Current Events > Do millenials view houses as an investment?

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AlternativeFAQS 11/23/17 8:28:41 AM #1:	I don't <cite>AlternativeFAQS posted [p:890918420] in Do milleni... [t:76022502]...</cite> <quote>I don't</quote> ... Copied to Clipboard!
RTruthLILJimmy 11/23/17 8:29:16 AM #2:	We view them as a fantasy that only rich people have. --- http://imgon.net/di-XZC0.gif <cite>RTruthLILJimmy posted [p:890918440] in Do milleni... [t:76022502]...</cite> <quote>We view them as a fantasy that only rich people have.</quote> ... Copied to Clipboard!
AlternativeFAQS 11/23/17 8:29:59 AM #3:	That too <cite>AlternativeFAQS posted [p:890918464] in Do milleni... [t:76022502]...</cite> <quote>That too</quote> ... Copied to Clipboard!
HBKick18 11/23/17 8:31:21 AM #4:	RTruthLILJimmy posted... We view them as a fantasy that only rich people have. --- Proud fan of the worst team in American professional sports history: the Chicago Cubs. <cite>HBKick18 posted [p:890918499] in Do milleni... [t:76022502]...</cite> <quote><cite>RTruthLILJimmy posted...</cite> <quote>We view them as a fantasy that only rich people have.</quote></quote> ... Copied to Clipboard!
clearaflagrantj 11/23/17 8:36:15 AM #5:	Absolutely not. - Historically gain 1.5% a year on average (after inflation of course) - The most illiquid investment in the world, takes months to fully buy or sell - Requires major upkeep - Can get ruined in value by something stupid like increased crime in your area or a school near you closing down People like to say rent is pissing your money away but it is only marginally worse than owning a home in terms of cost. At least with a rent you can leave relatively easy and you don't need to lock away a 20% down payment potentially earning nothing. Stocks see 5-7%, houses see 1.5%, you do the math. <cite>clearaflagrantj posted [p:890918626] in Do milleni... [t:76022502]...</cite> <quote>Absolutely not. - Historically gain 1.5% a year on average (after inflation of course) - The most illiquid investment in the world, takes months to fully buy or sell - Requires major upkeep - Can get ruined in value by something stupid like increased crime in your area or a school near you closing down People like to say rent is pissing your money away but it is only marginally worse than owning a home in terms of cost. At least with a rent you can leave relatively easy and you don't need to lock away a 20% down payment potentially earning nothing. Stocks see 5-7%, houses see 1.5%, you do the math.</quote> ... Copied to Clipboard!
littlebro07 11/23/17 8:37:59 AM #6:	I consider mine one. Bought it for $139,000 and it appraised at $152,000. I don't plan on selling it for a big profit any time soon though. --- http://i211.photobucket.com/albums/bb289/volcaitlin/gifs/dancning.gif <cite>littlebro07 posted [p:890918665] in Do milleni... [t:76022502]...</cite> <quote>I consider mine one. Bought it for $139,000 and it appraised at $152,000. I don't plan on selling it for a big profit any time soon though.</quote> ... Copied to Clipboard!
Kineth 11/23/17 8:46:06 AM #7:	I view them as a pipe dream. I mean, houses are great and all that, but they're just another source of debt at this point. Most unmarried people can't realistically afford a house without roommates. A frugal people who make $50k per year have the realistic ability to own a house. It just sucks to own one due to maintenance issues and property tax value. --- If you're not looking for any honest discussion, agreement, meeting halfway or middle ground, don't bother arguing with me. Selfish narcissists need not apply. <cite>Kineth posted [p:890918861] in Do milleni... [t:76022502]...</cite> <quote>I view them as a pipe dream. I mean, houses are great and all that, but they're just another source of debt at this point. Most unmarried people can't realistically afford a house without roommates. A frugal people who make $50k per year have the realistic ability to own a house. It just sucks to own one due to maintenance issues and property tax value.</quote> ... Copied to Clipboard!
_____Cait 11/23/17 8:49:45 AM #8:	There are a ton of factors in this. Where do you live How much do you make How is te nighborhood Who lives there Weather Economy Government --- ORAS secret base: http://imgur.com/V9nAVrd 3DS friend code: 0173-1465-1236 <cite>_____Cait posted [p:890918965] in Do milleni... [t:76022502]...</cite> <quote>There are a ton of factors in this. Where do you live How much do you make How is te nighborhood Who lives there Weather Economy Government</quote> ... Copied to Clipboard!
seiki 11/23/17 8:51:13 AM #9:	Millenials probably consider their laptops as an investment instead <cite>seiki posted [p:890919005] in Do milleni... [t:76022502]...</cite> <quote>Millenials probably consider their laptops as an investment instead</quote> ... Copied to Clipboard!
