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re: if you were a 23, what would you do with 30k in the bank?

Posted on 7/28/12 at 10:12 pm to
Posted by Cold Pizza
Member since Sep 2011
7639 posts
Posted on 7/28/12 at 10:12 pm to
quote:

Throw $700-800/mo down the toilet or pay $800/mo mortgage that to something you build equity in. Seems like a very easy answer to me.


Where do you live where rent is $700-800/month? For that kind of $$$'s you should be able to get a 2 BR and a roommate.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 7/28/12 at 10:18 pm to
quote:

Where do you live where rent is $700-800/month? For that kind of $$$'s you should be able to get a 2 BR and a roommate.

Mandeville...and its 900-1000/month around here for an apartment. I was adjusting down a bit since Mandeville is so highly priced. When I was in BR, 600 per person for a 2BR place was the average.

There is no way in hell someone can be educated and say it is better to rent than buy a house (if you can afford it of course)
This post was edited on 7/28/12 at 10:19 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/29/12 at 6:29 am to
quote:

Where do you live where rent is $700-800/month? For that kind of $$$'s you should be able to get a 2 BR and a roommate.


I live in DC and this made me chuckle.

Seriously, at 23 renting is fine. Why? Because unless you already know exactly where you want to settle down the rest of your life, now is a great time to explore. Figure out what you love to do, move somewhere that you think is a cool place to live and see how you like it, etc.

You'll be much happier that way. Excuse me, your friend will be.
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