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To: nufsed
You pay on the price side or the interest side. This is a time when both are low.

I am saving money now. When I buy, I will buy in cash, and avoid interest. When I sell, I can either sell outright, or if the interest rate is high, owner finance, and take the high interest.

62 posted on 09/18/2009 7:37:32 PM PDT by Vince Ferrer
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To: Vince Ferrer
Paying of a house or paying all cash is not a very good idea for most people, if they just understood how money works.

Equity is not very liquid. It's not safe. Any you may not be able to take it out if and when you need it. You can invest the money in a conservative fund with no loss of principle and after some years have enough money to pay off your loan and still have your initial investment. But that's another topic.

63 posted on 09/18/2009 7:42:24 PM PDT by nufsed (Release the birth certificate, passport, and school records.)
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