ATTN: AMP - You do not own your house until it is fully paid off. - GoFuckYourself.com

Lord Nelson · 03-22-2006, 09:51 AM

..that applies to you car too faggit.

Juicy D. Links · 03-22-2006, 09:52 AM

Lord Nelson are we buddies?

JFK · 03-22-2006, 09:52 AM

just how do you know he owes money on them ?

More Booze · 03-22-2006, 09:53 AM

Handling
Tre kompisar campar i skogen nhahaha228;r de ser en rymdfarkost landa. De fhahaha229;r syn phahaha229; en rymdvarelse och besthahaha228;mmer sig fhahaha246;r att fhahaha229;nga honom fhahaha246;r att tjhahaha228;na pengar fhahaha246;r att kunna khahaha246;pa hahaha246;l.

Lord Nelson · 03-22-2006, 09:53 AM

Quote:

Originally Posted by JFK

just how do you know he owes money on them ?

negro, please.

KingK7 · 03-22-2006, 09:56 AM

Quote:

Originally Posted by More Booze

Handling
Tre kompisar campar i skogen nhahaha228;r de ser en rymdfarkost landa. De fhahaha229;r syn phahaha229; en rymdvarelse och besthahaha228;mmer sig fhahaha246;r att fhahaha229;nga honom fhahaha246;r att tjhahaha228;na pengar fhahaha246;r att kunna khahaha246;pa hahaha246;l.

mmmkay...

thumbnailsource · 03-22-2006, 10:07 AM

Quote:

Originally Posted by More Booze

Handling
Tre kompisar campar i skogen nhahaha228;r de ser en rymdfarkost landa. De fhahaha229;r syn phahaha229; en rymdvarelse och besthahaha228;mmer sig fhahaha246;r att fhahaha229;nga honom fhahaha246;r att tjhahaha228;na pengar fhahaha246;r att kunna khahaha246;pa hahaha246;l.

sig spot?

BlingDaddy · 03-22-2006, 10:10 AM

Owning a home outright is not always a good thing...... (interest)

Lord Nelson · 03-22-2006, 10:22 AM

Quote:

Originally Posted by BlingDaddy

Owning a home outright is not always a good thing...... (interest)

BRILLIANT! You probably think you're getting 'free money' when you get a cash advance from your credit card too, right?

You should work in the Bush Administration, where your economic prowess would fit right in.

slapass · 03-22-2006, 10:27 AM

Quote:

Originally Posted by Lord Nelson

..that applies to you car too faggit.

nice try but legally you do own both of these.

StuartD · 03-22-2006, 10:29 AM

Quote:

Originally Posted by Lord Nelson

..that applies to you car too faggit.

What do you care? Failed at getting Lensman's attention so now you have to direct your hate elsewhere... for fear that it might bottle up and explode?

hate on... have fun... until you get banned again.

Lord Nelson · 03-22-2006, 10:30 AM

Quote:

Originally Posted by slapass

nice try but legally you do own both of these.

No you do not.

Explain it now: How do you profit from your home's increasing value if you don't sell it and pocket the profit?

C'mon, Warren Buffet, this is an easy question.

Lord Nelson · 03-22-2006, 10:31 AM

Quote:

Originally Posted by StuartD

What do you care? Failed at getting Lensman's attention so now you have to direct your hate elsewhere... for fear that it might bottle up and explode?

hate on... have fun... until you get banned again.

Why do you care if I care? Get off my cock faggot. Put me on ingnore.

chupachups · 03-22-2006, 10:36 AM

Quote:

Originally Posted by More Booze

Handling
Tre kompisar campar i skogen nhahaha228;r de ser en rymdfarkost landa. De fhahaha229;r syn phahaha229; en rymdvarelse och besthahaha228;mmer sig fhahaha246;r att fhahaha229;nga honom fhahaha246;r att tjhahaha228;na pengar fhahaha246;r att kunna khahaha246;pa hahaha246;l.

lol

wtf?

StuartD · 03-22-2006, 10:50 AM

Quote:

Originally Posted by Lord Nelson

Why do you care if I care? Get off my cock faggot. Put me on ingnore.

What is "ingnore" ?

baddog · 03-22-2006, 10:57 AM

hmmm, every application I ever filled out said "own" or "rent." I have never seen one that said "still paying on it."

StuartD · 03-22-2006, 11:01 AM

Quote:

Originally Posted by baddog

hmmm, every application I ever filled out said "own" or "rent." I have never seen one that said "still paying on it."

