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To: ctdonath2

Obviously you live somewhere away from the big cities of the East or West coast.

There’s no way on God’s green earth you could ever save enough cash to buy a home in those areas unless you live with your parents and don’t pay rent. Or, conversely, make an insane amount of money.

Besides it’s stupid to pay cash for a house if you have money. Leave the money invested and earn more than you pay in interest.

Very few wealthy people buy their homes with cash, and there’s a reason. And by wealthy, I mean someone with a good income AND good asset balances, NOT high-income but living paycheck to paycheck.


57 posted on 09/14/2007 6:42:23 AM PDT by RockinRight (Moderation in temper is always a virtue; but moderation in principle is always a vice. -Thomas Paine)
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To: RockinRight

I just bought a house near Atlanta. I don’t make an insane amount of money.


73 posted on 09/14/2007 6:55:13 AM PDT by ctdonath2 (The color blue tastes like the square root of 0?)
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