Re: [DMCForum] Re: Paying for college

[Farrar Hudkins <fhudkins@xxxxxxx>]

ryanpwright wrote:
> LOL! We're more alike than we thought. I left home as soon as
> possible, too - within 6 months of turning 18. Bought myself a
> singlewide mobile home. It was actually a pretty nice place. I had a
> fenced yard, and the place was mine so I could make modifications,
> turn the music up, own a dog, and all of the other things that renters
> often can't do. Oh, and I was building equity for my next house - main
> reason I chose to own vs. rent.

Good thinking. I chose not to buy a mobile-home, probably because I 
remember what Hurricane Hugo did when I was a kid... I'm considering 
getting a condo to acquire equity, but I'm going to get the DeLorean 
first (as Andrei suggested, heh). I haven't been waiting for a condo for 
that long, but I've been waiting for a DeLorean for ten years. ;)

> They also loaned
> me money to buy my first car when I was 16 because I couldn't get a
> loan (no credit history and under 18), but I had to make monthly
> payments until it was paid off.

That's just what my parents did for me when my first car was wrecked and 
I was only working part-time. I sent Dad a check every month. I never 
once asked for their assistance -- they just volunteered it. They also 
co-signed with me on my first car note since I had very little credit 
history (I didn't have a "job" job until I left high school). Again, I 
didn't ask for them to do it...

<twocents>

There are certain things a person will do for a child, it just varies 
from parent to parent -- even husband and wife will sometimes disagree 
on just how much to help a child out, especially after the child turns 
18. But every parent wants to see their child do well, and I think most 
will do anything in their power within their own self-set limits of 
reason. My parents never had a lot of money because they had to take out 
a loan early in their marriage, to send one of the children to a special 
school. And guess who lent them the money for that... Grandmom and 
Grandad! LOL

</twocents>

--Farrar




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