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What's with the misc obsession with home ownership ?
09-03-2017, 03:57 PM
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#61
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Originally Posted By BustaCapp⏩
itsthatcity next to leeds in west yorkshire, just checked council bandings on the council website any house over 320k is on band H at just under 3Gs a year fawk me, thought i was in line for years worth of refunds for a secMy property is a 4 bed detached.
Do you live in a well to do area?
Do you live in a well to do area?
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09-03-2017, 04:00 PM
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#62
09-03-2017, 04:00 PM
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#63
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Originally Posted By refsum⏩
Nice counter to my numbers bro. So basically you're saying that these major maintenance items such as a furnace and tree removal will happen constantly? I guess you must have the worst luck ever. Strong coping, strong dodging.Property tax rate in Lakewood is 2.49%
You are not getting a house for $70,000 here. check zillow
$90,000 x 0.0249 / 12= $187 per month in tax alone
plus more utilities, oh and looks like your furnace just went out. That will be a quick $6,000. THat tree in the back will need to come down $2,000
It is just not worth it for a single guy in his 20s. You are burning more money than renting
You are not getting a house for $70,000 here. check zillow
$90,000 x 0.0249 / 12= $187 per month in tax alone
plus more utilities, oh and looks like your furnace just went out. That will be a quick $6,000. THat tree in the back will need to come down $2,000
It is just not worth it for a single guy in his 20s. You are burning more money than renting
Do your due diligence and run the numbers for yourself. Clearly you haven't and you are not ready for home ownership, that's fine.
09-03-2017, 04:01 PM
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Originally Posted By HMFIC_BROWSIN⏩
Your numbers don't reflect that but ok.my argument is that renting is equal or better than buying, and almost certainly better to rent if you don't have kids.
09-03-2017, 04:05 PM
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#65
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Originally Posted By NeonEagle⏩
Rentcels working over time to fudge the math to sound superior while sharing walls.homeowners coping hard
Sounding like all the 30 year olds we got here still living in mommys basement for financial gain.
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09-03-2017, 04:05 PM
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#66
It's a joke in Oz. Home ownership occupies a similar place in the Aussie national psyche as freedom and guns do in the US. A friend is a corporate loans manager for a major bank and he says the Aussie tendency to a) pay whatever is asked for a house and b) service the loan even when there is no money for food or heating means our real-estate market is custom-made for speculative bubbles which last like a fkn Duracell.
You know how the US had that bubble that burst and the whole world was plunged into recession? Australia was ahead of the US in the bubble stakes when the US dipped out, and we've only added to it since. The bubble blots out the fkn sun. Multiple millions for utter chit-tips, as in fumigate before renovation, hole in the wall, chase off the squatters chit-tips. I recall a parking space selling for not much less than a half a million, just fkn lol. Local right-wing rag tried to run a 'young businesswoman shows scumbags how it's done' story, turns out she was a dead-set baroness with a parcel of land in Scotland which came in handy as leverage for the loan on her first investment property while she lived with mummsy and daddsy. Oh how we laughed.
This bubble is different and will never burst, though. So that's a relief.
You know how the US had that bubble that burst and the whole world was plunged into recession? Australia was ahead of the US in the bubble stakes when the US dipped out, and we've only added to it since. The bubble blots out the fkn sun. Multiple millions for utter chit-tips, as in fumigate before renovation, hole in the wall, chase off the squatters chit-tips. I recall a parking space selling for not much less than a half a million, just fkn lol. Local right-wing rag tried to run a 'young businesswoman shows scumbags how it's done' story, turns out she was a dead-set baroness with a parcel of land in Scotland which came in handy as leverage for the loan on her first investment property while she lived with mummsy and daddsy. Oh how we laughed.
This bubble is different and will never burst, though. So that's a relief.
09-03-2017, 04:07 PM
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#67
09-03-2017, 04:08 PM
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#68
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Originally Posted By 7rmr⏩
saying a bank doesn't own your house with a mortgage is like saying a wife doesn't own you with a marriage certificate. of COURSE you're still your own person and can do what you please, even cheat but just lol @ thinking she cant strip you down to your last knickers and socks in a divorce settlement should you stop paying "fidelity rent"Sure. But that doesn't mean the bank owns the house. They just have a charge on the property as security for the loan.
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09-03-2017, 04:09 PM
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rented an apartment for a year and never again,currently renting my fathers townhouse from him so atleast the money is staying in the family,the thought of giving some stranger $1k a month and getting no equity in return makes me cringe.
