RE: Cheaper to rent or to own a house? (Full Version)

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LadyConstanze -> RE: Cheaper to rent or to own a house? (5/14/2009 2:02:12 PM)


quote:

ORIGINAL: Vendaval

So what are you going to do with all those extra golf balls?  Sell them back to the clubhouse?  [;)]


We used to do that as kids, collect golf balls and sell them to golfers for a bit of pocket money, dad was always a taker (I must have inherited my handycap from him, my biggest expense when playing is new balls - golf balls of course)



Vendaval -> RE: Cheaper to rent or to own a house? (5/14/2009 2:03:52 PM)

LMAO!!!  [sm=biggrin.gif]



heartcream -> RE: Cheaper to rent or to own a house? (5/14/2009 9:50:50 PM)

Why is it so hard to find paradise? It ought not to be so hard.



ThatDamnedPanda -> RE: Cheaper to rent or to own a house? (5/14/2009 10:08:46 PM)

quote:

ORIGINAL: popeye1250

quote:

ORIGINAL: Vendaval

Yeah, but do you throw their stray balls back at them?  [8D]



Ven, hell no!
I have a 5-gallon pail full of golf balls!
There's a ditch between my property and the golf course.
I put up a sign that says; "Danger!!! Copperhead Snakes!!!" It's funny to see the looks on their faces when they see that sign.
Then, after they play through I just get my rake and voila, another golf ball!
That reminds me, I need to get another 5-gallon pail the next time I go to Lowe's.


You gotta lotta balls, running a racket like that.



ThatDamnedPanda -> RE: Cheaper to rent or to own a house? (5/14/2009 10:12:29 PM)

quote:

ORIGINAL: popeye1250

quote:

ORIGINAL: heartcream

I want to live where That Dam Panda lives. It sounds like paradise. Good for you!


Well, I don't need an alarm clock!
I just leave the slider open and awaken to the golfers swearing in the morning.


I don't have golfers, I've got turkeys waking me up. On the patio. They like to duke it out with their reflections in the sliding door each morning, never seeming to remember it's the same turkey they fought to a stalemate the previous morning. I think I'd almost prefer the golfers, especially if they don't defecate on the patio. Which would represent an absolutely enormous improvement over the turkeys.



ThatDamnedPanda -> RE: Cheaper to rent or to own a house? (5/14/2009 10:18:52 PM)

And then there was the night a few winters ago when the deer almost gave me a fatal heart attack. On cold winter nights, when there's a full moon and the sky is clear, I like to build a fire in the fireplace, turn out the lights, and stretch out on the floor by the patio door and watch the deer, the raccoons, and the foxes foraging around in the ravine and the creek bottoms. Well, one night, I stoked up the fire and killed the lights, and went over to the patio door and looked out. Just on the other side of the glass, a foot from my face, was a deer, standing on the patio and staring intently into my house.

Jesus, I just about jumped out of my skin. That damned thing almost croaked me on the spot. Looked right into my eyes, right back at me, and I swear my heart stopped dead in mid-beat. I mean, it was only a deer, but christ is that a shock to look out your door right into a pair of huge eyes. 



popeye1250 -> RE: Cheaper to rent or to own a house? (5/14/2009 10:21:24 PM)

Ahhh ya' big girl!



ThatDamnedPanda -> RE: Cheaper to rent or to own a house? (5/14/2009 10:22:20 PM)

quote:

ORIGINAL: heartcream

Why is it so hard to find paradise? It ought not to be so hard.


I'm thinking sometimes, it's more a matter of paradise finding you. And just being fortunate enough to be in the right place when it does, and (perhaps most importantly) open enough to notice it in the moment.



ThatDamnedPanda -> RE: Cheaper to rent or to own a house? (5/14/2009 10:24:57 PM)

quote:

ORIGINAL: popeye1250

Ahhh ya' big girl!


Well, I just haven't been the same since the deer mauled my pet grizzly bear a few years back. That changed a lot of things for me. You hear about that happening all the time, but you just somehow never think it's going to happen to you.



