Languish.org

Inquiring minds want to know.

Rent. Very unusual over here though.

Rent, of course.

Own, with mortgage, but Christ Almighty do I wish I'd stuck with renting.

Quote from: ulmont on January 19, 2012, 04:28:02 PM
Own, with mortgage, but Christ Almighty do I wish I'd stuck with renting.

What rate you paying?

Own and paid off.

Quote from: Ed Anger on January 19, 2012, 04:32:12 PM
Own and paid off.

This

I rent.  Could've bought a house, probably, but given that I was unemployed for like seven months and the Korea Factor, I think it turned out the decision to rent was pretty wise. :)

Quote from: Admiral Yi on January 19, 2012, 04:30:55 PM

Quote from: ulmont on January 19, 2012, 04:28:02 PM
Own, with mortgage, but Christ Almighty do I wish I'd stuck with renting.

What rate you paying?

A rate which is irrelevant to me wishing I'd stuck with renting.

Quote from: ulmont on January 19, 2012, 04:28:02 PM
Own, with mortgage, but Christ Almighty do I wish I'd stuck with renting.

The flat I still live in is paid off but the new one is with mortgage. Voted with mortgage.

Quote from: Iormlund on January 19, 2012, 04:21:32 PM
Rent. Very unusual over here though.

Guess it's like Poland - most people aim at owning.

Rent. Can't afford to buy just yet. Maybe soon.

Own, with mortgage.  With all we've had to repair/replace in the house, sometimes I feel like I got PWNED myself :mellow:

I guess the silver lining is that property value has been pretty stable in our part of town, so I still haz equity.

Quote from: Martinus on January 19, 2012, 04:48:15 PM

Quote from: Iormlund on January 19, 2012, 04:21:32 PM
Rent. Very unusual over here though.

Guess it's like Poland - most people aim at owning.

Definitely. As you can imagine, it was one of the main reasons behind the bubble.

Own, with morgage.

Buying my first house was one of the smartest things I've ever done.

I live in a van down by the river.

Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

Quote from: Zanza on January 19, 2012, 05:10:26 PM
Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

The median monthly income in Poland is about 3000 zlotys. A square meter of a not-particularly-fancy flat in Warsaw center is around 8-10 thousand zlotys. I bought my new one for 13,000. Prices can go up to 35,000 in one of these top new apartment buildings.

Renting a small flat in city centre (30-40 square metros) is about 2,000 zloty per month plus water, electricity etc. if you are not looking for a particularly high standard.

Quote from: Martinus on January 19, 2012, 05:26:52 PM

Quote from: Zanza on January 19, 2012, 05:10:26 PM
Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

The median monthly income in Poland is about 3000 zlotys. A square meter of a not-particularly-fancy flat in Warsaw center is around 8-10 thousand zlotys. I bought my new one for 13,000.

Gee, your flat looked bigger than 1.3 square meters or so in the pics.  :)

Quote from: dps on January 19, 2012, 05:29:16 PM

Quote from: Martinus on January 19, 2012, 05:26:52 PM

Quote from: Zanza on January 19, 2012, 05:10:26 PM
Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

The median monthly income in Poland is about 3000 zlotys. A square meter of a not-particularly-fancy flat in Warsaw center is around 8-10 thousand zlotys. I bought my new one for 13,000.

Gee, your flat looked bigger than 1.3 square meters or so in the pics.  :)

13,000 per metre. :P

100 metres (plus a parking space in an underground garage and 16 square metres of balcony that came "free").

Varies widely. Price for these apartments before the bubble burst was over twice median household income per square meter. A couple hundred meters from here at least two or three times as much. Can't say how much they are worth now since nobody buys anything anymore.

You might find something for just median monthly household income if you don't mind living among Gypsies or loads of poor immigrants in places like the Barrio Oliver or Delicias. But I would.

Today, I rent
Tomorrow, I own with mortgage. Voted that.

Own, with mortgage, getting four and a quarter.

My house is a 1915 Craftsman.

I've mostly lived in hotels for the past 3 years, letting the taxpayer patriotically pay for it.

