Is buying a house in your 20s really a smart idea?

[Suleiman Bey]

So you're saying you don't know any people who don't live in shyt homes?
Also why are people in here acting like homeowners are paying tens of thousands of dollars a year in repairs?
If you're that afraid of something breaking, get a fukking home warranty, this isn't brain surgery.

Of course people live in shyt homes. That wasn't my point.
It's not about paying tens of thousands every year. But I hear people crying about how they gonna pay for their new fridge or oven or whatever. If ya shyt break in ya apartment, tahts up to them to fix or replace and if they don't you can skip rent, can you skip a mortagge payment because yout fridge don't work? Ya hot water heater stopped working.
It's all in what you want to do and what you can afford.

For me I thought about buying a home, but the areas I can afford to live comfortably ain't worth shyt. For the same amount I can rent an APT in a much better area.

 

[BaldingSoHard]

Of course people live in shyt homes. That wasn't my point.
It's not about paying tens of thousands every year. But I hear people crying about how they gonna pay for their new fridge or oven or whatever. If ya shyt break in ya apartment, tahts up to them to fix or replace and if they don't you can skip rent, can you skip a mortagge payment because yout fridge don't work? Ya hot water heater stopped working.
It's all in what you want to do and what you can afford.

For me I thought about buying a home, but the areas I can afford to live comfortably ain't worth shyt. For the same amount I can rent an APT in a much better area.

at skipping rent. Cats just saying any damn thing to justify their side.

In cases where the landlord skimps on their obligations, you have to continue to pay rent, but you can put it in an escrow acct where the landlord can't access it until they make satisfactory repairs. After the escrow company has determined that repairs were made, they release the funds to the landlord.

Spoiler

"You can just skip rent!!"

Spoiler

Man I love the coli sometimes.

 

[Suleiman Bey]

at skipping rent. Cats just saying any damn thing to justify their side.

In cases where the landlord skimps on their obligations, you have to continue to pay rent, but you can put it in an escrow acct where the landlord can't access it until they make satisfactory repairs.

You can skip rent. Just like you can skip paying cable bills on outages. Not skip but you make deductions. You can also break your lease/contract or threaten to and get a free month. Can't do that with ya mortgage company, you still owe what you owe.

 

[Art Barr]

Only time youre really getting tax breaks is if you dont make any money or you pay a ton in property taxes/interest.

Dudes are ignoring this thread is about a 20 YR OLD.

People mention mortgage is less than rent yet have yet to talk about having to be 100% responsible for maintaining and repair of your home.

Yall can listen to these goofs if you want but like i said if you are just looking at rent vs mortgage cost you definately are not ready to buy a home. You HAVE to Examine YOUR situation and all these goofies talking about THEIR SITUATION as if it is the Standard yall are going to be set up to lose.

I enjoy being a home owner but I damn sure wont talk like its a simple task. My mortgage is less than what i have paid in rent in the past yet owning a home has been much more expensive.

A person in their 20s has to factor in unforseen cost, their career because at the end of the day you may get a better opportunity elsewhere and having to worry about selling your property or rent it out is another beast in itself.

Like i said, listen to these goofies of you want

Thank you, for this.



Art Barr

 

[BaldingSoHard]

You can skip rent. Just like you can skip paying cable bills on outages. Not skip but you make deductions. You can also break your lease/contract or threaten to and get a free month. Can't do that with ya mortgage company, you still owe what you owe.

...while owning what you own.

 

[Art Barr]

As a recent homebuyer, no.

If you are not going to be living somewhere for a long time, or you don't have the $$$ to do maintenance, or you are buying in an area on the decline, shyt's not gonna go well.

Another epic entry in the this series.


Art Barr

 

[Suleiman Bey]

...while owning what you own.

if you owe you don't own shyt....

 

[BaldingSoHard]

if you owe you don't own shyt....

Damn. I never thought of it like that.

All this equity... worthless.
The freedom to customize the home any way I want.... worthless.
Not having to pay rising rental costs.... worthless.

I should've rented, brehs.

