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  • #46
    Congrats Bsaza.
    Originally posted by nvot9
    I'm going to personally PM you when the Mets win the NL East and the Phillies don't even make the playoffs.

    Phillies 2007 NL East Champions & Back to Back MVP Award Winners.
    Indianapolis Colts 13-3
    Philadelphia Flyers 19-14-4 = 42 points
    Philadelphia 76ers 14-18
    Coach Bob Huggins 10-2

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    • #47
      Originally posted by jayceheathman View Post
      Did your gf call dibs on closet space? haha
      We have a pretty large walk-in closet. One side is about 8 feet long. The other is about 5 feet long. She has called the entire 8 foot side for herself, then we'll see how much space my stuff takes up. Really, it doesn't matter much to me. I have 6 suits, 2 blazers, 6 dress pants, and about 30 shirts that have to be hung, plus my ties and belts. Other than that, I don't have much additional need for closet space, other than shoe storage on the floor. We have a full size coat closet in our entranceway and a full linen closet separate. There is also a big closet in the second bedroom for other stuff. We are quite fine.



      I am "America's Poster"... http://www.nfldraftcountdown.com/for...9&postcount=25

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      • #48
        Congrats, man.
        Pugnacity, testosterone, truculence, and belligerence.

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        • #49
          Originally posted by bsaza2358 View Post
          I think NY is just out of control with real estate in general. The prices there are just absolutely sick. In DC, they're outrageous, but you can live there. NY is just unreal, but that also forces gentrification, which is good. DC real estate has started to do that, which helps the market. I think the elections will help swing the market back, but we're not moving out or selling for at least 2 years. This is one of the last moves I ever want to do. Ideally, we will take the equity and profit from the condo and move it into a small house, which can later be moved into my permanent home. I hate moving...
          the amazing thing about DC is that there's only going to be X amount of square footage available due to zoning laws and the lack of skyscrapers and historical zoning (i.e. parts of gtown)... this in turn pushes people out of the city into the direct suburbs of montgomery county (jesus christ it's expensive), pg county (which is turning expensive), southeast (which isn't that bad, contrary to popular belief... i lived there when i lived in DC. it wasn't horrible... no worse than when i lived in NE)... and alexandria/arlington counties (which are a marvel in themselves)...

          wow, the more i think about it, the more i really miss DC.
          http://i38.tinypic.com/2aj2s7t.jpg
          For a good time call (303) 499-7111.whitspacsig by steel man

          United: "I actually went to the college I root for"

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          • #50
            Originally posted by Jughead10 View Post
            First off congratulations. Sounds like you have a plan with the house.

            You are correct, the cost of owning a home is ridiculous right now. Like SuperKevin said, rent in my opinion is pissing away money. You get nothing in return for it. At least paying towards a mortgage is an invesment, and you hope eventually the market will turn and you can profit somewhat on your investment when you want to move into something bigger. At this point in my life, just turned 24, I hate the fact that I live with my parents. But as a single guy working in NJ, where houses are through the roof, it is nearly impossible to own anything on my salary alone. And like I said, I don't want to fall into the rent trap, especially in this area as rent is through the roof as well. Along with getting down from current 231lbs to around 200, my other New Years resolution is to really stock away the money. I've been saving for a down payment for a while, but I should be saving a lot more than I am especially with not having to pay rent right now, although I do help my parents out a bit since I'm still living in their home.
            Its impossible to know whether or not to rent/lease or to buy a property. If you buy it you have to pay property tax and if you rent all you are paying is the rent money. If you buy a house then things will break down and you will have to have them replaced. Diswashers, A/C units, heaters, plumbing, will all wear down and you have to replace them. Those things arent cheap either. If you rent a lot of places will fix it for you. Its a tough call. If you bought a house in Las Vegas 10 years ago then you are laughing all the way to the bank.

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            • #51
              Originally posted by jayceheathman View Post
              Its impossible to know whether or not to rent/lease or to buy a property. If you buy it you have to pay property tax and if you rent all you are paying is the rent money. If you buy a house then things will break down and you will have to have them replaced. Diswashers, A/C units, heaters, plumbing, will all wear down and you have to replace them. Those things arent cheap either. If you rent a lot of places will fix it for you. Its a tough call. If you bought a house in Las Vegas 10 years ago then you are laughing all the way to the bank.
              Its never a question whether to rent or own. If you have the capital, and have a stable job that won't require to relocate often, you buy, build equity and acquire things that you actually own.