Hexenherz 11/23/17 9:30:01 AM #10:	I view a house as an investment, but damn is it a pain in the ass to maintain. --- i dont like signatures <cite>Hexenherz posted [p:890920050] in Do milleni... [t:76022502]...</cite> <quote>I view a house as an investment, but damn is it a pain in the ass to maintain.</quote> ... Copied to Clipboard!
FFVII_REMAKE 11/23/17 9:31:10 AM #11:	Millenials make 6 figures yet they have trouble saving money because of the debt they owe on student loans and their new ferrari. <cite>FFVII_REMAKE posted [p:890920086] in Do milleni... [t:76022502]...</cite> <quote>Millenials make 6 figures yet they have trouble saving money because of the debt they owe on student loans and their new ferrari.</quote> ... Copied to Clipboard!
myzz7 11/23/17 9:33:19 AM #12:	buying a house at 260K other house in my neighborhood go for 300K and up - drawback is that my house needs some rework done, new kitchen and new windows and exterminator and a few other things. --- http://s10.postimage.org/mxioonsd1/gildavatar.gif http://gifgifs.com/res/0916/57ebaeea6c7a9047727112.gif <cite>myzz7 posted [p:890920162] in Do milleni... [t:76022502]...</cite> <quote>buying a house at 260K other house in my neighborhood go for 300K and up - drawback is that my house needs some rework done, new kitchen and new windows and exterminator and a few other things.</quote> ... Copied to Clipboard!
BLAKUboy 11/23/17 9:57:19 AM #13:	HBKick18 posted... RTruthLILJimmy posted... We view them as a fantasy that only rich people have. --- Aeris dies if she takes more damage than her current HP - Panthera http://signavatar.com/26999_s.png <cite>BLAKUboy posted [p:890920987] in Do milleni... [t:76022502]...</cite> <quote><cite>HBKick18 posted...</cite> <quote><cite>RTruthLILJimmy posted...</cite> <quote>We view them as a fantasy that only rich people have.</quote></quote></quote> ... Copied to Clipboard!
KStateKing17 11/23/17 9:59:15 AM #14:	BLAKUboy posted... HBKick18 posted... RTruthLILJimmy posted... We view them as a fantasy that only rich people have. --- I've lost the use of my heart, but I'm still alive. <cite>KStateKing17 posted [p:890921046] in Do milleni... [t:76022502]...</cite> <quote><cite>BLAKUboy posted...</cite> <quote><cite>HBKick18 posted...</cite> <quote><cite>RTruthLILJimmy posted...</cite> <quote>We view them as a fantasy that only rich people have.</quote></quote></quote></quote> ... Copied to Clipboard!
averagejoel 11/23/17 10:00:27 AM #15:	viewing houses as an investment is the main reason there are so many homeless people --- peanut butter and dick <cite>averagejoel posted [p:890921091] in Do milleni... [t:76022502]...</cite> <quote>viewing houses as an investment is the main reason there are so many homeless people</quote> ... Copied to Clipboard!
weapon_d00d816 11/23/17 10:00:41 AM #16:	I want a house made entirely of avocados. --- SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SlG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SlG <cite>weapon_d00d816 posted [p:890921100] in Do milleni... [t:76022502]...</cite> <quote>I want a house made entirely of avocados.</quote> ... Copied to Clipboard!
FFVII_REMAKE 11/23/17 10:07:09 AM #17:	averagejoel posted... viewing houses as an investment is the main reason there are so many homeless people I'm pretty sure most homeless people are that way due to alcohol and/or drug abuse problems. <cite>FFVII_REMAKE posted [p:890921342] in Do milleni... [t:76022502]...</cite> <quote><cite>averagejoel posted...</cite> <quote>viewing houses as an investment is the main reason there are so many homeless people</quote> I'm pretty sure most homeless people are that way due to alcohol and/or drug abuse problems.</quote> ... Copied to Clipboard!
fire810 11/23/17 10:08:50 AM #18:	RTruthLILJimmy posted... We view them as a fantasy that only rich people have. this I have about the same chance as building a rocket to the moon as I do buying a house --- "This weapon, I am." - Paul Atreides <cite>fire810 posted [p:890921394] in Do milleni... [t:76022502]...</cite> <quote><cite>RTruthLILJimmy posted...</cite> <quote>We view them as a fantasy that only rich people have.</quote> this I have about the same chance as building a rocket to the moon as I do buying a house</quote> ... Copied to Clipboard!
