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Homes cost money

danarhea

danarhea

Slayer of the DP Newsbot
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Seller has just signed the contract, and the papers are being delivered to the title company today. I now enter the option period. I just discovered something. I am paying more up front for my new home than I paid out for the DWI I had back in 2009. LOL.
 
danarhea said:
Seller has just signed the contract, and the papers are being delivered to the title company today. I now enter the option period. I just discovered something. I am paying more up front for my new home than I paid out for the DWI I had back in 2009. LOL.
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I would assume it's better to pay more for an investment though, rather than a mistake. ;)
 
danarhea said:
Seller has just signed the contract, and the papers are being delivered to the title company today. I now enter the option period. I just discovered something. I am paying more up front for my new home than I paid out for the DWI I had back in 2009. LOL.
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I just pirate homes, that way I don't pay a dime.
 
Praxas said:
I would assume it's better to pay more for an investment though, rather than a mistake. ;)
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If the rates stay low, it is. If they go up, the larger the mortgage the better, assuming that one does a fixed rate.
 
You know, some experts nowadays are saying that residential property and DWIs are different things.

;)
 
buying a home is good if you have a family and want some space. if it is just you and no family you are better off renting.
 
ludin said:
buying a home is good if you have a family and want some space. if it is just you and no family you are better off renting.
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Just curious as to why you think a family changes the balance. The smallest homes you can get around me are in the 2000sqft range which may be more than some people need - even people with kids - need but there are always condos which can get down in the 500sqft range and there are homes in the 1000-1200sqft range available in some markets. It's seems to me that assuming like sizes and amenities family doesn't factor into it at all.
 
Gaius46 said:
Just curious as to why you think a family changes the balance. The smallest homes you can get around me are in the 2000sqft range which may be more than some people need - even people with kids - need but there are always condos which can get down in the 500sqft range and there are homes in the 1000-1200sqft range available in some markets. It's seems to me that assuming like sizes and amenities family doesn't factor into it at all.
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a place to play and I had kids in an apartment when I was first married. kids make a lot of noise at times and I had to tell the lady what do you want me to do they are kids.
they are going to make noise.

It is easier to have a yard for the kids to play in etc ...
 
ludin said:
a place to play and I had kids in an apartment when I was first married. kids make a lot of noise at times and I had to tell the lady what do you want me to do they are kids.
they are going to make noise.

It is easier to have a yard for the kids to play in etc ...
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You do realize you can rent single family homes just like apartments, right?
 
Gaius46 said:
Just curious as to why you think a family changes the balance. The smallest homes you can get around me are in the 2000sqft range which may be more than some people need - even people with kids - need but there are always condos which can get down in the 500sqft range and there are homes in the 1000-1200sqft range available in some markets. It's seems to me that assuming like sizes and amenities family doesn't factor into it at all.
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Most houses come equipped with a yard which is nice for pets, kids and cooking out. It's generally easier to keep tabs on the aforementioned when it's all outside your back door instead of in the common area of an apartment complex.
 
foadi said:
You do realize you can rent single family homes just like apartments, right?
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yep you can. at that point though there is no reason to not own your home.

there are benefits to home ownership instead of renting you just have to be smart in what you are doing.
 
ludin said:
a place to play and I had kids in an apartment when I was first married. kids make a lot of noise at times and I had to tell the lady what do you want me to do they are kids.
they are going to make noise.

It is easier to have a yard for the kids to play in etc ...
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Lutherf said:
Most houses come equipped with a yard which is nice for pets, kids and cooking out. It's generally easier to keep tabs on the aforementioned when it's all outside your back door instead of in the common area of an apartment complex.
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Sorry I was less than clear. I was really asking from the other perspective. What I meant was why would not having a family be the deciding factor for a single or married-without-children to go the apartment route, again assuming you can buy a house whose size meets your needs?

I've lived in both and there are a lot of things that make home ownership attractive to people without kids. Privacy is one. The yard is another - kids ain't the only ones who want to play outdoors. My kids are both pretty much out of the house and it's really just my wife and I. I have no intention of selling my home, which truth be told was spacious for 4, and downsizing. I like the space and I like the privacy.
 
ludin said:
yep you can. at that point though there is no reason to not own your home.

there are benefits to home ownership instead of renting you just have to be smart in what you are doing.
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I'd say for the vast majority of working families, renting makes more sense.
 
Gaius46 said:
Sorry I was less than clear. I was really asking from the other perspective. What I meant was why would not having a family be the deciding factor for a single or married-without-children to go the apartment route, again assuming you can buy a house whose size meets your needs?

I've lived in both and there are a lot of things that make home ownership attractive to people without kids. Privacy is one. The yard is another - kids ain't the only ones who want to play outdoors. My kids are both pretty much out of the house and it's really just my wife and I. I have no intention of selling my home, which truth be told was spacious for 4, and downsizing. I like the space and I like the privacy.
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That is you other people are different.

once the kids are gone I will look to move into a more managed place. upkeep on a home can be a killer.
it sucks a lot of money when something breaks and you have to get it repaired.
 
danarhea said:
Seller has just signed the contract, and the papers are being delivered to the title company today. I now enter the option period. I just discovered something. I am paying more up front for my new home than I paid out for the DWI I had back in 2009. LOL.
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Congrats, you are moving up in the world....it is lever too late to get it right MAN.




NOTE TO MODS: I mean this all in good fun. Unless I misjudge the guy Danarea will get a chuckle out of this, and moving is stressful, he could use it. Thanks.
 
Gaius46 said:
Sorry I was less than clear. I was really asking from the other perspective. What I meant was why would not having a family be the deciding factor for a single or married-without-children to go the apartment route, again assuming you can buy a house whose size meets your needs?

I've lived in both and there are a lot of things that make home ownership attractive to people without kids. Privacy is one. The yard is another - kids ain't the only ones who want to play outdoors. My kids are both pretty much out of the house and it's really just my wife and I. I have no intention of selling my home, which truth be told was spacious for 4, and downsizing. I like the space and I like the privacy.
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Owning sets you up for tons of maintenance work. Which is fine if you enjoy that kind of thing, but otherwise not so much.
 
DifferentDrummr said:
Owning sets you up for tons of maintenance work. Which is fine if you enjoy that kind of thing, but otherwise not so much.
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You pay one way or the other. Either in increased rents, directly to contractors, or in sweat.
 
Gaius46 said:
You pay one way or the other. Either in increased rents, directly to contractors, or in sweat.
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Actually rents are rising a lot faster than home ownership costs, because the new slumlords have a large number of people by the throats, those who for whatever reason cant get a loan.
 
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