Home The Playground General Discussion

Do you rather have $50k or free house with no mortgage?


POST A REPLY
 
Page 2 of 4 1 2 3 4
Thread Tools Search this Thread
Mar 8, 2012, 9:16am   #16
hunniesochic's Avatar
Dream.A.Little.Dream
Joined: May 2010
Posts: 23,214
No mortgage = more purse and shoes money! Hello!

Sent from my iPhone using PurseForum
Mar 8, 2012, 11:12pm   #17
Necromancer's Avatar
Member
Joined: Sep 2008
Location: 33°53'S,151°10'E
Posts: 21,237
Originally Posted by ecmf View Post
is this a trick question??

btw I pick no mortgage AND the 50k
Hahaha.

I'm lucky to be mortgage free, so I'll take the $50K thanks.
BTW, I think average house prices here are over $600K, so it'd be smart to grab the free house.
Mar 9, 2012, 11:34am   #18
Designer_Love's Avatar
Coach & LV Addict
Joined: Apr 2009
Location: USA
Posts: 3,778
ummm 50k it would be crazy not to take the money. However it would depend on what the house looks like, if it is a old junker...the money for sure. If it was brand new and looked classy than the house. However i'd just take the 50k and move to where i want to than use the rest to buy a home i'd actually want, which makes more sense to me than accepting a old nasty house i wouldn't even want just because it's free. For me to take something i actually have to like it, just because it's free don't mean it's great and I should take it.
Mar 9, 2012, 1:48pm   #19
CobaltBlu's Avatar
Joined: Oct 2006
Location: Amazeball Atelier
Posts: 36,970
Wait, will you be the owners of the house, or just allowed to live there?

I need more info.
Mar 9, 2012, 6:40pm   #20
r
Member
Joined: Mar 2012
Location: Home Sweet Home
Posts: 60
no mortgage
Mar 10, 2012, 9:59am   #21
SmallFluffyDog's Avatar
Member
Joined: Sep 2011
Location: Europe
Posts: 197
No mortgage!
Mar 10, 2012, 11:25am   #22
frick&frack's Avatar
Oklahoma Strong
Joined: Jan 2009
Location: SoFla (Ft Lauderdale)
Posts: 85,695
Free house no mortgage
Mar 10, 2012, 1:32pm   #23
Junkenpo's Avatar
rockpaperscissorsGO!
Joined: Jan 2007
Location: You wish you were here!
Posts: 5,364
It depends on where the house is and in what shape the house is in.

If it is a fixer-upper in a bad neighborhood, I would rather take the money.

If it is a fixer-upper in a decent (or better) neighborhood and the cost of fixing is less than the cost current market, then I would take the house.

But of course, this is assuming the house is on the same island I live on.
Mar 10, 2012, 2:22pm   #24
jadise's Avatar
Member
Joined: Jun 2009
Location: Finland
Posts: 1,090
free house
Mar 10, 2012, 4:28pm   #25
inpermafrost's Avatar
Member
Joined: Jan 2012
Location: Nebraska
Posts: 87
Free house no mortgage. A place to live is always a good thing.
Mar 10, 2012, 4:34pm   #26
ecmf's Avatar
Member
Joined: Dec 2008
Location: ~out and about~
Posts: 13,703
Originally Posted by Necromancer View Post
Hahaha.

I'm lucky to be mortgage free, so I'll take the $50K thanks.
BTW, I think average house prices here are over $600K, so it'd be smart to grab the free house.
necro, have you checked out house prices in the states?? if I sold my house I could get a mortgage free house in the states and have 50k left over hahaha. darn Australia is so expensive.
Mar 10, 2012, 9:40pm   #27
Necromancer's Avatar
Member
Joined: Sep 2008
Location: 33°53'S,151°10'E
Posts: 21,237
^ Em, it is so expensive here. We could both buy a bigger house too for the prices they have in the States. That whole global financial crisis missed Australia - I was waiting to grab a bit of a bargain, and waited and waited for prices to fall, but it didn't happen. I swear prices actually went up.
Mar 13, 2012, 1:43am   #28
Lzamare's Avatar
Member
Joined: Oct 2008
Posts: 574
Free house, no mortgage
Mar 13, 2012, 2:50pm   #29
yellow08's Avatar
Gone fishing...
Joined: Jul 2007
Posts: 1,805
Free house...
Mar 13, 2012, 4:09pm   #30
J
Member
Joined: Jan 2012
Posts: 2,416
No mortgage. No such thing as a free house.
POST A REPLY
  HOME The Playground General Discussion  
TOP
Page 2 of 4 1 2 3 4

« Previous Thread | Next Thread »
Thread Tools Search this Thread
Search this Thread:

Advanced Search