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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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<blockquote data-quote="roadracer247" data-source="post: 16198943" data-attributes="member: 21803"><p>*<em>Well i hope you’re not sensitive because this post might sting a bit</em>*</p><p></p><p></p><p>Cool, don’t buy a house then. That’s fine that you don’t wanna buy right now. I wouldn’t speak to another mans finances. How much you’re willing to spend or have as overhead is completely up to you. </p><p></p><p>So I’ve got a idea. I’ll buy another house and I’ll rent it to you. As long as you have solid credit and make enough for ME to decide you’re a safe bet. Sound good? I’ve been wanting to invest more in real estate. </p><p></p><p>Food for thought...</p><p></p><p>Of all the guys in the Fire Service (I mention my job only because we have a wealth of life experience in my profession, because A LOT of people seem to leave other careers to come try their hand at being a Firefighter) I’ve gotten to know a lot of good people over the last 15 years in the business and I’d safely say that the ones “with money” reached their wealth through real estate. And no, I don’t mean the ones who are paying rent. I’m referring to the guys who bought a home and continued investing over a lifetime in real estate.</p><p></p><p> Was it simple and as straight forward as my post? Of course not! It’s hard. Full of ups and downs. But in the end, most of the smart ones (hard workers who don’t give up easily) have come out way ahead and they’ve made a great life for themselves and their family.</p><p></p><p>This whole topic reminds me of a conversation I’ve had with my mortgage lender. The average home buyer doesn’t stay in their first house forever. Not even their second house. Crazy huh. That people can buy so many homes. I know it was a revelation for me when I first learned that. </p><p></p><p>Now let’s go hypothetical for a sec. If you can’t afford a certain area, then I guess that leaves a few choices? Move? Is it a sacrifice? Sure. But it depends on an individuals priorities. So the other option is to make more money so you can afford the area you’re in. That might mean changing careers or taking on a 2nd/3rd job. Sounds hard. Not willing to do that either? Then continue renting. I will say, all of the landlords out there (present/future) really appreciate you paying for their assets. Myself included.</p><p></p><p></p><p>Good luck in your decision.</p></blockquote><p></p>
[QUOTE="roadracer247, post: 16198943, member: 21803"] *[i]Well i hope you’re not sensitive because this post might sting a bit[/i]* Cool, don’t buy a house then. That’s fine that you don’t wanna buy right now. I wouldn’t speak to another mans finances. How much you’re willing to spend or have as overhead is completely up to you. So I’ve got a idea. I’ll buy another house and I’ll rent it to you. As long as you have solid credit and make enough for ME to decide you’re a safe bet. Sound good? I’ve been wanting to invest more in real estate. Food for thought... Of all the guys in the Fire Service (I mention my job only because we have a wealth of life experience in my profession, because A LOT of people seem to leave other careers to come try their hand at being a Firefighter) I’ve gotten to know a lot of good people over the last 15 years in the business and I’d safely say that the ones “with money” reached their wealth through real estate. And no, I don’t mean the ones who are paying rent. I’m referring to the guys who bought a home and continued investing over a lifetime in real estate. Was it simple and as straight forward as my post? Of course not! It’s hard. Full of ups and downs. But in the end, most of the smart ones (hard workers who don’t give up easily) have come out way ahead and they’ve made a great life for themselves and their family. This whole topic reminds me of a conversation I’ve had with my mortgage lender. The average home buyer doesn’t stay in their first house forever. Not even their second house. Crazy huh. That people can buy so many homes. I know it was a revelation for me when I first learned that. Now let’s go hypothetical for a sec. If you can’t afford a certain area, then I guess that leaves a few choices? Move? Is it a sacrifice? Sure. But it depends on an individuals priorities. So the other option is to make more money so you can afford the area you’re in. That might mean changing careers or taking on a 2nd/3rd job. Sounds hard. Not willing to do that either? Then continue renting. I will say, all of the landlords out there (present/future) really appreciate you paying for their assets. Myself included. Good luck in your decision. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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