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

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Mar 8, 2012, 10:16am   #16
hunniesochic's Avatar
hunniesochic
Dream.A.Little.Dream
No mortgage = more purse and shoes money! Hello!

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Mar 9, 2012, 12:12am   #17
Necromancer's Avatar
Necromancer
Member
Originally Posted by ecmf
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, 12:34pm   #18
Designer_Love's Avatar
Designer_Love
Coach & LV Addict
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, 2:48pm   #19
CobaltBlu's Avatar
CobaltBlu
Wait, will you be the owners of the house, or just allowed to live there?

I need more info.
Mar 9, 2012, 7:40pm   #20
r
redlove28
Member
no mortgage
Mar 10, 2012, 10:59am   #21
SmallFluffyDog's Avatar
SmallFluffyDog
Member
No mortgage!
Mar 10, 2012, 12:25pm   #22
frick&frack's Avatar
frick&frack
Merry Christmas
Free house no mortgage
Mar 10, 2012, 2:32pm   #23
Junkenpo's Avatar
Junkenpo
CHOOSE KINDNESS
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, 3:22pm   #24
jadise's Avatar
jadise
Member
free house
Mar 10, 2012, 5:28pm   #25
inpermafrost's Avatar
inpermafrost
Member
Free house no mortgage. A place to live is always a good thing.
Mar 10, 2012, 5:34pm   #26
ecmf's Avatar
ecmf
Member
Originally Posted by Necromancer
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, 10:40pm   #27
Necromancer's Avatar
Necromancer
Member
^ 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, 2:43am   #28
Lzamare's Avatar
Lzamare
Member
Free house, no mortgage
Mar 13, 2012, 3:50pm   #29
yellow08's Avatar
yellow08
Gone fishing...
Free house...
Mar 13, 2012, 5:09pm   #30
J
Jesssh
Member
No mortgage. No such thing as a free house.
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