I own my mom's basement... Does that count?

I owned a duplex until last Febuary. Im placing my money and will look at what the market will be in the next 5 years, so im back on rent.

I rent, much like the other 8 million people in southern california.

If i lived anywhere else, I would buy. here is not worth it right now, real estate prices are dropping. A condo will set you back around $600k, then you have HOA fees ($300 to $600) a month on top of your mortgage. then property insurance, real estate tax, etc.

I'am a midnight rambler

Right now I rent... I'm paying $1600 a month for a 750 sq feet 1 bedroom apartment, I have no idea why, I guess that could be half of a mortgage payment.
It's pretty much money down the drain, although the pool and gym is fabulous.

I have bad credit from many years ago, I think the statue of limitations for a lot of the bad debt is falling off this year and next year (it's almost been 7 years). Once I get my points up and rebuild my credit I will buy a house asap.

good thread

Yeah, but my Ma's basement is baller. And I have a big screen tv and a BMW. So HA.

I own

bought this house in oct.

I own, and own rental property.

Why?

For one thing, with the renovations I have set in motion this summer, my rental house which I originally bought for just under $70K 12 years ago will be worth over $200K in today's market.

Not that I'm thinking of selling. The house also brings in rental income.

For me, owning real estate has been a pretty good investment so far.

http://www.amateurcleavage.com/gfy/outside01.jpg

Bought my first house in 2005 and really made out like a bandit in this market.
First house was an average home for the area, $135K. I bought with no money down, and three months later Katrina hit. We had no damage.
The value of the property went up 50K literally overnight.

Normally that wouldn't do you any good because if you sell you still have to rent or buy something else at the same inflated price that you sold for, but we found a really good deal on our current house. Bought it from a guy who just wanted to get out and who didn't have an agent.
So I bought the 2nd house no money down, sold the 1st one for 50K more than I bought it for, and six months later did a refi on my current house, and it turns out I have 50K equity in this one too.

I was planning on investing in rental property this year, but it looks like the market is still too inflated to find a good deal. I may have to wait a year or two once people start to get into foreclosure trouble when the ARMs reset.

I rent

fuck owning, I have no idea where I want to be or settle down at, owning anything as large as a house limits me somewhat to the responsibility of owning something that big

Own a house and a condo. The condo is going to be my workspace in a short period (penthouse corner unit.. great view).

pwn3r...

Homeowner baby!!!!

We been renting the last 2 years.
We had a tornado that tore out house to shit a couple years ago and we were going to rent for a while. Well, we finally got around to getting a house.
In fact, we get possesion of our new home Tuesday.
:thumbsup

i stay at a dorm, i m a univercity student...

Really? I love my BB perl. Why do you hate yours?

.....this is just too easy. no comment :error

I'm a homeowner. I have a condo. I wouldn't want anything with more responsibility than a condo since I travel a lot and plan to travel more in the future. A condo can easily be rented out.

I have my own cardboard box near a sewer grate.

Didn't want to buy until we knew we were staying for sure somewhere. Next place we go we're buying. :)

I own my house and two other units outright, no mortgage or anything. Just damn evil property tax each year.

Looking at buying a new place this year, 300+ acres, year round streams, self irragated crop areas, plus 2 houses on it. One is the main house other is a "mother in law" house or some shit. Plus a few shops, some garages, and whatnot. Oh and always deeded water and mineral rights.

We own our house and have some rental property. In the process of trying to buy the building that our Deli is in.

Homeowner of course.

Homeowner. We bought into the "American Nightmare" ;)

Can you make me a really good sandwich and drop it in dry ice and ship it to me? Im hungry... :)

I make a kick ass Reuben. The place had a Hollywood theme when we bought it, so when I added that to the menu (it's my favorite) I called it the Pee Wee Herman. On the large 14 in roll, it's almost 2 pounds of meat and cheese and kraut.

I'm surprised as hell to hear that. Given the space constraints, I would have thought the exact opposite. Not only that, I would have expected a higher appreciation rate than countries like the USA.

To what do you ascribe the depreciation of real estate in Japan?

I take it this is only for residential, not commercial?

Neither of the two:)

Interesting I also have 2lbs of meat... hehe