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Would you pay $5k in rent if you make 20k a month?

 
Anonymous Coward
User ID: 29415107
United States
12/11/2012 12:03 AM
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Would you pay $5k in rent if you make 20k a month?
Or is that stupid?
telling it straight

User ID: 1461054
United States
12/11/2012 12:06 AM

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Re: Would you pay $5k in rent if you make 20k a month?
That is stupid. I'd live as cheaply as I could and bank as much as possible. No telling how long that $20k per month salary will last.
ANHEDONIC

User ID: 26795689
United States
12/11/2012 12:07 AM

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Re: Would you pay $5k in rent if you make 20k a month?
Renting when you make $240K a year???

"You will not be punished for your anger, you will be punished by your anger"
Anonymous Coward
User ID: 28872708
United States
12/11/2012 12:07 AM
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Re: Would you pay $5k in rent if you make 20k a month?
I'd rent a room for $400 a month (or less), and makes sure to cash (not deposit) each check, then convert it into real usable assets - guns, ammo, prep supplies, barter supplies.
Burt Gummer

User ID: 7702124
United States
12/11/2012 12:07 AM

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Re: Would you pay $5k in rent if you make 20k a month?
Or is that stupid?
 Quoting: Anonymous Coward 29415107


5K a month down the drain...with no building of equity in return.


DUMB.

Bigtime.
Anonymous Coward
User ID: 21291600
United States
12/11/2012 12:08 AM
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Re: Would you pay $5k in rent if you make 20k a month?
Or is that stupid?
 Quoting: Anonymous Coward 29415107


why rent when you can invest in your own piece of real estate?
then every month your money goes into your own stuff.
Anonymous Coward
User ID: 16764710
United States
12/11/2012 12:09 AM
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Re: Would you pay $5k in rent if you make 20k a month?
Or is that stupid?
 Quoting: Anonymous Coward 29415107


$20K/month W2'd could mean you're netting $12K-$14K/mo, which means you're blowing way too much money on rent. $200K/year isn't a ton of money.

Now if you're saying that you net $20K/month, I'd still probably suggest against it. When I was young (early 20's), I was making much more than that and still rented a place for $1K/month and lived by the beach. No need to waste money, invest it!!
Anonymous Coward
User ID: 759348
Canada
12/11/2012 12:09 AM
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Re: Would you pay $5k in rent if you make 20k a month?
That is stupid. I'd live as cheaply as I could and bank as much as possible. No telling how long that $20k per month salary will last.
 Quoting: telling it straight


^^this
Anonymous Coward
User ID: 29563923
Canada
12/11/2012 12:10 AM
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Re: Would you pay $5k in rent if you make 20k a month?
No. Rent for 1k and put the rest away. 4k buys you 5 AK47s or liquor enough to throw the biggest house party of the year. It buys you a weekend in Vegas every month with a high class hooker for about 3 hours or a gutter slut for the full weekend. You could rent a billboard for a month that says "Fuck you all" to everyone going down the highway.

When you think of what you can do with 4 large the possibilities are amazing.
Anonymous Coward
User ID: 29602768
Argentina
12/11/2012 12:11 AM
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Re: Would you pay $5k in rent if you make 20k a month?
Find something for $3000. Then send me $1000 a month at HowToTipsChannel@gmail.com so I can rent something for $500 and spend the other $500 to get drunk. And you save $1000 in total - Not a bad deal!
Carpe Diem
User ID: 25512144
United States
12/11/2012 12:12 AM
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Re: Would you pay $5k in rent if you make 20k a month?
Yes. Live life to the fullest. Meet new people. Make more money by meeting new people. There is no future. Only right now. A new home makes one happy.
Anonymous Coward
User ID: 29608246
United States
12/11/2012 12:13 AM
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Re: Would you pay $5k in rent if you make 20k a month?
When I was young (early 20's), I was making much more than that
 Quoting: Anonymous Coward 16764710


How the hell were you making much more than $20k/mo in your early twenties?
Anonymous Coward
User ID: 2849260
United States
12/11/2012 12:14 AM
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Re: Would you pay $5k in rent if you make 20k a month?
No. Rent for 1k and put the rest away. 4k buys you 5 AK47s or liquor enough to throw the biggest house party of the year. It buys you a weekend in Vegas every month with a high class hooker for about 3 hours or a gutter slut for the full weekend. You could rent a billboard for a month that says "Fuck you all" to everyone going down the highway.

