Boat US ,,, check this out ,, what a bunch of thieves!
 

I bought a used boat. Estate sale. Looked easy. But I hired out to
handle the paperwork.

There were three executors to the estate, in different states, one of
whom regularly was in Europe. Getting a proper bill of sale and all the
forms signed by everyone took months. But that was only half the story.
Turned out the deceased had bought the boat from factory with a
mortgage, that was paid off over a decade ago. But the release from lien
form was never filed with the documentation center. And turns out that
bank merged with another bank which was bought by another bank which
danced on a tabletop with yet another financial conglomerate... Finding
out just how and from whom to get a piece of payer the doc center would
accept took F-o-r-e-v-e-r!

the fee I had paid the company was one of the best bargains I ever got
in boating.

Boat US ,,, check this out ,, what a bunch of thieves!
 

Gogarty wrote:
Can't speak from personal experience here. My philosophy is that if you
can't pay the full purchase price for your boat in cash at closing, without
borrowing, don't buy it.

That would limit most of us to a pretty small boat. Pay cash for your house
and car too? Debt has its uses. They don't call it "leverage" for nothing.

I'm not in expert in this, but I would think that "leverage" is best
applied to assets that appreciate, rather than depreciate.

Buy a house with 5% down and you win big when the value doubles.
Buying a boat with 5% down is a formula for disaster.

Boat US ,,, check this out ,, what a bunch of thieves!
 

And where is the price of real estate doubling?

That aside, ever try to go cruising in a condo?

What if you own a house, take out a small equity loan, buy your dream
sailboat, and write off the interest against taxes.

Please don't get all IRS on me. I know, you know, the whole world knows
that the equity money is SUPPOSE to be spent on the house/property.

Did you hear about the yachts that the USA is building in Iraq. Yup, yachts
.... it is all part of the rebuilding of Iraq program.

-------
"Jeff" wrote in message
. ..
Gogarty wrote:
Can't speak from personal experience here. My philosophy is that if you
can't pay the full purchase price for your boat in cash at closing,
without
borrowing, don't buy it.

That would limit most of us to a pretty small boat. Pay cash for your
house and car too? Debt has its uses. They don't call it "leverage" for
nothing.

I'm not in expert in this, but I would think that "leverage" is best
applied to assets that appreciate, rather than depreciate.

Buy a house with 5% down and you win big when the value doubles. Buying a
boat with 5% down is a formula for disaster.

Boat US ,,, check this out ,, what a bunch of thieves!
 

Larry wrote:
.... Most Americans don't even know the government has
nothing to do with those paper notes in their pockets, that come from a
PRIVATE bank owned by the Jew bankers called the Federal Reserve.

Excuse me, when did the Treasury Dept cease to be an
official agency of the U.S. Federal gov't?

DSK

Boat US ,,, check this out ,, what a bunch of thieves!
 

On Sun, 12 Nov 2006 08:41:39 -0500, Gogarty
wrote:

They don't call it "leverage" for nothing.
Indeed, we came into a bit of money recently and thought we might pay off the
boat mortgage, which has three years to run. But given the interest rate, the
tax aspects and what else we could do with the money, it just made no sense
to pay it off.

The tax aspects are very important, especially if you are in a high
$$$ bracket and have few other deductions. The deductions can lower
your effective interest rate to somewhere close to the inflation rate,
bringing your net cost of funds to near zero. If you have other
investment opportunities that yield more, it's a no brainer. If
nothing else put the extra cash in the tax sheltered retirement
account of your choice.

Boat US ,,, check this out ,, what a bunch of thieves!
 

Gogarty wrote in
:

I used to enjoy your postings. You usually had something useful to say.
But no more.




So sorry you are so narrow minded and blind to the truth.

Tell you what, someone just reposted "The Money Masters", a 2-part
documentary about the Jew bankers over on
alt.binaries.multimedia.documentaries from a terrible conspiracy group
called the BBC in England. Toss caution, and pull your head out of the
sand long enough to just watch it and its EVIDENCE and its HISTORY.

It's very interesting. Most Americans don't even know the government has
nothing to do with those paper notes in their pockets, that come from a
PRIVATE bank owned by the Jew bankers called the Federal Reserve. The
Freemason's "Great Seal" on the back is full of their symbols, put there by
FDR, a 32nd degree Freemason, with the help of the Supreme Council 13
blocks N of the White House.

It's no coincidence.....take a look!

Larry
--
Halloween candy left over.....
Is there a downside?

Boat US ,,, check this out ,, what a bunch of thieves!
 

Gogarty wrote in
:

I used to enjoy your postings. You usually had something useful to say.
But no more.




To save you some time hunting for "The Money Masters", the subject lines
all start with:
(Repost By Req; See Sample File For Intro...) ESSENTIAL Knowledge....

If you don't know how to download and decode them, I'll be glad to
enlighten you. You don't have to live in the TV media's propaganda vacuum
if you have Usenet.

Larry
--
Halloween candy left over.....
Is there a downside?

Boat US ,,, check this out ,, what a bunch of thieves!
 

Jeff wrote in
:

Buying a boat with 5% down is a formula for disaster.


Buying a boat with CASH is a formula for disaster....(c;

Boat US ,,, check this out ,, what a bunch of thieves!
 

"Gogarty" wrote in message
...
In article ,

says...


Jeff wrote in
:

Buying a boat with 5% down is a formula for disaster.


Buying a boat with CASH is a formula for disaster....(c;

You're right on that.


You're both crazy!

SBV

Boat US ,,, check this out ,, what a bunch of thieves!
 

NE Sailboat wrote:
And where is the price of real estate doubling?
Just about every house I know that's in a good location has doubled or
tripled in the last 10 years. Clearly, the last few months have not
been kind in a lot of areas.

That aside, ever try to go cruising in a condo?

Yes, my condomaran! But that depreciates.

What if you own a house, take out a small equity loan, buy your dream
sailboat, and write off the interest against taxes.

But how do you pay a mortgage while cruising?