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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
CRF450 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-12-08 03:32 AM
Response to Reply #65
74. Details...
I inherited a good bit of money from a close family member, not alot though at $30k (split up among other family members who also got 30k) and used that as a down payment for a $200k 1800sq/ft house sitting on 2 acres. Theirs several more acres I could play with cause the people that owned it and two torn up trailer houses (they once lived in) next to mine just up and left, and havent said anything to anyone around here for 8+ years. Which is great since I own a dirtbike and have room to play with that. It is of course, out in the country 1/4 mile from the road next to a long stretched driveway, so no neighbors to deal with, I'm practically surrounded by farm fields :) I'm surrounded by rednecks here but they dont concern me at all since I'v lived in this area all my life. 2 vehicles I have, 01 Trans Am, and an 04 Dodge Dakota already paid off, and combined insurance rate of $800/six months with good driving record, $5k home theatre entertainment system, $2000 computer (yes I'm a little bit of a techy geek), $5500 dirtbike (just got it Monday). Most of that stuff I got before I bought the house!

My house is on the left. If you notice those pine trees are lined up, they are planted . They've been planted their I'm guessing 20+ years ago, I got my own little dirtbike trail in their BTW.

Wanna know how I do it? Know people! If you wanna good paying/ or just good job, alot of times you have to know people cause then they can hook you up with a good job! My aunt went to cleaning pools and hot-tubs at the beach, I helped her most of that first summer and then later on I got my own route to take car of. I'v worked tons of construction jobs before that starting at 14 years old making almost $500/week under that table durring summer and then a part time job durring school, and I saved almost every bit of that money!

And then I got the inheritance last year. Well, my friend and his parents were moving out of that house to go back to Tennessee, and since my current job is paying me enough to afford it, I took that chance to finance it!

If your son can afford a house he should go for it! I been told several times that its a good investment and builds up credit, but then if the monthly payments are not affordable for him, then whats the point? On the same note, a decent place can be rented for the same amount which in a way it makes owning a house sorta pointless especially when you dont have the financial burnden of owning a house. But I chose to own a house so I wont be controlled by anyone except making those payments, plus the location its in.
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