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<blockquote data-quote="inactive" data-source="post: 1879712" data-attributes="member: 7488">Probably.&nbsp; I think a whole hell of a lot of these people are on land that was passed to them through generations.&nbsp; So the old farm home has been free and clear for some time, or it&#039;s just some old mobile that&#039;s been set up on the family land.Either way, the people there cannot afford to own a home, and I&#039;m not talking about the mortgage.&nbsp; I mean the upkeep, the insurance, the maintenance.&nbsp; They think they can save over renting by staying on the land, but then they cannot afford the upkeep of the owned property.&nbsp; I know a hell of a lot of people like this.&nbsp; They should be renters, for no other reason than they cannot keep up with the work and funds it takes to own a home.&nbsp; But in their mind, renting is more expensive because they just look at the rent payment vs mortgage, and ignore all the other costs.Then there&#039;s this guy who just paid off (after 30 years), his 120k home, which on the whole is a pretty decent place to be sure.&nbsp; He damn near lost it in the fire and didn&#039;t have insurance.&nbsp; He figured he didn&#039;t need it, with the bank not requiring it.&nbsp; <img src="/images/smilies/anyone.gif"&nbsp; class="smilie" loading="lazy" alt=":anyone:" title="Anyone&nbsp; &nbsp; :anyone:" data-shortname=":anyone:" />I just don&#039;t get it.</blockquote>

[QUOTE="inactive, post: 1879712, member: 7488"] Probably. I think a whole hell of a lot of these people are on land that was passed to them through generations. So the old farm home has been free and clear for some time, or it's just some old mobile that's been set up on the family land. Either way, the people there cannot afford to own a home, and I'm not talking about the mortgage. I mean the upkeep, the insurance, the maintenance. They think they can save over renting by staying on the land, but then they cannot afford the upkeep of the owned property. I know a hell of a lot of people like this. They should be renters, for no other reason than they cannot keep up with the work and funds it takes to own a home. But in their mind, renting is more expensive because they just look at the rent payment vs mortgage, and ignore all the other costs. Then there's this guy who just paid off (after 30 years), his 120k home, which on the whole is a pretty decent place to be sure. He damn near lost it in the fire and didn't have insurance. He figured he didn't need it, with the bank not requiring it. :anyone: I just don't get it. [/QUOTE]

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