in their income bracket) but they are able to scrape together $7,500 to use as a down payment. They will finance the remaining $142,500. Since they are financing 95% of the purchase price, their FICO scores are around 730 and they've secured a 30-year mortgage at an interest rate of 4.25%, and their property taxes come to roughly 1.25%, they will have to pay PMI at a rate of 0.62%. Their homeowner's insurance premiums will run them roughly $1,000 per year and will be added to their monthly mortgage payment.

After all of these are factored in, their payment comes to $1,015 per month. This is slightly more than they are currently paying in rent, but substantially less than they would be paying monthly to renew their lease and stay in the same apartment (which would be $1,150 as noted above).

If they were forced to put 20% down, they would need to come up with $30,000 cash, otherwise they could not buy the home. Period©. Again, like most people in their situation, they simply do not have that kind of liquidity lying around.

Now, we can debate the merits of letting this couple get by with a 5% down payment v. requiring 20% or NO HOUSE FOR YOU, and that's a fine and worthy debate. But given the numbers above (which you can verify for yourself with any free online mortgage calculation tool) the blanket assertion that "if they can't afford 20% down they can't afford the house" is just plain ludicrous.
Actually, in your example they come out ahead in home ownership because of the mortgage interest and real estate tax deductions, which will more than compensate for the extra $15 a month they are paying.

Edit: Your point is correct though.

Edit Edit: Until Trump ends those deductions, because **** the middle class!

Last edited by fxwacgesvrhdtf; 01-26-2017 at 08:57 PM.
01-26-2017 , 08:49 PM
Quote:
Originally Posted by Hammerin Hank
It's not just about the wall. It's about controlling illegal immigration, something that most every country in the world does, and has bipartisan support in the polls. I sleep fine thank-you, even here in sunny California.
I mean, the Chinese built a wall 2,000 years ago and that couldn't keep people out back then with all the cutting technology of 5th century BC at their disposal, but yeah, a 20 billion dollar wall is totally going to be effective at controlling illegal immigration (the majority of which is from Visa overstays).
01-26-2017 , 09:02 PM
Get out of here with your "facts" and **** when we're discussing a brilliant wall plan.
01-26-2017 , 09:05 PM
The "finally we can control our borders" thing is funny. Everyone wants to control the border, the sticking point is if we want mass deportations. That's what broke the immigration reform consensus.
01-26-2017 , 09:12 PM
Quote:
Originally Posted by jman220
Actually, in your example they come out ahead in home ownership because of the mortgage interest and real estate tax deductions, which will more than compensate for the extra $15 a month they are paying.

Edit: Your point is correct though.

Edit Edit: Until Trump ends those deductions, because **** the middle class!
This is wrong. The hypothetical couple will still take the standard deduction. The mortgage interest deduction is an upper middle class boondoggle. Most middle class homeowners don't itemize.
01-27-2017 , 09:05 AM
I can highly recommend having giant oceans around your country as an effective means of border control. Have you considered simply submerging Mexico?
01-27-2017 , 12:18 PM
BUILD THAT MOAT
01-27-2017 , 05:43 PM
I bump this because Trump made Mexico number 1 this week
01-27-2017 , 05:57 PM


https://twitter.com/tackettdc/status/825095875991109632
01-27-2017 , 05:58 PM
We're still fighting a war, what are we rebuilding from?
01-27-2017 , 06:06 PM
It's pretty clear at this point trump doesn't understand what executive orders/actions do.
01-28-2017 , 02:11 PM
Quote:
Originally Posted by Riverman
This is wrong. The hypothetical couple will still take the standard deduction. The mortgage interest deduction is an upper middle class boondoggle. Most middle class homeowners don't itemize.
The house in this hypo was 160k and the mortgage had an interest rate of 4 percent. They'll be paying more a year in interest and real estate taxes on a mortgsge.that size than the standard deduction.
01-30-2017 , 11:22 PM
Quote:
Originally Posted by otatop
Get out of here with your "facts" and **** when we're discussing a brilliant wall plan.
Brillant wall plan.
01-30-2017 , 11:29 PM
Quote:
Originally Posted by jman220
The house in this hypo was 160k and the mortgage had an interest rate of 4 percent. They'll be paying more a year in interest and real estate taxes on a mortgsge.that size than the standard deduction.
Left out state income taxes too which become deductible, obv. Add all three of those together and you are over the standard deduction.
04-28-2017 , 07:56 AM
Bump. Anyone got anything? Gorsuch?

