Own or rent

Discussion in 'The Howard Stern Show' started by Boomer, Mar 16, 2015.

  1. Boomer

    Boomer Who is your daddy and what does he do?

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    Do you own or rent? I'm looking into buying my first house and a bit nervous. Lots can go wrong and it's all on my shoulders.
     
  2. Jayla

    Jayla Ou ai-je l'esprit? Gold

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    Own. And you're right to be worried. :giggle:
     
  3. LawyerLarry

    LawyerLarry Mr. Fuckmoney in the Bank VIP

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    I rent an apartment and have no desire to own a house. I'll take whatever my parents leave me when they die.
     
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  4. Ta Ta Toothy

    Ta Ta Toothy Well-Known Member

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    Used to own, but lost my home in the last recession.

    Thanks Obama.
     
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  5. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    Buy!!! Interest rates are still at historic lows. Also, if you can qualify, get a 15 year fixed instead of 30 year.
     
  6. Mlaw

    Mlaw Quite Contrarian Gold

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    own, and will be mortgage free in May---if you decide to buy, buy the shittiest house in the best neighborhood. The only thing you can't change is location. Everything else (within zoning and building codes) can be improved. Look beyond the cosmetics and be ready to work your balls off. Make sure you put as much money down as possible, and borrow 25% less than the bank pre-approves
     
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  7. broccoli rob

    broccoli rob thanks for the memories DW3

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    if it flies, floats, or fucks.... rent it
     
  8. Mlaw

    Mlaw Quite Contrarian Gold

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    :rolleyes:
     
  9. Rip mcdivvit

    Rip mcdivvit Well-Known Member

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    Own and upside down since 2007. Would love to move.
     
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  10. HowieStearn

    HowieStearn HateClub

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    Buy a newer house and get it inspected before you buy. And don't hire the cheap inspector, or the one the realtor suggests. Don't believe what the realtors are telling you- they're as honest a used car salesmen. (in general, there are exceptions like Vegasgirl :D)
     
    Last edited: Mar 16, 2015
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  11. cygnus2112

    cygnus2112 In The Prep Room

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    Own. its a buyers market right now.
     
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  12. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    Unless it's a great deal in a great neighborhood AND you need the space AND you can do a lot of maintenance, it's usually better to rent.

    Homes are a place to live and are not an investment when you factor in taxes, interest and upkeep over the years.

    I own but it's a 1600 sq foot place in a great town and I own a construction company so I can do a lot myself.
     
  13. Mlaw

    Mlaw Quite Contrarian Gold

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    not here
     
  14. RobsDad

    RobsDad Well-Known Member VIP

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    If you can afford to own, do it.
     
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  15. floplop

    floplop Well-Known Member

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    owner of a house for 17 years.
     
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  16. Rip mcdivvit

    Rip mcdivvit Well-Known Member

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    Location is vital. Dont get the notion that u can singlehandedly change one too. Having the best house in a bad location is a great way to piss your money away.
     
  17. Mlaw

    Mlaw Quite Contrarian Gold

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    not if you buy at the right time and pay it off in 12-15 years
     
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  18. Mlaw

    Mlaw Quite Contrarian Gold

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    ...and interest and taxes are deductible
     
  19. Rip mcdivvit

    Rip mcdivvit Well-Known Member

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    That mortgage interest is a sweet deduction.
     
  20. Margos

    Margos Sprinkles are for winners.

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    I own a small home. Don't buy more than you can afford each month, and don't forget to add in all the extras, taxes, insurance, maintenance. I would hate to be house poor and have all my money going into a property that I can't really afford, but was able to get with creative financing.

    Good luck!
     
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