The house looks decent, owners seem nice, hope we get it.
Also made my first sale on Reverb.com, so that's cool.
Also made my first sale on Reverb.com, so that's cool.
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Stoner/Doom Bassists Thread, Part 90: Maxed Out
- Thread starter Korladis
- Start date
Yup I'm fancy like that.
There was another guy there looking at it that told the landlords (and me) that he's been living in a camper with his wife and dog for the last year. Including the dangerously cold and long winter.
I took the chance to make us look better - "we've been paying rent for years, and have a savings account..."
Not really. The problem is people look at the purchase price and then what they sold the house for and think they've made money. The problem with this is no one looks at the financing cost. The interest you've paid over the years on your mortgage somehow is never calculated by the owners. Then add all the maintenance costs and renos you've had to put in plus fees and comissions to buy and sell a home and it is likey you barely broke even and maybe even lost money.
I remember seeing Neil Degrasse many many years ago on a documentary on Discovery and thinking this guy will be big one day. He captured my attention instantly.
No one ever made money renting anything lol. Youve got a point to an extent but at the end of owning you sell and usually make money. At the end of renting you have nada.
Propery is an appreciating asset the majority of the time. Best thing to sink money into.
Unlike gear hahaha.
Propery is an appreciating asset the majority of the time. Best thing to sink money into.
Unlike gear hahaha.
We'll be buying a house eventually, when we figure out where we'd like to settle down, when we have a down payment saved up, and when we find a place that fits our taste and budget. For the time being, we're enjoying our neighborhood and lack of debt.
The prices of homes in this city (our neighborhood particularly) are extremely inflated. We don't want to sink a quarter to half a million dollars into a small 80 year old house that may or may not have been maintained. But we can rent one for less than a mortgage payment, not be bothered with maintenance and enjoy the benefits of the nice neighborhood.
I've watched my sister and her husband buy and fix up three houses, then take a massive loss on each one when they sell.
It's not the sure thing investment that it used to be.
The prices of homes in this city (our neighborhood particularly) are extremely inflated. We don't want to sink a quarter to half a million dollars into a small 80 year old house that may or may not have been maintained. But we can rent one for less than a mortgage payment, not be bothered with maintenance and enjoy the benefits of the nice neighborhood.
I've watched my sister and her husband buy and fix up three houses, then take a massive loss on each one when they sell.
It's not the sure thing investment that it used to be.
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Except for cost of maintenance.
I don't need an investment, I need a place to live.
I grew up in an owned house. The thing about owning, is you're responsible for everything that goes wrong. It adds up to be either a ton of money or a ton of work.
It's irrelevant, however, as I'm likely never going to be able to afford to buy a house.
I don't need an investment, I need a place to live.
I grew up in an owned house. The thing about owning, is you're responsible for everything that goes wrong. It adds up to be either a ton of money or a ton of work.
It's irrelevant, however, as I'm likely never going to be able to afford to buy a house.
Askrere remember my experience with the dually i found used at guitar center? Same experience. No power fart fest. I wonder if its something in the air down here... Seriously though, thats really weird. Sending it back to the builder to troubleshoot/fix is probably the way to go. That REALLY sucks. Good luck.
Wife and I bought a house just into our first year of marriage. Sold it 9 years later. Made "some" money. That we used to pay off medical bills student loans etc.
Wouldn't have that if we rented.
6 of those 9 years we literally hated our neighborhood. We stayed because of "owning" and being financially worse off than when we first bought.
We are renting now solely so we can up and move in a year or two when we get fed up with the neighborhood.
Goal is: buy enough land to easily ignore or neighbors.
I won't buy poopie where I can see my neighbor's house. Preferably outside earshot too.
Renting rocks for pulling up stakes and moving.
Wouldn't have that if we rented.
6 of those 9 years we literally hated our neighborhood. We stayed because of "owning" and being financially worse off than when we first bought.
We are renting now solely so we can up and move in a year or two when we get fed up with the neighborhood.
Goal is: buy enough land to easily ignore or neighbors.
I won't buy poopie where I can see my neighbor's house. Preferably outside earshot too.
Renting rocks for pulling up stakes and moving.
Yup, I kinda think I should get my real estate license, I love selling and driving around to places. Then own and rent houses. My Ex's grand parents bought every house slowly in their little two street neighborhood over 50 years and rented them out.
Currently renting but at 495 iit was crazy cheap compared to anything around and it's a house. 625 sq ft vs my 450ish sq ft apartment, from my 200 or less sq ft dorm, from my parents 3400 sq ft house. So interesting, I've never moved before in my life. Born and raised in one house as an only child.
I'd wonder, but there's a dude in Austin with an f215. I was invited to try it before I made a decision, but when I found out it wouldn't fit in my car I opted out.
It only stays in my trunk for the duration of trips, but how would a cab endure the oven like temps of a car in the Texas summer? No gear or much of anything really stays in my car longer than I do.
When we got our $220,000 mortgage they showed us that over the course of the loan (30 years) we'd actually pay almost $800,000 for our home. So let's say we wanted to sell at the end of 30 years, for us to make any profit we'd have to sell it for $800,000 + inflation + all the money we've invested in maintenance. let's say that's $1.2 million. Not gonna happen, and that's just to break even.
If we were renting we could save on those interest payments and maintenance and invest it instead. Even a conservative investment yeilding 3-5% year will probably leave you with more money at the end. The other thing is if you sell your home to realize the profit you become homeless. And the only thing the profit is good for is to buy another home. If you rent you can use that profit in more ways since you don't have to become homeless to realize the profit from investments.
Having said all that we bought a home not as an investment but as security. We know we have a place to live barring any extreme circumstances. I don't consider homes an investment unless you're renting them out and are not your primary residence.
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OUCH MY BRAIN HURTS!!! After reading that.
I'd say I have it pretty good as of right now, I'm not in a huge hurry to get out of my parents house trying to milk it as long as I can, but I'd definitely like to be out of this basement within 5 years. Doing things smart and buying all my big boy toys and paying everything off while I have no rent. After that I may look into buying a duplex, renting off the other side and having people pay my mortgage for me.
I'd say I have it pretty good as of right now, I'm not in a huge hurry to get out of my parents house trying to milk it as long as I can, but I'd definitely like to be out of this basement within 5 years. Doing things smart and buying all my big boy toys and paying everything off while I have no rent. After that I may look into buying a duplex, renting off the other side and having people pay my mortgage for me.
All went well, doc said I'm good for another 5-10 years.
Man, i couldn't wait to get out of my parent's house. I graduated high school and was out in less than a month.
...and i always got along great with my folks, just wanted to get the hell out.
