Why would you buy two cars when living in an apartment?
I have to wonder about this. My neighbor was bitching last year about how high his VW Jetta payments are, like in November when I first got here. I go out into the parking lot today and what do I find? My neighbor in a brand new full size Titan pickup.
Not only that, but he still has the Jetta, says "The Jetta just gets better gas mileage and it's better for commuting". He said he got a 5,000 dollar bonus from work so he wanted to get something to offroad with.
Uhm, how much does a new Titan cost? This guy should have bought a 5 year old 4 wheeler for about a grand instead of what, a 30,000 dollar pickup? He and his wife have 2 small kids too.
Wouldn't it be better to buy a HOUSE to raise your kids in? I know a lot of people don't have a choice but this guy was complaining about not having enough money for one car payment, now he has two. Blah. Crazy
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Quote: Originally Posted by Bella Lugrossi
good thing this isn't a race to see who's smarter.
that would make sense but there are alot of civilians that dont have there priorities(sp?) straight. my friend does the same shit he needed a new car but instead spent money on laptops cell phones gay shit that isnt needed that he already had. luckly his grandma died so he was able to get a new car from money that was passed on
that would make sense but there are alot of civilians that dont have there priorities(sp?) straight. my friend does the same shit he needed a new car but instead spent money on laptops cell phones gay shit that isnt needed that he already had. luckly his grandma died so he was able to get a new car from money that was passed on
dont think he feels lucky bout his grandma's death
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Quote: Originally Posted by FastSpecV
It rubs the lotion on its skin. It does this whenever it is told.
that would make sense but there are alot of civilians that dont have there priorities(sp?) straight. my friend does the same shit he needed a new car but instead spent money on laptops cell phones gay shit that isnt needed that he already had. luckly his grandma died so he was able to get a new car from money that was passed on
dont think he feels lucky bout his grandma's death
ha ha i know but he does he got his 6k debt paid off also. he makes me laugh evertime cause he was bothered for like ten minutes then after he found out about his $$$ everything was all in well
that would make sense but there are alot of civilians that dont have there priorities(sp?) straight. my friend does the same shit he needed a new car but instead spent money on laptops cell phones gay shit that isnt needed that he already had. luckly his grandma died so he was able to get a new car from money that was passed on
dont think he feels lucky bout his grandma's death
ha ha i know but he does he got his 6k debt paid off also. he makes me laugh evertime cause he was bothered for like ten minutes then after he found out about his $$$ everything was all in well
LMAO. . . who ever said that money cant buy u happiness????
well some people would rather live in a place where they dont have to worry about taking care of it but then he should have bought a condo. that way he would get some money back when he decided to sell it.
I have heard other people around this same apartment complex say they don't want "the baggage" of buying a house, this particular lady has lived here for FIVE years, at 1400 a month... holy crap, I swear people don't realize how much money that is over time and how you are basically flushing it down a toilet when you live in an apartment.
Ya its an investment alright. If you don't have a need for a house (IE, a yard, garage, (possibly) more square footage) then really you don't need to buy one.
I don't know what your housing market is where you are. For an example our last apartment me and my wife lived in was 1100 sq. ft. and were paying $600 a month, plus maybe about $30 a month for utilities. Now we have a 3000 sq.ft. ($150K for perspective) and this last year our house payment and escrow (@ 6.125% Interest Rate) was $1600 a month...it should do down to about $1300 this year since the taxes will have settled. We have a 24 year loan, so that $1300 x 288 = $374,4000, plus all the utilities we have now. I would like to point out it would take over 50 years with that $600 apartment payment just to catch up to what I'm going to pay on the house.
And I know what your gonna say, well you could just pay off the loan early. Well the reality is that most of America does not do that. Plus the taxes on my house are $4400 a year...even if I paid off the house and it was "mine" and I didn't have any insurance on it would still cost me $360 a month (4400 / 12) to live in "my" house forever.
Now we got the house because we wanted the space, I wanted the garage, and because we could afford it. But it is by no means a "great choice" for everyone. A guy at work asked me about getting a house, he's about my age (25), and he's like Is it true you have to pay this, this, and that? and I told him all the stuff we have to pay and what it costs every month and I think he is rather happy living in apartment now.
Me and my wife still joke about all the nice shit we would have if we were still only paying $600 a month for that apartment....that was 2 blocks from work as opposed to 55 miles now
i had 4 cars in a apt complex and i will NEVER go back to a apt living......unless its free and has a garage but other then that i love having a house the property taxes suck but you kinda get it back in income tax shelter its great
Ya its an investment alright. If you don't have a need for a house (IE, a yard, garage, (possibly) more square footage) then really you don't need to buy one.
I don't know what your housing market is where you are. For an example our last apartment me and my wife lived in was 1100 sq. ft. and were paying $600 a month, plus maybe about $30 a month for utilities. Now we have a 3000 sq.ft. ($150K for perspective) and this last year our house payment and escrow (@ 6.125% Interest Rate) was $1600 a month...it should do down to about $1300 this year since the taxes will have settled. We have a 24 year loan, so that $1300 x 288 = $374,4000, plus all the utilities we have now. I would like to point out it would take over 50 years with that $600 apartment payment just to catch up to what I'm going to pay on the house.
And I know what your gonna say, well you could just pay off the loan early. Well the reality is that most of America does not do that. Plus the taxes on my house are $4400 a year...even if I paid off the house and it was "mine" and I didn't have any insurance on it would still cost me $360 a month (4400 / 12) to live in "my" house forever.
Now we got the house because we wanted the space, I wanted the garage, and because we could afford it. But it is by no means a "great choice" for everyone. A guy at work asked me about getting a house, he's about my age (25), and he's like Is it true you have to pay this, this, and that? and I told him all the stuff we have to pay and what it costs every month and I think he is rather happy living in apartment now.
Me and my wife still joke about all the nice shit we would have if we were still only paying $600 a month for that apartment....that was 2 blocks from work as opposed to 55 miles now
Why would anyone want to pay off the loan early? You get tax refunds in regards to the interest you pay for your loan if you set it up right. That's one benefit the government gives taxpayers who own properties.
WOW! i thought the average price was 700k for a piece of sh#t. Oh I forgot I live in the Bay area where they rape you with the prices of old piece of shit houses. Oh I live in an apartment again after the divorce. But I get to keep all 4 of my cars. No payments. Lets not talk insurance OK
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Why would you buy two cars when living in an apartment?
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