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Monday, April 30, 2012
Learning from Students: Pay Cash for Your House
Even though I am about to have a meltdown from overwork, late papers, and crazy students, I love to teach. And sometimes I even learn stuff from THEM. Today, I inquired of my class about how much I should spend on a wedding gift for a young fellow I've known for...his whole life. Then I asked my sweet student who is about to marry her junior high school boyfriend what her plans were. She said: We're going to live in a trailer.WHAT???? For five years only.WHYYYYYYYYYYYYYYY????
So we can buy a house for cash after five years. I don't like debt.
This girl has a 4.0 in her academic work. Also a 4.0 in frugality. Wow.
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5 comments:
I know in recent years that I've been surprised by the number of my young students who own or are buying homes. I think there are some fantastic bargains out there nowadays, if one has the resources to buy.
I think living in a trailer or even a motorhome for a while to save up money is a brilliant idea. I lived in one room of a flat for 10 months to save up for a deposit.
I don't even disagree with living in a trailer or a double-wide if one's resources are modest, but not in tornado country...that's just nuts!
My first thought echoed Shelley's - not in tornado areas!
Is that cheaper than an apartment?
@Terri--Yes, but in the very same class is an equally sweet young fellow who told me he lost a house to foreclosure--he is 21.
@Shelley--Spoken by an Oklahoma native!
@SL--I think they may be living on family land, so they could seek a safer spot in case of tornado warnings.
@Duchesse--See above--I would guess they are on family land. Also, rents are surprisingly high around here.
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