I've Graduated from Night Dental School
 

Bag of mail,,, lol,,,

ya,, krause,,, you liar,,, you get mail on Sundays ??? lol,,, by the bag
full??? lol,,, ooo my,,,


What is the purpose of becoming a dentists krause when you don't have any
teeth??? lol,,,

So your wife,, 20 years your junior,, your 3rd wife is going to school to
become a lawyer,,, and you a dentist,,, isn't this a little late in life
there krause????











"HarryKrause" wrote in message
...
This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our
Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only dentists
receive these kinds of offers.

Therefore, I must have graduated from Dental Kollidge!

Tuuk wrote:

Bag of mail,,, lol,,,


ya,, krause,,, you liar,,, you get mail on Sundays ??? lol,,, by the
bag
full??? lol,,, ooo my,,,


***********

You might want to send your monitor out for repairs.

Some pixels must be shorted out where the "e" appeared before the word
"mail".

Certainly most everybody else saw the letter "e".

Either that, or hang 'round til somebody graduates from night
optometrist's school....

wrote in message
oups.com...
You might want to send your monitor out for repairs.

Some pixels must be shorted out where the "e" appeared before the word
"mail".

Certainly most everybody else saw the letter "e".

Either that, or hang 'round til somebody graduates from night
optometrist's school....



Tuuk is another of the characters around here who won't let the facts get
in the way of his verbal diarrhea.

"HarryKrause" wrote in message
...

We've taken a vote and named Tuuk president of the Obsessed with Harry
fanclub. If there's ever been a more confused d.f. here, I can't recall
his or her name.


That's quite an honour for him. The competition was fierce for that dubious
title.

HarryKrause wrote:
Don White wrote:
wrote in message
oups.com...

You might want to send your monitor out for repairs.

Some pixels must be shorted out where the "e" appeared before the
word
"mail".

Certainly most everybody else saw the letter "e".

Either that, or hang 'round til somebody graduates from night
optometrist's school....




Tuuk is another of the characters around here who won't let the
facts get
in the way of his verbal diarrhea.




We've taken a vote and named Tuuk president of the Obsessed with
Harry
fanclub. If there's ever been a more confused d.f. here, I can't
recall
his or her name.

Congrats, Tuuk! I KNEW you could out do Karen, although you two do seem
to be mentally equivelant.

"HarryKrause" wrote in message
...

We've sent Tuuk his Presidential Decoder Ring with its special three
letter code. He's already called Tech Support to find out what "Duh"
means.



hee hee...that's a goodun'!

"HarryKrause" wrote in message
...
This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our
Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only dentists
receive these kinds of offers.

Only the older dentists get such an offer. Us young guns have to settle for
$790k at 4.25%...but at least they fix the rate for 5 years.

"HarryKrause" wrote in message
...
NOYB wrote:
"HarryKrause" wrote in message
...

This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our
Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only dentists
receive these kinds of offers.


Only the older dentists get such an offer. Us young guns have to settle
for $790k at 4.25%...but at least they fix the rate for 5 years.




I had a feeling you were still out there, somewhere.

I visited my brother in southeast TX for the weekend. We planned on
fishing offshore, but the winds were blowing out of the SSW at 20-25 knots.
We caught a mess of sheepshead off the leeward side of the bridge to South
Padre, and decided enough is enough...so off we went by boat to Parrot Eyes
to watch the Penthouse bikini contest. Of course, being sponsored by
Penthouse, there was very little "bikini" in their "bikini contest".

"NOYB" wrote in message
et...
I visited my brother in southeast TX for the weekend. We planned on
fishing offshore, but the winds were blowing out of the SSW at 20-25
knots.
We caught a mess of sheepshead off the leeward side of the bridge to South
Padre, and decided enough is enough...so off we went by boat to Parrot
Eyes
to watch the Penthouse bikini contest. Of course, being sponsored by
Penthouse, there was very little "bikini" in their "bikini contest".



.....and the little wife was with you of course..........?

NOYB wrote:
"HarryKrause" wrote in message
...
This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed
Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our

Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only
dentists
receive these kinds of offers.

