Buying your first home?
Registered User
Joined: Dec 2000
Posts: 1,846
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From: AOL usa.
Once your done signing your life away, it's all good. One of the best feelings you can have IMHO.
I bet in the better markets accross the country you could easily pay off your brand new s2k in one year with your equity. Not a bad move!
I bet in the better markets accross the country you could easily pay off your brand new s2k in one year with your equity. Not a bad move!
Registered User
Joined: Jun 2002
Posts: 2,587
Likes: 3
From: yes
Originally Posted by Swiftvision,Sep 29 2004, 04:22 PM
Yea, I felt like that for a day........then I reliased that society has been tricked into signing over there lives to the Federal Gov. Sorry to burst the bubble...only took me a month to see the truth of it all.
Beroz
Registered User
Joined: Apr 2004
Posts: 519
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From: Hockeytown!!!
I was scared $hitless the day I bought my house (JoeKing can attest to that). After a while, when you settle in, the knot in your stomach loosens up. In the end, it's the best way to go. As long as you don't put more into it than it's (or the surrounding houses) worth, you'll always come out on top. Renting just throws money away...and you still have to cut the grass 
BTW S2000raj.....
I like the house!
BTW S2000raj.....
I like the house!
Former Moderator
Joined: Nov 2001
Posts: 59,195
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From: Ventura, California, USA
Originally Posted by svtmach1,Sep 30 2004, 07:17 AM
BTW S2000raj..... I like the house!
I like the house!
Registered User
Joined: Jun 2003
Posts: 612
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From: Louisville
Originally Posted by Swiftvision,Sep 29 2004, 05:20 PM
I just bought a nice new house....
I think buying a house is a bad idea...
RENT!
It's a waste of money and gook luck being able to save up for anything....oh yea, and you'll make money .... in like 10 years! Figure how much you have put into the house at that point ..... It's not that great.
I think buying a house is a bad idea...
RENT!
It's a waste of money and gook luck being able to save up for anything....oh yea, and you'll make money .... in like 10 years! Figure how much you have put into the house at that point ..... It's not that great.
You shouldn't be giving this kind of advice.
Real estate is consistently a fantastic investment as long as you keep it five years in nearly every period over the past 90 years. I have been in my house for a little over 5 years the value has gone up realistically $120k. I can guarantee that few brokerage accounts are up this much in the same time frame.
Plus, I get the deduction on the interest. If you rent, someone else gets that deduction as a business cost. Not to mention, the additional equity that I have from simply paying down the mortgage.
Rates are still low...BUY!