fire810 11/23/17 10:09:40 AM #19:	FFVII_REMAKE posted... averagejoel posted... viewing houses as an investment is the main reason there are so many homeless people I'm pretty sure most homeless people are that way due to alcohol and/or drug abuse problems. there was a study that showed 90% of homeless men suffered from some sort of brain trama --- "This weapon, I am." - Paul Atreides <cite>fire810 posted [p:890921434] in Do milleni... [t:76022502]...</cite> <quote><cite>FFVII_REMAKE posted...</cite> <quote><cite>averagejoel posted...</cite> <quote>viewing houses as an investment is the main reason there are so many homeless people</quote> I'm pretty sure most homeless people are that way due to alcohol and/or drug abuse problems.</quote> there was a study that showed 90% of homeless men suffered from some sort of brain trama</quote> ... Copied to Clipboard!
BignutzisBack 11/23/17 10:10:37 AM #20:	I view mine as agood choice because I bought my home in 2012, I think it's a great investment as long as you by after the bubble pops, any other time and I agree with clear --- http://i.imgur.com/plA0Vg9.gif http://i.minus.com/iluvk8aR4mzC8.gif <cite>BignutzisBack posted [p:890921469] in Do milleni... [t:76022502]...</cite> <quote>I view mine as agood choice because I bought my home in 2012, I think it's a great investment as long as you by after the bubble pops, any other time and I agree with clear</quote> ... Copied to Clipboard!
Squall28 11/23/17 10:11:34 AM #21:	Depends how you go about it. If you rent out properties and/or constantly sell houses at a profit, sure. However, what most people end up doing is just buying a house for themselves to live in. Without rent, there's no fix income gain. All they're banking on is IF they manage to sell it later down the line at a profit. --- If you're going through hell, keep going. -Winston Churchill <cite>Squall28 posted [p:890921501] in Do milleni... [t:76022502]...</cite> <quote>Depends how you go about it. If you rent out properties and/or constantly sell houses at a profit, sure. However, what most people end up doing is just buying a house for themselves to live in. Without rent, there's no fix income gain. All they're banking on is IF they manage to sell it later down the line at a profit.</quote> ... Copied to Clipboard!
DevsBro 11/23/17 10:12:05 AM #22:	I do. But not a traditional one. They don't appreciate with very good interest (though they generally do appreciate) and to make matters worse if you cash in on your equity you're left in a position where you have to spend it all (or a large portion at least) immediately, since you're homeless at that point. And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely. But the strength is there's no end to the amount of money you don't waste on rent. Maintenance and taxes on mine come to an average of about a thousand a year instead of the $5600 we spent on rent at our first place, which was literally 400 square feet with two rooms. The dining room was a card table we filded up and put under the bed when it needed to be a living room instead. Provided that shelter is a basic need that there's no way around, there's not much difference between making money and saving money. --- http://backloggery.com/devsbro/sig.gif http://i.imgur.com/kU5vu5N.png Never pepper popcorn <cite>DevsBro posted [p:890921520] in Do milleni... [t:76022502]...</cite> <quote>I do. But not a traditional one. They don't appreciate with very good interest (though they generally do appreciate) and to make matters worse if you cash in on your equity you're left in a position where you have to spend it all (or a large portion at least) immediately, since you're homeless at that point. And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely. But the strength is there's no end to the amount of money you don't waste on rent. Maintenance and taxes on mine come to an average of about a thousand a year instead of the $5600 we spent on rent at our first place, which was literally 400 square feet with two rooms. The dining room was a card table we filded up and put under the bed when it needed to be a living room instead. Provided that shelter is a basic need that there's no way around, there's not much difference between making money and saving money.</quote> ... Copied to Clipboard!