Only the older dentists get such an offer. Us young guns have to
settle for
$790k at 4.25%...but at least they fix the rate for 5 years.

Is that why you have an interest only loan?

krause you fool,,,, lol,,,,


the little woman,, I bet she would drop you like the dumb piece of lying
dung as you were dropped by your previous two wives,,,, lol,,,












"HarryKrause" wrote in message
...
NOYB wrote:
"HarryKrause" wrote in message
...

NOYB wrote:

"HarryKrause" wrote in message
...


This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our
Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only dentists
receive these kinds of offers.


Only the older dentists get such an offer. Us young guns have to settle
for $790k at 4.25%...but at least they fix the rate for 5 years.




I had a feeling you were still out there, somewhere.


I visited my brother in southeast TX for the weekend. We planned on
fishing offshore, but the winds were blowing out of the SSW at 20-25
knots. We caught a mess of sheepshead off the leeward side of the bridge
to South Padre, and decided enough is enough...so off we went by boat to
Parrot Eyes to watch the Penthouse bikini contest. Of course, being
sponsored by Penthouse, there was very little "bikini" in their "bikini
contest".







Some guys have all the fun.

"Don White" wrote in message
...

"NOYB" wrote in message
et...
I visited my brother in southeast TX for the weekend. We planned on
fishing offshore, but the winds were blowing out of the SSW at 20-25
knots.
We caught a mess of sheepshead off the leeward side of the bridge to
South
Padre, and decided enough is enough...so off we went by boat to Parrot
Eyes
to watch the Penthouse bikini contest. Of course, being sponsored by
Penthouse, there was very little "bikini" in their "bikini contest".



....and the little wife was with you of course..........?

She got me the plane ticket for my birthday in February.

wrote in message
oups.com...

NOYB wrote:
"HarryKrause" wrote in message
...
This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed
Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our

Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only
dentists
receive these kinds of offers.

Only the older dentists get such an offer. Us young guns have to
settle for
$790k at 4.25%...but at least they fix the rate for 5 years.

Is that why you have an interest only loan?

I have an interest only loan because: a) it makes no sense to tie up my
money by paying principal on a home that's appreciating 20-25% per year in
value, b) my business won't be paid off until 2009...at which time I will
get a $6000/month "raise".

"NOYB" wrote in message
nk.net...

I have an interest only loan because: a) it makes no sense to tie up my
money by paying principal on a home that's appreciating 20-25% per year in
value, b) my business won't be paid off until 2009...at which time I will
get a $6000/month "raise".


I can see a lot of 'snowbirds' are gonna have their feathers plucked.

"NOYB" wrote in message
nk.net...

wrote in message
oups.com...

NOYB wrote:
"HarryKrause" wrote in message
...
This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed
Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our

Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only
dentists
receive these kinds of offers.

Only the older dentists get such an offer. Us young guns have to
settle for
$790k at 4.25%...but at least they fix the rate for 5 years.

Is that why you have an interest only loan?

I have an interest only loan because: a) it makes no sense to tie up my
money by paying principal on a home that's appreciating 20-25% per year
in
value, b) my business won't be paid off until 2009...at which time I
will
get a $6000/month "raise".

It is obvious the "King" has no clue. The capital investment in a dental
practice is as intense, if not more than just about any other medical type
practice. But from a repeat business, there are not many that are so
lucrative......except maybe for M.J.'s plastic surgeon. :-)

"P. Fritz" wrote in message
...

"NOYB" wrote in message
nk.net...

wrote in message
oups.com...

NOYB wrote:
"HarryKrause" wrote in message
...
This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed
Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our

Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only
dentists
receive these kinds of offers.

Only the older dentists get such an offer. Us young guns have to
settle for
$790k at 4.25%...but at least they fix the rate for 5 years.

Is that why you have an interest only loan?

I have an interest only loan because: a) it makes no sense to tie up my
money by paying principal on a home that's appreciating 20-25% per year
in
value, b) my business won't be paid off until 2009...at which time I
will
get a $6000/month "raise".

