It is a broadly true statement, but there are caveats that I should disclose.I DID have a mortgage when I was single, before getting married. We sold that house a few months after getting married so technically, in our marriage, I paid about 6 months on the mortgage I took out in my own name.Originally Posted by catherine
Secondly, we borrowed about $10,000 from my parents at no interest early in our marriage to buy the house we are in now, as a bridge loan while DH’s investments reorganized and we could get at his cash. So yeah, having family money st no interest is a big advantage and allows me to make this statement of never being a slave to interest.
Keep in mind we are also in the Midwest where real estate is cheap, and cash buys are not all that unusual.
But generally it is true, we buy all houses and cars with cash, as well as everything else.
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