Wednesday New Year's Eve Eve Thread

DJ said:
Holy fuckballs.

What kind of neighborhood? That would have been minimum, 600-700k in CA.
Click to expand...
I live in a nice neighborhood, sandwiched between a major highway and a lake.

The house is one of lower priced ones in the neighborhood, especially for move in ready house.
 
basement bias said:
So far housing is still affordable in my area. Just waiting for that to change, but hopefully it doesn't. This is also an area that purposely tries to lag behind with the times. It isn't a big destination area either, so that is also another factor.
Click to expand...
i thought they had to pay people to buy houses in southern ohio
 
RobBase said:
You’re not less of a man not shoehorning yourself into debt. Trust me. You’d shit if you knew how many couples Ive helped buy new homes with little money down - years later I’m helping them out of debt or worse after a divorce.
Click to expand...

I try to keep telling myself that but it gets harder and harder each day to believe it.. Doesn't help that I constantly am reminded about people's homes or marriages that just occurred or trips they've been on... Social media has screwed with my head...

I love how I have NO debt, that is fantastic but we have been programed to think you aren't anything unless you own a home because that equals success and I know that's BS but it's hard to not think it
 
redseat said:
Give it some time, most likely will skyrocket
Click to expand...
Maybe, the big thing around here is farm ground skyrocketing. Owners trying to get the most for rental to farm, and no one wants to sell their farm ground for anyone wanting to build. If someone dies, then it becomes a war between farmers, Amish looking to build, and others wanting to get ground to build/start farming/own to rent out.
 
basement bias said:
Maybe, the big thing around here is farm ground skyrocketing. Owners trying to get the most for rental to farm, and no one wants to sell their farm ground for anyone wanting to build. If someone dies, then it becomes a war between farmers, Amish looking to build, and others wanting to get ground to build/start farming/own to rent out.
Click to expand...

Yeah property like that is hard to come bye and is more valuable than gold! I see why people don't want to sell.
 
redseat said:
I try to keep telling myself that but it gets harder and harder each day to believe it.. Doesn't help that I constantly am reminded about people's homes or marriages that just occurred or trips they've been on... Social media has screwed with my head...

I love how I have NO debt, that is fantastic but we have been programed to think you aren't anything unless you own a home because that equals success and I know that's BS but it's hard to not think it
Click to expand...

Respect. Stay debt-free. Your time will come.
 
Kburjr said:
Respect. Stay debt-free. Your time will come.
Click to expand...

Thank you! Wish I could believe that. I will continue to tell myself that but I just don't know anymore
 
redseat said:
I try to keep telling myself that but it gets harder and harder each day to believe it.. Doesn't help that I constantly am reminded about people's homes or marriages that just occurred or trips they've been on... Social media has screwed with my head...

I love how I have NO debt, that is fantastic but we have been programed to think you aren't anything unless you own a home because that equals success and I know that's BS but it's hard to not think it
Click to expand...
there is no one answer for each person.

For some people renting makes more sense, others home owning. It all depends on where you are in life.

It also depends on situation you need to sell, if you bought a house 2003-2006 and found yourself needing to sell 2007-2012 you were probably fucked due to mortgage crisis.

If you bought 2008-2012 and had to sell 2013-present, you probably did just fine
 
redseat said:
I try to keep telling myself that but it gets harder and harder each day to believe it.. Doesn't help that I constantly am reminded about people's homes or marriages that just occurred or trips they've been on... Social media has screwed with my head...

I love how I have NO debt, that is fantastic but we have been programed to think you aren't anything unless you own a home because that equals success and I know that's BS but it's hard to not think it
Click to expand...
Remember, the grass may look greener on the other side, but it truly isn't. If you still have a job, you are winning. I'm hoping I get on with the new company or find something soon to have stability. I too worry about things, but they usually work out in the end. That is all I do, hope they work out in the end. As long as my family is healthy, then that really is all that matters.
 
redseat said:
Thank you! Wish I could believe that. I will continue to tell myself that but I just don't know anymore
Click to expand...
outside of mortgages and a car loan, we are debt free.

