Feb 10, 2022·1 reply
OooYou’re a home owner right sir? So apparently owning a home is cheaper than renting cause the mortgage is only 60 dollars more than rent? Can you confirm that for me? So why don’t more people just buy homes than rent are we just stupid?
God you're so dumb
Feb 10, 2022·2 repliesOooYou’re a home owner right sir? So apparently owning a home is cheaper than renting cause the mortgage is only 60 dollars more than rent? Can you confirm that for me? So why don’t more people just buy homes than rent are we just stupid?
Average rent here is like $600. Some places let pay for either electric or water. Last place I rented they paid for the water and I paid for the electric. The property didn't have gas and renters insurance is like $25 if you tell them you have a fire extinguisher. I didn't have to worry about maintenance of the place, if anything broke I would just call the landlord and someone would either be out that day or the next. Didn't have to worry about the area around either.
My mortgage is like $1030. My house was $150k and I put $10k down for a 30 year using an FHA. Insurance and property tax is included in that payment. If anything breaks in my house I have to pay for it. Appliances, tile, holes in the wall, water leaks, etc. I have to maintain the property IE mow the yard. Also pay all of the utilities electric, gas, internet.
The thing is eventually your property will earn you money, if you see it as an investment and take care of it. So in the long run it can make you money, if you sell it.
- Feb 10, 2022·1 replyScratchin Mamba
God you're so dumb
Oh yeah this place is Reddit now I forgot my /s at the end for you
- Feb 10, 2022Ooo
Oh yeah this place is Reddit now I forgot my /s at the end for you
Oh no i got the sarcasm
Feb 10, 2022·1 replyUndecidedAverage rent here is like $600. Some places let pay for either electric or water. Last place I rented they paid for the water and I paid for the electric. The property didn't have gas and renters insurance is like $25 if you tell them you have a fire extinguisher. I didn't have to worry about maintenance of the place, if anything broke I would just call the landlord and someone would either be out that day or the next. Didn't have to worry about the area around either.
My mortgage is like $1030. My house was $150k and I put $10k down for a 30 year using an FHA. Insurance and property tax is included in that payment. If anything breaks in my house I have to pay for it. Appliances, tile, holes in the wall, water leaks, etc. I have to maintain the property IE mow the yard. Also pay all of the utilities electric, gas, internet.
The thing is eventually your property will earn you money, if you see it as an investment and take care of it. So in the long run it can make you money, if you sell it.
How do u know ur current home would be worth 600 in rent?
- Feb 10, 2022·1 replyARCADE GOON
How do u know ur current home would be worth 600 in rent?
Where did I say that?
- AR15 💯Feb 10, 2022
- Feb 10, 2022·1 replyUndecided
Where did I say that?
Because you are making an argument that rent is cheaper in the long-run. Otherwise your post is useless
- Feb 10, 2022·2 repliesUndecided
Average rent here is like $600. Some places let pay for either electric or water. Last place I rented they paid for the water and I paid for the electric. The property didn't have gas and renters insurance is like $25 if you tell them you have a fire extinguisher. I didn't have to worry about maintenance of the place, if anything broke I would just call the landlord and someone would either be out that day or the next. Didn't have to worry about the area around either.
My mortgage is like $1030. My house was $150k and I put $10k down for a 30 year using an FHA. Insurance and property tax is included in that payment. If anything breaks in my house I have to pay for it. Appliances, tile, holes in the wall, water leaks, etc. I have to maintain the property IE mow the yard. Also pay all of the utilities electric, gas, internet.
The thing is eventually your property will earn you money, if you see it as an investment and take care of it. So in the long run it can make you money, if you sell it.
Ah I see. Thanks for the input. With that said could a person who could barely afford a 1050 amount for rent buy your house? Because the mortgage is cheaper than renting?
and I was just told you shouldn’t use your property as investment why? I have no idea.
- Feb 10, 2022Ooo
Ah I see. Thanks for the input. With that said could a person who could barely afford a 1050 amount for rent buy your house? Because the mortgage is cheaper than renting?
and I was just told you shouldn’t use your property as investment why? I have no idea.
No because the first thing that f***s up on the house the person wouldn't be able to afford repairs.
- Feb 10, 2022·3 repliesARCADE GOON
Because you are making an argument that rent is cheaper in the long-run. Otherwise your post is useless
Not in the long run no, because there's no end to the rent. At least with a mortgage there is an ending in sight.
- Feb 10, 2022Undecided
Not in the long run no, because there's no end to the rent. At least with a mortgage there is an ending in sight.
Also the maintenance argument is kind of moot because the landlord will just include that in the rent price
Feb 10, 2022OooYou’re a home owner right sir? So apparently owning a home is cheaper than renting cause the mortgage is only 60 dollars more than rent? Can you confirm that for me? So why don’t more people just buy homes than rent are we just stupid?
Buying a home is cheaper in the long run with a good chance for increased value vs renting is cheaper in the short term with accessibility and easy access to move out.
Renting is basically paying for someone's mortgage
- AR15 💯Feb 10, 2022Ooo
Ah I see. Thanks for the input. With that said could a person who could barely afford a 1050 amount for rent buy your house? Because the mortgage is cheaper than renting?
and I was just told you shouldn’t use your property as investment why? I have no idea.
No cuz if they were struggling to pay 1k they wont have a 10 - 20k downpayment anyway.
Feb 10, 2022·1 replyARCADE GOONYou're telling me a private corporation wants to make profits?
I thought all capitalists were doing charity That’s what everyone itt thinking
They heard affordable housing and think it’s really affordable housing and trying to solve homelessness lmAo- Feb 10, 2022Undecided
Not in the long run no, because there's no end to the rent. At least with a mortgage there is an ending in sight.
No idea why somebody would say it's not lmao why would people who have the option not just choose to rent if that wasn't the case
- Feb 10, 2022·1 reply
Thank you all for explaining clearly and simply to what scratching bandit does not understand
- Feb 10, 2022·1 replyDeelights_
That’s what everyone itt thinking
They heard affordable housing and think it’s really affordable housing and trying to solve homelessness lmAoNo that's not what we're thinking
- Feb 10, 2022Scratchin Mamba
No that's not what we're thinking
Not according to what I’ve read itt before I stopped reading lol
- Feb 10, 2022Ooo
Thank you all for explaining clearly and simply to what scratching bandit does not understand
- AR15 💯Feb 10, 2022
Wait til the rate hikes happens if you think houses cost too much rn. Fed said last month that itll prob start in march.
Inflated prices + Rate hikes at the same time gonna be crazy.
- Feb 10, 2022·1 reply
Nigga gets his dumbass logic exposed and calls somebody mad lol
- Feb 10, 2022
Yea I believe it Dave seems like he has bad energy
Feb 10, 2022ARCADE GOON
This is how far apart they will be
Chappelle is a dumbass.- Feb 10, 2022·1 replyOoo
Nigga gets his dumbass logic exposed and calls somebody mad lol
Undecided literally agreed with what i said dumbass