Confessions of one sahm
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Confessions of one sahm
| Fri, 04-03-2009 - 1:58pm |
I've been thinking about this *debate* lately, and I think that many of my
| Fri, 04-03-2009 - 1:58pm |
I've been thinking about this *debate* lately, and I think that many of my
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It matters what your home is worth if you plan on selling it and using that money toward financing your retirement. That is what my mother did. She bought a home in the 1970s for about 13k (hard to believe now, and sold it for about 150K, and used some of the money she made to make her retirement easier.
As to what "most people" will do, I have no clue.
Edited 7/5/2009 3:28 pm ET by bordwithyou
Sounds like you an amilla are "assuming" others will do the same though.
13K doesn't seem hard to believe as my parents paid $28K for their house in the early 70's.
No, you can't assume you WON'T ever sell your house so it could by your biggest asset.
What about renters? You never answered that question :)
Which post?
Yes, I still believe that your home could be your biggest asset.
I believe that your home "could be" your biggest asset, and for some people, it is. I just don't see how that is smart.
BTW, I answered yr question about renters in post 2827.
Edited 7/5/2009 3:52 pm ET by bordwithyou
How what is smart? To own a home? To have something that is worth alot of money?
Again, how do renters figure out what they should have?
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