It is obvious the "King" has no clue. The capital investment in a dental
practice is as intense, if not more than just about any other medical type
practice. But from a repeat business, there are not many that are so
lucrative......except maybe for M.J.'s plastic surgeon. :-)

5 1/2 years ago, I spent $425k buying a dental practice with old equipment.
I've spent an additional $150,000+ over the last 5 1/2 years updating
equipment to keep things modern and the technology cutting edge. There's no
bilking going on, as my fees fall right at or just under UCR for my area.
My hygienist is booked through the second week of May, and I don't have an
opening for anything but emergencies over the next 3 weeks. I've even had
to open up the next 2 Fridays...which is really starting to irk me as it's
cutting into my fishing and boating time. Hopefully things slow down before
the pelagics (kings, tarpon, permits) move back through my area.

"NOYB" wrote in message
ink.net...

"P. Fritz" wrote in message
...

"NOYB" wrote in message
nk.net...

wrote in message
oups.com...

NOYB wrote:
"HarryKrause" wrote in message
...
This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed
Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit
our

Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only
dentists
receive these kinds of offers.

Only the older dentists get such an offer. Us young guns have to
settle for
$790k at 4.25%...but at least they fix the rate for 5 years.

Is that why you have an interest only loan?

I have an interest only loan because: a) it makes no sense to tie up
my
money by paying principal on a home that's appreciating 20-25% per
year in
value, b) my business won't be paid off until 2009...at which time I
will
get a $6000/month "raise".

It is obvious the "King" has no clue. The capital investment in a
dental practice is as intense, if not more than just about any other
medical type practice. But from a repeat business, there are not many
that are so lucrative......except maybe for M.J.'s plastic surgeon.
:-)

5 1/2 years ago, I spent $425k buying a dental practice with old
equipment. I've spent an additional $150,000+ over the last 5 1/2 years
updating equipment to keep things modern and the technology cutting edge.
There's no bilking going on, as my fees fall right at or just under UCR
for my area. My hygienist is booked through the second week of May, and I
don't have an opening for anything but emergencies over the next 3 weeks.
I've even had to open up the next 2 Fridays...which is really starting to
irk me as it's cutting into my fishing and boating time. Hopefully things
slow down before the pelagics (kings, tarpon, permits) move back through
my area.

The equipment cost is what really shocked me in the last couple of dental
offices I did, The one practice opted for partial walls, so that two rooms
could share xray machines, hand sinks etc.

On Tue, 22 Mar 2005 15:17:52 GMT, "NOYB" wrote:
5 1/2 years ago, I spent $425k buying a dental practice with old equipment.
I've spent an additional $150,000+ over the last 5 1/2 years updating
equipment to keep things modern and the technology cutting edge. There's no
bilking going on, as my fees fall right at or just under UCR for my area.
My hygienist is booked through the second week of May, and I don't have an
opening for anything but emergencies over the next 3 weeks. I've even had
to open up the next 2 Fridays...which is really starting to irk me as it's
cutting into my fishing and boating time. Hopefully things slow down before
the pelagics (kings, tarpon, permits) move back through my area.

==========================================

Could you recommend a good dentist in the Cape Coral/Ft Myers area by
any chance? Preferably a boater/fisherman :-) My old dentist in
Larchmont was a boater and it always made the visit a little more
pleasant to exchange a few stories.



(EMAIL address is correct as written)

But, I thought that you had to get an interest only loan?????

You have mail.


"Wayne.B" wrote in message
...
On Tue, 22 Mar 2005 15:17:52 GMT, "NOYB" wrote:
5 1/2 years ago, I spent $425k buying a dental practice with old
equipment.
I've spent an additional $150,000+ over the last 5 1/2 years updating
equipment to keep things modern and the technology cutting edge. There's
no
bilking going on, as my fees fall right at or just under UCR for my area.
My hygienist is booked through the second week of May, and I don't have an
opening for anything but emergencies over the next 3 weeks. I've even
had
to open up the next 2 Fridays...which is really starting to irk me as it's
cutting into my fishing and boating time. Hopefully things slow down
before
the pelagics (kings, tarpon, permits) move back through my area.

