Never Never Never Never Buy a house

[milwaukee mike]

between the 6k/year in real estate taxes, the house payments, new roof, siding, neighbors, etc it's enough to drive a guy nuts and into the poorhouse.
but what is REALLY irritating is all the little shit that has to be paid for if you're not handy (guilty!)

just in the last 2 weeks:
new router/adapter $130
new water heater $900 + 300 to install
new garbage disposal $250 + 120 to install
fix a bathroom shower $150

etc etc etc

this money would be MUCH better spent on games or at the casino!

[jgray]

between the 6k/year in real estate taxes, the house payments, new roof, siding, neighbors, etc it's enough to drive a guy nuts and into the poorhouse. but what is REALLY irritating is all the little shit that has to be paid for if you're not handy (guilty!) just in the last 2 weeks: new router/adapter $130 new water heater $900 + 300 to install new garbage disposal $250 + 120 to install fix a bathroom shower $150 etc etc etc this money would be MUCH better spent on games or at the casino!

I disagree with your premise, but the bold part is incredibly important. Basic stuff. Had to turn the heater on a couple of weeks ago in my house. Thing wouldn't turn on. So I open it up and look inside and see the pilot light is out. One minute later the pilot light is back on and and we have heat. Any idea how much it costs to bring a heating and cooling guy out your house. $75-100 minimum.

My advice, learn basic heating, cooling, electrical, and plumbing stuff and you will be surprised how much you can save.

Now, the new roof I need?

[Doc JS]

I disagree with your premise, but the bold part is incredibly important. Basic stuff. Had to turn the heater on a couple of weeks ago in my house. Thing wouldn't turn on. So I open it up and look inside and see the pilot light is out. One minute later the pilot light is back on and and we have heat. Any idea how much it costs to bring a heating and cooling guy out your house. $75-100 minimum.

My advice, learn basic heating, cooling, electrical, and plumbing stuff and you will be surprised how much you can save.

Now, the new roof I need?

This!

Doc

[pavyracer]

If getting electrocuted or burned alive saves you a few bucks to gamble with then go for it.

[jgray]

If getting electrocuted or burned alive saves you a few bucks to gamble with then go for it.

It's not that complicated Pavy....

[jjgold]

If getting electrocuted or burned alive saves you a few bucks to gamble with then go for it.

High Taxes are what kill investing any more in real estate

Minorities caused this

[minet123]

High Taxes are what kill investing any more in real estate

Minorities caused this

Hmmm I wonder who said a similar thing in 30's Germany

[konck]

thats funny

[konck]

but dont say that to yourself

[ChileCheese]

Its funny how 60 years later the Jews are spouting off about minorities.
You are such a Mashugana JJ.

[Grind House]

Fuked up part is after 25-30 years of paying for it, you still don't own the shit. America.

[capitalist pig]

Buying our two houses are two of the best investments we ever made. Of course it helps that I dont owe anything on either anymore. Best advice I could give would be to never get in a 30 year mortage, 15-20 years at most,JMO.

later

[ProfaneReality]

never buy a condo, because when uppity bitches decide they want the whole building remodeled, redecorated inside and out for millions of dollars, and you are outvoted, you get stuck with the assessment.

[str]

between the 6k/year in real estate taxes, the house payments, new roof, siding, neighbors, etc it's enough to drive a guy nuts and into the poorhouse.
but what is REALLY irritating is all the little shit that has to be paid for if you're not handy (guilty!)

just in the last 2 weeks:
new router/adapter $130
new water heater $900 + 300 to install
new garbage disposal $250 + 120 to install
fix a bathroom shower $150

etc etc etc

this money would be MUCH better spent on games or at the casino!

Mike,
Start shopping prices man.
New Hot water heater ( 75 gal. ) 400 tops. + 200 install TOPS
Best garbage disposal in the world at Home Depot 70.00 maybe 100 to install.
Write of your taxes.
Save receipts to post against capitol gain down the road.
Write off interest paid on mortgage.
I know, housing is in the toilet.
As long as you do not have to sell , it does not matter!
Only place I know where you put down 20% but the value increases in your favor at 100%.
You do not need to be handy to shop pricing on materials.
Get the bar code app.
I know it is tough now but it will not always be.
Hang in.
GL

[milwaukee mike]

people that bought more than 10 years ago think housing is a great investment
people like me that bought near the top are frustrated with it (doesn't feel good to buy a 380k house that you couldn't sell for 300k that keeps costing you more and more money)


TIMING IS EVERYTHING IN LIFE

right now (at least around here) housing is still way overpriced versus renting
guys can rent 3000 square feet for $1000/month
between housing payment/taxes a similar house costs $2200/month to buy PLUS then you have to pay the maintenance

government is still subsidizing housing by letting you deduct mortgage interest and real estate taxes
interest rates are at record lows, if these ever go up significantly the bottom could fall out everywhere, not just florida/az/ca

