Chad “Ochocinco” Johnson’s Million Dollar Home Foreclosed Over $8,000 HOA Fees

[Hiphoplives4eva]

Why is a millionaire athlete fukking with HOA in the first place :dahellwhat:

I'm just a hundred thousandnaire and when I went to buy my first home the very first rule I had was "no HOA loans. no HOA ANYTHING."

I refuse to believe a person with that much disposable income is fukking with HOA in any way shape or form:dahellwhat:

REFUSE:dahellwhat:

What are you talking about. Home Owners Associations are in most organized communities. He isn't paying his dues it seems. Has nothing to do with loans. His house is likely paid off.

 

[jwonder]

Can't laugh at Chad. He's a cool dude. Met him several times when I lived in Dade. Before and after he got famous. HOA aint no joke. I was a Treasurer of mine when I lived in Miami. Them Cubans hated my black ass, because I would pull the trigger to foreclose after 3 months of not paying HOA fees.

 

[klientel]

Respect Lynch and Gronk even more now.

Fear of going broke would be on my mind constantly if I was a pro player but some of these dude just don't give a fukk.

 

[Kalik]

I intentionally bought my home in a nonHOA street, near HOA neighborhoods. (burbs)

 

[Responsible Allen Iverson]

Any good recommendations?

If you don't know anything about investing you will want to read up on it first, so here is a good article to start with: http://www.mrmoneymustache.com/2011/05/18/how-to-make-money-in-the-stock-market/

 

[Silkk]

If you don't know anything about investing you will want to read up on it first, so here is a good article to start with: http://www.mrmoneymustache.com/2011/05/18/how-to-make-money-in-the-stock-market/

I'm just looking for low risk recommendations for a roth account

 

[CanesMiamiLakers]

*lives in the hood. Don't know shyt about HOA.* I hope to one day, but I live in Miami in the hood, and they don't care how high out grass get lol

 

[Higher Tech]

Coli cats make successful investing sound easy.

Successful investing isn't really tough. Planet money just did a good podcast about am S&P index fund performing better than the top hedge funds. That's a super simple investment with no maintenance. That idea is backed by Warren Buffet, so it's solid. It's not glamorous, and you won't double or triple your money, but you will get steady gains without a lot of risk.

 

[King Poetic]

should be more like kawhi who probably built his own living space in AT&T center...

Kawhi come teach these dudes

 

[Higher Tech]

The average Joe isn't even into investing over the long haul much less a professional athlete. There are thousands of individual stocks, mutual funds, ETFs, bonds, etc to scour and sift through. Even if you have a financial guru on your team you still should be able to read your portfolio and statements. I think these guys should at least be on top of their bank accounts- money coming in and money going out- before they even talk about investing.

An index fund that follows the S&P 500 is really all you need.

 

[frush11]

Is it worth it, owning a home in this country?

 

[Danie84]

...in highschool you was the mane homie

 

[beejus]

Is it worth it, owning a home in this country?

Depends on where you live. What's the job market and housing market look in your area?

For me yeah it's worth it. Bought my house for $380K back in 2012. Zillow listed my house then for $352K and today lists my house for $533K. That's $181K in 4 years. Yeah, I know Zillow isn't 100% accurate, but the housing market where I live is if you are trying to sell.

 

[BaldingSoHard]

Is it worth it, owning a home in this country?

No matter where you're living, SOMEONE owns the property. That can either be you and you can reap the tax benefits, or the guy you pay rent to. Choice is yours.

 

[BaldingSoHard]

Depends on where you live. What's the job market and housing market look in your area?

For me yeah it's worth it. Bought my house for $380K back in 2012. Zillow listed my house then for $352K and today lists my house for $533K. That's $181K in 4 years. Yeah, I know Zillow isn't 100% accurate, but the housing market where I live is if you are trying to sell.

Sounds like Seattle. Just bought a house here in 2014 for $325k and comparables are going for ~$414k now. I'm thinking about cashing out.