Random Thoughts - Part Deux [NO POLITICS]

[Sapphireho]

Originally Posted by Teseo

Time to start new hobby

Like?

[Kiske]

Went to renew my lease on the house I'm renting. They are now asking $2800 a month, double of my current monthly amount, which was too high then.

Been doing credit cleanup, checks, financing and talking with realtors. I've pretty much given my email, phone and mail box herpes. Every company and their mother has been trying to contact me now. Just entering my information into Zillow resulted in 33 text msg and voicemail/calls in 2 days.

[Teseo]

Originally Posted by Sapphireho

Like?

Video games, trading cards, build scale model... read?

[p1l0t]

Originally Posted by Kiske

Went to renew my lease on the house I'm renting. They are now asking $2800 a month, double of my current monthly amount, which was too high then.

Been doing credit cleanup, checks, financing and talking with realtors. I've pretty much given my email, phone and mail box herpes. Every company and their mother has been trying to contact me now. Just entering my information into Zillow resulted in 33 text msg and voicemail/calls in 2 days.

Real Estate is the best hedge against inflation.

Sent from my SM-G920P using Tapatalk

[Sapphireho]

Originally Posted by Teseo

Video games, trading cards, build scale model... read?

I'm 54, I grew up with video games, really can't stand them now. Have a trunk full of trading cards from the 70's. I even have laugh-in cards (the show).

I collect ho scale slot cars and have a big track. I also have built many other scale cars. Here are two hard body slot cars built from several model kits.

I hate reading novels. They bore me most of the time.

Any other suggestions?

[spike021]

Originally Posted by Kiske

Went to renew my lease on the house I'm renting. They are now asking $2800 a month, double of my current monthly amount, which was too high then.

Been doing credit cleanup, checks, financing and talking with realtors. I've pretty much given my email, phone and mail box herpes. Every company and their mother has been trying to contact me now. Just entering my information into Zillow resulted in 33 text msg and voicemail/calls in 2 days.

Renting is the worst.

I have such a good deal on a place right now even though I want to move that I might just wait it out another year (rent control at least..) and maybe see about buying a condo..

I hate throwing away the money that places where I live are asking for.

[p1l0t]

Originally Posted by spike021

Renting is the worst.

I have such a good deal on a place right now even though I want to move that I might just wait it out another year (rent control at least..) and maybe see about buying a condo..

I hate throwing away the money that places where I live are asking for.

Especially now when it's actually cheaper to buy than to rent. It's one thing when renting is $800 and owning $1000. The $200/mo equity (after taxes interest blah) might be better invested in stocks or something. But when it's $1000 to rent $800 to own the place it's a no-brainer. (assuming you are going to live there for like 3-6 years so the closing costs don't ruin it for you)

Sent from my SM-G920P using Tapatalk

[humfrz]

Originally Posted by Sapphireho

Like?

Well, you could get a head start on building your AC units for this summer .....


humfrz

[Kiske]

Originally Posted by spike021

Renting is the worst.

I have such a good deal on a place right now even though I want to move that I might just wait it out another year (rent control at least..) and maybe see about buying a condo..

I hate throwing away the money that places where I live are asking for.

Pretty much. With my garage though I cannot really go back to renting an apartment or most condo's here unless I pick up a few storage units and cram everything into. It was quite the quick notice and really has me running around.

Days like today I really wish I could give up possessions which would make life so much easier. Probably go postal though if it weren't for distractions.

[Sapphireho]

Originally Posted by humfrz

Well, you could get a head start on building your AC units for this summer .....


humfrz

Oh shit, you're right.

[spike021]

Originally Posted by p1l0t

Especially now when it's actually cheaper to buy than to rent. It's one thing when renting is $800 and owning $1000. The $200/mo equity (after taxes interest blah) might be better invested in stocks or something. But when it's $1000 to rent $800 to own the place it's a no-brainer. (assuming you are going to live there for like 3-6 years so the closing costs don't ruin it for you)

Sent from my SM-G920P using Tapatalk

Yeah.. Even here the cost to own is high. But it's like you said, if I'm paying roughly the same amount to own vs rent then I might as well own and at least I'm investing the money and keeping the value for myself.

Originally Posted by Kiske

Pretty much. With my garage though I cannot really go back to renting an apartment or most condo's here unless I pick up a few storage units and cram everything into. It was quite the quick notice and really has me running around.

Days like today I really wish I could give up possessions which would make life so much easier. Probably go postal though if it weren't for distractions.

You definitely need a garage for those cars you have But yeah, I can't imagine downsizing like that.

At least for me right now I have an apartment and only need an apartment.. so a condo would be just fine.

Pretty sure a coworker was in the same situation last year though and he ended up buying for like 400 or 450k..

[humfrz]

Originally Posted by Kiske

Went to renew my lease on the house I'm renting. They are now asking $2800 a month, double of my current monthly amount, which was too high then.

Been doing credit cleanup, checks, financing and talking with realtors. I've pretty much given my email, phone and mail box herpes. Every company and their mother has been trying to contact me now. Just entering my information into Zillow resulted in 33 text msg and voicemail/calls in 2 days.

If you are serious about buying property, I would suggest that your first step would contact a lender and obtain a "pre-approval" letter (not just a pre-qualification letter).

This will establish the price range of properties you will qualify to buy.

Then go into a local (to the area you wish to buy in) real estate agency and ask the managing broker to assign you an agent/broker.

Show the agent/broker your pre approval letter and put forth some parameters for a property you would be interested in.

* timing
* location (area)
* price range
* house size
* number of bedrooms and bathrooms
* style (single story, two story etc)
* lot size

Let the agent do the work for you.

If he/she says there isn't anything on the market that fits your criteria .... then adjust your criteria.

See, how easy that is ......


humfrz

[Sapphireho]

Originally Posted by humfrz

If you are serious about buying property, I would suggest that your first step would contact a lender and obtain a "pre-approval" letter (not just a pre-qualification letter).

This will establish the price range of properties you will qualify to buy.

Then go into a local (to the area you wish to buy in) real estate agency and ask the managing broker to assign you an agent/broker.

Show the agent/broker your pre approval letter and put forth some parameters for a property you would be interested in.

* timing
* location (area)
* price range
* house size
* number of bedrooms and bathrooms
* style (single story, two story etc)
* lot size

Let the agent do the work for you.

If he/she says there isn't anything on the market that fits your criteria .... then adjust your criteria.

See, how easy that is ......


humfrz

Rules don't apply in a market where a 1200 sqft pos goes for 1.3 million cash as is.

[humfrz]

Originally Posted by Sapphireho

I'm 54, I grew up with video games, really can't stand them now. Have a trunk full of trading cards from the 70's. I even have laugh-in cards (the show).

I collect ho scale slot cars and have a big track. I also have built many other scale cars. Here are two hard body slot cars built from several model kits.

I hate reading novels. They bore me most of the time.

Any other suggestions?

Ya, replace that butt ugly table cloth you got there .......


humfrz