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Re: Looking back on interest rates!!!


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Posted by Farmall43 on March 10, 2016 at 07:34:57 from (104.7.17.112):

In Reply to: Looking back on interest rates!!! posted by JD Seller on March 09, 2016 at 16:27:21:

I have never had to pay interest. I have never had a mortgage. I did not buy my first house until I was 32 yrs old. Unless you count the trailer home and I bought that at 27. I saved everything I could and bought the first house for 35,000 as a foreclosure. Cash sale and put another 25k into it to make it nice. I sold it at a 32k profit after 5 yrs. I bought my current house for 32k also a foreclosure. I put another 40k into it to make it nice. I had it appraised last year and it came in at 161k. I think it is time to start looking for the next foreclosure. I do not like loans. I do not have a credit card and I am frugal as they come. I do not believe in credit. I am now 41 yrs old and have no debt. My house is 2500 sqft on 2.5 acres with a pole barn. If I take what I have in the bank and sell this house I could have almost a quarter mil to buy the next one. If more people would live with-in their means and save money instead of buying dumb stuff we would be far better off than we are now.


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