Home Ownership

Luther-Burnett · 2018-01-04T00:02:50+00:00

It's important to realize that the math is separate for each transaction. It's possible to find deals in out of the way places that others find too small. For example: house hacking, duplexes, places where building a small, off-grid home are allowed.

There is no hard and fast rule.

Booshank25 · 2018-01-04T02:24:51+00:00

off-grid-renewable-MGTOW-monk here. i live in cali. 15mi from civilization.
every year, pay 90$USD to the county for property tax.

taxes; MGTOW avoids them at every opportunity

collegeITstudent · 2018-01-04T01:29:29+00:00

[deleted]

Shitlord_Unbound · 2018-01-04T07:15:18+00:00

Not everybody is a globe trotter. People can be tied to a place by family, career or choice. If you have some stability in your life and if you don't live in one of those insane booming areas where prices are out of whack then buying can be a good idea. But don't buy a damn mansion and certainly don't buy something that takes 30 years to pay off.

I bought a house last year and I expect to pay it off in 2020. At that point my cost of living will go down to almost nothing and I will have all kinds of freedom. Maybe I'll change careers, maybe I'll finally start that business I've been thinking about, maybe I'll think about early retirement. In other words, for me, rather than being an anchor holding me down home ownership will be the firm foundation on which I, as a fairly risk adverse person, can flourish.

If someday I need to move so what? I bought in a great neighborhood at a good price, I would get my money back out without much trouble.

As for yardwork and maintenance. I actually love this stuff. Mowing, raking, tinkering around the house; this is a meditation for me. If the HVAC craps out in a few years then shelling out $5K will suck but I figure I'm still ahead.

Being "nimble" as he calls it does have some advantages but it also has costs. Rent or buy, I ain't going anywhere so why pay for flexibility that I'm not going to use?

collegeITstudent · 2018-01-03T23:53:06+00:00

Robert Kiyosaki says this too. He wrote Rich Dad Poor Dad and explains exactly how and why wealthy people are wealthy and why most people are not.

Good post man, and I hope many here watch this video. Assets and debts. A house is a debt unless it is bringing you cash flow. Everyone needs to follow this advice if they are tired of paying the government first and want to build assets.

Long_Range_Shooter · 2018-01-04T00:44:25+00:00

It all comes down to Location, Location, Location. I have a vacation condo on the beach in FL and it has been appreciating about $50K a year. Yes I took a hit in the 07-13 but by 2016 it was back to the 2007 values. It's jumped roughly $100K over that in 16-17. It's still worth six times more than what I paid for it in 1987.

My home has jumped at least 37% since I bought in 2011. I'm being conservative on that one at the moment, it may be more based on home sale prices around me.

I know people that have bought homes that are lucky if they're breaking even with the purchase price five to ten years out. I have known a few people that told me what a great deal they got. Ten years later they couldn't sell that supposed good deal for what they paid even with improvements.

One of my employees boyfriends just bought a foreclosure last March and bragged how he stole the house. Really I went back through the property records online which included all the homes on the street. Most of these homes in the late nineties to mid 2000's were selling in the 175-180K range. He paid $76K, and the houses around his have been selling in the 90K-120K range over the last four years. He didn't research the area before buying, otherwise he probably wouldn't have bought the house. It's an old dying community and he doesn't know that yet. The subdivision where it is located was built in peak population of the area in the early 1980's. Since then the mills closed, the coal mines have been closing down and people are moving out for a better opportunity's and to be closer to their jobs.

Do your research, neighborhood, schools, make up of the people living in the area. Look at the historic home prices over say the last fifteen years and find a stable and appreciating market to purchase.

You also have to look at the buying verses renting equation. I would be very nervous to buy in say southern California or Silicon Valley with their extremely high home prices.

Finally the guy in the video is a dime short and a day late. Between 2009 and 2014 there were some killer deals all across Florida when the housing market crashed. You could pick up a nice home or condo for at low as 30 cents to 50 cents on the dollar. My neighbor sold his condo for 1/2 of what they're selling for today, in 2012.

ransay3277 · 2018-01-04T01:31:00+00:00

Excellent link OP. We need more diversified (OMG Feminist lingo) topics.

collegeITstudent · 2018-01-04T12:59:16+00:00

loving your own comment on youtube

into the trash it goes

also, peace of mind >>> being cheap as fuck and renting till you die

Title	Home Ownership
Author	collegeITstudent
Upvotes	15
Comments	30
Date	January 3, 2018 11:37 PM UTC (8 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/7nyrlt/home_ownership/
Archive Link	https://theredarchive.com/r/MGTOW/home-ownership.612221 https://theredarchive.com/post/612221

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