==========================================

Could you recommend a good dentist in the Cape Coral/Ft Myers area by
any chance? Preferably a boater/fisherman :-) My old dentist in
Larchmont was a boater and it always made the visit a little more
pleasant to exchange a few stories.



(EMAIL address is correct as written)

"WaIIy" wrote in message
...
Why don't you go to school for years, sacrifice and become a doctor?

Oh, you can't ?

I see.



Well...isn't this precious...Wally coming to the aid of NOYB. Did he
promise you free dentures?

wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or interest-only.

I chose the interest only loan over the conventional 30-year fixed, because
it gives me the option to pay principal on the loan (but only if *I *decide
to do so). Right now, it makes more sense for me to put $25-30k per year
away in a qualified pension plan than to pay principal on a home mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo (before
taxes) to put towards principal and/or retirement savings. At that time, I
can get a 20 year conventional fixed mortgage, and pay the home off before
I'm 60.

"WaIIy" wrote in message
...

No, just a couple of crowns.

Thank god! I heard he re-cycles the ones traded in by his 'blue rinse'
patients.

"Don White" wrote in message
...

"WaIIy" wrote in message
...
Why don't you go to school for years, sacrifice and become a doctor?

Oh, you can't ?

I see.



Well...isn't this precious...Wally coming to the aid of NOYB. Did he
promise you free dentures?

That attitude will keep you angry and bitter at the entire world.

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year fixed,
because
it gives me the option to pay principal on the loan (but only if *I
*decide
to do so). Right now, it makes more sense for me to put $25-30k per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At that
time, I
can get a 20 year conventional fixed mortgage, and pay the home off
before
I'm 60.


Yeah, sure, whatever.......

On 23 Mar 2005 05:01:54 -0800, "basskisser" wrote:


NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year fixed,
because
it gives me the option to pay principal on the loan (but only if *I
*decide
to do so). Right now, it makes more sense for me to put $25-30k per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At that
time, I
can get a 20 year conventional fixed mortgage, and pay the home off
before
I'm 60.


Yeah, sure, whatever.......

basskisser, is that the best you can do when you see a good idea put in place?
--
John H

"All decisions are the result of binary thinking."

"Don White" wrote in message
...

"WaIIy" wrote in message
...

No, just a couple of crowns.

Thank god! I heard he re-cycles the ones traded in by his 'blue rinse'
patients.


Only the crowns that I do for "free".

"basskisser" wrote in message
oups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year fixed,
because
it gives me the option to pay principal on the loan (but only if *I
*decide
to do so). Right now, it makes more sense for me to put $25-30k per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At that
time, I
can get a 20 year conventional fixed mortgage, and pay the home off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed your
brain so much.

"NOYB" wrote in message
ink.net...

"basskisser" wrote in message
oups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year fixed,
because
it gives me the option to pay principal on the loan (but only if *I
*decide
to do so). Right now, it makes more sense for me to put $25-30k per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At that
time, I
can get a 20 year conventional fixed mortgage, and pay the home off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed your
brain so much.

And he wonders why he is the "King"

"John H" wrote in message
...
On 23 Mar 2005 05:01:54 -0800, "basskisser" wrote:


NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year fixed,
because
it gives me the option to pay principal on the loan (but only if *I
*decide
to do so). Right now, it makes more sense for me to put $25-30k per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At that
time, I
can get a 20 year conventional fixed mortgage, and pay the home off
before
I'm 60.


Yeah, sure, whatever.......

basskisser, is that the best you can do when you see a good idea put in
place?
--

What do you expect from the "King"


John H

"All decisions are the result of binary thinking."

On Wed, 23 Mar 2005 13:31:05 GMT, "NOYB" wrote:


"basskisser" wrote in message
roups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year fixed,
because
it gives me the option to pay principal on the loan (but only if *I
*decide
to do so). Right now, it makes more sense for me to put $25-30k per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At that
time, I
can get a 20 year conventional fixed mortgage, and pay the home off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed your
brain so much.

He's probably embarrassed because he hadn't thought of it.
--
John H

"All decisions are the result of binary thinking."

"Bert Robbins" wrote in message
...


That attitude will keep you angry and bitter at the entire world.


Huh??...................who's angry & bitter?

