Life & Stuff 2020 I 2020 Endurance Run

By DY_nasty Go To PostSeen too many people lose their homes to absolutely trifling issues. From natural disasters, to job loss, to injuries that mean they can no longer access their own homes, poor investments, etc. You pay less in some cases, sure, but the amount of yourself tied into a home is insane.

It gets hard to have the conversation because it really feels like those risks get outright dismissed. And in today's job market as well, being able to move is an incredible personal leg up on your peers. Being chained to a location directly cuts into your earning potential. A house feels like a point you only reach when you've put a lid on your life and are satisfied with it's contents.

Surely any of those same issues can get you kicked out of a rented property.

Worst part of owning a home is the local HOA. 🤢🤮

i inherited

laughs in old money.

Family member just lowkey bought a house. Been renting up to this point. Whole process was surprisingly easy they said. Granted they have their credit in order and all of that. They're paying $300 less for the mortgage than they were in rent.

People catch shit at work and think "I need this job, I just bought a house" then sit there getting worn out for the next 15 years. Couldn't be me.

Home owners that I know are either some form of insane or are through with shooting significantly higher than their current situation.

By Daz Go To PostSurely any of those same issues can get you kicked out of a rented property.

A renter property's loss isn't anywhere close to the investment into a home and the land it's on. Any additional value gained or loss, etc

By Dipro Go To Posti inherited

laughs in old money.

I recall someone did a study suggesting that you'd end up ahead financially by renting and putting the savings into investments, as opposed to paying a mortgage, but I can imagine that was true because interest rates used to be so much higher. The London property market would be absolutely fucked if they had the 10%+ rates of the 80s.

Even though I'm on the ladder, in a way i still kind of want that to happen since apocalypse is the only way any of the major parties would even think to go against their nimby bases

Not having a car payment has been amazing. I can only imagine the freedom of not having to pay a mortgage or rent.

i'll tell you what's even better: collecting rent

By Smokey Go To PostNot having a car payment has been amazing. I can only imagine the freedom of not having to pay a mortgage or rent.

And then selling for more. Accept nothing less.

By sohois Go To PostI recall someone did a study suggesting that you'd end up ahead financially by renting and putting the savings into investments, as opposed to paying a mortgage, but I can imagine that was true because interest rates used to be so much higher. The London property market would be absolutely fucked if they had the 10%+ rates of the 80s.

Even though I'm on the ladder, in a way i still kind of want that to happen since apocalypse is the only way any of the major parties would even think to go against their nimby bases

lol my interest rate is like 1.35

But I understand Japan isn't the world.

In the states the move is just power pay if you can.

do you live in tokyo ace?

By blackace Go To Postlol my interest rate is like 1.35

But I understand Japan isn't the world.

In the states the move is just power pay if you can.

Ace really out here worldwide stunting

:wow

By blackace Go To Postlol my interest rate is like 1.35

But I understand Japan isn't the world.

In the states the move is just power pay if you can.

Rates in the UK are similar, as long as you have a big enough deposit. I've got a terrible rate, like 4.3, because of a 5% deposit and Halifax being the only bank that would lend, but once we can remortgage or move up we'll probably be able to halve that rate.

By blackace Go To Postlol my interest rate is like 1.35

But I understand Japan isn't the world.

In the states the move is just power pay if you can.

My current isn't that much higher at 1.75, but I do worry about post-brexit times.

By Dipro Go To Postdo you live in tokyo ace?

I do, actually. But on the fringe near Saitama so I could get a nicer house and pay way less taxes

By Smokey Go To PostNot having a car payment has been amazing. I can only imagine the freedom of not having to pay a mortgage or rent.

There’s still property taxes

I feel like I should post this again. Buying property in Alabama is not the same as buying property in California. The risk / ROI is just different.

Like my friend has moved twice. He’s currently following his daughter while she goes to college in Indy. He’s sold neither of his houses he owns in Cali. Rents them both with ease. He actually makes enough from renting his property that he doesn’t hardly even need an income in Indy.

Buying a house is announcing the end of your grind. Change my mind.

Rates here never drop below 3.5% and you only get fixed rates if you are insanely rich.

By DY_nasty Go To PostBuying a house is announcing the end of your grind. Change my mind.

this is where I die

By sohois Go To PostI recall someone did a study suggesting that you'd end up ahead financially by renting and putting the savings into investments, as opposed to paying a mortgage, but I can imagine that was true because interest rates used to be so much higher. The London property market would be absolutely fucked if they had the 10%+ rates of the 80s.

Even though I'm on the ladder, in a way i still kind of want that to happen since apocalypse is the only way any of the major parties would even think to go against their nimby bases

This is true but only if you put The equity portion of a mortgage payment monthly into an account on top of Your rent. even then this was more general rather than regional. Rent again in CA is more than a mortgage

By DY_nasty Go To PostBuying a house is announcing the end of your grind. Change my mind.

My friend may stay in Indy because it’s an easier Barr exam to pass. His house has not prevented him from doing shit.

Find a wife and buy a house

By DY_nasty Go To PostBuying a house is announcing the end of your grind. Change my mind.

shit if I moved I'd rent my home to air force officers and get paid

By Fenderputty Go To PostThere’s still property taxes

I feel like I should post this again. Buying property in Alabama is not the same as buying property in California. The risk / ROI is just different.

Like my friend has moved twice. He’s currently following his daughter while she goes to college in Indy. He’s sold neither of his houses he owns in Cali. Rents them both with ease. He actually makes enough from renting his property that he doesn’t hardly even need an income in Indy.

i know she mad smh

By DY_nasty Go To PostBuying a house is announcing the end of your grind. Change my mind.

