I watched this video tonight. If youve seen it, youll probably agree that Mike Montagne should have just been allowed to answer questions and not debate largely irrelevant arguments about planned obsolescence of light bulbs. Q1. Could someone explain how the life of a house is determined? For me 100 years for a new home is reasonable, with the principle paid down over the same term in a liners fashion. Q2. What happens if the house is 200 years old (common where I live)? Is one unable to create a promissory note to purchase the house or just some assessment be made to its likely lifespan? Q3. Who determines the sale price? So if I purchase the house in Yr0 for 100k and sell in Yr50 but want 200k for it, the buyer would be restricted to 50yr payments, I.e. the monthly outgoings would be 4x. Correct? Not judging, being open and hope for an answer. Thanks youtu.be/iBdkcyEA3Z8
Posted on: Thu, 22 Jan 2015 23:56:39 +0000