thoughts on owning a house?

[Silverstone the SecondParticipant]

So, I have ambitions to buy a house. I’m pretty far from achieving that goal, I’m only 22. But, I was wondering how you all felt about it? From fellas that have owned homes, was it worth it? What’s the worst s~~~ you have to deal with like taxes ect. I don’t want to rent until I die, but you never know, it seems like owning a house is a money trap kind of like college.

It’s oft been said that the best way to get revenge is to prove everyone wrong. To live a happy and prosperous life without them and not only survive, but thrive. Not to mention I’d like more room to do projects and a garage for my car. Any thoughts are appreciated.

Feminism is a movement where opinions are presented as facts and emotions are presented as evidence.

[Silverstone the SecondParticipant]

PS

No intentions of ever having some bitch move in girlfriend or otherwise. I always think it’s funny when all these blue pill dudes talk about how awesome their “man cave” is. It’s either the basement or the garage. Well, if they had a pair, their whole house would be their man cave, and that’s my plan. The whole f~~~ing place will be a place for me. Not fruity female s~~~. It’s gonna be my castle. My whole damn house will be my man cave.

Feminism is a movement where opinions are presented as facts and emotions are presented as evidence.

[OneforfreedomParticipant 930]

I’m going to address this from a financial perspective. Here’s the thing. A house is a liability. Rent is also a liability. A liability is anything that drains money from you over time. This is opposite what an asset is- which produces income for you over time.

Some people will argue that a house is their greatest asset. But the thing is- an asset PRODUCES income. Between property tax, homeowner’s insurance, paying for house maintenance, HOA fees, and so much more, it’s clear that a house is not income-producing (unless you’re renting out additional rooms). Yeah, sure, you could sell the house when it appreciates in value, but what happens if the market crashes and you can’t sell?

See more in this article about it: http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/

NOW, all that said, I personally am in favor of home ownership.

*GASP*

You hypocrite, Oneforfreedom, how are you going to say that a house is a liability and then go ahead and buy one anyways?!

Well, because of the non financial factors. If I own, my mortgage stays the same while my salary increases over time. If I own, I make the rules in my house- I can have pets, I can paint the walls, etc. When you rent, you might have to deal with rent increases every year. You have strict rules governing your living.

However, what I will do is I will buy the smallest house I can find. Anything under $150,000 should be perfect and will keep the property taxes low as well.

So, in summary- both houses and rent are liabilities. But the non financial factors of home ownership make it very competitive.

[RoyDalParticipant]

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, by Robert T. Kiyosaki

The above book says it all for me. I have income from rental property to keep me solvent.

I have a house with a large yard in a semi-rural area that costs me less than a tiny rental in town would. No landlords, no rent increases, plenty of play room for my dog, plenty of mowing for me, but it’s worth the trade off.

Society asks MGTOWs: Why are you not making more tax-slaves?

[OneforfreedomParticipant 930]

RoyDal wrote:

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, by Robert T. Kiyosaki

I love that book. I read it twice.

Side note- do you personally manage your rental property or do you have a property management company do it for you? How much headache is it? Was it worth getting into rental real estate?

[Mr. SpockParticipant 10907]

I personally think owning a home is good. I bought 2 acres a few years ago at 135K in the area where I live. I live about 10 miles outside of the City I grew up in. The air is fresher and quieter and I believe long term that the value will hold. I have well water and everybody else around me does too. I personally believe that by living in the City that the taxes are higher and the houses are on top of one another which seems cramped. I also believe that at least in the City near where I live, the values won’t hold which is another reason I chose to live outside the City.

Feminism isn't about equality with men, it's about leverage over men.

[BeerParticipant 11832]

I’d own as well…its much cheaper in the long run, and you’ll probably have a lot less rules and limitations over year head. Renting you pay all the costs of ownership + the landlord makes a profit off you, and you never build any equity. I would however, not recommend buying until you have a steady job you plan on sticking around in for a while and are buying something you plan on staying in long term…its just not worth it short term unless you are buying a fixer upper to put some work into and trying to flip it.

[Silverstone the SecondParticipant]

Mr. Spock wrote:

I bought 2 acres a few years ago at 135K in the area where I live. I live about 10 miles outside of the City I grew up in.

