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Does it make sense to buy a starter home?

Got a lot of friends doing this, buying themselves a starter...
purple haunted graveyard
  08/02/13
Renting is stupid
Citrine address dragon
  08/02/13
But explain to me like I'm five. Do you really save money b...
purple haunted graveyard
  08/02/13
Mortgage builds credit. Mortgage payments are less than rent...
Citrine address dragon
  08/02/13
House could appreciate in value. If you're smart with the pu...
Yellow insane candlestick maker
  08/02/13
TBF your first few years of mortgage is almost entirely inte...
curious home really tough guy
  08/02/13
So if buying a house, how long would you recommend you need ...
purple haunted graveyard
  08/02/13
Rule of thumb is 5 years.
Yellow insane candlestick maker
  08/02/13
Really depends on the local rental market, though. I rememb...
At-the-ready goyim sanctuary
  08/02/13
http://en.wikipedia.org/wiki/Rule_of_thumb
Yellow insane candlestick maker
  08/02/13
Yeah, ok, but it's a shitty rule of thumb if it's off by 100...
At-the-ready goyim sanctuary
  08/02/13
http://www.nytimes.com/interactive/business/buy-rent-calcula...
curious home really tough guy
  08/02/13
...
hideous spot gunner
  08/02/13
These are tough because it isn't apples to apples. Eg I cou...
Indecent School Rigor
  08/02/13
Yeah, but those things are relatively minor considerations. ...
curious home really tough guy
  08/02/13
Only buy a starter home if you're still several years away f...
Indecent School Rigor
  08/02/13
Your problem is thinking you buy a starter home for 2 years....
curious home really tough guy
  08/02/13
It will depend on your particular market and how much you va...
At-the-ready goyim sanctuary
  08/02/13
"Renting is stupid" (guy who lives and dies by ...
spectacular old irish cottage
  08/02/13
...
Milky forum
  06/09/25
IMO for nearly everyone, there are only 2 credited first hom...
Crawly rehab affirmative action
  08/02/13
The NYT has a calculator that shows whether you should buy o...
curious home really tough guy
  08/02/13
I don't understand this calculator. Based on where I live, ...
purple haunted graveyard
  08/02/13
Sounds like you in a housing bubbalicious area where propert...
Contagious mewling mediation
  08/02/13
...
curious home really tough guy
  08/02/13
Where you at? Houston or Dallas? Houston Heights? How muc...
Shimmering abode hissy fit
  08/02/13
Down payment of 20% means no PMI. Not going to say which cit...
curious home really tough guy
  08/02/13
"appraised value is always less than what you'll sell i...
Stirring Chestnut Travel Guidebook
  08/02/13
tcq
Orchid aphrodisiac pervert mood
  08/02/13
you will get blasted in the ass with condo fees
rose electric hominid
  08/02/13
tcr. And condo association drama can get brutal. If you're...
Orchid aphrodisiac pervert mood
  08/02/13
no. you will lose money on it. get a normal home and expect ...
Bespoke kitty
  08/02/13
So basically, if I can't afford a real home yet, better to j...
purple haunted graveyard
  08/02/13
Depends on your analysis. Don't forget, there is value ...
Unholy sweet tailpipe
  08/02/13
yes. you wait : 1. until you have money for deposit+$10,000...
Bespoke kitty
  08/02/13
nope
Milky forum
  06/09/25
as a general rule I think this is a bad idea, the wife will ...
startled mother skinny woman
  08/02/13
That's my thinking as well. Just as an example, I've got ma...
purple haunted graveyard
  08/02/13
at 2 yrs there is no way he's saving any money, closing cost...
startled mother skinny woman
  08/02/13
closing costs (atty fees, RE broker/agent fees, escrow fees,...
curious home really tough guy
  08/02/13
ITE, starter homes are the new family homes
hairraiser weed whacker knife
  08/02/13
if you have 2 kids, they can share one bedroom until they're...
curious home really tough guy
  08/02/13
ah, 8 yrs of your wife never shutting the fuck up about how ...
startled mother skinny woman
  08/02/13
*cues prodigy smack my bitch up*
curious home really tough guy
  08/02/13
*comes to understand the joy in providing both child support...
startled mother skinny woman
  08/02/13
Anyone that plans to make money on their house is a fucking ...
Contagious mewling mediation
  08/02/13
...
Soul-stirring dun psychic
  08/02/13
tbf, there is a point at which you can at least hope to brea...
startled mother skinny woman
  08/02/13
it's a great plan if you are in a highly desirable city (or ...
Offensive wine theater stage liquid oxygen
  08/02/13
No, it isn't.
Contagious mewling mediation
  08/02/13
(mfe) i have a friend who just bought a place in kiev for...
Offensive wine theater stage liquid oxygen
  08/02/13
Spending weekends fixing toilets oh what a scholar
Contagious mewling mediation
  08/02/13
exactly, you dont know shit
Offensive wine theater stage liquid oxygen
  08/02/13
yeah and sasha grey is worth millions of dollars by taking t...
curious home really tough guy
  08/02/13
i qualified my statement above about desirable cities and em...
Offensive wine theater stage liquid oxygen
  08/02/13
"Anyone that plans to make money on their house is a fu...
curious home really tough guy
  08/02/13
The point should be to save on rent.
narrow-minded comical genital piercing
  08/02/13
people who say renting is throwing money away don't see how ...
bistre nursing home
  08/02/13
Explain how holding a home longer can offset property taxes.
Contagious mewling mediation
  08/02/13
Explain spending $500+ a month on HOA.
Yellow insane candlestick maker
  08/02/13
LOL.
Contagious mewling mediation
  08/02/13
lol yeah exactly *assumes literal worst case scenario* my ...
curious home really tough guy
  08/02/13
HOA can be a lot more than 500/mo for an urban condo in a ma...
hairraiser weed whacker knife
  08/02/13
CR
spectacular old irish cottage
  08/02/13
well sounds like buying a condo is dumb as fuck then i mean...
curious home really tough guy
  08/02/13
I agree. And the other thing is that the condo fees are out...
Orchid aphrodisiac pervert mood
  08/02/13
i don't where i said my HOA is anywhere close to $500
bistre nursing home
  08/02/13
"~$700 of the ~$1800 is HOA plus taxes" My bad....
Yellow insane candlestick maker
  08/02/13
i pay $300 in HOA for basically zero amenities other than so...
bistre nursing home
  08/02/13
Hmmn ... so you're saying you pay ~$4,800 in taxes on your c...
Yellow insane candlestick maker
  08/02/13
there are always special assessments and other charges in ad...
bistre nursing home
  08/02/13
In the Phoenix/Scottsdale area (which isn't particularly exp...
motley sooty lodge
  08/02/13
(sells savvy real estate investment starter condo in 10 year...
spectacular old irish cottage
  08/02/13
(Regrets not having the extra condo when junior moves back h...
Orchid aphrodisiac pervert mood
  08/05/13
"my monthly payment is around $1800/mo v. about $1400/m...
crimson excitant chapel elastic band
  08/02/13
yes, the flaw is that you assumed that my actual/potential r...
bistre nursing home
  08/02/13
No, moron. Your original comparison is meaningless. The only...
crimson excitant chapel elastic band
  08/02/13
the original comparison isn't meaningless given that i would...
bistre nursing home
  08/02/13
this still makes no sense you're basically saying you're so...
curious home really tough guy
  08/02/13
i'm not letting myself get gouged at all. i got a great dea...
bistre nursing home
  08/02/13
...
crimson excitant chapel elastic band
  08/02/13
He's right, when it comes to determining the cost of owning ...
hairraiser weed whacker knife
  08/02/13
Everyone buys a nicer home than they would rent.
lavender blood rage pocket flask
  08/02/13
That doesn't make the value comparison correct, White Knight...
crimson excitant chapel elastic band
  08/02/13
If you are going to live in the house and not rent it out, w...
lavender blood rage pocket flask
  08/02/13
"I would rent a shitty 1br (worth $1,400/mo) that costs...
crimson excitant chapel elastic band
  08/02/13
I mean how much utility do you get from the extra bedroom if...
lavender blood rage pocket flask
  08/02/13
Are you even TRYING to make sense at this point? Is this how...
crimson excitant chapel elastic band
  08/02/13
or you could just answer my question about how much utility ...
lavender blood rage pocket flask
  08/02/13
Answer >>>>> $100/month - appreciation of pro...
crimson excitant chapel elastic band
  08/02/13
Not to mention the unmitigated fucktardedness of the initial...
crimson excitant chapel elastic band
  08/02/13
in reality, when people buy, they generally don't buy for wh...
bistre nursing home
  08/02/13
Keep blabbing on about the fucking idiot decisions you and y...
crimson excitant chapel elastic band
  08/02/13
lol, you can brag all you want about what a great investment...
bistre nursing home
  08/02/13
yes, living in a 1br vs. a 2br tends to save people money. ...
rose electric hominid
  08/02/13
people buy more home than they rent. The utility of that la...
lavender blood rage pocket flask
  08/02/13
"in the first few years of a ~$1100/mo mortgage payme...
motley sooty lodge
  08/02/13
ok so 100% goes to interest
curious home really tough guy
  08/02/13
buying a free standing home on a 30 year fixed and living in...
vigorous foreskin
  08/02/13
"If you can rent the house and its cashflow positive wi...
motley sooty lodge
  08/02/13
Often it does, but generally you want to keep 5+ years ht...
narrow-minded comical genital piercing
  08/02/13
ah the never ending "should I buy a house" debate ...
Ocher hall famous landscape painting
  08/02/13
you have roommates though and are literally an faggot
chest-beating lake stain point
  08/02/13
I have one roommate who is never there. Lived 6 months witho...
Ocher hall famous landscape painting
  08/02/13
I fully agree with you. I just don't like this constant harp...
curious home really tough guy
  08/02/13
Mortgage interest and property taxes are tax deductible. ...
big lay love of her life
  08/02/13
tbf i don't think your trailer payments are enough to pass t...
curious home really tough guy
  08/02/13
It is not really a trailer.
big lay love of her life
  08/02/13
I think the experience of having a cheaper place where you c...
Mildly autistic masturbator temple
  08/02/13
This. I learned some important shit like MAKE SURE THERE'S N...
curious home really tough guy
  08/02/13
You really couldn't figure out how to shut off/redirect the ...
Orchid aphrodisiac pervert mood
  08/02/13
Details are everything when buying. The one consistent thin...
Orchid aphrodisiac pervert mood
  08/02/13
STARTER homes now $1 million but ONLY ABSOLUTE INCOMES MATTE...
jet irate base
  05/14/25
ONE POINT FIVE MILLIE DURR DURR
jet irate base
  05/14/25
try $1.5M a year and $100 to eat good food vs $70k a yea...
jet irate base
  05/14/25
yeah bro, just go to SouthKorea, where you have to may a hug...
peach background story boltzmann
  05/14/25
Gooktard, why do u keep coming back? Don't you get tired of ...
peach background story boltzmann
  05/14/25
yeah bro NYUUG paid jeonsae for his apartment FOR SURE ...
jet irate base
  05/14/25
LOL TRIGGERED GOOKTARD
peach background story boltzmann
  05/14/25
LOLLERCAUST@ how hard you just self-pwn3d ITT bro N...
jet irate base
  05/14/25
...
jet irate base
  05/20/25
yeah bro, just go to SouthKorea, where you have to may a hug...
jet irate base
  05/14/25
TRIGGERED GOOK!
peach background story boltzmann
  05/14/25
lollercausting HARD@ this latest fucktarded cumskin self-pwn
jet irate base
  05/14/25
ONLY ABSOLUTE INCOMES MATTER DURR DURR
jet irate base
  07/14/25
Starter home? Fuck you. This is a finisher home.
Carmine black woman
  05/14/25
Once renowned for widespread homeownership, the key Anglosph...
jet irate base
  05/26/25
https://www.telegraph.co.uk/us/comment/2025/05/26/the-death-...
jet irate base
  05/26/25
yeah bro, it's just the Anglosphere DURR DURR https:/...
sticky ratface
  05/26/25
IT MAKES TOTAL SENSE FOR NYUUG TO BUY OVER RENTING DURR DURR
jet irate base
  05/26/25
SUPERIOR GOOK CULTURE DURR DURR https://xoxohth.com/threa...
sticky ratface
  05/26/25
lmao GAPED again, NOWWG dork NYUUG SO STUPID FOR RENTING ...
jet irate base
  05/26/25
lol as if you can afford to buy. by the way, i noticed you b...
sticky ratface
  05/26/25
lol blown the FUCK out
jet irate base
  05/26/25
...
jet irate base
  06/09/25
Starter homes where I live now cost $1.3 million (with a 7% ...
puce razzle station useless brakes
  05/26/25
lmao
gold autistic pisswyrm factory reset button
  07/14/25


