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This one is asking for advice, but it's just so dumb I had to post it Am student. Would like to buy house instead of pay rent. Good idea? quote:I'm planning on getting my PhD somewhere in the US over the course of the next 5-7 years, and instead of paying rent, I thought it would be cool to buy a house instead and save that rent money in the form of property. Thing is, I'm 22 and have only a couple grand to my name (but no student loans, and I pay off cc every month, so credit score is good). I know I need some money for a down-payment, but what I'm wondering is just how feasible this idea is? What are some hurdles I don't even know about? When I think about how I would go about it, I would find maybe 4 other students, put together a down payment, pay about $1k/mo each in house-loan payments, and then have a house at the end of the 5-7 years. Even cooler would be if the other four students were my renters instead of co-owners, and I got to keep the house at the end! quote:
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Dec 13, 2018 16:43
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| # ¿ May 15, 2024 08:05 |
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That's a weird hangup. Lots of people say they purchased/bought houses without paying in cash, do you guffaw at them too?
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Dec 13, 2018 19:49
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Hey guys who wants to hear about how little my car depreciates?! No one  Does it make sense to go tax exempt on a few paychecks to aggressively pay off high interest debt? quote:Like the title says, I owe
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Dec 14, 2018 16:06
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CannonFodder posted:I'm guessing the problem he's missing is that the IRS may charge him a penalty for underpayment. At least he acknowledged that he still has to pay those deferred taxes but I question his ability to remember to save money to pay the deferred amount come April. That and he also nets 6k a month, pays $1100 for rent, and somehow has $50k in non-car debt. But if only he didn't pay taxes for a bit he'd be fine!
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Dec 14, 2018 16:41
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bob dobbs is dead posted:guillotine the council, demolish all painted ladies, build 50 story concrete soulless apartments on the rubble otoh this guy is a shithead and it's funny that he got hosed over quote:The approved 2014 plan — proposed by a previous owner — allowed for the removal of most of the existing structure, he said. “We acknowledge and apologize for the fact that a small portion of the work exceeded the scope in the approved plans,” he said, adding that the decision was made “for life-safety reasons.” Whoops I wanted to be able to sell the new, larger house for millions more so I destroyed this one, but it was for my safety you see.
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Dec 16, 2018 18:30
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In the replies:quote:keeping up with people in the finance industry is really not a game I should be playing yet in hindsight, even if you justify it to yourself as "networking" and "relationship building." also, a lot of my savings were in small-cap stocks that basically lost half their value in the past few months. no joke. Whoops.
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Dec 21, 2018 00:28
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gb2ai The phone complaint in this one is whatever, but the throwaway details: Verizon has decided to charge my account over $600+ for something out of my control quote:I recently had an early upgrade available at Verizon, I went in and gave them my old iPhone X to trade up to the iPhone XS. Also odds seem decent that the Verizon employee pocketed his iPhone X and replaced it with a broken one and mailed the broken one off.
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Jan 1, 2019 18:22
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I haven't had a job for a year in a half and we have a shitload of debt. I guess I'd better get a job soon Can we ever get out of this pit we dug ourselves? Need reasonable solutions. quote:We currently have a ton of debt. Right now everything is current but we’ve been “robbing Peter to pay Paul”. I’m currently unemployed and have been for about 18 months which has contributed to our debt. I’m not at all proud of it as I’ve basically ruined our family and I don’t see any way out of this. I’m looking for a new job ASAP and taking anything I can get but so far nothing.  
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Jan 2, 2019 00:10
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