Should have had underwater/not underwater mortgage options.   :P

Quote from: fahdiz on January 19, 2012, 06:11:32 PM
Own, with mortgage, getting four and a quarter.

My house is a 1915 Craftsman.

Fixed?

Quote from: Grey Fox on January 19, 2012, 06:24:34 PM

Quote from: fahdiz on January 19, 2012, 06:11:32 PM
Own, with mortgage, getting four and a quarter.

My house is a 1915 Craftsman.

Fixed?

Yes sir. FHA.

The rates are so good right now people in my immediate area are getting/refinancing to as low as 3.75. It's a fucking bonanza.

I've seen ads on TV for refi at 2.89, but by no-name companies.

Rent.
This is probably the way of the future, with jobs for life dying out and city living coming in vogue it makes no sense to buy a house.

Quote from: Tyr on January 19, 2012, 06:50:01 PM
Rent.
This is probably the way of the future, with jobs for life dying out and city living coming in vogue it makes no sense to buy a house.

I think so, yes. There will always be a significant portion of the population that will not make that change, but I think it will continue to move that direction.

Quote from: Tyr on January 19, 2012, 06:50:01 PM
Rent.
This is probably the way of the future, with jobs for life dying out and city living coming in vogue it makes no sense to buy a house.

But I was told that owning a home was "The American Dream". :(

Rent.  It makes the most sense being a wandering vagabond.

I'd like to buy, and then rent the place out if I move...but I know too many other military folks getting financially screwed by that scenario.

Quote from: Phillip V on January 19, 2012, 06:56:46 PM

Quote from: Tyr on January 19, 2012, 06:50:01 PM
Rent.
This is probably the way of the future, with jobs for life dying out and city living coming in vogue it makes no sense to buy a house.

But I was told that owning a home was "The American Dream". :(

That's what the National Association of Realtors wanted you to think.  :P

Quote from: Tonitrus on January 19, 2012, 06:58:45 PM
Rent.  It makes the most sense being a wandering vagabond.

I'd like to buy, and then rent the place out if I move...but I know too many other military folks getting financially screwed by that scenario.

Bad tenants?

Quote from: Ed Anger on January 19, 2012, 04:32:12 PM
Own and paid off.

This will be me in about 2-3 years unless something changes with our employment situations.

Quote from: Phillip V on January 19, 2012, 07:02:07 PM

Quote from: Tonitrus on January 19, 2012, 06:58:45 PM
Rent.  It makes the most sense being a wandering vagabond.

I'd like to buy, and then rent the place out if I move...but I know too many other military folks getting financially screwed by that scenario.

Bad tenants?

Or no tenants.

Own, and the 30 year mortgage is halfway done this October.

Quote from: dps on January 19, 2012, 07:09:09 PM

Quote from: Phillip V on January 19, 2012, 07:02:07 PM

Quote from: Tonitrus on January 19, 2012, 06:58:45 PM
Rent.  It makes the most sense being a wandering vagabond.

I'd like to buy, and then rent the place out if I move...but I know too many other military folks getting financially screwed by that scenario.

Bad tenants?

Or no tenants.

Usually that.

Quote from: fahdiz on January 19, 2012, 06:29:49 PM

Quote from: Grey Fox on January 19, 2012, 06:24:34 PM

Quote from: fahdiz on January 19, 2012, 06:11:32 PM
Own, with mortgage, getting four and a quarter.

My house is a 1915 Craftsman.

Fixed?

Yes sir. FHA.

The rates are so good right now people in my immediate area are getting/refinancing to as low as 3.75. It's a fucking bonanza.

Nice. My rate is 3.39 but since I'm a Canuck, that's only for 5 years.

I own, with mortgage. Hope to have it paid off in a few years.

Own my house full and clear and have tenants in 12 rental properties.  :D

Incidentally if you're ever thinking about developing a second income stream renting a place out is something even middle class people can sort of work their way into over time...I had the good fortune of getting my house paid off at a young age and having a wife who makes more money than we can spend and I have the task of finding ways to put it to work, which put me in the position of being able to secure financing to pursue more capital intense property ventures...but I know people who are making in the high six figures to low seven figures per annum. off of truly run down shit hole houses they bought at bargain basement prices and brought marginally up to code and rented out to low income people. They slowly made more purchases with the income from the first and some of them have built up 50+ property businesses that way.

