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86
fdhfoiehfeoi
2017 Dec 1, 9:53am
fdhfoiehfeoi
2017 Dec 1, 9:53am
WookieMan says
That is a good point. Was three years for some people during the last housing crash. You'd still have to calculate your down against other top investments, upkeep, taxes, against the money you save waiting for the sheriff.
The benefit of owning is the landlord (bank) will take absolute minimum 9 months to maybe years to kick you out.
That is a good point. Was three years for some people during the last housing crash. You'd still have to calculate your down against other top investments, upkeep, taxes, against the money you save waiting for the sheriff.
87
Patrick
2017 Dec 1, 10:16am
Patrick
2017 Dec 1, 10:16am
Rew says
Of course, I already took that into consideration.
Still way cheaper for me to rent my place in particular, and it's generally cheaper to rent than to own in most of the SF Bay Area.
The numbers are facts:
https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html
The inputs to that calculator are the subjective part. People tend to assume way too much appreciation in the value of the land. (Houses never appreciate. Only the land under it appreciates. A house is a wooden box which sits out in the rain and slowly rots.)
when you are paying your mortgage, anything going to principal is paying yourself.
Of course, I already took that into consideration.
Still way cheaper for me to rent my place in particular, and it's generally cheaper to rent than to own in most of the SF Bay Area.
The numbers are facts:
https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html
The inputs to that calculator are the subjective part. People tend to assume way too much appreciation in the value of the land. (Houses never appreciate. Only the land under it appreciates. A house is a wooden box which sits out in the rain and slowly rots.)
88
anonymous
2017 Dec 1, 8:10pm
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 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!
89
Strategist
2017 Dec 1, 8:29pm
Strategist
2017 Dec 1, 8:29pm
anon_4c105 says
I would have paid $1 million for it if you threw in the worthless lot beneath the floor boards. Too late.
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!
I would have paid $1 million for it if you threw in the worthless lot beneath the floor boards. Too late.
90
fdhfoiehfeoi
2017 Dec 4, 10:23am
fdhfoiehfeoi
2017 Dec 4, 10:23am
anon_4c105 says
Assuming you bought in 1832...
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!
Assuming you bought in 1832...
91
ja
2017 Dec 4, 12:07pm
ja
2017 Dec 4, 12:07pm
anon_7ebb1 says
Yes.. using a loan will give you potentially more rewards (and more risk). It's difficult to get a loan to invest on stocks. But if we compare apples to apples, stocks tend to do better than housing, considering everything.
http://www.fau.edu/newsdesk/articles/homeowners-cant-count-on-property-appreciation-for-wealth.php
Abstract:
It is ell accepted that homeowners, on average, have greater total wealth than renters. However, Beracha and Johnson (2012) show that in a strict “horserace” comparison, renting creates higher wealth than ownership in the majority of cases. In this paper, we revisit Beracha and Johnson's buy versus rent model to investigate factors affecting the wealth outcomes of the buy versus rent decision. Three key findings emerge: (1) the difference in wealth between renting and owning can be most affected by choices within the scope of the individual rather than through the impact of exogenous market variables; (2) households that fail to reinvest buy-rent cash flow differentials acc
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.
Yes.. using a loan will give you potentially more rewards (and more risk). It's difficult to get a loan to invest on stocks. But if we compare apples to apples, stocks tend to do better than housing, considering everything.
http://www.fau.edu/newsdesk/articles/homeowners-cant-count-on-property-appreciation-for-wealth.php
Abstract:
It is ell accepted that homeowners, on average, have greater total wealth than renters. However, Beracha and Johnson (2012) show that in a strict “horserace” comparison, renting creates higher wealth than ownership in the majority of cases. In this paper, we revisit Beracha and Johnson's buy versus rent model to investigate factors affecting the wealth outcomes of the buy versus rent decision. Three key findings emerge: (1) the difference in wealth between renting and owning can be most affected by choices within the scope of the individual rather than through the impact of exogenous market variables; (2) households that fail to reinvest buy-rent cash flow differentials acc
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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