Originally posted by: SagaLore
WOAH that is nice! :shocked: I take back what I said - get that house. It's in cayuga county - is that near Cayuga lake?
It's a few miles west of it, about half-way down.
Originally posted by: SagaLore
WOAH that is nice! :shocked: I take back what I said - get that house. It's in cayuga county - is that near Cayuga lake?
Originally posted by: alm4rr
whose name is the apartment in?
ps - put the real estate in your name
Originally posted by: Jumpem
Originally posted by: SagaLore
Holy crap, my wife and I combined make half of that, we own our place and own decent cars.
Actually to be honest, we sold our house a year ago because we didn't like the limited cash flow and it was hard paying off what debt we had. So we bought a 2br mobile for really cheap, put it on a lot with cheap lot rent, and paid off all our debt within 6 months. Now we're putting everything into savings so we can have at least a 20% downpayment on our next house. My wife has a 97 honda civic and likes her car, I got a really good deal on my 04 Dodge Neon - both cars are standards and economical on gas.
Maybe you're trying to live too high a standard of living? My suggestion is wait on getting a house. Pay off all your credit card debt (don't worry about school loans), and save up for a down payment. Learn to budget your money. Don't buy unreasonable cars.
I'd like to emulate you. I'm thinking about putting our cars up for sale and getting cheaper ones. The main thing killing our budget beside the cars is CC debt and student loans. Like I've said, those combined are probably $15k year we'll be paying.
Originally posted by: buck
How far from a real city is that?
Originally posted by: Jumpem
Originally posted by: SagaLore
Holy crap, my wife and I combined make half of that, we own our place and own decent cars.
Actually to be honest, we sold our house a year ago because we didn't like the limited cash flow and it was hard paying off what debt we had. So we bought a 2br mobile for really cheap, put it on a lot with cheap lot rent, and paid off all our debt within 6 months. Now we're putting everything into savings so we can have at least a 20% downpayment on our next house. My wife has a 97 honda civic and likes her car, I got a really good deal on my 04 Dodge Neon - both cars are standards and economical on gas.
Maybe you're trying to live too high a standard of living? My suggestion is wait on getting a house. Pay off all your credit card debt (don't worry about school loans), and save up for a down payment. Learn to budget your money. Don't buy unreasonable cars.
I'd like to emulate you. I'm thinking about putting our cars up for sale and getting cheaper ones. The main thing killing our budget beside the cars is CC debt and student loans. Like I've said, those combined are probably $15k year we'll be paying.
Originally posted by: Jumpem
Originally posted by: mugs
oi... your bad decisions make my head hurt.
Expound on what exactly my bad decisions are. I know I've made them, but what in particular are you pointing out?
Originally posted by: SagaLore
Based on what you're making, if you do that, and stick to a budget and put everything into savings for the next few years, you'll have much more than 20% down payment for a nice house. Ideally what I want to do is have at least 50% towards my house, and get a 15 year mortage - which will really cut down on total interest paid. But my wife's biological clock is ticking so I don't know if I can wait that long.
Originally posted by: mugs
Quick questions: how much are her CC balances, are you paying more than the minimum payment each month, and have you paid attention to how much the balance goes down each month?
Originally posted by: Jumpem
Originally posted by: mugs
Quick questions: how much are her CC balances, are you paying more than the minimum payment each month, and have you paid attention to how much the balance goes down each month?
We've been paying more than the minimum. We paid off a handful of store cards with relatively low balances. She has a card left with about $7500, and one with I think $2-3k.
I haven't been watching the balances each month. I just made a list of them and what their APR's are. I've been putting extra towards the highest ones.
Originally posted by: SagaLore
Based on what you're making, if you do that, and stick to a budget and put everything into savings for the next few years, you'll have much more than 20% down payment for a nice house. Ideally what I want to do is have at least 50% towards my house, and get a 15 year mortage - which will really cut down on total interest paid. But my wife's biological clock is ticking so I don't know if I can wait that long.
Originally posted by: Jumpem
Originally posted by: mugs
Quick questions: how much are her CC balances, are you paying more than the minimum payment each month, and have you paid attention to how much the balance goes down each month?
