(September 9, 2017 at 9:01 pm)chimp3 Wrote: If it was me and I had the money on hand to repair...no interest loans ...and I could stay some where for under $2000 a year I would opt for that. IMHO!

I get that, but it isn't a matter of low interest loans, but long term risk. If you take a loan and something goes wrong you are fucked, whereas if you pay the bill up front, nobody can come after you.

(September 9, 2017 at 9:05 pm)Brian37 Wrote:

(September 9, 2017 at 9:01 pm)chimp3 Wrote: If it was me and I had the money on hand to repair...no interest loans ...and I could stay some where for under $2000 a year I would opt for that. IMHO!

I get that, but it isn't a matter of low interest loans, but long term risk. If you take a loan and something goes wrong you are fucked, whereas if you pay the bill up front, nobody can come after you.

That is also a valid  consideration! No expert here. I have bought and sold six homes. Gained on four, lost a bit on two. Good luck !

(September 9, 2017 at 9:09 pm)chimp3 Wrote:

(September 9, 2017 at 9:05 pm)Brian37 Wrote: I get that, but it isn't a matter of low interest loans, but long term risk. If you take a loan and something goes wrong you are fucked, whereas if you pay the bill up front, nobody can come after you.

That is also a valid  consideration! No expert here. I have bought and sold six homes. Gained on four, lost a bit on two. Good luck !

You just brought up a reality I think most don't want to face. Humans like to gloss over "investments" in homes or the stock market as safe, and the truth is just like Vegas, it is always a gamble.

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(September 9, 2017 at 9:16 pm)Brian37 Wrote:

(September 9, 2017 at 9:09 pm)chimp3 Wrote: That is also a valid  consideration! No expert here. I have bought and sold six homes. Gained on four, lost a bit on two. Good luck !

You just brought up a reality I think most don't want to face. Humans like to gloss over "investments" in homes or the stock market as safe, and the truth is just like Vegas, it is always a gamble.

The current lending risk is not to the benefit of the borrower, but the risk of the borrower borrowing from a predatory lender. 

Our economy would be far better if it were based on livable wages, and loans were not based on preying on those who cant afford them. Today's loaning to the middle class and poor isn't about improving lives, but creating indentured slaves. 

Look at QVC and Home Shopping Network, they put everyday items of "easy pay" or "flex pay" for the smallest items. That is how absurd the top is becoming with price. Willing to nickle and dime you over even basic needs.