pinchvalve wrote: You can put cash away in the bank, and buy a house at a Sherif sale for pennies on the dollar.
I would think that this is a very good way to purchase something that makes keeping a boat look cheap...
pinchvalve wrote: You can put cash away in the bank, and buy a house at a Sherif sale for pennies on the dollar.
I would think that this is a very good way to purchase something that makes keeping a boat look cheap...
failboat wrote: Say you need to buy a new X, be it furniture, an appliance, a tv, whatever, and you want to buy new. Inquire about 0% financing, even if you have the cash in hand. Its essentially a free loan. Pay it on time, and pay it off before the accrued interest hits. Its kind of annoying having multiple bills for such things, but it doesnt cost you anything, and doesnt have the immediate hit on your bank account, allowing you to hang onto some cash in case of emergency. I think it goes without saying, don't get in over your head with this type of stuff, dont go out and buy a bunch of stuff you dont need/cant truly afford.
I've done this a number of times. Most recently with a mattress and a Dell laptop. I typically take the balance and divide it by the 0% time-limit minus one month as a safety factor. Pay no attention to the minimum payment on the statement.
My advice: Don't let the wife/girlfriend/significant other settle on a house you don't want. I have the foreclosure and court ordered sale papers to prove it. 
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