Comment: I'm in the process of selling a rental home now. my take..

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I'm in the process of selling a rental home now. my take..

If you have cash and interest rates are high, it's a great time to buy a home. If you are going to spend 15-30 years of your life paying for that house, with a ridiculous mortgage (more than 2000-2500/mo), right now prices are up 10-15% in some areas, so you're trading higher debt vs. lower monthly payment.

I live in an older double-wide mobile home right now on a large parcel with the wife and kids that might have 10 years left on it (subflooring is particle board, no ac) and I probably won't build a home unless I can at least pay 50% cash for it, or build something around 1200 sq feet and add another 1000 sq feet to it over time. We owe around $100k on it with an affordable mortgage, kind of depressing but that's the way it is.

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Peace, Freedom and Prosperity. Not War, Welfare and Bankruptcy.

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