Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "If you don't have a 15 year mortgage, you're living beyond your means?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous] People are smarter than you. They spend beyond their means on housing. That’s very smart. Homes are assets that appreciate in value. They spend the minimum on goods and services because they are depreciating assets. You do the opposite. You spend little on your house and overspend on depreciating cars, furniture and dinner plates. Not smart.[/quote] Hmmm… it’s smarter to overpay on a $500K loan by more than $111K? Sounds like OP is saving more than enough on interest payments to be able to afford spending a touch more on some household goods and services. Is it better to own a depreciating asset or to be burdened by a liability? I guess I would rather keep the $111K and spend some of it on travel than give it all away to a bank and receive nothing in return. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
