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Message Subject Just curious......... what % interest do you pay on your mortgage?
Poster Handle Anonymous Coward
Post Content
0%. I purchased my house with cash.

Why buy something with a loan and pay interest?

Same goes for our cars.

If you can afford the house payment,save the money and just buy one outright that you can afford.

Or....live forever in debt.

Simple choice really.
 Quoting: Anonymous Coward 10309673


one question where do we live for free to save that house payment each month.most of us have to pay rent or lease or whatever.not like we can save a house payment and make a rent payment to.well unless we can live in mommy's basement till we are 40 rent free.
its easy to pay cash if you have money or no expenses.
 Quoting: Anonymous Coward 8680975


Live below your means.You can afford $1000.00 a month in rent,then find a place for $500.00.Of course by design this is getting much harder to do.Rents will only go up as less and less people can even qualify to get a mortgage loan.

It took my wife and I 5 years to save enough to buy our house.Saving 100% of her income,and as much as mine as possible.It was tough,but I do not regret it at all now.Solo it would have been even harder and taken longer for sure.It can be done though.

We are not and where not rich.Hell we probably do not even fall into the middle class(Last year we made 52k combined).But because we have 0 debt we live a pretty care free life at this point.
 Quoting: Anonymous Coward 10309673


Your housing must be cheaper than ours. To buy even a small, basic house on the outskirts of any city here you would need to save 60K per year which is more than your combined income. Add another 15K per year for rent & thousand upon thousand for food, utilities etc etc & you get the picture.
 
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