lol @ people who buy houses to live in

[dixon]

In after 100 replies where OP offended half the misc, got called on it, and still refuses to accept that buying a house has it's advantages.

Whats my second post in the thread say?

[dixon]

you could always do both
sublet the house while you travel , no ?

Yeah, thread title says "live in."

If you think you are a better real estate investor than all other forms of investment and actually approach it by analyzing the numbers, then sure, be an investor, and rent out a house.

[JtotheIzzo]

in for later

[DanceShay]

Anyone have other ways they make a good income to fund their travels? I'm only 21 and want to get all this solo traveling out of my system before settling down (if that ever happens). I'd be happy just being a nomad my whole life.

[dixon]

In after 100 replies where OP offended half the misc, got called on it,

u callin me out brah?

lol @ offending the misc

my OP says i have mobility because i rent and buyers dont.

every buyer should be WELL AWARE that they sacrifice mobility by buying.

lulz "oh noes you stated something obvious i already knew, youre offending me"

"omg telling me that buying a house is not something i should do automatically but should be an investment decision with worked out accounting is offending meeeeez!"

"stop stating the obvious downsides of something that i did/am planning to do!!!! rar"

"lolz wait til i aware OP that buying a house is always a good investment decision without doing any math. op is such a n00b, how could he not know that article of truth that my mom and dad told me and i accepted without analyzing?"

[dixon]

Anyone have other ways they make a good income to fund their travels? I'm only 21 and want to get all this solo traveling out of my system before settling down (if that ever happens). I'd be happy just being a nomad my whole life.

Webcam modeling in a bikini.

[irishpie]

I bet you have a sweet ******** album to show for that.

But the other guy has a place to live. Forever.

I have never seen so much ownage from a 1rd post before

Hat's off sir

[caonima]

pics of poverty homes u live in?

[dixon]

pics of poverty homes u live in?

imagine this: exactly like a house you buy except you rent it

[Sitkuntbrah]

I would rather live in a small apartment and see the world,
then live in a big house and rarely travel.

Close-minded misc is close-minded.

[AloneUnafraid]

um what op?

my mortgage is 800$/mth

1600 sq ft house on 20 acres on the red river, fishing, biking, quading, horse back riding, etc whenever i want, and i can afford to travel should i desire to...jakes on u op

I just choked on dinner when I saw that you were paying 800/mo for 1600 sq feet, like WTF?!?!? Then I saw that you own 20 fukking acres. Jelly as fukk cuz.

[LiftersHigh]

What's wrong with owning a home and taking a 2 week vacation overseas once or twice a year?

[dixon]

What's wrong with owning a home and taking a 2 week vacation overseas once or twice a year?

That kind of two week stuff isn't for me. The hurried, all-hotel, don't talk to the locals type of vacation.

Its okay for some people.

For me, "living abroad" is a more appropriate word than travel.

[Vayne]

Interesting

[Scofield]

Came into this thread and decided to rep op.

He is 100% correct. Houses are not good investments, people who think they are just run on a horrendous confirmation bias without actually doing the math.

[CanardLaque]

fantastic debate guys, keep it up ,I'm learning all day long.

My thoughts: depends of your lifestyle. Own it or rent it, we're all in the pursuit of happyness.

[compoze]

strong backfire

[TheStiffmeister]

brb just traveled the world for the last 9 months on less than your mortgage payment

have fun being tied down?

This is actually a good post.

In THIS ECONOMY, a home is not good. I say this in the event you lose your job, you are tied to one area to find employment. This puts you at a big disadvantage. Depending where you live, some states have taxes of 10,000-13,000 dollars a year on the house. THAT IS LOST MONEY! It isn't building you any equity. The house in that situation is a HORRIBLE INVESTMENT. I say this because that house will need to have a massive appreciation in value to overcome the Home taxes, upkeep costs, acquisition costs, and interest from the mortgage.

If you crunch the numbers there, owning a home is a horrible investment and you will never have an increase in value the way you would have maybe 10+ years ago when the housing market was exploding.

