Don't Forget to Pay Your Rent

[miss pretentious]

it's a good thing i have a 5-day grace period to pay my rent... especially since i don't get paid until thursday.

[sonickteam2]

Originally posted by Roadbike Mankie:
   

Originally posted by le sonick:
  rent sucks.
 
 its just throwing your money away.  
 
 and no one can argue with that.

How is it throwing your money away? It's putting a roof over your head isn't it?
 
 You can currently pay a mortgage and watch your property drop in value, like most people do these days, or pay rent and invest the difference in a profit making investment. [/b]

i think the number of people who's property value is going DOWN is a LOT less than "most".
 
  I would assume that somewhere in the US property value is going down, but in most places, its going up...sure not as fast as it once was.  but its going up and so is rent, by the way.
 
  my mortgage payment is cheaper than any apartment i've had since 1999.
 
  i guess i just have my situation to look at. but if you dont have the money to pay rent and invest money...why not invest money in the place that you live?

[Charlie Nakatestes, Japanese Golfer]

Both of us made a profit on that one.    
 
 

Originally posted by econo:
  .
 
 Markie has a photo of both of you shaking hands.
 
  qb]

[/b][/QUOTE]

[HoyaSaxa03]

Originally posted by le sonick:
  rent sucks.
 
 its just throwing your money away.  
 
 and no one can argue with that.

except for economists and people who actually study this kind of stuff
 
 http://www.nytimes.com/2007/04/11/realestate/11leonhardt.html?ex=1178164800&en=9facf6b120f77fca&ei=5070
 http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?ex=1178164800&en=030cb4c6466792a7&ei=5070

[nkotb]

Let this be a lesson, econo.  You are an idiot for paying rent.  Now thank sonick for the sound advice.
 
 

Originally posted by le sonick:
  rent sucks.
 
 its just throwing your money away.  
 
 and no one can argue with that.

[sonickteam2]

Originally posted by nkotb:
  Let this be a lesson, econo.  You are an idiot for paying rent.  Now thank sonick for the sound advice.
 
   

Originally posted by le sonick:
  rent sucks.
 
 its just throwing your money away.  
 
 and no one can argue with that.

[/b]

HEY HEY HEY!!!
 
 i never said that. i throw my money away on other shit, just not rent! my comment was directed at rent...not econo..dont put words in my mouth.
 
    :mad:

[Charlie Nakatestes, Japanese Golfer]

Not that my specs mirror anybody else in the DC area, but I put my info into that calculator and it said that buying is better then renting after ONE year, and it only gets better over time (unless the market plummets in the future).
 
 

Originally posted by Hoya Paranoia:
   

Originally posted by le sonick:
  rent sucks.
 
 its just throwing your money away.  
 
 and no one can argue with that.

except for economists and people who actually study this kind of stuff
 
  http://www.nytimes.com/2007/04/11/realestate/11leonhardt.html?ex=1178164800&en=9facf6b120f77fca&ei=5070
  http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?ex=1178164800&en=030cb4c6466792a7&ei=5070 [/b]

[sonickteam2]

Originally posted by Charlie Nakatestes,Japanese Golfer:
  Not that my specs mirror anybody else in the DC area, but I put my info into that calculator and it said that buying is better then renting after ONE year, and it only gets better over time (unless the market plummets in the future).
 
   

Originally posted by Hoya Paranoia:
     

Originally posted by le sonick:
  rent sucks.
 
 its just throwing your money away.  
 
 and no one can argue with that.

except for economists and people who actually study this kind of stuff
 
    http://www.nytimes.com/2007/04/11/realestate/11leonhardt.html?ex=1178164800&en=9facf6b120f77fca&ei=5070  
    http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?ex=1178164800&en=030cb4c6466792a7&ei=5070   [/b]

[/b]

and this data that was used to make this article...like most "statistical" data is PURELY how you read it. anyone who's even taken a statistics class knows theres 19 ways to spin any set of data.
 
   if my mortgage is $900 a month for a rowhome...and in my neighborhood, they are being rented for $800.  what am i supposed to do with that extra $100 a month that would make it better than owning?  and what happens in 2 years when my rent is $900 anyway?  
 
   perhaps if you're talking about people buying $700K homes and still have liquid assets and stuff, maybe then you can make an argument how real estate isnt the "best investment" but for someone who pay under 100K for his house in 2005 and houses are selling for over 200K in 2007..i just dont believe renting is better, and i dont believe i am in some wicked lucky situation uncommon to other people in the US!!!!

[thirsty moore]

You're bull930 aren't you.
 
 

Originally posted by le sonick:
 and i dont believe i am in some wicked lucky situation uncommon to other people in the US!!!!

[xneverwherex]

and to think i have rent due in nyc and paying a mortgage down in virginia. ah the insanity.
 
 on that note - anyone need a place to live. like all things in the area, its not cheap but its a great place    
 
 2BR/2BA condo + huge loft (big enough for a pool table not sure how anyone can possibly get it up there). if interested - email me for details.

[sonickteam2]

Originally posted by econo:
  You're bull930 aren't you.
 
   

Originally posted by le sonick:
 and i dont believe i am in some wicked lucky situation uncommon to other people in the US!!!!

[/b]

wait, what does that mean?

[vansmack]

Originally posted by xneverwherex:
  and to think i have rent due in nyc and paying a mortgage down in virginia. ah the insanity.

Finally.  Somebody who has it right.  Own income bearing property.  Use the income to pay your mortgage and less or equal rent elsewhere where you possibly can't afford to buy. It's a perfect tax scenario.

[sonickteam2]

Originally posted by vansmack:
   

Originally posted by xneverwherex:
  and to think i have rent due in nyc and paying a mortgage down in virginia. ah the insanity.

Finally.  Somebody who has it right.  Own income bearing property.  Use the income to pay your mortgage and less or equal rent elsewhere where you possibly can't afford to buy. It's a perfect tax scenario. [/b]

something i plan on doing in a few years!  

[vansmack]

Originally posted by le sonick:
  something i plan on doing in a few years!    

Done right, you may never have to work again...

[sonickteam2]

Originally posted by vansmack:
   

Originally posted by le sonick:
  something i plan on doing in a few years!      

Done right, you may never have to work again... [/b]

i am probably doing it on a smaller level than that.  but if my plan works...when i am ready to retire in my 50's, i'll have 2 or 3 houses being rented to supplement my income nicely.