Good for you Otto, good going!

I rent. And given the house prices around where I live I'll be renting for a long time lol

Quote from: OttoVonBismarck on January 19, 2012, 07:41:47 PM
Own my house full and clear and have tenants in 12 rental properties.  :D

Incidentally if you're ever thinking about developing a second income stream renting a place out is something even middle class people can sort of work their way into over time...I had the good fortune of getting my house paid off at a young age and having a wife who makes more money than we can spend and I have the task of finding ways to put it to work, which put me in the position of being able to secure financing to pursue more capital intense property ventures...but I know people who are making in the high six figures to low seven figures per annum. off of truly run down shit hole houses they bought at bargain basement prices and brought marginally up to code and rented out to low income people. They slowly made more purchases with the income from the first and some of them have built up 50+ property businesses that way.

Everyone wants to do that these days though, there`s a bunch of TV shows about it. I don't think jumping on that train now is as easy as it was a decade or more ago.

Quote from: Tyr on January 19, 2012, 10:04:11 PMEveryone wants to do that these days though, there`s a bunch of TV shows about it. I don't think jumping on that train now is as easy as it was a decade or more ago.

It's never been easy, but it is one of the few ways I know that a middle class American can develop a sizable second income stream. The big problems with it are even buying seriously run down houses requires some capital outlay/financing (with its own potential disasters for personal finances), and it is extremely high in risk it's significantly riskier than playing the futures market or buying individual shares of companies (both of which are fairly high risk), and to have any chance at all to grow it successfully organically requires significant labor expenditure early on.

Quote from: OttoVonBismarck on January 19, 2012, 10:39:40 PM

Quote from: Tyr on January 19, 2012, 10:04:11 PMEveryone wants to do that these days though, there`s a bunch of TV shows about it. I don't think jumping on that train now is as easy as it was a decade or more ago.

It's never been easy, but it is one of the few ways I know that a middle class American can develop a sizable second income stream. The big problems with it are even buying seriously run down houses requires some capital outlay/financing (with its own potential disasters for personal finances), and it is extremely high in risk it's significantly riskier than playing the futures market or buying individual shares of companies (both of which are fairly high risk), and to have any chance at all to grow it successfully organically requires significant labor expenditure early on.

Do you use property management software for tracking, rent calculation, etc?

I own one outright and have a small mortgage on the other. We bought the second one shortly before the crash on a tracker mortgage, shortly afterwards the Bank of England reduced base rates to 0.5% so we only pay 1.39% interest on the outstanding loan  :cool:

Quote from: Peter Wiggin on January 19, 2012, 05:01:42 PM
I live in a van down by the river.

A loner!

Own, with mortgage.

Quote from: Zanza on January 19, 2012, 05:10:26 PM
Buying a square meter of appartment in the city I live roughly costs the national monthly median household income. That's like spending about 9% of the monthly median household income per square feet. How does that compare to other places?

Cheaper than Paris or London.  :)

Quote from: Barrister on January 19, 2012, 05:01:37 PM
Own, with morgage.

Buying my first house was one of the smartest things I've ever done.

Same on both. Buying slightly before the bubble began expanding means house close to double value,even now.

V

Own with mortgage. I got my first mortgage 24. The team I work with are 22-30 and they all rent, mostly in shared houses. Hell, they're all still paying off their student loans. I'm constantly glad I was young in the right era.

Quote from: Tyr on January 19, 2012, 10:04:11 PM

Quote from: OttoVonBismarck on January 19, 2012, 07:41:47 PM
Own my house full and clear and have tenants in 12 rental properties.  :D

Incidentally if you're ever thinking about developing a second income stream renting a place out is something even middle class people can sort of work their way into over time...I had the good fortune of getting my house paid off at a young age and having a wife who makes more money than we can spend and I have the task of finding ways to put it to work, which put me in the position of being able to secure financing to pursue more capital intense property ventures...but I know people who are making in the high six figures to low seven figures per annum. off of truly run down shit hole houses they bought at bargain basement prices and brought marginally up to code and rented out to low income people. They slowly made more purchases with the income from the first and some of them have built up 50+ property businesses that way.

