• 4 Posts
  • 128 Comments
Joined 1 year ago
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Cake day: June 13th, 2023

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  • Modern heat pumps work down to -30C, at which point the furnace supplements with electric heat which is built into the unit.

    My electricity costs dropped 50% over my builder-grade piece-of-shit electric furnace & AC unit – and I even increased from a 2 ton to a 2.5 ton system. The initial cost was about $12k, and it will take 8 to 10 years to break even, less if the cost electricity keeps increasing the way it has over the last 10 years.

    Also, you may not want A/C now, but you will shortly – heat waves are getting more severe each year.










  • Its advantage, strictly speaking, is that it is not correlated very much with stocks, bonds, real estate and other things people owe.

    Not that the bot made a mistake, but this is wrong…

    Gold drops like a rock when markets take a shit. It usually bounces back quickly – often before stocks recover, giving you a chance to buy cheap on the dip, and sell at a profit three months later, and pick up some of the stocks that haven’t recovered yet… But it VERY MUCH moves in sync with the market during times of crisis.






  • A HELoC doesn’t have strict repayment terms, and usually has a capped borrowing limit. My original mortgage was $200k. I paid it down to $100k over 10 years. I switched to a HELoC (the rate was about the same) and ended up with a $100k line of credit. I paid it down some more, and then received an inheritance, wiping out the balance completely. I lived mortgage free for a few months, then borrowed to invest in my non-registered savings, writing off the interest expense.





  • If your mortgage balance is low, it might make more sense to switch the whole thing to a HELoC. I switched when my mortgage fell below 50% of my original balance. It worked out for me because interest rates were low, and when I was down to about 30% of my original mortgage amount, I received an inheritance that mostly wiped it out, leaving me with a super-cheap line of credit that I used to borrow against so that I could invest.