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Son: "thinking about" to home ownership in 2 weeks flat


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Driving home from a party on Easter my son said how nice it would be to have a place in the country.

Two weeks later a nice property just a mile away came up for auction and he, through the Bank of Mom and Dad, is now the proud owner of a home in the country!

He turns 21 next month and has already figured out that he will have the place paid off in 8 -- 10 years.

I still can't believe it!

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Well, we are charging him 5% simple interest...but he is going to pay it off early.

The real gift is for us--it is only a mile away and a really pretty property.  He is going to rent out it the first couple of years in order to pay it off sooner.  

Fine by me--he is our resident mechanic and something always needs fixing!

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