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              • #52
                Originally posted by andyjo672 View Post
                Its never a question whether to rent or own. If you have the capital, and have a stable job that won't require to relocate often, you buy, build equity and acquire things that you actually own.
                Its more convenient to buy and not have people above or below bothering you. It sucks when you want to study and people across from you are having a party or vice versa. When you buy you have to pay property tax and that isnt cheap. At my parents house within the last 2 years they have had to replace both of the A/C units, the heater, the shower needed all new plumbing, the dishwasher needed to be replaced, 2 toilets had to be replaced, and the roof needed replaced. I believe they said it cost close to $40,000 and they havent got to the roof yet. They called insurance and it said it would cost close to $20,000 if not a little more to fix the roof. For that $60,000 I could live in a really nice apartment for almost 10 years just off of the cost it took to replace those items. Also when you buy you have to have someone waiting around all morning for the workers to come. If you cant find anyone to do it then you have to stay home from work and lose money. It can be more of hastle than people think.
                Last edited by jayceheathman; 01-06-2008, 05:33 PM.

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                • #53
                  A word to the wise, don't give the woman the credit card. ;)


                  Another sig courtesy of BoneKrusher

                  Originally posted by JBCX
                  Despite looking better against an underachieving Eagles team, I still think the Bears are one of the worst teams in the NFL. I smell a blowout victory by the Lions this week and a division sweep.

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                  • #54
                    Originally posted by jayceheathman View Post
                    Its more convenient to buy and not have people above or below bothering you. It sucks when you want to study and people across from you are having a party or vice versa. When you buy you have to pay property tax and that isnt cheap. At my parents house within the last 2 years they have had to replace both of the A/C units, the heater, the shower needed all new plumbing, the dishwasher needed to be replaced, 2 toilets had to be replaced, and the roof needed replaced. I believe they said it cost close to $40,000 and they havent got to the roof yet. They called insurance and it said it would cost close to $20,000 if not a little more to fix the roof. For that $60,000 I could live in a really nice apartment for almost 10 years just off of the cost it took to replace those items. Also when you buy you have to have someone waiting around all morning for the workers to come. If you cant find anyone to do it then you have to stay home from work and lose money. It can be more of hastle than people think.
                    Being a financial adviser, my job essentially comprises of telling people how to spend their money. And to hear someone telling other people that renting is a better financial decision than buying, makes me throw up a little bit.

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                    • #55
                      Originally posted by 7-11 View Post
                      Being a financial adviser, my job essentially comprises of telling people how to spend their money. And to hear someone telling other people that renting is a better financial decision than buying, makes me throw up a little bit.
                      I'm not saying buying isnt a bad decision but I am not dissing it and saying its always better over renting because it isnt. Its impossible to know which one is better. No one can predict which area people are going to want to buy in the future and as a financial advisor you should know that. If you did know it you would be a millionaire.
                      Time=money and renting saves you a ton of time because a lot of things the front desk can take care of. A/C is broken, no problem. When you buy you have to use up all day to wait around for the guy to come and fix/repair it. Its definitely the case with a bigger house. Do you want to use a sick day just so you can be around to let the guy in? With a bigger house you are probably going to have a bigger lawn. Do you want to use up time to do it or are you going to pay $50-60 to hire someone else to mow it? That adds up because it will need to be done probably once every 3 weeks.
                      Whether or not buying or renting is better depends on the person but financially no one knows that. Do you know how many foreclosures have gone on through the country during the housing bust? Everyone thought they could buy cheap, fix it up, and sell for a profit. Guess what? Those people are out a lot of money.
                      Your comment made me throw up a little.
                      Last edited by jayceheathman; 01-06-2008, 08:50 PM.

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                      • #56
                        Originally posted by jayceheathman View Post
                        No offense but you might need to find yourself a new job then. I'm not saying buying isnt a bad decision but I am not dissing it and saying its always better over renting because it isnt. Its impossible to know which one is better. No one can predict which area people are going to want to buy in the future and as a financial advisor you should know that. If you did know it you would be a millionaire.
                        Time=money and renting saves you a ton of time because a lot of things the front desk can take care of. A/C is broken, no problem. When you buy you have to use up all day to wait around for the guy to come and fix/repair it. Its definitely the case with a bigger house. Do you want to use a sick day just so you can be around to let the guy in? With a bigger house you are probably going to have a bigger lawn. Do you want to use up time to do it or are you going to pay $50-60 to hire someone else to mow it? That adds up because it will need to be done probably once every 3 weeks.
                        Whether or not buying or renting is better depends on the person but financially no one knows that. Do you know how many foreclosures have gone on through the country during the housing bust? Everyone thought they could buy cheap, fix it up, and sell for a profit. Guess what? Those people are out a lot of money.
                        Your comment made me throw up a little.
                        Do you honestly believe what you're saying or are you argueing just to differ from generally accepted principles?

