The most prestigious law school admissions discussion board in the world.
|
 |
 
|
why is everyone obsessed with HOME OWNERSHIP?
Poast new message in this thread
Date: April 19th, 2018 11:52 PM Author: Self-centered Organic Girlfriend Stage i'm renting and doing just fine financially (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878834) |
 |
Date: April 20th, 2018 4:16 PM Author: brindle market main people http://autoadmit.com/thread.php?thread_id=3955040&mc=1&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35883422) |
Date: April 19th, 2018 11:57 PM Author: passionate adulterous digit ratio quadroon Owning a real house is one of the few joys of modern life. Not some shoebox in a high rise, but a real house with a yard. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878854) |
|
Date: April 20th, 2018 12:11 AM Author: laughsome turdskin (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878928) |
|
Date: April 20th, 2018 12:25 AM Author: White underhanded sneaky criminal (house nigger for Boomerism) (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879002) |
|
Date: April 20th, 2018 12:27 AM Author: passionate adulterous digit ratio quadroon Bought in 2013 during the end of the crash. Feeling very good about this decision. Also, 23k tax deduction didn't hurt my feelings. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879010) |
|
Date: April 20th, 2018 12:28 AM Author: White underhanded sneaky criminal so u got lucky. congrats. doesn't mean buying a house NOW is a good idea (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879012) |
|
Date: April 20th, 2018 12:32 AM Author: passionate adulterous digit ratio quadroon If I had talked about buying my house on xoxo in 2013, you probably would have said that it was a bad idea.
There's still deals to be had as long as you don't live in California. |
|
Date: April 20th, 2018 12:59 AM Author: bearded cuck Still doesn't mean it's a good idea now (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879219) |
|
Date: April 20th, 2018 1:02 AM Author: Razzle-dazzle crimson lay no matter when you ask a question and no matter what the question is, xo will give you a negative, risk-averse, pussy-ass response. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879245) |
|
Date: April 20th, 2018 3:51 AM Author: bossy dilemma police squad (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879963) |
|
Date: April 20th, 2018 1:04 AM Author: Milky field i bought a house in fucking law school because it was cheap as shit and i could use the obama first time homebuyer credit. sold for profit. bought townhouse in major metro. flipped in five years for almost 20% profit. bought single family house in good neighborhood. up 5% already. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879264) |
|
Date: April 20th, 2018 1:06 AM Author: Razzle-dazzle crimson lay so how was living in Washington DC? (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879280) |
|
Date: April 20th, 2018 1:09 AM Author: Milky field african (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879307) |
|
Date: April 20th, 2018 1:07 AM Author: carmine national security agency trailer park tax deductions for mortgages are such bullshit kudos |
|
Date: April 20th, 2018 1:52 AM Author: Concupiscible sinister pit goal in life (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879548) |
|
Date: April 20th, 2018 11:06 AM Author: sickened gas station the new tax bill severely decimated the tax deductions though (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35881211) |
|
Date: April 21st, 2018 9:57 AM Author: passionate adulterous digit ratio quadroon We're under the threshold and my property taxes are <2k (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35887583) |
|
Date: April 20th, 2018 8:35 AM Author: Cobalt Stimulating Public Bath Messiness (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880370) |
|
Date: April 19th, 2018 11:57 PM Author: Splenetic preventive strike theatre You get a lot of leverage for a large investment at relatively low interest rates. Basically only way most people can build any type of "wealth". It's probably hard for rootless cosmopolitans to understand but some people like having a nice home that's theirs. It's like a decades long hobby. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878855) |
|
Date: April 20th, 2018 1:11 AM Author: carmine national security agency trailer park astute way to put it (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879323) |
|
Date: April 20th, 2018 8:36 AM Author: Cobalt Stimulating Public Bath Messiness (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880373) |
|
Date: April 20th, 2018 10:53 AM Author: Up-to-no-good cyan senate milk (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35881111) |
|
Date: April 20th, 2018 12:06 AM Author: vivacious snowy native corn cake It radically cuts your housing costs in old age
You really really don't want to be an old having to pay rent |
|
Date: April 20th, 2018 12:09 AM Author: Insanely creepy stain state yeah my grandma remarried after her first husband died. 2nd husband had the great idea to sell their home in like 1973 and rent an expensive apartment. he croaked, and she lived until 97 in that apartment. the rent soared to like $2,700/mo. it was a financial nightmare. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878919) |
|
Date: April 20th, 2018 1:00 AM Author: Milky field you should make a podcast called "my stepgrandpa was a fucktard" (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879227) |
|
Date: April 20th, 2018 8:33 AM Author: pungent bright dog poop (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880366) |
|
Date: April 22nd, 2018 7:14 AM Author: chestnut friendly grandma (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892964) |
|
Date: April 20th, 2018 1:01 AM Author: bearded cuck It's just a forced savings plan. You can definitely rent for cheaper than buying. Arguably the difference in $ you could stick in another investment and have the same outcome. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879240) |
|
Date: April 20th, 2018 1:03 AM Author: Razzle-dazzle crimson lay this is untrue 99% of the time.
