Thanks; to me, you can buy a small house and build as you need it and avoid getting soaked in debt. Frankly put, this whole housing issue has contributed to the collapse of the economy.
I agree buy a small place and add on. That is what we will be looking at. Plus you have to plan these things, we have 1,2,3,5 years plans on projects. Plus we have to be flexible and watch our investments to maximize our money and not have to take out loans.
Contracts for deed can be helpful to those who are not wanting to take out a loan. We did this then sold some stock to pay off the whole thing so now it's free an clear. So what we would have been spending for mortgage or rent we can save until we decide what we want to do.
~Thanks; to me, you can buy a small house and build as you need it and avoid getting soaked in debt. Frankly put, this whole housing issue has contributed to the collapse of the economy.~
Bingo. I hate an idea to be indebted. If I can’t purchase a thing using existing assets, I’m simply moving along for a thing I can afford. I might lack an opulence of people who lives out of their means but I feel myself a free man, not a slave to a job, a bank etc.