Whiskey Tango Foxtrot Posted February 26, 2018 Share Posted February 26, 2018 (edited) 11 minutes ago, Wildboer said: This is dead on. How long can you make a mortgage before it makes more sense to rent though? It's a personal decision I suppose. I prefer to have the ability to put a urinal in my bathroom, because I want to. Or, not having to adhere to some landlords lease agreement, saying I'm not allowed to do burnouts in my driveway because I'm feeling frisky. "How long to pay a mortgage?" Depends on how diligent you are to paying it off, and how comfortable you are living under the hand of "the man". Edited February 26, 2018 by Whiskey Tango Foxtrot Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted February 26, 2018 Share Posted February 26, 2018 4 minutes ago, Wildboer said: That would be a great reason to buy a home if buying a home was affordable. Wages ain't keeping up though. Well that's a good time to evaluate your situation. 12 minutes ago, steve from amherst said: When a mortgage is paid off you have a house while the renter has nothing except a rental bill twice as much as his mortgage payment would have been (We need a "gold star" emoji) ^^^^ this right here! Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted February 26, 2018 Gold Member Share Posted February 26, 2018 6 minutes ago, Wildboer said: That would be a great reason to buy a home if buying a home was affordable. Wages ain't keeping up though. That statement all depends on your location and somewhat political leanings. Quote Link to comment Share on other sites More sharing options...
Wildboer Posted February 26, 2018 Share Posted February 26, 2018 2 minutes ago, Whiskey Tango Foxtrot said: It's a personal decision I suppose. I prefer to have the ability to put a urinal in my bathroom, because I want to. Or, not having to adhere to some landlords lease agreement, saying I'm not allowed to do burnouts in my driveway because I'm feeling frisky. "How long to pay a mortgage?" Depends on how diligent you are to paying it off, and how comfortable you are living under the hand of "the man". You seem to be under the impression home buying is affordable. For me, as an only child with well to do parents, I'm inheriting at least one paid off home... If it weren't for that I could be renting for life at this rate. Quote Link to comment Share on other sites More sharing options...
Rod Posted February 26, 2018 Share Posted February 26, 2018 Affordable is also subjective. Some people want the big show and max themselves out. First house i bought was in 1998 and it was certainly not luxurious. But I lived in that piece of shit until I could afford to build a nice house last year 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 26, 2018 Platinum Contributing Member Share Posted February 26, 2018 1 minute ago, Wildboer said: You seem to be under the impression home buying is affordable. For me, as an only child with well to do parents, I'm inheriting at least one paid off home... If it weren't for that I could be renting for life at this rate. Nothing says you have to stay in the area you were raised. My first home was 45 minutes from my work area . my home now is a half hr Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted February 26, 2018 Share Posted February 26, 2018 1 minute ago, BOHICA said: That statement all depends on your location and somewhat political leanings. Huh? Why would you bring politics into this? I know liberals that are much better off than conservatives, vise versa. Has nothing to do with politics, it's all about planning. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 26, 2018 Platinum Contributing Member Share Posted February 26, 2018 Just now, Whiskey Tango Foxtrot said: Huh? Why would you bring politics into this? I know liberals that are much better off than conservatives, vise versa. Has nothing to do with politics, it's all about planning. And being responsible. I know people that make 600 a week and own a home. I also know people that make 3 k a week who are always broke 3 Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted February 26, 2018 Share Posted February 26, 2018 4 minutes ago, Wildboer said: You seem to be under the impression home buying is affordable. For me, as an only child with well to do parents, I'm inheriting at least one paid off home... If it weren't for that I could be renting for life at this rate. Lol! Says the renter to the multiple owner... 4 minutes ago, Rod Johnson said: Affordable is also subjective. Some people want the big show and max themselves out. First house i bought was in 1998 and it was certainly not luxurious. But I lived in that piece of shit until I could afford to build a nice house last year *Gold star* Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted February 26, 2018 Share Posted February 26, 2018 1 minute ago, steve from amherst said: And being responsible. I know people that make 600 a week and own a home. I also know people that make 3 k a week who are always broke Correct! Agree to the T Quote Link to comment Share on other sites More sharing options...
Rod Posted February 26, 2018 Share Posted February 26, 2018 The worst off are the city kids who get an egregious degree in shit and want to live in the fanciest part of the city on a junk wage some of the best off people I see here who started with basically nothing are trades people who plant roots in smaller towns and cities 1 Quote Link to comment Share on other sites More sharing options...
