Gooberlx2
Lifer
- May 4, 2001
- 15,381
- 6
- 91
Also in a very big emergency situation such as losing your job, you can always sell the house and make a decent profit with it.
Oh yes...it always works out like that.
Also in a very big emergency situation such as losing your job, you can always sell the house and make a decent profit with it.
This. Once you own a home you'll realize that covering the mortgage is only part of the cost. Properly maintaining a home and covering all the taxes/fees/insurance is not that cheap.
Oh yes...it always works out like that.
Yep. I bought a house because the mortgage was way cheaper than renting. Thought that meant I'd be paying less, but I was wrong. Hopefully I can sell it in a few years when I finish gradschool.
Well it depends....
Our northern neighbors have failed to learn from our fiasco.
Friend graduated with an undergrad from UTDallas in EE and is working at T.I. Dallas for $75k/yI don't know any newly graduated college students that can take home $50K/year AFTER taxes and health insurance (providing he/she gets free room and board, free meals, free laundry, free car allowance and car insurance, free gas, free spending allowance, free everything else from mom and dad).
Friend graduated with an undergrad from UTDallas in EE and is working at T.I. Dallas for $75k/y
Friend graduated with an undergrad from UTDallas in EE and is working at T.I. Dallas for $75k/y
... college students that can take home $50K/year AFTER taxes and health insurance...
I see nice homes that rent for around $2000+/mo.
But if you live with your parents for a couple of years and save up $150k-$200k for a down payment, you can pay less than $1000/mo for comparable or better house. And your monthly budget won't be stretched thin.
OP is the same brainiac making threads asking how to kiss a girl without leaving a hickey. Anything he says can be safely disregarded.
Also in a very big emergency situation such as losing your job, you can always sell the house and make a decent profit with it.
You forgot to mention they wear a Rolex watch. :hmm:dates supermodels (without pointy elbows), eats alternator sized steak and drives an M3 :biggrin:
OP is the same brainiac making threads asking how to kiss a girl without leaving a hickey. Anything he says can be safely disregarded.
Renters can move out at the end of the lease, and don't have to worry about depreciation.
I can't get out of my house unless I foreclose and destroy my credit, or put up $10-15k at closing.