- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: “You’re just throwing your money away on rent”
Posted on 8/20/19 at 5:57 pm to Eli Goldfinger
Posted on 8/20/19 at 5:57 pm to Eli Goldfinger
Regardless, if they do their homework and buy smart there is no way they should not come out ahead buying as opposed to continuing to rent.
Home warranty covers concerns about repair costs for about $500 per year
Unless they are unsure about staying in Nashville , they should make this a priority IMHO
.
Home warranty covers concerns about repair costs for about $500 per year
Unless they are unsure about staying in Nashville , they should make this a priority IMHO
.
0
Posted on 8/20/19 at 7:48 pm to theenemy
Also, didn’t you know it’s a smart idea to have to pay $1,500 rent when retired on a fixed income? As opposed to having the house paid off with one less bill (big one)?
Posted on 8/20/19 at 7:51 pm to Blind Zebras
quote:
People are so dumb. Read a few posts to above to avoid throwing away hundreds of thousands of dollars. Or do it and be a dumbass
I would say that having the money on hand to be capable of putting 20% down isn't a bad idea though.
It's nice to have a few grand liquid on hand for things that will inevitably go wrong with a home
Posted on 8/20/19 at 7:55 pm to Blind Zebras
quote:
You can get diversified, liquid returns that average 11-12% without the volatility and high transaction costs of housing
Am I missing some info here?
quote:
Now invest that for 30 years at 9%.
What's missing from this one too?
Posted on 8/20/19 at 7:56 pm to Eli Goldfinger
quote:
However, my housekeeper and her beau
Posted on 8/20/19 at 7:58 pm to LSUBoo
quote:
What sort of amenities does that get you? And do you take advantage of them?
Don't pay for gas or water and covers trash pick up. Other than that there's nowhere to park and the pool looks like shite constantly. So basically, we get nothing except for the fat arse HOA president to yell at us periodically when I'm loading and unloading my truck in front of the house because i'm "blocking the road" when there's enough room for an 18 wheeler to pass
ETA: if it wasn't for the location, Uptown Dallas, we'd be out of here asap
This post was edited on 8/20/19 at 7:59 pm
Posted on 8/20/19 at 8:19 pm to Eli Goldfinger
For the
Was it inflated in 2016? What about 2018? I agree with your assessment in this scenario with the exception of this statement.
quote:
1. The housing market is super inflated in our area (Nashville)
Was it inflated in 2016? What about 2018? I agree with your assessment in this scenario with the exception of this statement.
Posted on 8/20/19 at 8:29 pm to ItNeverRains
quote:
Was it inflated in 2016? What about 2018?
Yes
Yes
It started getting very bloated around 2013.
Posted on 8/21/19 at 12:07 am to NorCali
quote:You think landlords don’t factor in their anticipated maintenance and upkeep costs into their rate for rent? Yeah, a renter won’t have to deal with that big all-at-once expense if an A/C goes out but they’re still paying for it in the long run.
Dirty little secret, with a small down payment you are essentially “renting from the bank” for years, but on the hook for upkeep/repairs out of pocket.
Posted on 8/21/19 at 5:43 am to ulsaint
quote:
think they need to save the 20% and avoid PMI.
Jesus dude. How many first time home buyers have $50k in disposable savings they can put down on a house? Honestly?
Part of the problem with the housing market being so overinflated is the above. People just don’t make enough money to put realistic down payments on starter homes.
I’m looking for a new house but I realize I’m going to have to take a loss on my current house because the market sucks and really hasn’t changed from when I bought it ten years ago. I’ve got equity in it and I’ll likely get enough out of the sale to cover my 20%, but that’s just not always going to be the same for everyone.
Posted on 8/21/19 at 5:54 am to Eli Goldfinger
If you are making that little money in Nashville then one of your greatest assets is mobility. You can move anywhere for better work. There is a greater chance for opportunity elsewhere the less money you make.
So why buy? Rent and be ready to move for an opportunity.
So why buy? Rent and be ready to move for an opportunity.
Posted on 8/21/19 at 5:56 am to Tiger Prawn
A landlord likely has economies of scale and expertise on repairs a homeowner does not which keep their costs down. Or they won’t be a landlord long.
This post was edited on 8/21/19 at 5:57 am
Posted on 8/21/19 at 6:12 am to Eli Goldfinger
I think it’s a mistake to cross that boundary with your housekeeper. My staff know only to greet me and engage in very superficial discussion.
Good question though....I think home ownership is the smart move. While returning home from a business trip last week, the pilot of my private jet mentioned he was looking into buying a home. I encouraged him to do so.
Good question though....I think home ownership is the smart move. While returning home from a business trip last week, the pilot of my private jet mentioned he was looking into buying a home. I encouraged him to do so.
Posted on 8/21/19 at 7:00 am to Eli Goldfinger
when I bought my first home, we secured a loan that allowed us to pay 0% down without the PMI. We added some $$ each month to pay off more of the principal. I'm confident they could probably find a similar deal. If not, then I'd agree that buying a home is probably not for them at this point in their lives.
Posted on 8/21/19 at 7:14 am to Eli Goldfinger
quote:
It started getting very bloated around 2013.
So when a normal pullback occurs you believe prices will revert back to prices below 2013 levels?
Page 7 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News