Poast new message in this thread



Reply Favorite

Date: August 2nd, 2013 12:19 PM
Author: purple haunted graveyard

Got a lot of friends doing this, buying themselves a starter home. Does it make sense to do this or is it better to just save until you can get the big house? Personally, I don't exactly understand the reason for a starter home.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767887)



Reply Favorite

Date: August 2nd, 2013 12:20 PM
Author: Citrine address dragon

Renting is stupid

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767888)



Reply Favorite

Date: August 2nd, 2013 12:21 PM
Author: purple haunted graveyard

But explain to me like I'm five. Do you really save money buying a starter home to live in for a couple years? I feel like with maintenance and closing costs, you basically are losing money.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767893)



Reply Favorite

Date: August 2nd, 2013 12:24 PM
Author: Citrine address dragon

Mortgage builds credit. Mortgage payments are less than rent even with amortized acquisition costs. Maintenance should be negligible unless you buy a fixer upper. You will most likely exit at a profit

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767906)



Reply Favorite

Date: August 2nd, 2013 12:24 PM
Author: Yellow insane candlestick maker

House could appreciate in value. If you're smart with the purchase, it's likely to. Money spent on rent is flushed away.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767913)



Reply Favorite

Date: August 2nd, 2013 12:31 PM
Author: curious home really tough guy

TBF your first few years of mortgage is almost entirely interest and you don't build any substantial amt of equity beyond your down payment, plus you have the transaction costs.