John H wrote:
On 23 Mar 2005 05:01:54 -0800, "basskisser"
wrote:


NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year
fixed,
because
it gives me the option to pay principal on the loan (but only if
*I
*decide
to do so). Right now, it makes more sense for me to put $25-30k
per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At
that
time, I
can get a 20 year conventional fixed mortgage, and pay the home
off
before
I'm 60.


Yeah, sure, whatever.......

basskisser, is that the best you can do when you see a good idea put
in place?
--
John H

No, but you know how NOYB is, no sense in trying to make him think
anything other than what he does, says, where he lives, his occupation,
his thoughts, and on and on, are anything less than superior to anyone
else in the universe. Just ask him! Now, as far as a "good idea", he's
admitted himself that he is financially stretched tight.

John H wrote:
On Wed, 23 Mar 2005 13:31:05 GMT, "NOYB" wrote:


"basskisser" wrote in message
roups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year
fixed,
because
it gives me the option to pay principal on the loan (but only if
*I
*decide
to do so). Right now, it makes more sense for me to put $25-30k
per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At
that
time, I
can get a 20 year conventional fixed mortgage, and pay the home
off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed
your
brain so much.

He's probably embarrassed because he hadn't thought of it.
--
John H

Hehe! The mortgage companies PUSH interest only to people. Why? Care to
take a guess?

P.Fritz wrote:
"NOYB" wrote in message
ink.net...

"basskisser" wrote in message
oups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year
fixed,
because
it gives me the option to pay principal on the loan (but only if
*I
*decide
to do so). Right now, it makes more sense for me to put $25-30k
per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At
that
time, I
can get a 20 year conventional fixed mortgage, and pay the home
off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed
your
brain so much.

And he wonders why he is the "King"

I see that you still can't interject anything mentally competent into a
thread, so you resort to childish name calling.

NOYB wrote:
"basskisser" wrote in message
oups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year
fixed,
because
it gives me the option to pay principal on the loan (but only if
*I
*decide
to do so). Right now, it makes more sense for me to put $25-30k
per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At
that
time, I
can get a 20 year conventional fixed mortgage, and pay the home
off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed
your
brain so much.

The mortgage companies PUSH interest only loans to consumers. Care to
venture WHY????

On 23 Mar 2005 09:44:18 -0800, "basskisser" wrote:


John H wrote:
On 23 Mar 2005 05:01:54 -0800, "basskisser"
wrote:


NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year
fixed,
because
it gives me the option to pay principal on the loan (but only if
*I
*decide
to do so). Right now, it makes more sense for me to put $25-30k
per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At
that
time, I
can get a 20 year conventional fixed mortgage, and pay the home
off
before
I'm 60.


Yeah, sure, whatever.......

basskisser, is that the best you can do when you see a good idea put
in place?
--
John H

No, but you know how NOYB is, no sense in trying to make him think
anything other than what he does, says, where he lives, his occupation,
his thoughts, and on and on, are anything less than superior to anyone
else in the universe. Just ask him! Now, as far as a "good idea", he's
admitted himself that he is financially stretched tight.

My daughter has commented to me about having a negative balance, on occasion, in
my checkbook. To her, who has bounced a check to me, this was really something
to 'catch her dad' with.

There are times when it is beneficial to one's longer term interests to be
somewhat 'stretched tight'. That is not, necessarily, a sign of bad financial
management. I financed my house for 15 years instead of 30. The additional
payment amount stretched me a little more than I had been, but I think that the
long term benefits will be worth the stretch.

I don't know NYOB's situation, other than what I've read. I *do* know that he
has given thought to his situation. That, in itself, is more than a lot of folks
do.

His plan makes sense.

There may be those in the universe who have a better occupation, better place to
live, and are better able to express their point of view. From my perspective,
you haven't shown that you are one of them. Of course, that's just my opinion.
--
John H

"All decisions are the result of binary thinking."

"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year
fixed,
because
it gives me the option to pay principal on the loan (but only if
*I
*decide
to do so). Right now, it makes more sense for me to put $25-30k
per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At
that
time, I
can get a 20 year conventional fixed mortgage, and pay the home
off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed
your
brain so much.

