Tagged: Airstream Goals
This topic contains 30 replies, has 25 voices, and was last updated by 
SolidusX 2 years, 3 months ago.
- AuthorPosts
What I don’t get is that some MGTOW even think that owning is better than renting an apartment.
The ONLY reasons you should EVER buy a home is if you know you like the neighborhood and are going to live in it for the rest of your life. Otherwise, it’s a f~~~ing stupid idea.
Unless you bought your home in the 60s/70s/80s, and have it completely paid off and aren’t planning to move, it’s not worth it anymore to be a home owner.
There are hidden costs to home-ownership such as insurance, property taxes, maintenance, and lawn care. In some areas, lawn care alone can cost up to $300 dollars a month.
You also have to worry about pest control, mold inspections, old infrastructure, and repairs.
The idea of a starter home is also f~~~ing retarded. Sure, you may make a profit off of your home. But, you may also lose a big chunk of profit from your home whether or not you end up renovating it. It’s all a big f~~~ing gamble that’s way too risky.
When you rent an apartment all you have to worry about is your utilities, internet, and of course, rent. I can end up paying $4000 dollars a month on a studio apartment and still come out cheaper than someone who pays $4000 dollars a month for a mortgage.
Why? Mainly because of property taxes and higher interest rates with mortgages.
The only pro I see to owning a home is that you’ll be able to customize it to your needs and desires. But, for me, renting is a hell of lot cheaper. And if you get laid off of your job, you can end up moving out to a cheaper apartment if you need to in order to save up money at the end of the month.
You’re still stuck with your house if that happens.
i like to move around from city to city, especially when i’m changing my job location….therefore renting is the way to go for me…
Cheers…MGTOW is not a movement, it is a way of life.
There is not such thing as buying in this day and age. There is only renting. The only question is if you are renting to the government, or renting to a private individual and government.
Do you realize when you rent you pay all the costs of home ownership + a landlord is making a profit off you? Landlords aren’t altruistic people willing to rent properties at a loss just to give you a place to stay…they’re in it for an investment and want a return. The only reason not to cut out the middle man, the landlord, is if you plan on moving within a few years.
I bought a condo about 10 years ago…my mortgage + taxes + condo fees were originally about 630 a month while rent was about 700. The highest its gone after taxes going up and condo fees going up was to about 680 a month. Paid off, I Just have the condo fees and taxes so it will cost me 350 a month. Meanwhile the girl across the hall is renting a similar unit for 850 a month. I love that extra 6k a year going into my pocket instead of a landlords!
Why? Mainly because of property taxes and higher interest rates with mortgages.
This part really got me though lol. Do you realize, when you pay rent, the landlord is taking some of that money and paying property taxes? Property taxes are the same whether the property is a rental or a primary residence. And the interest rates? Do you realize they are at historical lows?
The only reason not to cut out the middle man, the landlord, is if you plan on moving within a few years.
I can give you another reason.
Here in a suburb of Seattle, median family income is around 60K a year. A middle-of-the-road starter house in the same area is about 400K.
That’s a 6:1 income to purchase price, well WELL above the 2.5:1 ratio that for years was the gold standard in terms o likelihood of repayment.
Now,if I were to buy a house now, I would need at least 5-10 years of “normal” appreciation in order to basically break even with closing costs, interest etc.
The problem is, I’d be depending on someone from the millenial generation to buy my house. The most broke and indebted generation in, well, human history.
Now consider who I’d be buying from – likely a baby boomer. This is a generation who as a whole have not saved anywhere close to adequately for retirement. In many cases the only “retirement plan” is the “equity” in their house.
It’s a demographic and economic ticking time bomb as things like retirement, medical costs not covered by medicare, etc creep up.
This all adds up to a whole lot of older people who really need to sell, and a whole lot of younger people unable (or unwilling) to buy.
Somehow I doubt that Gen X will take up the slack.
Then it becomes a game of “whoever drops their price and sells first, wins.” Self reinforcing deflationary spiral ensues.
Oh, and the Chinese, who in some areas have been 70% of new purchases the last few years or so, are probably out of the game now for quite some time. Among other reasons, the government there is putting the serious kibosh on the currency exports that have been keeping, or at least greatly helping to keep, our market floating the last few years.
Also, the original problems that caused the 2007 housing crash were never really addressed. See my original point about the price to income ratio.
Until we the the market resolves some of these issues (it will one way or another), buying a house right now is EXTREMELY risky, at least in most overpriced urban areas.
The risk premium doesn’t come close to being matched by the expected gains at this point.
My $.02
"Data, I would be delighted to offer any advice I can on understanding women. When I have some, I'll let you know." --Captain Picard,
I’m a rent guy. Some day I will buy a house, but that’s when a few things happen:
*The cashflow cost per month is the same or less.
