Current Events > if you had 300k, is it better to buy a place to live or do something else?

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MedeaLysistrata
02/04/23 11:24:42 PM
#1:


say you don't have a place to live. i don't have 300k btw.

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a-c-a-b
02/04/23 11:30:39 PM
#2:


You can't buy anything for 300k here.

A small 3 bedroom bungalow is pretty much a million dollars these days.

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Ratchetrockon
02/04/23 11:32:15 PM
#3:


id use that money to buy a rtx 4090, the mjolnir carbon cc amp for electrostatic headphones, a larger oled tv maybe like 90 inches+ and 8k idk, and i would also be tempted to buy the sennheiser he-1 and hifiman susvara for review purposes

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Zangrief
02/04/23 11:32:36 PM
#4:


Median housing price is around 380k... not sure where you're buying a "Palace" for less than that.

Edit: I can't read. Thanks Bowl.
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Irony
02/04/23 11:34:52 PM
#5:


No one said palace

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EyeWontBeFooled
02/04/23 11:35:37 PM
#6:


Put a down payment on a half decent house. Pay off some debts. Nest egg whatever is left.

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Zangrief
02/04/23 11:36:11 PM
#7:


Irony posted...
No one said palace

Shit, this bowl must be hitting me hard...
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MedeaLysistrata
02/04/23 11:42:21 PM
#8:


you can def get a bachelor condo for 300k

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Flauros
02/04/23 11:42:56 PM
#9:


or buy 300 crack houses

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NoxObscuras
02/04/23 11:44:49 PM
#10:


I'd put it as a down payment for a nice house. Make the mortgage payments more affordable.

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Zangrief
02/04/23 11:46:41 PM
#11:


MedeaLysistrata posted...
you can def get a bachelor condo for 300k

Yeah, I misread the topic title. And I never said you can't buy a home for under 380. That's literally the point of median...
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dj1200
02/04/23 11:58:02 PM
#12:


put it all in eth

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Homeless_Waifu
02/05/23 12:01:22 AM
#13:


For 300k you're better off living the middle of nowhere and buying ~200k house there

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VampireCoyote
02/05/23 12:01:50 AM
#14:


no way home ownership is a total scam, you pay so much in property taxes and upkeep of the place

find some dirt cheap place and just chill

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MabusIncarnate
02/05/23 12:03:22 AM
#15:


Sit on it until the inevitable housing market crash, right now is a really bad time to try and buy property, it's likely going to lose value over the years. I'd stash it away and see what happens over the next 10 years or so and then decide, unless an opportunity comes up between then and now.

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WarfireX
02/05/23 12:04:50 AM
#16:


You can buy a great place if you have $300K. You might need to finance some part of it, but you'd be up fronting the bulk of a mortgage for a nice townhouse in a good part of Uptown Phoenix. Maybe you can't live in Seattle or LA but it's a nice area.

And yes, you should prioritize having affordable living over any other expenses IE a nice vehicle, or whatever.

When you're renting, you are paying someone else's mortgage. Renting is fine if you are planning on moving around, but most people on CE are not.

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Glob
02/05/23 12:52:17 AM
#17:


WarfireX posted...
You can buy a great place if you have $300K. You might need to finance some part of it, but you'd be up fronting the bulk of a mortgage for a nice townhouse in a good part of Uptown Phoenix. Maybe you can't live in Seattle or LA but it's a nice area.

And yes, you should prioritize having affordable living over any other expenses IE a nice vehicle, or whatever.

When you're renting, you are paying someone else's mortgage. Renting is fine if you are planning on moving around, but most people on CE are not.

Renting is also fine, I find, when somebody else has to pay the rent.
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MedeaLysistrata
02/05/23 1:06:38 AM
#18:


WarfireX posted...
You can buy a great place if you have $300K. You might need to finance some part of it, but you'd be up fronting the bulk of a mortgage for a nice townhouse in a good part of Uptown Phoenix. Maybe you can't live in Seattle or LA but it's a nice area.

And yes, you should prioritize having affordable living over any other expenses IE a nice vehicle, or whatever.

When you're renting, you are paying someone else's mortgage. Renting is fine if you are planning on moving around, but most people on CE are not.
snorefirex

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Dat_Cracka_Jax
02/05/23 1:12:13 AM
#19:


Depends on your current situation

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