I sure as FUCK would not recommend buying a house for "a couple" of years.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767948)



Reply Favorite

Date: August 2nd, 2013 12:33 PM
Author: purple haunted graveyard

So if buying a house, how long would you recommend you need to plan to live there?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767959)



Reply Favorite

Date: August 2nd, 2013 12:33 PM
Author: Yellow insane candlestick maker

Rule of thumb is 5 years.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767960)



Reply Favorite

Date: August 2nd, 2013 12:38 PM
Author: At-the-ready goyim sanctuary

Really depends on the local rental market, though. I remember looking a a market where condos were so reasonably priced compared to comparable rentals that 2 years was the break even point.

It's all local.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767981)



Reply Favorite

Date: August 2nd, 2013 12:38 PM
Author: Yellow insane candlestick maker

http://en.wikipedia.org/wiki/Rule_of_thumb

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767984)



Reply Favorite

Date: August 2nd, 2013 1:48 PM
Author: At-the-ready goyim sanctuary

Yeah, ok, but it's a shitty rule of thumb if it's off by 100% or more depending on local markets.

It's like saying a good rule of thumb is that lawyers can afford nice houses.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768347)



Reply Favorite

Date: August 2nd, 2013 12:37 PM
Author: curious home really tough guy

http://www.nytimes.com/interactive/business/buy-rent-calculator.html

Use that.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767974)



Reply Favorite

Date: August 2nd, 2013 12:41 PM
Author: hideous spot gunner



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767996)



Reply Favorite

Date: August 2nd, 2013 12:42 PM
Author: Indecent School Rigor

These are tough because it isn't apples to apples. Eg I could rent a townhouse or buy a 4 br home on a half acre lot. There is additional consumption involved in most buy options (including, eg, better fixtures, etc)

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768004)



Reply Favorite

Date: August 2nd, 2013 12:54 PM
Author: curious home really tough guy

Yeah, but those things are relatively minor considerations. You buy a new door handle one time for 100 or a bed for the guest room at 500-1000 or something, who fucking cares when you're dropping 200K on the house

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768073)



Reply Favorite

Date: August 2nd, 2013 12:26 PM
Author: Indecent School Rigor

Only buy a starter home if you're still several years away from kids. Small house is good for a couple and for kids in their 2s and 3s, but after that, you'll want big. If 3 to 5 years from kids, that can be 7-10 years before moving, so generally it makes sense. Also, allows you not to pay for good schools until kids are school age. If having kids now, it is probably too late for a starter home, so find something you're happy with indefinitely.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767926)



Reply Favorite

Date: August 2nd, 2013 12:30 PM
Author: curious home really tough guy

Your problem is thinking you buy a starter home for 2 years. Of course buying a home for two years is flat out stupid.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767944)



Reply Favorite

Date: August 2nd, 2013 12:32 PM
Author: At-the-ready goyim sanctuary

It will depend on your particular market and how much you value "ownership" v. having a landlord fix your shit. And how long you live there, of course.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767953)



Reply Favorite

Date: August 2nd, 2013 1:38 PM
Author: spectacular old irish cottage

"Renting is stupid"

(guy who lives and dies by boomer flame)

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768300)



Reply Favorite

Date: June 9th, 2025 11:50 PM
Author: Milky forum



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#49001227)



Reply Favorite

Date: August 2nd, 2013 12:24 PM
Author: Crawly rehab affirmative action

IMO for nearly everyone, there are only 2 credited first home purchases:

1) condo that is cheap enough that it won't force you to alter your lifestyle and that you can hold onto and rent out after you eventually move out

and

2) stand alone home that you are comfortable living in for at least 15 years and is within your price range.

Anything else seems to be short sighted.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767908)



Reply Favorite

Date: August 2nd, 2013 12:32 PM
Author: curious home really tough guy

The NYT has a calculator that shows whether you should buy or rent based on how long you expect to hold the house.

For my area, something like 3yrs becomes the break even point. Fuck yeah Texas. FWIW we got lucky and actually found a really desperate buyer (moving across the country in like a week, no one had made an offer because owner had SICK upgrades, and apparently people are dumb as fuck and want boring conventional sinks, fans, toilets, etc.).

So we bought like 10% under appraised value, adn appraised value is always less than what you'll sell it for absent some really weird scenario like utter desperation to sell.

So we've already made back our transaction costs, and that's after only a year of owning, and not even counting tax benefits and that our house is 50% bigger than our previous apt not counting the land and garage and also $150 cheaper per month for mortgage, insurance, taxes than rent alone was.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767954)



Reply Favorite

Date: August 2nd, 2013 12:35 PM
Author: purple haunted graveyard

I don't understand this calculator. Based on where I live, and the rent I pay (low cost of living area), it says its never better for me to buy. What?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767967)



Reply Favorite

Date: August 2nd, 2013 12:36 PM
Author: Contagious mewling mediation

Sounds like you in a housing bubbalicious area where property prices are disconnected from rents that is to say reality.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767970)



Reply Favorite

Date: August 2nd, 2013 12:37 PM
Author: curious home really tough guy



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767976)



Reply Favorite

Date: August 2nd, 2013 8:51 PM
Author: Shimmering abode hissy fit

Where you at? Houston or Dallas? Houston Heights?

How much were closing costs as a percentage of mortgaged amount?

How much did you spend? Even with low rates, taxes in Texas are pretty substantial and mortgage + taxes + PMI + insurance is usually more than rent.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23770705)



Reply Favorite

Date: August 2nd, 2013 10:19 PM
Author: curious home really tough guy

Down payment of 20% means no PMI. Not going to say which city I'm in. Not going to say the actual #, but we spent just barely over what my wife and I make combined in a year. So 1/3 what the rule of thumb says we could have afforded.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771138)



Reply Favorite

Date: August 2nd, 2013 10:51 PM
Author: Stirring Chestnut Travel Guidebook

"appraised value is always less than what you'll sell it for"

What?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771362)



Reply Favorite

Date: August 2nd, 2013 10:53 PM
Author: Orchid aphrodisiac pervert mood

tcq

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771369)



Reply Favorite

Date: August 2nd, 2013 1:49 PM
Author: rose electric hominid

you will get blasted in the ass with condo fees

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768361)



Reply Favorite

Date: August 2nd, 2013 10:19 PM
Author: Orchid aphrodisiac pervert mood

tcr. And condo association drama can get brutal. If you're neighbor is an asshat who makes a ton of noise (or you are) then be prepared to deal with the endless hassle. If you rent then nbd, sublet/assign your lease and you're out. If you bought then you're fucked.

