Renting and reinvesting the savings from renting, will outperform owning and building equity

[Adeptus Astartes]

In the bay people pay more to rent a 1 or 2 bedroom apartment then my mortgage on my 5 bedroom house..


Niccaz been watching too much vlad tv letting them talk you into renting while they OWN there property.


Be stupid breh

I live in the bay, breh. shyt's wild ouchea. I just bought a 5bd place in Sonoma county with land. I'd be paying $2500 plus to rent a 1bd closet in Oakland or SF.

 

[theworldismine13]

I live in Arlington, VA. I pay $1800 a month for a one bedroom. If I bought a comparable place, it would run me about 2600-2800 a month for mortgage and HOA.

then move

 

[Robbie3000]

do you have rent control? that difference is huge.

Nope. But that is the difference in my neighborhood and in other comparable neighborhoods...this is including HOA fees which are significant.

 

[theworldismine13]

I live in the bay, breh. shyt's wild ouchea. I just bought a 5bd place in Sonoma county with land. I'd be paying $2500 plus to rent a 1bd closet in Oakland or SF.

how much?

 

[Robbie3000]

then move

I'll probably move back to the A in a year or so.

 

[theworldismine13]

I'll probably move back to the A in a year or so.

ok problem solved, now stop posting up dumb threads

 

[Standing on business]

Everything is relative. Depends on your situation and goals. There's no absolutes. Tons of black families still underwater on their mortgage from real estate crash decade ago

Im not sure how a lender/loan officer could look at themselves in the mirror after giving them ARM’s knowing those folk had no idea what that was.

 

[theworldismine13]

Im not sure how a lender/loan officer could look at themselves in the mirror after giving them ARM’s knowing those folk had no idea what that was.

interest rates have been low since forever, anybody with an ARM this past decade has been good

 

[Robbie3000]

ok problem solved, now stop posting up dumb threads

I ran your punk ass out of HL. Don't make me run you out of TLR. I'm being a gentleman for the minute.

 

[Adeptus Astartes]

how much?

I pay 3800 for the mortgage. Not bad for a bay area home. I have family living with me too, and they chip in.

 

[theworldismine13]

I ran your punk ass out of HL. Don't make me run you out of TLR. I'm being a gentleman for the minute.

you ran everybody out of HL, nobody posts there except for your communists buddies, you got run out of TLR by ADOS remember? what are you even doing here?

your thread is dumb and you are giving bad advice

 

[Standing on business]

interest rates have been low since forever, anybody with an ARM this past decade has been good

Yea thankfully, they’re probably about to go up in the next few years though. I don’t remember the exact time but somewhere between 2007-09ish my boss during that time rate went up to like 6%. It messed her up so bad.

 

[ultraflexed]

I live in the bay, breh. shyt's wild ouchea. I just bought a 5bd place in Sonoma county with land. I'd be paying $2500 plus to rent a 1bd closet in Oakland or SF.

Where in somona breh, you in wine country..

 

[ultraflexed]

my boss during that time rate went up to like 6%. It messed her up so bad.

Your boss's credit must of been extremely bad.
My first house with okay credit I was a 4.7%

Then my second house with great credit is at a 4.2%

 

[Deuterion]

nope its not relative at all, anybody telling you not to buy real estate is an idiot and doesnt know what the hell they are talking about

the only questions are when and how much (the answers are ASAP, as much as you can, respectively), not if

once you get it do not let it go unless somebody puts a gun to your head or you are buying something bigger,

after you get settled or rent it out start making plans to buy your next property

One size fits all advice is seldom good advice. There are tangible benefits to renting which make it a viable and good choice for many lifestyles. For one, your liability is only the rent payment, everything else is the responsibility of the owner or owner's agent. You could be making sound investments in other aspects of your life e.g. Business, Stocks, and etc and simply not want to be encumbered by something like Real Estate that has carrying costs.