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
13%
Yes 31%+
9
60%
No, same
0
No votes
Worse
4
27%
 
Total votes: 15
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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.
:notbad:
max225 wrote: You can't "hoon" a pos like that. You can however set up a methlab.

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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:
Weekly :fax:
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razr390
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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
Weekly :fax:
? wrote: "Every lie we tell incurs a debt to the truth. Sooner or later that debt is paid."

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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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