stick to threads about dates with big-titted women please. |
|
Date: April 20th, 2018 1:08 AM Author: bearded cuck Wrong. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879304) |
|
Date: April 20th, 2018 2:03 AM Author: well-lubricated voyeur stead You can rent for cheaper than buying today. After tens years of inflation doing its thing that dynamic looks very different because your mortgage payment ain't ever going up but your rent sure will. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879595) |
|
Date: April 22nd, 2018 7:15 AM Author: chestnut friendly grandma taxes could go up though (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892966) |
|
Date: April 22nd, 2018 8:52 AM Author: well-lubricated voyeur stead In all but a few crazy suburbs where you shouldn't be living anyway property taxes are a joke that should come in at under $500 a month. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35893087) |
|
Date: April 20th, 2018 1:04 AM Author: Razzle-dazzle crimson lay Even middle age.
Say you get a 30 year mortgage and pay for 10 years. You could refinance when rates go down on the smaller amount.
Or, you could make extra principal payments to save on interest, then after 10 years re-amoritize for a small fee and reduce payments while maintaining the same 30 year timeline. |
|
Date: April 20th, 2018 12:08 AM Author: Milky field you can make a jew or an african rich or you can be a grownup man and be a part of society, your choice (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878913) |
|
Date: April 20th, 2018 12:24 AM Author: talking partner african? (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878990) |
|
Date: April 20th, 2018 12:25 AM Author: Milky field lot of west african landlords in DC at least (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878995) |
|
Date: April 20th, 2018 12:26 AM Author: White underhanded sneaky criminal ...but they work for jews, right? (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879004) |
|
Date: April 20th, 2018 1:00 AM Author: Milky field spoiler alert: we all do friendo (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879230) |
|
Date: April 20th, 2018 12:11 AM Author: insane casino boistinker you have a yard that's your land, you and your neighbors can't see or hear each other, can play loud music, let your dog run around and shit under a tree you planted, read xo as you watch your sprinklers water your lawn, pull into a driveway and don't have to worry about niggers (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35878931) |
|
Date: April 20th, 2018 12:27 AM Author: White underhanded sneaky criminal that last part is the only thing i really care about (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879007) |
|
Date: April 20th, 2018 4:02 AM Author: bossy dilemma police squad (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879970) |
|
Date: April 20th, 2018 12:28 AM Author: Sick Black Trust Fund Its overrated but necessary if you want a house. Otherwise you have to furnish a rented house which is too expensive if you're a transitory renter (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879011) |
|
Date: April 20th, 2018 12:35 AM Author: Vermilion yapping pozpig I'm paying all cash and going to cut my monthly expenses by 40-60% (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879049) |
|
Date: April 20th, 2018 12:58 AM Author: rebellious piazza my first house has appreciated like 60% in five or six years
renting fucking sucks, always gotta pussy foot around some other loser's rules, good sir! good sir! will you allow me to get a puppydood? no? what if I guzzle your cum like a good boy? then can I get a puppydood for my apartment?
