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My home cost $85,000, 3 bed, 2 bath, 1800 sq ft, bought it 4 years ago. Now it's worth about $115,000. Not a bad investment and most Americans could afford it. But people would rather live in more expensive areas that have more amenities. Sure I only make $40K a year, but that goes a long ways where I live. In fact I'll have my home paid off this year just before I turn 30.
Not everyone has family who can (or in my case wants to) make a loan. You're like early google janitors telling people that anyone can get rich.
No... saying if you want it bad enough you can find a way to own...
To this day I still have no cell phone, never lived in a home with cable and my TV is a 35 year old Zenith Console I got for fee and use rabbit ears with a converter box.
Never bought a cup of coffee or a drink at a bar...
In high school I started wrenching on cars... bought a 1968 Z28 and spent all my free time restoring it...
Please read my post where I said I sold my pride and joy car to a collector to raise money.
Never had a job with a pension/retirement... no one in my family has ever had such... we work until we drop...
Now, I have a god sister that went to work for Apple as a high school summer intern and her father told her to max out on everything stock plan/option she could... said she was living at home and didn't need the money and she listened... years later when she married and wanted to start a family she was able to cash out Apple stock to buy a home in Campbell... no college, just a hard worker that happened to be in the right place at the right time and was ready to work.
My home cost $85,000, 3 bed, 2 bath, 1800 sq ft, bought it 4 years ago. Now it's worth about $115,000. Not a bad investment and most Americans could afford it. But people would rather live in more expensive areas that have more amenities. Sure I only make $40K a year, but that goes a long ways where I live. In fact I'll have my home paid off this year just before I turn 30.
In my case it was the lenders, family and friends.
I could not qualify for a loan... turned down... not enough steady work and not long enough with employer.
I bought for cash the shack that was going to be torn down...
Spent my life savings and sold my classic car to make it happen.
I once tried to buy a shack that was going to be torn down. Seller wouldn't budge on price and the city tore it down. Dunno what the guy was thinking.
I ended up buying it for 35 cents on the dollar... it really was bad and I wanted no part of it.
The Realtor kept asking me questions as to what I would pay and over the course of an hour I shot out a figure... little did I know she was writing up a contract...
The next day she called to congratulate me on being a homeowner!!!
The home was listed with Realty World and they marketed their premier properties with a something they called "Real Scope"
At the national convention I learned they had made a presentation about the property I bought... it was called "Real Scum"
Pretty much sums it up... I was 22, energetic and eager to get on with life and owned my own home free and clear in the East Oakland...
I've posted pictures before so no point in posting again...
I ended up buying it for 35 cents on the dollar... it really was bad and I wanted no part of it.
The Realtor kept asking me questions as to what I would pay and over the course of an hour I shot out a figure... little did I know she was writing up a contract...
The next day she called to congratulate me on being a homeowner!!!
The home was listed with Realty World and they marketed their premier properties with a something they called "Real Scope"
At the national convention I learned they had made a presentation about the property I bought... it was called "Real Scum"
Pretty much sums it up... I was 22, energetic and eager to get on with life and owned my own home free and clear in the East Oakland...
I've posted pictures before so no point in posting again...
I call that putting your property under a macroscope.
Not everyone can afford a macroscope with 50' lenses.
It's a big World out there. Realty World can afford it.
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