Time for a change

Posted: January 10, 2006 in Uncategorized

While my options aren’t anywhere near in a position to make a down payment on a house, I’m feeling pretty cramped in my current place, not to mention my landlady just raised my rent again after promising me last time she’d never do it again, while she has yet to fix the back fence or refinish the floors. So, this week and weekend I think it’s time to do some hunting for a new rental house.

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Comments
  1. muffster says:

    i did some looking for myself last weekend. it is nice to be in a postion to want to move. not to have to move.
    i hope you find something realy cool 😀

  2. Anonymous says:

    i did some looking for myself last weekend. it is nice to be in a postion to want to move. not to have to move.

    i hope you find something realy cool 😀

  3. tokori says:

    don’t buy! its such a commitment and drain on financial resources

    • Reuben says:

      But at the same time it’s good financial equity… But ya, the commitment of having to be responsible for all repairs and things makes me cringe. I talked with some guy in the office that spent $500 on paint. PAINT! And he then spent 2 weeks every night doing all the painting himself.

      • tokori says:

        not that you asked, but heres my .02
        yeah. as is a car… 😉
        what do you mean by financial equity? Do you mean for accruing other loans or lines of credit?
        If youre thinking retirement, I personally recommend Roth IRA’s if you dont have one, get one asap.
        In my opinion a house is not an asset, but a liability. Although the real key is start focusing on capital gains rather than cash flow with investments.. and if you sell the house within two years of purchase (or at all for that matter) be sure to do a 1031 exchange and you’ll avoid capital gains taxes…
        I have friends with houses who have to buy new fridges on no notice because their’s just decide to ‘stop working’, then there are frozen pipes, mice, etc.. not appealing to me. I guess I just like knowing if something is going to die or break, I don’t have to deal with it (call it lack of responsiblity), I think its great!

      • Reuben says:

        Re: not that you asked, but heres my .02
        No, not loans or credit, just gaining financial equity off the money I’m putting into housing rather than simply siphoning it off. Especially in a college town, in-town real estate is pure money.
        But the time investment is the real downer.

      • muffster says:

        Re: not that you asked, but heres my .02
        renting is like leasing a car. it is a life style choice. there are people who never own. there is nothing wrong with that. but there are advantages to owning as well. especialy when you reach a certin tax bracket and are seeking write offs.
        most of the very wealthy people i have known own rental properties. they make a killing off of them. if you can pay a place off in 15 years you are looking at a very large profit on a rental. i know i send my land lord all over the world every year. he told me so.

      • tokori says:

        Re: not that you asked, but heres my .02
        owning multiple houses for investment and having the liquidity vs. owning a single house are very different things imo.
        like I said capital gains rather than cash flow with investments is the key imo.

  4. Anonymous says:

    don’t buy! its such a commitment and drain on financial resources

    • Anonymous says:

      But at the same time it’s good financial equity… But ya, the commitment of having to be responsible for all repairs and things makes me cringe. I talked with some guy in the office that spent $500 on paint. PAINT! And he then spent 2 weeks every night doing all the painting himself.

      • Anonymous says:

        not that you asked, but heres my .02

        yeah. as is a car… 😉

        what do you mean by financial equity? Do you mean for accruing other loans or lines of credit?

        If youre thinking retirement, I personally recommend Roth IRA’s if you dont have one, get one asap.

        In my opinion a house is not an asset, but a liability. Although the real key is start focusing on capital gains rather than cash flow with investments.. and if you sell the house within two years of purchase (or at all for that matter) be sure to do a 1031 exchange and you’ll avoid capital gains taxes…

        I have friends with houses who have to buy new fridges on no notice because their’s just decide to ‘stop working’, then there are frozen pipes, mice, etc.. not appealing to me. I guess I just like knowing if something is going to die or break, I don’t have to deal with it (call it lack of responsiblity), I think its great!

      • Anonymous says:

        Re: not that you asked, but heres my .02

        No, not loans or credit, just gaining financial equity off the money I’m putting into housing rather than simply siphoning it off. Especially in a college town, in-town real estate is pure money.

        But the time investment is the real downer.

      • Anonymous says:

        Re: not that you asked, but heres my .02

        renting is like leasing a car. it is a life style choice. there are people who never own. there is nothing wrong with that. but there are advantages to owning as well. especialy when you reach a certin tax bracket and are seeking write offs.

        most of the very wealthy people i have known own rental properties. they make a killing off of them. if you can pay a place off in 15 years you are looking at a very large profit on a rental. i know i send my land lord all over the world every year. he told me so.

      • Anonymous says:

        Re: not that you asked, but heres my .02

        owning multiple houses for investment and having the liquidity vs. owning a single house are very different things imo.

        like I said capital gains rather than cash flow with investments is the key imo.

  5. annaanna says:

    there’s tons of places by us .. we could be neighbors! 🙂
    you could get a chihuahua too …

  6. Anonymous says:

    there’s tons of places by us .. we could be neighbors! 🙂

    you could get a chihuahua too …

  7. I don’t think your as house broke as you think. Get while the instrest rates are cheap. Money to your morgage is still better then rent money to someone elses morgage..

  8. Anonymous says:

    I don’t think your as house broke as you think. Get while the instrest rates are cheap. Money to your morgage is still better then rent money to someone elses morgage..

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