 

[Art Barr]

00000000000000000000000000000022

This esp since most folks ain't no damn house flippers. They buy their house to live in for the rest of their lives or the majority of it so that's why I don't really look at it as an investment. It just sounds good to cats IMO.

Thank you,....
nikkaz talking out of date shyt the great recession phased out that is not relative to success anymore because they eliminated it from being an area to succeed.
Plus when they or this changes.
it is a real estate mogul paying for these stories to get you to invest in their scheme.

It is just like baseball cards before steroids.
Before roids big money baseball card owners stimulated the baseball world by paying for pr to make other investors and people of interest pay attention.
So, you could have a Ben McDonald upper deck orioles double negative logo go for hundreds. Which was a ploy to make money off a mistake. Or a guy like Kevin maas gets hot and the card is worth fifty dollars. Now after roids,...where is all the profit from baseball cards season to season.
Now, you need a Mickey mantle rookie to make money in baseball cards and any old card shop either moved into collectibles. Or is dead like every mom and pop in the strip mall they inhabited.

Stop falling for the pr manipulation of outdated old pr from investors.
The home buying market is going to reach a point where government or a transit authority type like the cta own all the land.
Waiting till they can re-gentrify with reverse white flight.
Yet, these companies are not making anything in large volume to disperse in wealth or in large influx to everyone else.
Plus they have fake profits built from downsizing and using revenue as a false profit.
The people who run this world are going to make this shyt into some oddball over exorbent dollar amount base.
Like rand, or some third world poverty based capital and have you hoping for a food packet for high end parts like star wars.

Gon have us, out in the desert bringing in scrap for a muffin,.....
A muffin my nikka,.....
The people who run this world liked Rome and they are going to make this future Rome and we are the street rats.

Art Barr

 

[Art Barr]

... If you are black and trying to play the "my house is an investment" game you will lose every time. If something is not generating income then it is not an investment imo"

What has being black first have to do with anything with buying a house other than posting a retarded link? True, we as blacks are disefranchised, but that doesn't mean we can't make moves and get a foot hold in life.

Second, a house IS an investment. If you are buying a house to keep and maintain for you to live and retire in OR you plan on using it as a means for rental property - EVEN if you break even, is it still in investment? Yes! Why? Because the renters are paying the mortage for you, therefore, the renters are building equity in your home. You have a home in your name that someone else is paying for, even if you dont see a dime direclty hitting your own bank account it still growing in equity.

that's why he giving out bad advice.

I already broke down in this market about owning a house and renting it out.

Art Barr

 

[Art Barr]

You can skip rent. Just like you can skip paying cable bills on outages. Not skip but you make deductions. You can also break your lease/contract or threaten to and get a free month. Can't do that with ya mortgage company, you still owe what you owe.

Dude must be young and did not live the housing crisis which was brought about on by predatory lenders.


Art Barr

 

[Suleiman Bey]

Damn. I never thought of it like that.

All this equity... worthless.
The freedom to customize the home any way I want.... worthless.
Not having to pay rising rental costs.... worthless.

I should've rented, brehs.

Equity is worthless. The fukk you gonna do take a loan against it? What if the property value plummeted?
Oh, you gonna customize it with a home equity loan right?
And you can haggle if you want or you can choose not to renew your lease..

 

[LEEeveryday]

Imagine if we all did that. But you gonna have to buy a shyt home and basically be a slumlord unless you know how to do repairs yourself. You not gonna see the money you think you are for a while.

See...that's why we don't all do it. Looking for the quick come up. I'm in this for the long haul. I already own, planning renovations to increase my places value, even further, before I buy another home., and repeat the process.


It's chess, but too many people don't even wanna make the first move.

 

[BaldingSoHard]

Equity is worthless. The fukk you gonna do take a loan against it? What if the property value plummeted?

Is it worthless when I sell? What if the property value doubled?

Oh, you gonna customize it with a home equity loan right?

No, why would I do that when I can just use cash?

And you can haggle if you want or you can choose not to renew your lease..

You really wanna spend the rest of your life haggling with your landlord over cost of living increases? Do you even understand the point you're making right now?

 

[Field Marshall Bradley]

If you're that afraid of something breaking, get a fukking home warranty,