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I'm completely debt-free and have a good pile of money in the stock market. More all the time. Thanks, Trump!
Cost of owning the same thing is significantly larger than renting it.
What investment would that be that won't be affected in the next crash?
The benefit of owning is the landlord (bank) will take absolute minimum 9 months to maybe years to kick you out.
when you are paying your mortgage, anything going to principal is paying yourself.
Slowly rots is right. My 200 year old house cost $180 on the earliest land records from the year 1832.
In 2012 I pulled up one room of antique floor boards and sold them to a lumber co for $300 nearly double the cost of the whole house!
Slowly rots is right. My 200 year old house cost $180 on the earliest land records from the year 1832.
In 2012 I pulled up one room of antique floor boards and sold them to a lumber co for $300 nearly double the cost of the whole house!
In vast majority of cases, investing downpayment in stock market will seriously under-perform buying a house with 20% down due to leverage issues and rent increases. It is literally an unforced error in terms of tennis and may result in serious long term regrets.
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Being a renter back with the extended family is fan-fucking-tastic, isn’t it Patnet! All that housing shit you gave them years ago gets shoved back in your face in spades:
- Hey Jason, still renting huh, hows that waiting for the bottom working out for ya?
- Hey remember 5 years ago when you told me to sell and rent, waiting for the crash – LOL – gawd what a fucking disaster of advice that was. Say where you living these days?
- Hey still waiting on that “tidal wave†of inventory to crash prices – LOL – keep waaaaaating!!!
- Hey your wife was telling Kate in very hushed tones about you are paying FOUR FUCKING THOUSAND in rent these days? Couldn’t you have bought a few years ago for under 3K a month? Didnt you brag about how you were saving all that cash by renting? But if you could have bought for 3K and now rent for 4K how are you still winning? Oh well, keep renting, im sure it will work out for you...
ANOTHER PATNET VICTORY!!!
#Housing