The Moneyist
‘I currently make good money, and not having to pay a monthly mortgage will help increase my savings’
‘I have an annual income of $108,000, and other than the house I have no other major debt. I owe $6,000 on my car, and about $5,000 in credit cards.’
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Dear Quentin,
I’m a 46-year-old woman, and single mother to a 14-year-old boy. I bought a centrally located house in Miami after the housing market crash in 2010 for $167,000. The house is small but has a big lot in front of it, and I currently owe $128,000. The house is now worth about $400,000.
I have an annual…
