paul the original - 1/18/2019 14:00
coup - 1/18/2019 12:50
Bonpas - 1/18/2019 12:36 What good is having the FSA .........AT ALL?
If you have son that qualifies can save $21,000 year int cost on land loan vs paying 5%.
Does it really matter? In economics everything flows to a balance. With the Fsa programs saving everyone $21,000 a year, the land flows to cost that much more. If there was no FSA program, your son coulda bought the land a tad bit cheaper and been in the same situation. A program like that helps a bit for the first couple years it is out there; then the money all washes level and the program no longer helps anyone but I suppose land sellers
(tho they end up in their own money flows to level situations
) and school districts get to collect more property taxes costing all of us. I would say your son didn’t gain $21,000 a year, he is just playing the game to keep up with everyone else..... with no program there would be no market distortion, and everyone be in about the same place. Paul
BINGO, WE HAVE A WINNER