Rich dad poor dad?

Good Reading. It was our first assignment in rudimentary economics. Life altering...... no. But nonetheless very insightful.

If only you knew......;)

Is someone upset that my scholastic penis is bigger than his?:bowrofl:

My rent is probably more than most people's mortgage but I still cant buy. I work for a Department of Defense contractor, and with Obama's plan to get rid of as many contractors as possible and hire government employees, I don't feel comfortable buying until the situation become more stable. I was already looking at houses before his plan became public knowledge. I've put that on hold :( Its easy to ditch a rental....a lot harder to ditch a house...especially in this market.

On one hand, I'm pissing away money in a rental every month. On the other hand, I can potentially jeopardize my entire future and never own a home....tough decision.


Edit: Not to mention, my Z is my only car and my daily driver. Sold the Titan to start saving even more.

You assume I don't know. Your argument holds water only if a person doesn't have to rent and can live free, also assuming they will be happy in an apartment or dwelling that is a rental, also assuming that "free" isn't something nice provided by a wealthy family. The monthly rent gets you nothing but a roof over your head, there is no asset. While one can argue the appreciating value of real estate relative to the dollar over time, if you have to pay for a roof over your head, I still assert you are better off to buy something at the same monthly outlay that you would pay for rent. Of course if interest rates are in double digit figures, that argument changes as well.

John

I have a Master's from UGA, it's all relative........ and no, my ego is intact, your G'town doesn't bother me, I'll sleep just fine tonight ;)

John

So now we get to the heart of the matter. This is all about the Bulldog you stole!:p

Oh hell no, I really don't care. I actually pull for the Gamecocks............. you know, the "wait until next year" Gamecocks :rofl2:

John

:icon17: Yes I believe I do.

I rent. But I also don't own a 370z. I love the area I'm in but it takes over half a million to get home here and small studio or 1 bedroom condos are 200k+ for about 500sq ft. And I'm not sure about the resale value of small condos. Plus, I'd rather have my 1000 square feet.

Though, we've recently been discussing moving a few miles off the water and getting a house in another business district. No more long walks down to the waterfront and the quaint, picturesque old downtown area. But I guess maybe for our age it's better to build the equity.

I'm totally going to get flamed for this, but if you live with your parents but drive a $30K car, you may need to examine your priorities.

I live with my parents but I am also unemployed and going to college. I do not own one yet but soon I will.

With the amount of $$ I hemorrhage each month just to live in this area, I would gladly move in with the folks if it was free (and they lived in the area) and allowed me to invest instead. I have nothing against that.

Moving in with your parents to invest is one thing, buying a $30K loss is another. Probably depends on the circumstances.