It comes at a particularly good time, as my annuity is dwindling and would not support me, in the style to which I have become accustomed, for my preferred life span.
Make no mistake about it, this NEW money is OPM. I will NEVER pay it off. It is FREE money, from OTHER PEOPLE.
You are a total asinine dope.
Mesquite has a much lower poverty rate than LA. Average per capita income is about the same.
It almost certainly has a much higher rate of millionaires per capita than LA, too. Consider casino owner Greg Lee:
When will you learn to do some actual research before shooting your fool mouth & foot off?
More irrelevant garbage. It has nothing to do with your idiotic statement that it is impossible for retired people to get a refi or that geezers are drawing down assets to live.
You are stuck with that ridiculous statement along with the hundreds of others you have posted. As I recall, you are the idiot that said Laughlin was the second largest town in Nevada. You nitwit, it isn't even close.
Here is an excerpt from your post:
Also, in spite of the poverty you believe exists in Mesquite, I would note that many of the retired people purchasing real estate in Mesquite paid cash for their property.
I'm really impressed. The best place in that gas stop likely cost less than my 100K involvement in Pfizer on 11/17/04.
I wonder what percentage of that huge 17,000 population is trailer trash? Or criminals on the lam?
As long as I stay in the house, I won't pay off the mortgage. I will, however, make interest-only payments each month to freeze the loan at 374K.
Nobody need ask how much my mortgage is anymore as it's always going to be 374K.
"those msgs aren't anywhere near the level of humor that S-P-I-N-E-L-E-S-S is capable of."
True but still rather clever. Helps to take my mind off of the losses I had today. I wonder where the idiot is today? Not that I want him back, just curious.
What would the annuity be worth today had you not taken the interest out every year? Isn't the purpose of a fixed annuity to accumulate interest tax defered and then withdraw it when you are in a lower tax bracket such as zero where you are now?
I do not get excited about a piddling couple of few percent interest. I have the gray matter to do much better than earn compounded interest on my inheritance.
Maybe that is what YOU would do, but I don't park my brain at the door. No lemming am I.