How much is your Long Island mortgage? (middle-class, house)

[FrmlyBklyn]

Talking about the 1%, middle class et al, in a previous thread The "1%", middle class, Long Island and elsewhere has led to this informal poll.

[Gpsma]

Mortgages are only for the little people.

[ovi8]

Originally Posted by Gpsma

Mortgages are only for the little people.

Well we know you already grew old... now you're telling us you grew up? Staggering.

[rocafeller05]

With or without taxes?

[OhBeeHave]

Originally Posted by rocafeller05

With or without taxes?

I assumed it was without taxes only because the first option is 'no mortgage'.

I am in the $500-$999 group.

[Lightning0706]

I voted without taxes (since OBH makes sense on that one) as 1000-1500.

[kmrlongisland]

No mortgage. Finally paid it off last year. My brother the "financial genius" says I should have one lest my assets are not "working" for me.

[Gpsma]

Originally Posted by kmrlongisland

No mortgage. Finally paid it off last year. My brother the "financial genius" says I should have one lest my assets are not "working" for me.

And therein lies the problem of the past 5 years...those who believed their house was a financial asset to leverage instead of a place to call home.

[ovi8]

voted WITH taxes since it's paid in there at the same time. Should clarify in the poll question or the results are useless...

[OhBeeHave]

Originally Posted by rh71

voted WITH taxes since it's paid in there at the same time. Should clarify in the poll question or the results are useless...

There will always be taxes with or without the mortgage. There's an option which reads 'no mortgage', so it's a safe assumption that it means P&I without taxes.