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Topic1 bedroom apartment that isn't a completely scum hole? You're looking at $2000/m
wolfy42
06/20/17 2:35:20 PM
#47:


Judgmenl posted...
Ogurisama posted...
This is why I would rather buy then rent, mortgages are usually cheaper then rental costs


I really want to do this but my issue is that I am 1 person, and there's like no such thing as a "one person house"

Also buying basically shackles you into that location for a duration far greater than a lease would.



My wife LOVED the tiny house movement, watched the show all the time, and wanted us to move into one when we moved to WA (thank god I talked her out of that). They can be extremely cheap (cheaper even then mobile homes...which depending on your area can be extremely cheap as well).

To be honest, if you are not currently paying rent where you live, and can afford $1500 a month in rent, saving that for a year would let you have enough to easily afford a down payment on a mobile home or a tiny house.

You can often get them for as cheap as $20-30k.

The tiny house has the advantage of actually owning the land it's on though, a mobile home needs to rent space, which depending on the area, might cost as much as renting a studio apartment anyway!!!

Here is a list of tiny homes in your area...the cheapest is $15k (so 10 months of you saving), but you can actually get them for less (remember listing prices like this are usually towards the top of the cost range as it costs money to list).

Should be mentioned that you are NOT tied down at all to such homes, in fact they have FAR better/easier resale/turn around then normal homes or even mobile homes (due to lower price, often loans are not even needed etc).

If you have a job that pays enough for you to afford $1500 a month, you could probably even get credit to pay for the majority of the home, with no interest for the first year, so if you pay it all off within the first year, you would not pay any interest at all.

Could solve your problem, give you your own place and effectively mean you have 0 rent at all, and something you can sell in the future if you ever need money badly (or want to move somewhere else etc).

It's at least worth looking into.
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