|Today 10:58 AM|
|Aku||I fortunately don't have student loans except for the last semester. And that loan I owe my parents since they did a home equity loan for me at WAY cheaper of an interest rate than any student loan would be. So I'm slowly paying my parents back for that. I also live on my own in an apartment and starting Sept I'll have a single bedroom so that won't be cheap. (over double the rent/util cost of my current living situation). I pay my own auto insurance on 2 cars, and a payment on 1 of them. I also pay my own phone bill and I refuse to not pay off a credit card bill in full every month. Combine that with an unhealthy car modding problem and this is why I don't own a house yet.|
|Today 10:45 AM|
|gold_zx3||Even with the PMI I'm paying per month for not putting 20% down I'm only paying like $20 more per month for my mortgage plus escrow than I did with my dinky ass studio apartment that's only a mile closer to downtown. Do I have to do a shit load more maintenance? Hell yes. But for me I think it's totally worth it. If I had to do it again I'd probably spend a little more for a house better suited to my needs but my mortgage is so damn cheap I can live here for a couple more years, save money, resell it for more and find something better. That's the plan anyway...|
|Today 10:31 AM|
|Chas||Lol look man, you're the one that sends me articles claiming its better to rent than own, unsolicited. I'm sorry if I struck a nerve about family. If you can afford to rent a nice home in traverse city, you an afford to buy a decent home and actually get your money back as opposed to a black hole. That's it.|
|Today 10:22 AM|
My point with asking that isn't to cut you down, but to act as if it's "easy" because it was for you, is silly. I had to pay my own insurance and cell phone, (not on parent's plan for either) in high school. I had to buy my first vehicle, by saving sweeping floors and mowing lawns when I was 12, 13, 14. I remember having to put books on a credit card because I couldn't even get a loan for them one semester in college, and had to pay it back off. I would guess Tiff and I pay more in college loans each month than you pay in mortgage and taxes.
So yes, if I had 20% to put down on a house right now, you bet I'd be a homeowner. You consistently confuse the argument I make though. I am not saying buying a home is bad. I am simply saying it's not always good. Had I bought a house in Royal Oak, or Rochester, then ended up moving here, I more likely than not would have lost money on the deal.
|Today 09:48 AM|
|Chas||Yeah, it's totally worth it. Honestly, even if we weren't making money on our homes, i'd still enjoy it. I love taking something and making it newer and nicer. I hope to fix up more homes in my life.|
|Today 09:41 AM|
|egman2005||I bought my house all by myself lol. Just worked like 80+ hrs a week for a few months to save down payment plus borrowed from my parents and paid them back a month later.|
|Today 09:40 AM|
We'd either still be in an apartment or I wouldn't have the z06 if Courtney wasn't uber thrifty sacking away tons of money combined with her free college between her scholarships and her dad being a war vet.
I wasn't really good at saving money till semi recently but at least I didn't do lots of the normal college kid dumb stuff i.e. no student loans or crazy credit card debt.
|Today 09:32 AM|
If "daddy" didn't "help me out" I still would have bought a house. I don't save much money by going through my Dad. he undercut my best bank loan by .5% interest, that's it. Meaning, if my Dad did not invest any of that money, I'd still have enough for a small down payment for an FHA loan or similar.
|Today 09:27 AM|
I have only stated that buying doesn't ALWAYS make sense, not that it never does. It makes a lot more sense when daddy helps you out.
|Today 09:14 AM|
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