Linda
Appearances
The Deck
Carole Clement (Ace of Hearts, Florida)
I hope it makes them nervous. You know, I hope it makes them very nervous and upset that we might be getting close to an answer or a conclusion and that they might be held accountable because that's what hasn't happened yet.
The Deck
Carole Clement (Ace of Hearts, Florida)
She had goals and dreams. So much she wanted to do. She wanted to travel more. She wanted to learn more. She wanted to take some more Spanish lessons. Actually, Carol and I, when we were growing up, always wrote out what our goals were.
The Deck
Carole Clement (Ace of Hearts, Florida)
Nothing's going to bring Carol back or bring the joy that she would have brought to us back. That's gone forever. We're never going to give up. We're always going to have our ear to the ground. We're going to keep asking the question over and over until we get an answer or until we die.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
Thank you for taking my call. Sure. I'm wondering if my church should go into debt to purchase a parsonage.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
So we own a home. I figured that'd be your answer.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
Could I share some more information?
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
Okay, so we own a home that's next door to the church, and we're members at the church. We've used this house as a rental, but now we'd like to sell it. And when we bought the house years ago, a few members that are on the church board had asked for first dibs if we ever decided to sell the house. So we gave the board the opportunity to purchase it for $210,000 on a cash offer.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
The home appraised at $233,000. So the board presented the opportunity to the church and then the congregation voted to go ahead with purchasing the home, but they left the option for how to pay for the home up to the church board. So we were then presented with a counter purchase agreement, but it's a financed offer.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
And we were really clear with the board that this was the opportunity to purchase the home for $210,000 cash. We wanted to give the church a deal as an act of goodwill. And The church has the money. They have well over $400,000 in extra savings that they have in CDs right now.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
But the board wants to keep that money in savings and not spend it on the home. And so we feel like we don't want to accept that mortgage offer for two reasons. One is because I don't think that the church needs to go into debt to buy the home. It's not a need. They have the money in savings to pay cash. Frankly, I think it's completely foolish for the church to go into debt for it.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
And additionally, we buy and sell a lot of real estate and we know that mortgage offers can tend to drag on and on. They take longer to close. Sometimes they require dumb little stuff to be fixed on the house. And so we're willing to accept less on a cash sale just for simplicity.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
Where like if we list it to the public, we would probably ask closer to the appraised value or even more to help us, you know, give us time and feel like we can put up with the nonsense that comes with a mortgage because we're getting more money for the house.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
So unfortunately, a lot of our friends at church have told us that we're straight up in the wrong, that we're being absolutely ridiculous to insist on a cash sale. And I just wondered if you agree, if you think that we're being ridiculous to say that we want it to be a cash sale.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
Mm-hmm. I think that's really good advice. Thank you for that.
The Ramsey Show
Your Feelings Don’t Build Wealth — Discipline Does
Well, friends that are on the church board that do have the vote that are making the decision.