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To: RussP
How did your buying a house keep you from going broke? How did it allow you to send your child to private school? And HOW on earth did it allow your wife to not work?

If you live in the house, it hasn't put any money into your pocket, no matter what its valuation is, vis-a-vis what you put into it as a down payment.

You keep talking about "feeling social pressure" and then bashing anyone and everyone who may have a diamond or many... none of whom have told you that YOU MUST BUY THEM. That "pressure" you feel is all in your own mind; it certainly isn't on this thread, except from you.

230 posted on 01/07/2007 6:02:32 PM PST by nopardons
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To: nopardons

"If you live in the house, it hasn't put any money into your pocket, no matter what its valuation is, vis-a-vis what you put into it as a down payment."

Now, *that* has to take the cake for the most clueless posts ever. You don't know the first thing about personal finances, do you.

First of all, have you ever heard of a home equity loan? Could that "put money in my pocket"? Secondly, has it not occurred to you that I would have to pay rent if I did not own a home? And let's not even get into tax benefits and retirement.


232 posted on 01/07/2007 6:14:56 PM PST by RussP
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