AlternativeFAQS 11/23/17 10:13:23 AM #23:	FFVII_REMAKE posted... averagejoel posted... viewing houses as an investment is the main reason there are so many homeless people I'm pretty sure most homeless people are that way due to alcohol and/or drug abuse problems. It's ok to be wrong <cite>AlternativeFAQS posted [p:890921557] in Do milleni... [t:76022502]...</cite> <quote><cite>FFVII_REMAKE posted...</cite> <quote><cite>averagejoel posted...</cite> <quote>viewing houses as an investment is the main reason there are so many homeless people</quote> I'm pretty sure most homeless people are that way due to alcohol and/or drug abuse problems.</quote> It's ok to be wrong</quote> ... Copied to Clipboard!
averagejoel 11/23/17 10:17:04 AM #24:	FFVII_REMAKE posted... averagejoel posted... viewing houses as an investment is the main reason there are so many homeless people I'm pretty sure most homeless people are that way due to alcohol and/or drug abuse problems. blaming the people who can't afford a home instead of the people who view housing as a way to make money rather than a human right. classic --- peanut butter and dick <cite>averagejoel posted [p:890921685] in Do milleni... [t:76022502]...</cite> <quote><cite>FFVII_REMAKE posted...</cite> <quote><cite>averagejoel posted...</cite> <quote>viewing houses as an investment is the main reason there are so many homeless people</quote> I'm pretty sure most homeless people are that way due to alcohol and/or drug abuse problems.</quote> blaming the people who can't afford a home instead of the people who view housing as a way to make money rather than a human right. classic</quote> ... Copied to Clipboard!
theAteam 11/23/17 10:20:03 AM #25:	DevsBro posted... And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely. It did for my parents. Bought their house about 12 years ago. It's worth 100k more now but they did the math and between putting in a pool, new roof, floors, shed addition, redo driveway, sprinkler system etc... they pretty much broke even at the end of the day --- Buffalo Bills Playoff Tracker 2017-18 Season: 5-5; 18 years coming up <cite>theAteam posted [p:890921806] in Do milleni... [t:76022502]...</cite> <quote><cite>DevsBro posted...</cite> <quote>And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely.</quote> It did for my parents. Bought their house about 12 years ago. It's worth 100k more now but they did the math and between putting in a pool, new roof, floors, shed addition, redo driveway, sprinkler system etc... they pretty much broke even at the end of the day</quote> ... Copied to Clipboard!
Fishy 11/23/17 10:20:57 AM #26:	theAteam posted... DevsBro posted... And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely. It did for my parents. Bought their house about 12 years ago. It's worth 100k more now but they did the math and between putting in a pool, new roof, floors, shed addition, redo driveway, sprinkler system etc... they pretty much broke even at the end of the day To be fair a pool isn't maintenance or cheap. --- ~Dr. FishyStick\| Welcome Back. http://i.imgur.com/z50xS2H.jpg <cite>Fishy posted [p:890921844] in Do milleni... [t:76022502]...</cite> <quote><cite>theAteam posted...</cite> <quote><cite>DevsBro posted...</cite> <quote>And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely.</quote> It did for my parents. Bought their house about 12 years ago. It's worth 100k more now but they did the math and between putting in a pool, new roof, floors, shed addition, redo driveway, sprinkler system etc... they pretty much broke even at the end of the day</quote> To be fair a pool isn't maintenance or cheap.</quote> ... Copied to Clipboard!
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DevsBro 11/23/17 10:24:53 AM #28:	theAteam posted... DevsBro posted... And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely. It did for my parents. Bought their house about 12 years ago. It's worth 100k more now but they did the math and between putting in a pool, new roof, floors, shed addition, redo driveway, sprinkler system etc... they pretty much broke even at the end of the day I'm not even talking renovations. Most google results say there's only one renovation that's worth it and that's the bathroom. Of course take that on the authority of "most google results." But I'm talking like, the air conditioner broke, leak in the shower causing water damage, etc. --- http://backloggery.com/devsbro/sig.gif http://i.imgur.com/kU5vu5N.png Never pepper popcorn <cite>DevsBro posted [p:890922005] in Do milleni... [t:76022502]...</cite> <quote><cite>theAteam posted...</cite> <quote><cite>DevsBro posted...</cite> <quote>And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely.</quote> It did for my parents. Bought their house about 12 years ago. It's worth 100k more now but they did the math and between putting in a pool, new roof, floors, shed addition, redo driveway, sprinkler system etc... they pretty much broke even at the end of the day</quote> I'm not even talking renovations. Most google results say there's only one renovation that's worth it and that's the bathroom. Of course take that on the authority of "most google results." But I'm talking like, the air conditioner broke, leak in the shower causing water damage, etc.</quote> ... Copied to Clipboard!
DifferentialEquation 11/23/17 10:26:47 AM #29:	No, I more see it as something to buy for my own peace of mind. --- There's no business to be taxed. <cite>DifferentialEquation posted [p:890922083] in Do milleni... [t:76022502]...</cite> <quote>No, I more see it as something to buy for my own peace of mind.</quote> ... Copied to Clipboard!
