Where do you live? Are you saying it is still a good time to buy?
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Guy makes $160,000 and barely making it month to month...
- Thread starter S2007S
- Start date
Where do you live? Are you saying it is still a good time to buy?
I don't consider cheating on my wife and kids fun aside the fact that only losers fuck whores. If that's your understanding of fun then we simply have different world views. By the way it is schmuck not smuck. But you would obviously not know as gutter boy.
No.2 had a whole lot of fun might of only lived to 45 area but hell of a life, no.1 boring smuck why have it if your not going it enjoy it.
Drop your moralistic religous based BS, lifes short enjoy it, make your own rules up or stop wasting oxygen simple as.
That is total nonsense. Longterm, renting comes to almost the exact cost than owning when you factor in property taxes, repairs and renovations, the giving up on the ability to stay flexible and move quickly when opportunities elsewhere arise. Not saying renting is better I am just saying many studies have shown that renting is not more costly than owning.
I decided to buy vs rent and when looking at my overall expense in owning vs someone renting my exact place, when it just comes to rent I'm saving 40-45% maybe even 50% as rents continue to rise of what someone would rent vs what my mortgage is at the moment....
So in reality I'm saving money owning at the moment vs renting. I don't know how this works out for everyone but it did for me....rents are absolutely ludacris right now along with housing prices ...this is a 1000% sellers market, don't fall for those brokers telling you it's a buyer's market when checking out the open houses in your area this spring...they are lying straight to your face!!!!
looks like the guy was not advised to check stuff like :
As I am expanding my mind, I am discovering low paid cleaners, low paid teachers
who have accumulated assets over millions $. So this writer's hypothesis is turning
out to be true in other countries than the US.
The guy should check an accountant who will check all his outgoings over one year, and
I am pretty sure, he is not putting all out here ( cocaine, hookers/boys, laziness, overconsumer, etc).
As I am expanding my mind, I am discovering low paid cleaners, low paid teachers
who have accumulated assets over millions $. So this writer's hypothesis is turning
out to be true in other countries than the US.
The guy should check an accountant who will check all his outgoings over one year, and
I am pretty sure, he is not putting all out here ( cocaine, hookers/boys, laziness, overconsumer, etc).
That is total nonsense. Longterm, renting comes to almost the exact cost than owning when you factor in property taxes, repairs and renovations, the giving up on the ability to stay flexible and move quickly when opportunities elsewhere arise. Not saying renting is better I am just saying many studies have shown that renting is not more costly than owning.
How many wealthy renters do you know?
I agree about flexibility, but owning RE is one of the best ways to accumulate wealth.
Longterm, the only thing a renter has to show for it are a bunch of canceled checks. The owner of RE has equity, and long term, no debt.
I don't consider cheating on my wife and kids fun aside the fact that only losers fuck whores. If that's your understanding of fun then we simply have different world views. By the way it is schmuck not smuck. But you would obviously not know as gutter boy.
Well don't cheat, if thats how you think you should live your life ( the boring morals way ) then do that, don't judge others.
That is total nonsense. Longterm, renting comes to almost the exact cost than owning when you factor in property taxes, repairs and renovations, the giving up on the ability to stay flexible and move quickly when opportunities elsewhere arise. Not saying renting is better I am just saying many studies have shown that renting is not more costly than owning.
I agree here, 7 years left of mortgage, sell up and rent somewhere much nicer, giving 3k to a solicitor to buy another house hell no, rent and move around a bit.
How many wealthy renters do you know?
Wealthy people lease/rent their toys because they'd rather keep their capital invested. Wealthy people understand the value of debt and aren't scare of it like middle-class people are.
As for their home, wealthy people buy because few rentals are available in their price range. The majority of rental homes are in the median price range or lower. Plus, buying allows more flexibility with customization. The decision to buy a house is a practical decision more than a financial one.
In the UK some one earning 100K a year takes home 5,400 a month. Not entitled to any state benefits.
Someone earning 10K a year but with 3 kids, earns 800 per month after tax plus another 1200 in state cash top ups, plus 800 state help towards rent.
Total take home 2800 per month.
The state ensures the renting family earning just 10K has more than half the after tax income of a family on 100K.
Neither will be very well off. Even the guy on 100K will struggle to save much if he has a wife, kids, a 400K mortgage and 2 decent cars.
Someone earning 10K a year but with 3 kids, earns 800 per month after tax plus another 1200 in state cash top ups, plus 800 state help towards rent.
Total take home 2800 per month.
The state ensures the renting family earning just 10K has more than half the after tax income of a family on 100K.
Neither will be very well off. Even the guy on 100K will struggle to save much if he has a wife, kids, a 400K mortgage and 2 decent cars.
My first reaction is to say that's whatever studies are showing this got to be wrong, at least on a global scale. There is a thriving rental industry and they obviously make money owning real estate and then renting it out. Intuitively, when choosing between a profitable global industry and a "study", I'd say the former is got to be right and the latter is full of shit.That is total nonsense. Longterm, renting comes to almost the exact cost than owning when you factor in property taxes, repairs and renovations, the giving up on the ability to stay flexible and move quickly when opportunities elsewhere arise. Not saying renting is better I am just saying many studies have shown that renting is not more costly than owning.
Unless you gonna tell me that all of rental industry vig comes from the economy of scale as opposed to the actual convenience yield on the real estate?
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