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If it drops another 20% then I am interested, otherwise, I'll forever be a renter here while I collect rents from other more sane places in the world. ;)
Plenty a good pickings out here whereabouts I am.
If it drops another 20% then I am interested, otherwise, I'll forever be a renter here while I collect rents from other more sane places in the world.
Don't you mean 50%?
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So, the most feared event happened to me as a renter. The worst thing that could happening in the world. It has been talked about here in arguments why you are okay with owning and risking losing gobs of wealth. Many have argued that the stress of the event I just went through is massive. It ages you and reeks havoc on your family and friends. Addictive tenancies that you thought you beat years before come back to life. Woh is me, how horrible life gets. I wish I had owned and lost 100's of thousands of dollars, so I didn't have to go through this mess.
You guessed it smarty, I had to move. It took me a total of 2 weeks of checking the listings, visiting places, talking to landlords, doing applications and then voila. I had to choose between 3 places, all of them equivalent to my alias "RentingForHalfTheCost". So, folks, I got to tell you it really stressed me out. It took two whole weekends out of my life. Getting in and our of the car, walking around peoples houses, talking to potential landlords. Oh, the misery of it all.
Then during the week, each day after work I was packing. I had to miss my favorite shows, I had to eat ordered in pizza and drink my least favorite drink (beer). This is so hard for me to even write about here. Just the memories of losing all that time to save a few $100K seem so crazy. If I had it all back, I would have bought in 2006 and I wouldn't have had to give up these 2 weekends. So sad.
And to top it all off, I now have to move these boxes and furniture. I haggled hard with some people offering to help me move and the lowest I can get them down to is $500 for the day. So, I get everything moved for $500. The disappointment of not having to carry anything is just hard to take. I am lucky, though, because I worked it into the contract that as long as I don't get in their way, I can also put on a moving jacket and join them. They didn't want my help at first, but after they saw how miserable it was making me they agreed.
I tell you Patnet users, this rental stuff is not for the weak. After being right in the middle of the best argument from the existing owners or sellers, I have completely changed my mind. Buy now! It doesn't matter the cost, it doesn't matter the cash flow comparisons to rentals, the lack of employment, the fact that we have empty houses all over the country. Just do it! Avoid the pain I am now going through. I can only sleep 9 hours every night now. I don't even enjoy the second serving of dessert I give myself for staying debt free all these years. It sucks! BUY BUY BUY!