Current Events > Renting = throwing away money

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REMercsChamp 03/05/18 4:32:37 PM #1:	It's money that could be spent towards paying off your own mortgage. If you waste a year on rent, that money is gone, your mortgage payment is higher and you're losing equity. Educate yourselves. --- https://i.imgur.com/lwkIVOb.png <cite>REMercsChamp posted [p:897229177] in Renting = ... [t:76383865]...</cite> <quote>It's money that could be spent towards paying off your own mortgage. If you waste a year on rent, that money is gone, your mortgage payment is higher and you're losing equity. Educate yourselves.</quote> ... Copied to Clipboard!
s0nicfan 03/05/18 4:33:40 PM #2:	Well that depends. If your rent is cheap enough you could use the money saved on payments to save up for a down payment on a property to break past the 20% down payment threshold and save a LOT of mortgage interest over the lifetime of the loan. --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz <cite>s0nicfan posted [p:897229250] in Renting = ... [t:76383865]...</cite> <quote>Well that depends. If your rent is cheap enough you could use the money saved on payments to save up for a down payment on a property to break past the 20% down payment threshold and save a LOT of mortgage interest over the lifetime of the loan.</quote> ... Copied to Clipboard!
Krojen 03/05/18 4:35:04 PM #3:	Real estate is a farce. --- http://i.imgur.com/hI4hAMb.jpg <cite>Krojen posted [p:897229340] in Renting = ... [t:76383865]...</cite> <quote>Real estate is a farce.</quote> ... Copied to Clipboard!
prince_leo 03/05/18 4:35:07 PM #4:	there are times where renting makes sense. i'm planning on moving across the country in a couple years, for instance --- https://imgur.com/uHUvpSH http://error1355.com/ce/prince_leo.html <cite>prince_leo posted [p:897229345] in Renting = ... [t:76383865]...</cite> <quote>there are times where renting makes sense. i'm planning on moving across the country in a couple years, for instance</quote> ... Copied to Clipboard!
DevsBro 03/05/18 4:38:01 PM #5:	Yes, strictly speaking, but there's also a lot of BS involved in ownership that you don't have with renting, like homeowner's insurance, property taxes and maintenance. Plus basically nobody actually pays off a house these days. The lady we bought ours from got a $20k check at closing. --- http://backloggery.com/devsbro/sig.gif http://i.imgur.com/kU5vu5N.png Never pepper popcorn <cite>DevsBro posted [p:897229549] in Renting = ... [t:76383865]...</cite> <quote>Yes, strictly speaking, but there's also a lot of BS involved in ownership that you don't have with renting, like homeowner's insurance, property taxes and maintenance. Plus basically nobody actually pays off a house these days. The lady we bought ours from got a $20k check at closing.</quote> ... Copied to Clipboard!
REMercsChamp 03/05/18 4:40:10 PM #6:	DevsBro posted... homeowner's insurance, property taxes and maintenance. Beats paying off some guy's mortgage indefinitely --- https://i.imgur.com/lwkIVOb.png <cite>REMercsChamp posted [p:897229681] in Renting = ... [t:76383865]...</cite> <quote><cite>DevsBro posted...</cite> <quote>homeowner's insurance, property taxes and maintenance.</quote> Beats paying off some guy's mortgage indefinitely</quote> ... Copied to Clipboard!
DevsBro 03/05/18 4:41:51 PM #8:	REMercsChamp posted... DevsBro posted... homeowner's insurance, property taxes and maintenance. Beats paying off some guy's mortgage indefinitely It does. But the alternative ain't all roses either is what I'm saying. --- http://backloggery.com/devsbro/sig.gif http://i.imgur.com/kU5vu5N.png Never pepper popcorn <cite>DevsBro posted [p:897229784] in Renting = ... [t:76383865]...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>DevsBro posted...</cite> <quote>homeowner's insurance, property taxes and maintenance.</quote> Beats paying off some guy's mortgage indefinitely</quote> It does. But the alternative ain't all roses either is what I'm saying.</quote> ... Copied to Clipboard!
Romulox28 03/05/18 4:42:41 PM #9:	there are plenty of valid reasons to rent, for a lot of situations it's actually a better option --- http://i.imgur.com/LhwwG.gif <cite>Romulox28 posted [p:897229837] in Renting = ... [t:76383865]...</cite> <quote>there are plenty of valid reasons to rent, for a lot of situations it's actually a better option</quote> ... Copied to Clipboard!
