... As both a lender and then a Realtor with a combined Subj years experience I heartily disagree with that sentiment. If someone is that tight they shouldn't do it. Or maybe they should start off with a more modest place. Every budget should have some slack in it for unforeseen expenses like emergency repairs to home or bike etc.

I presume that no prepayment penalty is a good idea also.

In Russia unless 1e pays a premium for an open lender there will be prepayment penalties except for on the anniversary of when a term comes up for renewal. Lenders do allow prepayment of up to Subj% of the principal per year without penalty.

Most commercial lenders are 10+Subj years.

Are there tax incentives for keeping a not-necessarily-advantageous loan the way there are here?
A.(nswer)1: The interest paid on commercial lenders including those for rental properties is tax deductible against the revenue earned but interest on residential lenders on one's principal residence is not. However capital gains on the disposal of a principal residence is tax free as well.

And Yours A.?



... It is so cool that llama is spelled with 2 `l's, 2 'a`s and 2 'n's
--- GoldED+/W32-MINGW 1.1.5-b20120519 (Kubik 3.0)
* Origin: ˆá¯®«ì§ã©â¥ ¯®á㤮¬®¥ç­ãî ¬ è¨­ã ¯à¨ full § £à㧪¥. (2:5064/54.1315)

Hi, Denis! Recently you wrote in a message to All:

As both a lender and then a Realtor with a combined Subj
years experience I heartily disagree with that sentiment.

The original message in the COOKING echo said "45 years experience". Although I realize you are practising English by rewording stuff you have read elsewhere, I had to write down your subject heading before I was able to quote it back to you because "#.,9" doesn't makes sense to me... especially when you use it later to represent quite a different number.

In English we occasionally use nonsense characters to represent some profanity or coarse language which the reporter doesn't want to spell out, but the letter "x" is more often used WRT unspecified names & numbers.

A.(nswer)1: The interest paid on commercial lenders
including those for rental properties is tax deductible
against the revenue earned but interest on residential
lenders on one's principal residence is not. However
capital gains on the disposal of a principal residence
is tax free as well.

And Yours A.?

I gather a Canadian with 45 years of related experience has answered this question already. Personally, I'd take his word for it.... :-Q




--- timEd/386 1.10.y2k+
* Origin: Wits' End, Vancouver CANADA (1:153/716)

Although I realize you are practising English by rewording stuff you have read elsewhere, I had to write down your subject heading before I was able to quote it back to you because "#.,9" doesn't makes sense to me...

Excellent! You cracked the code. Now I understand what Denis is up to.
--- SBBSecho 3.11-Linux
* Origin: Halls of Valhalla =-= Happy Holidays (1:218/840)

Hi, Bob! Recently you wrote in a message to Ardith Hinton:

Although I realize you are practising English by rewording
stuff you have read elsewhere, I had to write down your
subject heading before I was able to quote it back to you
because "#.,9" doesn't makes sense to me...

Excellent! You cracked the code. Now I understand what
Denis is up to.

Glad to be of help... and I appreciate your input too. I very much enjoyed your comparison with training an AI robot. Perhaps the two of us can get some ideas across in situations where neither of us can do it alone. :-)




--- timEd/386 1.10.y2k+
* Origin: Wits' End, Vancouver CANADA (1:153/716)

Excellent! You cracked the code. Now I understand what
Denis is up to.

Glad to be of help... and I appreciate your input too. I very much enjoyed your comparison with training an AI robot. Perhaps the two of us can get some ideas across in situations where neither of us can do it alone. :-)

Maybe Denis needs to practice his introductory statements. :-)

Speaking of that, I noticed you always indent the first line of your paragraphs... something I haven't done since I handwrote my school assignments on lined paper. Very unusual in the digital age. An old habit? I still use two spaces after my punctuation, which is apparently not appropriate anymore.

Bob Roberts
--- SBBSecho 3.11-Linux
* Origin: Halls of Valhalla =-= Happy Holidays (1:218/840)

Hi, Bob! Recently you wrote in a message to Ardith Hinton:

Maybe Denis needs to practice his introductory
statements. :-)

Yes, from my POV it would be helpful if he indicated the source of the material & whether or not he'd like other folks to add corrections.... :-)

I noticed you always indent the first line of
your paragraphs... something I haven't done
since I handwrote my school assignments on lined
paper. Very unusual in the digital age.

That's how I was taught too. I gather it's considered "fussy & dated" in business nowadays, where a "sleek & modern" look is preferred (maybe because the employer can save a fraction of a cent each time the typist doesn't have to use the tab key). I hear it is generally not done in email either. However, I don't care what's fashionable & I'd much rather communicate in Fidonet.... :-)

An old habit?

Perhaps. But IMHO our ancestors knew things which we'd do well to pay attention to even if other folks think they know better.... :-)

I still use two spaces after my punctuation,

I still use two spaces at the end of a sentence because that's what my mother, i.e. the stenographer who was a stickler for detail, taught me to do... and because I realize as a teacher that if I don't distinguish between a period at the end of an abbreviation & a full stop at the end of a sentence some of my readers may find the interpretation more challenging than it needs to be.

which is apparently not appropriate anymore.

There's still a lot of controversy about that. If I use a text editor designed for programming I must find ways of persuading it to do what I want... to make my intentions clear to readers who aren't native speakers of English or are emotionally upset. To this end I often use "white space" in ways which are
... as Dallas just informed me... unacceptable in computer language. I find it annoying when programmers insist on "correcting" my spacing, but I see now that their priorities are very different from mine.

When I find myself at the mercy of programmers who don't understand my needs I do my best to tune into the computer's learning style... as I did years ago with a friend who seemed to like telling people he thought like a computer. With him I learned to put various complex ideas in point form & avoid metaphors he couldn't easily find in the dictionary. With his wife I also learned not to speculate as to whether (e.g.) Mrs. XXX might be having an affair with the milk man because she'd announce it to everyone else she knew as an established fact.

One of the difficulties I see re Fidonet is that although we're at the mercy of programmers they don't necessarily agree with one another. I know how to fill a line in such a way as to reassure QEdit I can be trusted not to leave an orphan character on the next... but other folks use different software. :-Q




--- timEd/386 1.10.y2k+
* Origin: Wits' End, Vancouver CANADA (1:153/716)