On Thu, 06 Apr 2017 15:12:07 -0400, wrote:

On Thu, 6 Apr 2017 07:35:37 -0700 (PDT), DerbyDad03
wrote:

On Thursday, April 6, 2017 at 9:11:32 AM UTC-4, Leon wrote:
On 4/5/2017 10:35 PM, wrote:
Snip



I'm sure glad I'm not buying or selling in the current market. We were
looking 2 years ago but I'll put in stair lifts and stay in the house
we have for a lot less than just the real estate comissions involved
in changing houses - and there are no decent bungalows available for
what we are likely to get for our 2 story - and I refuse to deal with
a mortgage in retirement.


What's a mortgage? ;~)

A method used to raise cash at a low interest rate so that it can be invested
at a higher rate of return.

...and a sure-fire method of bankruptcy.

Possibly risky and something that has to be managed carefully, yes, but a
strategy used by wealthy people (and businesses) quite often.

Also of really poor people.

Lots of rich folks (and businesses) have mortgages that they could pay off
this afternoon if they wanted to.

Oh, hell, I could have done that some time back but why bother?
Grand dad bought 100 acre farm in '29 for something like $1200 with a
1 1/4% open mortgage and he never paid a cent of the principal 'till
he sold the farm in the mid sixties.