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Home Ownership: thoughts?
Posted on 3/26/14 at 12:37 pm
Posted on 3/26/14 at 12:37 pm
Overrated.
10
Posted on 3/26/14 at 12:37 pm to sorantable
Nah. There is nothing like having your own yard.
Posted on 3/26/14 at 12:38 pm to sorantable
quote:
thoughts?
You start lots of threads.
Posted on 3/26/14 at 12:38 pm to sorantable
Nope.
The mortgage on the house we're looking at will be half my rent for triple the square footage.
The mortgage on the house we're looking at will be half my rent for triple the square footage.
Posted on 3/26/14 at 12:40 pm to sorantable
Why do you think it's overrated?
Posted on 3/26/14 at 12:41 pm to sorantable
I don't really see the point if you are not planning on being in a city for a long period of time (5+ years).
Posted on 3/26/14 at 12:43 pm to sorantable
I bought my first house last November and I LOVE it.
Apartment living was the worst. 2 things I hated the most were the noise and cramped space. I'll never share a wall with strangers ever again.
Apartment living was the worst. 2 things I hated the most were the noise and cramped space. I'll never share a wall with strangers ever again.
Posted on 3/26/14 at 12:44 pm to Phat Phil
I could see why renting makes sense in NYC or LA. But in the south where house prices are dirt cheap I see no point of renting it.
Posted on 3/26/14 at 12:46 pm to Phat Phil
quote:
Apartment living was the worst.
Yeah, that's why I just rent a house.
Posted on 3/26/14 at 12:48 pm to sorantable
I bought my first house about a year and a half ago. Been great so far. I'm renting my extra room out to my sister and it's making my mortgage really cheap.
Posted on 3/26/14 at 12:50 pm to sorantable
It was frightening at first, but its so much better than renting.
Posted on 3/26/14 at 12:51 pm to Phat Phil
quote:
in the south where house prices are dirt cheap
This part sucks for us because we finished building ours in January of 2007. Now the homes in our area are appraising for less than they cost to build due in part to the builder foreclosures.
Posted on 3/26/14 at 12:54 pm to UMTigerRebel
quote:
This part sucks for us because we finished building ours in January of 2007. Now the homes in our area are appraising for less than they cost to build due in part to the builder foreclosures.
Ya, its tough for people who owned prior to the bubble. My parents have decided that they are going to add on instead of trying to sell. Add some more value to the house and ride it out another 10 years to hopefully better markets.
I bought after the bubble, so any positive move the market makes is going to help me.
Posted on 3/26/14 at 12:57 pm to Eric Nies Grind Time
quote:
I don't really see the point if you are not planning on being in a city for a long period of time (5+ years).
Posted on 3/26/14 at 1:06 pm to sorantable
I've owned a house for 10 years. The only time it sucks is when something breaks there's no landlord to call and foot the bill to fix it. New a/c, new furnace, new roof, new garage doors, etc. That shite is expensive.
Posted on 3/26/14 at 1:06 pm to Rebelgator
quote:
The mortgage on the house we're looking at will be half my rent for triple the square footage.
yet you owe hundreds of thousands of dollars in an economy that could go right back to shite by this time tomorrow
Sorant, I could buy right now, but I'm not. We could easily move to another state for the right opportunity, and I don't plan on buying until I can put down a lot of money and we're settled in to somewhere for the long haul.
Posted on 3/26/14 at 1:08 pm to TreyAnastasio
quote:
Ya, its tough for people who owned prior to the bubble. My parents have decided that they are going to add on instead of trying to sell. Add some more value to the house and ride it out another 10 years to hopefully better markets.
It's finally starting to come back because there's not much inventory left where we are, but the banks haven't quite caught up yet. A couple in our neighborhood had to bring a good amount of cash to the table to buy a house (more than 20% of agreed upon sales price).
Posted on 3/26/14 at 1:10 pm to sorantable
for peeps too poor to rent their whole lives.
Posted on 3/26/14 at 1:23 pm to UMTigerRebel
quote:
Why do you think it's overrated?
Because he can't afford it.
I think Ferrari 458's are overrated.
Posted on 3/26/14 at 1:25 pm to InVolNerable
quote:FIFY
Because he has shitty credit
As mentioned, if you have the credit, buying is cheaper than renting.
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