Posted by airstream on 5th of Aug 2010 at 02:36 pm
My wife and I last year decided to sell our expensive house in
the Bay area and move to Idaho and we paid cash for a beautiful
home that gives us a huge feeling of security. For me it is like
buying an annuity as rent on a comparable house up here would
be $2500 a month and I could not get that return on
400K to 500K in a safe investment if there is such a thing
anymore. You have to live somewhere so for me I love not
haveing to write a check each month to send to some bank. If
things get really rough in this economy we will have a place to
live. We are also debt free. I spent most of my life being a
debt slave but leverage does not work for you anymore
.
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A paid for house
An August Surprise from Obama?
Posted by airstream on 5th of Aug 2010 at 02:36 pm
My wife and I last year decided to sell our expensive house in the Bay area and move to Idaho and we paid cash for a beautiful home that gives us a huge feeling of security. For me it is like buying an annuity as rent on a comparable house up here would be $2500 a month and I could not get that return on 400K to 500K in a safe investment if there is such a thing anymore. You have to live somewhere so for me I love not haveing to write a check each month to send to some bank. If things get really rough in this economy we will have a place to live. We are also debt free. I spent most of my life being a debt slave but leverage does not work for you anymore .