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re: Just hit 200k in my 401k
Posted on 2/27/12 at 10:47 pm to wegotdatwood
Posted on 2/27/12 at 10:47 pm to wegotdatwood
BR has 50,000+ college students and an average population 2-3 years younger than the national average. This means more renters.
1
Posted on 2/27/12 at 10:51 pm to Golfer
So people actually pay 900 bucks a month just by themselves though?
Posted on 2/27/12 at 10:55 pm to wegotdatwood
quote:
So people actually pay 900 bucks a month just by themselves though?
A decent 2br/2ba apt is going to run you $900/mo minimum in BR.
Could probably get a studio for $750.
Posted on 2/27/12 at 10:55 pm to wegotdatwood
Mine is more than that but I don't live in BR. If I had had more time to find a place to live I would have tried to move in with someone, but its not possible to live inside the loop for 450 regardless. If I could get it down to 800 I would be ecstatic. 1 BR rent is killer pretty much anywhere though, no doubt.
Posted on 2/27/12 at 10:59 pm to kfizzle85
Dang, that sucks. Have 3 friends that live in a 3 br 2 bathroom house that would probably cost 170k here(which is quite a bit of house in Arkansas) and they pay 900 total. It's also in a real nice area of Fayetteville.
I live with my fiance and we pay $450 total on a 1br condo.
I live with my fiance and we pay $450 total on a 1br condo.
Posted on 2/27/12 at 11:04 pm to wegotdatwood
This is a pretty normal apt in a central location...
LINK
I'm sure there's cheaper stuff out in the outlying areas, but it isn't cheap here.
LINK
I'm sure there's cheaper stuff out in the outlying areas, but it isn't cheap here.
Posted on 2/27/12 at 11:07 pm to wegotdatwood
On a true cost of living (percentage of net) my rent hasn't increased that much. If I got it to 1100 it would be less than what I was paying to live Uptown a year ago. The dollar figure really doesn't matter, the salaries usually scale unless you live in an upside down place like Portland.
Posted on 2/27/12 at 11:10 pm to kfizzle85
Hey kfiz are you the one that was saying to get into as much house as possible? If so, why? Because the home prices are so down that it's pretty much a great ROI 10 to 15 years down the road?
Posted on 2/27/12 at 11:14 pm to wegotdatwood
LOL definitely wasn't me. From a financial perspective, I'm as close to anti-homebuying as you can get. I seriously doubt I'll even consider buying a house or condo before I'm in my early 30s unless there's some truly unique opportunity that comes up.
Posted on 2/27/12 at 11:28 pm to kfizzle85
Ah, I think it was foshizzle now.
Why is that? Just curious since the rates are so low. Don't want to be locked into something? Plan on moving in the relative future?
Why is that? Just curious since the rates are so low. Don't want to be locked into something? Plan on moving in the relative future?
Posted on 2/27/12 at 11:32 pm to wegotdatwood
A variety of reasons many of which are simply personal preferences but yes one of them is that I value mobility.
Posted on 2/28/12 at 12:02 am to kfizzle85
1) Value mobility
2) Don't want to pay for the upkeep
3) Apartment complexes typically have a lot of useful features offered on site/"free"...never need a gym membership, pool, tennis, etc. All included in rent and very convenient.
4) Taxes are baked in as well as no HOA fees, yet my monthly rent is still very low and it is one less thing for me to worry about.
Two biggest reasons I will rent for a very long time.
2) Don't want to pay for the upkeep
3) Apartment complexes typically have a lot of useful features offered on site/"free"...never need a gym membership, pool, tennis, etc. All included in rent and very convenient.
4) Taxes are baked in as well as no HOA fees, yet my monthly rent is still very low and it is one less thing for me to worry about.
Two biggest reasons I will rent for a very long time.
This post was edited on 2/28/12 at 8:20 am
Posted on 2/28/12 at 8:29 am to lynxcat
quote:
1) Value mobility
2) Don't want to pay for the upkeep
3) Apartment complexes typically have a lot of useful features offered on site/"free"...never need a gym membership, pool, tennis, etc. All included in rent and very convenient.
4) Taxes are baked in as well as no HOA fees, yet my monthly rent is still very low and it is one less thing for me to worry about.
Absolutely.
I think value mobility is generally the primary factor for people not purchasing a home.
I think a woman is the primary factor for most guys purchasing a home
I fought it for years, but I just couldn't fight it no more.
Coming out of college I had the same mindset.
quote:I didn't want to deal with the hassle of maintaining/renting/selling a home if other opportunties presented themselves. I was too busy and didn't feel like the financial benfits were great enough to deal with all the above.
I will rent for a very long time.
A good woman will help you realize the errors of all your rational thinking and let you know that home ownership is the American dream.
This post was edited on 2/28/12 at 8:31 am
Posted on 3/14/12 at 4:18 pm to LSUAfro
Yesterday was a bit of a milestone. I hit 200 as well. 200 dollars in my IRA. At this rate I'll have 650 by years end and im only shy of 27.
But really, just started my career after 7I years of school and one year dicking off inbetween. Massive debt, but I know how to handle that mistake.
Let's all pray the extra 10 to 30k im expecting on top of salary comes true. I live a meager life right now
But really, just started my career after 7I years of school and one year dicking off inbetween. Massive debt, but I know how to handle that mistake.
Let's all pray the extra 10 to 30k im expecting on top of salary comes true. I live a meager life right now
Posted on 3/14/12 at 4:55 pm to kfizzle85
Kfizz, i know it was an entirely different game pre 2008, but buying a house at 28 (2003) and sold in Sept. 2007, clearing 106k. I rented for over a year (dumb luck), and bought in Dec 2008. Sold that property in Jun 11, netted 38k. Currently building, but my point is don't pass an opportunity to make bank, there out there.
To the OP, 36, 178k in IRA, but my new financial planner is a beast, made my father in law almost 75k last month. Don't ask how, no idea.
To the OP, 36, 178k in IRA, but my new financial planner is a beast, made my father in law almost 75k last month. Don't ask how, no idea.
Posted on 3/14/12 at 7:50 pm to ItNeverRains
quote:
made my father in law almost 75k last month. Don't ask how, no idea.
The indexes shot up. Not much to it. I lost 75k from March thru October last year. Up 150k since.
Posted on 3/15/12 at 12:38 am to Mercy Percy
Very cool for you
I'm 27 and about to start my 401K.
However I have about 170k in separate stock.
Oh and 2005 Toyota Tacoma which I'll take to 200k miles. Pretty good looking SO who has match day on Friday.
I'm 27 and about to start my 401K.
However I have about 170k in separate stock.
Oh and 2005 Toyota Tacoma which I'll take to 200k miles. Pretty good looking SO who has match day on Friday.
This post was edited on 3/15/12 at 12:39 am
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