Heh, yes well... this "lord" person obviously has no clue how a mortgage really works.

Furious_Male · 03-22-2006, 11:04 AM

Hell you don't even really own your property after it after its paid off. Property and school taxes are always looming.

Lord Nelson · 03-22-2006, 11:04 AM

Quote:

Originally Posted by baddog

hmmm, every application I ever filled out said "own" or "rent." I have never seen one that said "still paying on it."

I'm sure you believe that. Which is what makes it so funny.

BlingDaddy · 03-22-2006, 11:07 AM

Quote:

Originally Posted by Lord Nelson

BRILLIANT! You probably think you're getting 'free money' when you get a cash advance from your credit card too, right?

You should work in the Bush Administration, where your economic prowess would fit right in.

Your extreme "financial prowess" get's better and better doesn't it. Well, I guess when you're making $10,000 a year tax deductions aren't part of the equation.

Or are they "lord"?

SuckOnThis · 03-22-2006, 11:30 AM

Quote:

Originally Posted by BlingDaddy

Your extreme "financial prowess" get's better and better doesn't it. Well, I guess when you're making $10,000 a year tax deductions aren't part of the equation.

Or are they "lord"?

Making? You think you are 'making' money when you write off your interest on your taxes? Now thats a good one.

everestcash · 03-22-2006, 11:35 AM

dadz rite!

BlingDaddy · 03-22-2006, 11:35 AM

Quote:

Making? You think you are 'making' money when you write off your interest on your taxes? Now thats a good one.

No..... if you "earn" $10,000 a year tax deductions aren't part of your equation. Interest write offs aren't "earning money". But knowing how to manage taxes and income is. I'd be surprised if 1% of this board could tell me what the FICA cutoff even means.

Manowar · 03-22-2006, 11:42 AM

orlY?????

Lord Nelson · 03-22-2006, 11:44 AM

Quote:

Originally Posted by BlingDaddy

Your extreme "financial prowess" get's better and better doesn't it. Well, I guess when you're making $10,000 a year tax deductions aren't part of the equation.

Or are they "lord"?

Don't worry kid, you'll catch up. You probably think $1 in mortgage payments = $1 in tax deduction.

ronaldo · 03-22-2006, 11:46 AM

Quote:

Originally Posted by SuckOnThis

Making? You think you are 'making' money when you write off your interest on your taxes? Now thats a good one.

I wouldn't call it "Making", but when you're writing off interest on an expense you already incur, you're certainly SAVING money.

Lord Nelson · 03-22-2006, 11:46 AM

Quote:

Originally Posted by StuartD

Heh, yes well... this "lord" person obviously has no clue how a mortgage really works.

It's kinda like those guys that were multi-millionaires cuz they had options on pets.com

BlingDaddy · 03-22-2006, 11:47 AM

Quote:

Originally Posted by Lord Nelson

Don't worry kid, you'll catch up. You probably think $1 in mortgage payments = $1 in tax deduction.

LMAO...

Don't worry "kid". Stick to the 1040EZ this year, make sure you get your EIC, and you'll be okay.

baddog · 03-22-2006, 11:48 AM

Quote:

Originally Posted by StuartD

Heh, yes well... this "lord" person obviously has no clue how a mortgage really works.

lord nelson = m00d, which should tell you something

KRosh · 03-22-2006, 11:51 AM

Quote:

Originally Posted by Lord Nelson

Don't worry kid, you'll catch up. You probably think $1 in mortgage payments = $1 in tax deduction.

Well .. I don't know where you get your information. i own a house in Seattle outright, and I own one in Los Angeles. The home in LA gets me the tax dedutions that lower my taxes down to nearly nothing. owning your hoe out right does no have ANY tax advantage. Plus the money is not working for you. Why sit on all that money when you acn invest and make more?

gornyhuy · 03-22-2006, 11:53 AM

Quote:

Originally Posted by Juicy D. Links

Lord Nelson are we buddies?

"The enemy of my enemy is my friend"

SuckOnThis · 03-22-2006, 11:55 AM

Quote:

Originally Posted by ronaldo

I wouldn't call it "Making", but when you're writing off interest on an expense you already incur, you're certainly SAVING money.

True, but some of these people think incurring expenses for the sole sake of getting the write off is a smart move.

polish_aristocrat · 03-22-2006, 11:56 AM

Quote:

Originally Posted by baddog

lord nelson = m00d

not saying its not the case, but what exactly makes you think so ?

