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+---- Thread: Apartment or house? (/Thread-Apartment-or-house)
RE: Apartment or house? - Mark0thepolo - 05-17-2022
(05-17-2022, 06:18 AM)mothered Wrote:(05-17-2022, 06:02 AM)Mark0thepolo Wrote: If you live like a king, why continue to SE?Why not?
(05-17-2022, 06:02 AM)Mark0thepolo Wrote: What motivates you to continue?The power of manipulating every entity at my disposal.
It is interesting to see how someone can be motivated simply by manipulating others. Deceitful and manipulative behavior can be a sign of antisocial personality disorder. Does every entity at your disposal include other members of this forum?
RE: Apartment or house? - mothered - 05-17-2022
(05-17-2022, 07:23 AM)Mark0thepolo Wrote: It is interesting to see how someone can be motivated simply by manipulating others.Manipulation Is not simple by any stretch of the Imagination.
(05-17-2022, 07:23 AM)Mark0thepolo Wrote: Deceitful and manipulative behavior can be a sign of antisocial personality disorder.Thank you, professor. I'll take It under advisement.
(05-17-2022, 07:23 AM)Mark0thepolo Wrote: Does every entity at your disposal include other members of this forum?My answer Is obvious.
RE: Apartment or house? - Jiggly - 05-17-2022
(05-17-2022, 05:02 AM)Quitelargegenitalman Wrote:(05-17-2022, 04:33 AM)mothered Wrote:(05-16-2022, 11:44 PM)Quitelargegenitalman Wrote: But you would be paying a lot just in interest, especially now.It depends where you're located.
In my locality, the Interest Is down to the bare minimum.
(05-16-2022, 11:44 PM)Quitelargegenitalman Wrote: You need to take into account interest, property tax, Insurance and general maintenence.When renting, you still need to pay contents Insurance. Property tax for a home owner Is a one-off payment. As for maintenance, It's not significant.
(05-16-2022, 11:44 PM)Quitelargegenitalman Wrote: Not to mention the overall increase in spending you are going to do filling the house with furnitureOnly done once, at the most twice.
My point Is, In 30 years time you'll own the home/apartment, as opposed to having nothing to your name at 60 years old and still paying rent.
You don't need renters insurance, especially if you don't own anything and here in Canada at least, property tax is annual. That's a few grand a year you piss away for nothing.
With home prices in most urban areas these days you are going to be a wage slave for the next 50 years trying to pay off the mortgage.
You'd be better off getting a cheap rental, split it with someone, invest all the saved money in Luna and then retire in Mexico in less than 30 years. With a house at a fraction of the cost while you enjoy all the sweet gains you will make on Luna.
I think everyone needs to take advice in this thread with a pinch of salt. Every country/region will be different when it comes to disposable income/living costs/rent costs etc.
Where I live, you will pay rent worth almost double what the mortgage is worth. Renting simply isn't worth it. Most people cannot afford a house outright when they first move out the parents place, and rarely have a credit rating for a mortgage, so are stuck renting, paying a huge sum of money for renting, and unable to save for a mortgage & deposit/house outright. It's a very vicious cycle where I am. I also know there are places in the states where the house prices are comparable to my regions house prices from 30 years ago, without a massive difference when comparing income. This means much more disposable income in those US regions, than where I live.
Long story short: Totally depends on region/nation and personal circumstance/opportunities.
RE: Apartment or house? - Quitelargegenitalman - 05-17-2022
(05-17-2022, 05:58 AM)mothered Wrote:(05-17-2022, 05:02 AM)Quitelargegenitalman Wrote: You don't need renters insurance, especially if you don't own anything and here in Canada at least, property tax is annual. That's a few grand a year you piss away for nothing.I speak from experience, and not something I've Googled or received advice from others.
With home prices in most urban areas these days you are going to be a wage slave for the next 50 years trying to pay off the mortgage.
You'd be better off getting a cheap rental, split it with someone, invest all the saved money in Luna and then retire in Mexico in less than 30 years. With a house at a fraction of the cost while you enjoy all the sweet gains you will make on Luna.
I've never paid a single dime In rent, played It smart by purchasing my home In my teens, and now living like a king - no debts and can purchase a 5k laptop without noticing a dent In my finances.
I get what you're saying bro but I'm talking about today. Not the best time to enter into the real estate bubble just when rates got hiked and valuations are starting to drop, at least in Cuckanada. I think we will be entering a buyers market soon. If I could travel back 5 years and buy a house for 100k I would but now only Elon musk can save me
RE: Apartment or house? - mothered - 05-18-2022
(05-17-2022, 11:32 PM)Quitelargegenitalman Wrote: I get what you're saying bro but I'm talking about today. Not the best time to enter into the real estate bubble just when rates got hiked and valuations are starting to drop, at least in Cuckanada. I think we will be entering a buyers market soon. If I could travel back 5 years and buy a house for 100k I would but now only Elon musk can save meI understand your point.
It does depend on locality and many other factors.
RE: Apartment or house? - Quitelargegenitalman - 05-18-2022
(05-18-2022, 02:36 AM)mothered Wrote:(05-17-2022, 11:32 PM)Quitelargegenitalman Wrote: I get what you're saying bro but I'm talking about today. Not the best time to enter into the real estate bubble just when rates got hiked and valuations are starting to drop, at least in Cuckanada. I think we will be entering a buyers market soon. If I could travel back 5 years and buy a house for 100k I would but now only Elon musk can save meI understand your point.
It does depend on locality and many other factors.
Yeah it really does piss me off when I think about the chances I blew at getting properties for good prices before the market exploded.
I could have been chilling with a house basically paid off, but fuck it. There are places I could move and still get affordable housing, city life is overrated anyway, I have seen shitty cardboard townhouses here sell like 250k over asking, its only a matter of time before blood hits the streets.
RE: Apartment or house? - mothered - 05-18-2022
(05-18-2022, 03:31 AM)Quitelargegenitalman Wrote: Yeah it really does piss me off when I think about the chances I blew at getting properties for good prices before the market exploded.I know, It's very tough out there.
I could have been chilling with a house basically paid off, but fuck it. There are places I could move and still get affordable housing, city life is overrated anyway, I have seen shitty cardboard townhouses here sell like 250k over asking, its only a matter of time before blood hits the streets.
A few friends of mine owe In excess of 350k on their home. When I was young, I was fortunate to have financial guidance through my dad - which Is why I'm In a very comfortable position.
RE: Apartment or house? - Turbando - 05-18-2022
I'd say house if you can afford it
RE: Apartment or house? - UnlimitedDesk - 06-28-2022
It's crazy, because it depends on the situation. If I'm fairly settled, I'd like to have a house because of the possible rise in value. But an apartment is less of a commitment, and allows you to change locations more often
RE: Apartment or house? - DrAlvarez - 07-15-2022
When you buy a house or property, you become the owner of private property as opposed to renting.