09-03-2017, 04:11 PM
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#70
Originally Posted By Fuqdatass⏩
Such thisBut who was equity and not giving away rent money every month?
Bought a house 4 years ago for $170k. Selling it in the next few months and will pocket over $100k.
Made minimum monthly payments.
Yay for appreciation
09-03-2017, 04:14 PM
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#71
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Originally Posted By DrWilliam⏩
How not?Your numbers don't reflect that but ok.
the homeowner is spending $889/mn in PURE LOSS. That $889 doesn't even include the capital payment of the home purchase, only the interest and expenses. Myself as a renter I found a 1BR apartment last thanksgiving that I paid $672/mn on a 6 month lease. Not a luxury apartment or anything, but I don't need it because I don't have kids.
the homeowner contributed part of his mortgage towards "equity", again this doesn't include any of the $889 calculated. I took that money and put it into 401k, IRA, HSA. So I'm putting myself into a tax advantaged position, without contributing to "equity", AND spending $217 less per month than the homeowner is paying on interest/tax/maintenance (all of which is included in rent. Fridge goes out? call the apartment office, they bring you a new one)
If you're a single brah no kids, you don't need 2,500 empty square feet and 2 extra empty bedrooms. Just rent. If a better job opportunity pops up on the other side of town, move closer to it. Hell, maybe you'll get lucky and gain living space and not pay rent at all because you seized some random winfall opportunity.
09-03-2017, 04:15 PM
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#72
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Some of you home owners need to check yourselves, you dont know everything. Please stop acting like you do. Owning a home and another property doesnt make you an expert and to say outright renting is bad and/or a waste. Like owning a home, there are many moving parts to paying for it. Renting is the same way. Iv been doing it since 2004 due to moving often for my career, so I know...I know the renters side of things.
Originally Posted By DrWilliam⏩
holy hell, if thats not a broad and vague fuking response, I dont know what is. Reminds me of those get rich seminars. You want to just assume people have the ability to jump in a buy a home, over 50% of the US doesnt even have $2k in their bank account. Fix it up...thats 5-6 months of work at least, at an average persons pace. Dont act like its easy to do, come on.Who was buy house cash, fix it up, stay in it and then eventually sell it out or rent?
Originally Posted By BustaCapp⏩
Blows my mind how people literally cannot see that purchasing a house is an investment whilst renting is like setting your money on fire every month.
Originally Posted By Ratfish⏩
Been renting since 2004, since I move around the east coast every 3-5 years for my career. I can tell you for a fact, you arent right, not wrong, but you arent 100% correct. You guys dont know everyones situations and you have NO clue how to properly hunt for a good deal for renting a home/duplex nor how to negotiate(obviously, since you guys seem to be against renting, you probably dont ever deal with trying to rent for yourself) If you own property and rent yourself, that doesnt make you an expert on renting at all, you're on the owners end, not the renters end. You all may own your home or be paying it off but there are plenty of ways to rent the right way.You're either living with housemates or loud neighbors stomping around while you're trying to sleep
Or you're paying double renting a house
Or you're paying double renting a house
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09-03-2017, 04:18 PM
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#73
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Home ownership is the ass eating of personal responsibility.
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09-03-2017, 04:20 PM
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#74
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Originally Posted By hoganrulz⏩
My house was £185k. If you paid £300k+ then it's no surprise the council tax stings.itsthatcity next to leeds in west yorkshire, just checked council bandings on the council website any house over 320k is on band H at just under 3Gs a year fawk me, thought i was in line for years worth of refunds for a sec
I'm assuming you live in at least 5 bed detached?
fist yourself
09-03-2017, 04:21 PM
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#75
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It's all about having that house in the suburbs with the picket fence.
However, no picket fence is enough of a deterrent to prevent dudes from trespassing while on their way to pound your wife, who has Chad Johnson, Tyrone Jamal, Dr. Chad Akbar, and Fernando Fernando on speed dial, while you are slaving away at work and the kids are goofing off at private school (you're financing everything, of course).
Brb, Junior gets expelled for sodomizing another kid with a pencil in the middle of class and you have to sell your house and move into an apartment in order to pay the necessary legal fees.
Meanwhile your wife moves in with Dr. Chad Akbar.
However, no picket fence is enough of a deterrent to prevent dudes from trespassing while on their way to pound your wife, who has Chad Johnson, Tyrone Jamal, Dr. Chad Akbar, and Fernando Fernando on speed dial, while you are slaving away at work and the kids are goofing off at private school (you're financing everything, of course).