The other obnoxious shit is that you're limited on what renovations you can do. Have a place with only window a/c and want ductless? I ton of places ban that. Want to convert carpet to hardwood? A bunch have 80%+ carpet rules because of noise issues to downstairs neighbors.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771133)



Reply Favorite

Date: August 2nd, 2013 12:29 PM
Author: Bespoke kitty

no. you will lose money on it. get a normal home and expect to stay for 15 yrs.



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767942)



Reply Favorite

Date: August 2nd, 2013 12:30 PM
Author: purple haunted graveyard

So basically, if I can't afford a real home yet, better to just rent until I have the money? Dude above me is saying I'm an idiot to pay rent at all.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767946)



Reply Favorite

Date: August 2nd, 2013 12:32 PM
Author: Unholy sweet tailpipe

Depends on your analysis.

Don't forget, there is value in the optionality inherent in renting.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767955)



Reply Favorite

Date: August 2nd, 2013 12:43 PM
Author: Bespoke kitty

yes. you wait :

1. until you have money for deposit+$10,000.

2. until you find the right house for you now+15 yrs down the road.



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768020)



Reply Favorite

Date: June 9th, 2025 11:50 PM
Author: Milky forum

nope

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#49001225)



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Date: August 2nd, 2013 12:22 PM
Author: startled mother skinny woman

as a general rule I think this is a bad idea, the wife will want to move up almost immediately, especially if there are any kids and you'll be fucked

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767902)



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Date: August 2nd, 2013 12:26 PM
Author: purple haunted graveyard

That's my thinking as well. Just as an example, I've got married friends that bought themselves tiny 3 bedroom houses and their wives are already itching to move. Literally got a friend thats lived in his house for 2 years and already looking to sell and move. I just don't exactly see the money savings doing that, but I dont really know the costs of home ownership.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767922)



Reply Favorite

Date: August 2nd, 2013 12:28 PM
Author: startled mother skinny woman

at 2 yrs there is no way he's saving any money, closing costs alone have to eat up any little bit of equity

only upside is if the market gets hot

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767939)



Reply Favorite

Date: August 2nd, 2013 12:36 PM
Author: curious home really tough guy

closing costs (atty fees, RE broker/agent fees, escrow fees, etc.) will in 99% of scenarios outstrip any two-year appreciation in home value

of course you could be OK w/losing some $ on home purchase

my wife and I were

we aren't looking to make money on a house, and we bought the cheapest house we were happy with, so even if we lose like 20% when we sell it's honestly not really that big of a deal to us in the grand scheme of things

the psychic benefits of owning a house are that valuable to us (but obv not that valuable to everyone on xo)

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767971)



Reply Favorite

Date: August 2nd, 2013 12:24 PM
Author: hairraiser weed whacker knife

ITE, starter homes are the new family homes

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767912)



Reply Favorite

Date: August 2nd, 2013 12:39 PM
Author: curious home really tough guy

if you have 2 kids, they can share one bedroom until they're like 10yo anyway fuck them

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767988)



Reply Favorite

Date: August 2nd, 2013 12:41 PM
Author: startled mother skinny woman

ah, 8 yrs of your wife never shutting the fuck up about how you need a new place, sounds like heaven

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23767997)



Reply Favorite

Date: August 2nd, 2013 12:43 PM
Author: curious home really tough guy

*cues prodigy smack my bitch up*



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768016)



Reply Favorite

Date: August 2nd, 2013 12:45 PM
Author: startled mother skinny woman

*comes to understand the joy in providing both child support and alimony payments sufficient to cover the mortgage on the starter home you used to live in plus getting to pay rent*

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768029)



Reply Favorite

Date: August 2nd, 2013 12:42 PM
Author: Contagious mewling mediation

Anyone that plans to make money on their house is a fucking idiot -- full stop.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768002)



Reply Favorite

Date: August 2nd, 2013 12:42 PM
Author: Soul-stirring dun psychic



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768005)



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Date: August 2nd, 2013 12:43 PM
Author: startled mother skinny woman

tbf, there is a point at which you can at least hope to break even or not lose money to rent

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768011)



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Date: August 2nd, 2013 12:43 PM
Author: Offensive wine theater stage liquid oxygen

it's a great plan if you are in a highly desirable city (or an emerging market)

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768017)



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Date: August 2nd, 2013 12:44 PM
Author: Contagious mewling mediation

No, it isn't.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768027)



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Date: August 2nd, 2013 12:48 PM
Author: Offensive wine theater stage liquid oxygen

(mfe)

i have a friend who just bought a place in kiev for 260k. the market is dead there, and will surely spike a lot in 5-10 years. in addition, he will be able to rent it out for about 2400-2500 per month. so, not only does he own an appreciating asset, but he gets a dividend of 11% per year (assuming 2400)

tell me how this is a bad investment?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768047)



Reply Favorite

Date: August 2nd, 2013 12:49 PM
Author: Contagious mewling mediation

Spending weekends fixing toilets oh what a scholar

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768051)



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Date: August 2nd, 2013 12:51 PM
Author: Offensive wine theater stage liquid oxygen

exactly, you dont know shit

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768062)



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Date: August 2nd, 2013 12:57 PM
Author: curious home really tough guy

yeah and sasha grey is worth millions of dollars by taking tons of baby batter in every orifice - doesn't make it a great idea for people in general to do

in general, buying a home you are going to live in is a stupid business plan

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768088)



Reply Favorite

Date: August 2nd, 2013 12:59 PM
Author: Offensive wine theater stage liquid oxygen

i qualified my statement above about desirable cities and emerging markets. and my buddy is not going to live there, he is going to profit from it

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768104)



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Date: August 2nd, 2013 12:56 PM
Author: curious home really tough guy

"Anyone that plans to make money on their house is a fucking idiot -- full stop. "

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768084)



Reply Favorite

Date: August 2nd, 2013 3:17 PM
Author: narrow-minded comical genital piercing

The point should be to save on rent.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769056)



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Date: August 2nd, 2013 12:42 PM
Author: bistre nursing home

people who say renting is throwing money away don't see how much money you throw away in buying a home which might equal or even exceed rental costs and people who sell their homes quickly, say, 2-3 years, generally lose money b/c their homes haven't had a chance to appreciate enough to offset closing costs, interest payments, property taxes, and other costs.