REMercsChamp 03/05/18 4:43:48 PM #10:	Romulox28 posted... there are plenty of valid reasons to rent, for a lot of situations it's actually a better option Sure, like: 1. Unwavering desire to pay off other people's property costs indefinitely 2. Love pissing money down the toilet 3. Fear of owning property, wealth and building equity --- https://i.imgur.com/lwkIVOb.png <cite>REMercsChamp posted [p:897229910] in Renting = ... [t:76383865]...</cite> <quote><cite>Romulox28 posted...</cite> <quote>there are plenty of valid reasons to rent, for a lot of situations it's actually a better option</quote> Sure, like: 1. Unwavering desire to pay off other people's property costs indefinitely 2. Love pissing money down the toilet 3. Fear of owning property, wealth and building equity</quote> ... Copied to Clipboard!
MrDrMan 03/05/18 4:44:45 PM #11:	REMercsChamp posted... DevsBro posted... homeowner's insurance, property taxes and maintenance. Beats paying off some guy's mortgage indefinitely Except not. Rent is usually about half of a mortgage payment IIRC and there's a bunch of other expenses involved with owning versus renting. Renting allows you more flexibility to move rather than paying a mortgage on a place you have no plans to settle for long term. If you're paying a mortgage on a house you don't plan to be at in 10 years it's the same thing. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897229971] in Renting = ... [t:76383865]...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>DevsBro posted...</cite> <quote>homeowner's insurance, property taxes and maintenance.</quote> Beats paying off some guy's mortgage indefinitely</quote> Except not. Rent is usually about half of a mortgage payment IIRC and there's a bunch of other expenses involved with owning versus renting. Renting allows you more flexibility to move rather than paying a mortgage on a place you have no plans to settle for long term. If you're paying a mortgage on a house you don't plan to be at in 10 years it's the same thing.</quote> ... Copied to Clipboard!
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LordMarshal 03/05/18 4:45:57 PM #13:	Food is literally flushing money down the toilet. Everythings a waste of money. Lifes a waste of time. Youll die anyways. --- There can be only one. <cite>LordMarshal posted [p:897230031] in Renting = ... [t:76383865]...</cite> <quote>Food is literally flushing money down the toilet. Everythings a waste of money. Lifes a waste of time. Youll die anyways.</quote> ... Copied to Clipboard!
Metro2 03/05/18 4:47:30 PM #14:	What if you want to move, hmm? <cite>Metro2 posted [p:897230138] in Renting = ... [t:76383865]...</cite> <quote>What if you want to move, hmm?</quote> ... Copied to Clipboard!
lincoln002 03/05/18 4:47:33 PM #15:	If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years? <cite>lincoln002 posted [p:897230141] in Renting = ... [t:76383865]...</cite> <quote>If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years?</quote> ... Copied to Clipboard!
Caution999 03/05/18 4:48:40 PM #16:	The real waste of money is paying for storage when you have no plans to move it. --- "Impossible is just a word to let people feel good about themselves when they quit." - Vyse, Skies of Arcadia <cite>Caution999 posted [p:897230200] in Renting = ... [t:76383865]...</cite> <quote>The real waste of money is paying for storage when you have no plans to move it.</quote> ... Copied to Clipboard!
LordMarshal 03/05/18 4:49:24 PM #17:	Message boards are a waste of everything. Anything else would be better than anonymous posts on a video game sites social board. --- There can be only one. <cite>LordMarshal posted [p:897230242] in Renting = ... [t:76383865]...</cite> <quote>Message boards are a waste of everything. Anything else would be better than anonymous posts on a video game sites social board.</quote> ... Copied to Clipboard!
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CableZL 03/05/18 4:49:54 PM #19:	lincoln002 posted... If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years? This is pretty much the reason I'm continuing to rent. I'm pretty much never going to be at the same job for 30 years, so I'm choosing to stick with an apartment. --- http://i.imgur.com/ByKGlJb.gif http://i.imgur.com/nZdaA8D.gif http://i.imgur.com/VBLBILg.jpg <cite>CableZL posted [p:897230276] in Renting = ... [t:76383865]...</cite> <quote><cite>lincoln002 posted...</cite> <quote>If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years?</quote> This is pretty much the reason I'm continuing to rent. I'm pretty much never going to be at the same job for 30 years, so I'm choosing to stick with an apartment.</quote> ... Copied to Clipboard!