When you think of what you can do with 4 large the possibilities are amazing.
 Quoting: Anonymous Coward 29563923


I doubt God would ever arrange for you to make that kind of money.

God knows what you'd spend it on, a one-way ticket to hell!
Anonymous Coward
User ID: 27250682
United States
12/11/2012 12:15 AM
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Re: Would you pay $5k in rent if you make 20k a month?
for someone making 20k a month, you need to learn how to handle money. 5k rent would be foolish...what huge addition is being added to your life for that amount of money?
Anonymous Coward
User ID: 27250682
United States
12/11/2012 12:16 AM
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Re: Would you pay $5k in rent if you make 20k a month?
When I was young (early 20's), I was making much more than that
 Quoting: Anonymous Coward 16764710


How the hell were you making much more than $20k/mo in your early twenties?
 Quoting: Anonymous Coward 29608246


I'm actually 20 and I'm signing a 20k advertising deal with a university tomorrow...people need to learn how to be creative.
NiNzrez

User ID: 28232082
United States
12/11/2012 12:18 AM

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Re: Would you pay $5k in rent if you make 20k a month?
Or is that stupid?
 Quoting: Anonymous Coward 29415107


why rent when you can invest in your own piece of real estate?
then every month your money goes into your own stuff.
 Quoting: Salt


thats what i say
when you have that much money, why would anyone ever pay someone else to live in their property each month?
invest in property that is YOURS
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Anonymous Coward
User ID: 20413827
United States
12/11/2012 12:21 AM
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Re: Would you pay $5k in rent if you make 20k a month?
Find something for $3000. Then send me $1000 a month at HowToTipsChannel@gmail.com so I can rent something for $500 and spend the other $500 to get drunk. And you save $1000 in total - Not a bad deal!
 Quoting: Anonymous Coward 29602768


y me hacés un pete
Anonymous Coward
User ID: 3064678
Canada
12/11/2012 12:21 AM
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Re: Would you pay $5k in rent if you make 20k a month?
Or is that stupid?
 Quoting: Anonymous Coward 29415107


5K a month down the drain...with no building of equity in return.


DUMB.

Bigtime.
 Quoting: Burt Gummer


Lol, you think you own something by paying with promissory debt notes. That's funny how most people think they own stuff.

We are all just temporary renters for space in time.
Anonymous Coward
User ID: 29563923
Canada
12/11/2012 12:22 AM
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Re: Would you pay $5k in rent if you make 20k a month?
No. Rent for 1k and put the rest away. 4k buys you 5 AK47s or liquor enough to throw the biggest house party of the year. It buys you a weekend in Vegas every month with a high class hooker for about 3 hours or a gutter slut for the full weekend. You could rent a billboard for a month that says "Fuck you all" to everyone going down the highway.

When you think of what you can do with 4 large the possibilities are amazing.
 Quoting: Anonymous Coward 29563923


I doubt God would ever arrange for you to make that kind of money.

God knows what you'd spend it on, a one-way ticket to hell!
 Quoting: Anonymous Coward 2849260


That's why David Rockefeller owns the world?
Anonymous Coward
User ID: 29293827
Canada
12/11/2012 12:23 AM
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Re: Would you pay $5k in rent if you make 20k a month?
When I was young (early 20's), I was making much more than that
 Quoting: Anonymous Coward 16764710


How the hell were you making much more than $20k/mo in your early twenties?
 Quoting: Anonymous Coward 29608246


probably doing something useful with his life, as I am 22 right now netting $13k/month
Anonymous Coward
User ID: 29608246
United States
12/11/2012 12:24 AM
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Re: Would you pay $5k in rent if you make 20k a month?
When I was young (early 20's), I was making much more than that
 Quoting: Anonymous Coward 16764710


How the hell were you making much more than $20k/mo in your early twenties?
 Quoting: Anonymous Coward 29608246


probably doing something useful with his life, as I am 22 right now netting $13k/month
 Quoting: Anonymous Coward 29293827


