Don't Make Enough Bread To Buy A Home Brehs

[cleanface coney]

Living in the hills is actually desirable in Cali...we also don't share backyards. Now the small square footage, yea

gimme 20 thousand ia call unc he can make u a hill from scratch, big as you want too

sike naw lol

shiiit prolly not everywhere but some parts people share backyards thats crazy

i aint even gone get into the sq footage, some people like small ass houses i guess

 

[DPresidential]

Also...

DO NOT be mislead with respect to space.

In big cities... the most valuable commodity is transportation options. Not how many rooms, amenities, or backyard space.

To go back to my own experience... Fort Greene where I lived was connected to the 1, 2, 3, 4, A, B, C, D, F, G, N, R, and Q trains. Not to mention the Atlantic Terminal LIRR.

The ability to go anywhere in NYC where MTA's subway fingers are... PRICELESS.

Which is why I encourage residents who live in East New York near Broadway Junction to KEEP their property. There are not many places that serve as a central public transportation hub.

So PSA for other big cities:

If there are areas that are not developed and abandoned by the elite, and those areas have places that serve as a potential central public transportation hub... KEEP. BUY. KEEP.

 

[Blessings]

great thread

 

[NoChillJones]

Truly depends on the home type. Ya credit ya APR..lots of things...too any variations to make such a broad statement.

 

[KinksandCoils]

This is exactly why I could careless about ever being a home owner. I much rather be able to call the maintenance man to fix shyt and it be out of the complexes pocket not mine.

Everyone always wants to believe that owning a home is cheaper in the long run than renting, not necessarily and this is coming from someone currently paying a mortgage. Just last month one of the trees in my front yard was struck by lightning and fell into my drive way and part of the main street, I had to pay $1000 damn dollars to have the city come out, cut the tree and remove it, a $1000 fukn dollars….A couple months before that happened, my hot water heater went out and busted, ended up having to pay $1532.94 exact for a new heater plus installation and ontop of that I had my mortgage due 2 days later which was another $1200 gone just like that…owning a home has its perks but so does renting..In the long run, the person that owns will spend more than the person renting and getting evicted is a lot better than getting forclosed on..Again, coming from a home owner..

 

[mcdivit85]

They trying to make 2 classes, super rich and struggling.

They're succeeding

Peace

 

[PrnzHakeem]

Y'all trip me out with preferring to rent long term rather than buy. Maybe I've turned into a bougie nicca but for me to rent the kind of bare minimum spot I want would cost me $3000 a month. My mortgage is slightly higher than that for triple the space, and land.

Y'all renters be the ones to complain about getting pushed out due to gentrification cuz you don't own ya spot.

I don't get it

Edit : My comments are less applicable to those living in hyper markets such as LA, Bay, and NYC. Y'all are screwed

 

[Malta]

Near Cabrera on the northern coast.
40 tareas...mas o menos

Wanted to buy the land my grandfather near in Juan Lopez back in 2003 but the fam was bytching about money. You know how that goes.

My mom is trying to buy her grandmothers house near Moca (it's owned by relatives).

Oh, so you already got your escape planned huh

 

[itsyoung!!]

 

[mcdivit85]

I take any research like this with a grain of salt. Because they generally have an "ideal home" in mind when they do these types of studies.

And by "ideal", I mean


There's plenty of people who don't make great incomes who own homes. Now, they may own homes in less than trendy neighborhoods, but they're still homeowners. And that's what makes me less than trusting with these types of studies and their numbers. Because something tells me they're looking at "desirable" or "trendy" neighborhoods when doing this research. As if the only homes to buy are in these locations. As if there aren't homeowners in South Side Chicago or Northwest DC or North Philly.

Peace

 

[mcdivit85]

It's like the type of articles that say you need to make XYZ to "live comfortably" in a particular city. Like the one below.

You need to make $108,092 a year to live comfortably in D.C., report says

I always want to ask the writers/researchers, what exactly do you mean by "live comfortably"? Does that mean living in a big downtown condo? Does that mean eating out 2-3 times a week at mid to high end restaurants? Does that mean sending your kids to private school? Does that mean driving a luxury car?

No one ever puts these types of statements in context. And I surmise that that's because it may break apart their argument.

For example, I used to date a chick in DC. Her salary was in the mid 60s...and this was at least five years ago. She had a nice size 1 BR/1BA apartment in a nice building right outside DC. By outside DC, I mean from the train station in the middle of DC to her spot was about 15 minutes driving city streets...not highway. Was she rich? No, but was she comfortable? From what I saw and experienced, yes.

I just find these "studies" to be funny style at times with some of the narratives they push. Are some cities more expensive than others? Sure. But are they unliveable unless you make $100K? I doubt it.

Peace

 

[D-NICE]

Everyone always wants to believe that owning a home is cheaper in the long run than renting, not necessarily and this is coming from someone currently paying a mortgage. Just last month one of the trees in my front yard was struck by lightning and fell into my drive way and part of the main street, I had to pay $1000 damn dollars to have the city come out, cut the tree and remove it, a $1000 fukn dollars….A couple months before that happened, my hot water heater went out and busted, ended up having to pay $1532.94 exact for a new heater plus installation and ontop of that I had my mortgage due 2 days later which was another $1200 gone just like that…owning a home has its perks but so does renting..In the long run, the person that owns will spend more than the person renting and getting evicted is a lot better than getting forclosed on..Again, coming from a home owner..

As a homeowner, I can't agree with this post more. You have to be able to afford a home, not just be able to pay the mortgage, cause it ain't if but when is something going to fukk up or need a repair and they always seem to happen at the same time. Sometimes I wish I could just call someone up and not even worry about paying for it.

Also people have to be careful when they buy. I basically got a rental property now because the first house I owned I bought right before the market crashed in 2008 and I would have lost a ton of money selling. Its just now getting back to its original value.

 

[WaveCapsByOscorp™]

RENT EVERYTHING

at least cars. cars depreciate quickly. it's better to lease even with the different rules

 

[Malta]

It's like the type of articles that say you need to make XYZ to "live comfortably" in a particular city. Like the one below.

You need to make $108,092 a year to live comfortably in D.C., report says

I always want to ask the writers/researchers, what exactly do you mean by "live comfortably"? Does that mean living in a big downtown condo? Does that mean eating out 2-3 times a week at mid to high end restaurants? Does that mean sending your kids to private school? Does that mean driving a luxury car?

No one ever puts these types of statements in context. And I surmise that that's because it may break apart their argument.

For example, I used to date a chick in DC. Her salary was in the mid 60s...and this was at least five years ago. She had a nice size 1 BR/1BA apartment in a nice building right outside DC. By outside DC, I mean from the train station in the middle of DC to her spot was about 15 minutes driving city streets...not highway. Was she rich? No, but was she comfortable? From what I saw and experienced, yes.

I just find these "studies" to be funny style at times with some of the narratives they push. Are some cities more expensive than others? Sure. But are they unliveable unless you make $100K? I doubt it.

Peace

The article in this thread is talking about BUYING homes, not about just living comfortably, it's about buying a home.

 

[pete clemenza]

Live in California like me brehs

c/s

I'mma buy something in the South in a few years