So you have an item (the house) that is NOT easily sold off in this bad market. Have you lose your job and must relocate, you will likely need to rent out the house or not be able to find good tenants You will not live in the "home you own". I see this is as a major headache.

Owning a home was a terrific investment years ago. Under Obama and today's economic climate, I would heavily deter someone from buying a home.... UNLESS it is a Two family and their rent is paying your mortgage. In that case, you have provided yourself free living expenses. THIS IS A GOOD INVESTMENT IN THIS SITUATION.

[jjcooney]

You used to be able to sell pretty easy. Now though yeah, you better really love the area, your job and your neighbors.

[Jasonw1178]

The thing about buying a house is it ties you down. I did it, lost it, sucks but honestly, looking back, because I owned that house I lost some opportunities because I was stuck there.

[sanblz33]

LOL @ the accounting retards in here.


House = liability
Mortgage = Asset

[MillerDecaXC]

brb just traveled the world for the last 9 months on less than your mortgage payment

have fun being tied down?

lol wut? You got paid $3700 to travel the world? explain...

-I have an $860 mortgage payment
-I get $425/mo from 3 roommates for rent
-$1275 - 860 = 415... x 9 months = $3735 untaxed

and how much $ did you make in those 9 months? cause i made around $28,000.


I see your point OP, just saying some people have different goals.

[TheStiffmeister]

lol wut? You got paid $3700 to travel the world? explain...

-I have an $860 mortgage payment
-I get $425/mo from 3 roommates for rent
-$1275 - 860 = 415... x 9 months = $3735 untaxed

and how much $ did you make in those 9 months? cause i made around $25,000.


I see your point OP, just saying some people have different goals.

Townhouse where I am:

Mortgage 800/ month
Insurance year (minimum 900)
Taxes the year $10,000
Association fees/month $150


The Property taxes and insurance go up each year here.
Sewage bill TOWN cant recall couple hundred
Sewage Bill County -cant recall couple hundred

Lots of money!

Factor in if anything goes wrong (and it has) you will be using your free time on the phone with repair people, getting estimates, then paying out the ass for a repair. You lose opportunity costs in life with that. I recommend everyone rent and not do this.

[MillerDecaXC]

Townhouse where I am:

Mortgage 800/ month
Insurance year (minimum 900)
Taxes the year $10,000
Association fees/month $150


The Property taxes and insurance go up each year here.
Sewage bill TOWN cant recall couple hundred
Sewage Bill County -cant recall couple hundred

Lots of money!

Factor in if anything goes wrong (and it has) you will be using your free time on the phone with repair people, getting estimates, then paying out the ass for a repair. You lose opportunity costs in life with that. I recommend everyone rent and not do this.

lol wut? Insurance and taxes are all included in that mortgage payment... and the numbers you gave are all well over double what i pay... and i have no association fees, its a house not a condo.

as for the water/trash/sewer, again way less than half of the amount that you gave.

And its not very often things go wrong. Ive owned 3 homes in the past 6 years, so far only one major thing happened (to a gas furnace) and that cost me $300... everything else was small little things i could fix myself a few times a year... also keep in mind my NEWEST house was built in 1901...

[Painz4Gainz]

I can't see myself buying a house either op. Only way I'd do is it to generate passive income. I could then use passive income to buy a house if I wanted.

[Painz4Gainz]

lol wut? You got paid $3700 to travel the world? explain...

-I have an $860 mortgage payment
-I get $425/mo from 3 roommates for rent
-$1275 - 860 = 415... x 9 months = $3735 untaxed

and how much $ did you make in those 9 months? cause i made around $28,000.


I see your point OP, just saying some people have different goals.

You can travel the globe for $18k-$24k for an entire year AND have fun. You just have to make the right judgments. Look it up, plenty of bloggers have done it.

[puremb]

Buy a house, rent it out for the cost of the mortgage, travel the world while someone else is paying for your house.