They can be or they can be paid through “escrow” and your mortgage servicer will pay them.
Usually sites like these want to show total monthly cost though, so they tend to include estimates for property taxes and insurance in the monthly payments. Whether it gets paid through your mortgage servicer or directly by you doesn’t change much.
If you have a mortgage, 99/100 the bank is going to make you pay into escrow for insurance and taxes.
This is just a simple online mortgage calculator so it’s not factoring in that you could just pay those yourself if you’re paying all cash for the house.
It can be paid directly by you, or it can be held “in escrow” and paid by your lender. Ultimately it doesn’t make a difference financially, but it does mean logistically you either are paying one bill vs 3+.
It also comes at the risk that your lender fucking up could result in, best case scenario, a paperwork nightmare and maybe a small fee with your insurance/county/whatever, worst case scenario, the cancellation of a policy you may or may not be able to get back into easily.
Online calculators almost always include, or have an option to include, these costs. In part it’s because that’s the number the bank will use to determine what you qualify for. Makes it much easier to say, “here’s your monthly obligation” and compare that to you monthly income, instead of “here’s your monthly obligation, and here’s your twice-a-year tax obligation.”
Liquidity Risk: Paying in full ties up a large amount of capital in one asset, reducing financial flexibility and liquidity.
Opportunity Cost: The capital used for a lump sum payment could potentially yield higher returns if invested elsewhere. Although, at current rates that is probably unlikely.
Leverage: Mortgages allow for leverage, where you can control a large asset with a smaller initial investment.
Interest Rates: With historically low interest rates, financing can be more cost-effective than using cash. This is currently not true.
Diversification: Investing the money in a diversified portfolio can reduce risk compared to putting it all in a single property. See Leverage.
Tax Benefits: Mortgage interest payments can often be tax-deductible, which is not applicable when buying outright.
Ah, so it depends if you want to buy a house so you have somewhere safe to live that you can’t be evicted from, or whether you want to use it to destroy society for your own immoral personal profit?
[Edit] Sorry, I’m probably being a bit severe there
Because if you have several hundred thousand dollars laying around to pay in cash, you’re better off investing that into an index fund which will have a higher rate of return than the interest on the mortgage.
If you have $500k and want to buy a $500k house, you could pay the entire $500k down and own the house free and clear, but you would only gain the appreciation on the house if you ever sell it. Assuming doubling in value every 10 years it should be worth $4M after 30 years.
If you had $500k and took out a mortgage of $400k, at the national average of 7% and 30 years, you would pay a total $1,033,654. If you took the other $400k you had and put it in just the S&P 500 which has averaged right at 10% annually, and left it there, you would end up with $6,979,760 in that fund at the end of the 30 years.
So you would come out ahead by about $4 million at the end if you took the mortgage and invested the cash.
Always good to know what you are worth and keep interviewing skills sharp. But yeah, you could wait years for a promotion (more responsibilities!) and it only be 10% whereas a lateral move at a new company could be higher pay for the same type/amount of work. Crazy, right?
I remember my mom found this one in the clearance bin when I was a kid! It was the only Tengen cartridge I had and it was so odd looking next to the other games on the shelf lol
I have no conceptual problem as a cishet man with wearing skirts, but I’ve worn drag on stage in high school and it was sort of hard to stop flashing people my underwear at various points and that would be all I would think about if I wore a skirt now.
So this is off topic, but why (well except maybe Scrooged) haven't there been truly scary versions of "A Christmas Carol?" With the muppets you know what you to expect, and the version with Alistair Sim had a very frightening ghost of Jacob Marley. To me it cries out for a real fever dream treatment, make it as dark as possible. (Well except for the Tiny Tim scenes, obviously).
Well being dark doesn’t automatically make something a horror story to be fair, does it have horror elements or presentation? Like does it try to frighten or at least unnerve the audience purposefully?
The original, and many adaptations, use morality to show the horror.nthere is no abject and outright scary shit except for the ghost of Marley who was deliberately scary to Scrooge. But even Marley was soon shown to be a miser in chains who is more grumpy than scary and there’s no way to fix that because he’s a ghost who has to tell Scrooge what’s happening. Michael Myers and Jason Vorhees are scary because they say nothing. Having a ghost give a message instantly undercuts the terror.
I disagree about your last point. Talking ghosts can absolutely be scary if it’s done right. The Exorcist demon is pretty famous for both frightening people and never shutting up, and demons and ghosts often serve similar purposes in horror movies. It could have easily been framed as a ghost possession instead of a demonic possession.
it’s that voice in the back that’s always there, but waits for a quiet moment to suggest crazy shit. I liken it to very very mild, controlled tourette’s - random impulses that shouldn’t even raise to the level of conscious thought but for whatever reason slip through the ‘noise’ filter.
It definitely is crazy shit, not always self harm. For whatever reason I always get it when I see nice cars, my brain immediately goes to “kick the headlights!” and then I cringe when I imagine it actually happening, it’s so odd because the desire pops up but my reaction to it is disgust or “pain” like I definitely don’t want to do it.
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