: Calculate your monthly mortgage payment and multiply it by 360 (number of months in 30 years) and that is the REAL PRICE you are paying for your house. Now, if I am going to pay $300,000 for a $100,000 house, then I deserve to be screwed, right?
This comes from a calculation based on the "Uniform Series Present Worth" factor. You seem to be questioning the basic economic concept of present worth. I accept this concept, if the interest rate is reasonable. Certainly not anything like the double digits that you'll run into if you don't pay off your credit card bill on time. And too many "sheeple" fall into this trap, admittedly.
Ken
Re: John Carpenter Responds?
K
krm
(view)
: Calculate your monthly mortgage payment and multiply it by 360 (number of months in 30 years) and that is the REAL PRICE you are paying for your house. Now, if I am going to pay $300,000 for a $100,000 house, then I deserve to be screwed, right?
This comes from a calculation based on the "Uniform Series Present Worth" factor. You seem to be questioning the basic economic concept of present worth. I accept this concept, if the interest rate is reasonable. Certainly not anything like the double digits that you'll run into if you don't pay off your credit card bill on time. And too many "sheeple" fall into this trap, admittedly.
Ken
This comes from a calculation based on the "Uniform Series Present Worth" factor. You seem to be questioning the basic economic concept of present worth. I accept this concept, if the interest rate is reasonable. Certainly not anything like the double digits that you'll run into if you don't pay off your credit card bill on time. And too many "sheeple" fall into this trap, admittedly.
Ken
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They STILL Live - John Carpenter Responds! – KentDB741 on July 22nd, 2002-
John Carpenter Responds? – Reg on July 23rd, 2002-
Re: John Carpenter Responds? – KentDB741 on July 23rd, 2002
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My Pagan Dreams – Reg on July 24th, 2002
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I don't understand the subject of my college degree? – KentDB741 on July 25th, 2002
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No. – Gregory on July 25th, 2002
Re: My Pagan Dreams – KentDB741 on July 25th, 2002
Re: My Pagan Dreams – KentDB741 on July 25th, 2002
Re: John Carpenter Responds? – BlockDog on July 23rd, 2002
Re: John Carpenter Responds? – krm on July 23rd, 2002
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