When I was young I never thought about owning property. I was
brought up in a broken working class family where money was tight. Somehow Dad
still managed to buy a family home by being extremely frugal and not very picky.
Interest rates were up around 20 percent, but property prices were rock bottom.
For what he paid for the family home, I could afford two and pay them off in a
couple of years if I was as frugal as Dad. That house was paid off quite a few
years ago and is now worth a lot just for the land.