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Sounds Like you hate me LoLOriginally posted by DarkJedi
I laugh at people who live in tiny apartments but drive status carsComment
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I agree. Bought a house in '97. CPA told me I needed the interest for a write-off so I didn't pay cash, but since then he's decided the interest isn't doing as much good as paying the house off does. I'll be paid off in February...yehaaww.. then I can sit back and watch it increase in value every year.Originally posted by Amputate Your Head
some of you guys got your priorities mixed up.... a shiny BMW isn't going to increase in value like a house will. And it's not going to help you on your taxes either, like a house will.
and 400 square feet???
My deck is 1200 sq ft.
As for the 400 square feet. My bedroom is way bigger than that. I think my first apartment was 700 sq feet.
As for a 1300 square foot apartment..why pay in rent what you could be paying on a house payment?Comment
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Mine's 850 sqaure feet!Comment
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I have been advising bankers, investment firms and individuals about real estate matters for the past 8 years on a daily basis so I think I know a thing or two about real estateOriginally posted by seven
You don't think world goes round according to what "smart money" says now do you? I have a cousin that owns 80 apartments and a relative that buys and sells houses and both got about 100% of their assets in real estate. Each of 'em got more than 1 fancy car but bought 'em long after they bought their first houses.. and oh if you tell them about smart money they'd prolly say.. well.. prolly won't say anything but just laugh out loud that's all
I'm sure most people don't need smart money to tell them that tying up all your assets in real estate is simply crazy no matter how poor or rich you are.Comment
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That's one of the smartest things ever posted on GFYOriginally posted by seven
well if you are not wasting your money on a fancy car that should be okay but then again a moderate size house value in a good area appreciates more over time than a condo(apt). I lived in a condo/apartment and I also lived in a house all by myself in the past and tell you it's nicer living in a house even when you are alone specially when you know you won't lose a cent instead may profit some with the house that you bought. You gotta think about your future children too what you do now will effect them in future. Othewise they may badly miss the money you wasted on stupid stuff and have them face proverty. Also, when have a house of your own and maybe a couple rental properties no-one will tell you not to buy a fancy car then
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A friend of mine bought a house a couple of years ago. 300 thousand australian dollars. Paid for it cash. He has driven a 1979 holden commodore since the early 80's, and only recently bought a '95 model i think (which at the time he bought it, would have only set him back about AU$12 thousand).
It's funny. He'll tell me about all the people he knows, driving 50 thousand, 100 thousand dollar cars, complaining about their mortgage payments and their car payments. Ahh yes. I laugh at them too.26 + 6 = 1Comment
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rent in florida is damn cheap what would you expect people to do with their moneyOriginally posted by atomic2500
this is the way it is in S Florida
nice ride, no house.
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Originally posted by chodadog
A friend of mine bought a house a couple of years ago. 300 thousand australian dollars. Paid for it cash. He has driven a 1979 holden commodore since the early 80's, and only recently bought a '95 model i think (which at the time he bought it, would have only set him back about AU$12 thousand).
It's funny. He'll tell me about all the people he knows, driving 50 thousand, 100 thousand dollar cars, complaining about their mortgage payments and their car payments. Ahh yes. I laugh at them too.
Car payments.....baahh....haven't had monthly car payments since the early '90s. Cars cost enough already and start depreciating the moment you drive off the lot.. why make monthly payments plus interest on top of all that.Comment
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Hey, I posted this troll on fuckedcompany this morning! :sadbanana:Originally posted by DarkJedi
That's a nice BMW you've got there, Mr Tran, too bad you can't live in it. Enjoying your 1 bedroom 400 sq ft apartment?
morons.Comment
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ThanksOriginally posted by inthestars
That's one of the smartest things ever posted on GFY
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welcome to new york cityOriginally posted by DarkJedi
That's a nice BMW you've got there, Mr Tran, too bad you can't live in it. Enjoying your 1 bedroom 400 sq ft apartment?
morons.This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
Now read without the word dog.Comment
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Ding ding ding!Originally posted by Alex from Montreal
Not necessarily. Smart money says you will be better off renting an apartment and investing the difference between the rent you pay and the total monthly cost of owning a same size apartment.
In some places, real estate is just rediculous.. example: here in San Diego, prices are just out of control. To "own" my condo, mortgage+homeowners+insurance would be about $7500/month. Rent is less than half that. I can earn much more on my money by investing.