Going into debt for house is fine, it's a balance. I woudln't go into debt to go on vacation, buy new furniture, etc
 
PnkPanther said:
there is no one answer for each person.

For some people renting makes more sense, others home owning. It all depends on where you are in life.

It also depends on situation you need to sell, if you bought a house 2003-2006 and found yourself needing to sell 2007-2012 you were probably fucked due to mortgage crisis.

If you bought 2008-2012 and had to sell 2013-present, you probably did just fine
Click to expand...

Exactly. Thoreau said that property enslaves the man. Buying a house is the heaviest anchor people choose to restrict themselves.

I bought my first house at 40, sold it 2 years later and rented for another 8 years until I decided that I have found my life place. Bought the place at 50 and I won't be moving again.
 
i bought a condo in 2005, biggest mistake I ever made

I don't think values in complex I bought are back to what I paid for it in 2005. My mortgage was same as rent for 1bedroom with 1 car garage stall, so i figured i was better off

I figured wrong. Values plummeted so much I ended up letting bank have it.
 
PnkPanther said:
outside of mortgages and a car loan, we are debt free.

Going into debt for house is fine, it's a balance. I woudln't go into debt to go on vacation, buy new furniture, etc
Click to expand...

Yeah. I do have car payments still... But that I can easily manage
 
redseat said:
Yeah. I do have car payments still... But that I can easily manage
Click to expand...
car interest rates are so low right now, it's not really a huge deal

when I was in banking 5% was a good rate, now 5% means you have bad credit
 
basement bias said:
Remember, the grass may look greener on the other side, but it truly isn't. If you still have a job, you are winning. I'm hoping I get on with the new company or find something soon to have stability. I too worry about things, but they usually work out in the end. That is all I do, hope they work out in the end. As long as my family is healthy, then that really is all that matters.
Click to expand...

That is very very true! I still have my health, family (albeit far away) and a job so I got that going for me...

best of luck! What are you looking to do?
 
redseat said:
Yeah. I do have car payments still... But that I can easily manage
Click to expand...

First advice I gave my kids on personal finance was to get to a point where there is no car payment. Pay cash. I understand the need for transportation, but borrowing money for something that depreciates in value is a losing proposition.
 
Morning. Last work day until next Tuesday. Finishing up a few little odds and ends.

Wife has had sinus swelling for over a week. Thought it might have been a tooth abscess at first, but the dentist didn't find anything. Hoping she can see an ENT doctor today to figure out how to kick this.

Also, Little Guy is starting to get to "fun baby" stage. He's able to sit up and reach a few things. I was rolling a ball to him last night. Now, if we can just get him to get used to going to sleep before 2AM, that will be awesome.
 
PnkPanther said:
i bought a condo in 2005, biggest mistake I ever made

I don't think values in complex I bought are back to what I paid for it in 2005. My mortgage was same as rent for 1bedroom with 1 car garage stall, so i figured i was better off

I figured wrong. Values plummeted so much I ended up letting bank have it.
Click to expand...

Yeah people keep telling me to buy a condo.. I'm like, "no, they won't be sold for nearly what you paid for it and not many people want them." I get that "notion" that it is better to start off with a condo when it's your first time buying something but in the long run it truly isn't worth it.

Bright side of renting - I don't do any maintenance, if something breaks I call landlord and he pays to fix it at his expense (unless I did something completely wrong), there are no HOAs, No time wasted shoveling out driveway (only brushing off car).. Don't have to pay HUGE water/tax bills and I live in a 11 complex building where I know everything (ask me there names and I won't be able to do it because I am shitty with names but I will know they live in my building!)
 
  • Like
Reactions: Me
You must log in or register to reply here.
Back
Top