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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 10:18 pm to Cold Pizza
Posted on 7/28/12 at 10:18 pm to Cold Pizza
quote: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.
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.
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 on 7/28/12 at 10:37 pm to TigerTatorTots
quote:
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)
Like another poster said, really depends on how long you're planning on staying in an area. Lots of people tried to convince me to buy a house when I moved to Atlanta in 2006 even though I've always planned on leaving after I get my PhD. Very glad I didn't listen
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Posted on 7/29/12 at 1:01 am to TigerTatorTots
I could buy house but have no plans on doing so any time soon.
A house means you lose mobility. I refuse to sacrifice that for quite a long time. I can live with cheap rent long enough to justify the flexibility that comes with it.
I also have to pay nothing in upkeep.
A house means you lose mobility. I refuse to sacrifice that for quite a long time. I can live with cheap rent long enough to justify the flexibility that comes with it.
I also have to pay nothing in upkeep.
Posted on 7/29/12 at 6:11 am to TigerTatorTots
quote:
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)
Everyone knows that you are "throwing your money away" by renting. You aren't educating anyone on that. But renting is a good option if you don't want to live in an area forever, or you think you might move..not every 23 year old is ready to settle down. Also, the value of your house could fall. Just saying it isn't a black or white issue.
Posted on 7/29/12 at 7:56 am to TigerTatorTots
quote:
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)
I'd say no way in hell someone can be educated and just throw out a blanket statement like that without weighing all factors and really thinking that statement through.
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