[milwaukee mike]

str i always use 10% off lowe's/home depot but it was still 900 for the water heater +299 for lowe's installation (home depot is $300 also)
same thing with the garbage disposal, i got a relatively cheap 3/4 hp - the 1hp were $300 or so and again lowe's screws me out of $120 to install their own product

i'm not that old but i'm getting to the point where i remember everything being a lot cheaper!
and i know they pay these guys $10/hour to install something and charge me $299 for it

[str]

people that bought more than 10 years ago think housing is a great investment
people like me that bought near the top are frustrated with it (doesn't feel good to buy a 380k house that you couldn't sell for 300k that keeps costing you more and more money)


TIMING IS EVERYTHING IN LIFE

right now (at least around here) housing is still way overpriced versus renting
guys can rent 3000 square feet for $1000/month
between housing payment/taxes a similar house costs $2200/month to buy PLUS then you have to pay the maintenance

government is still subsidizing housing by letting you deduct mortgage interest and real estate taxes
interest rates are at record lows, if these ever go up significantly the bottom could fall out everywhere, not just florida/az/ca

Hang in Mike. My son is in the same boat.
It will get right side up again and sooner than you think.
Are you in good shape with 5% interest or so?

[milwaukee mike]

never buy a condo, because when uppity bitches decide they want the whole building remodeled, redecorated inside and out for millions of dollars, and you are outvoted, you get stuck with the assessment.

yeah no shit man
i've got a buddy that bought a condo in florida for 10k and recently found out that since it's only 20% occupied now he has to come up with 5 times the dues if it was full (what a dumbass for not checking that out first)

[milwaukee mike]

Hang in Mike. My son is in the same boat.
It will get right side up again and sooner than you think.
Are you in good shape with 5% interest or so?

thanks buddy

yeah i can still make the nut but sometimes it's irritating when you have an extra 2k in expenses in a month that weren't any fun

[Killer_Demo]

i'd rather own than rent my whole life

[GELATINOUS CUBE]

grindhouse

i-own-all-my-places.

[GELATINOUS CUBE]

the-only-problem-is-when-the-local-authoritys-dont-like-you-they-zero-in-on-you-
and-try-to-make-your-life-hell.

Then-what???You-just-bought-a-200,000-home...are-you-gonna-just-move?

[onlooker]

Maybe you should look into a home warranty then. Something like $450-500 a year to cover that basic stuff. Only thing you pay is a deductible of $50 or so for the service call.

[pavyracer]

Never never never never buy a car...it breaks down

Never never never never buy a shirt...it gets worn out

Never never never never buy a fruit...it rots

[maersksealand]

yeah...not worth buying a home...you can get a decent used boat or RV and live stress free, or just rent and don't give a puck about big payments, repairs, etc.

[Slim]

Just get a double wide like Uncle Richie. You can get this one for just $9K.

[milwaukee mike]

pavy your post is somewhat realistic but i agree to disagree
if i would've rented at 1000/month instead of bought at $380,000 5 years ago, i'd be
ahead $80,000 on the loss of value of the house
ahead $20,000 on the commission 6% if i sold
ahead the $1000/month that rent is cheaper than the mortgage payment
ahead the $6000/year that i'm paying in real estate taxes
ahead the $10k i paid for the roof
ahead the $10k i paid for the siding

all told the "american dream" lie that was sold to me by the banksters and mainstream media has cost me over $200,000

[milwaukee mike]

and don't give me the bullshit that rent is throwing money away, that's another lie told to you by the establishment to get you to enslave yourself for 30 years of mortgage payments

rent is $1000/month around here with an indoor pool and fitness center
i'm paying over $3000/month all told just to get bent over without any lube

[onlooker]

Sorry. My mortgage is under 950 and I also have a community fitness center and pool. Just bought last year, when the housing market was way down. Your right, timing is everything.

[Jimmy0607]

Trueeee

[milwaukee mike]

Sorry. My mortgage is under 950 and I also have a community fitness center and pool. Just bought last year, when the housing market was way down. Your right, timing is everything.

nice work onlooker
never be sorry for getting a good deal

[Slim]

Pay cash when you're buying a house.

[onlooker]

nice work onlooker
never be sorry for getting a good deal

Thanks.

I was saying sorry for your situation. I hope things get better for you, and if you think your going to experience more repairs in the future, look into a home warranty. I think it would save you some money in the long run.

[Flexin]

and don't give me the bullshit that rent is throwing money away, that's another lie told to you by the establishment to get you to enslave yourself for 30 years of mortgage payments rent is $1000/month around here with an indoor pool and fitness center i'm paying over $3000/month all told just to get bent over without any lube

But at the end of 30 of renting you are hoping to her your damage deposit back. With your house you will get money when you sell it or it can be rented to someone who thinks its better to rent then buy.

James

[ngates815]

and don't give me the bullshit that rent is throwing money away, that's another lie told to you by the establishment to get you to enslave yourself for 30 years of mortgage payments

rent is $1000/month around here with an indoor pool and fitness center
i'm paying over $3000/month all told just to get bent over without any lube

Rent is just pissing away money.


What do you get back from renting when you want to move? ohh your security deposit