Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: eyeamok

How do you pay cash for a house? How does a family with regular incomes save enough to pay cash?


12 posted on 11/27/2011 8:06:50 PM PST by svcw (God's Grace - thank you!)
[ Post Reply | Private Reply | To 10 | View Replies ]


To: svcw

Live beneath your means, rent a very cheap place and save the difference or double up with family and save the difference. You’ll have paid an amount equal to the original purchase price of the home before 15 years of a 30 year note is done anyway.

So, you’ll be living in reduced circumstance for a decade or more, but being payment free for the duration of outright ownership in order to avoid 30 years of payments, the first decade of which is very heavily interest and little principal, and ultimately paying twice as much for it over time, more or less.

Deferred gratification, it’s the way things used to be done.


13 posted on 11/27/2011 8:20:57 PM PST by RegulatorCountry
[ Post Reply | Private Reply | To 12 | View Replies ]

To: svcw

By not going into DEBT in the first place and living within your means or cheaper. Something too many people don’t understand, especially politicians who believe it is their duty to ENSLAVE America’s children with DEBT.


35 posted on 11/28/2011 4:45:48 AM PST by eyeamok
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson