Gone

[GM991]

Originally Posted by mikefheath87

i havent rulled out a condo......but i doubt ill end up in one.

buy a 2-3 family.
That way you get help with the bills...;)

[GM991]

Originally Posted by H3llphyre

So is interest. You do realize you give more to the bank in interest, the city in property taxes, and the insurance company, then you would in rent, right?

Yes but you get a tax break on the interest paid.

[mineralgraygt]

[quote=GM991;535286]

Originally Posted by no409

i think you guys who dont have houses are mistaken.

me and the misses still have 80-100K in cars payed off, a house worth 275K( even in todays maket), no PMI, just morgatge, and taxes and her school loans. 2+ acers, can park 15+ cars in our yard, semi quiet area, best thing we ever did


Mike, your doing the right thing. Think smart while your young. We got our house in jan 05. we were26(me) and 25(her)

it tough getting rid of a car or whatever for a house, but its totally worth it.

if you have any ?? PM me.


+1
I bought my first house in 94 a three family..I collect 3 rents that more than pay for the morgage and bills on it plus it pays for 1/3 my morgage on my single me and the fam live in.
Buying young is a good thing. I don't care what the market does in 10 years the house will be worth more than what you paid in this part of the country.

Condo?? Not for me, don't need another level of goverment (condo association) plus a condo fee that can go up to ??? what ever the association thinks it needs to pay the bills and god forbid if they missmanage it....
Plus what if you get a bad neighbor above, below or next door, bitching about noise or making to much.

If you rent all your life you will have to work till you go in the ground to pay the rent.
Plus if you make good money there are really good tax breaks owning

NO THANKS will take my house anyday.
Good move mike.

Me like renters...

to each thier own......but having to maintain that many properties is alot of work...especailly if you get bad tennants who trash your place.

Your point of view is definitly valid...but if you do your research and take your time...asshole neighbors and shitty condo associations are non-factors.

One of the requirements I made before I purchased was a call into the president and owner of the assocation.

Not everyone has the cash to buy a secnod property...and a new home owner shouldn't be using thier house as an ATM.

[H3llphyre]

Originally Posted by GM991

Yes but you get a tax break on the interest paid.

I don't get it all back, just the taxes I paid on the income that is equivalent to the interest I paid.

[GM991]

[quote=mineralgraygt;535296]

Originally Posted by GM991

to each thier own......but having to maintain that many properties is alot of work...especailly if you get bad tennants who trash your place.

Your point of view is definitly valid...but if you do your research and take your time...asshole neighbors and shitty condo associations are non-factors.

One of the requirements I made before I purchased was a call into the president and owner of the assocation.

Not everyone has the cash to buy a secnod property...and a new home owner shouldn't be using thier house as an ATM.

Owning a second home can be a lot of work but nothing venchered nothing gained. Plus if you buy a multi family you can get a bigger loan because the bank figuars part of the rent in with your income when giving the loan. which = bigger house/ nicer neighborhood and paying less for what you live in. You buy a 2 family for 250k its like getting the unit you live in for $125,000 because the rent is paying for the other unit.
I don't understand the ATM coment though. If all the bills are paid, nothing needs fixing,you have some extra cash in there for when something does break...anything after that is spendable cash baby.
Asshole tenents can happen but but if you do your research and take your time you do ok, I havent had any problems.

As far as a asshole neighbors, you can't control who buys the unit next door in a condo complex.
At least in your own multi family you are the boss and you can pick a choose who lives in your house as long as it is your primary residents.

But you are right to each there own, thats what makes this counrty so great ....for now..

[mikefheath87]

^^^ hows my old car doin gary?

[GM991]

^
running like a clock and getting lots of looks at the cruise nights...

[igotasweetride]

you don't get a tax break for a reason, you're not wasting money paying interest payments. if you're going to rent a house, then sure buying it is better. if you don't need a house, want to deal with the maintenance or are going to have to stretch yourself. it is MUCH better to rent a small apt for 1/4-1/3 of a mortgage and bank the rest

[H3llphyre]

Of course, if he can find a house for like $120,000, put $20,000 down on it, by all means, go for it. You're mortgage will be pretty close to rent. There is NOTHING wrong with a starter home.

[Brad S]

Originally Posted by igotasweetride

the point jay is making, which i completely agree with is that you should never buy a house because thats what society tells you that you should do. its not right for everyone. sure, you "own" something in the end, but if you can pay for rent what you would pay in interest for the mortgage and still have the money you would have spent on principle, taxes, misc maintenance, misc utilities, etc. why would you buy a house?

You wouldn't buy a house, because you're an idiot in that situation.

But if you have your ducks in a row and have done the research it is a good investment. Especially right now.

I wouldn't call it a mediocre investment either, since I don't look at it as an entirely monetary scenario. Owning something, being able to do what you want to do, the security of it etc etc... All adds to the total investment. At least for me.

When you rent, you're at the whim of someone else... They're lining their pocket with your money! Their investment is producing monthly returns, much more than you could expect from day trade or t bill.

God is done making land, it's the type of thing that is always in demand.

Rent is 4 suckuhz, owning is where its at.

[H3llphyre]

Originally Posted by Brad S

God is done making land, it's the type of thing that is always in demand.

You FAIL earth sciences. Back to school for joo

[igotasweetride]

Originally Posted by Brad S

You wouldn't buy a house, because you're an idiot in that situation.

But if you have your ducks in a row and have done the research it is a good investment. Especially right now.

I wouldn't call it a mediocre investment either, since I don't look at it as an entirely monetary scenario. Owning something, being able to do what you want to do, the security of it etc etc... All adds to the total investment. At least for me.

When you rent, you're at the whim of someone else... They're lining their pocket with your money! Their investment is producing monthly returns, much more than you could expect from day trade or t bill.

God is done making land, it's the type of thing that is always in demand.

Rent is 4 suckuhz, owning is where its at.

you're right, you're better off buying a house and getting a mortgage, because the interest doesn't go to line anyone's pockets we are discussing a monetary situation and the issues surrounding it. what you feel adds to the value doesn't mean shit. i'm stuck with shitty ass neighbors, which KILLS the value of anything we have. so, if someone knows what they're doing and can buy in this market, it is probably the only time i will say that you will come out on top in the "investment" of a house. the window is VERY narrow though, as house prices will not stay this low for very long, the interest rates are going back up and you need to be able to get a great rate, with the proper 20% down to avoid PMI. if all that happens, yes its a good investment in most cases. 2 years ago and before, it wasn't. after probably the next year, it won't be anymore.

[igotasweetride]

Originally Posted by H3llphyre

You FAIL earth sciences. Back to school for joo

i guess brad hasn't seen the company that is building islands with luxury houses on them in the bahamas. of course, it was a trick statement, because god didn't create shit to start with

[H3llphyre]

Originally Posted by igotasweetride

i guess brad hasn't seen the company that is building islands with luxury houses on them in the bahamas. of course, it was a trick statement, because god didn't create shit to start with

in the middle east

[igotasweetride]

i knew they were doing it in another major area, but i couldn't think of where it was off the top of my head. either way, brad fails

[Brad S]

Originally Posted by H3llphyre

You FAIL earth sciences. Back to school for joo

The molten hawt LAVUH!!!!!!

Originally Posted by igotasweetride

you're right, you're better off buying a house and getting a mortgage, because the interest doesn't go to line anyone's pockets we are discussing a monetary situation and the issues surrounding it. what you feel adds to the value doesn't mean shit. i'm stuck with shitty ass neighbors, which KILLS the value of anything we have. so, if someone knows what they're doing and can buy in this market, it is probably the only time i will say that you will come out on top in the "investment" of a house. the window is VERY narrow though, as house prices will not stay this low for very long, the interest rates are going back up and you need to be able to get a great rate, with the proper 20% down to avoid PMI. if all that happens, yes its a good investment in most cases. 2 years ago and before, it wasn't. after probably the next year, it won't be anymore.

Just because you failed to scope out your neighborhood before moving in doesn't mean everyone makes that mistake. Just because some people rush into under funded and under prepared doesn't mean everyone does. If you do the research and go in prepared it isn't a lose situation.

If you're buying a 150k house in Worcester with 5k down, no that probably isn't a good investment... Like any investment, you need to be an educated consumer, otherwise you'll get fucked in the long run.

Originally Posted by igotasweetride

i guess brad hasn't seen the company that is building islands with luxury houses on them in the bahamas. of course, it was a trick statement, because god didn't create shit to start with

I was actually thinking of buying a condo in Dubai on the palm tree island, I decided against it because I'm too money baby!

[igotasweetride]

Originally Posted by Brad S

Just because you failed to scope out your neighborhood before moving in doesn't mean everyone makes that mistake. Just because some people rush into under funded and under prepared doesn't mean everyone does. If you do the research and go in prepared it isn't a lose situation.

If you're buying a 150k house in Worcester with 5k down, no that probably isn't a good investment... Like any investment, you need to be an educated consumer, otherwise you'll get fucked in the long run.



I was actually thinking of buying a condo in Dubai on the palm tree island, I decided against it because I'm too money baby!

how would you suggest "scoping out the neighborhood" to find out that the neighbor's dog shits in our yard, always barks at us and takes his harley to work at 5am? these are things we couldn't find out till after we're in the house.

the worc scenario would probably be a win as the housing market is decent in a lot of areas in worc, most are 3+ family houses, which are usually great investments. that said MOST people DO rush into buying a house. the VAST MAJORITY are under funded. if you look at it from a financial point of view, 99.9% are, as houses should be paid for in cash.

[H3llphyre]

Originally Posted by Brad S

If you're buying a 150k house in Worcester with 5k down, no that probably isn't a good investment... Like any investment, you need to be an educated consumer, otherwise you'll get fucked in the long run.

Buying a house thats affordable NOW and will only gain value is a bad investment? Okay brad...

[Brad S]

Originally Posted by igotasweetride

how would you suggest "scoping out the neighborhood" to find out that the neighbor's dog shits in our yard, always barks at us and takes his harley to work at 5am? these are things we couldn't find out till after we're in the house.

This is how I would suggest scoping out a neighborhood... You go there and check it the fuck out genius! Knock on doors, ask questions, you're spending hundreds of thousands. If you don't want to worry about dog shit and loud bikes move to a place with a decent amount of property... That's my plan.

Originally Posted by H3llphyre

Buying a house thats affordable NOW and will only gain value is a bad investment? Okay brad...

Weren't you just saying buying is a bad investment? Now that you're confused as to what I'm talking about you've flip flopped to a good investment? You just like to argue for the sake of arguing, huh?

You're missing the point of what you quoted, but that's typical. In most cases if you're putting around 3% down, you're not getting a good interest rate, you're not qualifying for a ton of crap that will save you thousands which means you're further away from chipping away at principal which translates to a diminished investment! Using Worcester was just the example, not the point. Bryan basically hit the nail in the head here.

Originally Posted by igotasweetride

that said MOST people DO rush into buying a house. the VAST MAJORITY are under funded. if you look at it from a financial point of view, 99.9% are, as houses should be paid for in cash.

Although paying cash is a little unrealistic for most, if you're going in with 20% you qualify for quite a bit bolstering the investment as a whole.

[igotasweetride]

Originally Posted by Brad S

This is how I would suggest scoping out a neighborhood... You go there and check it the fuck out genius! Knock on doors, ask questions, you're spending hundreds of thousands. If you don't want to worry about dog shit and loud bikes move to a place with a decent amount of property... That's my plan.

so you think that people buying a house should go door to door asking if they have dogs and if the electronic collar they have on works, or if they're allowed to shit in the yard next door? or if the kids will bug be every day and stand at the door of my car when i get home to talk to me because they dont get any attention. or if they have a harley, and if so, what time do they start it up? you're fucking kidding me right? i can't wait till you buy a house. you need a minimum of 2 acres with the house set right in the middle for none of this to matter. good luck finding that.

[Brad S]

Originally Posted by igotasweetride

so you think that people buying a house should go door to door asking if they have dogs and if the electronic collar they have on works, or if they're allowed to shit in the yard next door? or if the kids will bug be every day and stand at the door of my car when i get home to talk to me because they dont get any attention. or if they have a harley, and if so, what time do they start it up? you're fucking kidding me right? i can't wait till you buy a house. you need a minimum of 2 acres with the house set right in the middle for none of this to matter. good luck finding that.

Yeah, I think you should go door to do and get as much info about your neighbors as possible if you're that worried about it... I've looked at several places, and 100% have knocked on doors to introduce myself... If a drunk fat man answers with a dog yapping and 3 kids running around half naked, that should be enough info to pass on the property. If you're greeted by friendly people who are truly interested in who may be potentially living next door, you might be onto something. We're not talking quantum physics here bry.

You don't have to ask specific questions, but you should be able to piece together enough info to at least have an idea as to who you're dealing with.

Or you can do what you did, not know your neighbors at all and roll the dice on the situation. I find most people appreciate meeting a potential buyer, as they're just as curious as you.

The house I'm looking at now is on 5 acres, so I'm not really worried about neighbors... Houses with lots of land are easy to find if you don't mind western mass or have millions to spend in an area like Sherborn.

[igotasweetride]

Originally Posted by Brad S

Yeah, I think you should go door to do and get as much info about your neighbors as possible if you're that worried about it... I've looked at several places, and 100% have knocked on doors to introduce myself... If a drunk fat man answers with a dog yapping and 3 kids running around half naked, that should be enough info to pass on the property. If you're greeted by friendly people who are truly interested in who may be potentially living next door, you might be onto something. We're not talking quantum physics here bry.

You don't have to ask specific questions, but you should be able to piece together enough info to at least have an idea as to who you're dealing with.

Or you can do what you did, not know your neighbors at all and roll the dice on the situation. I find most people appreciate meeting a potential buyer, as they're just as curious as you.

The house I'm looking at now is on 5 acres, so I'm not really worried about neighbors... Houses with lots of land are easy to find if you don't mind western mass or have millions to spend in an area like Sherborn.

Corrine did talk to the neighbors, they seemed nice and fine. which they are, but their son is annoying, the dog sucks and she didn't check out the garage. we'll have to keep those things in mind for next time. maybe we'll schedule a tea party when the kids are home from school so we can meet them and ask them if they're going to be up our asses

[Brad S]

Originally Posted by igotasweetride

Corrine did talk to the neighbors, they seemed nice and fine. which they are, but their son is annoying, the dog sucks and she didn't check out the garage. we'll have to keep those things in mind for next time. maybe we'll schedule a tea party when the kids are home from school so we can meet them and ask them if they're going to be up our asses

Kids are only up your ass because you allow it.

Sux about the dog, what exactly is it doing? Barking? Shitting on your front steps? There are ways to deal with that too, put up a fucking fence, call the dog officers if it's that disruptive... Or just fucking deal with it, dogs are part of every neighborhood!

[igotasweetride]

Originally Posted by Brad S

Kids are only up your ass because you allow it.

