Misc 30+ Geezer Crew: Either bring me a beer or get the hell off my lawn

[05impalaSS]

780-810 Credit Score crew checking in

Yup that about where I sit as well.

[jcranston]

Since we doing that transformation thing... 140 lbs - 204 lbs in pic, need to snap a 214-215 lb pic.

[Navillus13]

^ mirin murdered out old school beetle car. how much ass did you pull with that + stylin mustache?

strong twink to bear transformation

[Ascendent]

Alright geezers, life question. Few things are known. I'm 30, 31 in a few months. Single, and will be for the forseeable future with the exception of a cat. Graduating next year, signing with a recognized company, good benefits, very good salary. From a financial perspective, would it be better to rent a house for the next few years or buy? Although it's just me, I'm relatively spartan lifestyle wise minus the occasional good suit, shirts, shoes, coats. Dress well, but within my means.

Here's the catch: I've planned on buying an NSX for roughly a decade now. Financially, I will be able to do that whether I rent or buy as I'm budgeting for $40k or less on the car. Opinions? I don't really feel the need to own a house, although it seems to be something that is routinely done. Essentially, rent/mortgage and associated bills would be the only bills I have as I have no other debt. Currently, I have none, zero debt. So taking on a car payment would put me in debt for what, about five years? Tolerable. Nonetheless, I'd like to hear some opinions.

[twovalvekid]

since we doing that transformation thing... 140 lbs - 204 lbs in pic, need to snap a 214-215 lb pic.

[img]http://i.imgur.com/jppfygd.jpg?1[/ig]

freddie? Is dat you????

[jmonty]

Buying a house is probably better if you're sticking around one place for a while. But if you save up and put more down later you can get a nicer place.


I've had the same house for like 8 years, only just now getting above water on it. Most other people I know have had much success in home ownership. I still don't regret it though.

[twovalvekid]

Buying a house is probably better if you're sticking around one place for a while. But if you save up and put more down later you can get a nicer place.


I've had the same house for like 8 years, only just now getting above water on it. Most other people I know have had much success in home ownership. I still don't regret it though.

This. Im still under on mine, but i rent it out. I dont make up the mortgage but in the end i got closer to work, and someone is paying 75% of my mortgage for me right now (for the time being). Eventually, i will have a house that's paid for, that i didnt pay a majority on, and is doing nothing but generating cash.

[Ascendent]

Buying actually looks financially better, judging by the mortgage prices. I'm just trying to look at it from a financial standpoint which will merit me better.

[jmonty]

Buying actually looks financially better, judging by the mortgage prices. I'm just trying to look at it from a financial standpoint which will merit me better.

It's good to have land

[Ascendent]

It's good to have land

Eh, I'm pretty simple financially. As long as I have a decent place to live, something to do and a car to drive; I'm set.

[5x10]

Buying actually looks financially better, judging by the mortgage prices. I'm just trying to look at it from a financial standpoint which will merit me better.

financially, saving for a down payment on an appreciating asset is better than spending it on a depreciating asset
You will simply be in a better financial position 5-10 yrs from now with the house

But, I've been in a situation like yours
If I had not bought the cars I wanted, I would have had $80k more in my bank account right now, probably more as that calculation was a couple of years old(I took the cost of the cars and grew them at the rate of my actual investments)
I do somewhat regret buying the car, but, I can understand the desire to get it, especially when all the hard work you put in finally put you in a position to buy what you have always wanted

[Ascendent]

financially, saving for a down payment on an appreciating asset is better than spending it on a depreciating asset
You will simply be in a better financial position 5-10 yrs from now with the house

But, I've been in a situation like yours
If I had not bought the cars I wanted, I would have had $80k more in my bank account right now, probably more as that calculation was a couple of years old(I took the cost of the cars and grew them at the rate of my actual investments)
I do somewhat regret buying the car, but, I can understand the desire to get it, especially when all the hard work you put in finally put you in a position to buy what you have always wanted

I almost wonder if it would smart to rent for a few years then. That would (if I went that route) net the car (being paid off before buying the house), along with saving for a good down payment by putting aside a certain amount after all bills are paid. Since the car payment + rent would essentially be the (roughly) same as the mortgage (assuming housing fees, etc), there's only one of two ways I can see this. Forego the car and put more towards saving for a house in a few years or buy the car (small loan), make payments and put savings towards a house. Either way, I plan on living between the 36% and 50% marks, for total bills (utilities, car payment, rent/mortgage, insurance, etc). Maybe touch a little over 50% on occasion, but not over. The rest is planned for second 401k (already have one IRA from years in the military), savings and investments (which I currently have and will continue).

Although I imagine I could go a bit higher on the car, that is my absolute budget set aside for it. At this point, I'd only be looking at cars that have either stopped depreciating or started appreciating. The NSX is one of them, and outside of the major service; relatively trouble free. Ah, I'd be utilizing a VA loan so although I wouldn't need to make a down payment; I would.

[litljay]

Alright geezers, life question. Few things are known. I'm 30, 31 in a few months. Single, and will be for the forseeable future with the exception of a cat. Graduating next year, signing with a recognized company, good benefits, very good salary. From a financial perspective, would it be better to rent a house for the next few years or buy? Although it's just me, I'm relatively spartan lifestyle wise minus the occasional good suit, shirts, shoes, coats. Dress well, but within my means.