Slaya4 11/23/17 10:27:03 AM #30:	What houses are people buying that require a huge significant amount of maintenance? I bought my house put $10,000 in it and I dont have to worry about anything. Its been giving me free money ever since I upgraded it. --- Am I going too hard? <cite>Slaya4 posted [p:890922101] in Do milleni... [t:76022502]...</cite> <quote>What houses are people buying that require a huge significant amount of maintenance? I bought my house put $10,000 in it and I dont have to worry about anything. Its been giving me free money ever since I upgraded it.</quote> ... Copied to Clipboard!
Master_Bass 11/23/17 10:28:02 AM #31:	No, I couldn't care less about the value of any future house after I buy it. I don't plan to sell it, and I don't particularly ever want to be a landlord or anything. --- Many Bothans died to bring you this post. <cite>Master_Bass posted [p:890922147] in Do milleni... [t:76022502]...</cite> <quote>No, I couldn't care less about the value of any future house after I buy it. I don't plan to sell it, and I don't particularly ever want to be a landlord or anything.</quote> ... Copied to Clipboard!
AlternativeFAQS 11/23/17 10:32:00 AM #32:	Slaya4 posted... What houses are people buying that require a huge significant amount of maintenance? I bought my house put $10,000 in it and I dont have to worry about anything. Its been giving me free money ever since I upgraded it. Yeah and in 4 years a pipe will burst and flood the entire house <cite>AlternativeFAQS posted [p:890922308] in Do milleni... [t:76022502]...</cite> <quote><cite>Slaya4 posted...</cite> <quote>What houses are people buying that require a huge significant amount of maintenance? I bought my house put $10,000 in it and I dont have to worry about anything. Its been giving me free money ever since I upgraded it.</quote> Yeah and in 4 years a pipe will burst and flood the entire house</quote> ... Copied to Clipboard!
SideshowBob311 11/23/17 10:32:40 AM #33:	AlternativeFAQS posted... Slaya4 posted... What houses are people buying that require a huge significant amount of maintenance? I bought my house put $10,000 in it and I dont have to worry about anything. Its been giving me free money ever since I upgraded it. Yeah and in 4 years a pipe will burst and flood the entire house You realize that homeowner's insurance is a thing that exists, right? --- "Whether or not you can handle it, you have just heard another statement of the TRUTH." [WoT] - [Evil Republican] <cite>SideshowBob311 posted [p:890922332] in Do milleni... [t:76022502]...</cite> <quote><cite>AlternativeFAQS posted...</cite> <quote><cite>Slaya4 posted...</cite> <quote>What houses are people buying that require a huge significant amount of maintenance? I bought my house put $10,000 in it and I dont have to worry about anything. Its been giving me free money ever since I upgraded it.</quote> Yeah and in 4 years a pipe will burst and flood the entire house</quote> You realize that homeowner's insurance is a thing that exists, right?</quote> ... Copied to Clipboard!
50Blessings 11/23/17 10:33:01 AM #34:	Not really The only reason I am buying a house is because the mortgage ends up being cheaper than rent. I mean, I'll get something out of it, but I'm not viewing it as an investment. It's my home. --- America is a tune. It must be sung together. --50 Blessings https://i.imgur.com/cKxoAhi.png <cite>50Blessings posted [p:890922348] in Do milleni... [t:76022502]...</cite> <quote>Not really The only reason I am buying a house is because the mortgage ends up being cheaper than rent. I mean, I'll get something out of it, but I'm not viewing it as an investment. It's my home.</quote> ... Copied to Clipboard!
AlternativeFAQS 11/23/17 10:33:19 AM #35:	Yep. I also know insurance is 100% bullet proof <cite>AlternativeFAQS posted [p:890922353] in Do milleni... [t:76022502]...</cite> <quote>Yep. I also know insurance is 100% bullet proof</quote> ... Copied to Clipboard!
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3khc 11/23/17 10:38:06 AM #37:	I do. I'm in the home buying market at the moment. Brb paying the same amount monthly for mortgage that I would paying rent. Brb earning equity. Brb option to sell/option to rent. --- ---- ----- <cite>3khc posted [p:890922533] in Do milleni... [t:76022502]...</cite> <quote>I do. I'm in the home buying market at the moment. Brb paying the same amount monthly for mortgage that I would paying rent. Brb earning equity. Brb option to sell/option to rent.</quote> ... Copied to Clipboard!
