For the Rookies

[1989]

seen this a few days ago...

3115 Wimberley Creek Dr, Yukon, OK 73099 - 4 beds/3.5 baths

That's a steal

 

[IVE GOTTA PACKAGE 4U]

...with the hope that the value has gone up...

Doesn't matter if it goes up or down in value. You still own that house at the end of the payments .

 

[1989]

Nope. You are buying it with their money. At the end of "the so called lease "
You own it,not having to return it to them.

Hoping I'm still alive when they cash the last check.

 

[oldngray]

Nope. You are buying it with their money. At the end of "the so called lease "
You own it,not having to return it to them.

That is the advantage of buying a home which usually increases in value vs cars, boats, and even mobile homes which depreciate and lose value.

 

[IVE GOTTA PACKAGE 4U]

That is the advantage of buying a home which usually increases in value vs cars, boats, and even mobile homes which depreciate and lose value.

Unless you own a business, no reason to lease a car.

 

[oldngray]

Doesn't matter if it goes up or down in value. You still own that house at the end of the payments .

Its a great feeling to have a house paid for and not be making payments. If you lease you end up paying forever with increasing rent costs and no buildup of equity.

 

[IVE GOTTA PACKAGE 4U]

Its a great feeling to have a house paid for and not be making payments. If you lease you end up paying forever with increasing rent costs and no buildup of equity.

my house is paid off great feeling. I owe 4k on my 2012. I may trade it or keep it......it's my choice.

 

[1989]

Think of your home as a lifestyle not an investment. You can do no wrong.

 

[UpstateNYUPSer(Ret)]

Think of your home as a lifestyle not an investment. You can do no wrong.

Depends on the situation.

 

[1989]

Depends on the situation.

How so?

 

[IVE GOTTA PACKAGE 4U]

Think of your home as a lifestyle not an investment. You can do no wrong.

I didn't buy mine for the resell value. I bought it so I wouldn't have to rent forever


And yes my house is worth a lot more than I paid for it.

 

[UpstateNYUPSer(Ret)]

I bought my condo knowing it would not be my permanent home.

 

[oldngray]

If you won't be living there more than a couple of years its probably better to rent instead of buying. The longer you live there the bigger the advantage of owning.

 

[IVE GOTTA PACKAGE 4U]

I bought my condo knowing it would not be my permanent home.

Condos can be very hard to resell.

 

[cosmo1]

I bought my condo knowing it would not be my permanent home.

Are you going to get a good return when you sell?

 

[UpstateNYUPSer(Ret)]

Are you going to get a good return when you sell?

That was the plan when I bought it.

 

[IVE GOTTA PACKAGE 4U]

Are you going to get a good return when you sell?

On his Nissan?

 

[cosmo1]

That was the plan when I bought it.

Good luck.

 

[UpstateNYUPSer(Ret)]

Good luck.

It will be paid off so I may end up staying here. My expenses would be less than $500/month.

 

[Billy Ray]

I bought my condo knowing it would not be my permanent home.

Permanent home is an odd phrase....


I figure my permanent home will be the graveyard.