Anyone want to meet up @ MotoPia

[Slag]

We had a leak in a line last year. They replaced something in the inside unit but that didn't work. They ended up ripping holes in the sheet rock to get to the lines. Since the a/c is upstairs, they had to destoy my walls on both levels of the house. The bill for that job was unacceptable.

[♣ McKraut ♣]

hmm, and people tell me i should buy a house because....why?  yeah...i don't think so.

[pipeliner1978]

hmm, and people tell me i should buy a house because....why?  yeah...i don't think so.

They are not assets, they are liabilities.  (Robert Kiyosaki)

[Duc L'Smart]

On my way to Motopia now!

[♣ McKraut ♣]

waiting at my apartment for cable tv guy and also internet guy now!

[Kevin848]

hmm, and people tell me i should buy a house because....why?  yeah...i don't think so.

But add up all the money you've paid in rent at your apt and Ill add up the money Ive spent on AC repairs and then lets see who gets how much of their money back when they sale!! The resale on my house is already 30k (this time last year) more than I paid for it.  .

Total tally on AC repairs so far (in 4 years) $367.00.

[pipeliner1978]

But add up all the money you've paid in rent at your apt and Ill add up the money Ive spent on AC repairs and then lets see who gets how much of their money back when they sale!! The resale on my house is already 30k (this time last year) more than I paid for it.  .

Total tally on AC repairs so far (in 4 years) $367.00.

Assuming that you can sell your house for "maket value" (and I do hope you can!) you have to add in all services, not just A/C and your interest and your taxes(what does that come out to?) then if you are still in the plus, you need to live it it for awhile to get some money out of it.........and Bon and I have never lived at 1 adress for 4 years

[Kevin848]

Assuming that you can sell your house for "maket value" (and I do hope you can!) you have to add in all services, not just A/C and your interest and your taxes(what does that come out to?) then if you are still in the plus, you need to live it it for awhile to get some money out of it.........and Bon and I have never lived at 1 adress for 4 years

Your interest is deductible on your income taxes. Repairs (which thank god have only been the AC so far) have been minimal but ya, there is certainly a potential for some extremely expensive repairs. We have lived here for 4 & 1/2 years now, had the house built for us and I am not planning to move any time in the to near future and wouldnt even think about it unless the market is in my favor.

[♣ McKraut ♣]

i just like to be mobile, and keep my options as open as possible.  basically, i just don't like commitment.

[pipeliner1978]

Your interest is deductible on your income taxes. Repairs (which thank god have only been the AC so far) have been minimal but ya, there is certainly a potential for some extremely expensive repairs. We have lived here for 4 & 1/2 years now, had the house built for us and I am not planning to move any time in the to near future and wouldnt even think about it unless the market is in my favor.

I think if you are gonna live in one place for a long time, it could be beneficial to buy, but you really have to take into account the taxes that you are paying.  I know alot of people who have $1000.00/month mortgage that is inflated to 1700.00 after you add taxes and insurance.  Sure I coud go buy 300K house around here and be fine (without motorcycles) And my house value might go up 25K this year, but then I have to pay 10-20K in taxes year after year and I don't think my house will go up that much "year after year".  Take the amount of money you pay in taxes every month and invest it a low risk mutual fund and I guarntee it will be more than what you can sale your house for 15 years from now, after you have replace all your appliacnes and updated your kitchen to make it saleable and replaced your roof............ 

[Bonwilder]

i just like to be mobile, and keep my options as open as possible.  basically, i just don't like commitment.

Ours has been less the commitment issue and more the Tommy's job is mobile issue - hence the homeschooling, living in travel trailers, and the fact that I have been unable to stay in one place long enough to finish degree.  Hopefully we will be here for a while, which is why I jumped on the oppurtunity to start school again and put the kids in school.  I am still scared to buy a house because I am afraid we won't stay long enough to make it worth the money, and I will end up taking care of it by myself, along with the kids, while driving many many hours back and forth to see Tommy.....that's how it was in KY and PA.  The resp. of taking care of that big old house by myself when I was hardly ever there was rough.  Every time I came home there was new problem.  THen with the economy in KY, we practically had to give the house away.    I believe home ownership is worth it under different circumstances, though.  

[Kevin848]

Ours has been less the commitment issue and more the Tommy's job is mobile issue - hence the homeschooling, living in travel trailers, and the fact that I have been unable to stay in one place long enough to finish degree.  Hopefully we will be here for a while, which is why I jumped on the oppurtunity to start school again and put the kids in school.  I am still scared to buy a house because I am afraid we won't stay long enough to make it worth the money, and I will end up taking care of it by myself, along with the kids, while driving many many hours back and forth to see Tommy.....that's how it was in KY and PA.  The resp. of taking care of that big old house by myself when I was hardly ever there was rough.  Every time I came home there was new problem.  THen with the economy in KY, we practically had to give the house away.    I believe home ownership is worth it under different circumstances, though.  

Yes you have to be commited to staying in a house but house vs apartment from a financial perspective I think its a no brainer, buy a house. If you move around alot then obviously no.

[pipeliner1978]

taxes on homeowners

If I invest $1000.00 per month(taxes on a 300K home in a nice neighborhood) in a low risk mutual fund for the next 15 years, and it averages 9% (modest) I will have $370,281.00.  What will my 300K home be worth by then?  Then subtract what you paid in mortgage payments and see what the difference is..............

Sometimes I have to agree with the "rich dad" and listen to Robert Kiyosaki when he says mortgages fall under the liabilty category and not the asset.

[pipeliner1978]

but then I go and blow that all out of the water and buy motorcycles..............cause I'm smart 

[Bonwilder]

Do we have to talk about serious stuff?  Got anymore videos of strippers falling off poles?  I'm gonna have to go study eventually.........trying to avoid it!