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Old 03-12-2007, 03:23 AM  
JimmiDean
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Join Date: Nov 2004
Location: Margarittaville
Posts: 3,433
If you can knock down the principle quick it can work out well.
we bought our home ten years ago for 240K houses on my street now sell for about 400 k
We paid the house of in the first eight years so it is know free and clear less taxes.
Sure beats paying rent, not to mention we are looking at building a new home in the 600k range. So its nice to have the 400k to start off with.
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