*I am no longer at risk of needing a high income job that would force me to leave the area.
*I find a house that wasn’t built for a woman. It should appropriately be listed as a garage with an attached house.Do you realize when you rent you pay all the costs of home ownership + a landlord is making a profit off you? Landlords aren’t altruistic people willing to rent properties at a loss just to give you a place to stay…they’re in it for an investment and want a return. The only reason not to cut out the middle man, the landlord, is if you plan on moving within a few years.
I bought a condo about 10 years ago…my mortgage + taxes + condo fees were originally about 630 a month while rent was about 700. The highest its gone after taxes going up and condo fees going up was to about 680 a month. Paid off, I Just have the condo fees and taxes so it will cost me 350 a month. Meanwhile the girl across the hall is renting a similar unit for 850 a month. I love that extra 6k a year going into my pocket instead of a landlords!
Why? Mainly because of property taxes and higher interest rates with mortgages.
This part really got me though lol. Do you realize, when you pay rent, the landlord is taking some of that money and paying property taxes? Property taxes are the same whether the property is a rental or a primary residence. And the interest rates? Do you realize they are at historical lows?
Same can be said about the government and property taxes. When you own a home, the landlord then becomes the government. If you don’t pay up on property taxes, you’ll get kicked out and have your assets taken away from you.
Plus, there’s no obligations to pay property taxes + rent. Sure, the property taxes MAY be included with the rent, but either way, you’re not obligated to keep on paying them.
You can also move out whenever you want. You don’t have that freedom when you buy a house.
You’re also over looking the fact neighborhoods can become really s~~~ty in 5-10 years. If you’re renting, you can avoid all that. If you’re buying, you have to deal with all the s~~~ty elements that come with a s~~~ty neighborhood.
Buying is way too risky. I’m gonna rent until I’m dead. Or, until property taxes are abolished.
I suppose both have positives and negatives. Although I rent, I have ambitions to won a home one day, and turn it into a man cave. The whole goddamn house. Although, I think we all have to ask ourselves why we want to buy and own a home in the first place. I have no shame in admitting that I see it as the stock standard American Dream.
The thing is, you’re told by people that it’s just “what you do.” Like marriage, you’re just supposed to do it. So, keep that in mind fellas, there’s a whole economy built around this “American Dream” mentality, and there’s also an economy built around the moment the dream turns into a nightmare. That is to say, when you get divorced, foreclosed on, ect.
So do it because you want to buy, not because society has told you. It’s all over, owning a home is a sign of maturity, progress,adulthood, ect. Don’t believe it, it can be a money trap just like college and marriage. Be aware of the risks involved as well as some of the benefits of both owning and renting. Just like you have to weigh the risks of dealing with women. Caution is advised.
Feminism is a movement where opinions are presented as facts and emotions are presented as evidence.
I bought for different reasons. I needed space. I now have a workshop where I can work on projects. I also have half an acre, which I use for a large garden and my greenhouse. My house is relatively off grid. My small solar array feeds back into the grid so I get a small 30.00 to 50.00 check each summer month from the power company. (I think they hate me.) I have propane and wood heat.
I paid off the morgage fast. So I own outright. Still, as has been said I am “renting” from the government. No avoiding that. Adding the basic utilities I am paying 625.00 per month in “rent”. I could be off grid but that causes problems with local and state governments and they are “regulating” to kill off-grid living. So it better to practice “Greyman philiosophy” and stay off the radar.It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.
Since I’m a man I don’t need much to live off of. Just started a new job that added half again to my income. My expenses are the same so most of that increase will go into saving to build a retirement house. Don’t need much just 4 walls a fireplace and some land.
Like everything it depends what you want.
Freedom to travel get a knapsack or a mobile home.
Freedom to change jobs at the drop of a hat rent.
Freedom to renovate or live secluded in comfort buy a home.
and everything in between. There is no wrong answer. Just make sure you know what you want and what you’re willing to give up to get it.Yep. I agree, there are benefits to owning land and a house. But, if you’re speaking from a financial standpoint, it’s much better to rent. Especially if your career field depends on you going and or living in the city just for a job.
The only pros you have in my mind to owning your own house and land is that you can do what you want with it. You can’t do anything you want in a rental property.
However, renting is easier and cheaper especially if you’re younger and don’t know where you’ll be in the next 5 years.
I also read an article some where that people move about every 5 years or so. Or, most people anyway.
If you had the money to pay cash, and you still had a bunch of cash left over afterwards… then sure why not.
Just don’t fool yourself into thinking it’s an “investment”.
Rentals are nice but there are downsides. The US government is the biggest debtor nation in the history of the world, and homeowners are the easiest target to tax the p~~~ out of.
DEMOGRAPHICS!!!
Look at the number of baby boomers dying, compared to how many young families are being started. Wayyyy more diers than buyers. Stay clear unless your cool with p~~~ing money away.