Sux about the dog, what exactly is it doing? Barking? Shitting on your front steps? There are ways to deal with that too, put up a fucking fence, call the dog officers if it's that disruptive... Or just fucking deal with it, dogs are part of every neighborhood!

we don't allow shit. we've had discussions about it, the parents say something when they see it, but their son just doesn't get it. hes not that smart. the dog shits at the bottom of our steps because they just let him free without a collar and thats where our dog pees. he also barks constantly at everything, including just sitting on the property line right at the edge of our driveway and just barking anytime we're out and he sees us. hes an annoying little fucking pug. there isn't shit we can do about it, he's only on our property for 3 minutes and we rarely catch him. the owners don't care and let him out anyways. they tell him not to bark when they're around, but if he's outside and they're not right there, he just barks. sometimes for a solid 15 minutes before we go in. you can eat my fucking ass with "dogs are part of a neighborhood". my dog shuts the fuck up like he's supposed to and only shits in his yard. every dog i've owned have. properly trained dogs are part of a neighborhood, untrained dogs are part of a problem

[Brad S]

Damn bry, sounds like you're totally fucked... You def should have had the tea party.

[igotasweetride]

i know we're fucked. which is why it sucks. there are situations you just land in that you can't find out ahead of time unless you camp out on the property for a week and i think someone will call the cops if you try that. we're just toughing it out for probably 2 more years. i need enough time to get all our ducks in a row, save some money and throw in a 2K sq ft addition with a 2 car garage. get the whole place perfect, and sell it. the only issue i'm going to run into is making sure we don't price ourselves out of the area. it will deff be the best house in the neighborhood, but thankfully there are some really nice houses in this town for comps so we will know exactly what its really worth. anyways, yea, this situation sucks. i'm trying to convince corrine to let me get a rottie, that will take care of their dog ever coming close to the property and the kids.

[Brad S]

Originally Posted by igotasweetride

i know we're fucked. which is why it sucks. there are situations you just land in that you can't find out ahead of time unless you camp out on the property for a week and i think someone will call the cops if you try that. we're just toughing it out for probably 2 more years. i need enough time to get all our ducks in a row, save some money and throw in a 2K sq ft addition with a 2 car garage. get the whole place perfect, and sell it. the only issue i'm going to run into is making sure we don't price ourselves out of the area. it will deff be the best house in the neighborhood, but thankfully there are some really nice houses in this town for comps so we will know exactly what its really worth. anyways, yea, this situation sucks. i'm trying to convince corrine to let me get a rottie, that will take care of their dog ever coming close to the property and the kids.

Sorry to hear it bro, and yeah I know random shit comes up you can't predict, I was just giving you shit...

I looked at a few places that had homes on either side, now I'm only looking at places in the woods... Somewhat a pain in the ass in regard to commute, but living off the beaten track is kinda something I've always wanted.

[igotasweetride]

if it sounded snappy, i'm having a really bad night of poker with people catching some ridiculous shit.

to me, this is off the beaten path haha. she has a 45 min commute and i have anywhere from 45-1h45min depending on where im working and what times. IMO, the commute isn't worth it to me. our next house is going to be around the 495 area. anywhere from marlboro to bellingham. i want either a house away from people (like jake's) or a wealthy enough neighborhood that the people never walk out of their houses, they just drive past you in the benz now and then and give a bullshit smile

[Brad S]

Originally Posted by igotasweetride

if it sounded snappy, i'm having a really bad night of poker with people catching some ridiculous shit.

to me, this is off the beaten path haha. she has a 45 min commute and i have anywhere from 45-1h45min depending on where im working and what times. IMO, the commute isn't worth it to me. our next house is going to be around the 495 area. anywhere from marlboro to bellingham. i want either a house away from people (like jake's) or a wealthy enough neighborhood that the people never walk out of their houses, they just drive past you in the benz now and then and give a bullshit smile

Yeah jakes house is awesome... Except I couldn't deal with his driveway, in the mustang at least.

[igotasweetride]

Originally Posted by Brad S

Yeah jakes house is awesome... Except I couldn't deal with his driveway, in the mustang at least.

its nothing $20k in pavement couldn't take care of