Really depends where you’re buying tbh.

Yeah sticking to one place / property definitely isn't the way in the UK.

By Smokey Go To Post


i know she mad smh

Lol she got a full ride scholarship to perdue’s astrophysics program. She’s a Fucking genius lmao

By Perfect Blue Go To PostReally depends where you’re buying tbh.

Thank you!

By blackace Go To Postshit if I moved I'd rent my home to air force officers and get paid

but you wont

By Fenderputty Go To PostMy friend may stay in Indy because it’s an easier Barr exam to pass. His house has not prevented him from doing shit.

Find a wife and buy a house

your friend willing to live in indy for the come up? commendable as fuck

interest rate is below 1% here currently. wild.

used to be 5% in 2008.

it's like when you buy retail games so you could sell em later

you won't. it's with you forever

By Laboured Go To PostYeah sticking to one place / property definitely isn't the way in the UK.

All the buy to rent people pisses me off tbh

By DY_nasty Go To Postbut you wont
your friend willing to live in indy for the come up? commendable as fuck

That's bold. I'd move in a heartbeat if something fell right. Get a job that paid more plus rent the place out? please... 😂

By batong_doicare Go To PostAll the buy to rent people pisses me off tbh

Someone mentioned that being a landlord is the only real unskilled labour and boy-howdy do I agree.

By blackace Go To PostI do, actually. But on the fringe near Saitama so I could get a nicer house and pay way less taxes

cool. in another life i would love to live there as well.

By Laboured Go To PostSomeone mentioned that being a landlord is the only real unskilled labour and boy-howdy do I agree.

Surely it falls under a customer service type job

By FortuneFaded Go To PostSurely it falls under a customer service type job

like a hooker?

By Laboured Go To PostSomeone mentioned that being a landlord is the only real unskilled labour and boy-howdy do I agree.

"The Swiss become home owners at the average age of 48, compared to 29 for Americans and Canadians, and 27 for the British, Moneypark found. "

whew pretty wild, 29 for americans?

"just settle down" stuff feels like hurry up and wave the white flag. u good now. it literally doesn't get any better than this. time to share that feeling with someone else.

scust

By Dipro Go To Post"The Swiss become home owners at the average age of 48, compared to 29 for Americans and Canadians, and 27 for the British, Moneypark found. "

whew pretty wild, 29 for americans?

sounds about right. keeping those homes though? lol

By Yurtlicious Go To Postit's like when you buy retail games so you could sell em later

you won't. it's with you forever

True story:

My first house I owned I had no business owning. My wife and my combined for 60k a year. We bought FHA and had to rent a room cash to my friend. When you buy FHA you agree to not rent the property out but just live there. A monthly check from one person means rent. We did this because of the below with my brother in law

Anyway ... we knew the whole thing was risky. 2008 crash was mid swing and we wanted to reduce our monthly cost. So we asked my brother in law if he wanted to split the home. Said it would be an investment home we would fix and sell in 5 years and split profit. Other than job risk we knew we were buying low.

They were too scared. Too afraid of commitment. His wife never wanted an investment home and always envisioned owning one home forever and making it “theirs”. Total fantasy BS. In hindsight im so glad they got cold feet. I needed all the profit to put 20% down on my next house while leaving me enough to remodel. It’s been almost 10 years since then. They’ve only admitted to me once they fucked up. They only just have been able to save enough for a down payment

Property is an investment. View it as such.

most home owners on this page are married

they gave up

how much % down payment do you need to buy a home in the us?
here you need 20% absolute minimum and the average home price is 1.5 million usd.

makes sense people are 48 until they have 300k

By Dipro Go To Posthow much % down payment do you need to buy a home in the us?
here you need 20% absolute minimum and the average home price is 1.5 million usd.

i got a va home loan waiting so i'm actually playing with cheat codes tbh

if fender knew what it was he'd probably fight me

By DY_nasty Go To Posti got a va home loan waiting so i'm actually playing with cheat codes tbh

if fender knew what it was he'd probably fight me

no idea what any of this means.

By Dipro Go To Posthow much % down payment do you need to buy a home in the us?
here you need 20% absolute minimum and the average home price is 1.5 million usd.

makes sense people are 48 until they have 300k

Government will back your loan and you can buy FHA with 3.5% down. You have to pay a mortgage insurance though so it’s a more expensive loan. Coming with 20% lowers the rate and prevents mortgage insurance

By DY_nasty Go To Posti got a va home loan waiting so i'm actually playing with cheat codes tbh

if fender knew what it was he'd probably fight me

By buddy that moved to Indy bought his house he’s renting on a VA loan.

By Dipro Go To Posthow much % down payment do you need to buy a home in the us?
here you need 20% absolute minimum and the average home price is 1.5 million usd.

makes sense people are 48 until they have 300k

depends on the type of loan

fha it's 3.5% minimum

20% lets you escape pmi

By Dipro Go To Postno idea what any of this means.

He's a veteran.

You can get a home loan here with 5% down and no land duty if it is your first home.

3.5% down is wild. wtf.

By Fenderputty Go To PostGovernment will back your loan and you can buy FHA with 3.5% down. You have to pay a mortgage insurance though so it’s a more expensive loan. Coming with 20% lowers the rate and prevents mortgage insurance


By buddy that moved to Indy bought his house he’s renting on a VA loan.

its a cheat code. he knows the bigger home he's aiming for likely isn't covered by it

200iq