My rent went up

[funks 1]

Why the fuck are you people renting??? You might as well just fucking flush your money down the toilet, you'll get exactly the same return on it in doing so.

Seriously. Unless you are always mobile, renting is fucking stupid.

[Dumpster 0]

Haven't rented in many years - I have a two-bedroom one bath mortgage for a hair less that $1,000.00

Planning on flipping it a couple or three years and buying up. I figure by then I'll be ready for something bigger, too.

Easy Does It

[karenmeal 0]

I'll quit renting as soon as I graduate from college and get a real job.

But right now.. $850 for half a duplex with 2 bedrooms. It's a pretty nice deal, I have a garden, a nice yard and a bonfire pit to attrack drunk skydivers.

"Life is a temporary victory over the causes which induce death." - Sylvester Graham

[sunshine 2]

I rent cause i live alone and have no clue how long i wanna stay in this area. Plus i really couldn't buy a house for cheaper than my rent. I pay $245 right now, $260 starting in January. I could never ever get a mortagage payment that cheap.

___________________________________________
meow

I get a Mike hug! I get a Mike hug!

[guppie01 0]

Because I can't qualify for a 700 k loan to buy within a hundred mile radius of this fucking place!!!!



g

"Let's do something romantic this Saturday... how bout we bust out the restraints?"
Raddest Ho this side of Jersey #1 - MISS YOU
OMG, is she okay?

[funks 1]

Buying is simply a matter of how bad you want it. There will always be fucking excuses why not to buy. People would be surprised how easy it can be nowadays to buy a place.

Before you know it years are going to go by. That is years worth of equity you are just throwing away.

If you can afford rent, then you can afford a mortgage. Find a good loan officer, you will be amazed what they can do. You may not be able to qualify for that fucking castle down the street, but you can most likely qualify for something and at least that way you are building equity towards the future for when you are ready to buy that bigger house.

Or, you can just continue to pay off your landlords mortgage and help him with building his equity.

[ntrprnr 0]

$3,850 per month for a two bedroom, two bath on the 30th floor of a high-rise. Parking is an extra $242.00 per month, and that's some of the cheapest parking in the city.

Welcome to New York City. STFU and take it.

_______________
"Why'd you track away at 7,000 feet?"
"Even in freefall, I have commitment issues."

[Broke 0]

Yeah but at least NYC has rent control... find yourself a nice old lady to move in with, and you are made in the shade

Divot your source for all things Hillbilly.
Anvil Brother 84
SCR 14192

[ntrprnr 0]

Quote

Yeah but at least NYC has rent control... find yourself a nice old lady to move in with, and you are made in the shade

When I was two, my parents moved them and me out of a 2 bed, 2 bath, 39th floor with terrace rent controlled apartment on the upper west side. A few years ago I did some homework to find out how much I'd be paying if they kept it and I lived in it.

$323.43 a month.

I cried for a week. I've only recently forgiven them.

_______________
"Why'd you track away at 7,000 feet?"
"Even in freefall, I have commitment issues."

[Broke 0]

Quote

Quote

Yeah but at least NYC has rent control... find yourself a nice old lady to move in with, and you are made in the shade

When I was two, my parents moved them and me out of a 2 bed, 2 bath, 39th floor with terrace rent controlled apartment on the upper west side. A few years ago I did some homework to find out how much I'd be paying if they kept it and I lived in it.

$323.43 a month.

I cried for a week. I've only recently forgiven them.

Oh man how's that for a kick in the nuts

Divot your source for all things Hillbilly.
Anvil Brother 84
SCR 14192

[Amazon 7]

Quote

My most recent landlord (before I bought my house) sounds a lot like yours. Once he has a renter in, he doesn't raise the rent; he waits till that renter moves to raise it to market rates.

I did some property management for my Uncle when I was in college. He would never raise the rent on someone.. ONe woman had been in the same apartment for 35 years and was still paying less than $100 a month... and it was a very nice apartment overlooking the river. Uncle Bob always thought it was the right thing to do for people.

[cloudseeker2001 0]

Quote

When I got married, we rented a one-bedroom third floor walkup apartment with no A/C. We paid $118 per month for the year we lived there.

That was back in 1971...

In 1971 my parents paid 178$ a month for a 4 bedroom house on a huge lot......2 years ago that house sold for almost 300K! This is in Houston where property is still affordable-but probably not for long though.

I pay 595$ a month for a small and really neat townhouse.

"Some call it heavenly in it's brilliance,
others mean and rueful of the western dream"

[rmsmith 1]

Quote

Im with NW, I have a mortgage of$1800 a month...

Is that a 30-yr fixed?

[Muenkel 0]

And on the flipside, I have a 1000 sq. ft. apartment. My rent is $0.00 and I love my landlords.