MrDrMan 03/05/18 4:51:03 PM #20:	lincoln002 posted... If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years? Basically this. For the vast majority of people it's not a better idea. You're locked into a commitment on a place you don't plan on being long term. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897230350] in Renting = ... [t:76383865]...</cite> <quote><cite>lincoln002 posted...</cite> <quote>If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years?</quote> Basically this. For the vast majority of people it's not a better idea. You're locked into a commitment on a place you don't plan on being long term.</quote> ... Copied to Clipboard!
DragonGirlYuki 03/05/18 4:53:59 PM #21:	Paying mortgage interest = throwing away money. --- ~Yuki~ <cite>DragonGirlYuki posted [p:897230524] in Renting = ... [t:76383865]...</cite> <quote>Paying mortgage interest = throwing away money.</quote> ... Copied to Clipboard!
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3khc 03/05/18 4:57:53 PM #23:	TC speaks the truth. Dont feel bad if you're forced into an apartment tho. Situation is different for everyone. Just be sure to work towards home ownership. --- ---- ----- <cite>3khc posted [p:897230782] in Renting = ... [t:76383865]...</cite> <quote>TC speaks the truth. Dont feel bad if you're forced into an apartment tho. Situation is different for everyone. Just be sure to work towards home ownership.</quote> ... Copied to Clipboard!
MrDrMan 03/05/18 5:00:12 PM #24:	JustMyOpinion posted... MrDrMan posted... lincoln002 posted... If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years? Basically this. For the vast majority of people it's not a better idea. You're locked into a commitment on a place you don't plan on being long term. Shut the fuck up. With appreciation and equity in your house you don't need to be there 30 years for it to make sense. As little as five can work. Or as little as like 1 or 2 if you live in Seattle or San Francisco due to crazy rising prices there. But that's mostly speculation and riskier. Ok dumbass I've moved three times in the last 3 years. Unlike you most people in their 20's are actually progressing which leads to the desire to move to bigger and better places. Your example is dumb. Everyone doesn't live in one of those places and it completely depends on the housing market. You are such a fucking idiot consistently. Imagine telling someone to stay somewhere for 5 years that they don't want to for a small profit that's probably negated by the much higher costs of owning versus renting. I could get up and pack my shit and move to LA in May if I wanted to no problem. Could you do that if you're sitting on a house you don't know will sell or at least sell at the price you want? --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897230937] in Renting = ... [t:76383865]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>lincoln002 posted...</cite> <quote>If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years?</quote> Basically this. For the vast majority of people it's not a better idea. You're locked into a commitment on a place you don't plan on being long term.</quote> Shut the fuck up. With appreciation and equity in your house you don't need to be there 30 years for it to make sense. As little as five can work. Or as little as like 1 or 2 if you live in Seattle or San Francisco due to crazy rising prices there. But that's mostly speculation and riskier.</quote> Ok dumbass I've moved three times in the last 3 years. Unlike you most people in their 20's are actually progressing which leads to the desire to move to bigger and better places. Your example is dumb. Everyone doesn't live in one of those places and it completely depends on the housing market. You are such a fucking idiot consistently. Imagine telling someone to stay somewhere for 5 years that they don't want to for a small profit that's probably negated by the much higher costs of owning versus renting. I could get up and pack my shit and move to LA in May if I wanted to no problem. Could you do that if you're sitting on a house you don't know will sell or at least sell at the price you want?</quote> ... Copied to Clipboard!
REMercsChamp 03/05/18 5:01:28 PM #25:	MrDrMan posted... An angry renter? Color me surprised! --- https://i.imgur.com/lwkIVOb.png <cite>REMercsChamp posted [p:897231011] in Renting = ... [t:76383865]...</cite> <quote><cite>MrDrMan posted...</cite> An angry renter? Color me surprised!</quote> ... Copied to Clipboard!
