Pay Cash for that Million Dollar House? [sharon ramsey] [dave ramsey]

http://www.nashvillepost.com/news/2008/5/2.ales_april_2008
Lot 98Avalon Subdivision, Franklin, 37064
Buyers: Dave u0026 Sharon Ramsey
Sale Price: $ 1.552 million
Seller: BP Avalon GP
Agents: no record
Yup is that Dave Ramsey . He paid cash. Would you expect otherwise from such famous debt averse media personality?
This house is one of the high-end properties built to date in the Avalon subdivision, the Tennessee Valley Homes developed.


Best Answer: You should consider safety deposit box but even this may have draw backs as to whose name
you put it in if the holder of the box is the deceased then It may take a good while to retrieve
the disc. With the information it contains I don't think it would be a good idea to store it in the
garage or around the house and it may accidentally get destroyed. Put it in someones name
that is a trusted family member.

You were wise to write it down and hope all goes well – maybe someone will add suggestions
in addition.


Reply: I'm not too sure that I would want my new address all over the internet. I don't even post my Ficos anymore.
It's all a matter of public record.. you could find out how much he paid, where it is, etc, etc..

Reply:maybe he couldnt get a mortgage cause he has NO CREDIT

Reply: I wonder why DR needs such a big house. Why so extravagant?
He lived like no one else, so now he gets to live like no one else…

Reply:It would be hilarious if you bought a house on a credit card. For some that is a reality, i.e. celebrities. I bet AMEX Centurion would love to see a charge for $1,500,000 come through. ("I was wondering if I could get a credit limit increase?") LOL

Reply:On a purchase this large i think i would pay mostly cash too, i couldn't sleep at night knowing i had a $9300 monthly payment(if 6%)

Reply:Pffft. I pay cash for my house too. Just monthly, and in much smaller installments.

Reply: Is there something wrong with a $1.5 million home? There are homes that expensive all around me. Not mine, but all around me. So Dave makes money doing what he loves to do. We should all be so lucky to be that successful. Wish I could pay cash for a $1.5 million house. Maybe someday I will be able to.
Doesn't seem very frugal. Might have been smarter to just buy a more modest home and then keep the rest of the money in the bank. I just don't understand the need for this kind of house.
If you have no debt, who says you have to be frugal? He has several kids who are high school/college age, so it's not like it's just a house for him and his wife. There are houses like that all over the place in the county I live in, they are more the rule than the exception.
And just think: People in California pay $1.5 million for a tiny little shack. $1.5 million goes a lot further in Tennesse than it does in CA.
Dave is successful financially and I don't have a problem with that. I hope we can all be successful. Isn't that what the American Dream is all about? We should all be so lucky to build a business doing something we love, while helping other people, and be able to be debt free and prosper.
I imagine that $1.5 million in TN is like $5MM in California. Must be a nice place.
I don't listen to Dave. Don't know a lot about him. I thought he taught people to be frugal. Maybe that's not the same guy. I'll have to listen to him some time.
Not practicing what he is preaching. His audience (the ones who paid for that mansion) doesn't seem to mind the disconnect. Like I mentioned in another post, if people wanna foot the bill for his home and other amenities of the good life and they do it with a smile and a thank you, then more power to him. There's a fool born every minute, so I say let them keep paying his bills. He doesn't mind.

Reply: Is there something wrong with a $1.5 million home? There are homes that expensive all around me. Not mine, but all around me. So Dave makes money doing what he loves to do. We should all be so lucky to be that successful. Wish I could pay cash for a $1.5 million house. Maybe someday I will be able to.
Doesn't seem very frugal. Might have been smarter to just buy a more modest home and then keep the rest of the money in the bank. I just don't understand the need for this kind of house.
If you have no debt, who says you have to be frugal? He has several kids who are high school/college age, so it's not like it's just a house for him and his wife. There are houses like that all over the place in the county I live in, they are more the rule than the exception.
And just think: People in California pay $1.5 million for a tiny little shack. $1.5 million goes a lot further in Tennesse than it does in CA.
Dave is successful financially and I don't have a problem with that. I hope we can all be successful. Isn't that what the American Dream is all about? We should all be so lucky to build a business doing something we love, while helping other people, and be able to be debt free and prosper.
I imagine that $1.5 million in TN is like $5MM in California. Must be a nice place.
I don't listen to Dave. Don't know a lot about him. I thought he taught people to be frugal. Maybe that's not the same guy. I'll have to listen to him some time.

