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Is it advisable to buy second-hand assets, items and properties.
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[QUOTE="cmoneyspinner, post: 268281, member: 25593"] My late husband and my oldest son never saw eye-to-eye on this. My husband believed in buying used cars that were still in good condition. Not only were they were cheaper but the insurance you paid was also cheaper. My son believed that a car should be bought brand new with a warranty. If you did the math, anybody would say my husband;s method was cheaper. However, was it better? Having been married for 40 years and having only owned used cars which were reliable transportation, I would say my husband was right. When it came to buying homes, my son wanted to buy a brand new house, never lived in; and my husband wanted a home that had been lived in. My husband's logic was that the owners usually added improvements which he would not have to pay for. My son believed the investment value on the new home would be grow higher. Based on the housing market here in Austin, Texas, I would say that both my husband and my son were right! [/QUOTE]
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Is it advisable to buy second-hand assets, items and properties.
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