After 100 days Clinton signed the Family and Medical Leave Act

After 100 days Bush W had the House pass a tax proposal, to slash income tax rates

After 100 days Obama had a stimulus bill passed, expanded health care for children, and lifted a federal ban on embryonic stem-cell research

source lol USA today
04-28-2017 , 08:53 AM
Trump hassled some minorities and started a trade war with a brilliant Canadian who went after Trump's core of support.
04-29-2017 , 12:04 AM
Before the end of Roosevelt's first 100 days, he had taken the nation off the gold standard, rescued the banking system and won passage of 15 major pieces of legislation, from Federal welfare programs to revisions in securities laws and enactment of the Civilian Conservation Corps, the Agricultural Adjustment Act and the Tennessee Valley Authority.
04-30-2017 , 02:53 AM
Quote:
Originally Posted by King_of_NYC
After 100 days Obama had a stimulus bill passed
LOL

"The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead. "


Obama’s CEA Projected In The Third Quarter Of 2010 That The Stimulus Was Responsible For 2.68 Million Jobs. (Council Of Economic Advisors, “The Economic Impact Of The American Recovery And Reinvestment Act Of 2009 – Seventh Quarterly Report; Table 3,” WhiteHouse.gov, 7/1/11)

For The First Quarter Of 2011, Obama’s CEA Actually Reduced Their Estimate Of The Stimulus’ Effect By 288,000 Jobs To 2.39 Million. (Council Of Economic Advisors, “The Economic Impact Of The American Recovery And Reinvestment Act Of 2009 – Seventh Quarterly Report; Table 3,” WhiteHouse.gov, 7/1/11)

Their Estimate For The Stimulus’ Contribution To GDP Has Also Been Reduced During The Same Period From 2.7 Percent To 2.3 Percent. (Council Of Economic Advisors, “The Economic Impact Of The American Recovery And Reinvestment Act Of 2009 – Seventh Quarterly Report; Table 3,” WhiteHouse.gov, 7/1/11)

The CBO And Moody’s Mark Zandi Also Downgraded Their Assessment Of* The Stimulus’ Performance

The CBO Downgraded Their Assessment From Between 1.4 Million To 3.6 Million Jobs In The Third Quarter Of 2010 To Between 1.2 Million And 3.3 Million Jobs In The First Quarter Of 2011. (Council Of Economic Advisors, “The Economic Impact Of The American Recovery And Reinvestment Act Of 2009 – Seventh Quarterly Report; Table 8,” WhiteHouse.gov, 7/1/11)

Moody’s Mark Zandi Downgraded His Assessment From 2.52 Million In The Third Quarter Of 2010 To 2.47 Million In The First Quarter Of 2011. (Council Of Economic Advisors, “The Economic Impact Of The American Recovery And Reinvestment Act Of 2009 – Seventh Quarterly Report; Table 8,” WhiteHouse.gov, 7/1/11)

Frank Rich In New York Magazine: “The White House’s Repeated Argument That The Stimulus Saved As Many As 3 Million Jobs, Accurate Though It May Be, Is Another Nonstarter When 14 Million Americans Are Looking For Work.” (Frank Rich, “Obama’s Original Sin,” New York Magazine, 7/3/11)

Since The Stimulus Was Passed, The U.S. Has Lost 1.8 Million Jobs. (U.S. Bureau of Labor Statistics, www.bls.gov, Accessed: 6/3/11)

Obama Promised That His Stimulus Plan Would Create Or Save 3.5 Million Jobs Over Two Years. OBAMA: “Now, what makes this recovery plan so important is not just that it will create or save 3.5 million jobs over the next two years ...” (President Barack Obama, Remarks At The Signing Of The American Recovery And Reinvestment Act, Press Release, Denver, CO, 2/17/09)

The National Unemployment Rate Is 9.1 Percent. (U.S. Bureau of Labor Statistics, www.bls.gov, Accessed: 6/3/11)

Obama Promised Unemployment Would Not Rise Above 8 Percent With Stimulus. (Christina Romer and Jared Bernstein, "The Job Impact Of The American Recovery And Reinvestment Plan," 1/9/09)
04-30-2017 , 02:58 AM
That is some really, really bad posting.
04-30-2017 , 03:04 AM
Quote:
Originally Posted by aoFrantic
That is some really, really bad posting.
You liberals cry when no one cites a source and then cry when they do.

Cry

Cry

Cry
04-30-2017 , 08:26 AM
Are you really trying to argue Trump is a better president than Obama?

Serious question.
04-30-2017 , 07:55 PM
Quote:
Originally Posted by TrumpTrain
You liberals cry when no one cites a source and then cry when they do.

Cry

Cry

Cry
And more to the point we're here to celebrate the accomplishments of 45*.
05-01-2017 , 01:05 AM
Quote:
Originally Posted by jman220
The house in this hypo was 160k and the mortgage had an interest rate of 4 percent. They'll be paying more a year in interest and real estate taxes on a mortgsge.that size than the standard deduction.
is that because all the interest in the mortgage is front loaded towards the beginning of the 30 years?

      
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