Nothing is applicable 100% of the time..Comment
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My point exactly.Originally posted by Big E
Ding ding ding!
In some places, real estate is just rediculous.. example: here in San Diego, prices are just out of control. To "own" my condo, mortgage+homeowners+insurance would be about $7500/month. Rent is less than half that. I can earn much more on my money by investing.
Nothing is applicable 100% of the time..
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The status car / house was one of the examples.
Everyday I see people who spend thosands of dollars on brand clothes, buy 10k watches etc, but live in real shitty appartments and constantly borrow money from someone else.
I find it extremely stupid.Comment
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I still say housing in the best indicator of wealth, only because it's the hardest to "fake". Paying $10k for a watch is a lot easier than spending $3000-4000/month on a housing payment (rent or mortgage).Comment
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Agree with Dark Jedi on this one. Best thing I ever done was to buy my fucking house.
Property in the UK has rocketed the past few years.
My house has nearly doubled in value in the 2 1/2 years I have lived there.
I don't endorse a god damn thing......
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lots of asians are like that here in Toronto...they drive these "souped" up (I dunno how to spell it) cars and you go to their houses and they either live at home still or live at jane/finch (our ghetto) in a roach infested apartment..
personally I'm saving for a house, equity is much more valuable here in toronto...especially the location...Odie
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I live in this 700 sq feet apartment (rented) and I don't have any car. I'll buy one next year for around $10k.Comment
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same hereOriginally posted by chodadog
if you buy a $100k car and have to struggle to make they payments -> you = idiotI don't use ICQ anymore.Comment
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I have no use for a big house, I love my small apartment and I love my status car!
Go Fuck Yourself!
ICQ 101411627Comment
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triple that bottom number for californiaOriginally posted by RossComment
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Sounds like someones been reading rich dad poor dad,Originally posted by Phoenix
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Mailers! ICQ me I want your traffic!!!!
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I'd like to have both, a big house and an expensive car.
(Mercedes C 230 V6, 39 month lease @ $ 299.-/mo. Can't beat that, it needs almost no gas)Jenny Seemore
Pornography is the bloody gladiator who stands guard over the First AmendmentComment
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I knew a guy that lived in a little shitty apartment for about 1 year while his $2 million dollar custom home was being built.ThisWillShockYou.com DVD Store - TWSY UNCENSORED
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ok who has been bumping old threads again...Comment
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Parents that buy their kids nice cars make me sick.Originally posted by bdjufwhen I went to LA this is all I saw
punk ass kids driving their dads benz and BMW's, yet living under welfare, disgusting
Mostly out of jealousy.- David Hall
ICQ: 312744199Comment
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I laugh at you laughing at those people.Originally posted by DarkJedi
But yes, it is pretty silly...Investor with 5m - 15m USD to invest. Do you have a site or network of sites earning 50k - 200k a month income? Email your contact and preliminary data to: domain.cashventures (at) gmail.com....Please...no tire kickers...serious offers and inquiries only.
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I drive a Lambo and live in a shack with no running water. Chicks love it. They say that I'm "eccentric"Comment
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over 20 years, you'd pay 300k interest on a 250K loan (thats the figures I worked out a few months ago)Originally posted by Amputate Your Head
because renting = flushing money down the toilet.
if you payed 200 p/w rent for 52wks x 20 years that equals 200K. If you saved like you would have paid a mortgage ($250pw x 52wk x 20) thats $260k in savings, not including interest, dividends or money made from investments.
With that you can argue rent going up (like I could say interest rate going up), inflation, a property boom etc. you could also include the 3-6% a year your property will go up (some are going up higher right now, but they're the ones you can't afford to buy now anyway), and I could argue shire rates and their steady increase, property upkeep etc,Last edited by biftek; 08-04-2006, 05:56 PM.Comment
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Fuck status
I love Porsches because they represent the very best in quality, not becasue I give a flying fuck what some gold digging wench thinks of me.
Anyone here ever heard of..........Le Mans?
or Nuburgring 24 hours? it's where peices of shit don't last 2 hours
"status" at those races is irrelevant...quality isn't.
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So true. Fuck them!Originally posted by bangman
Go Fuck Yourself! ICQ 101411627Comment
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I laugh at people who drive status cars but are in major debtComment
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Yup that's how I see it also, totally agree with you on that one.Originally posted by biftek
That counts for most areas, atleast where I live .... prices don't really skyrocket here.
