putting the "morte" into mortgagervrjoe775August 4 2005, 20:36:17 UTC
Mortgages probably aren't what they used to be. In our transitive society, many people buy homes not ever intending to pay off the mortgage, and are often encouraged not to do so because of the tax benefits. So people use their equity (rising real estate prices works both ways) to trade up to a larger home and still have a mortgage similar to where they started, but hopefully more income. If you can afford the jump to a mortgage and will stay at least a couple years, it's definitely works as an investment compared to the expense of renting
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well, I wouldn't look at it like that. what does debt mean? what is money anyway? bits of paper. that's all... when my Jeffrey died, I was struck by the fact that he'd wasted too much time worrying about debt. he should have enjoyed the time he had to the absolute fullest, and ...hell, let someone else pay it off. wheeeeeeeeeee! heh...just kidding...sorta
Darling - that's how people like me make money... Don't give the game away. Generally speaking, the safest investment you could ever make is property - Stocks are likely to plummet eventually - property goes in cycles. Whenever it drops in value - that just means it's going to go up again soon :) Besides - it's a better investment than paying rent for the rest of your life - now that's throwing money down the pan...
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what does debt mean? what is money anyway? bits of paper. that's all...
when my Jeffrey died, I was struck by the fact that he'd wasted too much time worrying about debt. he should have enjoyed the time he had to the absolute fullest, and ...hell, let someone else pay it off.
wheeeeeeeeeee! heh...just kidding...sorta
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Generally speaking, the safest investment you could ever make is property - Stocks are likely to plummet eventually - property goes in cycles. Whenever it drops in value - that just means it's going to go up again soon :)
Besides - it's a better investment than paying rent for the rest of your life - now that's throwing money down the pan...
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