AzNDarkSamurai 03/05/18 5:01:45 PM #26:	but at the same time if youre only renting you dont have to worry about property taxes, maintenance costs, etc. all u have to do is worry about getting the rent money --- Pinoy Pride, 1988 - the day I die! <cite>AzNDarkSamurai posted [p:897231029] in Renting = ... [t:76383865]...</cite> <quote>but at the same time if youre only renting you dont have to worry about property taxes, maintenance costs, etc. all u have to do is worry about getting the rent money</quote> ... Copied to Clipboard!
LordMarshal 03/05/18 5:02:00 PM #27:	MrDrMan posted... JustMyOpinion posted... MrDrMan posted... lincoln002 posted... If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years? Basically this. For the vast majority of people it's not a better idea. You're locked into a commitment on a place you don't plan on being long term. Shut the fuck up. With appreciation and equity in your house you don't need to be there 30 years for it to make sense. As little as five can work. Or as little as like 1 or 2 if you live in Seattle or San Francisco due to crazy rising prices there. But that's mostly speculation and riskier. Ok dumbass I've moved three times in the last 3 years. Unlike you most people in their 20's are actually progressing which leads to the desire to move to bigger and better places. Your example is dumb. Everyone doesn't live in one of those places and it completely depends on the housing market. You are such a fucking idiot consistently. Imagine telling someone to stay somewhere for 5 years that they don't want to for a small profit that's probably negated by the much higher costs of owning versus renting. This will be modded.... --- There can be only one. <cite>LordMarshal posted [p:897231045] in Renting = ... [t:76383865]...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>lincoln002 posted...</cite> <quote>If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years?</quote> Basically this. For the vast majority of people it's not a better idea. You're locked into a commitment on a place you don't plan on being long term.</quote> Shut the fuck up. With appreciation and equity in your house you don't need to be there 30 years for it to make sense. As little as five can work. Or as little as like 1 or 2 if you live in Seattle or San Francisco due to crazy rising prices there. But that's mostly speculation and riskier.</quote> Ok dumbass I've moved three times in the last 3 years. Unlike you most people in their 20's are actually progressing which leads to the desire to move to bigger and better places. Your example is dumb. Everyone doesn't live in one of those places and it completely depends on the housing market. You are such a fucking idiot consistently. Imagine telling someone to stay somewhere for 5 years that they don't want to for a small profit that's probably negated by the much higher costs of owning versus renting.</quote> This will be modded....</quote> ... Copied to Clipboard!
MrDrMan 03/05/18 5:03:19 PM #29:	LordMarshal posted... MrDrMan posted... JustMyOpinion posted... MrDrMan posted... lincoln002 posted... If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years? Basically this. For the vast majority of people it's not a better idea. You're locked into a commitment on a place you don't plan on being long term. Shut the fuck up. With appreciation and equity in your house you don't need to be there 30 years for it to make sense. As little as five can work. Or as little as like 1 or 2 if you live in Seattle or San Francisco due to crazy rising prices there. But that's mostly speculation and riskier. Ok dumbass I've moved three times in the last 3 years. Unlike you most people in their 20's are actually progressing which leads to the desire to move to bigger and better places. Your example is dumb. Everyone doesn't live in one of those places and it completely depends on the housing market. You are such a fucking idiot consistently. Imagine telling someone to stay somewhere for 5 years that they don't want to for a small profit that's probably negated by the much higher costs of owning versus renting. This will be modded.... I don't even care. Dude just told me to shut the fuck up and doesn't even know what he's talking about. I'll live without the 3 karma. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897231128] in Renting = ... [t:76383865]...</cite> <quote><cite>LordMarshal posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>lincoln002 posted...</cite> <quote>If you can buy the house cash, it's worth doing it. If you have to take out a loan, which is most people, it's probably not the best idea. Most home loans tend to be like 30 year long commitments, do you know how much shit happens in 30 years?</quote> Basically this. For the vast majority of people it's not a better idea. You're locked into a commitment on a place you don't plan on being long term.</quote> Shut the fuck up. With appreciation and equity in your house you don't need to be there 30 years for it to make sense. As little as five can work. Or as little as like 1 or 2 if you live in Seattle or San Francisco due to crazy rising prices there. But that's mostly speculation and riskier.</quote> Ok dumbass I've moved three times in the last 3 years. Unlike you most people in their 20's are actually progressing which leads to the desire to move to bigger and better places. Your example is dumb. Everyone doesn't live in one of those places and it completely depends on the housing market. You are such a fucking idiot consistently. Imagine telling someone to stay somewhere for 5 years that they don't want to for a small profit that's probably negated by the much higher costs of owning versus renting.</quote> This will be modded....</quote> I don't even care. Dude just told me to shut the fuck up and doesn't even know what he's talking about. I'll live without the 3 karma.</quote> ... Copied to Clipboard!