Everyone wants to do that these days though, there`s a bunch of TV shows about it. I don't think jumping on that train now is as easy as it was a decade or more ago.

Depends on where;  I doubt Otto would have the same level of success in east Baltimore as he does in Frednecksburg.

HHS option while I'm working on school this semester, then looking to rent.

Quote from: CountDeMoney on January 20, 2012, 06:21:56 AMDepends on where;  I doubt Otto would have the same level of success in east Baltimore as he does in Frednecksburg.

Depends...what are the gun laws in Baltimore?  :lol:

Although I've never done it, you can actually make pretty solid money off of poor people if you rent to Section 8 people; you receive your rent payments from HUD, are insulated from the vagaries of poor person finances, and because HUD actually helps place people into homes you essentially have free marketing/tenant searching.

And Fredericksburg is hardly red neck these days, it's been converted into endless strip mall city each one filled with Starbucks and "ironically named" establishments like Carlos O'Kelly's Mexican restaurant (kid you not.) Even our Wegman's has put on airs lately...

In a few more years I'd like to move to Gordonsville to get away from the cluster fuck that this place has become.

Quote from: Phillip V on January 20, 2012, 01:24:22 AMDo you use property management software for tracking, rent calculation, etc?

No, I spent 4 hours one evening setting up an Access Database w/a few simple forms. I think most custom-software for this business is basically targeted to the computer illiterate.

I should actually probably mention that I've never actually turned a profit off of the property. We bought it with a 5 year loan so the monthly payments are actually extremely high, so we've lost money every year. We basically knew this would be the case before hand, and saw it as a good investment because (hopefully) once the loan is paid off it will turn a nice monthly income and the money we're paying in now is basically just investing in a big asset in more manageable monthly payments since we obviously didn't have the upfront capital to buy it outright.

The rent is basically nice because it helps pay for a portion of the investment but until the loan is paid off it's essentially mathematically/economically impossible to turn a profit at the property. I will say given our historical vacancy rate we'd be making a very nice annual yield vs. the value of the property if we weren't making the mortgage payment. (People tend to charge 0.8% to 1.2% of the property's value in monthly rent, with the rule of thumb in most places being 1% gives you a profit and covers the incidental expenses such as repairs, tenant abandonment and etc, while 0.8% you can make a profit as long as nothing bad happens...)

I used to work for a very old man (a good friend's step father) who was not very mobile, virtually deaf, had glasses as powerful as interstellar telescopes, and was a diagnosed aspergic who could not chew his own food. Oh, and he was a German Jew who had escaped in 1939 with nothing more than two guineas in his pocket, moved to London, and then served in British military intelligence during the war.

He was a professional land lord for about forty houses in south London and while I was studying my MA for some extra cash, I helped with his accounts . And his letters to tenants. And generally putting into order and electronic form a bizarre system of hand-written scribbles (one eviction notice was virtually drafted on some kitchen roll). From the letters I typed up for him, he seemed to be permanently at war with his tenants, most of whom were poor and DSS (people on housing benefit).

In one memorable incident, the phone rang during a meeting by his desk. The phone was terribly loud because he was deaf (and thanks to the volume of that ringer, I am now too in the right ear). His response can only be described that he slammed the phone up; he listened for a brief moment, before shouting - extremely loudly - FUCK OFF! and then slamming the phone back down.

My eyebrow had barely managed to raise before he very loudly pronounced, "FUCKING SENEGALESE".

This may not have much to do with renting or owning, but it's an anecdote I thought I would share none the less.

Renting to someone in a big city is honestly a different world. You have tons of immigrants legitimate and illegitimate, tons of regulations, extremely powerful tenant boards and tenant rights and things of that nature. I'm sure probably the richest land lords who rent residential properties operate in big cities like New York and London, but I also know that the environment in those big cities is probably conducive to driving you insane. NYC especially has almost excessive tenant rights and it's my understanding it can be very difficult to legally evict a tenant.

