tag:blogger.com,1999:blog-3058454034873973455.post5682722646823090074..comments2023-05-20T06:01:23.893-05:00Comments on Goliath Debt, David Income: Weekend UpdateAnonymoushttp://www.blogger.com/profile/10614139009139917963noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3058454034873973455.post-15894134510554852972008-09-02T10:31:00.000-05:002008-09-02T10:31:00.000-05:00I'm glad you paid $500 to avoid a situation that c...I'm glad you paid $500 to avoid a situation that could have been much worse. I would just keep attacking your debt and get a feel for where you're at next year. The lenders and mortgage brokers don't want to touch anything with risk right now. If you decided to build a few years ago, they would give you whatever you wanted. Pay off debt and build EF, it's a better plan for getting where you want to be. Remember, renting is not a long term solution.<BR/><BR/>Regarding the previous post, there's a reason they are using other types of material. Depending on where you are at, the lightweight and foam materials make better insulation material which lowers the heating costs. New construction always has risks, but the major benefit is you know exactly what goes into the house. If you're buying an older house, you get to deal with its history and more than likely put even more money into it. Carpet, paint, etc are things that wear down and have to be replaced.Jim ~ mydebtblog.comhttps://www.blogger.com/profile/12831157334066115572noreply@blogger.comtag:blogger.com,1999:blog-3058454034873973455.post-54127571662773620242008-08-30T21:58:00.000-05:002008-08-30T21:58:00.000-05:00Dear Goliath Debt, have you discovered Millionaire...Dear Goliath Debt, have you discovered Millionaire Mommy Next Door yet? She doesn't think home ownership is the way to go. Here's one of her posts on it: http://preview.tinyurl.com/5slsdv<BR/><BR/>Her views make a lot of sense but are totally against the "American Dream" of home ownership. I hate renting though...<BR/><BR/>I personally would not choose to buy a brand new home for a few reasons. First, poor construction. They make them with chicken wire and styrofoam in our area, and people pay hundreds of thousands for that! Secondly, all the fumes and chemical smells that come with new construction, paint, carpeting, etc. that can detrimental to our health.Mrs. Accountabilityhttps://www.blogger.com/profile/00384288106804126815noreply@blogger.com