4 ms·
There's something strange with the math in general, and going from 29 years out to 30 specifically. I entered: Income: 100k, rent 1250, other expenses 1250. I
by ianferrel 14y ago
There's something strange with the math in general, and going from 29 years out to 30 specifically. I entered:
Income: 100k, rent 1250, other expenses 1250.
In year 29, the expenses on the owning side are $1,017k. Go to year 30, and they drop to $405k.
Also, I can't figure out where Net is calculated from. It seems like it should be Income + Home Equity - Expenses - Tax - Home Payments, but that doesn't add up.
This plus the fact that you assume non-home investments do no better than inflation makes this pretty questionable to me.
- philipcamilleri 14y ago@ianferrel -- thanks for pointing that out (I'll check what's happening in year 30 of the model). As for the interest rates on non-home investments, right now we are making an assumption (that cannot be changed). However, that will be configurable (at a fixed rate, or against a curve) very shortly. Please let me know if you have any other issues or comments/suggestions. thanks, Phil.
- mcarvin 14y agoIan, we'll take a look at your specific financial profile. I can say, that in each year, calculating your net wealth is the sum of over 90 line items (ie not simply income + home equity - expenses etc). In the future you'll be able to change the performance of non-home investments to match your view.