                        And considering the turn-over and net profits my company has and it's general stance on the buy v rent arguement i don't think i'll continue this arguement.

                        Oh and don't think this is just my opinion, i'm a 19 year old trainee that has only been doing this for 12 months, i'm not going to pretend i'm an expert. But what i have learnt is that in probably 80% of cases it's better to buy and if possible, (with a stable income and enough capital to set up a loan) buy a rental property to take advantage of these renters, sure it's more work but from a financial standpoint you're going to be much better off in the long run.

                        Sure this extra work isn't for everyone, especially not me, as evidenced by the fact i'm quitting in 2 months and travelling the world for a year. This means i'm going to be renting for a while yet, which i know is not the correct financial decision, but i value having fun over being rich at this stage in my life.
                        Last edited by 7-11; 01-06-2008, 08:59 PM.

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                        • #57
                          Originally posted by jayceheathman View Post
                          I'm not saying buying isnt a bad decision but I am not dissing it and saying its always better over renting because it isnt. Its impossible to know which one is better. No one can predict which area people are going to want to buy in the future and as a financial advisor you should know that. If you did know it you would be a millionaire.
                          Time=money and renting saves you a ton of time because a lot of things the front desk can take care of. A/C is broken, no problem. When you buy you have to use up all day to wait around for the guy to come and fix/repair it. Its definitely the case with a bigger house. Do you want to use a sick day just so you can be around to let the guy in? With a bigger house you are probably going to have a bigger lawn. Do you want to use up time to do it or are you going to pay $50-60 to hire someone else to mow it? That adds up because it will need to be done probably once every 3 weeks.
                          Whether or not buying or renting is better depends on the person but financially no one knows that. Do you know how many foreclosures have gone on through the country during the housing bust? Everyone thought they could buy cheap, fix it up, and sell for a profit. Guess what? Those people are out a lot of money.
                          Your comment made me throw up a little.
                          The number of foreclosures has nothing to do with the decision to buy or rent. People were dumb, lending agents were dumb, they overextended themselves and overestimated how much they could afford.

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                          • #58
                            Originally posted by 7-11 View Post
                            Do you honestly believe what you're saying or are you argueing just to differ from generally accepted principles?

                            And considering the turn-over and net profits my company has and it's general stance on the buy v rent arguement i don't think i'll continue this arguement.

                            Financially no one knows. I did an internship with Fidelity and everyone thinks the stock market will always go up 8%. It doesnt. Some times it goes up more and sometimes less. With the thought of a recession coming it will hurt the stock market and the housing market. Stock market and the housing market (buying a home) is basically the same thing. Try to buy low and sell high. I say if you want the house and will enjoy living in it for years to come then get it but dont do it just try to pull a quick profit.
                            Last edited by jayceheathman; 01-06-2008, 09:24 PM.

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                            • #59
                              Originally posted by jayceheathman View Post
                              I didnt know guys that couldnt spell arguing or argument could be a financial advisor.

                              If you think its always right then why arent you a millionaire/CEO of your company instead of just working there?

                              Maybe you can tell your "advice" to people that live 30 minutes from my place. A few years ago there used to be a man made lake and everyone "bought" a house since that is what their financial advisor told them to do and now all of that water from that lake has been taken out to fill a reservoir. All that is left in this million dollar neighorhood is a bunch of dirt where water used to be. Now the owners cant sell their house for 50% less because no one wants to look out their window and see a big hole.
                              So you cite one example of an instance when people's houses lost value because of an extremely rare happening. Anyone will tell you, the best investment and most surefire way to build equity is real estate ownership. And people can be perfectly successful without being the CEO, maybe he just started there, generally they dont hold open interviews for that person chucko.

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                              • #60
                                Originally posted by andyjo672 View Post
                                So you cite one example of an instance when people's houses lost value because of an extremely rare happening. Anyone will tell you, the best investment and most surefire way to build equity is real estate ownership. And people can be perfectly successful without being the CEO, maybe he just started there, generally they dont hold open interviews for that person chucko.
                                Okay then. Can you site many examples of people making a big profit off of real estate this last year? Real Estate is at an all time low. It doesnt look to me like too many people are making a profit "chucko." Outside of the normal NYC whose real estate always goes up and Las Vegas there isnt a huge market right now.

                                Its not the most "surefire" way to build equity. The most surefire way to build equity is putting your money into a mutual fund. I am not saying you cant be successful at selling real estate but if you chose the wrong location you could have been forced to sell for a loss. If you picked Phoenix, Las Vegas, or Albuquerque then you would be banking probably.

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