Living Alone.

[patrickBOOTH]

Originally Posted by RedLantern

^ really? Some people just don't have the desire or want the hassle of home ownership. If I was a single guy that worked a lot and made that kind of money there is no way I'd want to spend my limited free time dealing with the issues that arise with home ownership. I'd much rather rent a baller apartment downtown or something and let someone else worry about everything.

edit: @ pbooth.

I own a baller condo and pay a maintenance fee. Buying doesn't always mean a house in the burbs. Renting the place you live is idiotic.

 

[aphextwin07]

Originally Posted by TRA8324

Why the hell would you want to spend your entire salary on rent?

quality of life, obviously. for me it was the difference between saving a few hundred a month and living in the ****** ass suburbs or paying considerably more in rent to live in the city and actually have fun **** to do practically every night.

 

[TRA8324]

Originally Posted by aphextwin07

quality of life, obviously. for me it was the difference between saving a few hundred a month and living in the ****** ass suburbs or paying considerably more in rent to live in the city and actually have fun **** to do practically every night.

the OP was talking about making $2000/month though. if he's making that little and paying $1600/month in rent he will barely have enough money to eat, let alone go out and have fun.

 

[thenanyu]

Originally Posted by patrickBOOTH

I own a baller condo and pay a maintenance fee. Buying doesn't always mean a house in the burbs. Renting the place you live is idiotic.

This is in the top 10 of the dumbest things I have ever read on SF.

 

[patrickBOOTH]

Originally Posted by thenanyu

This is in the top 10 of the dumbest things I have ever read on SF.

Really? You must not be very smart then.

 

[thenanyu]

Originally Posted by patrickBOOTH

Really? You must not be very smart then.

No actually, it's because I can do arithmetic.

 

[patrickBOOTH]

Right.

 

[onix]

Originally Posted by thenanyu

No actually, it's because I can do arithmetic.

Interesting, can you explain teh math?

 

[Egert]

I really hope this thread doesn't turn into a megadiscussion on buying vs renting. They have these threads on every forum and maybe one should be started here, where both counterparties can have their say while staying on topic

 

[Hombre Secreto]

Originally Posted by Egert

I really hope this thread doesn't turn into a megadiscussion on buying vs renting. They have these threads on every forum and maybe one should be started here, where both counterparties can have their say while staying on topic

Oh... it will!

 

[SkinnyGoomba]

Originally Posted by RedLantern

^ really? Some people just don't have the desire or want the hassle of home ownership. If I was a single guy that worked a lot and made that kind of money there is no way I'd want to spend my limited free time dealing with the issues that arise with home ownership. I'd much rather rent a baller apartment downtown or something and let someone else worry about everything.

edit: @ pbooth.

Buy one instead.

I would have a hard time feeling comfortable in something that I couldnt readily change if I wanted to. And at least in my area it ends up being nominally more expensive to own at the beginning and overtime alot more expensive to rent.

 

[Qubaduck]

Originally Posted by SkinnyGoomba

Buy one instead.

I would have a hard time feeling comfortable in something that I couldnt readily change if I wanted to. And at least in my area it ends up being nominally more expensive to own at the beginning and overtime alot more expensive to rent.

I'm pretty sure that's the state of affairs everywhere. Otherwise there wouldn't be any money in being a landlord.

 

[Milpool]

I move around a lot. As a result, buying makes no sense, and given the state of the economy, would actually be a worse fate than death.

 

[patrickBOOTH]

As an only child, I am very happy my parents own some real estate.

 

[thinman]

Originally Posted by harvey_birdman

Dear OP, you should not spend more than 1/3 of your after tax income on housing. This includes utilities.

This is the standard rule-of-thumb. It sounds like the OP also needs to develop a reasonable budget.