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IloveJesus 03/05/18 5:04:28 PM #31:	I don't think I'll ever own a home. I could pay the mortgage without too many problems (it would actually be cheaper than my current rent), but high rental prices mean I'll never be able to save enough for a deposit. --- Jesus loves us. It only seems fair to love him back. <cite>IloveJesus posted [p:897231191] in Renting = ... [t:76383865]...</cite> <quote>I don't think I'll ever own a home. I could pay the mortgage without too many problems (it would actually be cheaper than my current rent), but high rental prices mean I'll never be able to save enough for a deposit.</quote> ... Copied to Clipboard!
DragonGirlYuki 03/05/18 5:04:38 PM #32:	3kls are gone. --- ~Yuki~ <cite>DragonGirlYuki posted [p:897231206] in Renting = ... [t:76383865]...</cite> <quote>3kls are gone.</quote> ... Copied to Clipboard!
MrDrMan 03/05/18 5:04:45 PM #33:	REMercsChamp posted... MrDrMan posted... An angry renter? Color me surprised! I'm not angry I just don't tolerate disrespect. I didn't tell anyone to shut the fuck up so why should I let someone tell me that. Besides that you guys are just spreading bad information. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897231213] in Renting = ... [t:76383865]...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>MrDrMan posted...</cite> An angry renter? Color me surprised!</quote> I'm not angry I just don't tolerate disrespect. I didn't tell anyone to shut the fuck up so why should I let someone tell me that. Besides that you guys are just spreading bad information.</quote> ... Copied to Clipboard!
REMercsChamp 03/05/18 5:05:15 PM #34:	IloveJesus posted... I don't think I'll ever own a home. I could pay the mortgage without too many problems (it would actually be cheaper than my current rent), but high rental prices mean I'll never be able to save enough for a deposit. Here's a guy stuck in the rent trap cycle - learn from him guys. Don't let this be you. --- https://i.imgur.com/lwkIVOb.png <cite>REMercsChamp posted [p:897231247] in Renting = ... [t:76383865]...</cite> <quote><cite>IloveJesus posted...</cite> <quote>I don't think I'll ever own a home. I could pay the mortgage without too many problems (it would actually be cheaper than my current rent), but high rental prices mean I'll never be able to save enough for a deposit.</quote> Here's a guy stuck in the rent trap cycle - learn from him guys. Don't let this be you.</quote> ... Copied to Clipboard!
MrDrMan 03/05/18 5:06:10 PM #35:	JustMyOpinion posted... Wow, you're really upset because you don't know how real estate works. 5 years is what a lot of experts say as the (meager) equity built along with appreciation should offset closing costs. I think I'll take their word over some guy who throws a fit because he doesn't know anything about real estate 101. I work in construction. I know real estate. You don't know what you're talking about. You don't understand the value of flexibility and not being locked in for even 5 years. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897231304] in Renting = ... [t:76383865]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote>Wow, you're really upset because you don't know how real estate works. 5 years is what a lot of experts say as the (meager) equity built along with appreciation should offset closing costs. I think I'll take their word over some guy who throws a fit because he doesn't know anything about real estate 101.</quote> I work in construction. I know real estate. You don't know what you're talking about. You don't understand the value of flexibility and not being locked in for even 5 years.</quote> ... Copied to Clipboard!
