Is it wise to own a home in today's economy?
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Archived from the IMDb Discussion Forums — Economics, Business, Money, Finance
Tits Malone, PI — 1 year ago(August 22, 2024 06:46 PM)
Consider all the expenses, property taxes, leaking roof, repairs–the list goes on and on.
Donna/LadyGigi Savige needs to sit her ass down! -
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WarrenPeace — 1 year ago(August 22, 2024 07:20 PM)
You were the one who came up with the bogus thread of how you only "date" certain and rich men as part of your false persona.
So why not get one to be your sugar daddy?
Because you are not really a girl.
That's why.
"Please vote to preserve the unique character of Warren…" - Robert Duvall -
insurgent — 1 year ago(August 22, 2024 07:22 PM)
Nothing in your list is different today vs any other point in history. Only difference right now is the high interest rates.
But don't buy a home if you're bad at saving up an emergency fund. In that case it's probably better to just rent and consider it a cost of living. It's not "throwing it away" because you need somewhere to live but homes are still a good investment. However if a home repair is going to mean you use a credit card with a 24% interest rate to fix it, don't own a home until you're a bit more stable -
Uncreative — 1 year ago(August 22, 2024 08:24 PM)
My mortgage, taxes, and insurance combined is about $3,200 for a 3 bedroom house. That's enough get a decent 2 bedroom apartment. My house would rent in the $4,500-5,000 range.
I've probably sunk $200k into upgrades and repairs over the last 7 years but also got an extra $600k in equity over that same time. So renting can eat a dick. At least this money pit is mine and I can do what I want with it.
