There's a reason why these other places are so cheap. NOBODY WANTS TO LIVE THERE! I lived in Indianapolis one year and was bored stiff. That's why they call it NAPTOWN, or INDIANOPLACE. Give me bright lights, big city any day, even if it costs a few more pesos and you have to carry a switchblade.
Buying a House Advice
- Thread starter Anonymous
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And there are those that would say the same about YOUR choice. Isn't it great that we all get to choose?
ILA let me tell you something very sincerely here. You have to be the most miserable, worthless jackass ever. I mean rock-bottom idiot. Your attitude is terrible and your "advice" even worse.
And I mean this all in the best possible way, you and I are typically cool but I just think you're a moron.
And I mean this all in the best possible way, you and I are typically cool but I just think you're a moron.
I'm sure that ILA will have to increase his dose of Prozac now that you've disclosed you don't like him and called him a name.
No doubt ILA's world revolved around what you think of him.
How 'bout you go find a life and leave everyone else alone?
How's that for a concept?
The first home buying step should be to align yourself with a pro who has experience working with a first-time home buyer and can show you the ropes.
BEST ADVICE EVER! Also, be sure your mortgage is interest only!
Also borrow 130% of the value of your home and buy a boat. No wonder China will own us soon.
I don't think anyone in pharma is safe. Based on that, I would not buy.
Don't listen to people who say put extra down to lower your monthly payment. You can accomplish the same thing without giving up your capital.
Save enough to have a big cushion, put down whatever you like (10-20%) and then make your monthly payments partly out of that cushion pot you saved and some out of your paycheck. Same thing is achieved without giving it away.
That way, if you get laid off, you can spend it where you want.
Only buy if you have a serious reserve (8 months) for being laid off. I didn't buy b/c I worked for a start-up (volatile) and built a good cushion in reserve. Got laid off for 5 months and got lucky when I got a job. Being laid off was stressful and frustrating enough. Not having to worry about money made it that much easier.
Don't listen to people who say put extra down to lower your monthly payment. You can accomplish the same thing without giving up your capital.
Save enough to have a big cushion, put down whatever you like (10-20%) and then make your monthly payments partly out of that cushion pot you saved and some out of your paycheck. Same thing is achieved without giving it away.
That way, if you get laid off, you can spend it where you want.
Only buy if you have a serious reserve (8 months) for being laid off. I didn't buy b/c I worked for a start-up (volatile) and built a good cushion in reserve. Got laid off for 5 months and got lucky when I got a job. Being laid off was stressful and frustrating enough. Not having to worry about money made it that much easier.
27 "no" and 0 "yes", that might be the best evidence I've seen in a long time that it is time to buy.
I'm looking at some foreclosed houses in the lower Hudson Valley right on the river, going for a steal.
I understand your concern. The advantage to renting is that you have mobility. You will be able to move if you have to in order to find another job. If you decide to buy..make sure you are debt free and have a 6 month emergency fund in place that you do not touch except in case of a true emergency. Look for a house that the mortgage paymen is no more than 25% of your take home pay. You do not need the added stress in your life. This way you can enjoy your life and buy when you are ready not when you think the market is saying to buy. There will always be another house...
I wasn't giving advice, but making a comment. Maybe you should work on your reading comprehension skills.
As to whether or not we are "cool"? I think I will survive if some anonymous douchebag doesn't like me on CafePharma.