We've been paying more than the minimum. We paid off a handful of store cards with relatively low balances. She has a card left with about $7500, and one with I think $2-3k.
I haven't been watching the balances each month. I just made a list of them and what their APR's are. I've been putting extra towards the highest ones.
Originally posted by: CrimsonChaos
Don't listen to these people talking about marriage. If you're in the right relationship, then you're probably already "married" in your mind. Contrary to what has been said here, marriage does NOT make separating easier. Whether or not you're married, it's not easy splitting off from someone who you've spent so many years with and making mutual purchases and choices with.
Marriage is simply a legality. And when does "legalities" ever simplify anything? I'm not saying marriage is a bad thing, but it definitely isn't a priority. If you don't trust that you or your girlfriend will stay committed, then you aren't with the right person to begin with. Concentrate on fiscal responsibility first -- then worry about marriage.
Also, I realize this is the "house of your dreams", but you also said it was appraised at $110,000 -- about $50K below asking price. I would highly advise against overspending by $50K for any house, even if it is the house of your dreams. Do you have any idea why it's being listed so overpriced?
Originally posted by: Viper GTS
Just like to point out that 6 months of driving old(er) cars with liability only insurance & you'd probably save enough to pay off all that CC debt.
My car costs me $63 a month in insurance (liability + comp, no coll). That's it. Everything else is strictly based on use. You've got to be putting out what... 10x that for the STi alone?
Viper GTS
Originally posted by: Jumpem
Originally posted by: Viper GTS
Just like to point out that 6 months of driving old(er) cars with liability only insurance & you'd probably save enough to pay off all that CC debt.
My car costs me $63 a month in insurance (liability + comp, no coll). That's it. Everything else is strictly based on use. You've got to be putting out what... 10x that for the STi alone?
Viper GTS
Probably more than only six months, but I definitely agree with your point.
Yeah, the STi is $528 plus $100 for insurance. If I got rid of it I could save some money. I'd still need to have a car payment for something else. Even if it was a cheap car for $150 a month. Then I would still need full coverage on it. so I could save money, but I'd still be spendin 1/3 to 1/2 what I am now.
Originally posted by: CrimsonChaos
Don't listen to these people talking about marriage. If you're in the right relationship, then you're probably already "married" in your mind. Contrary to what has been said here, marriage does NOT make separating easier. Whether or not you're married, it's not easy splitting off from someone who you've spent so many years with and making mutual purchases and choices with.
Marriage is simply a legality. And when does "legalities" ever simplify anything? I'm not saying marriage is a bad thing, but it definitely isn't a priority. If you don't trust that you or your girlfriend will stay committed, then you aren't with the right person to begin with. Concentrate on fiscal responsibility first -- then worry about marriage.
Also, I realize this is the "house of your dreams", but you also said it was appraised at $110,000 -- about $50K below asking price. I would highly advise against overspending by $50K for any house, even if it is the house of your dreams. Do you have any idea why it's being listed so overpriced?
Originally posted by: Viper GTS
The whole point of an older car is that you buy it outright.
How much of the STI do you own? Unless you're upside down if you can walk away with 2-3K you can get a perfectly decent vehicle for that. Not an STi of course but you can get a mid 90's Impreza for that.
Viper GTS
Originally posted by: iamwiz82
No bank would give you a loan that was worth more than the house is appraised at.
Originally posted by: Jumpem
Originally posted by: iamwiz82
No bank would give you a loan that was worth more than the house is appraised at.
I know, that's what the mortgage people have told me. Is there a difference between "real" appraisals, and those done by county property tax offices?
Originally posted by: Jumpem
Originally posted by: iamwiz82
No bank would give you a loan that was worth more than the house is appraised at.
I know, that's what the mortgage people have told me. Is there a difference between "real" appraisals, and those done by county property tax offices?
Originally posted by: iamwiz82
Yes, the county ones are usually significantly less than a "true" appraisal. My house differences by almost $30,000.
Originally posted by: Jumpem
Originally posted by: iamwiz82
Yes, the county ones are usually significantly less than a "true" appraisal. My house differences by almost $30,000.
Ok, that's the difference then. The realtor gave me the tax appraisal.