SuckOnThis · 03-22-2006, 12:00 PM

Quote:

Originally Posted by KRosh

Well .. I don't know where you get your information. i own a house in Seattle outright, and I own one in Los Angeles. The home in LA gets me the tax dedutions that lower my taxes down to nearly nothing. owning your hoe out right does no have ANY tax advantage. Plus the money is not working for you. Why sit on all that money when you acn invest and make more?

SO anywhere from 25-40% of the interest you paid for your LA home could've paid your tax bill saving you 60-75% a year. And thats if you didnt figure out a way to shelter that money elsewhere.

KRosh · 03-22-2006, 12:05 PM

Quote:

Originally Posted by SuckOnThis

SO anywhere from 25-40% of the interest you paid for your LA home could've paid your tax bill saving you 60-75% a year. And thats if you didnt figure out a way to shelter that money elsewhere.

that is incorrect.

My home in LA is also an office much more write off than the normal tax write off. I reccommend a good accountant

I also have gained un ungodly amount of equity in both homes. The ROI here is unlike any other investment. I am not going to sit here and argue forever but I will tell you that i am doing ok

Lord Nelson · 03-22-2006, 12:05 PM

Quote:

Originally Posted by KRosh

Well .. I don't know where you get your information. i own a house in Seattle outright, and I own one in Los Angeles. The home in LA gets me the tax dedutions that lower my taxes down to nearly nothing. owning your hoe out right does no have ANY tax advantage. Plus the money is not working for you. Why sit on all that money when you acn invest and make more?

seeric · 03-22-2006, 12:09 PM

Quote:

Originally Posted by Furious_Male

Hell you don't even really own your property after it after its paid off. Property and school taxes are always looming.

depending on where you live eminent domain may also apply, meaning that your shit is never your shit, and the next time a government entity needs some money and sells your ass under the bus by selling your land that your house is on to a shopping mall conglomerate, you're fucked.

SuckOnThis · 03-22-2006, 12:21 PM

Quote:

Originally Posted by KRosh

that is incorrect.

My home in LA is also an office much more write off than the normal tax write off. I reccommend a good accountant

I also have gained un ungodly amount of equity in both homes. The ROI here is unlike any other investment. I am not going to sit here and argue forever but I will tell you that i am doing ok

I suggest you get a good accountant because:

1. Writing off a home office has nothing to do with mortgage interest.

2. Writing off a home office will fuck you up when you go to sell your house, you will have to pay tax on the depreciation deduction you've been taking this whole time.

03-22-2006, 09:51 AM	#1
Lord Nelson So Fucking Banned Join Date: Jan 2006 Posts: 715	ATTN: AMP - You do not own your house until it is fully paid off. ..that applies to you car too faggit.

03-22-2006, 09:52 AM	#3
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	just how do you know he owes money on them ? __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

03-22-2006, 10:10 AM	#8
BlingDaddy Confirmed User Join Date: Apr 2004 Location: Denver, CO ICQ 280-752-076 Posts: 6,343	Owning a home outright is not always a good thing...... (interest) __________________ Every Day... Bling Daddy's Masturbation Station! Bling Daddy's Masturbation Station! The Daily Bag of Douche - Humor at it's FINEST.

03-22-2006, 11:04 AM	#18
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,883	Hell you don't even really own your property after it after its paid off. Property and school taxes are always looming. __________________ Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

03-22-2006, 11:35 AM	#22
everestcash Confirmed User Join Date: Apr 2002 Posts: 2,194	dadz rite! __________________ Got solo girls/teen traffic? Promote our exclusive solo girl sites and boost your income!

03-22-2006, 09:52 AM	#2
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	Lord Nelson are we buddies?

03-22-2006, 09:53 AM	#4
More Booze Confirmed User Join Date: Mar 2004 Posts: 5,116	Handling Tre kompisar campar i skogen nhahaha228;r de ser en rymdfarkost landa. De fhahaha229;r syn phahaha229; en rymdvarelse och besthahaha228;mmer sig fhahaha246;r att fhahaha229;nga honom fhahaha246;r att tjhahaha228;na pengar fhahaha246;r att kunna khahaha246;pa hahaha246;l.

03-22-2006, 10:57 AM	#16
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	hmmm, every application I ever filled out said "own" or "rent." I have never seen one that said "still paying on it."

03-22-2006, 11:42 AM	#24
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	orlY?????