own a home, buy a dog, don't have to eat anyone's ass to do it |
|
Date: April 20th, 2018 1:00 AM Author: slippery beady-eyed rehab double fault Lost it at the good sir lines (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879229) |
|
Date: April 20th, 2018 1:05 AM Author: Razzle-dazzle crimson lay was all that foul language really necessary to get your point across? (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879276) |
|
Date: April 20th, 2018 1:44 AM Author: rebellious piazza fuckin a (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879507) |
|
Date: April 20th, 2018 9:20 AM Author: charismatic nighttime national internal respiration (Guy with lucky timing) (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880522) |
|
Date: April 21st, 2018 10:05 AM Author: charismatic nighttime national internal respiration Not hard to time housing (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35887620) |
|
Date: April 20th, 2018 10:46 AM Author: Indigo Aggressive Electric Furnace literally LOL (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35881063) |
|
Date: April 22nd, 2018 8:25 AM Author: Maize arousing office (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35893042) |
|
Date: April 20th, 2018 1:13 AM Author: abnormal boyish degenerate hell I write off the interest. Will pay the same payment 30 years from now than I did in 2014.
Good luck with your rent payments at market in 30 years.
Taxes, write-offs. I write off internet and "home office" as expenses.
I get my own color scheme.
I'm beating market on the value of my home, rent considerations included.
My home is worth $130K more than I paid for it on day 1 in 4 years and I've put about $6K in upkeep.
Beat that. |
|
Date: April 20th, 2018 1:17 AM Author: medicated aromatic parlor gaping Will you still be able to deduct all of that under the new Tax Plan? (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879348) |
|
Date: April 20th, 2018 1:47 AM Author: abnormal boyish degenerate hell Don't know. Will shift as appropriate. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35879525) |
|
Date: April 20th, 2018 8:35 AM Author: Vermilion yapping pozpig rents will have (in real terms) decreased in 30 years outside of ny/west coast (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880372) |
|
Date: April 20th, 2018 8:56 AM Author: Bisexual Spruce Azn (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880436) |
|
Date: April 20th, 2018 8:47 AM Author: Splenetic preventive strike theatre This reminds me: I lol when people say they buy a house for the "tax write off".
All the tax deduction effectively is is a lower interest rate. It's no reason to buy but it's just a benefit that makes borrowing the money less costly. |
|
Date: April 20th, 2018 11:39 AM Author: Translucent arrogant legal warrant After the tax write off, my rate is effectively the rate of inflation. A free 30 year loan is pretty sweet. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35881448) |
|
Date: April 22nd, 2018 1:09 AM Author: naked domesticated giraffe filthpig That seems optimistic given that you don't get to count the amount of interest equal to the standard deduction. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892229) |
|
Date: April 20th, 2018 9:02 AM Author: house-broken private investor knife Boomer brainwashing, of course.
It symbolizes “status” to them.
Who cares if times are radically different?
My Mom can brag to her diabetes-laden friends that she birthed a son who was able to acquire a mortgage that will ensure he has no freedom to move! |
|
Date: April 20th, 2018 9:14 AM Author: Crusty Tattoo House How else am I going to have a golf simulator? (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880494) |
|
Date: April 20th, 2018 9:17 AM Author: Free-loading big-titted keepsake machete menage Living in an apartment is shit. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880505) |
|
Date: April 20th, 2018 9:19 AM Author: Balding rose garrison brethren (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880517) |
|
Date: April 20th, 2018 9:19 AM Author: wonderful azure library http://www.xoxohth.com/thread.php?thread_id=3949886&mc=73&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35880520) |
|
Date: April 20th, 2018 11:00 AM Author: Up-to-no-good cyan senate milk It's often very difficult to find a rental home comparable to the house you would want to buy. even if you can, the rent usually will be way more than a comparable mortgage. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35881164) |
|
Date: April 20th, 2018 4:15 PM Author: Titillating khaki den I've owned a few houses and rented a ton of apartments. Renting apartments, absent rent control/stabilization, means you have to be prepared to get your rent jacked every single year and either eat the cost or go through the incredible hassle of moving. Renting something legit nice is always a waste of money. If you buy it can be nice and it is just "an investment". Once you start looking at kids and shit, the concept of renting and needing to worry about moving every year becomes ridiculous. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35883414) |
|
Date: April 20th, 2018 8:36 PM Author: Crawly Ruddy Lodge Party Of The First Part there are pros and cons to both.
