omfg. ppl are stupid. "I was responsible and decided to rent bc I
couldn't afford a mortgage." waaa waaa
That's nice. I WANTED to stay in renting. Unfortunately with three
kids, and living in a college town where you can get lots of $$
packing college students into a house or apartment big enough for a
family, um, ya, renting was prohibitive. My staff status didn't allow
me to stay in University housing.
Add on a wee bit of Schools of Choice doesn't apply to special needs
children under the age of 5 or special needs children in an ISD
program, and, well my choices of wear to live were slim. Unless I
wanted to completely uproot an autistic child's education. regardless
of how excellent or not other choices in my area are, we were getting
progress in his current program. Being that there is no known therapy
or way to do things that works for autistic kids like Tristan, I
wasn't going to risk moving him. So I got a more expensive house, can
barely pay my bills. Not because I was being extravagant, but because
I had to get what I needed. Granted, I also went for an FHA loan
rather than an adjustable rate, and didn't get the house I really
wanted, that didn't need any work, but I did get something that was
more than I wanted to pay. If I could, I'd a kept my butt planted in u
housing. itty bitty living space, extremely economical.
Every area in a single state is different, let alone the whole US,
when it comes to housing. So your big city rent is atrocious and
buying a house is even more irresponsible doesn't apply to most of the
rest of the US. Just like the college town housing issues that I deal
with aren't true elsewhere. It's impossible to lump everyone that's
upside down together.
And why is owning a home so fucking romanticized? About the only thing
I like about it is my attached garage and my fenced in yard. Both of
which are possible to obtain in a rental. poor me, I can't buy a house
because they prices increase and now you want to prop the housing
market up so they continue to increase while I was hoping I could get
something cheap while I try and save a huge down payment. and let's
not even mention what I'm paying in rent, I'm just going to assume
renting is cheaper (newsflash: sometimes it's not. think about it: you
are paying someone money on a property they have to pay a mortgage,
keep up and still make a profit. You have to deal with their get the
cheapest thing possible instead of sinking money into more energy
efficient appliances and you have to deal with their idea of upkeep
instead of your own, which may or may not save you money in the long
run. So no, renting isn't always cheaper.
And what's this "condo" = "irresponsible spending". In my area, condos
are cheaper than houses, and lo and behold, someone else takes care of
the outside upkeep! How the hell is that automatically irresponsible
spending.
I don't know what's in the housing bill, and I do kind of agree with
the idea that we had to prop up the lending area or everyone's
screwed, but why inflate the housing prices and make it harder to get
a house... I can see the logic there. Only if the housing market's
tanked, you still can't get a housing loan because the lenders can't
make any money, so it really doesn't matter if the prices drop so it's
less prohibitive... And bc I put my money to my mortgage first, I'm in
crap condition financially and can't get a loan, say if I get in a car
accident and my car gets totaled, because this or that emergency puts
me in the hole, or if I do get a loan it's at 25% so that financial
bailout only helped those with the squeakiest clean credit. but if you
don't have great credit it's because your irresponsible. because 95%
of the people voting probably don't know how it works, or think
everyone but they themselves is irresponsible.
Yes, I do spend a little too much and I nickle and dime myself to
death, but even if i didn't, I'd not have much to spare... But I'm not
grossly living beyond my means, and I kinda get the idea that as many
people don't get this or that, probably didn't get that they coulda
got an fha mortgage instead of a sub prime one... but then when
interest prices are dropping, adjustable rates look a lot prettier
than fixed ones. Most people aren't capable of going gee, I don't know
what that's gonna do for the 30 yrs I own a home. Most people don't
go, let's see if I live here 10 yrs, I'll have paid more than the
purchase price but still owe most of the purchase price, when I sell,
so even if it increases a little, I'm really not any further ahead
than if I'd just rented. Most people don't get when you're paying 650
a month in rent on a place that has all utilities included, and also
provides high speed internet and cable, you aren't throwing money away
renting. because you'd throw just as much, if not more away into a
house.
A vast majority of the 829 I spend each month (and it was higher
before I got an fha streamline refinance) goes to interest rates and
my escrow. I believe at least 5-600 of it does, if not more. To me,
that's like I'm renting. I mean gee, I get 3 or 400 more back in my MI
tax refund now, but that doesn't make up for the interest and property
tax money. A good portion of the rent you pay when you're renting goes
to the same thing, but for someone else. So it's still you paying the
taxes and interest. It's why you get those few honest lenders that say
you should only look into buying if you are paying more than 800 a
month in rent (not counting utilities).
So no, you aren't necessarily in worse shape or toughing it out by
renting. So stop your sobbing and get over it. I'd honestly much
rather be in your shoes. (unless of course my house that ended up
being on mixed use land actually does sell commercially. Then I'm
gonna be able to pay off all my debt and have a down payment for
another house, or enough money to pay rent for a few years, or if I
wanna get another crappy house I might just be able to buy it... and
then really, I don't want to be in your shoes, but most of us aren't
sitting on houses on mixed use land next to a major grocery/department
store that's being built, and in our current economy, I don't really
think my house is gonna sell anytime soon...).
1 comments:
I hear yah!
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