Luckily Virginia isn't like that, as long as you play 100% by the rules the longest possible time it could take to get someone out of a property is 50 days. That's in the worst case scenario where you have to have the sheriff formally serve the eviction papers on "removal day" and have the tenant's property remove from the premises. (Obviously the popo just watches this to make sure trouble doesn't break out, they don't help move furniture.)

Communities like Fredericksburg are totally different. You can get a decent townhouse for around $1500/mo in rent here, whereas very close to DC at all it gets crazy. In say, Fairfax you'll pay $1500/mo for a 1-Bedroom apartment on the 4th floor of a big complex. So a lot of the people moving to Fredericksburg are basically younger professionals who have graduated college and gotten a job working in DC or the metro area and are wanting to live in a decent residence without having to fork over 50% of their monthly take home pay in rent. The people I rent to are almost all government employees or in government related industries, mostly professionals like engineers and accountants, and mostly age 25-32 or so. These people aren't your average tenants in a hell hole like Baltimore or even a lot of the shittier cities in Virginia. Fredericksburg is also not a bad place to locate because it gives you a little flexibility. If you're willing to commute to DC already, then if you live in Fredericksburg it isn't unreasonable to also look at job opportunities in Richmond which isn't much farther than DC, as well as smaller cities in Virginia which also have jobs for certain people.

As far as I can tell, the best tenant demographic are foreign students. They are often willing to pay above-market rates as they don't know better, leave again by themselves after 6 to 12 months, and you can rent out places that are badly maintained and would need renovation for a proper local tenant.

Own w/mortgage since Nov 2004.  It made financial sense in the Augusta area - renting here is dumb when property is so cheap.

Quote from: OttoVonBismarck on January 21, 2012, 12:15:04 PM

Quote from: CountDeMoney on January 20, 2012, 06:21:56 AMDepends on where;  I doubt Otto would have the same level of success in east Baltimore as he does in Frednecksburg.

Depends...what are the gun laws in Baltimore?  :lol:

Although I've never done it, you can actually make pretty solid money off of poor people if you rent to Section 8 people; you receive your rent payments from HUD, are insulated from the vagaries of poor person finances, and because HUD actually helps place people into homes you essentially have free marketing/tenant searching.

Problem is, Maryland--and Baltimore in particular--make it ungodly difficult to evict shitty tenants, and it's a process that takes forever.

I've known bail bondsmen that tried their hand at rental properties with Section 8, and it's telling when they'd rather get back into bail bonds because the income is more reliable.   :lol:

I've been looking at condos in the Annapolis area (in case I get moved out there), and I'd much rather buy than rent...but Maryland seems like a dangerous area to be stuck with a property I couldn't rent out if I move again.

Quote from: Zanza on January 21, 2012, 01:03:20 PM
As far as I can tell, the best tenant demographic are foreign students. They are often willing to pay above-market rates as they don't know better, leave again by themselves after 6 to 12 months, and you can rent out places that are badly maintained and would need renovation for a proper local tenant.

If I was to rent properties I'd target students in somewhere like Bristol.  They pay above-market rates (student housing was about double the cost of normal housing in Bristol) and many students are being paid for by very rich parents which means it can be even higher.

As you say most students care less about maintenance too.  My housemates and I are the only people I know who always got our deposits back in full - by obsessive week-long cleaning - almost everyone else got money taken off.

Edit:  I rent though.  I know people who pay about as much as I do on a mortgage but the chance of me being able to get a mortgage this side of 30 are nil :(

Are you under 30 Sheilbh??? I can't believe any of the people who have been posting here since the beginning are under 35  :lol:

Quote from: OttoVonBismarck on January 21, 2012, 11:40:20 PM
Are you under 30 Sheilbh??? I can't believe any of the people who have been posting here since the beginning are under 35  :lol:

Really? We're only at what - the 9th year of this place?

