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Question about borrowing money
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<blockquote data-quote="backhoeboogie" data-source="post: 1042588" data-attributes="member: 3162"><p>Imagine all American's paying cash for everything. No one buys a house until they have the cash. They'd be paying rent for 40 years and the price of rent would be sky high because everyone else would be in the same boat. </p><p></p><p>House payments are cheaper than rent around here. If you pay 650 a month rent, that's nearly $8,000 a year thrown out. Most of the places I look at in my town for $650 a month are not something I would want to live in.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 1042588, member: 3162"] Imagine all American's paying cash for everything. No one buys a house until they have the cash. They'd be paying rent for 40 years and the price of rent would be sky high because everyone else would be in the same boat. House payments are cheaper than rent around here. If you pay 650 a month rent, that's nearly $8,000 a year thrown out. Most of the places I look at in my town for $650 a month are not something I would want to live in. [/QUOTE]
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