Jersey Shortie Posted September 21, 2008 Posted September 21, 2008 It's a question where she is trying to gauge your status. It's a tacky question and I never ask men this question. This kind of stuff comes out and to be honest it's none of her business.
carhill Posted September 21, 2008 Posted September 21, 2008 Nah, something more manly like "The Deadliest Catch" or "Dirty Jobs" I watched "Mega-Excavators" this morning. What's more manly than moving 240 tons of dirt in one house-size sweep? I started getting ideas of how to make the house "go away" during the D
Lizzie60 Posted September 21, 2008 Posted September 21, 2008 But Liz for evey $800 you are throwing away $1200-$1400 in rent for someone else's pocket. Saving 800/month give or take (and for that you need a job that pays around 80k) save that for 10 yrs you still only save less than 100K in ten yrs and whatever little profit you can make on that. I dare anyone to sit down.. figure all the money they pay for a house VS what they would pay for a rent.. then figure it over a 10 year or 5 year period. I bet you you will have more money in the bank if you rent.. BUT in order to achieve that, someone has to be very disciplined about putting the money in the bank every month. and you don't need to make 100 k a year.. I've done both ..
djhall Posted September 21, 2008 Posted September 21, 2008 It's like Carhill said where there is a will there is a way. Well, sure, but not all of us are lucky enough to inherit the money to buy a house. Sorry... couldn't resist.
djhall Posted September 21, 2008 Posted September 21, 2008 As a point of comparison, in Cali, a 200K home is a single wide trailer? Its crazy out here.
mental_traveller Posted September 21, 2008 Posted September 21, 2008 You could always answer "Which of my homes are you referring to?"
djhall Posted September 21, 2008 Posted September 21, 2008 I think she was checking you for 'wealth'.. that's my bet.. I sometimes ask this question.. followed by : do you live alone? Why stop there when you haven't found out how much equity he has yet?
LoveDeluxe78 Posted September 21, 2008 Posted September 21, 2008 Yeah that's interesting, but I can't help you there. I too live in a city where 95% of people are renters regardless of their economic status and profession. So I could care less! In some ways, it's more expensive to rent where I live in a nice apartment then to pay a mortgage for a family home somewhere in a suburb nearby, so it really doesn't matter to me!
carhill Posted September 21, 2008 Posted September 21, 2008 is a single wide trailer? Its crazy out here. My wife only qualifies (due to the realities of how self-employment income is accounted for and treated by lenders) to buy a home of around 120K, and we have a plethora of choices in decent neighborhoods. The housing crash has affected our area very markedly, with prices, especially of distressed properties, one half to one third of what they were two years ago. Good times for those with cash to invest in real estate
Art_Critic Posted September 22, 2008 Posted September 22, 2008 I dare anyone to sit down.. figure all the money they pay for a house VS what they would pay for a rent.. then figure it over a 10 year or 5 year period. I bet you you will have more money in the bank if you rent.. You are most likely off on your assessment.. there are scenarios that can be cheaper to rent and invest the money than buy but not many.. Here is a rent versus buy calculator.. http://www.vlender.com/cgi-bin/calc/rent_vs_buy.cgi The good side of owning is also what you are buying.. a house and property I couldn't have a 400 square foot wood shop in an apartment I also couldn't afford to rent 6 bedrooms and 3+ baths Then there are the animals.. 2 dogs and a cat.. hummmmm How many apartments allow that many animals ? and if they did would you want to live there ( taking a walk would mean yuck ). Owning is more than just money.. it is a lifestyle... Some people would rather rent because it is easier.. no lawn to cut.. no home to fix or paint.. I have always owned.. but it because of lifestyle not money... Even if renting was cheaper I would own because that is how I live my life.
Tomcat33 Posted September 22, 2008 Posted September 22, 2008 Well, sure, but not all of us are lucky enough to inherit the money to buy a house. Sorry... couldn't resist. Neither did I. I did something called "saving money". Imagine that? Lizzie I did tha math I see what you are saying it can almost work out to the same if you were to do a rough estimate calculating. Of course you do have to save 800 religiously on top of your rent and other expenses and you can make the same kind of money in 10yrs. But in my case for example I love my place/lifestyle and if I had to rent considering my neighbourhood comfort and location I would be looking at 1700 month in rent alone.
djhall Posted September 22, 2008 Posted September 22, 2008 Neither did I. I did something called "saving money". Imagine that? Tomcat, read the quote above the post... Where there is a will there is a way. A will... inherit... a bad pun.
carhill Posted September 22, 2008 Posted September 22, 2008 Well, sure, but not all of us are lucky enough to inherit the money to buy a house. Sorry... couldn't resist. We have saying out here in the country that goes something like this: Give a man a fish, feed him for a day. Teach a man to fish, feed him for life -------------------------- This is the gist of the 'inheritance' I received from my father, that being healthy spending and saving habits. We're just average working stiffs. Of course, nothing in life is perfect and last few years have been a challenge. I do know some rich people though, so maybe they'll remember me in their wills
Tomcat33 Posted September 22, 2008 Posted September 22, 2008 Tomcat, read the quote above the post... Where there is a will there is a way. A will... inherit... a bad pun. Ohh gees why didn't you highlight the will part before when you quoted me. I thought you quoted me and were saying that I had inherited money. That was a good little pun :laugh: way over my head..
Author Bells Posted September 22, 2008 Author Posted September 22, 2008 We have saying out here in the country that goes something like this: Give a man a fish, feed him for a day. Teach a man to fish, feed him for life Yeah, the "saying that is out there in the country" came from the Bible.
carhill Posted September 22, 2008 Posted September 22, 2008 [/i]Yeah, the "saying that is out there in the country" came from the Bible. It's very earthy and religious out here in the country. Very homey
Tomcat33 Posted September 22, 2008 Posted September 22, 2008 It's very earthy and religious out here in the country. Very homey Yes but can you part the lake and walk on through it, hmmmmm....?
carhill Posted September 22, 2008 Posted September 22, 2008 Yes but can you part the lake and walk on through it, hmmmmm....? I do occasionally have my way with the irrigation ditch
Tomcat33 Posted September 22, 2008 Posted September 22, 2008 I do occasionally have my way with the irrigation ditch Ok as long as "irrigation ditch" is not code for strumpet, you have my full attention.
Gold Pile Posted September 22, 2008 Posted September 22, 2008 Think of the economy. I am 36 and I rent..I'm single, with no kids....but no real need to buy a home actually <shrug> 1st I'd like to say I'm sorry to everyone for using the word "failure" it wasn't the right word. Bells, If you want to retire at 67 then there is your real need. Time is slipping past. You have the sensible frugality, that is one of the keys to financial security. Homeownership, 401ks, a long term investment in stocks, and employment income are the other keys. It may turn out that now is a historic opportunity to buy homes and invest in stocks Or not;)
carhill Posted September 22, 2008 Posted September 22, 2008 Ok as long as "irrigation ditch" is not code for strumpet, you have my full attention. No strumpets are involved; simply weirs and gates
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