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re: Spinoff trifecta - big house payment

Posted on 8/3/14 at 4:34 pm to
Posted by G Vice
Lafayette, LA
Member since Dec 2006
12918 posts
Posted on 8/3/14 at 4:34 pm to
In (or on) which do you spend most of your time? Is your horse an appreciating asset (house usually) or depreciating asset (car always, unless a collectible)?

Go with that.
Posted by LawLessTyGer
Bay of Ponchartrain
Member since Jan 2009
1256 posts
Posted on 8/3/14 at 4:35 pm to
Ouch!
Posted by tigerfoot
Alexandria
Member since Sep 2006
56270 posts
Posted on 8/3/14 at 4:36 pm to
Posted by saderade
America's City
Member since Jul 2005
25737 posts
Posted on 8/3/14 at 4:37 pm to
quote:

My 1/2 acre lot was 200k
I could sell my 5200 sq ft lot for about that much right now. Luckily I didn't pay that much.
Posted by madamsquirrel
The Snarlington Estate
Member since Jul 2009
48571 posts
Posted on 8/3/14 at 4:38 pm to
My child pays twice my house note for a 1 br apt in nola.
Posted by Aspercel
Member since Jan 2009
106041 posts
Posted on 8/3/14 at 4:38 pm to
Ummm, I would like to think both are gaining in value (especially the baby, he maybe has a chance to be worth something ).

Let's say Bisou is a car and hopefully the yearling is a house.



My husband would say they are both cars. Cars with no value at all.
This post was edited on 8/3/14 at 4:42 pm
Posted by islandtiger
Baton Rouge
Member since Sep 2012
1787 posts
Posted on 8/3/14 at 4:38 pm to
Kind of going in the opposite direction. Own current house mortgage-free but a we are building a new, significant upgrade while we are entering "semi-retirement." Will put about 75% down and and will keep payments under $1800. I must say that I sure like not having a monthly mortgage, but my wife has waited a long time for her "dream house." We are down to our last kid in college (4 down one to go) so instead of sending our money to LSU we will spend it on ourselves.
Posted by thekid
Anna, Tx
Member since May 2006
3937 posts
Posted on 8/3/14 at 4:39 pm to
2850 sq feet
Paid $219,000 in McKinney, Tx in 2008...house built in 2001
Current note is $1156...refinanced
Taxes are about 400 a month...
Posted by AUCE05
Member since Dec 2009
42565 posts
Posted on 8/3/14 at 4:42 pm to
1250. 1300 sf with a basement. Two kids. House was built in the 60s, so I am having to do some work on it. I like older homes in the city with big lots. New homes seem to have no soul.
Posted by LawLessTyGer
Bay of Ponchartrain
Member since Jan 2009
1256 posts
Posted on 8/3/14 at 4:44 pm to
Total truth, and I did sink 200 or so into it ....which looking back, wish I wouldn't have put so much into it and instead bought more stocks in 2009 :

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260404 posts
Posted on 8/3/14 at 4:48 pm to
$1,850 but that's not bad for this neck of the woods. Selling the house , staying in a condo right now while some renovations are being done. Rent is $1,450 for 800 sq. ft, but it's on a bay with killer views.
Posted by lsupride87
Member since Dec 2007
95130 posts
Posted on 8/3/14 at 4:56 pm to
quote:

Total truth, and I did sink 200 or so into it ....which looking back, wish I wouldn't have put so much into it and instead bought more stocks in 2009 :
Gotcha man. And I feel ya
Posted by jack6294
Greater Baton Rouge Area
Member since Jan 2007
4033 posts
Posted on 8/3/14 at 4:58 pm to
$0 House payment
$0 car notes
$0 student loans for my three children all college grads
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/3/14 at 5:00 pm to
quote:

horse payment


I feel your pain. If I never see another farrier bill, it will be too soon. I'm thinking about abandoning law in favor of showing horses.
Posted by ell_13
Member since Apr 2013
85032 posts
Posted on 8/3/14 at 5:06 pm to
$750/m p&i only. 1650 sq. ft.

Zero Down. 30 yr. RD loan. 5%
This post was edited on 8/3/14 at 5:12 pm
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30549 posts
Posted on 8/3/14 at 5:08 pm to
3.65%. 28 years left. $1500. 4100 sqft
Posted by G Vice
Lafayette, LA
Member since Dec 2006
12918 posts
Posted on 8/3/14 at 5:09 pm to
Hope springs eternal, doesn't it?

Yesterday my friend and I were talking about a third guy we know came into a very large sum of money through an inheritance and a legal settlement all in the same year.

The guy lost nearly all of it literally through a series of fast women and slow race horses.........which is why your post caught my attention initially.
Posted by Aspercel
Member since Jan 2009
106041 posts
Posted on 8/3/14 at 5:26 pm to


I feel you there. This weekend mine ripped off 2 shoes and got kicked in the head.

They are a money pit.
Posted by Aspercel
Member since Jan 2009
106041 posts
Posted on 8/3/14 at 5:30 pm to


No way to make money in racing, for the most part, but you never know!

Yeah, he's probably a car too. Oh well.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35537 posts
Posted on 8/3/14 at 5:32 pm to
Zero, Nada, Zip, Zero, Zilch.

It's one of the reasons why I travel in style.
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