User not logged in - login - register
Home Calendar Books School Tool Photo Gallery Message Boards Users Statistics Advertise Site Info
go to bottom | |
 Message Boards » » 100% of the time it was better to rent than own Page 1 [2], Prev  
9one9
All American
21497 Posts
user info
edit post

DOS

2/16/2012 10:35:46 PM

aaronburro
Sup, B
53065 Posts
user info
edit post

50% of the time it works... every time

2/17/2012 12:38:28 AM

Hiro
All American
4673 Posts
user info
edit post

+1 To TKE-Teg

2/17/2012 7:27:05 AM

wdprice3
BinaryBuffonary
45912 Posts
user info
edit post

what would the author say about my rent, at $725/mo (which I found to be average for ok/nice apartments in raleigh), vs a house I'm considering, which is larger and nicer than my apartment, at $500/month (mortgage payment), with no HOA, no city taxes.

He's wrong 50% of the time 100% of the time

2/17/2012 9:12:43 AM

djeternal
Bee Hugger
62661 Posts
user info
edit post

^ How much are you spending on renovations outside of the loan?

[Edited on February 17, 2012 at 10:38 AM. Reason : a]

2/17/2012 10:38:44 AM

jbrick83
All American
23447 Posts
user info
edit post

$500 a month? What the fuck are you buying and where are you living? Sounds like a shack in Johnston County.

2/17/2012 10:41:09 AM

wdprice3
BinaryBuffonary
45912 Posts
user info
edit post

^^just a fence. house was recently updated. It was a foreclosure someone bought cheaply 2 years ago and then fully upgraded.

^1,400 sf house in west wake county. pretty nice little house.

2/17/2012 10:53:37 AM

Doss2k
All American
18474 Posts
user info
edit post

It's on an old Indian burial grounds. His pets will be killing him in short time and he won't feel it was so cheap anymore

2/17/2012 11:00:49 AM

TKE-Teg
All American
43410 Posts
user info
edit post

I appreciate the few props I have gotten in this thread, but I assume everyone that I am not that smart, lol. I might not sink money into a house (when I don't need one) but it's not to say I'm doing something incredibly smart with it otherwise

Quote :
"What the fuck are you buying and where are you living? Sounds like a shack in Johnston County.
"


$500/mo mortgage? Sounds like its the middle of nowhere in Western Wake Co

2/17/2012 12:13:40 PM

CaelNCSU
All American
7082 Posts
user info
edit post

Quote :
"what would the author say about my rent, at $725/mo (which I found to be average for ok/nice apartments in raleigh), vs a house I'm considering, which is larger and nicer than my apartment, at $500/month (mortgage payment), with no HOA, no city taxes.

He's wrong 50% of the time 100% of the time
"


Do you want us to make you a flow chart? Ok, do you make $20,000 a year? No, then move to step 2...

If it's a fair comparison and you want to live in the area it sounds like you net $200 a month which gives you a lot of financial upside to the other risks outlined. If you move farther from where you work or where you want to be that changes things a little.

[Edited on February 17, 2012 at 12:38 PM. Reason : a]

2/17/2012 12:34:10 PM

djeternal
Bee Hugger
62661 Posts
user info
edit post

Quote :
"$500/mo mortgage? Sounds like its the middle of nowhere in Western Wake Co"


Mine is only $875, and I have 7 Acres. The house is about 1500 sq. ft. I have a 15 minute drive to downtown Greensboro and a 10 minute drive to Burlington. Just because someone got a great deal on a home doesn't mean they live in a trailer park, especially considering the spike in foreclosures over the past few years.

[Edited on February 17, 2012 at 3:15 PM. Reason : a]

2/17/2012 3:10:35 PM

wolfpackgrrr
All American
39759 Posts
user info
edit post

We're paying about $200 more per month on our mortgage than what we would have been paying in rent had we continued our lease. But the apartment complex we were living in was a shithole. If we had been living in a nice complex I'm sure our mortgage payment would be much less than rent, especially if we were renting a three bedroom place.

2/17/2012 3:27:07 PM

Slave Famous
Become Wrath
34079 Posts
user info
edit post

$500 a month? Whats your car payment, like 60 bucks? Jesus Christ.

2/17/2012 3:43:25 PM

djeternal
Bee Hugger
62661 Posts
user info
edit post

I think it is fair to assume that wdprice3 lives in a tent and drives a moped.

2/17/2012 3:54:19 PM

GeniuSxBoY
Suspended
16786 Posts
user info
edit post

I knew this since I was 16 and I thought about the difference between renting and owning a house for the first time.


the only advantage of owning your own house is that you don't need permission to make renovation changes and have pets and other small stuff


the only advantage of owning your own land is that the government or landowner couldn't tell you what you can and can't do on your land. (however this notion has been trampled over so much that it doesn't exist anymore. The government can do anything they want with your land and for any reason.)

Therefore, right now, the best thing to do is near rent or own a home, but to move in with someone who does rent or own a home and pay them a portion of the rent in exchange for a private room over the garage.



[Edited on February 17, 2012 at 8:46 PM. Reason : .]

2/17/2012 8:44:44 PM

wdprice3
BinaryBuffonary
45912 Posts
user info
edit post

haha, my truck payment is $400/month

2/17/2012 8:50:01 PM

The E Man
Suspended
15268 Posts
user info
edit post

for renting, how early is too early to put down an apartment deposit? Will people accept a deposit for a july move in in april?

4/10/2012 10:40:41 PM

 Message Boards » The Lounge » 100% of the time it was better to rent than own Page 1 [2], Prev  
go to top | |
Admin Options : move topic | lock topic

© 2024 by The Wolf Web - All Rights Reserved.
The material located at this site is not endorsed, sponsored or provided by or on behalf of North Carolina State University.
Powered by CrazyWeb v2.39 - our disclaimer.