I'm renting a house, so I guess I'm not allowed to have a sweet ride huh
Well I'm renting mainly because I like to move every 3-4 years hehe
who are forced to live in shitty place because of the payments they need to make for their status car are idiots ... those that choose to live in a (small) rental crib aren't by default idiotsSpank me
Dude, where's my traffic?Comment
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Originally posted by KaromeesisFuck status
I love Porsches because they represent the very best in quality, not becasue I give a flying fuck what some gold digging wench thinks of me.
Anyone here ever heard of..........Le Mans?
or Nuburgring 24 hours? it's where peices of shit don't last 2 hours
"status" at those races is irrelevant...quality isn't.
It's actually "Nürburgring", but you are right, once you've driven a Bimmer, a Porsche, or a Mercedes you know what quality is, and safety too.
A couple of weeks ago I saw an old geezer in a 1974 Diesel Mercedes in a parking lot. He'd bought it new in `75 and has been driving it ever since.
You don't see Lexus' or Coyotas driving around from the seveties.Jenny Seemore
Pornography is the bloody gladiator who stands guard over the First AmendmentComment
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To me, it depends on what you want or need more. I live in an older house that we are renting, and getting ready to build. The new house will be 3 story on a mesa over looking the coast line. Should come about to about 4500 sq ft. So, we have not gotten a new car in some time. I still have my 2002 truck. We have to pay cash for the house, so saving is importantComment
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If you do not have familly, you may have a car better than the house, but when you have one, this is the family that you have to care about so buy a good house and fuck the car.Comment
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The thing is if you spend all your $'s on a sports car you won't really enjoy that car I think! I could mortgage my home and buy the best new lambo or something but I'd be shitting myself everytime I drove it in case i scratch the paint!
I love my car but I thrash it on the road and on the track! yea I will lose money on it and possibly write it off but fuck it whats the point in having a high performance car if you are just going to polish the fucking thing all day?!Last edited by s9ann0; 08-04-2006, 08:29 PM.Comment
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Yeah but you're a homosexual pretending to be a straight player. Your vote don't count. Sorry. Thanks for playing though..Originally posted by bdjufwhen I went to LA this is all I saw
punk ass kids driving their dads benz and BMW's, yet living under welfare, disgustingComment
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WTF is better than a Civic? VTEC 4 Life!!!Originally posted by DarkJedi
Cary | AIM: cheesefrog | ICQ: 4287002Comment
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Laugh all you want but you and your shiny BMW will be crying at the gas pump within a few years..Originally posted by CheeseFrogWTF is better than a Civic? VTEC 4 Life!!!Comment
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Yep I totaly agree, I couldn't see myself living in a house when I was not married, no point really. Too much upkeep for a single guy. Downtown condo's are the way to go for a single guy.Originally posted by Twe Russ
Darling, this goes for different people. Me personally i am not a house
kinda guy, and this goes along with any guy who doesnt have a family.
Why buy a big house where you will live alone? Id get a nice apt in NYC,
nothing big, nice view.. nice area and thats it, until i am like 30+ and
ready to get going with the family thing.
Then once you're married get a house cause you need the extra space as the condo gets way too crowded with two people living in it.Comment
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Who bumped yet another classic DJ thread?Comment
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Originally posted by TheLegacy
You know as well as I do that 400SQ Feet is not uncommon in Toronto and can actually cost you up to 2k a month in rent, if its in the right building!Comment
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dang where do you live? up where i live nice house 2.5 million.Whats so weird about that?
Nice BMW $60,000
Nice house $250,000
in vancouver 250k can buy you a nice garageComment
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...lol well it's all about the car sometimes!!
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And this is where your money should go.Originally posted by Soul_Rebel
All of us here have their own preference and nobody should question that.Comment
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You guys are way too judgemental.
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Sell Patches & Pills •Comment
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life is about quality not quantity.
Secondly, if you do the math, there is a line at about the 13-18 year mark where owning property outweighs renting for the same value. If you're young and don't plan on renting for more than half of that time then it makes FAR FAR FAR more financial sense not to tie your life up in repayments on property.
As far as cars go, most people with `status` cars have some business interest and there would be putting it through their business. Done properly, a car lease will end up costing you *LESS* than if you were to buy it outright (10-20% less after your negotiated price).
Times change. Keep up oldies!Comment
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