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MrDrMan 03/05/18 5:07:31 PM #37:	JustMyOpinion posted... MrDrMan posted... REMercsChamp posted... MrDrMan posted... An angry renter? Color me surprised! I'm not angry I just don't tolerate disrespect. I didn't tell anyone to shut the fuck up so why should I let someone tell me that. Besides that you guys are just spreading bad information. Shut the fuck up and learn how housing works. Then you can comment. I'm ten times smarter than you man. Please keep your shitty opinions to yourself. Imagine telling someone to stay 5 years for a small profit. That just shows that you have no idea what to do as far as investing that you couldn't make that money without locking yourself into something you don't want for 5 years. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897231376] in Renting = ... [t:76383865]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>MrDrMan posted...</cite> An angry renter? Color me surprised!</quote> I'm not angry I just don't tolerate disrespect. I didn't tell anyone to shut the fuck up so why should I let someone tell me that. Besides that you guys are just spreading bad information.</quote> Shut the fuck up and learn how housing works. Then you can comment.</quote> I'm ten times smarter than you man. Please keep your shitty opinions to yourself. Imagine telling someone to stay 5 years for a small profit. That just shows that you have no idea what to do as far as investing that you couldn't make that money without locking yourself into something you don't want for 5 years.</quote> ... Copied to Clipboard!
Jiek_Fafn 03/05/18 5:07:54 PM #38:	My landlord mows my lawn and shovels my drive. I can't even put a price tag on that. --- PSN: Jiek FFRK: Rikku USB KZcv <cite>Jiek_Fafn posted [p:897231397] in Renting = ... [t:76383865]...</cite> <quote>My landlord mows my lawn and shovels my drive. I can't even put a price tag on that.</quote> ... Copied to Clipboard!
Romulox28 03/05/18 5:08:19 PM #39:	JustMyOpinion posted... Wow, you're really upset because you don't know how real estate works. 5 years is what a lot of experts say as the (meager) equity built along with appreciation should offset closing costs. I think I'll take their word over some guy who throws a fit because he doesn't know anything about real estate 101. but isnt this assuming that you are putting down 20%, that your house is going to appreciate, etc --- http://i.imgur.com/LhwwG.gif <cite>Romulox28 posted [p:897231412] in Renting = ... [t:76383865]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote>Wow, you're really upset because you don't know how real estate works. 5 years is what a lot of experts say as the (meager) equity built along with appreciation should offset closing costs. I think I'll take their word over some guy who throws a fit because he doesn't know anything about real estate 101.</quote> but isnt this assuming that you are putting down 20%, that your house is going to appreciate, etc</quote> ... Copied to Clipboard!
LightHawKnight 03/05/18 5:09:01 PM #40:	https://www.youtube.com/watch?v=YHU_KLYhibI --- The Official Odin of the Shin Megami Tensei IV board. "You know how confusing the whole good-evil concept is for me." <cite>LightHawKnight posted [p:897231451] in Renting = ... [t:76383865]...</cite> <quote> https://www.youtube.com/watch?v=YHU_KLYhibI</quote> ... Copied to Clipboard!
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MrDrMan 03/05/18 5:10:23 PM #42:	Romulox28 posted... JustMyOpinion posted... Wow, you're really upset because you don't know how real estate works. 5 years is what a lot of experts say as the (meager) equity built along with appreciation should offset closing costs. I think I'll take their word over some guy who throws a fit because he doesn't know anything about real estate 101. but isnt this assuming that you are putting down 20%, that your house is going to appreciate, etc Yes, it is. There is no guarantee that a house will be worth enough in 5 years that you won't lose money selling it when accounting for other expenses of owning. It's just bad advice. Completely depends on the housing market in the area, value of the home, upkeep of the home, etc. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897231523] in Renting = ... [t:76383865]...</cite> <quote><cite>Romulox28 posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote>Wow, you're really upset because you don't know how real estate works. 5 years is what a lot of experts say as the (meager) equity built along with appreciation should offset closing costs. I think I'll take their word over some guy who throws a fit because he doesn't know anything about real estate 101.</quote> but isnt this assuming that you are putting down 20%, that your house is going to appreciate, etc</quote> Yes, it is. There is no guarantee that a house will be worth enough in 5 years that you won't lose money selling it when accounting for other expenses of owning. It's just bad advice. Completely depends on the housing market in the area, value of the home, upkeep of the home, etc.</quote> ... Copied to Clipboard!
