Quote:
Originally Posted by FarmerFran
Simple example, how do you pay cash for a house? Live with your parents rent free? Win lottery? Pay rent and save for the house?
|
I haven't lived with my parents for 40 years. I bought a small house, fixed it up and sold it. Bought a little bigger house, fixed it up and sold it. Rinse, repeat over and over. On top of that, I haven't paid a penny in Capital Gains taxes.
People buy too much house, finance it for 30 years and are house poor. Nobody needs a McMansion.