Yeah - new apartment, new tv

[L00n]

Any people in Yurp and
the US who actually live
in proper houses?

Serious question?

Too expensive or do people
prefer living in flats/communes/
apartments or cardboard boxes?

i prefer apartment - 4 rooms, 1 bathroom and one separete toilet.

[PRIVATE RYAN]

Do you keep pets?

[spinnis]

Why rent? Is it really
expensive to own?

would probably cost over 100.000£ to buy, so yeah, I rather rent

[Meso_z]

The whole Team Zack is with you Swede, dont worry.

[d0nny2600]

would probably cost over 100.000£ to buy, so yeah, I rather rent

Ron should be paying for it Swede.

[Tapeworm]

Why rent? Is it really
expensive to own?

The place I'm in would probably sell for 600k or so.  People say you're 'throwing money away' when you rent, but with a mortgage I'd be throwing away more than $310/wk in interest repayments without touching the principal and my weekly expenses would rise by about $700, which would hurt. 

It cracks me up when people tell you how much money they made on their house.  'We paid 450 and now it's worth 600!'  Oh?  and the near 40k settlement costs, bank fees, CGT (no rollover in Aus), and money crapped away on interest repayments, plus if you sell it you are presumably going to have to buy something else?  You'd need a favorable market to come out ahead of a renter and justify the higher living costs unless you had a very sizeable downpayment.  Just had that boom market and it ended 18 months ago, so there are a lot of true believers running around out there but I honestly don't think most of them are anywhere near as far ahead as their simplistic reckoning makes out.  Can't see another bubble right around the corner, to be sure. 

Screw being housepoor (or carpoor for that matter).  A lot of folks are living in 800k houses and they can't afford to go out to dinner.    Mortgaged right to their limit and then they wonder why they're stressed or why there's tension in their marriage.

If I was 100% I was staying in Aus I'd buy some land with a minimum lost on interest repayments and build with cash, no loans.  I won't work for a bank.

Yes, I have a pet.

[Fatpanda]

swede have you ever thought of doing door work ? you're a pretty big guy, and that shaved skull look is intimidating to some. It's easy money if you have the balls + loads of chicks 

[PRIVATE RYAN]

The place I'm in would probably sell for 600k or so.  People say you're 'throwing money away' when you rent, but with a mortgage I'd be throwing away more than $310/wk in interest repayments without touching the principal and my weekly expenses would rise by about $700, which would hurt. 

It cracks me up when people tell you how much money they made on their house.  'We paid 450 and now it's worth 600!'  Oh?  and the near 40k settlement costs, bank fees, CGT (no rollover in Aus), and money crapped away on interest repayments, plus if you sell it you are presumably going to have to buy something else?  You'd need a favorable market to come out ahead of a renter and justify the higher living costs unless you had a very sizeable downpayment.  Just had that boom market and it ended 18 months ago, so there are a lot of true believers running around out there but I honestly don't think most of them are anywhere near as far ahead as their simplistic reckoning makes out.  Can't see another bubble right around the corner, to be sure. 

Screw being housepoor (or carpoor for that matter).  A lot of folks are living in 800k houses and they can't afford to go out to dinner.    Mortgaged right to their limit and then they wonder why they're stressed or why there's tension in their marriage.

If I was 100% I was staying in Aus I'd buy some land with a minimum lost on interest repayments and build with cash, no loans.  I won't work for a bank.

Yes, I have a pet.

Would you not rather be
the guy you are leasing
from?

[Tapeworm]

No.  This house is 'negatively geared' which means he loses money every month and is allowed to claim the lost $ as a tax deduction against other income.  Like I said above, the interest repayments on the loan are greater than his income from my rent payments, so his bet is that the market will grant him a capital gain.  At the moment, that's not happening.

The only winning parties are the property manager who collects their fee from the owner, assuming they're an efficiently run business, and the bank.  And possibly me, if you are of the mindset that quality of life is more important than living housepoor for 15-20 years for a fairly underwhelming 'payout' down the line.  The market will vary but I'd imagine you'd be no more than 200k ahead for your trouble compared to me (assuming I have no ROI from the money I save every week compared to your interest repayments), maybe less by the time the things I mentioned above are factored in or if the market is slow, and you'd simply be breaking even relative to the future market.

No one ever made anything worth writing home about off their own house.  It's a mugs game for the middle class and the banks are laughing all the way... well, home.  Here endeth the lesson.

[PRIVATE RYAN]

Thanks Donald.