for example, i bought a starter condo for $335k. my monthly payment is around $1800/mo v. about $1400/mo renting. ~$700 of the ~$1800 is HOA plus taxes, so that's already money you throw away. in the first few years of a ~$1100/mo mortgage payment, the bulk of your payment is all toward interest so you're building very little equity. so in the end, after about 2 years of ownership, every month i'm throwing about ~$1500/mo on interest, hoa, and taxes, which exceeds the cost of renting. for buying to make economic sense, you need the market to appreciate enough to offset all your transaction costs, all your interest payments, taxes, and maintenance costs, which is extremely hard to do in a short amount of time.

for me, buying a condo made sense b/c it's not something i need to dump in 2-3 years when i want a single family home. i can easily keep it and rent it out for $2k/mo, which would cover all the costs and i can wait to sell it in 10 years. but theoretically, if i were to sell this now, i would, at best, break even on the transaction despite the fact that the market has appreciated quite a bit in the last 6 months. you certainly would get a better return in the stock market than in RE.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768010)



Reply Favorite

Date: August 2nd, 2013 12:45 PM
Author: Contagious mewling mediation

Explain how holding a home longer can offset property taxes.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768032)



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Date: August 2nd, 2013 12:46 PM
Author: Yellow insane candlestick maker

Explain spending $500+ a month on HOA.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768036)



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Date: August 2nd, 2013 12:47 PM
Author: Contagious mewling mediation

LOL.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768040)



Reply Favorite

Date: August 2nd, 2013 1:00 PM
Author: curious home really tough guy

lol yeah exactly

*assumes literal worst case scenario*

my HOA fee is like $200/yr

gated community | upper middle class | no one wants a community pool

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768107)



Reply Favorite

Date: August 2nd, 2013 1:31 PM
Author: hairraiser weed whacker knife

HOA can be a lot more than 500/mo for an urban condo in a major city

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768277)



Reply Favorite

Date: August 2nd, 2013 1:45 PM
Author: spectacular old irish cottage

CR

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768331)



Reply Favorite

Date: August 2nd, 2013 10:21 PM
Author: curious home really tough guy

well sounds like buying a condo is dumb as fuck then

i mean, if you buy a condo you're basically living in an apt anyway, shared walls, no fences b/w you and neighbor, no yard, etc., wtf's the point?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771146)



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Date: August 2nd, 2013 10:28 PM
Author: Orchid aphrodisiac pervert mood

I agree. And the other thing is that the condo fees are outside of your control. If your association decides to jack your fees you're really fucked. For one, selling for a decent price has just become much harder. So your choices are 1) sell at a loss (often substantial), or 2) get raped by fees and hope the same shit doesn't happen again in the next few years (or less).

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771195)



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Date: August 2nd, 2013 1:36 PM
Author: bistre nursing home

i don't where i said my HOA is anywhere close to $500

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768293)



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Date: August 2nd, 2013 1:46 PM
Author: Yellow insane candlestick maker

"~$700 of the ~$1800 is HOA plus taxes"

My bad. I assumed you paid ~$2400 a year in taxes. A quick check puts that number more like ~$4000.

Explain spending $400 a month on HOA.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768333)



Reply Favorite

Date: August 2nd, 2013 1:50 PM
Author: bistre nursing home

i pay $300 in HOA for basically zero amenities other than some outdoor common space for the dog which is nice, but that's about as low as you're going to find in LA or any other major urban area. bldg with actual amenities will run $700-800/mo at least. when houses start at $1M+ for a hovel in a desirable hood in LA, people who can't afford to buy a house have no choice but deal with a HOA.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768378)



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Date: August 2nd, 2013 5:04 PM
Author: Yellow insane candlestick maker

Hmmn ... so you're saying you pay ~$4,800 in taxes on your condo? That means your tax rate is roughly 1.43, well above nearly every municipality within LA county. Santa Monica's is 1.11, LA is 1.22, El Segundo is 1.07. Seems off.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769551)



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Date: August 2nd, 2013 5:48 PM
Author: bistre nursing home

there are always special assessments and other charges in addition to taxes on the property tax bill.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769734)



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Date: August 2nd, 2013 5:00 PM
Author: motley sooty lodge

In the Phoenix/Scottsdale area (which isn't particularly expensive), HOA fees at nicer condos are close to $0.50 per square foot per month. So a 1,000+ sf condo gets you to $500.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769539)



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Date: August 2nd, 2013 1:44 PM
Author: spectacular old irish cottage

(sells savvy real estate investment starter condo in 10 years)

(uses profit to finances 2.25 years of private school tuition for one of planned future generation of gunners)

(lives the dream!)

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768328)



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Date: August 5th, 2013 12:44 PM
Author: Orchid aphrodisiac pervert mood

(Regrets not having the extra condo when junior moves back home with no job after prestigious education)

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23783992)



Reply Favorite

Date: August 2nd, 2013 3:21 PM
Author: crimson excitant chapel elastic band

"my monthly payment is around $1800/mo v. about $1400/mo renting."

"i can easily keep it and rent it out for $2k/mo, which would cover all the costs and i can wait to sell it in 10 years."

Do you see the flaw here?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769081)



Reply Favorite

Date: August 2nd, 2013 3:24 PM
Author: bistre nursing home

yes, the flaw is that you assumed that my actual/potential rental cost is the same as the cost of renting out my particular condo.

$1400/mo is what I was paying for a 1BR apt in LA. I bought a 2BR which I can easily rent out for $2k.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769100)



Reply Favorite

Date: August 2nd, 2013 3:25 PM
Author: crimson excitant chapel elastic band

No, moron. Your original comparison is meaningless. The only relevant question is what your payment is vs. what your rent would be for the same property. God, you are one of the dumbest bitches I've ever come across.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769108)



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Date: August 2nd, 2013 3:29 PM
Author: bistre nursing home

the original comparison isn't meaningless given that i would've been perfectly fine spending $1400/mo on a 1BR for the foreseeable future and is absolutely relevant in figuring out at what point i'd be break even v. profiting off my decision to buy a condo.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769125)



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Date: August 2nd, 2013 6:28 PM
Author: curious home really tough guy

this still makes no sense

you're basically saying you're so lazy you were willingly and knowingly letting yourself get gouged, and therefore you will have no problem finding someone else to do the same thing

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769999)



Reply Favorite

Date: August 2nd, 2013 7:19 PM
Author: bistre nursing home

i'm not letting myself get gouged at all. i got a great deal on my condo at the bottom of the market.

i'm just not going to overinflate how much i'm gaining from buying a 2BR when i know that i wouldn't have moved into a 2BR for at least 2 years of ownership. after my bf moved in with me, i would now compare renting of comparable properties since we would've gotten a 2BR together.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23770252)



Reply Favorite

Date: August 2nd, 2013 9:41 PM
Author: crimson excitant chapel elastic band

Post removed by moderator for violating The Law of The Land.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23770958)



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Date: August 2nd, 2013 3:28 PM
Author: hairraiser weed whacker knife

He's right, when it comes to determining the cost of owning vs cost of renting, and where your breakeven poin would be in selling.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769120)



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Date: August 2nd, 2013 4:45 PM
Author: lavender blood rage pocket flask

Everyone buys a nicer home than they would rent.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769482)



Reply Favorite

Date: August 2nd, 2013 4:47 PM
Author: crimson excitant chapel elastic band

That doesn't make the value comparison correct, White Knight.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769493)



Reply Favorite

Date: August 2nd, 2013 4:51 PM
Author: lavender blood rage pocket flask

If you are going to live in the house and not rent it out, why does that not make a difference? The "throwaway" cost of interest, taxes, HOA should be compared to what you would actually rent no? As far as your equity investment, that grows however it grows.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769507)



Reply Favorite

Date: August 2nd, 2013 4:58 PM
Author: crimson excitant chapel elastic band

"I would rent a shitty 1br (worth $1,400/mo) that costs $1,400 in non-equity building payments."