Yeah, at least Sheilbh, g, and me are under 30.  (For now. -_- )  Actually, I think HMBob is too.  Ortiz is 30, but he's, well, he's young at heart.

I'm also under 30. :ph34r:

I'm still fairly sprightly.

Quote from: OttoVonBismarck on January 21, 2012, 11:40:20 PM
Are you under 30 Sheilbh??? I can't believe any of the people who have been posting here since the beginning are under 35  :lol:

Yeah, I think he started posting on Paradox when he was 17. In Sheilbh's case it's doubly surprising, as he has always sounded so mature.

Quote from: Martinus on January 22, 2012, 04:50:50 AM

Quote from: OttoVonBismarck on January 21, 2012, 11:40:20 PM
Are you under 30 Sheilbh??? I can't believe any of the people who have been posting here since the beginning are under 35  :lol:

Yeah, I think he started posting on Paradox when he was 17. In Sheilbh's case it's doubly surprising, as he has always sounded so mature.

I put that down to his aristocratic upbringing  :cool:

Quote from: Richard Hakluyt on January 22, 2012, 05:24:02 AM

Quote from: Martinus on January 22, 2012, 04:50:50 AM

Quote from: OttoVonBismarck on January 21, 2012, 11:40:20 PM
Are you under 30 Sheilbh??? I can't believe any of the people who have been posting here since the beginning are under 35  :lol:

Yeah, I think he started posting on Paradox when he was 17. In Sheilbh's case it's doubly surprising, as he has always sounded so mature.

I put that down to his aristocratic upbringing  :cool:

The castle does have an exceptional library :P

Quote from: Sheilbh on January 22, 2012, 05:32:49 AM

Quote from: Richard Hakluyt on January 22, 2012, 05:24:02 AM

Quote from: Martinus on January 22, 2012, 04:50:50 AM

Quote from: OttoVonBismarck on January 21, 2012, 11:40:20 PM
Are you under 30 Sheilbh??? I can't believe any of the people who have been posting here since the beginning are under 35  :lol:

Yeah, I think he started posting on Paradox when he was 17. In Sheilbh's case it's doubly surprising, as he has always sounded so mature.

I put that down to his aristocratic upbringing  :cool:

The castle does have an exceptional library :P

You live in a castle? :o

Quote from: Martinus on January 22, 2012, 04:50:50 AM

Quote from: OttoVonBismarck on January 21, 2012, 11:40:20 PM
Are you under 30 Sheilbh??? I can't believe any of the people who have been posting here since the beginning are under 35  :lol:

Yeah, I think he started posting on Paradox when he was 17. In Sheilbh's case it's doubly surprising, as he has always sounded so mature.

That's because he's British.

Quote from: Phillip V on January 22, 2012, 05:41:38 AM

Quote from: Sheilbh on January 22, 2012, 05:32:49 AM

Quote from: Richard Hakluyt on January 22, 2012, 05:24:02 AM

Quote from: Martinus on January 22, 2012, 04:50:50 AM

Quote from: OttoVonBismarck on January 21, 2012, 11:40:20 PM
Are you under 30 Sheilbh??? I can't believe any of the people who have been posting here since the beginning are under 35  :lol:

Yeah, I think he started posting on Paradox when he was 17. In Sheilbh's case it's doubly surprising, as he has always sounded so mature.

I put that down to his aristocratic upbringing  :cool:

The castle does have an exceptional library :P

You live in a castle? :o

That's because he's British.

Quote from: Ideologue on January 22, 2012, 12:20:53 AM
Yeah, at least Sheilbh, g, and me are under 30.  (For now. -_- )  Actually, I think HMBob is too.  Ortiz is 30, but he's, well, he's young at heart.

HVC & I are still a couple of years away from being 30.

Also still under 30 for a couple of years.

Fuck me I guess I'm in the upper age bracket here  :cry:

Quote from: Grey Fox on January 22, 2012, 09:57:19 AM

Quote from: Ideologue on January 22, 2012, 12:20:53 AM
Yeah, at least Sheilbh, g, and me are under 30.  (For now. -_- )  Actually, I think HMBob is too.  Ortiz is 30, but he's, well, he's young at heart.

