21 years ago I was a rookie ski-patroller at large ski area. I met a girl in bar, got very drunk and within a week I took her advice and bought the absolute worst
house on the access road. She, being the realtor, had to pick me up and take me to the closing...feeding me a
few tokes on the way to help my hangover. Sounds like a recipe for disaster! But she was not clueless like me.
When she took my $10,000 total savings, got a 30 yr.
$30,000 mortgage and closed on the house, I ended up with a mortgage of a little over $200/mo; less than any of my friends were paying in rent, and closer to work than anyone else could afford to live. The clincher was 2 years later when the town put in a sewer-plant and all the property on the access road became super valuable at a commercial level. Sold the place for a HUGE profit and bought a new home in a better town at
four times the value. The only thing I took of value from that first home was the stereo. I even left the water bed.
Come to think of it....I should look the lady up and thank her shouldn't I? What a deal.
house on the access road. She, being the realtor, had to pick me up and take me to the closing...feeding me a
few tokes on the way to help my hangover. Sounds like a recipe for disaster! But she was not clueless like me.
When she took my $10,000 total savings, got a 30 yr.
$30,000 mortgage and closed on the house, I ended up with a mortgage of a little over $200/mo; less than any of my friends were paying in rent, and closer to work than anyone else could afford to live. The clincher was 2 years later when the town put in a sewer-plant and all the property on the access road became super valuable at a commercial level. Sold the place for a HUGE profit and bought a new home in a better town at
four times the value. The only thing I took of value from that first home was the stereo. I even left the water bed.
Come to think of it....I should look the lady up and thank her shouldn't I? What a deal.