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KarmaMuffin 03/05/18 5:11:20 PM #44:	I think most people should wait until their early 30s or so to buy a home. Your early 20s are spent in school and your mid 20s are getting a foothold in your career. You need to be flexible in where you live so as to be in demand and paid well. By the time you hit your late 20s you should be more established and able to start thinking about home ownership. I guess it's about priorities and time/risk management. If you can handle selling a home when you're 5 states away, go for it. The rest of us like having the ability to finish/break a lease and moving on for a higher salary. LordMarshal posted... This will be modded.... They're also talking past each other. JustMyOpinion even said that in most cases it would take about 5 years to get a profit and MrDrMan is saying he moved 3 times in as many years. They're different situations, neither one is really disagreeing with each other. <cite>KarmaMuffin posted [p:897231571] in Renting = ... [t:76383865]...</cite> <quote>I think most people should wait until their early 30s or so to buy a home. Your early 20s are spent in school and your mid 20s are getting a foothold in your career. You need to be flexible in where you live so as to be in demand and paid well. By the time you hit your late 20s you should be more established and able to start thinking about home ownership. I guess it's about priorities and time/risk management. If you can handle selling a home when you're 5 states away, go for it. The rest of us like having the ability to finish/break a lease and moving on for a higher salary. <cite>LordMarshal posted...</cite> <quote>This will be modded.... </quote> They're also talking past each other. JustMyOpinion even said that in most cases it would take about 5 years to get a profit and MrDrMan is saying he moved 3 times in as many years. They're different situations, neither one is really disagreeing with each other.</quote> ... Copied to Clipboard!
MrDrMan 03/05/18 5:12:32 PM #45:	JustMyOpinion posted... MrDrMan posted... JustMyOpinion posted... Wow, you're really upset because you don't know how real estate works. 5 years is what a lot of experts say as the (meager) equity built along with appreciation should offset closing costs. I think I'll take their word over some guy who throws a fit because he doesn't know anything about real estate 101. I work in construction. I know real estate. You don't know what you're talking about. You don't understand the value of flexibility and not being locked in for even 5 years. Pffft. Construction doesn't make you an expert on real estate. By that terrible logic I must be an expert because buying a house is a financial decision (in part) and I work in finance. I didn't say it made me an expert but exactly what experience do you have? Because where I work we buy a house and flip it every 2 months. You make it seem like you can buy any house, wait 5 years and you'll make money and that is beyond false. I'm not the finance guy but I know enough to tell you that you're giving bad advice. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897231646] in Renting = ... [t:76383865]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote>Wow, you're really upset because you don't know how real estate works. 5 years is what a lot of experts say as the (meager) equity built along with appreciation should offset closing costs. I think I'll take their word over some guy who throws a fit because he doesn't know anything about real estate 101.</quote> I work in construction. I know real estate. You don't know what you're talking about. You don't understand the value of flexibility and not being locked in for even 5 years.</quote> Pffft. Construction doesn't make you an expert on real estate. By that terrible logic I must be an expert because buying a house is a financial decision (in part) and I work in finance.</quote> I didn't say it made me an expert but exactly what experience do you have? Because where I work we buy a house and flip it every 2 months. You make it seem like you can buy any house, wait 5 years and you'll make money and that is beyond false. I'm not the finance guy but I know enough to tell you that you're giving bad advice.</quote> ... Copied to Clipboard!
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MrDrMan 03/05/18 5:14:59 PM #47:	JustMyOpinion posted... MrDrMan posted... JustMyOpinion posted... MrDrMan posted... REMercsChamp posted... MrDrMan posted... An angry renter? Color me surprised! I'm not angry I just don't tolerate disrespect. I didn't tell anyone to shut the fuck up so why should I let someone tell me that. Besides that you guys are just spreading bad information. Shut the fuck up and learn how housing works. Then you can comment. I'm ten times smarter than you man. Please keep your shitty opinions to yourself. Imagine telling someone to stay 5 years for a small profit. That just shows that you have no idea what to do as far as investing that you couldn't make that money without locking yourself into something you don't want for 5 years. Learn to read. I only argued that if you're thinking of renting or buying, 5 years is right around the time you'd be indifferent between the two assuming a 2008 doesn't happen again. You might have picked up on that if you weren't blinded by your anger. Now shut the fuck up. Ok if you read the topic I've been preaching that renting is better because of flexibility and because you can move whenever. Obviously someone that stays in a place 5+ years at a time is not who I'm talking about. I really don't understand why they haven't banned you for just sheer stupidity at this point. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897231797] in Renting = ... [t:76383865]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>MrDrMan posted...</cite> An angry renter? Color me surprised!</quote> I'm not angry I just don't tolerate disrespect. I didn't tell anyone to shut the fuck up so why should I let someone tell me that. Besides that you guys are just spreading bad information.</quote> Shut the fuck up and learn how housing works. Then you can comment.</quote> I'm ten times smarter than you man. Please keep your shitty opinions to yourself. Imagine telling someone to stay 5 years for a small profit. That just shows that you have no idea what to do as far as investing that you couldn't make that money without locking yourself into something you don't want for 5 years.</quote> Learn to read. I only argued that if you're thinking of renting or buying, 5 years is right around the time you'd be indifferent between the two assuming a 2008 doesn't happen again. You might have picked up on that if you weren't blinded by your anger. Now shut the fuck up.</quote> Ok if you read the topic I've been preaching that renting is better because of flexibility and because you can move whenever. Obviously someone that stays in a place 5+ years at a time is not who I'm talking about. I really don't understand why they haven't banned you for just sheer stupidity at this point.</quote> ... Copied to Clipboard!