Brb, Junior gets expelled for sodomizing another kid with a pencil in the middle of class and you have to sell your house and move into an apartment in order to pay the necessary legal fees.
Meanwhile your wife moves in with Dr. Chad Akbar.
09-03-2017, 04:21 PM
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#76
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Homeownership vs rental calculation is just a tool for building net worth. Ultimately increase in net worth is the goal--renting vs ownership totally depends on the individual.
09-03-2017, 04:24 PM
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#77
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Originally Posted By BustaCapp⏩
4officially 5, but its a 4 and a storage room with a single bed in it really, goddamn 185 for a four bed? mustve got that like early 2000s?My house was £185k. If you paid £300k+ then it's no surprise the council tax stings.
I'm assuming you live in at least 5 bed detached?
I'm assuming you live in at least 5 bed detached?
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09-03-2017, 04:26 PM
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#78
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Didn't read the thread but it must have been said:
You are dumb AF if you wait or if you can buy and you choose to rent
Brb
-Paying rent for someone else's mortgage=cuck
-Property values historically go up (at least in my area)
-You can mostly modify anything
-Can't be evicted
Srs, wish I bought when I was 18. Feel like a fool waiting until my mid 20's before I bought my first apartment.
I'm in a house now, ****er already up in value after 1 year
You are dumb AF if you wait or if you can buy and you choose to rent
Brb
-Paying rent for someone else's mortgage=cuck
-Property values historically go up (at least in my area)
-You can mostly modify anything
-Can't be evicted
Srs, wish I bought when I was 18. Feel like a fool waiting until my mid 20's before I bought my first apartment.
I'm in a house now, ****er already up in value after 1 year
09-03-2017, 04:26 PM
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#79
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My mortgage payment (including taxes and HOI) is $300 cheaper than rent in a 1br apartment in my area.
So, I am building equity that I can recoup when I sell, and I am saving an extra $3600 a year to have more space and privacy.
Enjoy your rent though, I hope the landlord is a nice guy.
So, I am building equity that I can recoup when I sell, and I am saving an extra $3600 a year to have more space and privacy.
Enjoy your rent though, I hope the landlord is a nice guy.
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09-03-2017, 04:39 PM
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#80
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Originally Posted By AlwaysFocus⏩
How in the fuking world do you buy a house when you are 18?Didn't read the thread but it must have been said:
You are dumb AF if you wait or if you can buy and you choose to rent
Brb
-Paying rent for someone else's mortgage=cuck
-Property values historically go up (at least in my area)
-You can mostly modify anything
-Can't be evicted
Srs, wish I bought when I was 18. Feel like a fool waiting until my mid 20's before I bought my first apartment.
I'm in a house now, ****er already up in value after 1 year
You are dumb AF if you wait or if you can buy and you choose to rent
Brb
-Paying rent for someone else's mortgage=cuck
-Property values historically go up (at least in my area)
-You can mostly modify anything
-Can't be evicted
Srs, wish I bought when I was 18. Feel like a fool waiting until my mid 20's before I bought my first apartment.
I'm in a house now, ****er already up in value after 1 year
brb graduate highschool and buying a house
ok jeff
so much rustling in this thread
I plan on renting, why? I don't feel like giving a fuk about the place I live in as in maintenance or repairs and when I get bored of the area I'm in I can just get out
I buy a house and I'm mostly stuck there while having to deal the headaches of owning a home.
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09-03-2017, 04:47 PM
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#81
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"You don't have to pay rent"
Uh, don't understand this argument at all. You still have to pay mortgage, and you're at risk of being foreclosed, no different from being evicted.
If you're paying rent, the rent money goes to the mortgage, unless you're being ripped off by a landlord.
The only way to get a home with no mortgage is if you invest in tax sales (but the general public has no idea what this is).
Uh, don't understand this argument at all. You still have to pay mortgage, and you're at risk of being foreclosed, no different from being evicted.
If you're paying rent, the rent money goes to the mortgage, unless you're being ripped off by a landlord.
The only way to get a home with no mortgage is if you invest in tax sales (but the general public has no idea what this is).
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09-03-2017, 04:51 PM
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#82
you can pay $300k for a house, and yearly $10k prop taxes + upkeep forever
or $1k a month comparable rent forever and save the difference
renting is way cheaper and easier.
Enjoy living your life surrounded by a holes, having no privacy, having nothing to write off,never knowing the perks of owning your own chit,paying for water, etc.or $1k a month comparable rent forever and save the difference
renting is way cheaper and easier.
