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Very Good Article

Comment comment by TheGainsayer on 06 September 2007

I thought this was extremely well thought-out and executed, good job B.

While it is very numbers-driven, also consider the unstated value of the following intangibles, some of which were lightly addressed in the article.

1. What doesn't figure into play here is the value of time/money for

multiple house owners, which is a bit of an abstract thing, of course, but still worth consideration.

2. It also does not figure into play the protection that the mortgage

company gets for escrowing the taxes. Tax liens are superior to any and all liens and may be sold at auction in many states including Texas. Look at escrowing like a very inexpensive insurance policy against foreclosure for failure to pay taxes.

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RE: Very Good Article by Brandon :: NR9

I'm not sure what you mean by multiple house owners. Do they pay higher taxes?

On the second point, I can understand there is peace of mind in not having to worry about paying taxes at the end of the year if you are forced to pay them with each mortgage payment. You take a hit in the pocketbook, though, and I think I would always advise taking the earn-interest road.

You also mention mortgage company protection and tax liens, but you'll have to explain more. I'm not familiar with how those work or how they come into play here.

Posted 06 September 2007, Hide, Parent, Reply