| Bigjim
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In United States
Registered Oct 08, 2011
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Bigjim's most recent comments:
- On 17 Sep 2012
in
The Housing Trap,
Bigjim said:
I don't know Patrick, if congress, the president, parents & even my wife are conspiring against me (Chapt. 2), I think I may have bigger problems than owning some real estate. Perhaps a little too much hyperbole? - On 4 Jun 2012
in
Cost of Ownership vs Renting situation. I did the Math.,
Bigjim said:
Call it Crazy says
Bigjim says
Over a 26yr period mine are $200mo.
How the heck can you get away with only $200/mo.??? I was in the last house (which was in good shape) for 10 years and spent way more than that on average per month. I did all the work myself, didn't hire any outside labor. That was mostly material costs. I also didn't have any major hits like HVAC or roofs... mostly standard and usual upgrades/replacement items.
Either your wives don't like to upgrade or my wife upgrades too often and is nuts.. (OK, she might be a little nuts) but if you go through the normal replacement cycle of bathroom upgrades and kitchen upgrades, appliances, carpeting, fixtures, etc., It has to run over $200./month on average....
The biggest expenses were in the first decade of ownership. After a while all the big stuff was done & I coasted with just a few expenses. Then I upgraded a lot of stuff upon retirement. FYI a 25yr roof was $8K in 2010. - On 4 Jun 2012
in
Cost of Ownership vs Renting situation. I did the Math.,
Bigjim said:
The statistics & assumptions used by Floridabill don't seem to be correct. In SM Co. my home Ins = $55/mo not $100. Flood Ins.=0 (don't buy in a flood plain). His maintenance & other costs also seem very high. Over a 26yr period mine are $200mo. That includes 2 new roofs. Get your ass off the couch & your face off Facebook & do some or most of the work yourself! Most people can learn to paint & do basic plumbing & other repair jobs. I look at homeownership as stablizing some living costs. Renting is only stable for the lease period, after which you face a rent increase. In this area rents are going up by more than 5%.
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