Wildboer Posted February 26, 2018 Share Posted February 26, 2018 2 minutes ago, steve from amherst said: Nothing says you have to stay in the area you were raised. My first home was 45 minutes from my work area . my home now is a half hr I'm in NJ, everywhere is expensive unless I ditch my friends and family and move quite a ways. 1 minute ago, Whiskey Tango Foxtrot said: Huh? Why would you bring politics into this? I know liberals that are much better off than conservatives, vise versa. Has nothing to do with politics, it's all about planning. Truth. Quote Link to comment Share on other sites More sharing options...
Wildboer Posted February 26, 2018 Share Posted February 26, 2018 4 minutes ago, Whiskey Tango Foxtrot said: Lol! Says the renter to the multiple owner... *Gold star* If I considered homes assets I'd have 1, possibly 2, $400k plus homes coming to me. Quote Link to comment Share on other sites More sharing options...
Rod Posted February 26, 2018 Share Posted February 26, 2018 1 minute ago, Wildboer said: If I considered homes assets I'd have 1, possibly 2, $400k plus homes coming to me. You will be giving one to the less fortunate no doubt 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted February 26, 2018 Gold Member Share Posted February 26, 2018 8 minutes ago, Whiskey Tango Foxtrot said: Huh? Why would you bring politics into this? I know liberals that are much better off than conservatives, vise versa. Has nothing to do with politics, it's all about planning. Big cities are not affordable based on wages. Big cities have political leanings. Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted February 26, 2018 Share Posted February 26, 2018 1 minute ago, Rod Johnson said: The worst off are the city kids who get an egregious degree in shit and want to live in the fanciest part of the city on a junk wage some of the best off people I see here who started with basically nothing are trades people who plant roots in smaller towns and cities Double yes. I work in a trade, and I have NEVER been out of work. Kids I grew up with, went to college, MBA, this that and, whatever. Out of work, laid off, or the ones successful, are trying to keep up with the Jones's ... Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted February 26, 2018 Share Posted February 26, 2018 2 minutes ago, Rod Johnson said: You will be giving one to the less fortunate no doubt He does mention his socialist mentality often. I would expect that to be the case. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted February 26, 2018 Platinum Contributing Member Share Posted February 26, 2018 Not an asset. I owned 2 homes before building....made nice money on both of them when they were sold. Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted February 26, 2018 Share Posted February 26, 2018 17 minutes ago, BOHICA said: Big cities are not affordable based on wages. Big cities have political leanings. Perfect example of why us country folk, want y'all city slickers to stay in the concrete jungle. You paved the streets, now you drive on them. 1 Quote Link to comment Share on other sites More sharing options...
Cold War Posted February 26, 2018 Share Posted February 26, 2018 I'm just waiting for my parents to die and take their shit. Quote Link to comment Share on other sites More sharing options...
HSR Posted February 26, 2018 Share Posted February 26, 2018 50 minutes ago, Wildboer said: You seem to be under the impression home buying is affordable. For me, as an only child with well to do parents, I'm inheriting at least one paid off home... If it weren't for that I could be renting for life at this rate. Soooo spoiled rich kid,,,,, that explains your sense of entitlement. So how are you going to afford to maintain said 400k home,,inheritance or pull a few extra shifts bartending???? Boy it's a good thing you have responsible parents. Quote Link to comment Share on other sites More sharing options...
Cold War Posted February 26, 2018 Share Posted February 26, 2018 4 minutes ago, HSR said: Soooo spoiled rich kid,,,,, that explains your sense of entitlement. So how are you going to afford to maintain said 400k home,,inheritance or pull a few extra shifts bartending???? Boy it's a good thing you have responsible parents. He won't have to worry about it for long. Eh, easy come ....easy go. Quote Link to comment Share on other sites More sharing options...
Wildboer Posted February 26, 2018 Share Posted February 26, 2018 47 minutes ago, Rod Johnson said: You will be giving one to the less fortunate no doubt Depends on my situation, could rent the vacation home when not in use and donate the profit... 9 minutes ago, HSR said: Soooo spoiled rich kid,,,,, that explains your sense of entitlement. So how are you going to afford to maintain said 400k home,,inheritance or pull a few extra shifts bartending???? Boy it's a good thing you have responsible parents. I'm not entitled, I'm socialist Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted February 26, 2018 Platinum Contributing Member Share Posted February 26, 2018 1 hour ago, Wildboer said: You seem to be under the impression home buying is affordable. For me, as an only child with well to do parents, I'm inheriting at least one paid off home... If it weren't for that I could be renting for life at this rate. My grandfather past away last month at 101 years young...Out lived 3 of 5 children.. Something to think about on the bold.. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted February 26, 2018 Author Share Posted February 26, 2018 If one is disciplined and can fit it into their lifestyle, renting is cheaper long term. My investments have done far better than housing appreciation. I don’t find a house to be a very good investment. Quote Link to comment Share on other sites More sharing options...
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