CountrySong -> RE: Cheaper to rent or to own a house? (5/14/2009 11:08:23 PM)

Panda -
See I've been trying to warn people about those attack deers for years!!!
They almost did me in three times sneeking up on me while I was hunting/napping. For instance, once I was hunkered up in the root base on a giant burned out cedar tree looking up this meadow valley with several game trails, lots of sign, and a salt lick. I was totally bored and decided to jack off. I swear I was just about to climax when I here a branch snap to my right. My eyes pop open and I'm staring at a doe about nine feet away!!! My heart went into overdrive which confused my body and I climaxed anyway which speed my heart up even more. By the time I could take a gasping breath again the doe turned tail and hopped away. My hands and body where shaking so much that I could not aim my rifle.
No one ever believed me until they caught that one deer on film beating up a hunter. [image]http://10.176.80.155/www.collarchat.com/micons/m27.gif[/image]



Vendaval -> RE: Cheaper to rent or to own a house? (5/14/2009 11:38:57 PM)

Panda - You need a couple of big hunting dogs on your property.
 
Country Song - Were you using doe urine to attract the bucks? 



popeye1250 -> RE: Cheaper to rent or to own a house? (5/15/2009 12:22:20 AM)

quote:

ORIGINAL: Vendaval

So what are you going to do with all those extra golf balls?  Sell them back to the clubhouse?  [;)]


Ven, I let my brother and his golfing buddies pick through them when they come down for golf in the winter from Boston.
They're all Fire Lts. and make very good money so it's not like they can't afford to buy them themselves but they do take me to the "Master's Gentleman's Club" and dinner every night.



BlackPhx -> RE: Cheaper to rent or to own a house? (5/15/2009 8:53:47 AM)

Somewhere, in the deepest part of the woods is a clearing.
On the night of the full moon the deer all gather there and tell the fawns tales of the two legged booming monsters and the foul smelling light eyed whizzers that streak down the flat black rock in the night carrying the two legs they have swallowed.

If you listen closely you can hear them whispering..

"So..Harry..tell us about that 6 passenger you almost got last week"

poenkitten [sm=rofl.gif]



ienigma777 -> RE: Cheaper to rent or to own a house? (5/15/2009 9:08:51 AM)

Hello,
I absolutely agree, in major markets, where the jobs are, buying or renting is always high. Your NYC example,an apartment, @ 5000.00 plus; incredible. In Las Vegas, an apartment in one of their High Rises, starting at 400,000 bucks to buy, it goes up from there to the millions...for an apartment, they call a condo...it's an apartment,for christ's sake. For a small 'apartment, small, and I do mean small, ONE bedroom apartment, they want 175,000 to buy. The same type RENTAL apartment elsewhere in the city will cost 1500. per month. So...do the math.

You put min. down, your mortgage paymentment will be about 1800, or 1900. per month. Oh, on top of that you have the association fees, if you want an apartment /condo...butting to the golf course, that one small bedroom box will cost double.

Mobility, where you want to live, longevity/duration of your stay; job market...all infulence the price of purchase or renting.

As to my term' not having the moola'...let me clarify...those I have found who slam 'buying' and prefer to rent...as per my experience...they, can't come with the down payment to buy, usually can't even qualify to buy....and to make themselves feel good; they attempt to justify 'why they are renting'...refusing to admit....they just can't buy.

Now, I rented, in a ghetto, slept on a goodwill couch, worked, saved what money I could....and then bought my way out of the ghetto.

Before Reagan, you could do that...after Bush the lesser...really hard to do anything remotely like that.

Mr. Obama has just extended the Mortgage Stimulus program...you can still get a rebate, yes a check, ( 5000.00 or more) on the house you buy.
So, that min. down payment, is basically refunded to you.

So, as per buying vs, renting......what rebate does the renter get on his/her rental?



DemonKia -> RE: Cheaper to rent or to own a house? (5/16/2009 11:07:49 AM)

FR

Actually, technically I both rent & own. We live in a mobile home. So we can do whatever we want to the box we live in, cuz we own the actual structure. But we rent the lot, so we don't get stuck paying for garbage & water -- that alone saves us a hundred bucks a month, easily. Plus, in the state of California, mobile-home parks are rent-controlled. (My oldest offspring, the contractor, owns the structure; I pay the rent. When he completes his civil engineering degree & goes off to do whatever with that, I get the trailer . . . . . . )

Frankly, it's kinda the best of all worlds. I'm very happy with the set-up . . . . . . . . The extra expenditures on repairs & etc are made up for by the really cheap rent.