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Swagnificent119 11/23/17 10:40:43 AM #39:	They can be an investment, if you're smart about it. My friend bought a piece of shit for 90k in a shit neighborhood, he's spent about 20k trying to renovate it, and he keeps claiming he's going to flip it for 250k. No way will that ever happen, because he's in a shit fucking neighborhood. He'll be lucky if he even breaks even on the amount of money he has put into it. --- https://i.imgtc.com/WXqrgQ0.jpg <cite>Swagnificent119 posted [p:890922634] in Do milleni... [t:76022502]...</cite> <quote>They can be an investment, if you're smart about it. My friend bought a piece of shit for 90k in a shit neighborhood, he's spent about 20k trying to renovate it, and he keeps claiming he's going to flip it for 250k. No way will that ever happen, because he's in a shit fucking neighborhood. He'll be lucky if he even breaks even on the amount of money he has put into it.</quote> ... Copied to Clipboard!
HydraSlayer82 11/23/17 10:48:28 AM #40:	Bought my house for 70k. Added a bathroom and updated our main bathroom for about 15k. I built a patio, a shed and installed a fence. My house is worth 120k. Not bad. --- Sigless user <cite>HydraSlayer82 posted [p:890922962] in Do milleni... [t:76022502]...</cite> <quote>Bought my house for 70k. Added a bathroom and updated our main bathroom for about 15k. I built a patio, a shed and installed a fence. My house is worth 120k. Not bad.</quote> ... Copied to Clipboard!
AlternativeFAQS 11/23/17 10:49:36 AM #41:	HydraSlayer82 posted... Bought my house for 70k. Added a bathroom and updated our main bathroom for about 15k. I built a patio, a shed and installed a fence. My house is worth 120k. Not bad. Was all that risk worth less than one years salary? <cite>AlternativeFAQS posted [p:890923003] in Do milleni... [t:76022502]...</cite> <quote><cite>HydraSlayer82 posted...</cite> <quote>Bought my house for 70k. Added a bathroom and updated our main bathroom for about 15k. I built a patio, a shed and installed a fence. My house is worth 120k. Not bad.</quote> Was all that risk worth less than one years salary?</quote> ... Copied to Clipboard!
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Unsugarized_Foo 11/23/17 10:54:08 AM #43:	I bought my house for $120k on $11/hr, and it's been great. Has an in-ground pool, fenced in half acre back yard, and I dont have to worry about a landlord. But a house being an investment requires homework, diligence, and patience. Its not for everyone, but I sure as hell enjoy it a lot more than renting. Now after about 8 months, its valued around 10k more from the work and upkeep I've done, which cost me about 1/5th of that. But as a whole, millenials do not view house ownership as something they want to do, and I think Im going to try and take advantage of that when I finish my schoolin' and have more income. Id like to just have rental income and retire off that stuff. --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Unsugarized_Foo posted [p:890923194] in Do milleni... [t:76022502]...</cite> <quote>I bought my house for $120k on $11/hr, and it's been great. Has an in-ground pool, fenced in half acre back yard, and I dont have to worry about a landlord. But a house being an investment requires homework, diligence, and patience. Its not for everyone, but I sure as hell enjoy it a lot more than renting. Now after about 8 months, its valued around 10k more from the work and upkeep I've done, which cost me about 1/5th of that. But as a whole, millenials do not view house ownership as something they want to do, and I think Im going to try and take advantage of that when I finish my schoolin' and have more income. Id like to just have rental income and retire off that stuff.</quote> ... Copied to Clipboard!
Perascamin 11/23/17 10:58:33 AM #44:	RTruthLILJimmy posted... We view them as a fantasy that only rich people have. Maybe if you stopped spending 6$ on coffee every morning and 7$ every afternoon on lunch you wouldn't have this problem. 91$ a week on useless shit is a lot to just piss away and the real reason why people my age can't afford anything. They just do stupid shit like this. --- I've grown. <cite>Perascamin posted [p:890923378] in Do milleni... [t:76022502]...</cite> <quote><cite>RTruthLILJimmy posted...</cite> <quote>We view them as a fantasy that only rich people have.</quote> Maybe if you stopped spending 6$ on coffee every morning and 7$ every afternoon on lunch you wouldn't have this problem. 91$ a week on useless shit is a lot to just piss away and the real reason why people my age can't afford anything. They just do stupid shit like this.</quote> ... Copied to Clipboard!
