quote:

Originally posted by gehzumteufel Unless your kids really will live with you till you die, this thought can't be further from the truth depending your situation.

ben you are very very very wrong here.

a home contributes to your net worth (also impacting your fiscal abilities by improving credit and such.) and can be sold , whereas an apartment does nothing but make you lose money and has 0 impact on your net worth.


as a jew, you should know more about money.

you are still paying a mortgage, just someone else's.

___________________
Le Freak - Set Archive

Le Freak - A.D.D & Chimichurri [Techno/Tech House/Music to put on burritos.]*click bitches*

quote:

Originally posted by elFreak ben you are very very very wrong here. a home contributes to your net worth (also impacting your fiscal abilities by improving credit and such.) and can be sold , whereas an apartment does nothing but make you lose money and has 0 impact on your net worth. as a jew, you should know more about money. you are still paying a mortgage, just someone else's.

I know about the net worth thing, but there are many contributing factors that can make your primary residence smarter to own or rent.

Sushi: 4k to own a house per month or 1500 to rent an apartment, 2k for a town home, or even 2-3k for a home depending on where. So assume the worst at 3k for a house (a friend is renting one at 3200 and it is a brand new house) you save 1k/month on rent, property taxes (which 1% on a 900k house is 9k per year for us Californians), you are saving 20k right there. In 1 year. Not including any maintenance that has to be done on the house.

As an investment property, yes it is good, but there are lots of ways that owning a house as a primary residence can be more a crock of shit than people fucking realize.

edit//although the situation above that I explained would warrant owning.

___________________

quote:

Originally posted by bas Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh

quote:

Originally posted by bas Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.

quote:

Originally posted by gehzumteufel I know about the net worth thing, but there are many contributing factors that can make your primary residence smarter to own or rent. Sushi: 4k to own a house per month or 1500 to rent an apartment, 2k for a town home, or even 2-3k for a home depending on where. So assume the worst at 3k for a house (a friend is renting one at 3200 and it is a brand new house) you save 1k/month on rent, property taxes (which 1% on a 900k house is 9k per year for us Californians), you are saving 20k right there. In 1 year. Not including any maintenance that has to be done on the house. As an investment property, yes it is good, but there are lots of ways that owning a house as a primary residence can be more a crock of shit than people fucking realize. edit//although the situation above that I explained would warrant owning.

I was only basing my argument on what you'd said, ie. that the costs of renting vs. owning were similar. If they're not similar, then we're not talking about the same thing any more.

That said though, saving 20k a year by renting doesn't necessarily mean shit. A home owner still has an asset, which is worth money. If you pick your real estate well, it should be increasing in value anyway.

___________________

all that money you "save" in your post you can get back when you sell and even make a profit.

think beyond the now...stop being silly.

even if it doesn't increase in value you get SOMETHING in the end.

you give more money to the landlord then you do for repairs and taxes.

___________________
Le Freak - Set Archive

Le Freak - A.D.D & Chimichurri [Techno/Tech House/Music to put on burritos.]*click bitches*

quote:

Originally posted by Sushipunk I was only basing my argument on what you'd said, ie. that the costs of renting vs. owning were similar. If they're not similar, then we're not talking about the same thing any more. That said though, saving 20k a year by renting doesn't necessarily mean shit. A home owner still has an asset, which is worth money. If you pick your real estate well, it should be increasing in value anyway.

I shouldn't have been so broad in that it will be in every situation, but yes it can be a waste to buy and it can also be a waste to rent. There are a lot of factors that change this.

Jay: I know about the thought of equity, and that part of my argument I really should have left out. But my argument still stands that, depending on the situation, buying is not necessarily the right thing to do unless the equity gained is significant in the time that you will be there.

___________________

quote:

Originally posted by bas Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh

quote:

Originally posted by bas Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.

you will be poor a long time thinking like this.

___________________
Le Freak - Set Archive

Le Freak - A.D.D & Chimichurri [Techno/Tech House/Music to put on burritos.]*click bitches*

quote:

Originally posted by elFreak you will be poor a long time thinking like this.

Nah dude. If you spend 100k to acquire the asset, it gains 50k in equity by the time you sell it, but you spent 50k in taxes, maintenance, etc. you have gained nothing. You have broken even.

In the IT field they call that TCO, Total Cost of Ownership.

___________________

quote:

Originally posted by bas Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh

quote:

Originally posted by bas Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.

and how have you broken even renting?

this should be good.

___________________
Le Freak - Set Archive

Le Freak - A.D.D & Chimichurri [Techno/Tech House/Music to put on burritos.]*click bitches*

quote:

Originally posted by elFreak and how have you broken even renting? this should be good.

Go use one of those rent v buy calculators. They spell it out right there. ffs I don't live in BFE where a house is 200k. I live in southern california where a house is 800k. A mortgage payment is 3800 and a fucking rent payment for an apartment is 1500. Factor in taxes, total investment, etc, and you are more than easily saving a ton of money renting. And this is short AND long term.

___________________

quote:

Originally posted by bas Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh

quote:

Originally posted by bas Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.

quote:

Originally posted by gehzumteufel Go use one of those rent v buy calculators. They spell it out right there. ffs I don't live in BFE where a house is 200k. I live in southern california where a house is 800k. A mortgage payment is 3800 and a fucking rent payment for an apartment is 1500. Factor in taxes, total investment, etc, and you are more than easily saving a ton of money renting. And this is short AND long term.

Does your 800k increase in value?

___________________

so lets say it costs more to live in a house for 10 years...after you sell and at worst break even. If you break even it cost you nothing to live in the long run.

you spend 20k a year on rent for 10 years = 200 000$...you have no option to break even or make a dime.

i don't need a calculator to tell you that it cost you 200 000$ more in the long run then living in a house.

___________________
Le Freak - Set Archive

Le Freak - A.D.D & Chimichurri [Techno/Tech House/Music to put on burritos.]*click bitches*