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Old 10-28-2013, 11:19 AM   #31
Mishri
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I do like the c7. I don't think they will be good for modders but I guess we'll see.

Owning a home is a bit of a retirement cushion. You aren't affected by raising housing costs nearly as much, sure you still want to keep paying your insurance, but once you have a house paid off you only have upkeep costs, and if you stay on top of things those will be minimal. Having no house payment, no car payment leaves you with needing very little in terms of monthly expenses.

I got a house far bigger than I need for investment purposes (it's likely already worth about 25,000 more than I paid for it 4 years ago) a fixer-upper. I'm a single guy too and i got a 4 bedroom 2 bath 2 car garage house. I could move into a 2 bedroom 1 bath house that costs 60,000 less once I decide I'm done with this house... Except I kind of like how much space I have for things like my pool table and aquariums

anyway, point is, housing can be an excellent investment for financial security. When I sold medicare insurance all of the poor people who had no money lived in apartments or rented houses. The ones who couldn't afford anything but their rent because they couldn't work anymore. (there was a warm-up I'd do where I'd talk to them about things, including if they owned the house they were in, usually lead into a long story about how they got there). I don't want to end up in a situation where all of my social security is going towards rent. And 30 year term loan means I'll be ready for retirement about when it's paid off.

Anyway... just some advice to consider... I'm sure if you are a multi-millionaire there is no reason to ever buy a house as you'll be able to afford rent forever if you have it properly invested.
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Old 10-28-2013, 01:59 PM   #32
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Originally Posted by Mishri View Post
I do like the c7. I don't think they will be good for modders but I guess we'll see.

Owning a home is a bit of a retirement cushion. You aren't affected by raising housing costs nearly as much, sure you still want to keep paying your insurance, but once you have a house paid off you only have upkeep costs, and if you stay on top of things those will be minimal. Having no house payment, no car payment leaves you with needing very little in terms of monthly expenses.

I got a house far bigger than I need for investment purposes (it's likely already worth about 25,000 more than I paid for it 4 years ago) a fixer-upper. I'm a single guy too and i got a 4 bedroom 2 bath 2 car garage house. I could move into a 2 bedroom 1 bath house that costs 60,000 less once I decide I'm done with this house... Except I kind of like how much space I have for things like my pool table and aquariums

anyway, point is, housing can be an excellent investment for financial security. When I sold medicare insurance all of the poor people who had no money lived in apartments or rented houses. The ones who couldn't afford anything but their rent because they couldn't work anymore. (there was a warm-up I'd do where I'd talk to them about things, including if they owned the house they were in, usually lead into a long story about how they got there). I don't want to end up in a situation where all of my social security is going towards rent. And 30 year term loan means I'll be ready for retirement about when it's paid off.

Anyway... just some advice to consider... I'm sure if you are a multi-millionaire there is no reason to ever buy a house as you'll be able to afford rent forever if you have it properly invested.
Ha, if only I were a millionaire! I understand how a house can be viewed as an asset and build equity and possibly give some cushion during retirement (as long as it's paid off). However, I don't want to be tied down to once place for too long. I want to be able to get up and leave on a moment's notice if I have to. I am not very handy and the upkeep on a house is can be an undertaking, even for very handy people. I don't need much space nor do I want it. My apartment is plenty big (2 bd, 2 bth). It is also pretty much a resort with a pool, indoor basketball court, pool tables, business center, tennis courts, dog run...etc. That is all included in my rent which is very affordable. My point is if somebody can afford to rent and own a nice car without living paycheck to paycheck then that's fine. It's a personal choice. I know many would prefer a house and I am fine with that .
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Old 10-28-2013, 02:12 PM   #33
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Ha, if only I were a millionaire! I understand how a house can be viewed as an asset and build equity and possibly give some cushion during retirement (as long as it's paid off). However, I don't want to be tied down to once place for too long. I want to be able to get up and leave on a moment's notice if I have to. I am not very handy and the upkeep on a house is can be an undertaking, even for very handy people. I don't need much space nor do I want it. My apartment is plenty big (2 bd, 2 bth). It is also pretty much a resort with a pool, indoor basketball court, pool tables, business center, tennis courts, dog run...etc. That is all included in my rent which is very affordable. My point is if somebody can afford to rent and own a nice car without living paycheck to paycheck then that's fine. It's a personal choice. I know many would prefer a house and I am fine with that .
Yep, to each their own. As long as you're not P2P and are planning for your future, it doesn't make much difference how you spend your money.

I saw a vert the other day. Didn't much care for it. Very few cars look good as verts. I generally prefer coupes myself.

I like the front and sides of the new vette but those damn taillights look like a Camaro..bleh. Oh well, guess I should get used to them since that's just about all I'll see of them on the streets!
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Old 10-28-2013, 04:28 PM   #34
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Rmodz, go here >>> http://mustangforums.com/forum/8301449-post8358.html
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Old 10-28-2013, 04:28 PM
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