Don't forget the lawyers.

I intend to rent out my
house as soon as the rent
in my area has increased sufficiently
to cover the bond repayments.

Then I buy another home and
basically get the capital growth
on the fist one free, plus with an
annual rent increase of 10% I could
be in the black after a year.

Safe as a house my friend.

[uberman09]

...countdown for you to post that photoshopped pic of me and Nasser now lol

you mean this one?

[#1 Klaus fan]

Still would like to know how a person can support themselves without working or getting handouts.

Social security? Never heard of that?

[#1 Klaus fan]

I'm happy for you and your new apartment Swede.

[ironneck]

i'm happy for you too
let the bitches hate

[MP]

My father and my fathers father worked their ASSES at the "farm" and then he became a carpenter I think its called for their entire life and what does my father have to show for it now? NOTHING but a destroyed fucking body and no money at all and hurting 24/7, why? because he had a shit job and was to proud to complain and get a better one.
Because people of his generation shut their mouths and just do their job and Never ever EVER complain. Should I respect that? hell yes. Does It mean I have to do the same thing? hell no.

I not gonna work my ass of and have destroyed shoulders, back, knees and be in pain 24/7 when im 50 just because I want to say "I worked hard my entire life"

Fuck no, I wanna work as little as possible and make as much money as possible, that might be hard to understand for some people and some of the old people may find it insulting, but I couldn't care less.

Im never gonna be the "man" my grandfather man father was work wise, and Im fine with that. Might sound like generation "nothingness" but Im Not gonna destroy myself. Unless I get paid ALOT.

Ive made the money I have, because I bought in in bulk and sold, and Ive sold about Everything there is, from underwear, to iphones, to mp3 players to pants, to tshirts, to jewelry etc etc etc. Im not stupid. I know how to make money if I want to.
That is alot of work but not HARD work.

Epic truth. Enjoy your new place.

[fathead]

[/quote]

boom boom pow!!!

[SS]

Nothing like your first pad and being own your own.

Have fun, big guy!

[Tapeworm]

Thanks Donald.

Don't forget the lawyers.

I intend to rent out my
house as soon as the rent
in my area has increased sufficiently
to cover the bond repayments.

Then I buy another home and
basically get the capital growth
on the fist one free, plus with an
annual rent increase of 10% I could
be in the black after a year.

Safe as a house my friend.

Sure.  Not saying it can't or shouldn't be done.  It just can't and shouldn't be done in Perth Australia at the moment by a guy with a downpayment as laughable as mine.  My mom's got a few properties in Virginia, N. & S Carolinas, and Florida I think, and none are liabilities as far as I know.  In my area tho rents would need about a 300% increase to start matching the cost of mortgage payments and interests rates are rising faster than my rent increases.

[bigbobs]

you mean this one?

hahaha, poor racist uberman09, now it's eating im up inside that someone he considers to be from an inferior race lives in a decent house while he's trying to brag online about his $600/month apartment LOL. 

[EL Mariachi]

hahaha, poor racist uberman09, now it's eating im up inside that someone he considers to be from an inferior race lives in a decent house while he's trying to brag online about his $600/month apartment LOL. 

thats a sweet ride bobby, nice and clean too. i like your house too

[bigbobs]

thats a sweet ride bobby, nice and clean too. i like your house too

Thanks man, I was just directing it at uberman since he's trying to put down Swede's apartment while he lives in one too. 

[no one]

hahaha, poor racist uberman09, now it's eating im up inside that someone he considers to be from an inferior race lives in a decent house while he's trying to brag online about his $600/month apartment LOL. 

wow. a vinyl clad house and an h3- something you buy when you can't afford the real thing but want to look like your a 'baller'.

really living the dream.

[EL Mariachi]

wow. a vinyl clad house and an h3- something you buy when you can't afford the real thing but want to look like your a 'baller'.

really living the dream.

hmm ive noticed us/canada house got weak material, in europe we only got stone construction materials its more solid. you seem to be living large, post your house/car pics so we can have a laugh.

[bigbobs]

wow. a vinyl clad house and an h3- something you buy when you can't afford the real thing but want to look like your a 'baller'.

really living the dream.

lol, says the anonymous online gimmick.  

H2 wouldn't fit in my covered work parkade

Didn't we already have this conversation almost two years ago?

[EL Mariachi]

Thanks man, I was just directing it at uberman since he's trying to put down Swede's apartment while he lives in one too. 

haha yeah i know its a nice way to post some pics