Are you better off financially than before?

Off-topic? You mean on-topic!

Are you better off financially than in 2014?

Yes, 1-10%
0
No votes
Yes, 11-20%
0
No votes
Yes, 21-30%
2
10%
Yes 31%+
14
67%
No, same
0
No votes
Worse
5
24%
 
Total votes: 21
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troyguitar
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Thu Jul 11, 2019 7:29 pm

max225 wrote:
troyguitar wrote:
Thu Jul 11, 2019 6:34 pm
$7000 per year in taxes, $5000 to have our shit moved again, at least $10000 to add AC and do minor things, $15000 in closing costs when we hopefully sell it next year... $37000 plus all of the mortgage interest blown in one year. All to live in a shitbox.
Better than spending 10x that on a downpayment. That's a solid 4 years of work after tax for ya'll if you didn't spend a penny and saved everything. And possibility of losing it all since spending 1M+ on a house is :fullretard:
You get the down payment back :doe: and appreciation for you outpaces interest+taxes... and you have, what, 7 figures in real assets already at age 35?

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max225
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Thu Jul 11, 2019 7:30 pm

troyguitar wrote:
Thu Jul 11, 2019 7:29 pm
max225 wrote:
Better than spending 10x that on a downpayment. That's a solid 4 years of work after tax for ya'll if you didn't spend a penny and saved everything. And possibility of losing it all since spending 1M+ on a house is :fullretard:
You get the down payment back :doe: and appreciation for you outpaces interest+taxes... and you have, what, 7 figures in real assets already at age 35?
:alpo: due to Foreign investment fuck. I both lost and gained 6 figures on this shithole. In 2013 I was thinking about how foolish I was in having "lost" 200k on the place.

i can't imagine what will happen next... I don't see real estate as investment vehicles unless you constantly cash out and so far that's @Detroit only.

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troyguitar
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Thu Jul 11, 2019 7:33 pm

Sell me your :haus: for what you paid for it then... That way it won't be an investment.

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Desertbreh
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Thu Jul 11, 2019 8:34 pm

troyguitar wrote:
Thu Jul 11, 2019 5:27 pm
Detroit wrote: Ignoring housing, $160k gross anywhere outside of the pay area and NYC is pretty fantastic. You could live like a king in Michigan on that...which you're aware of I'm sure. Not trying to rub salt in the wound of shitty Corning, but you're doing alright dude.
So you live like what, a Holy Roman Emperor?

This income doesn't even get us a garage or air conditioning, let alone a :haus: that generates income vs taxing us to fucking hell. We would need at least $200k for this place to not suck, really more like $250k because taxes.

I know we're :wrong: to actually want to retire though... If we didn't save anything then we could indeed have a pretty good life.
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golftdibrad
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Thu Jul 11, 2019 8:48 pm

troyguitar wrote:
Thu Jul 11, 2019 7:33 pm
Sell me your :haus: for what you paid for it then... That way it won't be an investment.
:impressive: :mahtroy:
:doit: :225:
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Thu Jul 11, 2019 8:48 pm

troyguitar wrote:
Thu Jul 11, 2019 7:33 pm
Sell me your :haus: for what you paid for it then... That way it won't be an investment.
More than you can afford, pal
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Zillon
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Fri Jul 12, 2019 1:10 am

2014 I was making $38k slaving away doing 60+ hour weeks at a certain European tuna shop. I was also less experienced, and hadn't yet become a :dillerman:

5 years later I'm on my way to being a full blown sales mangler and making more than double that. I'm no longer renting, either.
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Bender
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Fri Jul 12, 2019 9:17 am

Things are good.
This is the worst kind of discrimination there is: the kind against me!

