Saturday, July 22, 2006
Words of an idiot:
Roger Schlesinger, an investment “expert”, says, “Suffice to say I can't stop the insanity but you can. You can end it for yourself by learning and understanding the power of home financing to get you out of the maze and on your way to financial freedom. At this point, someone always states they pay cash for everything. Unless you were born wealthy or won the lottery at a young age, you didn't buy your house with cash. You can use your house, however, to head yourself in the direction of being a cash buyer within a decade or two.”
Why do I say he’s an idiot? We paid cash for our home. We know other people who paid cash for their homes. You don’t start out by buying a house with debt and then work your way out of it,"within a decade or two". You start by buying a rat hole of a house or mobile home and improving on it to sell it for a better price. (Yes, even mobile homes can appreciate in value if you treat them right.)
Roger Schlesinger, an investment “expert”, says, “Suffice to say I can't stop the insanity but you can. You can end it for yourself by learning and understanding the power of home financing to get you out of the maze and on your way to financial freedom. At this point, someone always states they pay cash for everything. Unless you were born wealthy or won the lottery at a young age, you didn't buy your house with cash. You can use your house, however, to head yourself in the direction of being a cash buyer within a decade or two.”
Why do I say he’s an idiot? We paid cash for our home. We know other people who paid cash for their homes. You don’t start out by buying a house with debt and then work your way out of it,"within a decade or two". You start by buying a rat hole of a house or mobile home and improving on it to sell it for a better price. (Yes, even mobile homes can appreciate in value if you treat them right.)
# posted by JEB : 5:04 PM