Not my property... Not my problem
In my opinion, It’s all about goals gentlemen. set a goal of where you’d like to be and where you see yourself, then purchase, lease, rent etc. as it appropriately fits with your goal(S).
As of this month I have 52 more child support payments left and then I will walk away from adult existence. I have made the decision to purchase an Airstream Eddie Bauer Series 25′ camper. Beside a camper payment and child support I don’t owe a motherf~~~er a gawt damn thing. Well, I owe my buddy forty bucks, but that will probably be repaid mtn. bking this summer in beer and fees. I’ll get a P.O. Box wherever my daughter is and then i’m getting the f~~~ off of this ride.
Goals gents, set them and stay disciplined to achieve them.I rent where I work and buy in another country I plan to retire to for investment.
I did it about 3 years ago before the local government enact a law that foreigners buying property must buy not lower then 1 million of the local currency.
The property rise up to twice of my buying price then drop to 1.5 of my buying price. The local government have little real estate tax. The house monthly cost is about 2500, before the economic downturn, the rental can match the cost, but currently I can only rented it out for 1800 in the local currency.
Considering how cheap is the local currency, how little I have to pay and that the value of the house is 1.5 times my buying price. I think it is a good investment, and the prices and rental will go up in time.
There is a lot of research require if you plan to do that.
I rent close enough to where I work so I do not need to buy a car and spend more in maintenance / petrol / bank interest. You cannot skim on the car if you buy to stay. Renting + no car is much cheaper then owning.
There is no magic in MGTOW, just recognition of the truth and logical decision how to avoid dangers. The red pill is but the truth, it is no magical potion. Do not think in this modern world men have no longer have natural enemies, men are prey to women and government.
Same can be said about the government and property taxes. When you own a home, the landlord then becomes the government. If you don’t pay up on property taxes, you’ll get kicked out and have your assets taken away from you.
Plus, there’s no obligations to pay property taxes + rent. Sure, the property taxes MAY be included with the rent, but either way, you’re not obligated to keep on paying them.
You aren’t getting out of property taxes as long as you want a roof over your head. I really don’t care if you pay the government directly or pay your landlord who pays the government with your money, its the same s~~~. Yeah maybe you “aren’t obligated to pay taxes” if you rent, but guess what, if you don’t pay your rent you end up on the street so whats the difference?
You can also move out whenever you want. You don’t have that freedom when you buy a house.
Right…but this doesn’t change that owning long term is cheaper than renting long term. Yeah renting does have some pros but the financial aspect of it compared to owning is not one of them.
Here in a suburb of Seattle, median family income is around 60K a year. A middle-of-the-road starter house in the same area is about 400K.
That’s a 6:1 income to purchase price, well WELL above the 2.5:1 ratio that for years was the gold standard in terms o likelihood of repayment.
This argument holds absolutely zero weight without also looking at what it would cost to rent such a house. If its costing 3500 a month to rent it, its not exactly like renting saves you money. Its not like your options are buy a 400k house or live in a 400k house for free lol.
This all adds up to a whole lot of older people who really need to sell, and a whole lot of younger people unable (or unwilling) to buy.
If mass numbers of millennials want to rent and not buy, it just means other millennials will gladly buy properties and make a killing off all the suckers who think they are saving money by renting, we all aren’t broke idiots lol. If property values drop due to low demand for buyers and rents stay the same/go up due to high rental demand…it just makes being a landlord all the more lucrative. I’ve no interest in landlording now but if I was buying properties with 50% cap rates in year 1, hell yeah I’d do it, and I doubt I’m the only one smart enough to figure out how awesome that would be.
However, renting is easier and cheaper especially if you’re younger and don’t know where you’ll be in the next 5 years.
Lol its not cheaper. Read the article. Find me something with some math the proves a life time of renting is cheaper than owning. Its easier if you move often, yeah, but its certainly not cheaper.
At the very core of it when you rent you pay all the cost of ownership plus your landlord makes a profit off you…how on earth you think think a lifetime of paying ownership costs plus a premium to the owner is cheaper than just paying ownership costs is beyond me. I’d really like for you to explain that one.
In my opinion, It’s all about goals gentlemen. set a goal of where you’d like to be and where you see yourself, then purchase, lease, rent etc. as it appropriately fits with your goal(S).
I agree. If you plan on moving around a bit, then yeah, its not worth it to buy. If you plan on settling down somewhere, you are p~~~ing away a lot of money by not buying.
There are too many factors involved to say that one is better than the other. And the biggest factor would be having a woman listed on the mortgage.
Regarding the “Starter Home” argument. Those “Starter Homes” are ALWAYS in demand. I sold mine this year, it spent 1 day on the market. $2K over asking price, so a “Starter Home” isn’t bulls~~~. Just for s~~~s and giggles I looked on Zillow at the properties for sale around me, $175K and under, no inventory unless you want to live in the hood.
