Comments on: The Money Pit: The Downfalls of Homeownership http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership Wed, 08 May 2013 13:26:47 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Sue http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership/comment-page-1#comment-6106 Sue Wed, 25 Feb 2009 21:59:16 +0000 http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership#comment-6106 Yes, I do agree! I say keep your house and find instant gratification in other areas. Your cheap renovations are a good way to get some inst.grat. Yes, I do agree! I say keep your house and find instant gratification in other areas.
Your cheap renovations are a good way to get some inst.grat.

]]> By: Mrs Money http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership/comment-page-1#comment-6094 Mrs Money Wed, 25 Feb 2009 20:51:02 +0000 http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership#comment-6094 Sue- I sometimes want instant gratification and I need to learn to be patient. I can't wait until we have no more mortgage! :) Sue- I sometimes want instant gratification and I need to learn to be patient. I can’t wait until we have no more mortgage! :)

]]> By: Sue http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership/comment-page-1#comment-6068 Sue Wed, 25 Feb 2009 03:46:15 +0000 http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership#comment-6068 Hang on to your biggest asset - your house. Now that I'm in my 50's it's wonderful to finally own a house (with my wonderful husband). Before I met him, 9 years ago, I almost owned my own humble little house in a country town. It needed work that I couldn't afford to get done, but it gave me the security of knowing I had an asset, even if it wasn't too flash. Eventually I rented it out and later sold it, which enabled us to buy a better place together. Why pay off someone else's mortgage by paying them rent, when you could pay off your own. One day you'll own it, which will make for a secure retirement. All things come to those who wait! Hang on to your biggest asset – your house. Now that I’m in my 50′s it’s wonderful to finally own a house (with my wonderful husband).

Before I met him, 9 years ago, I almost owned my own humble little house in a country town. It needed work that I couldn’t afford to get done, but it gave me the security of knowing I had an asset, even if it wasn’t too flash.

Eventually I rented it out and later sold it, which enabled us to buy a better place together.

Why pay off someone else’s mortgage by paying them rent, when you could pay off your own. One day you’ll own it, which will make for a secure retirement.

All things come to those who wait!

]]> By: MrsMoney http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership/comment-page-1#comment-505 MrsMoney Sat, 07 Jun 2008 16:29:34 +0000 http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership#comment-505 Grant, thanks for your words of inspiration! I know it will get easier as time goes by. It's nice to know I am not alone! :) Grant, thanks for your words of inspiration! I know it will get easier as time goes by. It’s nice to know I am not alone! :)

]]> By: When DIY Projects Turn Disaster: the Hardwood Floor Adventure | The Ultimate Money Blog http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership/comment-page-1#comment-486 When DIY Projects Turn Disaster: the Hardwood Floor Adventure | The Ultimate Money Blog Sun, 01 Jun 2008 15:52:49 +0000 http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership#comment-486 [...] since we moved into this house, I have been doing some sort of home improvement project. I’ve painted, replaced a windowsill, [...] [...] since we moved into this house, I have been doing some sort of home improvement project. I’ve painted, replaced a windowsill, [...]

]]> By: Grant http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership/comment-page-1#comment-481 Grant Thu, 29 May 2008 20:33:38 +0000 http://ultimatemoneyblog.com/the-money-pit-the-downfalls-of-homeownership#comment-481 Sometimes I regret buying... Actually I own two places, one that I rent out because I wasn't happy with the price I could get for selling it when I wanted to buy another place. I look at what my friends are paying for rent and think how nice it would be to have that extra money every month. I did get a great deal on both of my places, and I know that in the long run (5-15 years) I will definitely have been better off buying. It's just tough right now when all you are paying is interest every month. Sometimes I regret buying… Actually I own two places, one that I rent out because I wasn’t happy with the price I could get for selling it when I wanted to buy another place.

I look at what my friends are paying for rent and think how nice it would be to have that extra money every month.

I did get a great deal on both of my places, and I know that in the long run (5-15 years) I will definitely have been better off buying. It’s just tough right now when all you are paying is interest every month.

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