The mortgage companies PUSH interest only loans to consumers. Care to
venture WHY????


Because they have a non-decreasing revenue stream coming in while the
principal is outstanding. So what. It's good for the bank...but even
better for me.

Are you smart enough to do the math on exactly how much *principle* you're
actually paying in the first 5 years of an $800000 mortgage at 4.25%?

I'll get you started:

Payment (principle+interest)= $3935.52
Payment (interest only)= $2833.33

(Answer= $66,131.20)

So at the end of 5 years, I'd owe $800,000...and the guy who paid principle
owes $733, 868.80.

Keep in mind that I'm putting that $66,131.20 into my wife's and my Simple
IRA's instead of towards the principle of the house. Because it's a
qualified plan, I saved $20k in Federal taxes over the schmuck who used the
money to pay down the principle on his home.

At the end of 5 years, he paid an extra $20k in taxes to the Feds, and owes
$733, 868.80 on the home.

At the end of 5 years, I put $66k into my simple IRA and paid $20k less to
the government. Even if the house doesn't appreciate, and I get *ZERO*
return on my investment in the Simple IRA, my net worth is ahead of his by
$20k. If I get even a nominal 5% return on my Simple IRA per year, I'm even
further ahead of the other guy.

Paying principle on a loan is an opportunity cost.

On 23 Mar 2005 09:45:55 -0800, "basskisser" wrote:


John H wrote:
On Wed, 23 Mar 2005 13:31:05 GMT, "NOYB" wrote:


"basskisser" wrote in message
roups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year
fixed,
because
it gives me the option to pay principal on the loan (but only if
*I
*decide
to do so). Right now, it makes more sense for me to put $25-30k
per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At
that
time, I
can get a 20 year conventional fixed mortgage, and pay the home
off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed
your
brain so much.

He's probably embarrassed because he hadn't thought of it.
--
John H

Hehe! The mortgage companies PUSH interest only to people. Why? Care to
take a guess?

Upon what do you base that comment?
--
John H

"All decisions are the result of binary thinking."

"NOYB" wrote in message
.net...

"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

NOYB wrote:
wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or
interest-only.

I chose the interest only loan over the conventional 30-year
fixed,
because
it gives me the option to pay principal on the loan (but only if
*I
*decide
to do so). Right now, it makes more sense for me to put $25-30k
per
year
away in a qualified pension plan than to pay principal on a home
mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo
(before
taxes) to put towards principal and/or retirement savings. At
that
time, I
can get a 20 year conventional fixed mortgage, and pay the home
off
before
I'm 60.


Yeah, sure, whatever.......


Boy, you sure put a lot of thought into that reply. Sorry I taxed
your
brain so much.

The mortgage companies PUSH interest only loans to consumers. Care to
venture WHY????


Because they have a non-decreasing revenue stream coming in while the
principal is outstanding. So what. It's good for the bank...but even
better for me.

Are you smart enough to do the math on exactly how much *principle* you're
actually paying in the first 5 years of an $800000 mortgage at 4.25%?

I'll get you started:

Payment (principle+interest)= $3935.52
Payment (interest only)= $2833.33

(Answer= $66,131.20)

So at the end of 5 years, I'd owe $800,000...and the guy who paid
principle owes $733, 868.80.

Keep in mind that I'm putting that $66,131.20 into my wife's and my Simple
IRA's instead of towards the principle of the house. Because it's a
qualified plan, I saved $20k in Federal taxes over the schmuck who used
the money to pay down the principle on his home.

At the end of 5 years, he paid an extra $20k in taxes to the Feds, and
owes $733, 868.80 on the home.

At the end of 5 years, I put $66k into my simple IRA and paid $20k less to
the government. Even if the house doesn't appreciate, and I get *ZERO*
return on my investment in the Simple IRA, my net worth is ahead of his by
$20k. If I get even a nominal 5% return on my Simple IRA per year, I'm
even further ahead of the other guy.

Paying principle on a loan is an opportunity cost.

Unless you are in the bottom dwelling tax brackets like the "King of the NG
idiots"