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Detroit
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Fri Jul 12, 2019 10:42 am

max225 wrote:
Thu Jul 11, 2019 7:30 pm
troyguitar wrote:
Thu Jul 11, 2019 7:29 pm
You get the down payment back :doe: and appreciation for you outpaces interest+taxes... and you have, what, 7 figures in real assets already at age 35?
:alpo: due to Foreign investment fuck. I both lost and gained 6 figures on this shithole. In 2013 I was thinking about how foolish I was in having "lost" 200k on the place.

i can't imagine what will happen next... I don't see real estate as investment vehicles unless you constantly cash out and so far that's @Detroit only.
Right...the only "appreciation" that happens is when you sell. We capitalized on the :fullretard: while we could and made some :alpo: moves, but we're settling in now for the long run. We could break even on our house, but we wouldn't make anything on it if we sold it now. The market has plateaued and will likely pull back soon. Then it'll be another 5-10 years before the value comes back up in the green.

:fax: points this out all the time, in the long run, housing appreciation really isn't much better than inflation. To me the biggest "value" in owning a house in the long run is paying it off to reduce your debt exposure and monthly expenses. It'll be way easier to retire when the cost of housing is just taxes and insurance.
Desertbreh wrote:
Tue Oct 10, 2017 7:40 pm
My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.

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golftdibrad
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Fri Jul 12, 2019 11:57 am

Detroit wrote:
Fri Jul 12, 2019 10:42 am
max225 wrote:
Thu Jul 11, 2019 7:30 pm


:alpo: due to Foreign investment fuck. I both lost and gained 6 figures on this shithole. In 2013 I was thinking about how foolish I was in having "lost" 200k on the place.

i can't imagine what will happen next... I don't see real estate as investment vehicles unless you constantly cash out and so far that's @Detroit only.
Right...the only "appreciation" that happens is when you sell. We capitalized on the :fullretard: while we could and made some :alpo: moves, but we're settling in now for the long run. We could break even on our house, but we wouldn't make anything on it if we sold it now. The market has plateaued and will likely pull back soon. Then it'll be another 5-10 years before the value comes back up in the green.

:fax: points this out all the time, in the long run, housing appreciation really isn't much better than inflation. To me the biggest "value" in owning a house in the long run is paying it off to reduce your debt exposure and monthly expenses. It'll be way easier to retire when the cost of housing is just taxes and insurance.
Its the only real reason to play the homeownershit game
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D Griff
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Fri Jul 12, 2019 6:01 pm

I was single in 2014... but my personal income is up about 110% from then. My fiancee who is in education makes about 30% more than she did in 2014. :alpo:

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Huckleberry
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Tue Jul 16, 2019 12:57 pm

Well, I didn't have a retirement account or a house in 2014, so I'm better off. I've started looking at changing jobs since it has become more and more evident that I won't be able to further advance unless someone above me leaves first.

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Melon
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Tue Jul 16, 2019 1:32 pm

I'm up 32.68% AGI Adjusted

I've also had some very generous raises, and with the current culture, those are a thing of the past.
I'm also early in my career, was grossly underpaid in the beginning, and am getting to about the average for the industry.

I'm still underpaid by about 10%.
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D Griff
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Mon Jul 22, 2019 4:47 pm

Detroit wrote:
Fri Jul 12, 2019 10:42 am
max225 wrote:
Thu Jul 11, 2019 7:30 pm


:alpo: due to Foreign investment fuck. I both lost and gained 6 figures on this shithole. In 2013 I was thinking about how foolish I was in having "lost" 200k on the place.

i can't imagine what will happen next... I don't see real estate as investment vehicles unless you constantly cash out and so far that's @Detroit only.
Right...the only "appreciation" that happens is when you sell. We capitalized on the :fullretard: while we could and made some :alpo: moves, but we're settling in now for the long run. We could break even on our house, but we wouldn't make anything on it if we sold it now. The market has plateaued and will likely pull back soon. Then it'll be another 5-10 years before the value comes back up in the green.

:fax: points this out all the time, in the long run, housing appreciation really isn't much better than inflation. To me the biggest "value" in owning a house in the long run is paying it off to reduce your debt exposure and monthly expenses. It'll be way easier to retire when the cost of housing is just taxes and insurance.
"We" (really her but I'm benefiting from it) cashed out at 50% appreciation in four years. Including all costs - utilities, mortgage, insurance, you name it, she GOT PAID over $30K to live there for four years. Very much :alpo: luck, but still, there are success stories.