That sounds great. From what I know, living in the country is cheaper. Most cities are s~~~ holes with overpriced s~~~, and I’m no country boy, but I’d love some peace and quiet. What about gas and commuting to work?

Feminism is a movement where opinions are presented as facts and emotions are presented as evidence.

[GrumpyParticipant]

Never never never buy a f~~~ing condo of any sort.
You have all the responsibilities of both an owner and a renter, yet none of the benefits, and a group of assholes get to make all the rules up.
I would be careful if you plan on buying and flipping properties unless you have $500k+ set aside as there are too many people and TV shows espousing that route, without advising the tax aspects for one, or the greed of people around you for another.
Once I get things fixed and sorted, I’m selling and getting the f~~~ out of Dodge, and getting property in the country. I really hate cities now, and yes I do mean HATE cities.
IMHO, anything under 40 Acres isn’t an acreage, just large yards where I still have to put up with the neighbours noise and bulls~~~.
Ultimately though, the decision and consequences are yours to make and live with regardless of which route you take.

There was a time in my life when I gave a fuck. Now you have to pay ME for it

[Jan SobieskiParticipant 28791]

The big thing is you are tied to that location for a number of years. If you get fired are there other jobs in your location?

Love is just alimony waiting to happen. Visit mgtow.com.

[kizellParticipant 368]

Owning a home is good.

Owning a mortgage is not so good.

A mortgage (especially a 30 year note) is the worst and riskiest financial decision you could make. It will greatly inhibit your long term freedom and personal growth.

Instead put your money in income producing assets.

[Anonymous 11]

Either way you will pay. Pick your poison.

I own my home mortgage free. As BM suggested do as much work yourself as possible. You will save money by not hiring neer do wells to do things you can learn for yourself. Tools are your best friends.

If renting to a roommate, make sure you make them cough up a fat security deposit as it weeds out the scum. I had a piece of s~~~ do about $2000 dollars in damages plus about 60 hours of my time dealing with the mess he made of my rental room. I live alone now.

Owning is a double edge sword. I can do whatever the hell I want with my property, but when something breaks it’s all on me.

I prefer owning as I love where I live and will not move.

[AscendedParticipant 698]

A very wise decision my friend.

I am 21 years old and am having the same thoughts. I need a place I can call home, where I can rest, where I can stay, where I can be free of worries and miseries, where I have access to the city and the internet, where I am safe and can recover. A place for me.
And I will not cohabit with anyone. This place is what I call my home, sweet home.

The biggest problem? It’s as expensive as marriage. It will take a decade to be able to do this.
It will very well be worth it because renting is the biggest expense in a common human life. If you manage to cut that, you are way ahead to become wealthier.

"We are free to follow our own path. There are those who will take that freedom from us, and too many of you gladly give it. But it is our ability to choose – whatever you think is true – that makes us human. There is no book or teacher to give you the answers, to show you the path. Choose your own way! Do not follow me, or anyone else."

[TheroniusParticipant 975]

There are trade-offs, for sure. Owning a house means you are stuck there if you can’t sell it and you want to move.
Renting makes sense if it is cheaper than buying and temporary, but it will always suck to a great extent, You can sometimes live in a place you really like that is beyond your budget for a purchase, but you won’t be saving up that money to buy. I refuse to live in a real s~~~ty area.
My experience is that the cheap place I bought was the best investment I ever made because I get to live in a place I like, and the monthly cost is a fraction of what rent would be. 2 bedrooms and baths for less than renting just a room in a s~~~ty apartment in the S.F. bay area by at least half.
Key factor: NO MORTGAGE. My place cost me 68K cash. With mortgage rates so low it looks like the money is cheap, but the low rates drive the prices way up, which drives up the taxes too.
There is a small HOA (20 units), which does suck, but I am always either the president or VP, which unsucks it a lot. The HOA fees cover the roofs and paint, the decks, snow plowing, garbage, the pool, fire insurance and alarms, pavement, and I got them to pay for all custom Milgard windows last summer, about 6 grand worth with labor, all new trim, etc. to address a water leak.
If you can live in a rural area it will be much cheaper all the way around, assuming you don’t feel the need to do all those things you can only do in cities.

"I am is reportedly the shortest sentence in the English language. Could it be that I do is the longest sentence?" - George Carlin

[Cipher HighwindParticipant 1144]

I do not pay because I live out of the truck. Vans and RVs would probably work better.

