my first house

well i am buying my first house in april, its a 3br 2bath, with a 2 car garage. its in evansville indiana, im so ready to be done with rent

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Originally Posted by shiftto5

well i am buying my first house in april, its a 3br 2bath, with a 2 car garage. its in evansville indiana, im so ready to be done with rent

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Well congrats :gj:.So where are you going to sleep? Of course you have to fill all 3 bedrooms with snakes you know :P

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Originally Posted by joepythons

Well congrats :gj:.So where are you going to sleep? Of course you have to fill all 3 bedrooms with snakes you know :P

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lol thats why i have the garage

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Originally Posted by shiftto5

lol thats why i have the garage

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For you or the snakes :P.

I sure can't wait to own my own home.....but I don't understand why people get sick of rent...?

Mortgage, property taxes, interior decorations, lawn maintenance, bugs, fixing things that break, general home upkeep.....

That has to add up to atleast 3-4 times MORE than the cost of renting a place and letting the landlord deal with all that.

:confuzd:

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Originally Posted by Nate

I sure can't wait to own my own home.....but I don't understand why people get sick of rent...?

Mortgage, property taxes, interior decorations, lawn maintenance, bugs, fixing things that break, general home upkeep.....

That has to add up to atleast 3-4 times MORE than the cost of renting a place and letting the landlord deal with all that.

:confuzd:

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Morgage = Yes... but this goes away after a while or you simply don't have one because of an inheritance.

Property Taxes = Are annually here and equal less than the amount of one months rent.

Interior Decorations = It's actually fun to decorate a house and it's not like after the first few months you don't run out of things to decorate, this bill isn't permanent.

Bugs = I never had any.

Lawn Maintenance = What you don't make your kids work for their allowance?

Fixing things that break = Major things of significant value don't break THAT often.

General Home Upkeep = I don't get this one... Do you mean cleaning your house? Or fixing the little things that break? I don't mind this one at all.

GENERAL SENSE OF OWNERSHIP, THAT YOU CAN PASS DOWN TO YOUR KIDS = PRICELESS!

Not to mention if you ever need a significant amount of money via a loan this can be claimed as collateral, try putting up your landlord's place as collateral and see what the bank says.

Absolutely love owning my home. All that money in payments means you'll have a place NO ONE can tell you "I sold it, your lease is up, the rent is being raised, you can't have that snake, you have HOW many rats?"
Congrats!! Major congrats. And the garage is for rats, the bedrooms for snakes, you sleep on the couch, right beside the display units.

CONGRATULATIONS!
I'm in my 3rd - and hopefully final - house. Definitely much better than rent. It's the sense of ownership that makes you want to take better care of it. Renting has that unshakeable feeling of "temporary" that makes you not want to take care of stuff as much. I guess in a way it's similar to living together versus getting married. And, every mortgage payment you put into it is still yours. It doesn't just go poof out the window. These days, it might seem like your mortgage payment is getting flushed down the toilet because the houses are depreciating faster than your payments, but it's not going to stay that way. A few years down the road you can sell your house or give it to your kids for inheritance and recoup all those mortgage payments, and if you're lucky, make money out of it! My first house, I sold it for $25,000 more than my original mortgage. My 2nd house, I sold it for $80,000 more than my original mortgage. That's how I was able to go from a 2BR house to a 4BR house with a bonus room without a big increase in mortage payments.

Owning a home was one of the worst things that happened to my family.

We currently are renting, with no taxes, free heat, in a very big rental home for less than 1000 monthly rent.

We are much happier here, being unaffected by the economy house wise.

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Originally Posted by JKExotics

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Lawn Maintenance = What you don't make your kids work for their allowance?
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GENERAL SENSE OF OWNERSHIP, THAT YOU CAN PASS DOWN TO YOUR KIDS = PRICELESS!

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What about those of us who don't have or want kids?