[ale] OT: Mortgage and Privacy?

[Dylan Northrup]

A long time ago, (06.01.04), in a galaxy far, far away, Preston Boyington wrote:

:=> -----Original Message-----
:=> From: Brian J. Dowd
:=> 
:=> Just buy your house for cash.
:=> Be sure to take out <$10K a day from your accounts.
:=> :-)
:=
:=actually this is what i am planning on doing for my next house.  i know of a
:=couple that bought a house and placed 60% down then financed the rest over
:=5-7 years, like a new car payment.

I'm in the process of buying a house right now and the prospect of actually
having 60% of the buying price would mean I'm in a wonderful alternate
reality where the two .com companies I worked for actually went like they
should have and I had over $100k in the bank.

Paraphrasing Ferris Bueler, "I love buying that way. . . it's so choice.  I
highly recommend going that route, if you have the means."

Maybe in another 20 years when I've had time to build up equity in this
house, have investments that haven't just taken a huge crap a couple of
years ago and have saved up a reasonable nest egg.  I'd wager that covers a
very small percentage of the ALE crowd.

:=hopefully i won't be moving anytime soon and will have enough time to save
:=up a bit more.  so far Dave Ramsey's philosophy has worked better for us
:=than any other plan.  i like being debt-free (except for the house,
:=currently) and don't see me going over my head again.
:=
:=amazing what "company restructuring" will do for your outlook...

Working towards that myself.  Once the car is paid off, we'll just have the
house payment.  Debt free living is the goal and I'm sure I'll be able to
get there in the next year or two.

-- 
Dylan Northrup <*> docx at io.com <*> http://www.io.com/~docx/
"Harder to work, harder to strive, hard to be glad to be alive, but it's 
 really worth it if you give it a try." -- Cowboy Mouth, 'Easy'