Moving - Page 3

**luv** · 06-03-2006, 04:16 PM

I just found out that my rent will be going up $55 per month when I go to renew in December. So, guess who's in the process of apartment hunting. Sure, I'm about 5 months early, but I like to look around and see if I can find the best value for my money.

The only part of moving I am dreading is the packing. What part of moving don't you like?

Moooo · 06-03-2006, 09:00 PM

Quote:

Originally Posted by Skip Towne

You don't think the bank is getting paid in an apartment deal? You must be really young and stupid.

I didn't say that, I just said it's 6 in one hand and a half-dozen in another. And I think when you're renting an apartment, the bank fees are passed on to you, but also to the other 40 tennants in the complex, not to mention most of the time owners of a complex have 10 or more around town.

Which would you prefer, paying 600 a month, or paying 800 a month and getting 200 of it back whenever you move out of a house? I'm telling you, unless you're planning to stay for 5 years or more, its not worth it.

Moooo

**Skip Towne** · 06-03-2006, 09:17 PM

Quote:

Originally Posted by Moooo

I didn't say that, I just said it's 6 in one hand and a half-dozen in another. And I think when you're renting an apartment, the bank fees are passed on to you, but also to the other 40 tennants in the complex, not to mention most of the time owners of a complex have 10 or more around town.

Which would you prefer, paying 600 a month, or paying 800 a month and getting 200 of it back whenever you move out of a house? I'm telling you, unless you're planning to stay for 5 years or more, its not worth it.

Moooo

How old are you. 21? I could rip you good but I'll settle for this: have you ever heard of building equity? Who gets the benefit of owning where you live as inflation makes it more valuable? Do you think these apartment owners are stupid? They would be if you listened to you. You don't really have much of a grasp on the real world now do you?

Moooo · 06-03-2006, 09:22 PM

Quote:

Originally Posted by Skip Towne

How old are you. 21? I could rip you good but I'll settle for this: have you ever heard of building equity? Who gets the benefit of owning where you live as inflation makes it more valuable? Do you think these apartment owners are stupid? They would be if you listened to you. You don't really have much of a grasp on the real world now do you?

I understand equity... I also understand that on an average 30-year note, 60-some percent of your average payment is paid to interest. Given that, with all the sales taxes, real estate fees and application fees at a bank, you don't start into the equity building to a point that's worth your while until about 5 years in.

If you don't believe me, buy a house, pay the taxes, loan processing fees, real estate agency fees (if you go that route, like most do). Then sell it in a year accounting for inflation, and tell me where you stand.

Moooo

recxjake · 06-03-2006, 09:24 PM

Quote:

Originally Posted by Moooo

I understand equity... I also understand that on an average 30-year note, 60-some percent of your average payment is paid to interest. Given that, with all the sales taxes, real estate fees and application fees at a bank, you don't start into the equity building to a point that's worth your while until about 5 years in.

If you don't believe me, buy a house, pay the taxes, loan processing fees, real estate agency fees (if you go that route, like most do). Then sell it in a year accounting for inflation, and tell me where you stand.

Moooo

my parents have bought homes in 3 years and they made 10,000 plus on each of them

Moooo · 06-03-2006, 09:33 PM

Quote:

Originally Posted by recxjake

my parents have bought homes in 3 years and they made 10,000 plus on each of them

You can easily spend 10,000 on the fees associated with buying a new home. How much did they buy the house for in the first place? 80,000? 250,000?

Here's a good article I found about it.

http://www.nmhc.org/Content/ServeCon...iteArea=Topics

Moooo

**Skip Towne** · 06-03-2006, 09:58 PM

Quote:

Originally Posted by Moooo

I understand equity... I also understand that on an average 30-year note, 60-some percent of your average payment is paid to interest. Given that, with all the sales taxes, real estate fees and application fees at a bank, you don't start into the equity building to a point that's worth your while until about 5 years in.

If you don't believe me, buy a house, pay the taxes, loan processing fees, real estate agency fees (if you go that route, like most do). Then sell it in a year accounting for inflation, and tell me where you stand.

Moooo

Obviously you're right. Nobody should own a home. But how do the landlords make a living? Please explain that, genious.

tommykat · 06-03-2006, 10:03 PM

Quote:

Originally Posted by luv

I just found out that my rent will be going up $55 per month when I go to renew in December. So, guess who's in the process of apartment hunting. Sure, I'm about 5 months early, but I like to look around and see if I can find the best value for my money.

The only part of moving I am dreading is the packing. What part of moving don't you like?

OK, without reading.........GAS GAS GAS, not to mention inflation. I say stay put~My rent at work went up this year. However, our prices didn't!