The cost of both renting and owning real estate is outrageous.

Anonymous wrote:

Either way you will pay. Pick your poison.

[VenomParticipant 310]

I think aside from all the financial burdens of home ownership, it’s worth it in the long one. Why? Because you get to make your own rules. You also don’t have to deal with landlords as most of them are white knights/feminists.

I have a theory that renting will only get worse for us MGTOW because landlords will preferably want to rent to younger women or men who are wealthier. If they do rent to us, they’ll charge us a higher rent than they would the women.

What I plan on doing is getting a 100 acre property, installing fiber optics for internet, and a 3 bedroom custom made log cabin with a 3 car garage and starting some type of farm or find a job to where I’m not dependent on living in the city solely for my career.

There’s really nothing to do at all in the city for us MGTOWs. Cities cater to women/tradcons/PUAs/Chad Thunderc~~~s.

I also hate the noise of the city. Especially during holidays such as New Years. Way too much traffic and drunk tourists. I’d rather have peace and quite.

The only thing I like about the city is the fact I can get to places quicker because everything is so close. Otherwise, I prefer the country.

You get to do what you want, play music as loud as you want without noise complaints, have a bunch of junk outside of your house, or even walk around naked if you chose to.

Renting and buying in the city only causes more headaches.

[TheroniusParticipant 975]

Sooner or later when I move out of the hills I want a small house with a big garage or barn.
I thought about the nomadic life in a van or RV, but I really don’t think I want to live in a vehicle. Maybe for a while.
I don’t need a big house. A little pre-fab or mobile would be fine, but I want a place to work on cars, paint s~~~, and do other cool things. Maybe even get a place with just a barn, and frame some rooms inside. I don’t want to be uncomfortable. At my crusty old age I want 8-foot ceilings and a real bathroom, a good working kitchen and a good den for hanging on the computer and plotting my revenge. With no women to impress and no kids to house it should be pretty cheap.
Heck, I have 2 bedrooms and 2 baths now, but I keep one of each as a guest room and bath. I rarely even go in there except to mess with the server in the closet when it’s running.
The shop/barn/warehouse/hangar (I know a guy has one of those!) should have power and a decent floor and be able to lock securely to keep the crackheads from stealing my s~~~.
Ideally, a small green house would be good to grow some stuff, but a little bit of land would be good too. Not too much land, because I’m not a rancher, but some buffer between me and any neighbors would be great.

"I am is reportedly the shortest sentence in the English language. Could it be that I do is the longest sentence?" - George Carlin

[DungeonMasterParticipant 27]

I agree that a house is a liability but, I feel if you’re not changing your area that it is great to do.

My mortgage is fixed rate with small variations due to taxes. ~$650 / month. 3 bedroom. Cannot get a 1 bedroom apartment for this. As rents and house prices increase, my mortgage will stay relatively the same over the long term. It protects my living expenses against inflation. I also have solar panels for the same reason. As electricity goes up, my solar panels aren’t costing me more.

[нσтησσвParticipant 830]

owning is always cheaper than renting.

i’ve said it many times before on these forums.

The basis are that if you are renting, 100% of what you pay goes down the drain.
When you own, a small portion goes into your pocket in the form of savings.

Furthermore, housing will always go up in price so long as the population keeps increasing.
Housing goes up and down all of the time; on average housing increases 6-8% per year in value. Inflation rarely goes above 3%. Get a mortage with < 3% interest and your practically being paid to have a lone via savings from inflation.

Think of it this way, you have a place with 20% down, say, $200k, you rent it out for $1500/mo.
6% increase on value per year over a 10 year period. After 10 years, that property is now $330k.
Through rent you gain $100/mo in cash if your lucky, but half of your mortage payment goes in the form of savings.
So, add $3600/yr in profits to keep it safe.

With 3% inflation, your original price becomes $260k. Netting $70k+36k from rent.

So with a $40k, you have a return of $106k over 10 years minus $10k commission. Leaving you with a rate of return of 240% over 10 years. Excluding land value and selling, you at least double your money over 10 years via renting.

This just basic economics; it troubles me that so few MGTOWs get this… but on the other hand, so few people in general get this.

My Goal: To Leave Society.

[IdiomaticManParticipant 44]

My next home purchase will be in cash. So I can get to this position…that is my ultimate goal.

[Author]

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