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Putting money into a house you'll presumably be able to live in rent-free once it's paid off may not be a drastically worse choice than putting your money into
by Cass 14y ago
Putting money into a house you'll presumably be able to live in rent-free once it's paid off may not be a drastically worse choice than putting your money into savings. Unless it was an impractically huge house, or otherwise somehow not a keeper, I wouldn't consider that a frivolous/non-frugal purchase.
- Dilan 14y agoYou could always take a mortgage out on the house, rent out the house and live in the van.
- sukuriant 14y agoOr rent out a room or two and live in the house.
- whyaduck 14y agoUnless he bought in 2006-2007. Still not frivolous...just a mistake.
- sliverstorm 14y ago"Mistake" implies the person should have known better. There are plenty of little guys who got trampled by the crash who did nothing wrong.