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Need independent electrician

Ja Rhule

By Ja Rhule,
in Huddle Lounge

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Ja Rhule Grand Master

Ja Rhule

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EPIC.

You know whats epic? I went by construction site this past week and they build me a closet instead of bathroom, where I supposed to have a closet, its a wall, my family room wall built backwards and I got a pipe coming out in a walk in closet. Now thats epic.

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Lumps Newbie

Lumps

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Rent - expense

House - investment

Not true at all. That is the myth. I rent, and rent cheap. Only thing I invest in is my bank account. I own a $16,000 car because of it and have close to triple figures in my account in my upper 20s. I have been doing this for almost a decade and I think it's due to renting.

Had I bought a house a decade ago instead, I would have easily lost more money (market, fees) than I have, as far the market today. I do understand markets fluctuate and had I invested smartly maybe somewhere else I could have made money. But I have cash, in my hands now.

I may live in a smaller place that I don't own, sure but I have never spent money fixing it either, or paying any fees or owing money on it. I have the money to get up and go anywhere wherever I want, and I can because I am not tied to a mortgage.

I don't plan on owning anything until I am older and want to settle. Each to his own, but renting has saved me a lot of $$$, and can if it is done right. Of corse eventually a house and place to setlle will be nice, but renting doesn't have be a big expense at all.

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mmmbeans Newbie

mmmbeans

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Learn difference between expense and investment. Can be helpful down the road.

i know the difference... Buying a house can reduce expenditures for some people, depending on lifestyle and location but in my experience, it's rarely an investment.

That doesn't mean you shouldn't buy one. Enjoy your house, hope things get better, sounds like a nightmare.

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Niner National Newbie

Niner National

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i know the difference... Buying a house can reduce expenditures for some people, depending on lifestyle and location but in my experience, it's rarely an investment.

That doesn't mean you shouldn't buy one. Enjoy your house, hope things get better, sounds like a nightmare.

I bought and my costs are less than they would be if I rented in a similar location.

I have a townhome, so I don't really have some of the expenses a homeowner has.

My mortgage is only $800/mo. Considering I have three bedrooms and can walk downtown, that's pretty solid in my opinion. Basically I got a place in the city, for the same cost as a place in the suburbs.

Should I move, I'll have no problems renting it for 3-400/month more than my mortgage unless trends reverse themselves suddenly and young people stop wanting to live near downtown. Right now though, vacancy rates in and around uptown are the lowest in the city.

Everything I looked at renting downtown was $900+ and that was for a studio or a 1 BR place.

The way I look at it is as long as my house doesn't decline in value quicker than the amount I owe on my mortgage, then even if I sell at a price lower than I bought, then it is kind of the same as renting.

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