surfer

I put an offer in for a house the other day and it got accepted, which means i'm gonna have to be proper ghetto from now on, it got me thinking how many of you guys have your own pad? I'm now really regretting wanting to move out but i gotta do it sometime i suppose

leed

You wont regret it. Your mortgage will be a fraction of what rent would be, and the principle payment pretty much goes back into your pocket in the form of equity.

projekteg

congrats man, i just closed on my house about a month ago, i felt the same way, i'm only 22 and wasn't sure if i was ready to commit to a mortgage payment, but once you get past the down payment :P the rest is cake! my mortgage payment is 100 dollars cheaper than i have ever paid anywhere for rent, and the house is 10 times nicer/bigger than an apt. not to mention your own yard and what not. everything is a tax write off, i'm replacing a lot of stuff in the house before we move in, and it's all tax deductable, so is your interest on the house, and i think your taxes on the house are even tax deductable not to mention equity, usually value of a home goes up as long as you keep it nice, while at the same time, the amount you owe goes down, so it's a win win situation, i got my house for 20k less than what it was appraised at, so somebody basically gave me 20k to buy this house because now i have 20k in equity as soon as i move in. it's a win win, do it!!

ZC4ME

Yup, you can't beat owning your own home!! I bought my house 5-6 years ago and the principal/interest payment was less than I was paying for rent, like everyone else said. Only downfall, my priorities kinda changed for a while, I lost focus on my cars and was always going to Home Depot to get stuff for the house and whatnot, you have to be careful of that. Seriously though, my only regret, I wish I would have stuck to my guns about buying a house with a 2 car (or bigger) garage. I have a 1.5 car garage and have collected so much crap, it's full. I even built a 12' X 12' storage barn in my back yard and it's full of crap. I rent a 15' X 20' storage area to keep my Nissan in during the winter so I can use the garage for other things if need be. LOL. It's cool, you'll be happy you did it!!

peace
Griff

projekteg

same here, i've dropped some loot at home depot in the past month :P as far as wanting a bigger garage, just take out a home equity loan and build out back, this will also increase the value of the house, so it all evens out

pagong

Home owner here

Go for it.

m76

I wish i had my own house for my family an I. To be honest that's better than having a car. I've been saving up for some time to buy a house, but it is more expensive here in New York. But i still have to get one. I want my own property. The value always goes up.

yayopwrcrx

i have been saving up for the past couple months now and im going in with one of my boys to buy a 5 family home in brooklyn....for get this 300,000 its not in the greatest area but it could easily bring in 4500 a month in rent...and i work with loans so i can get us a pretty phat deal on the rate and closing fees and ----. if any of you guys are looking to buy a home in NY or FL i can get you preapproved and do the loan for you and only charge you like 3/4 of a point so let me know i'd be happy to ------ some hmt love oh yea i think we do Cali to

yayopwrcrx

he can't fire me i work off commission so if i don't work i don't get paid but NJ is a bitch to do loans im doing this old ****** now and im robbing him blind cause he fucked me over...don't worry i won't do that to you guys :P