Here's the catch: I've planned on buying an NSX for roughly a decade now. Financially, I will be able to do that whether I rent or buy as I'm budgeting for $40k or less on the car. Opinions? I don't really feel the need to own a house, although it seems to be something that is routinely done. Essentially, rent/mortgage and associated bills would be the only bills I have as I have no other debt. Currently, I have none, zero debt. So taking on a car payment would put me in debt for what, about five years? Tolerable. Nonetheless, I'd like to hear some opinions.

I almost wonder if it would smart to rent for a few years then. That would (if I went that route) net the car (being paid off before buying the house), along with saving for a good down payment by putting aside a certain amount after all bills are paid. Since the car payment + rent would essentially be the (roughly) same as the mortgage (assuming housing fees, etc), there's only one of two ways I can see this. Forego the car and put more towards saving for a house in a few years or buy the car (small loan), make payments and put savings towards a house. Either way, I plan on living between the 36% and 50% marks, for total bills (utilities, car payment, rent/mortgage, insurance, etc). Maybe touch a little over 50% on occasion, but not over. The rest is planned for second 401k (already have one IRA from years in the military), savings and investments (which I currently have and will continue).

Although I imagine I could go a bit higher on the car, that is my absolute budget set aside for it. At this point, I'd only be looking at cars that have either stopped depreciating or started appreciating. The NSX is one of them, and outside of the major service; relatively trouble free. Ah, I'd be utilizing a VA loan so although I wouldn't need to make a down payment; I would.

You need to consider the ability to get a loan on a car that old and that expensive (honestly have no idea what they're going for now). And, if they will loan the $ at what interest rate?

Rent or buy is up to you, but stack it high and deep.

[05impalaSS]

It's good to have land

Yeah, if you plan on staying in the Springs for a while...look out east on 94 toward Yoder, Co...rumor has it they plan on expanding the springs out that way.

[blumpkin415]

I dont understand it either. And as a firearms owner...it makes even less sense. Because i know how silly people can be and how easily someone can do something potato.

If I am out in the woods operating I don't want to have to worry about someone wandering where they shouldn't

It's good to have land

I can confirm

[jcranston]

^ mirin murdered out old school beetle car. how much ass did you pull with that + stylin mustache?

strong twink to bear transformation

Much more than any man should have with that combo, lol!

freddie? Is dat you????

ROFL!

[JDizleSwoleizle]

Wait we are doing skinny now? Fuk will have to find some pics. Started lifting at 17 @ 125 lbs

[Vexidi]

Skinny as hell up until my mid-20's. Only then was I able to gain some weight.

[TXBuddy]

Skinny as hell up until my mid-20's. Only then was I able to gain some weight.

Dat geezer metabolism kicking in.

I can bulk on 3500cals, cut on 2500.

[gixxer0.6g]

Skinny till 5/6, got super fat, lost it in high school, got real skinny after high school, put on some respectable mass after I met my wife.

[Vexidi]

Dat geezer metabolism kicking in.

I can bulk on 3500cals, cut on 2500.

Yup. When I was racing I could eat 5k cals and not gain an ounce. Now I just sorta maintain around 2.5k or so.

[Artemis00]

Dat geezer metabolism kicking in.

I can bulk on 3500cals, cut on 2500.

I miss the days when I could eat 2 double cheeseburgers, a large fry, an entire bag of doritos or bbq chips and a 2 liter bottle of Mt Dew and not gain weight.

[bitty_bish]

I keep on confusing myself and thinking today is Thursday. I can't take away days...I'm not even close to done Christmas shopping!


Being a geezer is hard work.

[Paintballchick]

Skinny until aged 12ish then chunky/fat for the rest of my years.

[Artemis00]

I find for me, I gain weight primarily when I'm in a relationship and it is difficult to get that weight off during those times. Whereas when I'm single...super easy cause I eat what I want, when I want.

Thus can't have a relationship...will ruin my gains. LOL

[jcranston]

I find for me, I gain weight primarily when I'm in a relationship and it is difficult to get that weight off during those times. Whereas when I'm single...super easy cause I eat what I want, when I want.

Thus can't have a relationship...will ruin my gains. LOL

Lol, I was the opposite in college. Started lifting went from 140-185lbs, started seriously dating a chick, no more working out and barely ate... brb 155lbs.

[biggoron]

jelly of people's bulking problems. feel like I gain 5 pounds if I eat over 2500 cals for a day.

lost 120lbs in 23 months. cant get the rest off. really frustrating.

[jamalfudge]

I find for me, I gain weight primarily when I'm in a relationship and it is difficult to get that weight off during those times. Whereas when I'm single...super easy cause I eat what I want, when I want.

Thus can't have a relationship...will ruin my gains. LOL

I was never lean, always carried some extra poundage. It wasn't until I got a desk job that I started getting a bit chubbier. I lost most of that extra weight but can't seem to get passed 235-40 (below I should say).

[Artemis00]

Lol, I was the opposite in college. Started lifting went from 140-185lbs, started seriously dating a chick, no more working out and barely ate... brb 155lbs.

See those relationships are killer.

[engj]

^^Damn. I thought I was bad.

Good news today, received my job/salary offer for the Security Analyst position I interviewed for. Going to be honest, I grew up poor and never thought I'd come as far as I have. True, I've done cool things but the military was my way out of the ghetto, a way of a better life. Even paid/are paying for school. To be starting a well paying career is something I could have only dreamed of years ago. Just have to make this last push to graduation.

Awesome buddy. I know that feeling growing up, seeing successful people and just assuming stuff like that is not for you. You just can't see the path from down there.


My way out was oilfield and mining not the army, but its still 4-5 years of dues paid before you get a shot at something better.