Quote:
Originally Posted by GeorgeJFrick
I'll just say a home is not an investment and any attempts to view them as such usually ends in tears. Taxes are a son-of-a. There is the whole "it's 2am, 15F outside and the furnace just died" thing. Or you know, squirrels in the attic. Go ahead, ask me how I know about all these horrible things. Before you know it you have Green Building Advisor and Building Science in your daily blog roll.
But F yeah I put speakers everywhere, cat6 everywhere, etc. When renting, and there is a squirrel in the attic; you can hurt yourself legally by doing something about it. So the problem goes both ways. When your landlord keeps rigging the furnace up on you; suddenly you are forced to start an apartment search...
But as mentioned; it is best to sit down and do the math. If you look at the numbers and think "I don't want to fix my own shit"; then rent. If the math makes you think "Fuck, I could build a theatre room!"; then go for it.
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It is an investment when you buy cheap. I have a few properties I bought cheap and they'll be paid off soon. Those 3 are paying for my home and my cars
Property taxes, depends on property and area. I pay $2200 a year vs my neighbor who pays $1400.
Depends on where you look, as far as place goes. I lived in an apartment complex for a year before buying my home and starting my investments. It was nice. I paid $670 for a 2 bed and 2 garage spaces. It just got to the point where I didn't want to bring 15 bags of groceries up 3 flights of stairs lol. Plus, I also wanted my own garage space and yard to do my own things.
Biggest grip when it comes to buying a home: you have to fork out for closing costs. After that, you have to spend another 5k to get things for you home - doing upgrades, painting, etc.