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That ruled. :-)
Couldn't have done it if I hadn't had my "day job," though. Adsense was "extra" income for me, and the mortgage payments on this house were pretty low.
One of the UK's great Adsense success stories...house, marriage if I remember correctly, debt free and young!
Me, jealous? You bet:-)
Haha, take a pinch of determination, a bucket of patience, and a whole boatload of luck, and you end up married... :/
I swear she sings "50 percent, 50 percent, 50 percent and the house!" in her sleep :P
I asked this question because I don't see why I should pay installments on a house when I just buy it outright using adsense
One advantage to making payments on a home is to improve your credit rating. Here in the US there can be tax advantages as well.
You could still put down a big down payment and make payments on the remainder.
Who needs a credit rating when they own a house outright? You're obviously not a fan of Dave Ramsey.
Also, tax advantages are only on the interest. If you have no interest you have no tax advantages. Still, paying $20000 in interest will not save you $20000 in taxes. Therefore it is still better to own than to borrow.
Adsense enabled me to make a large down payment on a home in the country...house and four large lots.
Had a few trees chopped down (pines) and waiting to pay cash for other pines downed and a chainlink fence. :)
Ann that's cool! I wouldn't mind buying some massive acreage at the lake with a nice pad and of course some boats to go along with it.
This autumn I'll be debt free finally, then I'll start saving AS cash for a house.
24, married and in good health. :)
I remember someone trying to drill into me at one point that a house wasn't an asset.
It looks good on paper, and at first it felt good not be throwing rent away, but now I'm throwing *more* cash away on higher utilities, upkeep, property tax, etc. And that's if the value holds.
I read a couple of posts where someone bought a car. I did the car thing before the house -- brand new german ride in cash. It felt good. Now, 14 months later, it's worth $15k less and still costs over $500 a month to insure.
If I had it to do again, I would have bought a cheap car, kept renting, and pumped more cash into projects.