Next year? You bet your ass we told them that the would....Off the subject. They will all go up. Stay put you have a nice apartment!

Moooo · 06-03-2006, 10:04 PM

Quote:

Originally Posted by Skip Towne

Obviously you're right. Nobody should own a home. But how do the landlords make a living? Please explain that, genious.

Did you hear me? AFTER five years, and it starts being cheaper...before that and you're better off renting.

Last I checked, apartment complexes stay around for longer than 5 years, and also have more than one piece of property to make their bank with. They sure don't make money off a new complex for those first few years, its in the LONG RUN they start making money off of the renters. Truthfully, a landlord is lucky if he breaks even for his first 5 years. About the only way a person will even break even for the first five years is if it was something they fixed up. And that only works if the person who bought it is who fixed it up, and only then because of free labor.

That's why buying a house is an INVESTMENT. If it was as easy as you say, it would just be the way.

Moooo

**Skip Towne** · 06-03-2006, 10:06 PM

Quote:

Originally Posted by tommykat

OK, without reading.........GAS GAS GAS, not to mention inflation. I say stay put~My rent at work went up this year. However, our prices didn't!

Next year? You bet your ass we told them that the would....Off the subject. They will all go up. Stay put you have a nice apartment!

Really nice. Financial advice from TK. Please notice she owns her home while advising you to rent.

**luv** · 06-03-2006, 10:07 PM

Quote:

Originally Posted by tommykat

OK, without reading.........GAS GAS GAS, not to mention inflation. I say stay put~My rent at work went up this year. However, our prices didn't!

Next year? You bet your ass we told them that the would....Off the subject. They will all go up. Stay put you have a nice apartment!

Remember when I was trying to decide between this place and one other? The other didn't provide internet access (which is why I chose this one). Now it does, but their prices haven't gone up.....yet. And that place is even closer to work than where I'm at now. They're across form the library behind that Belgian Waffle House.

Moooo · 06-03-2006, 10:08 PM

Quote:

Originally Posted by luv

Remember when I was trying to decide between this place and one other? The other didn't provide internet access (which is why I chose this one). Now it does, but their prices haven't gone up.....yet. And that place is even closer to work than where I'm at now. They're across form the library behind that Belgian Waffle House.

You're moving on to Campbell? Yuk.

Moooo

**luv** · 06-03-2006, 10:10 PM

Quote:

Originally Posted by Moooo

You're moving on to Campbell? Yuk.

Moooo

Off of Campbell. And there's a light there, so it won't be difficult to get onto Campbell. I work in Nixa (technically). Right now, I'm just off of Republic Road west of Scenic.

tommykat · 06-03-2006, 10:10 PM

Quote:

Originally Posted by luv

Remember when I was trying to decide between this place and one other? The other didn't provide internet access (which is why I chose this one). Now it does, but their prices haven't gone up.....yet. And that place is even closer to work than where I'm at now. They're across form the library behind that Belgian Waffle House.

Yes I do.....L you need a house.......One day it will happen and you will be so thankful you did it!

By the way, you gonna be at the pool tomorrow?

Moooo · 06-03-2006, 10:12 PM

Quote:

Originally Posted by luv

Off of Campbell. And there's a light there, so it won't be difficult to get onto Campbell. I work in Nixa (technically). Right now, I'm just off of Republic Road west of Scenic.

My friend used to live at a house by Republic and Golden... By the O'Reilly.

Moooo

**luv** · 06-03-2006, 10:12 PM

Quote:

Originally Posted by tommykat

Yes I do.....L you need a house.......One day it will happen and you will be so thankful you did it!

By the way, you gonna be at the pool tomorrow?

Seriously thinking about it. I bought some sunscreen today. SPF 15. And some spray on aloe (so I can get my own back)...just in case...lol.

View Poll Results: Which part of moving do you hate the most?
Hunting for a place.	3	5.08%
Packing.	12	20.34%
Finding people to help.	2	3.39%
Loading.	3	5.08%
Unloading.	1	1.69%
Unpacking.	2	3.39%
All of it.	33	55.93%
None of it.	1	1.69%
I let Gaz do it all.	2	3.39%
Voters: 59. You may not vote on this poll

06-03-2006, 04:16 PM
luv You think you can get by this? Join Date: Dec 2004 Location: Springfield, MO Casino cash: $-1180000	Moving I just found out that my rent will be going up $55 per month when I go to renew in December. So, guess who's in the process of apartment hunting. Sure, I'm about 5 months early, but I like to look around and see if I can find the best value for my money. The only part of moving I am dreading is the packing. What part of moving don't you like?
Posts: 63,558