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red headed stranger
Joined: 12 Apr 2005
Location: Seoul
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 Posted: Thu Mar 30, 2006 8:27 am Post subject: |
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| skinhead wrote: |
| red headed stranger wrote: |
| skinhead wrote: |
| red headed stranger wrote: |
| $25k |
How much is that in British pounds? You're sexyredkid, aintcha? |
I'm not sexyredkid. |
More's the pity, but agreed on the house payoff. We'll negative gear our home while we're in Korea. Three to four good years should see us owners. That about right? |
Depending on where we live we will either buy outright or have such a large downpayment that paying off the mortgage will be trivial. |
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canuckistan
Mod Team
Joined: 17 Jun 2003
Location: Training future GS competitors.....
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| Posted: Thu Mar 30, 2006 12:21 pm Post subject: |
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| red headed stranger wrote: |
Being in Korea is a great way to make your dream of having a house a reality. Saving up a big chunk of change for a down payment will make you better off than many of the people your age back home.
Don't be jealous. Be patient. Most of my friends back home have "nice houses" that are a millstone around their neck. My wife and I have a house and a relatively large piece of land in our future. However, we are willing to delay the gratification. Saving up more than $25k a year while here in Korea is what will make it happen with a lot less pain |
Smart! A house is one of the best investments you an make and the biggest monthly expense....even better when the balance of the mortgage is a much smaller sneeze than the average first-timer takes on back home. |
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