Reply to Thread

Message:: [QUOTE="JoshuaP, post: 24896782, member: 114157"]Absolutely. My wife and I bought the house in February of 2020, which was barely pre-covid. The house was a reverse mortgage and sold cheaply at $80k, a small two bedroom house on five acres in Newport, Maine. While I had been preapproved for a mortgage at 2.75%, three individuals I knew heard about me going that route and offered to loan me the money interest free. That was a tremendous blessing, meaning all the money went straight on the house and not to the bank. We paid off our last friend in June of last year. We are thereby able to Airbnb our house to help with living costs while I am in school, plus the work I do on the side and during breaks. I am not going to an expensive school. Each semester is about $7,000 and I receive scholarships that mostly cover it. I pretty much just have living costs. I realize we have been incredibly blessed. I don't want to blow my own horn, but I believe that if you live within your means, work diligently, live honestly and with integrity, debt should not be the huge weight it is for many people. I understand different parts of the US will vary, and even in Maine the housing costs have greatly increased. I daresay our home is now worth around $160,000. My wife is an incredible saver, having been raised with very little, and I owe a lot to her.[/QUOTE]