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DragonGirlYuki 03/05/18 5:17:29 PM #49:	MrDrMan is melting down. --- ~Yuki~ <cite>DragonGirlYuki posted [p:897231952] in Renting = ... [t:76383865]...</cite> <quote>MrDrMan is melting down.</quote> ... Copied to Clipboard!
MrDrMan 03/05/18 5:17:33 PM #50:	JustMyOpinion posted... MrDrMan posted... JustMyOpinion posted... MrDrMan posted... REMercsChamp posted... MrDrMan posted... An angry renter? Color me surprised! I'm not angry I just don't tolerate disrespect. I didn't tell anyone to shut the fuck up so why should I let someone tell me that. Besides that you guys are just spreading bad information. Shut the fuck up and learn how housing works. Then you can comment. I'm ten times smarter than you man. Please keep your shitty opinions to yourself. Imagine telling someone to stay 5 years for a small profit. That just shows that you have no idea what to do as far as investing that you couldn't make that money without locking yourself into something you don't want for 5 years. Learn to read. I only argued that if you're thinking of renting or buying, 5 years is right around the time you'd be indifferent between the two assuming a 2008 doesn't happen again. You might have picked up on that if you weren't blinded by your anger. Now shut the fuck up. Keyword: ASSUMING. Your advice is based on if everything goes perfect which isn't reality. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:897231956] in Renting = ... [t:76383865]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>MrDrMan posted...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>MrDrMan posted...</cite> An angry renter? Color me surprised!</quote> I'm not angry I just don't tolerate disrespect. I didn't tell anyone to shut the fuck up so why should I let someone tell me that. Besides that you guys are just spreading bad information.</quote> Shut the fuck up and learn how housing works. Then you can comment.</quote> I'm ten times smarter than you man. Please keep your shitty opinions to yourself. Imagine telling someone to stay 5 years for a small profit. That just shows that you have no idea what to do as far as investing that you couldn't make that money without locking yourself into something you don't want for 5 years.</quote> Learn to read. I only argued that if you're thinking of renting or buying, 5 years is right around the time you'd be indifferent between the two assuming a 2008 doesn't happen again. You might have picked up on that if you weren't blinded by your anger. Now shut the fuck up.</quote> Keyword: ASSUMING. Your advice is based on if everything goes perfect which isn't reality.</quote> ... Copied to Clipboard!
lesidesi 03/05/18 5:18:01 PM #51:	often people that make a claim and speaks in insular, absolute terms have no actual idea what they're talking about because they can't look beyond their own circumstances --- If they can get you asking the wrong questions, they don't have to worry about the answers. <cite>lesidesi posted [p:897231980] in Renting = ... [t:76383865]...</cite> <quote>often people that make a claim and speaks in insular, absolute terms have no actual idea what they're talking about because they can't look beyond their own circumstances</quote> ... Copied to Clipboard!
REMercsChamp 03/05/18 5:18:08 PM #52:	DragonGirlYuki posted... MrDrMan is melting down. --- https://i.imgur.com/lwkIVOb.png <cite>REMercsChamp posted [p:897231989] in Renting = ... [t:76383865]...</cite> <quote><cite>DragonGirlYuki posted...</cite> <quote>MrDrMan is melting down.</quote></quote> ... Copied to Clipboard!
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Current Events > Renting = throwing away money (+) Yeah! (+)

Current Events > Renting = throwing away money