"Instead I buy nicer 2br (worth $2,000/mo) that costs $1,500 in non-equity payments)."

Not even factoring in appreciation, the "utility" of a $600 better apartment is less than $100? Don't be fucktarded.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769538)



Reply Favorite

Date: August 2nd, 2013 5:01 PM
Author: lavender blood rage pocket flask

I mean how much utility do you get from the extra bedroom if you arent renting it out like a old woman like Doodikoff?

If most of that $2000 goes into the extra bedroom and bathroom which you have to clean, but dont live in, is that really any more utility than a perhaps nicer 1 bedroom?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769545)



Reply Favorite

Date: August 2nd, 2013 5:17 PM
Author: crimson excitant chapel elastic band

Are you even TRYING to make sense at this point? Is this how LA shitlaw lawyers write?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769584)



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Date: August 2nd, 2013 5:26 PM
Author: lavender blood rage pocket flask

or you could just answer my question about how much utility is nutella getting out of her second bedroom and bathroom on a day to day basis?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769604)



Reply Favorite

Date: August 2nd, 2013 5:43 PM
Author: crimson excitant chapel elastic band

Answer >>>>> $100/month - appreciation of property - rental profit potential.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769715)



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Date: August 2nd, 2013 5:46 PM
Author: crimson excitant chapel elastic band

Not to mention the unmitigated fucktardedness of the initial premise that "everyone buys more house than they would rent."

"Renting is smarter because I'm a fucking financially retarded shrew."

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769726)



Reply Favorite

Date: August 2nd, 2013 6:04 PM
Author: bistre nursing home

in reality, when people buy, they generally don't buy for what they need right now or even what they need in the next 2-5 years since their preference is to stay longer-term and they also want to buy something that's ultimately easier to move on the market.

in my case (and in the case of my friends who own more house than they currently need), it doesn't make sense compare the same property for rent v. buy purposes at the point where you're getting no utility out of having a few extra bedrooms and, in fact, it increases your expenses by paying more in utilities, cleaning, furnishing it, etc.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769834)



Reply Favorite

Date: August 2nd, 2013 6:11 PM
Author: crimson excitant chapel elastic band

Keep blabbing on about the fucking idiot decisions you and your imaginary friends have made. It doesn't make your fucktarded analysis correct, it just makes you sound dumber.

I bought my condo for $340k last March. I bought a condo that was about 1,200 sq feet because....wait for it...that's all I needed. Four units in my building with similar floorplans, view, and features have sold for between $525k and $610k in the last 5 months. Zillow values my unit at $455k with a high range of $580k.

And I could rent it for $3,000 within a day or two.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769895)



Reply Favorite

Date: August 2nd, 2013 7:07 PM
Author: bistre nursing home

lol, you can brag all you want about what a great investment you've made but it actually looks like we have similar specs. my condo is 1150 sq feet. it was a bank owned property at the time that was poorly marketed and sitting stale for over 300 days. it was priced $80k below the next shittiest apt available in the area. i just checked the est on zillow on my apt is estimated at $448k with a high of $572k. there are no 2BR/2BA sold in the last 4-5 months in my zip code for less than $475k. i also put about $25k into renovations which should significantly raise the value of my place should i decide to sell.

but unlike you, i'm not going to assume the best case scenario where i can sell my home at the top of the market and compare it to renting the exact same place when i know i would've stayed in a 1BR otherwise. i'm also realistic and not going to say that buying v. renting makes sense for everyone, particularly after all the costs. i find the phrase "throwing money away on rent" to be misleading when there are tons of throwaway costs associated with buying in the transaction fees, interest, taxes, insurance, renovations where you don't get back the value, etc. the fridge broke a year after i bought my condo and shit like that adds up and need to be factored in when you calculate where your break even point is.

bottom line is that i don't think people should ever look at homes as investments. all the other money you're spending on the home would do much better being invested in the stock market.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23770176)



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Date: August 2nd, 2013 3:55 PM
Author: rose electric hominid

yes, living in a 1br vs. a 2br tends to save people money. good work nutella.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769262)



Reply Favorite

Date: August 2nd, 2013 4:44 PM
Author: lavender blood rage pocket flask

people buy more home than they rent. The utility of that larger home is not that great for people starting out.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769479)



Reply Favorite

Date: August 2nd, 2013 5:05 PM
Author: motley sooty lodge

"in the first few years of a ~$1100/mo mortgage payment, the bulk of your payment is all toward interest so you're building very little equity."

At current rates, about 28% of the first year's payments go to interest and about 72% goes to interest.

http://www.zillow.com/mortgage-calculator/

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769555)



Reply Favorite

Date: August 2nd, 2013 6:30 PM
Author: curious home really tough guy

ok so 100% goes to interest

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23770006)



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Date: August 2nd, 2013 1:47 PM
Author: vigorous foreskin

buying a free standing home on a 30 year fixed and living in it for anywhere between two and five years is a good idea IMO - just because of how low the mortgage rates are now, and the fact that you are saving money by living there (literally fractionally purchasing more of the house each month instead of throwing money out the window for rent). If you can rent the house and its cashflow positive with a CAP rate above 5% with 20% down I'd say go for it.

You can also deduct the mortgage interest from your taxes and depending on if you want to move out or not you can pay a little extra (depending on your terms) and get the house to be even more cash flow positive and generate another 10K or so a year, plus the equity in the house.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23768338)



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Date: August 2nd, 2013 5:07 PM
Author: motley sooty lodge

"If you can rent the house and its cashflow positive with a CAP rate above 5% with 20% down I'd say go for it."

Yeah, which non-shitty city offers that?