“You can just move away from an apartment at any time.”
Yes that’s a benefit, but the way the housing market is now in the US, if your house isn’t in the hood or not in disrepair, you will sell it. It is a great time to sell right now in the US, not a good time to buy though. Just like any market, buy low, sell high. Also, breaking a lease on an apartment, you would have to pay some buy-out costs.
If you can find a home that is completely updated and doesn’t need new appliances or repairs, that would be ideal. (Good luck) AC units, washers, dryers, hot water tanks, all that s~~~ breaks down eventually and you’ll have to pay out of pocket to repair/replace. But landlords know exactly where the markets are, and they make up for those repair costs in their rent. Everything costs money and just because you don’t see a line on a bill that says “Repair Costs” doesn’t mean you aren’t paying for them. Same with taxes. Every property owner pays taxes, including landlords for apartments and condo’s.
After looking at Zillow and realizing that the one home I liked would cost about $20,000 off the bat for the down payment and updates, I decided to continue to rent for the time being. Who knows what the market will be like in a few years. But, the housing market does seem to be more stable than other markets, even after the crash in 2008. It’s not a bad investment to purchase a property. It’s also not bad to rent a place and squirrel away leftover $.
Another thing to think about when purchasing a home is the worrying about protecting the property. That s~~~ sucks when your neighbors are pieces of s~~~ who don’t take care of their property.
The one thing I really do miss about the home, is being able to sit out back with a beer and have a fire going on a Friday night.
You buy when the homes are cheap, you rent when they are expensive.
If you DONT KNOW if they are cheap or expensive, RENT.IF you cannot tell how to judge the next 5-10 years what the prices of homes will do, then Renting is the better choice.
Its not rocket since, but every time I tell someone to math to calculate the odds of prices going up or down, it seems like you are asking them to take it in the ass.
Its their own money and they will just blindly follow the trend.
Well, worse for them, better for me.There have been some solid pros and cons mentioned already so I will forego regurgitating them. I currently do both. A couple years ago while stationed in San Diego I bought a fixer upper and after doing the remodel myself I transferred to a new area and I am currently renting it for double my mortgage. Home ownership is a necessary component of any decent retirement plan. You cannot work forever but you will always need a place to live. Plus, who wants to deal with landlords, associations, or neighbors for the rest of their life? Personally, going my own way includes sovereignty over my home.
What value does a woman offer a man that he cannot get cheaper and easier on his own?
I was explaining to my mother the other day. She has been renting her home for 10 years. Taking the amount of money she has paid in rent is roughly 170K. The home she lives in is worth 230K. In less than 4 years she could own the home.
However she has nothing, the owner has paid off the home and is making money off her rent. The home has gone up in value by 5K from what he bought it for years ago (he over paid but that was an inflated market).
My mother told me she would be stuck in her home. I told her that she is not stuck, she can sell or rent the home. If she decided to rent the home out (assuming she paid it off) and put $500 a month of the rent into an account each month for repairs etc… that she would have roughly $800 extra in income. She could then move to some new place and buy a home without touching her actual income. She could then pay that home off, rent it or sell it.
I learned all this while in the military from the higher ranking enlisted guys who owned 4-6 housed and were doing well for themselves. They bought a home in each area they were stationed.
I made friends with one guy, he owned 7 homes all paid off, all providing him with roughly 1k extra in income a month. He was making $7k off rent from the homes, had an escrow account for home repairs with well over 50K in it, and the military was paying him roughly $4500 a month plus his housing allowance etc… All in all he was an E6 clearing over 11K a month… I wanted that too.
Renting is giving someone your money and in the end, you have nothing to show for it.
If a man does his best, what else is there? -George S. Patton
I would say it depends on your goals in life and the city you live in.
I live in Sydney, Australia. We have one of the biggest property bubbles in the world right now. An average house costs AUD $1.xx million right now.
I don’t have the minimum 20% deposit to get a home loan and neither can I afford all the upfront costs such as renovation and stamp duty.
Renting is definitely cheaper than buying at the moment.
My goal is to retire at or before 40. I want to build a house that will be designed for my needs and likes. I plan to move to a cheaper place to do this.
I will buy one day but the time is not right at the moment.
- AuthorPosts
You must be logged in to reply to this topic.
921526
921524
919244
916783
915526
915524
915354
915129
914037
909862
908811
908810
908500
908465
908464
908300
907963
907895
907477
902002
901301
901106
901105
901104
901024
901017
900393
900392
900391
900390
899038
898980
896844
896798
896797
895983
895850
895848
893740
893036
891671
891670
891336
891017
890865
889894
889741
889058
888157
887960
887768
886321
886306
885519
884948
883951
881340
881339
880491
878671
878351
877678