Truth is, I live in an apartment above my parent's garage. They don't need the money and they know I have been dipping into savings since I got broken in 2003. Oh and I do have the use of a comfortably heated garage.
My plan once I get back to work and get off disability is to have a house custom built. I've already picked out the land.

Chris

_________________________________________
Chris

[BlueSkiesKel 0]

one of the biggest reasons the Bay Area Sucks!!

2 brdm apt, halfway in the ghetto, $1850 freakin a month !

I miss Florida so much! I had a house twice as big, with a two car garage, a deck, a bball court and a yard for half that!
GRRR...

[bhammond 0]

first off you have a pretty foul mouth and a condescending attitude that is just as bad... there are many reasons people are not buying a home right now... number one is a declining real estate market
although that is a concern of mine , my number one issue is here where I am real estate tends to stay on market for over a year , I am waiting to settle into the job market and make sure this is where I want to be, so just so I am clear, it is my position that you DONT know everything and have a big mouth.... now prove me wrong and apologize to everyone for being a ass....

[karenmeal 0]

Good point.

"Life is a temporary victory over the causes which induce death." - Sylvester Graham

[ladyskydiver 0]

Current rent - $0.00. Yep...live with mom while going to school full-time.

Will I buy when I move on to vet school? No frickin' way!!!!

1) Won't be able to afford a house while on the salary I'll make as a full-time vet student......sorry...salary had me laughing for a minute or two.

2) Chances are greater than 99% that I will not get a job where I go to vet school.

3) A person needs to stay in their house between 3-5 years to make it a good return on investment. Until I know for sure that I'll be staying someplace for longer than 3 years, won't spend the $$ to buy a house.

Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

[Muenkel 0]

Yeah, what Karen just said.

Chris

_________________________________________
Chris

[ahegeman 0]

I've rented out property before, and a good tenant is a dream. As a landlord, if you get a good one you don't want to let them go. I'd rather forego a rent increase than lose a good tenant, have the place empty for 3 months, then end up with some nightmare tenant that doesn't pay rent then trashes the place before you finally get them evicted.

Being a good landlord to a good tenant is a good idea. Call it enlightened self interest.

---------------------------------------------------------------
There is a fine line between 'hobby' and 'mental illness'.
--Dave Barry

[PhreeZone 20]

I rented for 7 years before buying my own place. My rent was about half my mortage rigfht now. If you count all the bills I get from Home Depot, Lowes and everything else I keep finding that needs improving around here I figure I'd be most the way to a paid off car and student loans by now.

That said the market is falling in town and its looking at a 5-7 year break even point now so who knows when I'll actually have equity worth anything in this house.

Yesterday is history
And tomorrow is a mystery

Parachutemanuals.com

[Muenkel 0]

Bingo!!!

My dad owns many properties that he rents/leases. Over the years, the line I think I've heard most from his mouth is 'I think it would cost me less if I just pay the good tenants to stay put'.

Chris

_________________________________________
Chris

[Armour666 0]

Quote

Why the fuck are you people renting??? You might as well just fucking flush your money down the toilet, you'll get exactly the same return on it in doing so.

Seriously. Unless you are always mobile, renting is fucking stupid.

not all people can save the down payment in some cases it's 25%

SO this one time at band camp.....

"Of all the things I've lost I miss my mind the most."

[Armour666 0]

Quote

I've rented out property before, and a good tenant is a dream. As a landlord, if you get a good one you don't want to let them go. I'd rather forego a rent increase than lose a good tenant, have the place empty for 3 months, then end up with some nightmare tenant that doesn't pay rent then trashes the place before you finally get them evicted.

Being a good landlord to a good tenant is a good idea. Call it enlightened self interest.

I know what you mean I have a person renting a Place I own befor I moved Cities , My brother looks after the place buts has to do jack !!!! they enjoy cutting the grass and gardening , they asked if they couyld paint and have done a great job of what they have done. I just break even with on my mortage and taxes with there rent because I cut them a break because they they are so easy to get along with. They cant buy a house to to a bankrupcy but take pride in where they live. People like that I have no problem helping out they deserve it.

SO this one time at band camp.....

"Of all the things I've lost I miss my mind the most."

[matt1215 0]

Quote

Bingo!!!

My dad owns many properties that he rents/leases. Over the years, the line I think I've heard most from his mouth is 'I think it would cost me less if I just pay the good tenants to stay put'.

Chris

Amen to that, there are people out there you really don't want to rent to. My dad's friend rented out an investment property to a guy who lived there a few years. They made an agreement at some point to the effect of a rent cutback to pay for improvements to the place.

When he told his tenant he was coming out to see the improvements, the guy moved out and torched the place .