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Detroit
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Mon Jul 22, 2019 4:56 pm

D Griff wrote:
Mon Jul 22, 2019 4:47 pm
Detroit wrote:
Fri Jul 12, 2019 10:42 am

Right...the only "appreciation" that happens is when you sell. We capitalized on the :fullretard: while we could and made some :alpo: moves, but we're settling in now for the long run. We could break even on our house, but we wouldn't make anything on it if we sold it now. The market has plateaued and will likely pull back soon. Then it'll be another 5-10 years before the value comes back up in the green.

:fax: points this out all the time, in the long run, housing appreciation really isn't much better than inflation. To me the biggest "value" in owning a house in the long run is paying it off to reduce your debt exposure and monthly expenses. It'll be way easier to retire when the cost of housing is just taxes and insurance.
"We" (really her but I'm benefiting from it) cashed out at 50% appreciation in four years. Including all costs - utilities, mortgage, insurance, you name it, she GOT PAID over $30K to live there for four years. Very much :alpo: luck, but still, there are success stories.
Right...same thing happened to us. Buy low, sell high. Anyone that bought something in 09-13 AND SOLD in 17-present probably made out great. But it won't be long before values start to dip, then they might crash a bit, it's just the nature of things. It all evens out in the long run, but you can do VERY well if you time things right and are willing to move on a moment's notice for the right :dill:

But if you buy something now (the high) it'll be a long time before you'll see any real gains. What you guys did was PERFECT. Sold high, rented to hold the cash, and will be primed to buy when the housing market dips.
Desertbreh wrote:
Tue Oct 10, 2017 7:40 pm
My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.

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D Griff
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Mon Jul 22, 2019 5:58 pm

Detroit wrote:
Mon Jul 22, 2019 4:56 pm
D Griff wrote:
Mon Jul 22, 2019 4:47 pm


"We" (really her but I'm benefiting from it) cashed out at 50% appreciation in four years. Including all costs - utilities, mortgage, insurance, you name it, she GOT PAID over $30K to live there for four years. Very much :alpo: luck, but still, there are success stories.
Right...same thing happened to us. Buy low, sell high. Anyone that bought something in 09-13 AND SOLD in 17-present probably made out great. But it won't be long before values start to dip, then they might crash a bit, it's just the nature of things. It all evens out in the long run, but you can do VERY well if you time things right and are willing to move on a moment's notice for the right :dill:

But if you buy something now (the high) it'll be a long time before you'll see any real gains. What you guys did was PERFECT. Sold high, rented to hold the cash, and will be primed to buy when the housing market dips.
Thing is, we'll probably be looking to buy this winter, don't think values will dip much by then, but we're kind of over the apartment lyfe. We'll probably stay wherever we go for a long time (I hope) so it won't matter as much. I'm just glad to have a nice chunk for a down payment, that is very helpful.

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Detroit
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Mon Jul 22, 2019 6:07 pm

D Griff wrote:
Mon Jul 22, 2019 5:58 pm
Detroit wrote:
Mon Jul 22, 2019 4:56 pm

Right...same thing happened to us. Buy low, sell high. Anyone that bought something in 09-13 AND SOLD in 17-present probably made out great. But it won't be long before values start to dip, then they might crash a bit, it's just the nature of things. It all evens out in the long run, but you can do VERY well if you time things right and are willing to move on a moment's notice for the right :dill:

But if you buy something now (the high) it'll be a long time before you'll see any real gains. What you guys did was PERFECT. Sold high, rented to hold the cash, and will be primed to buy when the housing market dips.
Thing is, we'll probably be looking to buy this winter, don't think values will dip much by then, but we're kind of over the apartment lyfe. We'll probably stay wherever we go for a long time (I hope) so it won't matter as much. I'm just glad to have a nice chunk for a down payment, that is very helpful.
Other than normal seasonality, there won't be a huge change this winter I suspect. Which is fine if you stay put long term...that's the point is that values are rather stable over time. If you sell in the next 5 years, you'll probably take a bath on it...your down payment chunk will be lit on fire, so I wouldn't buy unless absolutely certain you're staying for 10+ years.