It's not 2010 anymore.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769558)



Reply Favorite

Date: August 2nd, 2013 3:16 PM
Author: narrow-minded comical genital piercing

Often it does, but generally you want to keep 5+ years

http://www.nytimes.com/interactive/business/buy-rent-calculator.html

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769051)



Reply Favorite

Date: August 2nd, 2013 3:22 PM
Author: Ocher hall famous landscape painting

ah the never ending "should I buy a house" debate

just do it, bro. I did, and I love it. I'm finally not getting raped by rent all the time.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769090)



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Date: August 2nd, 2013 4:51 PM
Author: chest-beating lake stain point

you have roommates though and are literally an faggot

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769504)



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Date: August 2nd, 2013 5:14 PM
Author: Ocher hall famous landscape painting

I have one roommate who is never there. Lived 6 months without one and could easily handle it. He's also a good friend of mine, and the rent money is really nice. My roommate literally has his own floor of the house and bathroom. But that's not the point - the fact that I can get rental income is 180, so is that fact that I am not flushing rent money down the toilet, so is the fact that I have tons of space to entertain and do whatever the fuck I want.

So all of you renting h8ers can suck it.

I also don't appreciate your homophobic insult, sir

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23769578)



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Date: August 2nd, 2013 6:31 PM
Author: curious home really tough guy

I fully agree with you. I just don't like this constant harping on it being a "financially shrewd investment."

"Buy a home = financial investment" is literally boomer flame. No one thought that before boomers, and no one should think that after boomers. At best, it's a long-term store of wealth and nothing more.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23770010)



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Date: August 2nd, 2013 8:56 PM
Author: big lay love of her life

Mortgage interest and property taxes are tax deductible.

I bought a starter trailer and it has been so much cheaper than renting.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23770725)



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Date: August 2nd, 2013 10:22 PM
Author: curious home really tough guy

tbf i don't think your trailer payments are enough to pass the standard deduction

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771149)



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Date: August 2nd, 2013 10:25 PM
Author: big lay love of her life

It is not really a trailer.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771172)



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Date: August 2nd, 2013 9:28 PM
Author: Mildly autistic masturbator temple

I think the experience of having a cheaper place where you can try things out, renovate a little, make mistakes, etc. before you buy your "real" house has some value to it. You'll be a lot more educated and less intimidated by house-related shit. I'm not claiming it's a foolproof investment or anything.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23770890)



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Date: August 2nd, 2013 10:22 PM
Author: curious home really tough guy

This. I learned some important shit like MAKE SURE THERE'S NO FUCKING AC VENT ABOVE YOUR BATHROOM SINK OR IT WILL SUCK DICK TO SHAVE, SUCK DICK TO DO CONTACTS, ETC.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771152)



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Date: August 2nd, 2013 10:25 PM
Author: Orchid aphrodisiac pervert mood

You really couldn't figure out how to shut off/redirect the vent?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771174)



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Date: August 2nd, 2013 10:25 PM
Author: Orchid aphrodisiac pervert mood

Details are everything when buying. The one consistent thing is that 2 years isn't worth it unless you plan on buying a fixer upper and fixing it up yourself as you live there and then flipping it. That plan depends on your aptitude for rehabbing houses. Average millenial Joe isn't qualified to do this and will end up hiring people and will sell at a comparative loss when adding initial purchase cost to total spent on renovation. In general I wouldn't recommend on a two year schedule absent additional information. Now, if you go 5+ years then probably, assuming all the other factors are reasonable.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#23771169)



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Date: May 14th, 2025 12:47 AM
Author: jet irate base

STARTER homes now $1 million but ONLY ABSOLUTE INCOMES MATTER DURR DURR:

The number of cities with 'million-dollar' starter homes has nearly tripled since 2019

The number of cities where a starter home is worth $1 million or more has grown from 84 five years ago to 237 today.

Nearly half of these cities with "million-dollar" starter homes are in California.

https://finance.yahoo.com/news/1-million-starter-home-norm-120300606.html

http://www.xoxohth.com/thread.php?thread_id=2173998&forum_id=2#47894117

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48928960)



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Date: May 14th, 2025 1:13 AM
Author: jet irate base

ONE POINT FIVE MILLIE DURR DURR

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48928977)



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Date: May 14th, 2025 1:14 AM
Author: jet irate base

try $1.5M a year and $100 to eat good food vs $70k a year and $10 포장마차 slop

Date: May 14th, 2025 12:46 AM

Author: Pope Leo XXX

http://www.autoadmit.com/thread.php?thread_id=2388973&forum_id=2#48928957



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48928981)



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Date: May 14th, 2025 1:39 AM
Author: peach background story boltzmann

yeah bro, just go to SouthKorea, where you have to may a huge downpayment to *checks notes* rent an apartment!

DURR DURR

"In South Korea, apartments are often rented using the Jeonse system, which involves a large deposit (also called "key money") instead of monthly rent. This deposit can be 50% to 80% of the property's market value, and it's returned to the tenant at the end of the lease. While not a traditional down payment like in property purchases, it functions similarly as an upfront payment securing the rental. "

https://en.wikipedia.org/wiki/Jeonse

SUPERIOR GOOK CULTURE!

DURR DURR

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48929010)



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Date: May 14th, 2025 1:39 AM
Author: peach background story boltzmann

Gooktard, why do u keep coming back? Don't you get tired of being ASSRAPED every day?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48929012)



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Date: May 14th, 2025 11:13 PM
Author: jet irate base

yeah bro NYUUG paid jeonsae for his apartment FOR SURE

LMAO YOU FUCKING RETARD

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48932140)



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Date: May 14th, 2025 11:16 PM
Author: peach background story boltzmann

LOL TRIGGERED GOOKTARD

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48932168)



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Date: May 14th, 2025 11:17 PM
Author: jet irate base

LOLLERCAUST@ how hard you just self-pwn3d ITT bro

NYUUG RENTED HIS APARTMENT THROUGH JONSAE DURR DURR

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48932175)



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Date: May 20th, 2025 4:08 AM
Author: jet irate base



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48946438)



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Date: May 14th, 2025 11:13 PM
Author: jet irate base

yeah bro, just go to SouthKorea, where you have to may a huge downpayment to *checks notes* rent an apartment!

DURR DURR

"In South Korea, apartments are often rented using the Jeonse system, which involves a large deposit (also called "key money") instead of monthly rent. This deposit can be 50% to 80% of the property's market value, and it's returned to the tenant at the end of the lease. While not a traditional down payment like in property purchases, it functions similarly as an upfront payment securing the rental. "

https://en.wikipedia.org/wiki/Jeonse

SUPERIOR GOOK CULTURE!

DURR DURR

Date: May 14th, 2025 1:39 AM

Author: .,.,....,.,.,.,:,,:,....,:::,....,:,.,.:...,:.::,

http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2#48929010

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48932145)



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Date: May 14th, 2025 11:17 PM
Author: peach background story boltzmann

TRIGGERED GOOK!



