it think it's smart as hell. you'll have that money to put down on a house anywhere you want when you want to

The Dude wrote:it think it's smart as hell. you'll have that money to put down on a house anywhere you want when you want to

Thanks man. Yeah it seemed like a good opportunity (with the market warming up) to get out and wait things out a while

what money. aren't CC apartments more expensive than houses?

he sold a house
has a job
pays rent with job
has whatever money he had from the sale of house
plus his house was in the city

im at an apt for real cheap with my friends while i pay down my debt and save some dollars. it's a pretty solid idea, and a better option than living with the parents at 28 years old.

jamiethekiller wrote:what money. aren't CC apartments more expensive than houses?

This one is, but I'm basically breaking even when you factor in utilities, gym, commute, etc. No tax refund at the end of the year, but no surprise repair bills either. The other factor is my house is old and the roof/water heater/siding could go any time

Grotewold wrote:

jamiethekiller wrote:what money. aren't CC apartments more expensive than houses?

This one is, but I'm basically breaking even when you factor in utilities, gym, commute, etc. No tax refund at the end of the year, but no surprise repair bills either. The other factor is my house is old and the roof/water heater/siding could go any time

hope you didnt advertise that way

wasn't completely up on grotewolds life. thought he was renting in a house to begin with.

pacino wrote:im at an apt for real cheap with my friends while i pay down my debt and save some dollars. it's a pretty solid idea, and a better option than living with the parents at 28 years old.

I wish I had done that for longer

Bought this house partly out of peer pressure and partly to chase the 8K tax credit, which was dumb, but glad to have learned how it all works and broken even

pacino wrote:

Grotewold wrote:

jamiethekiller wrote:what money. aren't CC apartments more expensive than houses?

This one is, but I'm basically breaking even when you factor in utilities, gym, commute, etc. No tax refund at the end of the year, but no surprise repair bills either. The other factor is my house is old and the roof/water heater/siding could go any time

hope you didnt advertise that way

haha -- luckily they hired a clown of an inspector

my parents built a house new about 16 years ago. about 3 years ago all of it went to crap, so they've had to buy all new appliances, get some patching done, etc

new homes are surprisingly cheaply built and also overvalued (especially for a fairly average school district that were already living in for much cheaper), so im so not going that way. refurb seems to be the way to go.

Grotewold wrote:

pacino wrote:im at an apt for real cheap with my friends while i pay down my debt and save some dollars. it's a pretty solid idea, and a better option than living with the parents at 28 years old.

I wish I had done that for longer

Bought this house partly out of peer pressure and partly to chase the 8K tax credit, which was dumb, but glad to have learned how it all works and broken even

my current path. plan on using my 401k as my downpayment. think i can be completely 100% debt free in less than a year in my current situation and by then i'm hoping to have 40k in my 401.

pacino wrote:my parents built a house new about 16 years ago. about 3 years ago all of it went to crap, so they've had to buy all new appliances, get some patching done, etc

new homes are surprisingly cheaply built and also overvalued, so im so not going that way. refurb seems to be the way to go.

really depends on the builder. make sure you look at the other places they've built, that's all. some refurbs will set you back for years and years and you won't know until it's too late

jamiethekiller wrote:

Grotewold wrote:

pacino wrote:im at an apt for real cheap with my friends while i pay down my debt and save some dollars. it's a pretty solid idea, and a better option than living with the parents at 28 years old.

I wish I had done that for longer

Bought this house partly out of peer pressure and partly to chase the 8K tax credit, which was dumb, but glad to have learned how it all works and broken even

my current path. plan on using my 401k as my downpayment. think i can be completely 100% debt free in less than a year in my current situation and by then i'm hoping to have 40k in my 401.

you really seem to have a sweet gig. trent steele 2.0

i'm not making 100k a year with gambling. no one is trent_steele

Good plans guys

The biggest thing I learned is you owe another 10% between buying and selling, and you pay a lot up front for new furniture and maintenance. So unless you're gonna be there a long time or you think the market is gonna explode again, don't bother.

The Dude wrote:

pacino wrote:my parents built a house new about 16 years ago. about 3 years ago all of it went to crap, so they've had to buy all new appliances, get some patching done, etc

new homes are surprisingly cheaply built and also overvalued, so im so not going that way. refurb seems to be the way to go.

really depends on the builder. make sure you look at the other places they've built, that's all. some refurbs will set you back for years and years and you won't know until it's too late

my girlfriend and i are going to go on a tour with of about 10 homes to check out neighborhoods. 3 of them are in my current hood, which i already know is pretty good and cheap. if it doesnt work out, i will re-up with my roomies for another year and wait (i figure this is what will happen because it will have to be a perfect situation). don't want to rush into life too soon. plus, none of them are over 125k (yay super-depressed reading!)

how long did it take you to sell, grote?

why don't you guys rent a place together first and make sure you don't want to kill each other after living together for a while

The Dude wrote:how long did it take you to sell, grote?

Four or five weeks, but really just two or three because activity totally dropped off the week before and after Labor Day. Tons of showings, which was a pain at first but we got used to it

This was good timing, I think -- wouldn't have happened this time last year, and who knows about this time next year