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re: Proud of my daughter

Posted on 12/6/25 at 3:42 pm to
Posted by Rebel
Graceland
Member since Jan 2005
141379 posts
Posted on 12/6/25 at 3:42 pm to
Not to get too personal, but is this your child that was a St Jude patient?
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
30020 posts
Posted on 12/6/25 at 3:58 pm to
quote:

People tend to ignore property taxes, interest on the loan, maintenance/repairs.


It seems you are ignoring them on the rental side. This time of year, as soon as I get in property tax bills for our rentals, if the tax has gone up, I recalculate the new rent when the lease is up during the next year. Renters are paying the pro-rata portion of the roofs and HVAC systems as well. My lessees are paying MORE than the cost of owning the home, or I wouldn't be doing it.

I am not arguing that for some people in some situations renting doesn't make more financial sense than owning but arguing that renting is financially better in most situations is disconnected. If that were the case how could the property owners make money on rental/leased homes?
Posted by Woody Haze
Member since Nov 2025
42 posts
Posted on 12/6/25 at 4:01 pm to
quote:

You're going to get a lot of shite for this, but you aren't wrong.

If you look at it as "I paid X and it's now worth/I sold it for Y," then it seems like a good investment.

If you look at cash outflows for mortgage interest, taxes, insurance, maintenance, remodels, etc...well, it takes a LONG time before you're actually ahead.



I know.
Most people are simple minded.
Posted by Philzilla2k
Member since Oct 2017
12419 posts
Posted on 12/6/25 at 4:02 pm to
quote:

RoyalWe

Lighten up Francis, you must be new here.
Posted by TigerGman
Center of the Universe
Member since Sep 2006
13421 posts
Posted on 12/6/25 at 4:12 pm to
quote:

I know.
Most people are simple minded.



Yeah, exactly. Only simple minded people worry about being in their 70's and getting a 5 days notice eviction from some A$$hole landlord

And only simple minded people think having a paid off mortgage free and clear house worth high six figures or more is a stupid thing.
Posted by Woody Haze
Member since Nov 2025
42 posts
Posted on 12/6/25 at 4:20 pm to
quote:

Yeah, exactly. Only simple minded people worry about being in their 70's and getting a 5 days notice eviction from some A$$hole landlord

And only simple minded people think having a paid off mortgage free and clear house worth high six figures or more is a stupid thing.


By the time I was 30 I had made so much in the stock market that I could pay cash for a nice home, actually multiple homes.
Like I said, some people are simple minded.
There's more than one way to skin a cat
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
43903 posts
Posted on 12/6/25 at 4:28 pm to
Helped our daughter and son-in-law with their first home two years ago. We negotiated down the wedding and put about $20k down for them. She manages a restaurant and he’s an HVAC guy. Small house just outside Birmingham in Leeds, AL. You can still get an affordable house in a decent neighborhood out there. Son-in-law is obviously handy and they’ve been fixing the house up.

You can still get it done, but it takes family.
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
45826 posts
Posted on 12/6/25 at 4:29 pm to
quote:

discipline


This is the biggest part, she came out of college and got just a regular 45K per year job and has worked up and nearly doubled her salary over the last 3 to 4 years.

Did the normal got into too much debt ran up all her cards, but she’s been paying them off the last several years and boom suddenly she’s there.
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
45826 posts
Posted on 12/6/25 at 4:32 pm to
quote:

How much? I saw a lot of starter homes being built in a new subdivision near where I live. But they are about 330K. Not really a starter home. Did she get a 600K shotgun in New Orleans?


Under $250k.

I guess I’m just speaking to all of the TikTok things I see from crying college graduates so they can’t make it in this world, yes, you can
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
45826 posts
Posted on 12/6/25 at 4:34 pm to
quote:

Not to get too personal, but is this your child that was a St Jude patient?


Naw that’s my oldest.

This is my middle one.
Posted by Rebel
Graceland
Member since Jan 2005
141379 posts
Posted on 12/6/25 at 4:39 pm to
Im sure you are proud of both.

My middle child started working at St Jude recently. She’s in research. What a truly special place.

Youngest volunteered today to work a hydration station for the St Jude Marathon today.
Posted by Penrod
Member since Jan 2011
51967 posts
Posted on 12/6/25 at 4:47 pm to
quote:

its become harder for the younger generations to afford a home THEY WANT TO LIVE IN nowadays

Fixed it. They don’t want to live in the homes we were raised in, nor the starter homes we bought when we got married.

BTW, like Meauxjeaux, my four kids are all homeowners except for one who lives with her husband in L.A. in a rent controlled apartment. But they could have bought a home years ago. They just don’t want to.
This post was edited on 12/6/25 at 4:49 pm
Posted by deltaland
Member since Mar 2011
100313 posts
Posted on 12/6/25 at 4:57 pm to
quote:

Proud of my daughter


quote:

Under 30.


We have rules here
Posted by BigD43
Member since Jun 2016
1291 posts
Posted on 12/6/25 at 5:00 pm to
Meauxjeaux's daughter does NOT have a OF!
Posted by TigerGman
Center of the Universe
Member since Sep 2006
13421 posts
Posted on 12/6/25 at 5:00 pm to
quote:

By the time I was 30 I had made so much in the stock market that I could pay cash for a nice home, actually multiple homes.
Like I said, some people are simple minded.
There's more than one way to skin a cat


Yeah cause 100's of millions of Americans wanna risk their financial future on getting lucky in the stock market, instead of a pretty much guaranteed homeownership investment.
Posted by danilo
Member since Nov 2008
24746 posts
Posted on 12/6/25 at 5:56 pm to
She single?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36597 posts
Posted on 12/6/25 at 6:06 pm to
quote:

They don’t want to live in the homes we were raised in, nor the starter homes we bought when we got married.


I think it’s pretty fair to not want to live in a tract home that will be falling apart in 5 years and have no resale value that costs you $350k
Posted by Spankum
Miss-sippi
Member since Jan 2007
60427 posts
Posted on 12/6/25 at 6:10 pm to
Congrats to your daughter! Get ready to start repairing shite every Saturday!
Posted by 6R12
Louisiana
Member since Feb 2005
11487 posts
Posted on 12/6/25 at 7:20 pm to
quote:

you gonna drop a link to her OF or what


You see what I mean, TD never fails to throw you a curve.

BTW, congrats to your daughter.
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