HVC & I are still a couple of years away from being 30.

I became 30 last year. :(  I think I started posting on EUOT when I was 20.

At least you've accomplished a lot in your 30 years.

I'm 31. :)

I'm 12.  :sleep:

Quote from: OttoVonBismarck on January 22, 2012, 12:16:27 PM
Fuck me I guess I'm in the upper age bracket here  :cry:

Just keeping telling yourself what I tell myself;  it's not the years, it's the mileage.

Quote from: CountDeMoney on January 22, 2012, 01:09:07 PM

Quote from: OttoVonBismarck on January 22, 2012, 12:16:27 PM
Fuck me I guess I'm in the upper age bracket here  :cry:

Just keeping telling yourself what I tell myself;  it's not the years, it's the mileage.

How is that supposed to make one feel better?

Quote from: crazy canuck on January 23, 2012, 05:55:32 PM

Quote from: CountDeMoney on January 22, 2012, 01:09:07 PM

Quote from: OttoVonBismarck on January 22, 2012, 12:16:27 PM
Fuck me I guess I'm in the upper age bracket here  :cry:

Just keeping telling yourself what I tell myself;  it's not the years, it's the mileage.

How is that supposed to make one feel better?

Why would he want Otto to feel better?  :huh:

Really neat tool I found on the subject several days ago:

http://www.nytimes.com/interactive/business/buy-rent-calculator.html?_r=1&oref=slogin



It's pretty neat.

Own, with mortgage, slowly going down, only 20 years at most.

Can't see myself going back to a tiny appartment.  Condos/flat do nothing for me.  Total waste of money, but I guess it has its uses for citizens used to live in cramped space.

Quote from: viper37 on January 23, 2012, 07:24:47 PM
Condos/flat do nothing for me.  Total waste of money, but I guess it has its uses for citizens used to live in cramped space.

When I bought it, I bought it on the premise that I figured I'd be out of my condo in 5 years.  That was 15 years ago.  :(

I've always looked at the attractiveness of condos being measured in the lack of needing to do yard work/other maintenance (well yeah, condo fees, etc).

But I suppose that advantage is highly mitigated by allowing unpleasantness quotient of annoying neighbors to magnified intensely by their proximity vis a vis adjoining walls/ceilings.

Quote from: CountDeMoney on January 23, 2012, 07:33:28 PM

Quote from: viper37 on January 23, 2012, 07:24:47 PM
Condos/flat do nothing for me.  Total waste of money, but I guess it has its uses for citizens used to live in cramped space.

When I bought it, I bought it on the premise that I figured I'd be out of my condo in 5 years.  That was 15 years ago.  :(

sorry  :console:

Quote from: Alcibiades on January 23, 2012, 06:39:49 PM
Really neat tool I found on the subject several days ago:

http://www.nytimes.com/interactive/business/buy-rent-calculator.html?_r=1&oref=slogin



It's pretty neat.

What are closing costs?

Quote from: Grey Fox on January 22, 2012, 09:57:19 AM

Quote from: Ideologue on January 22, 2012, 12:20:53 AM
Yeah, at least Sheilbh, g, and me are under 30.  (For now. -_- )  Actually, I think HMBob is too.  Ortiz is 30, but he's, well, he's young at heart.

HVC & I are still a couple of years away from being 30.

Couple of years, eh?  Go to hell. :(

Well, my landlords' representatives think that a month-to-month tenancy requires sixty days notice.  Are they in for a shock.

Quote from: Ideologue on January 23, 2012, 09:39:39 PM

Quote from: Grey Fox on January 22, 2012, 09:57:19 AM

Quote from: Ideologue on January 22, 2012, 12:20:53 AM
Yeah, at least Sheilbh, g, and me are under 30.  (For now. -_- )  Actually, I think HMBob is too.  Ortiz is 30, but he's, well, he's young at heart.

HVC & I are still a couple of years away from being 30.

Couple of years, eh?  Go to hell. :(

We're both 27 IIRC. for awhile we were the youngest, but then we got some new whippersnappers.