This thread title is RANDOM not "rent'em"

omg lullz

for the most part, i don't think its quite feasible to own a home by yourself. if you have a LP/SO/Wife/Husband/Roomate then it can become much more managable. but for any decent dwelling in a non-crappy area you're looking at 220k+

I just got that the pump you up thread was the new workout/fitness thread

/fat and lazy

jamiethekiller wrote:for the most part, i don't think its quite feasible to own a home by yourself. if you have a LP/SO/Wife/Husband/Roomate then it can become much more managable. but for any decent dwelling in a non-crappy area you're looking at 220k+

Agreed, unless you have a ton of money in down payment, or your salary is approaching 100K. The one income family is mostly gone

look for houses where you can rent out your basement or a floor. my mortgage is $1800 on a four bedroom house but I rent out the first floor and have a roomie so I get $1700. plus they pay peco, aqua and tv. i'm paying 1k over my mortgage every month and still saving for my next house.

1 wrote:
my wife has been home on sabbatical all year with our baby. she doesn't want to send him to day care, so i am taking the bullet. she's looking for another (stay at home) job, but if she doesn't go back to her current one, we have to pay back everything she earned this year (half her salary +benefits).

You're not going to regret this decision. Neither will your kid. Being a stay at home dad is well worth it.

got my first jury summons! im pumped!

Fact.

On touching italian soil, your libido will explode.

God help wizlette.

Bonus Fact.

Pisa is a endearingly walkable city.

Woody wrote:

jamiethekiller wrote:for the most part, i don't think its quite feasible to own a home by yourself. if you have a LP/SO/Wife/Husband/Roomate then it can become much more managable. but for any decent dwelling in a non-crappy area you're looking at 220k+

Agreed, unless you have a ton of money in down payment, or your salary is approaching 100K. The one income family is mostly gone

And God forbid you have student loans to pay back.

z ipper wrote:look for houses where you can rent out your basement or a floor. my mortgage is $1800 on a four bedroom house but I rent out the first floor and have a roomie so I get $1700. plus they pay peco, aqua and tv. i'm paying 1k over my mortgage every month and still saving for my next house.

that's fucking awesome. kicking myself for not getting a loan and doing that during and after college.

Woody wrote:

jamiethekiller wrote:for the most part, i don't think its quite feasible to own a home by yourself. if you have a LP/SO/Wife/Husband/Roomate then it can become much more managable. but for any decent dwelling in a non-crappy area you're looking at 220k+

Agreed, unless you have a ton of money in down payment, or your salary is approaching 100K. The one income family is mostly gone

Or you could live in the middle of nowhere Arkansas.

CalvinBall wrote:got my first jury summons! im pumped!

you won't be there for 4 minutes after they find out you're a constable

Bucky wrote:

CalvinBall wrote:got my first jury summons! im pumped!

you won't be there for 4 minutes after they find out you're a constable

Hm. I haven't even done it. Maybe I should resign because I don't want to actually do it anymore.

z ipper wrote:look for houses where you can rent out your basement or a floor. my mortgage is $1800 on a four bedroom house but I rent out the first floor and have a roomie so I get $1700. plus they pay peco, aqua and tv. i'm paying 1k over my mortgage every month and still saving for my next house.

this guy gets it

z ipper wrote:look for houses where you can rent out your basement or a floor. my mortgage is $1800 on a four bedroom house but I rent out the first floor and have a roomie so I get $1700. plus they pay peco, aqua and tv. i'm paying 1k over my mortgage every month and still saving for my next house.

is the first floor a houseshare type thing or is it secured off like an apartment?

the front entrance goes directly to the first floor. i'm never in their living area. it's my house and i've only been on that floor a handful of times before I rented it out. couldn't even tell ya what it looks like now.

Woody wrote:

jamiethekiller wrote:for the most part, i don't think its quite feasible to own a home by yourself. if you have a LP/SO/Wife/Husband/Roomate then it can become much more managable. but for any decent dwelling in a non-crappy area you're looking at 220k+

Agreed, unless you have a ton of money in down payment, or your salary is approaching 100K. The one income family is mostly gone

I have both and I still can't imagine how I could support a wife and kid(s) on my income alone.

Between the mortgage, student loans, common charges, car parking and insurance, cell phone, cable and internet, power and gas, subway card, that's like 4K+ per month in fixed costs for me. Getting rid of the car would not save me more than a couple hundred a month. Even 100K doesn't leave that much left over and that's for a 1 bedroom condo that a we couldn't live in with a kid. Plus that doesn't include stuff like food and entertainment.

Now on the rent vs buy, my 1 bedroom condo rents for roughly the same price as my mortgage plus common charge minus the tax benefit of ownership.

So it would come down to appreciation of the condo (roughly -10% in 2 years) vs appreciation of the down payment in investments (S&P is up about 40% since I bought the condo). So I could have a 40K profit on my down payment or a 40K loss.

I mean, it all depends on what market you're in, but the buy vs rent debate (for pure profit motives) is not as cut and dried toward buy as it was 5 years ago.

Woody wrote:

z ipper wrote:look for houses where you can rent out your basement or a floor. my mortgage is $1800 on a four bedroom house but I rent out the first floor and have a roomie so I get $1700. plus they pay peco, aqua and tv. i'm paying 1k over my mortgage every month and still saving for my next house.

this guy gets it

Charlie Sheen would suggest z ipper is winning at life