Why do some people consider paying rent throwing money away?
- Thread starter M617
- Start date
posterchild336
Superstar
I know my thing on purchasing..I just spoke about FHA because the prior comment was on a 20 percent topic.. Many people don't know about anything other than conventional loans so I put it out there..
you cannot take equity out on an apt...and you never stop paying rent...
and I rather owe the bank than be someones tenant...
and the people complaining about having too much space...buy a condo/townhouse...
also right now with property being so cheap...you can literally buy a home in a short sales for less than 30k....I know a guy that just payed $17k cash for his home and he has a nice 5 bedroom...he lives in it...but if he wanted to sell it in a few years he would probably get three times his money or he can just rent it out for as much as he wants and make enough money to live in another place if he wanted to....
maybe my mindset is from doing real estate as a kid...but after becoming a homeowner...I could never see myself going backwards...
and I rather owe the bank than be someones tenant...
and the people complaining about having too much space...buy a condo/townhouse...
also right now with property being so cheap...you can literally buy a home in a short sales for less than 30k....I know a guy that just payed $17k cash for his home and he has a nice 5 bedroom...he lives in it...but if he wanted to sell it in a few years he would probably get three times his money or he can just rent it out for as much as he wants and make enough money to live in another place if he wanted to....
maybe my mindset is from doing real estate as a kid...but after becoming a homeowner...I could never see myself going backwards...
What part of Mongolia is he living in
this is here in GA...property is very cheap in the south...oh and btw fukk YOU for iggin my PM
this is here in GA...property is very cheap in the south...oh and btw fukk YOU for iggin my PM
I wouldn't be able to buy a parking spot for $17k here, and I really don't do PMs if it's not basketball related or someone asking me for help in some way
Kilgore Trout
Banned
Ill buy a house somewhere quiet when I get married, until then I plan on renting a nice loft downtown.
I wouldn't be able to buy a parking spot for $17k here, and I really don't do PMs if it's not basketball related or someone asking me for help in some way
that is there....not here...
all I asked was how you were...
I respect your family ...I was not trying to flirt...lol no worries though...
TELL ME YA CHEESIN FAM?
I walk around a little edgy already
I own my home can sell it anytime i want to, Its worth 40k more then what I bought it for what's the issue?
I rather pay my own mortgage then to pay somebody elses
how much taxes u paying on it annually?
Nothing wrong with renting any thing wrong go to the landlord
Your not tied down to a property
Your not tied down to a property
↓R↑LYB
I trained Sheng Long and Shonuff
Home ownership becomes more important the closer you get to retirement age. Once you retire and you're on an fixed income having to spend hundreds or thousands of dollars per month is gonna fukk you in the ass.
thegreatwb
Pro
This. If you buy a house in your 20's and only make the minimum payments, it should be paid off in your 50's. Some young people were able to bounce back when the housing market took a dive by taking second jobs and getting modifications. A lot of older people don't have the same luxuries. I couldn't imagine being 60 years old and upside down on a mortgage. Just take a look at this 101 year old lady that was foreclosed on. The banks don't play when it comes to getting that money.
101-year-old Detroit woman evicted in foreclosure - Yahoo! News
Ill own homes, just not the one I live in.
Owing actual investments >>>> living in a home praying its an investment
Already stated you don't own the Land. This isn't 1822 your kids aren't going to grow up in your house and taker over when you die. Like someone stated why when you rent you can call someone and they fix your shyt. IE if its new shyt like furnace or a sink. Other than that for other shyt you can do exactly what you want and not be hassled.