Quote:
Originally Posted by CatskillBill
Question I have is you said you paid $1,100 for 9 years, and your bond balance is still $12,000?
If so, you paid $9,900 and the bond balance only dropped $2,000.
Why continue yearly payments for another 21 years, and not pay it off?
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Whenever I get a spare $12,000 laying around, I find a better use for it. My taxes are almost nil with my Agent Orange disability, so $1100 is about all I have going out, and it's only once a year.
I had the outside painted and re-landscaped last year. This year I'm getting granite countertops, new sink and faucets in the kitchen, and a new Jettastone shower in the master. Had wood floors installed, plantation shutters, new furniture when I moved in, roll down shades on the lanai, screen on the garage door. Master closet redone, attic steps in the garage, I just like seeing something in return for my money at my age, especially since this will be the last place I live. I'm 70 now, and if I live to 75 I'll past my expectations, I've got several big ailments, when bought the place I knew if I go 14 years I would be pushing my luck. I've already taken a reverse mortgage, so I'm only paying for things for my enjoyment.