& the rent control makes it very difficult for the landlords to engage in the usual landlord tricks, especially now. We pay rent in advance, mostly, & so our landlords are currently loving us, hehehehe . . . . . . & as long as we're reasonably well-behaved, we pretty much can't get kicked out . . . . .

Of course, the mobile home thing only works well where there's pretty decent weather, which Chico has in abundance . .. . . .

Oh. & Cali also allows mobile-home parks to 'go condo' which I am kinda hoping might happen here at some point; we would most likely buy our little lot . . . . . . . Either way, we've discussed buying another trailer in this park & may do that at some point in time . . . . .

[:D]

& I'll reiterate my main point, again. Each individual (person or household) has to crunch their own numbers; there is no one-size-fits-all solution. Anyone who say either 'always own' or 'always rent' is going to be in error at least some of the time . . . . . . .



Fadingthought -> RE: Cheaper to rent or to own a house? (5/16/2009 12:46:35 PM)

Lot of extra costs associated with owning a house that people don't factor in.  Insurance is higher, property tax, utilities, interest, etc.   I just moved from Washington state, property tax there was 4000 a year, I could rent a very nice condo for 9000 a year.  Plus you restrict your ability to move if you need to, to perhaps cut costs.  Maybe you have a new job and you have to sell your home, renting it is far easier.
Plus you could take all that money and invest in the market, and the bargains that are out there right now, that is an excellent idea.




camille65 -> RE: Cheaper to rent or to own a house? (5/16/2009 3:04:47 PM)

I'm currently working myself into a tizzy over the whole Own vs Rent debate. At the moment I rent, and I hate it! I hate that it is so noisy and the neighbors are on the icky side. Sure they are being evicted.. but what about the next group in? With renting there is really no control over that, with buying you at least know that they need to maintain a certain level of income which usually means a certain level of behavior.

It feels like I am tossing 800 every month down the drain with nothing to show for it.

My problem though is that I can't physically maintain the exterior or yard of a home. It is unlikely that I will be able to work full time, so my income won't be going up. I am still a newcomer to this city and I don't know the solid areas vs the downward transitioning areas nor do I trust a realtor on this.

Do I invest everything  left from the sale of my Michigan house into ownership again?
Or do I continue to rent? I can't afford to rent in the area I really like, but I can put over 50% down in cash and make mortgage payments that are less than my current rent.

Sigh. I have only a couple of weeks to figure it out (which is why I haven't been online in so long).

Seriously, any advice is beyond welcome.



Termyn8or -> RE: Cheaper to rent or to own a house? (5/17/2009 12:14:23 PM)

cami, if it's your lease expiring lighting the fire under your feet and you are serious about buying, usually they will let you go on month to month after, as you look for a suitable property. This usually means a slightly higher rent for those months, but you can leave on any given month end and keep your good credit.

Now anyone relocating to a new city, I would recommend they rent for a year. In that first year you go meandering about the new town and find out where the good areas are. YOU must be familiar with the area, an agent has a vested interest in getting you to buy unless you hire one as a buyer/broker. But when you go check out the neighborhoods, make sure to go by at night. That is what tells you how iit is.

T



NorthernGent -> RE: Cheaper to rent or to own a house? (5/17/2009 12:22:22 PM)

Buying definitely. Always better to get in when the prices are low, as the investment will make a return in the long term.



funsunday -> RE: Cheaper to rent or to own a house? (5/17/2009 12:47:54 PM)

the old rule was to buy if you are staying in the same place for more than 5 years.  you would come out ahead.even after paying closing costs, property tax, and agent commissions.

but these days housing prices are still artificially inflated. 

(choose a city)

http://mysite.verizon.net/vzeqrguz/housingbubble/

http://mysite.verizon.net/vzeqrguz/housingbubble/los_angeles.html

so rent is the way to go.  unless you can get a house for pre 2002 prices. 



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