FFVII_REMAKE 11/23/17 11:02:44 AM #45:	Perascamin posted... RTruthLILJimmy posted... We view them as a fantasy that only rich people have. Maybe if you stopped spending 6$ on coffee every morning and 7$ every afternoon on lunch you wouldn't have this problem. 91$ a week on useless shit is a lot to just piss away and the real reason why people my age can't afford anything. They just do stupid shit like this. No, we should encourage them to do that. Do you know how many businesses would go out of business if people decided to make their own coffee and lunch at home? <cite>FFVII_REMAKE posted [p:890923560] in Do milleni... [t:76022502]...</cite> <quote><cite>Perascamin posted...</cite> <quote><cite>RTruthLILJimmy posted...</cite> <quote>We view them as a fantasy that only rich people have.</quote> Maybe if you stopped spending 6$ on coffee every morning and 7$ every afternoon on lunch you wouldn't have this problem. 91$ a week on useless shit is a lot to just piss away and the real reason why people my age can't afford anything. They just do stupid shit like this.</quote> No, we should encourage them to do that. Do you know how many businesses would go out of business if people decided to make their own coffee and lunch at home?</quote> ... Copied to Clipboard!
Hexenherz 11/23/17 11:06:27 AM #46:	Fishy posted... theAteam posted... DevsBro posted... And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely. It did for my parents. Bought their house about 12 years ago. It's worth 100k more now but they did the math and between putting in a pool, new roof, floors, shed addition, redo driveway, sprinkler system etc... they pretty much broke even at the end of the day To be fair a pool isn't maintenance or cheap. lmao first thing I thought of, too. Many people view pools as a liability for numerous reasons, and they are expensive to maintain. --- i dont like signatures <cite>Hexenherz posted [p:890923710] in Do milleni... [t:76022502]...</cite> <quote><cite>Fishy posted...</cite> <quote><cite>theAteam posted...</cite> <quote><cite>DevsBro posted...</cite> <quote>And really, whioe I haven't sat down and calculated it out, maintenance and taxes cut into its appreciation pretty seriously. I wouldn't be surprised to learn they cancel it out completely.</quote> It did for my parents. Bought their house about 12 years ago. It's worth 100k more now but they did the math and between putting in a pool, new roof, floors, shed addition, redo driveway, sprinkler system etc... they pretty much broke even at the end of the day</quote> To be fair a pool isn't maintenance or cheap.</quote> lmao first thing I thought of, too. Many people view pools as a liability for numerous reasons, and they are expensive to maintain.</quote> ... Copied to Clipboard!
Perascamin 11/23/17 11:11:06 AM #47:	FFVII_REMAKE posted... Perascamin posted... RTruthLILJimmy posted... We view them as a fantasy that only rich people have. Maybe if you stopped spending 6$ on coffee every morning and 7$ every afternoon on lunch you wouldn't have this problem. 91$ a week on useless shit is a lot to just piss away and the real reason why people my age can't afford anything. They just do stupid shit like this. No, we should encourage them to do that. Do you know how many businesses would go out of business if people decided to make their own coffee and lunch at home? I wouldn't feel bad if Starbucks was put out of business tbh. Entirely a company that feeds on the weak. --- I've grown. <cite>Perascamin posted [p:890923886] in Do milleni... [t:76022502]...</cite> <quote><cite>FFVII_REMAKE posted...</cite> <quote><cite>Perascamin posted...</cite> <quote><cite>RTruthLILJimmy posted...</cite> <quote>We view them as a fantasy that only rich people have.</quote> Maybe if you stopped spending 6$ on coffee every morning and 7$ every afternoon on lunch you wouldn't have this problem. 91$ a week on useless shit is a lot to just piss away and the real reason why people my age can't afford anything. They just do stupid shit like this.</quote> No, we should encourage them to do that. Do you know how many businesses would go out of business if people decided to make their own coffee and lunch at home?</quote> I wouldn't feel bad if Starbucks was put out of business tbh. Entirely a company that feeds on the weak.</quote> ... Copied to Clipboard!
