apartment or house - TranceAddict Forums

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-- apartment or house

Posted by SID133 on Jul-31-2004 00:28:

apartment or house

i have a question for ya in the dfw area or wherever you see im about to be moving into a new apartment and its going to be a 3 bedroom and 2 bath so its ganna run about 1123 for EACH month so what me and my roomates were thinking was fuck it lets get a house but ive never bought or thought about getting a house i wanted to ask is it worth it to get a house or should we continue to just pay rent and stay at the apartment.

i was kinda hopin maybe somebody else had gone through something like this before and give alittle insite into the matter.
thanks later

Posted by D Dubya on Jul-31-2004 02:54:

My roommate is a real estate appraiser for the DFW area. I asked him your question.... Depending on your location that will decide whether or not you should get a house. If youre in dallas, then stick with the apartment cause that is a good price. If you're in arlington then you can probably afford about a 150,000 house for the same price each month (but you will also need to put down a dowpayment). Hope this helps.

Posted by SID133 on Aug-01-2004 00:01:

thanxs man that help out alot we are planning on just getting the apartment cause of all the shit that goes into getting its going to be in the arlington area right off of 360 so it in a good location

Posted by peterdjsgirl on Aug-01-2004 04:29:

Just another point... it isn't usually worth it to buy a house unless you are staying some place for at least 5 yrs. Which you may be, but wanted to point that out.

Posted by prolikewhoa on Aug-08-2004 09:47:

Posted by D Dubya on Aug-08-2004 09:51:

Yes, normally that is true, but at the same time if you know what you are doing you can flip properties for a good profit. Granted, you don't want to move all your stuff in and then 9 months later clean it all out, but real estate is explosive right now. If you think buying a house in dallas is a bad investment then you need to think again. There is nothing here that won't turn a profit.

Posted by Izzy on Aug-10-2004 23:54:

quote:
Originally posted by peterdjsgirl
Just another point... it isn't usually worth it to buy a house unless you are staying some place for at least 5 yrs. Which you may be, but wanted to point that out.

i disagree.
go with the house.

on a $150k house you would be paying about about the same amount (if not less) in mortgage payments (30 year fixed) as you would rent on that apt mentioned. but the difference is that money you pay in mortgage is going into your own equity where as apt is going down the tiolet. within 1 year you've payed off the closing costs of a mortgage and after about 3 years you have an equity (your own cash basicly) of $10k

not only that, in texas you have great tax incentives for buying a home. most of what you pay as property tax can be written off as income tax saving you hundreds.

and now would be better time than next year in buying a house cause interest rates are starting to go up

Posted by D Dubya on Aug-11-2004 05:29:

Leave it to a fellow aggie to agree with me. He knows what he is talking about. By the way, Izzy, what's your major? I graduated Ag Development and was thinking of going thru LERE

Posted by Izzy on Aug-12-2004 01:57:

quote:
Originally posted by Dirk W.
Leave it to a fellow aggie to agree with me. He knows what he is talking about. By the way, Izzy, what's your major? I graduated Ag Development and was thinking of going thru LERE

I graduated this May with a computer engineering degree. What are you doing now in dallas? LERE would be cool... my brother and i are trying to open up an intellegence and consulting company for the hospitality & bar/restraunt industry. interested? i'm going to be moving to austin in a few weeks for another job but eventually he and i will become millionares and live the american dream (mu-hahaha)

Posted by Photo_bot_2k1 on Aug-12-2004 07:01:

lemme be the first to talk for someone not living in texas...
i live in an 1 bedroom apartment and it costs 1200 a month
my parents live in a 600k house and its only like a 3 bedroom place

lucky texan bastards...
:P