B a r r y said:

Odinn wrote:

That's why I live 50 miles out from such an area. My house payments and
taxes are so much less, that the extra fuel I spend driving to work is
less than 1/10 the savings. By having a $100k mortgage (doublewide
trailer and 5 acres of land) instead of a $250k or better mortgage, I
can afford to own a fairly new pickemup, a new car, a new Harley.

But you own a home that depreciates...

Well, if you've seen the crap they throw up in the metro area that he
is avoiding (I live there), you would realize that his land is the
major investment. The cracker box "investment" house won't last much
more than 20 years, or just till it's about paid off. And the
remaining 1/6 acre lot is worthless. (To me, anyway...)
It's a banker/broker's wet dream. I'm with Odinn on this one...


Greg G.