Cleo_II 11/23/17 11:11:31 AM #48:	I think it can be but you have to be smart about it. My mom bought a house that about doubled in value in just a few years because it was a developing area. When we were house hunting, we were very mindful of what area to buy in, how close to the freeway, schools, what was the house next to, etc There was a construction site with some beautiful new houses we almost considered. The inside of the house was stunning. But the schools were meh, the HOA was $250, the site was sandwiched between 2 big companies, one of them was a car dealership with blaring lights at night. Also the land they sat on was tiny, you had the tiniest yard. It was also pretty close to the freeway. We didnt feel this was a good investment in the long term. We bought our current house for the same price. Its 20 years old but a $55 HOA, more land, amazing schools, and a more suburban area with amazing hillside views from our deck in the bedroom. A little more of a drive from our workplaces. It needs some sprucing up but its nice enough to where were in no rush to renovate yet. Given that the current housing market is all about constructing giant houses on tiny lands by huge freeways and corporations and charging ridiculous HOAs that dont do anything for you, I have the feeling our house will gain value as it becomes more rare. No guarantees of course. Its always a gamble with housing. <cite>Cleo_II posted [p:890923903] in Do milleni... [t:76022502]...</cite> <quote>I think it can be but you have to be smart about it. My mom bought a house that about doubled in value in just a few years because it was a developing area. When we were house hunting, we were very mindful of what area to buy in, how close to the freeway, schools, what was the house next to, etc There was a construction site with some beautiful new houses we almost considered. The inside of the house was stunning. But the schools were meh, the HOA was $250, the site was sandwiched between 2 big companies, one of them was a car dealership with blaring lights at night. Also the land they sat on was tiny, you had the tiniest yard. It was also pretty close to the freeway. We didnt feel this was a good investment in the long term. We bought our current house for the same price. Its 20 years old but a $55 HOA, more land, amazing schools, and a more suburban area with amazing hillside views from our deck in the bedroom. A little more of a drive from our workplaces. It needs some sprucing up but its nice enough to where were in no rush to renovate yet. Given that the current housing market is all about constructing giant houses on tiny lands by huge freeways and corporations and charging ridiculous HOAs that dont do anything for you, I have the feeling our house will gain value as it becomes more rare. No guarantees of course. Its always a gamble with housing.</quote> ... Copied to Clipboard!
IfGodCouldDie 11/23/17 11:28:21 AM #49:	We bought ours for 52000 and it was appraised at 124000. I love foreclosures. --- Mind post. XBL:Cyanide Sucker PSN:Paters1 IGN:SuperPattyCakes <cite>IfGodCouldDie posted [p:890924640] in Do milleni... [t:76022502]...</cite> <quote>We bought ours for 52000 and it was appraised at 124000. I love foreclosures.</quote> ... Copied to Clipboard!
TheGoldenEel 11/23/17 11:33:09 AM #50:	Buying a house was a great choice for me Bought it for $135k in 2012, its now appraised at ~$200k. I also refinanced this year for a better interest rate and paid off my $20k student loan debt (most of which was private with an 8% interest rate), saving myself tens of thousands of dollars in interest Ive rented out the spare bedroom to a friend for $500 a month for most of the time Ive lived here. Plus, there are just the benefits of owning your house: I can do whatever I want, not have to worry about making or hearing noise from people through the walls, replace and remodel things as I want, laundry is so much more convenient (and I dont have to pay), I have a lot more space than I would in a comparable apartment, etc It really does depend on location, and right now idk if Id be able to buy anymore if I hadnt already because prices in my area are skyrocketing. Like my house is 1100 sq ft 2br/1ba with a small yard and it would cost over 200k at this point which is ridiculous in the midwest --- The words of The Golden Eel have been revealed... Games: http://backloggery.com/wrldindstries302 \\ Music: http://www.last.fm/user/DrMorberg/ <cite>TheGoldenEel posted [p:890924859] in Do milleni... [t:76022502]...</cite> <quote>Buying a house was a great choice for me Bought it for $135k in 2012, its now appraised at ~$200k. I also refinanced this year for a better interest rate and paid off my $20k student loan debt (most of which was private with an 8% interest rate), saving myself tens of thousands of dollars in interest Ive rented out the spare bedroom to a friend for $500 a month for most of the time Ive lived here. Plus, there are just the benefits of owning your house: I can do whatever I want, not have to worry about making or hearing noise from people through the walls, replace and remodel things as I want, laundry is so much more convenient (and I dont have to pay), I have a lot more space than I would in a comparable apartment, etc It really does depend on location, and right now idk if Id be able to buy anymore if I hadnt already because prices in my area are skyrocketing. Like my house is 1100 sq ft 2br/1ba with a small yard and it would cost over 200k at this point which is ridiculous in the midwest</quote> ... Copied to Clipboard!
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Current Events > Do millenials view houses as an investment? (+) Yeah! (+)

Current Events > Do millenials view houses as an investment?