And I hear you on apt lyfe. Never again for us.
Desertbreh wrote:
Tue Oct 10, 2017 7:40 pm
My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.

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D Griff
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Mon Jul 22, 2019 6:26 pm

Detroit wrote:
Mon Jul 22, 2019 6:07 pm
D Griff wrote:
Mon Jul 22, 2019 5:58 pm


Thing is, we'll probably be looking to buy this winter, don't think values will dip much by then, but we're kind of over the apartment lyfe. We'll probably stay wherever we go for a long time (I hope) so it won't matter as much. I'm just glad to have a nice chunk for a down payment, that is very helpful.
Other than normal seasonality, there won't be a huge change this winter I suspect. Which is fine if you stay put long term...that's the point is that values are rather stable over time. If you sell in the next 5 years, you'll probably take a bath on it...your down payment chunk will be lit on fire, so I wouldn't buy unless absolutely certain you're staying for 10+ years.

And I hear you on apt lyfe. Never again for us.
No goddamn clue what I'll be doing in 10 years.

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Detroit
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Mon Jul 22, 2019 7:15 pm

D Griff wrote:
Mon Jul 22, 2019 6:26 pm
Detroit wrote:
Mon Jul 22, 2019 6:07 pm

Other than normal seasonality, there won't be a huge change this winter I suspect. Which is fine if you stay put long term...that's the point is that values are rather stable over time. If you sell in the next 5 years, you'll probably take a bath on it...your down payment chunk will be lit on fire, so I wouldn't buy unless absolutely certain you're staying for 10+ years.

And I hear you on apt lyfe. Never again for us.
No goddamn clue what I'll be doing in 10 years.
Nor I. But I know where I'll be living unless I want to lose money on the house.
Desertbreh wrote:
Tue Oct 10, 2017 7:40 pm
My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.

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Barnes93cb
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Thu Sep 12, 2019 3:50 pm

I dont know what any of these terms mean. But I have a savings account and no credit card debt unlike before. A paid off car and motorcycle, and home equity.

I must be winning.

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SAWCE
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Thu Sep 12, 2019 6:41 pm

Barnes93cb wrote:
Thu Sep 12, 2019 3:50 pm
I dont know what any of these terms mean. But I have a savings account and no credit card debt unlike before. A paid off car and motorcycle, and home equity.

I must be winning.
1%er
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Huckleberry
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Fri Sep 13, 2019 11:47 am

Detroit wrote:
Mon Jul 22, 2019 4:56 pm
D Griff wrote:
Mon Jul 22, 2019 4:47 pm


"We" (really her but I'm benefiting from it) cashed out at 50% appreciation in four years. Including all costs - utilities, mortgage, insurance, you name it, she GOT PAID over $30K to live there for four years. Very much :alpo: luck, but still, there are success stories.
Right...same thing happened to us. Buy low, sell high. Anyone that bought something in 09-13 AND SOLD in 17-present probably made out great. But it won't be long before values start to dip, then they might crash a bit, it's just the nature of things. It all evens out in the long run, but you can do VERY well if you time things right and are willing to move on a moment's notice for the right :dill:

But if you buy something now (the high) it'll be a long time before you'll see any real gains. What you guys did was PERFECT. Sold high, rented to hold the cash, and will be primed to buy when the housing market dips.
There was an old lady who had the house next to me, and it was vacant for about two years after she passed. There were holes in the roof for quite some time, and the entire house suffered from years of neglect. Someone bought it to flip, and converted it from a 3 bed/1 bath to a 5 bed/2.5 bath within the same footprint. The house has no driveway or garage and sits where its backyard butts up to the side of my house. They currently have it listed for $100K more than I paid for my house. I'm watching to see what it sells for, because that would be a hell of a bump in property value.

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CorvetteWaxer
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Fri Sep 13, 2019 1:35 pm

Everything is great on this side. Zero complaints, but 2019 is MUCH better than 2014.
I'm on my last bag of peas.

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