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48932174)



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Date: May 14th, 2025 11:18 PM
Author: jet irate base

lollercausting HARD@ this latest fucktarded cumskin self-pwn

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48932177)



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Date: July 14th, 2025 5:25 PM
Author: jet irate base

ONLY ABSOLUTE INCOMES MATTER DURR DURR

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#49101104)



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Date: May 14th, 2025 11:14 PM
Author: Carmine black woman

Starter home? Fuck you. This is a finisher home.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48932151)



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Date: May 26th, 2025 8:57 PM
Author: jet irate base

Once renowned for widespread homeownership, the key Anglosphere countries are reverting to a feudal past, where land is owned by increasingly few. In every major market in Canada and Australia, and in much of America and the UK, house prices have skyrocketed to record levels, with corresponding consequences for home ownership rates.

In a new report, demographer Wendell Cox traces this to the failure to build enough new housing units, particularly the single-family homes that consumers most desire. In the United States, homebuilders built about one million fewer homes (including rental units) in 2024 than in 1972 when there were 130 million fewer Americans. One estimate puts the US housing market short by about 4.5 million homes.

But the housing crisis is a global phenomenon that hits the middle and working classes hardest. In large part due to high housing prices, notes the “OECD in Under Pressure: The Squeezed Middle-Class”, the middle-class faces ever rising costs relative to incomes, so much so that its very survival is threatened. “The cost of essential parts of the middle-class lifestyle have increased faster than inflation,” it notes. Housing prices have been rising “three times faster than household median income over the last two decades.”

Even in prosperous and communitarian Switzerland, Zurich studios sell for well over $1 million, and small houses for considerably more than that. Even affluent people cannot afford down payments, despite the overwhelming financial advantages to homeowners.

This housing shortfall and high prices are seen throughout the Anglosphere. Australia’s historically high rates of homeownership have all but collapsed among those aged between 25 and 34 years old, plummeting from more than 60 per cent in 1981 to only 45 per cent in 2016. The proportion of owner-occupied housing has dropped by 10 per cent in the last 25 years. In the United Kingdom in 2022-23, 39 per cent of 25-34 year-olds owned their home, compared to 57 per cent of the same age cohort in 1995. A rising proportion of British millennials are likely to remain renters for life.

Similarly, US millennials were already less likely in 2015 to be homeowners than baby boomers and Gen-Xers. By 2021, home ownership among those aged 25-34 had dropped from 45.4 per cent in 2000 to 41.6 per cent. Record numbers of first-time buyers are stuck on the sidelines as housing affordability stands at the lowest level for which there are data series, while one in three pay over 30 per cent of their income in mortgage or rent.

Across the board, Wendell Cox’s new report lays the blame for this situation on the British-born idea of urban containment, with its roots in the UK’s 1947 Town and Country Planning Act. This policy sought to steer development towards higher density core cities and away from the lower density periphery, forcing people into “living smaller, living closer” – whether they like it or not.

The results have been dreadful. As early as the 1970s, British planner Peter Hall suggested that the “speculative value” of land with planning permission in the UK was five to 10 times higher than that of land without planning permission. Virtually all the most expensive markets in Cox’s new affordability study – outside number one Hong Kong – operate some form of urban containment, including such cities as Vancouver, Sydney, Melbourne, Adelaide, San Francisco, Los Angeles, San Diego and, of course, London.

All these areas now have prices that are nine times or more higher than median incomes, which is also three times the historic rate. Many of the markets closer to that historic norm – in Texas, the South and the Midwest US – do not have such policies.

Nor does focusing on higher density lower prices, as is sometimes argued. In fact, US data suggests a positive correlation between greater density and housing costs. Among 53 major metros, those with more single-family housing and larger lot sizes (key indicators of lower density) have substantially better housing affordability. One recent study found that the median family in San Jose would need 125 years (150 in Los Angeles) to save a down payment; in Atlanta or Houston the figure is 12 years.

Perhaps most damning, these policies are clearly not effective in creating more housing; Portland, a US pioneer in urban containment, embraces high density housing but high prices have driven multi-family construction to the lowest level in a decade. In California, which has experienced similar stagnation, notes a recent RAND study, policy-driven delays, strict architectural standards, green mandates and the requirement to pay union-level wages have pushed the cost of construction of subsidised apartments twice as high as in Texas.

How do we begin to solve this problem? It should not be too difficult, once urban containment and other policies are effectively scrapped. With relatively low population growth – particularly outside the migrant population – there is no huge spike in fundamental demand as occurred, for example, in the 1950s and 1960s. The rise of remote work, migration to smaller urban areas, as well as new technologies for building, including the use of 3D printers, actually offer the chance to build more affordable housing.

The bad news is that this crisis is largely self-inflicted. The good news is that it can be solved, if our political class can find the will to change and jettison policies that have led to this disastrous situation.

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963539)



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Date: May 26th, 2025 8:57 PM
Author: jet irate base

https://www.telegraph.co.uk/us/comment/2025/05/26/the-death-of-the-family-home-is-killing-the-american-middle/

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963540)



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Date: May 26th, 2025 9:09 PM
Author: sticky ratface

yeah bro, it's just the Anglosphere

DURR DURR

https://www.wsj.com/economy/housing/housing-affordability-crisis-europe-global-3e0d969a

The Housing Affordability Crisis Is Going Global

"Politicians in Canada, the U.K., Australia, Germany and South Korea are trying to boost construction by easing rules, including opening up undeveloped land for construction. National governments, though, are hamstrung by state and local rules that favor existing homeowners over renters, Hughes and Hilber said."

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963561)



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Date: May 26th, 2025 9:34 PM
Author: jet irate base

IT MAKES TOTAL SENSE FOR NYUUG TO BUY OVER RENTING DURR DURR

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963595)



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Date: May 26th, 2025 9:51 PM
Author: sticky ratface

SUPERIOR GOOK CULTURE DURR DURR

https://xoxohth.com/thread.php?thread_id=5730198&mc=3&forum_id=2#48963584

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963618)



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Date: May 26th, 2025 10:06 PM
Author: jet irate base

lmao GAPED again, NOWWG dork

NYUUG SO STUPID FOR RENTING AND NOT BUYING ON TOP OF A HOUSING BUBBLE DURR DURR

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963654)



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Date: May 26th, 2025 10:22 PM
Author: sticky ratface

lol as if you can afford to buy. by the way, i noticed you been posting since like 4 AM seoul time - taxi business slow?

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963694)



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Date: May 26th, 2025 10:52 PM
Author: jet irate base

lol blown the FUCK out

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963735)



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Date: June 9th, 2025 11:48 PM
Author: jet irate base



(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#49001222)



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Date: May 26th, 2025 9:40 PM
Author: puce razzle station useless brakes

Starter homes where I live now cost $1.3 million (with a 7% interest mortgage btw).

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#48963599)



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Date: July 14th, 2025 5:35 PM
Author: gold autistic pisswyrm factory reset button

lmao

(http://www.autoadmit.com/thread.php?thread_id=2326944&forum_id=2Reputation#49101146)