Doing what?
Anonymous Coward
User ID: 1372987
United States
12/11/2012 12:24 AM
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Re: Would you pay $5k in rent if you make 20k a month?
sure, go ahead and give it a try
but see if the landlord accepts month to month terms
Anonymous Coward
User ID: 16764710
United States
12/11/2012 12:30 AM
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Re: Would you pay $5k in rent if you make 20k a month?
When I was young (early 20's), I was making much more than that
 Quoting: Anonymous Coward 16764710


How the hell were you making much more than $20k/mo in your early twenties?
 Quoting: Anonymous Coward 29608246


probably doing something useful with his life, as I am 22 right now netting $13k/month
 Quoting: Anonymous Coward 29293827



How? I got a good story that involves $500 (that's right I borrowed $500 at 21), a property tax auction and impeccable market timing. I was making nearly seven figures by 25.

Anything is possible!! Get out there and connect with people, be honest and work with integrity. Help others in your area of expertise for no other reason than to simply give back. I don't care if you're rich or broke. You'll gain respect and trust this way.

I'm in my 30's now and life is still amazing. I'm still working smart, always thinking outside the box and challenging my own intelligence. I don't care about the economy because whether we have a revolution or 20 years of instability, I'll find an honest opportunity.

Don't just learn one thing, learn many and want to do so. If someone asked you how to do something, Google it, figure it out and then get back to them with the answer. You'll learn a lot that way and help others in the process!!
Anonymous Coward
User ID: 25825617
United States
12/11/2012 12:34 AM
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Re: Would you pay $5k in rent if you make 20k a month?
I would actually like to rent a place for $25k a month. Will you loan me the other $5K a month?
Anonymous Coward
User ID: 16764710
United States
12/11/2012 12:36 AM
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Re: Would you pay $5k in rent if you make 20k a month?
When I was young (early 20's), I was making much more than that
 Quoting: Anonymous Coward 16764710


How the hell were you making much more than $20k/mo in your early twenties?
 Quoting: Anonymous Coward 29608246


probably doing something useful with his life, as I am 22 right now netting $13k/month
 Quoting: Anonymous Coward 29293827


I love hearing success stories like this. If I can give you any advice, be wise with your money. Invest wisely, don't drive a fancy car and don't let money get to your head!! It will give confidence, just don't let that confidence turn into arrogance!
Anonymous Coward
User ID: 29602768
Argentina
12/11/2012 12:39 AM
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Re: Would you pay $5k in rent if you make 20k a month?
Find something for $3000. Then send me $1000 a month at HowToTipsChannel@gmail.com so I can rent something for $500 and spend the other $500 to get drunk. And you save $1000 in total - Not a bad deal!
 Quoting: Anonymous Coward 29602768


y me hacés un pete
 Quoting: Anonymous Coward 20413827


heh.. Yeah,.
Anonymous Coward
User ID: 18850150
United States
12/11/2012 12:40 AM
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Re: Would you pay $5k in rent if you make 20k a month?
.

It's stupid.

Who knows how long one can continue to make $20,000 a month.

Better to save the extra money for a rainy day.



.
Anonymous Coward
User ID: 29602768
Argentina
12/11/2012 12:42 AM
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Re: Would you pay $5k in rent if you make 20k a month?
I would actually like to rent a place for $25k a month. Will you loan me the other $5K a month?
 Quoting: Anonymous Coward 25825617


If the first guy GIVES me $10k a month, I will happily loan you $5k with an interest of only 12%

hf
Anonymous Coward
User ID: 19222316
United States
12/11/2012 12:44 AM
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Re: Would you pay $5k in rent if you make 20k a month?
Yes. Live life to the fullest. Meet new people. Make more money by meeting new people. There is no future. Only right now. A new home makes one happy.
 Quoting: Carpe Diem 25512144


this ^^^^
Anonymous Coward
User ID: 29405888
United States
12/11/2012 12:44 AM
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Re: Would you pay $5k in rent if you make 20k a month?
I know people who make 2K a month and pay $500 a month to rent a room. Its not because they're stupid, its because they have no choice.
Integrity101

User ID: 29575898
United States
12/11/2012 12:45 AM

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Re: Would you pay $5k in rent if you make 20k a month?
Are you living like the jetsons?

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