One of the pros is building equity and having your housing costs locked in. Also, you have more control. you can paint the walls however you want, install whatever, etc.
Renting has its 180 moments too. I didn't even pay for a fucking light bulb at my last apartment. |
|
Date: April 21st, 2018 10:14 AM Author: Floppy meetinghouse circlehead I just had my basement flood and it's going to cost me like $15k just to fix the root cause and remediate any possible mold.
STILL better than being an apartment cuck in a little glass cuckbox in the sky. I woke up and got to watch baby squirrels and rabbits playing in the yard, pet my puppyd00d, and walk down the driveway in my bathrobe to get the paper. |
|
Date: April 22nd, 2018 12:55 AM Author: Titillating khaki den Who gets a newspaper anymore? (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892159) |
|
Date: April 22nd, 2018 6:10 AM Author: bossy dilemma police squad Kill yourself nigger (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892896) |
|
Date: April 22nd, 2018 6:14 AM Author: Floppy meetinghouse circlehead Woah not cool dude (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892899) |
|
Date: April 22nd, 2018 7:36 AM Author: Balding rose garrison brethren Your basement will smell damp forever, until you leave the house. It’s basically impossible to get rid of that. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892991) |
|
Date: April 22nd, 2018 8:43 AM Author: Floppy meetinghouse circlehead Nah it's fine when I run a dehumidifier in the summer, plus it's just my woodshop, home gym, and laundry. Nothing I need to be particularly nice (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35893070) |
|
Date: April 22nd, 2018 7:38 AM Author: chestnut friendly grandma This does not sound good at all. None of what you wrote is appealing. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892993) |
|
Date: April 22nd, 2018 1:00 AM Author: naked domesticated giraffe filthpig Renting makes you a bitch. That's the biggest problem. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35892192) |
|
Date: April 22nd, 2018 8:10 AM Author: Maize arousing office Stability is really important for kids. Having to potentially move each year at the whim of your landlord is shitty for kids. It's also pretty beta if their dad isn't allowed to renovate or upgrade anything in the house without permission and if some landlord can just pop in to their house to check on it any time.
Also, like someone said, it's a hobby and provides an intangible joy. I feel a sense of pride when I finish a project or improve something. I feel a sense of pride knowing I own this little piece of land (yes, I know libertarians will flap their arms and scream about taxes).
The fact that it's a forced savings is nice, too. My total mortgage + taxes + insurance is a little cheaper than what it would cost me to rent a similar house but every month a big chunk goes into equity and most of the rest is tax deductible. If I were renting it would all just be wasted.
The fact that my property value has improved by like 25% is icing on the cake. |
|
Date: April 22nd, 2018 8:57 AM Author: Green glittery deer antler step-uncle's house It only makes sense if you have career stability, which to my knowledge barely exists anymore. Unless the idea of spending your free time worrying about renovations and upkeep and selling so you can relocate to your new GC plantation sounds appealing to you, it isn’t advisable. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35893091) |
|
Date: April 22nd, 2018 5:51 PM Author: White underhanded sneaky criminal cr (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35895544) |
|
Date: April 23rd, 2018 3:41 AM Author: naked domesticated giraffe filthpig Lack of career stability means you're double fucked. Congratulations! (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35898598) |
|
Date: April 23rd, 2018 3:44 AM Author: bossy dilemma police squad (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35898601) |
|
Date: April 23rd, 2018 10:19 AM Author: Titillating khaki den Yes, better to not own anything but to rent an expensive glammed up shoebox in a building with human trash (because the city made the developers let them in and give them 20% of the units) while paying as much as the guy who owns pays. (http://www.autoadmit.com/thread.php?thread_id=3954394&forum_id=2#35899365) |