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I have not been propertyless since I was twenty. Probably never will. But I made the decision long ago, having been through real estate booms and busts, the bulk of my net worth would always be elsewhere. It’s this one tenet of personal finance which has saved me. Instead of buying high, I bought modest. Rather than pile on debt, I scrambled out of it. I sold routinely to take profits and never put them back into real estate. And I don’t have granite countertops in the bunker (pictured above). But that’s me. I’m unconventional. Liquidity turns me on. I mention this because most people are so screwed. And real estate has done it. ...
I own a timeshare, but have only owned it for about 6 months. We're planning our first vacation with it in November. It's going to cost us $139 to go for a week (obviously, on top of the monthly price we pay). Next year, we're planning another. The biggest reason we got it was something the salesman said, and I agree wholeheartedly with: If you're already paying for it, it sorta forces you to take the vacation. That means you spend more time with your family/friends/whoever, doing things, instead of sitting at home, watching TV. Response from: Doug0 ... Read More
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