Yeah, don’t listen to that guy.

Your best bet is the 30%, and invest the liquid in the market.

You are saying, that after OP puts down 30%, that his mortgage interest would eclipse $25,900 in one year?

🤦🏻‍♂️🤦‍♂️🤦🏽‍♂️

I just………

How big are you suggesting that his mortgage is? Over a million dollars?

How much interest would a tax payer/home owner have to pay in interest in order for them to choose itemized deduction because of their mortgage interest in a year?

Think about that. You are suggesting to other adults to do something that isn’t mathematically possible…

Please stop drinking. You’re embarrassing yourself.

The burden of proof lies in your hands.

That’s literally how this works.

You don’t arrest someone and then the prosecutor says, “well fine, you prove to me who the real murderer is then”

You don’t “average out” the interest in amortizing.

Taxes are done yearly. After year 1, how would it be mathematically possible that he would be able to use itemized deduction?

It’s simple algebra. There is an exact amount of interest a homeowner would have to pay in order for that threshold to be broken.

How is it even possible to eclipse that number? Just for paying interest?

That isn’t at all how amortization works.

The borrower pays interest-heavy at the beginning and principal heavy at the end.

There is an inverse relationship between these 2 where every consecutive payment, you pay less interest than the previous.

So again, explain how OP would be able to use the itemized deduction? How would it mathematically break the standard deduction threshold?

I’ll wait

Nope, try again.

There are actual amortization mortgage calculators that show you every single payment.

I’m just waiting for you to have actual numbers to prove your point. This will be lovely.

And on a 30 year mortgage, after putting down 30%, how much would their interest actually be on a 5.85%?

Have fun

You are not utilizing the framework of what qualifies answering OP’s question.

They are asking about all cash or 30% down.

In either of these, the mortgage deduction wouldn’t apply since it would not reach that threshold.

Again, it just doesn’t apply mathematically.

The mortgage interest only applies if it is larger than the standard deduction.

These days, the only people mathematically eligible have an ultra jumbo loan (+$1M)

I’m taking a wild guess that OP does not fall into that category.

You’re right, we should chop every piece of wood to make houses.

The milling process is anti-human!

average fox news “tell me how to think” viewer

average Qanon patriot

The house sale price was 180k and you have 151k equity, and still owe 167k on it?

I don’t think I understand your numbers here. Very hard to give you any advice.

So how much do you still owe to the bank?

I’m so lost here.

Can you be very specific with what you are asking?

You say that you and your sister own the home. (The bank owns the deed) How much do you owe to the bank vs equity?

Are you asking if you should move out because you don’t have your own personal space and freedoms?

Also, are you asking if you should move out AND keep the house in your name and let your family pay your mortgage?

Or are you asking if you should move out AND sell the house since you won’t be living there anymore?

I would save another 60-90k cash.

The leverage to negotiate has never lost its power.

1 year of super saving will create a better future for yourself and your daughter.

The biggest fail are the r/confidentlyincorrect crowd who don’t understand the ambiguity rules.

PEMDAS works just fine, just don’t forget ambiguity rules.

It’s amazing to me how much effort it took for me to get out of 20k in debt, and doubly hard to save +20k in savings.

And now, it’s like autopilot getting to 100k in savings 😱

All I can say OP is this: if you want to get out of debt as badly as I did, you will cut down your spending to just barely scraping by standards and pay down that debt penny-by-penny. I don’t know any other way of doing it.

And, if you want to sprint away from living paycheck to paycheck, you will continue that same strategy you used to get debt free. I don’t know any other way of doing it.

Good luck

I will never understand how people still follow human-made religions, with this information readily available 🤦🏽‍♂️🤦🏽‍♂️🤦🏽‍♂️

Imagine setting up a global solar array, just like gps satellites…….

Big oil would never let that happen.

I think once we have demystified an unknown, that all the previous understanding of that topic should be adjusted to the new information available.

Specifically, human made religions should essentially be reset and our new understanding of the universe should be a foundational pillar learning taught to all.

Just think, we all came from the stars. We are just as much a part of the universe as the universe is a part of us. That is a special, historically significant understanding.

Yeah, but those weren’t tested under rigorous scientific methods.

Dilute to the essence of something. No contamination or particulates.

Filtering out misinformation and pseudoscience is extremely important.

Sharing to debunk is so incredibly important today!

How have we arrived here with such ignorance?

Never used that thing before.

Not sure how that is a minority position…

Or…….

You could simply provide a link (source)

That would be just fine.