Drudge Retort: The Other Side of the News

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rightistrite

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Makes me laugh... my first home was 15.5%... the going rate... and I did it on a 5-year balloon owner carryback... the only way I could swing it... I refinanced it early on with an adjustable that topped out at 9% and bottomed at 6%... I was thrilled to get a loan like that... it stayed at 6% for 8 years until I sold it... Then I paid for my second house all cash... fixer-upper... my third all cash... "handyman's delight"... my fourth all cash... fixer-upper... and my final... "handyman's delight"... all cash.

They haven't been fancy...
Sometimes it felt like I settled for less... but I found myself in some surprisingly good zip codes... It took a little patience... a lot of shopping at Walmart and Dollar whatever... Home Depot and Lowes... thank the Goddess for Harbor Freight!

When I sense life is becoming unaffordable where I am... taxes, insurance etc... I start shopping elsewhere... and it takes a few years...not months... years... researching affordable... safe... areas and watching the market... while planning to stay in that home at least 10 years.

It seems to me people treat mortgages like lease agreements... then... when they decide to move... they are shocked when the rent goes up... their home won't give them the expected return after 5 years... There is no way in heaven or hell... I could afford to live like that!

Especially when job turnover rates are so high... smh...fp... omg

Youngun's are preached old-time homeownership values... when that world no longer exists.

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