File APIs for Java Developers
Manipulate DOC, XLS, PPT, PDF and many others from your application.
http://aspose.com/file-tools
  • Post Reply
  • Bookmark Topic Watch Topic
  • New Topic

mortgage free

 
paul wheaton
Trailboss
Pie
Posts: 21187
Firefox Browser IntelliJ IDE Java
  • 0
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
I have read a book that talks about living humbly for a few years, saving up your money and then buying some bare land outright with some money left over. Then build some tiny shack on that land and live there. Humbly. Continue to work .... rather than paying a mortgage, save up your funds and then add on to your shack (or build something new - larger, but not big). Repeat this every few years.

The book makes a powerful case of how you can end up with the same house and no mortgage much faster because you don't give hundreds of thousands of dollars to the bank in mortgage interest.

As a guy that longs to live in the country, this sort of idea really appeals to me.
 
Mark Spritzler
ranger
Sheriff
Posts: 17276
6
IntelliJ IDE Mac Spring
  • 0
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Yes, it works great, but not in Southern California,

The way it works here is you pay lots of money and you still get that small tiny shack.

Mark
 
Stan James
(instanceof Sidekick)
Ranch Hand
Posts: 8791
  • 0
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
I don't know if this is a midwest thing, but I remember seeing several basements with a temporary roof and a staircase up to ground level when I was young. The theory was to save up and build the rest one day. One guy I knew scrounged for deals and built up his inventory over many years. "Hey, I got this great doorknob for nearly nothing!" I have no idea how often this worked out because you can't really spot the finished ones.
 
Ulf Dittmer
Rancher
Pie
Posts: 42966
73
  • 0
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Originally posted by Stan James:
I don't know if this is a midwest thing, but I remember seeing several basements with a temporary roof and a staircase up to ground level when I was young.

Oh, that's for real then? I read about this in Tom Wolfes "I Am Charlotte Simmons", which is partly set in western North Carolina, and chalked it up to poetic license. There the reason for doing it was described as a lack of funds and credit.
 
I agree. Here's the link: http://aspose.com/file-tools
  • Post Reply
  • Bookmark Topic Watch Topic
  • New Topic