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re: Millenial homeowners "get real" about their success

Posted on 6/5/19 at 2:52 pm to
Posted by LNCHBOX
70448
Member since Jun 2009
88605 posts
Posted on 6/5/19 at 2:52 pm to
quote:

Higher utilities?


Why would they be higher?
quote:

More gas in your car?




Again, why?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295116 posts
Posted on 6/5/19 at 2:53 pm to
quote:

People lose money all the time by purchasing property.


it's pretty rare.
Posted by civiltiger07
Baton Rouge
Member since Dec 2011
15002 posts
Posted on 6/5/19 at 2:53 pm to
quote:

starting out if you dont plan on staying for a while


well of course, if you don't know how long you will be in a city for renting is the better option. Once you settle down somewhere buying becomes the better option.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42861 posts
Posted on 6/5/19 at 2:53 pm to
quote:

So you think it's realistic to live in a house for 5 years and put zero money into it? Realtor fees? Higher utilities? More gas in your car?


Removing the ability to be agile in the job market as well.

Although I can say is not a big of a deal for more white collar jobs than blue collar. It would be dishonest of me to say that relocation is not offered to candidates.

Same city job relocation would suck though.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 6/5/19 at 2:53 pm to
quote:

LNCHBOX


Awe frick, I am out.
Posted by LNCHBOX
70448
Member since Jun 2009
88605 posts
Posted on 6/5/19 at 2:54 pm to
quote:

Awe frick, I am out.

18 pages of you posting and now I'm the issue? This must be another one of your "jokes"
Posted by lsupride87
Member since Dec 2007
108180 posts
Posted on 6/5/19 at 2:54 pm to
quote:

Why would they be higher?
I would assume so becaue a renter is likely to get a 1 bedroom smaller place than when thining of buying


I would say that is common. As a renter, I rented a 1 bedroom. When buying, I never thought of doing the same. I would say this is realistic for most weighing renting vs buying
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 6/5/19 at 2:55 pm to
quote:

Removing the ability to be agile in the job market as well


At what point does this stop? Are you never supposed to own because you "might" move?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40190 posts
Posted on 6/5/19 at 2:55 pm to
quote:

Again, why?


We're telling people to stop renting close to their work and move somewhere with a 1-2 hour daily commute instead ITT
This post was edited on 6/5/19 at 2:55 pm
Posted by civiltiger07
Baton Rouge
Member since Dec 2011
15002 posts
Posted on 6/5/19 at 2:55 pm to
quote:

Realtor fees


I didn't use a realator to buy my house.

quote:

Higher utilities


why are utilities higher?

quote:

More gas in your car


say what? home owners spend more money on gas than renters. Well I'll be god damned!
Posted by lsupride87
Member since Dec 2007
108180 posts
Posted on 6/5/19 at 2:55 pm to
quote:

it's pretty rare.
Not at all when talking about short term scenarios. Which we are
Posted by LNCHBOX
70448
Member since Jun 2009
88605 posts
Posted on 6/5/19 at 2:56 pm to
quote:

I would assume so becaue a renter is likely to get a 1 bedroom smaller place than when thining of buying



Then it's not realty an apples to apples comparison, now is it?
quote:

As a renter, I rented a 1 bedroom. When buying, I never thought of doing the same. I would say this is realistic for most weighing renting vs buying



Just seems kinda pointless to make that argument, even though I agree that renting absolutely serves a purpose and is a great option for most people just starting out.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42861 posts
Posted on 6/5/19 at 2:56 pm to
quote:

At what point does this stop? Are you never supposed to own because you "might" move?


For young people, we move quite a bit.

Now I don't expect someone in their late 30's and up to be moving every 2-3 years.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40190 posts
Posted on 6/5/19 at 2:57 pm to
quote:

At what point does this stop? Are you never supposed to own because you "might" move?


Probably when one settles down with a family and school aged kids. Not when they're 22-27
Posted by lsupride87
Member since Dec 2007
108180 posts
Posted on 6/5/19 at 2:57 pm to
quote:

Just seems kinda pointless to make that argument
Not to me. I would say it is fairly common majority to rent a smaller place than one would buy. So I think its worth noting
Posted by LNCHBOX
70448
Member since Jun 2009
88605 posts
Posted on 6/5/19 at 2:58 pm to
quote:

Not to me. I would say it is fairly common majority to rent a smaller place than one would buy. So I think its worth noting




I don't disagree with that I just think it's silly to say the utilities will cost less for a smaller place. No shite Unless of course you rent an inefficient unit
Posted by pizzatiger
Member since Apr 2019
274 posts
Posted on 6/5/19 at 2:58 pm to
quote:

Why would they be higher?



Because apartments are generally smaller and more efficient. Don't have to water the lawn or cut grass, etc.

quote:

Again, why?



Because starter homes are usually far away from offices
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40190 posts
Posted on 6/5/19 at 2:58 pm to
quote:

I didn't use a realator to buy my house.


You're paying the realtor when you sell in 5 years. Try to keep up.
Posted by lsupride87
Member since Dec 2007
108180 posts
Posted on 6/5/19 at 2:59 pm to
quote:

I didn't use a realator to buy my house.

Well that doesnt really matter anyway as their fees are paid by the seller
Posted by pizzatiger
Member since Apr 2019
274 posts
Posted on 6/5/19 at 3:00 pm to
quote:

Then it's not realty an apples to apples comparison, now is it?



Well, no but living in the middle of the city vs the burbs is very different too
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