Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="RedRocketMike" data-source="post: 16199330" data-attributes="member: 51242"><p>You're not crazy. Everyone thinking homes are great investments is some Matrix level bullshit. I make a living off investments (not property related). I could make a house a profitable investment and I still don't own one. What makes people think like they're good investments is because they are forced to pay a mortgage so they can't waste their money on the stupid shit they would otherwise. It's forced savings. That's not an investment. </p><p></p><p>Rent can be a waste of money too. So many people pay too much. For me, the rent I pay is equivalent to the money I would WASTE on school, property, local taxes, heating oil, homeowners insurance (and maybe mortgage insurance), trash, water, sewer. I'm not counting the random big expenses you get hit with occasionally owning a house. And man, buy and sell in a short period, all the assholes involved in the buy/sell process get a cut, the percentage points add up and eat that profit margin up IF the home market went the right direction for you.</p><p></p><p>There are many good reasons to buy a house but they should be more about your life and what you want. If you're going to raise a family or want to put down roots, buy a house. Or maybe you just want the security of owning your own home. But I wouldn't just buy it because everyone is telling you it's a good investment, especially right now, and definitely not if you plan on moving anytime soon.</p></blockquote><p></p>
[QUOTE="RedRocketMike, post: 16199330, member: 51242"] You're not crazy. Everyone thinking homes are great investments is some Matrix level bullshit. I make a living off investments (not property related). I could make a house a profitable investment and I still don't own one. What makes people think like they're good investments is because they are forced to pay a mortgage so they can't waste their money on the stupid shit they would otherwise. It's forced savings. That's not an investment. Rent can be a waste of money too. So many people pay too much. For me, the rent I pay is equivalent to the money I would WASTE on school, property, local taxes, heating oil, homeowners insurance (and maybe mortgage insurance), trash, water, sewer. I'm not counting the random big expenses you get hit with occasionally owning a house. And man, buy and sell in a short period, all the assholes involved in the buy/sell process get a cut, the percentage points add up and eat that profit margin up IF the home market went the right direction for you. There are many good reasons to buy a house but they should be more about your life and what you want. If you're going to raise a family or want to put down roots, buy a house. Or maybe you just want the security of owning your own home. But I wouldn't just buy it because everyone is telling you it's a good investment, especially right now, and definitely not if you plan on moving anytime soon. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
Top