Reply: Is there something wrong with a $1.5 million home? There are homes that expensive all around me. Not mine, but all around me. So Dave makes money doing what he loves to do. We should all be so lucky to be that successful. Wish I could pay cash for a $1.5 million house. Maybe someday I will be able to.
Doesn't seem very frugal. Might have been smarter to just buy a more modest home and then keep the rest of the money in the bank. I just don't understand the need for this kind of house.
If you have no debt, who says you have to be frugal? He has several kids who are high school/college age, so it's not like it's just a house for him and his wife. There are houses like that all over the place in the county I live in, they are more the rule than the exception.
And just think: People in California pay $1.5 million for a tiny little shack. $1.5 million goes a lot further in Tennesse than it does in CA.
Dave is successful financially and I don't have a problem with that. I hope we can all be successful. Isn't that what the American Dream is all about? We should all be so lucky to build a business doing something we love, while helping other people, and be able to be debt free and prosper.

Reply: I wonder why DR needs such a big house. Why so extravagant?
to impress people he does not like.
If DR knew me, he'd hate me. I'm not impressed.
and he'd hate my savings rate.

Reply: I wonder why DR needs such a big house. Why so extravagant?
to impress people he does not like.
If DR knew me, he'd hate me. I'm not impressed.

Reply: Is there something wrong with a $1.5 million home? There are homes that expensive all around me. Not mine, but all around me. So Dave makes money doing what he loves to do. We should all be so lucky to be that successful. Wish I could pay cash for a $1.5 million house. Maybe someday I will be able to.
Doesn't seem very frugal. Might have been smarter to just buy a more modest home and then keep the rest of the money in the bank. I just don't understand the need for this kind of house.

Reply: I remember back in the day (actually the 80s/early 90s i believe) when franklin was a little small town. I used to live there. It was nice. Then they built the mall, and the entire town was engulfed in growth. We paid $230/mo for rent, now you can't find anything for double or even triple that usually. My how times have changed.
DR's lemming factory is right across from that mall…

Reply: I wonder why DR needs such a big house. Why so extravagant?
to impress people he does not like.

Reply: I wonder why DR needs such a big house. Why so extravagant?
Well, whose to say Sharon Ramsey didn't have a say in this purchase?
Women can be very convincing when they want to be.

Reply:Is there something wrong with a $1.5 million home? There are homes that expensive all around me. Not mine, but all around me. So Dave makes money doing what he loves to do. We should all be so lucky to be that successful. Wish I could pay cash for a $1.5 million house. Maybe someday I will be able to.

Reply:I remember back in the day (actually the 80s/early 90s i believe) when franklin was a little small town. I used to live there. It was nice. Then they built the mall, and the entire town was engulfed in growth. We paid $230/mo for rent, now you can't find anything for double or even triple that usually. My how times have changed.

Reply:I wonder why DR needs such a big house. Why so extravagant?

Reply:Where did DR get all that loot?
Perhaps from all the credit card payments he accepted at his website…

Reply:My neighbor paid cash for their house. They wanted a huge lot, so they bought two new lots from the builder, and the builder made them pay the price of two houses for just the lots so he wouldn't lose money. So, they bought the two lots, and built one house in the middle of it to make it one big lot. County tax records show $1.4 MIL is what it cost them. Houses in my sub range from $500K-$1.9 MIL.

Reply:franklin is kinda snooty from what i hear from nashvillains.

Reply:I'm not too sure that I would want my new address all over the internet. I don't even post my Ficos anymore.

Reply:He doesn't believe in tax deductions either?

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