- Jul 20, 2012
- 995
- 177
Open houses are fun too go to, when you have nothing to do on the weekends
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Don't be that guy.
Open houses are fun too go to, when you have nothing to do on the weekends
get bigger than you cam afford. a studio is a waste. plus it will be hard to unload. thing is, dont believe pics, go look at the unit itself.
A decent home here in an upper middle class will run you $1M easy. That's nothing to write home about too. Figure down is going to be at least 20%, I'm not comfortable doing that yet. Also, I'm not sure if I want to live here for the upcoming years. Just a year ago I was flying around the Midwest for potential opportunities. I'm still single and marketable so I want to take advantage of that.You're in LA right?
I really think you're better off buying instead of downgrading, if at all possible.
At the moment I'm not on my own, I rent a 2 bed apartment, but I'm moving some time next year. I looked at a few rentals just recently (thought I was going to move but ended up not) and even inland (San Gabriel, Pomona etc.) a decent 1 bed is between $800-1.1K, so now i'm 100% set on buying most likely a condo when I move out.
you're right that renting is a waste of funds, LA county & some cities provide first time home owners with grants for down payment & closing cost, some are $10-15K+, often free as long as you live in the condo/home for a certain time.
I wouldn't downgrade to a studio, unless you really have to. personally I do quite a bit of cooking & baking, studio kitchens tend to be built for midgets, lack of counter space etc...
Hard to unload? You bounce after the lease ends. I'm not copping it. I've looked at several studios before and they seem cool. I also like hitting up IKEA and see what they do with their 500-700 sq ft studio layouts. I work like 12-14 hours a week. I come home to knock out usuallyget bigger than you cam afford. a studio is a waste. plus it will be hard to unload. thing is, dont believe pics, go look at the unit itself.
A decent home here in an upper middle class will run you $1M easy. That's nothing to write home about too.
Multitasking while eating dinner.12-14 hours a week eh? I do 50-60 myself
Must be nice Wis
I outsource to other NTers with free time.Curious to know how the homie Wis pulls off a 14 hour work week.
Multitasking while eating dinner.12-14 hours a week eh? I do 50-60 myself
Must be nice Wis
I outsource to other NTers with free time.Curious to know how the homie Wis pulls off a 14 hour work week.
Shoutout to the book: 4 Hour Work Week
A good read btw.
It was a typo, my friend. Supposed to say day. Yeah I know there are starter homes, but I'm not sure it's in the cards for me as of yet. Although HGTV got me feeling like Tim the Toolman sometimesWell, it's important to remember that there are such things as starter homes
first time buyers are not dropping anywhere near $1M on their first home....even in LA, Pasadena etc..
i agree it's a good idea to take advantage of your talents, in that case it might be wise to downgrade and save more funds for traveling.
12-14 hr work week is dope though...
A decent home here in an upper middle class will run you $1M easy. That's nothing to write home about too. Figure down is going to be at least 20%, I'm not comfortable doing that yet. Also, I'm not sure if I want to live here for the upcoming years. Just a year ago I was flying around the Midwest for potential opportunities. I'm still single and marketable so I want to take advantage of that.
I would never do the IE. I would do Burbank, Glendale, Pasadena, Irvine, Newport or parts of SD if I settle here.
I hear you on space. A friend has an apt in downtown. You can't open the oven and dishwasher simultaneously because they'll hit each other
Hard to unload? You bounce after the lease ends. I'm not copping it. I've looked at several studios before and they seem cool. I also like hitting up IKEA and see what they do with their 500-700 sq ft studio layouts. I work like 12-14 hours a week. I come home to knock out usually
Saving the bread for when I'm ready to settle down.
Curious to know how the homie Wis pulls off a 14 hour work week.
NT what's a good way to determine whether you should continue to rent or go out and purchase?
In my situation, buying can incur a lot of fees, and I'm not ready for that yet. Renting comes with the flexibility, and I'm fairly young, so I honestly don't know what city imma end up In 3 years...and right now, my rent payment is about equal to a mortgage payment
Plus add the fact that I'm trynna get a new whip to add onto my current joint. I would feel a type of way having 2 cars but still paying rent in an apartment.
I really want to own my ****. But I don't want to have to accept a career across the country then have to worry about renting my purchased home out to some tenant who may or may not pay their rent. Feel me?
What should I do? Not to mention that if I do purchase, it may be on some FHA 3.5 down payment or 100% financing program. And with those programs there are limits to how long you gotta stay in the home before you sell.
But if I continue to rent, how will I even be able to afford a home mortgage if I'm throwing money down the drain?
I just want to live comfortably and not bite off too much to chew
Curious to know how the homie Wis pulls off a 14 hour work week.
Don‘t know about others, but I often do 10-13 hours a day on the busy weeks. Comes out 50 or so, but it feels good to work hard, to appreciate what that you are earning as a man. There ain‘t short cuts, its just that people do not see the hard work people do in the back.
You are trying to get another car for what reason?.
yeah... 2K is my breaking point...I think most folks in bigger cities go the small apartment route because rent is killer. I'm in SoCal and nice apartments around the 700 sq ft can easily surpass $3k in rent in nicer areas. In a sub-middle class or lower middle class area, it's around $1-1.3k per month.
My friend up in the Bay is commuting like 30 mins to work to get a lower priced apartment (1 bedroom at $1700 per month). Reason why I never entertained relocating up there though it's mad nice
I refuse to pay over $2k per month for rent (essentially throwing money away) so I need to finesse it.
How do you dudes store ironing board? It's gonna be hard with a studio unless you have it on a hinge that can be lowered/raised from the wall. I know I need cubicle dividers to store my clothes already. I also like to read a lot of books, may have to go the e-reader route, which I really dislike.
yeah... 2K is my breaking point...
it becomes then "why arent you just buying something"
I went from a 1 bedroom to a studio. Best decision I have ever made. In my one bedroom, the bedroom was just my closet. In my studio now I have my bed separated from the living space by a bookshelf. I have a TV mounted on the wall, and it can be watched from my "living space" or I can rotate to where I can watch it from my bed. I save 300 dollars a month on just rent, and about another 60-80 dollars on the electric bill. For a struggling brother like myself, downsizing really helped.For the single cats who stay solo: you guys ever thought about doing a studio? I've been thinking lately from a 1 bedroom. I think spacing can be cool if you lay out correctly. I'm rarely at home and don't really have big gatherings.
It'll take less energy to heat and cool the place. Cleaning will take less time too. I've done my research and saving is only about $300 or so a month. Wouldn't be the primary reason for scaling down. Until I'm hitched, I'm rolling with the minimalist set up. No grand piano or anything yet to take up mad space. Lol.