Yea, you can pay 10k in taxes ..if you live in a high COL and taxed state. Why piss away all your money giving it to the govt. I traded NY for VA.
I live on 72 acres, pay $1600 in taxes, have only 1 neighbor within 2 miles of me both ways.
I built a range on my property. I can hunt and fish.
My house runs on solar.. a 2k sq foot home that runs on $8-30 a month. I have a 100x50 garden grow my own veggies cutting down on my food costs. I planted a orchard and am beginning to get fruit... apples, peaches, figs, assorted berries.
I could make a list of the benefits, but why bother.
Youd rather live the cuck life.
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09-03-2017, 04:52 PM
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#83
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Originally Posted By JonZ⏩
And I'd rather not live how you liveEnjoy living your life surrounded by a holes, having no privacy, having nothing to write off,never knowing the perks of owning your own chit,etc.
Yea, you can pay 10k in taxes ..if you live in a high COL and taxed state. I traded NY for VA.
I live on 72 acres, pay $1600 in taxes, have only 1 neighbor within 2 miles of me both ways.
I built a range on my property.
My house runs on solar, it costs me $8 a month. I grow my own veggies cutting down on my food costs.
I could make a list of the benefits, but why bother.
Youd rather live the cuck life.
Yea, you can pay 10k in taxes ..if you live in a high COL and taxed state. I traded NY for VA.
I live on 72 acres, pay $1600 in taxes, have only 1 neighbor within 2 miles of me both ways.
I built a range on my property.
My house runs on solar, it costs me $8 a month. I grow my own veggies cutting down on my food costs.
I could make a list of the benefits, but why bother.
Youd rather live the cuck life.
Sounds terrible and depressing
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We're all gonna make it
sleep tight pupper
09-03-2017, 04:59 PM
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#84
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Originally Posted By Fuqdatass⏩
Fkn this.But who was equity and not giving away rent money every month?
Building equity > throwing away your money to some random snake landlord.
09-03-2017, 05:06 PM
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#85
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Originally Posted By CheekyChris23⏩
Fkn LMAOIt's all about having that house in the suburbs with the picket fence.
However, no picket fence is enough of a deterrent to prevent dudes from trespassing while on their way to pound your wife, who has Chad Johnson, Tyrone Jamal, Dr. Chad Akbar, and Fernando Fernando on speed dial, while you are slaving away at work and the kids are goofing off at private school (you're financing everything, of course).
Brb, Junior gets expelled for sodomizing another kid with a pencil in the middle of class and you have to sell your house and move into an apartment in order to pay the necessary legal fees.
Meanwhile your wife moves in with Dr. Chad Akbar.
However, no picket fence is enough of a deterrent to prevent dudes from trespassing while on their way to pound your wife, who has Chad Johnson, Tyrone Jamal, Dr. Chad Akbar, and Fernando Fernando on speed dial, while you are slaving away at work and the kids are goofing off at private school (you're financing everything, of course).
Brb, Junior gets expelled for sodomizing another kid with a pencil in the middle of class and you have to sell your house and move into an apartment in order to pay the necessary legal fees.
Meanwhile your wife moves in with Dr. Chad Akbar.
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09-03-2017, 05:12 PM
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#86
09-03-2017, 05:19 PM
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#87
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Originally Posted By DrWilliam⏩
Right, it's called a Deed of Trust.Right, they have a lien basically.
09-03-2017, 05:21 PM
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#88
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OP stop fraudin, we all know you're a "home owner"
09-03-2017, 05:28 PM
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#89
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rented my whole life until I bought this house 2 years ago
1. fuk landlords. I am so glad not having to worry about going through a landlord for every little thing. Last one was super OCD and nosy.
2. fuk other tenants. I don't even know how I dealt with having other people live so close to me.
3. I'm paying LESS than it would cost to rent a home this size. I've looked. Ya ya I have to pay for stuff that breaks but as long as you don't buy a sh!thole and you won't break the bank. If you're not handy at fixing stuff around the house lol @ you.
1. fuk landlords. I am so glad not having to worry about going through a landlord for every little thing. Last one was super OCD and nosy.
2. fuk other tenants. I don't even know how I dealt with having other people live so close to me.
3. I'm paying LESS than it would cost to rent a home this size. I've looked. Ya ya I have to pay for stuff that breaks but as long as you don't buy a sh!thole and you won't break the bank. If you're not handy at fixing stuff around the house lol @ you.
09-03-2017, 05:30 PM
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#90
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There's pros and cons with both.
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