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I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....

 
Anonymous Coward
User ID: 74530628
United States
05/19/2017 04:11 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
OP, I will be like you someday.

I guess I am considered a "Millenial," as I was born in 1982, but I am right on the cusp, so I don't feel dumb like one.

But I am DONE with renting! I want to own my own house that I can fix up, paint how I want it, etc. Then possibly sell for a profit in about 5 years give or take. I am sick of throwing away my money on rent, when I could be putting it into my house, and get back someday if I ever want to sell.

My problem is, I haven't been able to afford one yet, but I am getting veryclose! I am a self-employed artist, so it has been slow going, but I have been working diligently to pay down my debt, and am nearly down to a level I feel comfortable with, plus my credit score is much better.

But I am considered low income, so it has been a struggle the past few years to even think I could afford a home. But I realized there is a way! There is free money out there for those willing to seek it! I can potentially buy a cheap fixer-upper house (I'm totally into refinishing and all that type of stuff) with no money down!

I already have down payment assistance figured out and will potentially have $5,000 towards that. I will have a $1,000 in earnest money saved up, and another $400 for Inspection fee. And the mortgage bank I want to do business with offers an additional $1,000 down payment assistance and they cover closing costs as a house warming gift! So there are plenty of houses in my price range, and the area has very low taxes too.

Plus I have found another free money source. I qualified for and got set up with an IDA account: Individual Development Account, offered through my state. It is a program for low income to help you get ahead a little easier. For the money I save, they will match me 3 to 1. So I plan to max out the amount I can save and what they will match to, and I will end up with $4,800 by next October. The only stipulation to get this money is that it has to be used toward home repair (or downpayment on a house), opening a business, or further school/education. It's a pretty cool program.

I plan on using it to fix up any major stuff with whatever house I get, and then sell within 2 years or so, and take the Capital Gains exemption for the profit.

I plan to buy rental properties someday. I used to be a leasing agent, so I know what it entails. If you haven't had enough time or money to save for retirement, rental properties are the way to retire...
 Quoting: BleachedPink1111


You sound wayyyyyyy to poor to own a home.....buy it with your own money stop usig these bullshit programs to help you buy a home u cant afford.....plus u sound like a pussy
Anonymous Coward
User ID: 34398756
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05/19/2017 04:13 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Own 3 villa style units in the same complex, all bought individually for about $50-60k and paid in full by rolling the rent payments into the mortgage payments over the course of about 10-12 years. Now, two month's rent payments on each pay for the property taxes, maintenance fees and insurance and all the rest is profit, to the tune of about $2400/month, which has allowed me to scale my self-employment down to part time and set my own schedule. Meanwhile all three properties have appreciated in value since I've owned them. The first one I paid $50k for could easily be sold for $65k now and the most recent one, which has a second bathroom would fetch $75. All of these units are currently being rented by millennials who, in casual conversation, tell me how much they like to rent because they think it is stupid to own a house and that they never will. They all work menial service jobs here and there and are always complaining about not having any money. Meanwhile, they are making me a small fortune. People often talk about how stupid and out of touch with the real world that millenials are but there are certainly ways to profit from their stupidity, which I strongly encourage.
epiclol
 Quoting: Anonymous Coward 74910446


50K?? Where do you live? If you can rent these units out at that rate and get that from on such an inexpensive units, kudos to you. Unfortunately, what you have is not the norm. Typically in Ottawa, Canada where I live, a unit costing over $1000 in rent, would sell for about 250K.
 Quoting: Anonymous Coward 10023389


This is in central Florida. The units are relatively small, the 1 bedrooms are 800sqft and the two bedrooms are 950sqft but they are nice clean, low maintenance. They are part of a managed property which provides all exterior maintenance to both the units and the grounds. very well maintained by a management company. I bought into them at the low end, before the market had even really began to recover. And yes, I bought these units specifically because they were cheap but were still able to pull in $800-$900/month rent. The rise in value has just occurred within the past 2-3 years. My plan is to sell all three when the combined value reaches $250k. Thanks millennials!
rockon
 Quoting: Anonymous Coward 74910446


And here you made it sound like you owned some badass villas in a nice community lol.
Anonymous Coward
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United States
05/19/2017 04:15 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
OP, I will be like you someday.

I guess I am considered a "Millenial," as I was born in 1982, but I am right on the cusp, so I don't feel dumb like one.

But I am DONE with renting! I want to own my own house that I can fix up, paint how I want it, etc. Then possibly sell for a profit in about 5 years give or take. I am sick of throwing away my money on rent, when I could be putting it into my house, and get back someday if I ever want to sell.

My problem is, I haven't been able to afford one yet, but I am getting veryclose! I am a self-employed artist, so it has been slow going, but I have been working diligently to pay down my debt, and am nearly down to a level I feel comfortable with, plus my credit score is much better.

But I am considered low income, so it has been a struggle the past few years to even think I could afford a home. But I realized there is a way! There is free money out there for those willing to seek it! I can potentially buy a cheap fixer-upper house (I'm totally into refinishing and all that type of stuff) with no money down!

I already have down payment assistance figured out and will potentially have $5,000 towards that. I will have a $1,000 in earnest money saved up, and another $400 for Inspection fee. And the mortgage bank I want to do business with offers an additional $1,000 down payment assistance and they cover closing costs as a house warming gift! So there are plenty of houses in my price range, and the area has very low taxes too.

Plus I have found another free money source. I qualified for and got set up with an IDA account: Individual Development Account, offered through my state. It is a program for low income to help you get ahead a little easier. For the money I save, they will match me 3 to 1. So I plan to max out the amount I can save and what they will match to, and I will end up with $4,800 by next October. The only stipulation to get this money is that it has to be used toward home repair (or downpayment on a house), opening a business, or further school/education. It's a pretty cool program.

I plan on using it to fix up any major stuff with whatever house I get, and then sell within 2 years or so, and take the Capital Gains exemption for the profit.

I plan to buy rental properties someday. I used to be a leasing agent, so I know what it entails. If you haven't had enough time or money to save for retirement, rental properties are the way to retire...
 Quoting: BleachedPink1111


You sound wayyyyyyy to poor to own a home.....buy it with your own money stop usig these bullshit programs to help you buy a home u cant afford.....plus u sound like a pussy
 Quoting: Anonymous Coward 74530628


I mostly agree, get a better job first because those programs are a pretty fucking shaky way to "secure" "your" first home.

I'm poor as fuck but my first house will be bought with $60,000 I saved cash money.
Anonymous Coward
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05/19/2017 04:29 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Sometimes yes, sometimes no. Home ownership over the long term is a generally a break even deal for most people. (due to taxes and upkeep). If you can buy units that need only basic maintenance and flip them before costly repairs like roofs need to be done, you can make out like a bandit. Like all investing timing is everything.
 Quoting: Bud Fox


Most people that invest in homes to rent don't really get much return from them. Yeah, you can probably rent it out enough to pay off the house, but you're not going to be a millionaire doing so. And those that own multiple homes and try to run the whole rent scheme as a business soon find out its not worth it when maintenance costs just sky rocket and every cleaner, subcontractor and whatever just rips you a new one.

You'd have to be a big renter that owns hundreds of homes for it to be worthwhile.
Anonymous Coward (OP)
User ID: 74910446
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05/19/2017 07:53 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Sometimes yes, sometimes no. Home ownership over the long term is a generally a break even deal for most people. (due to taxes and upkeep). If you can buy units that need only basic maintenance and flip them before costly repairs like roofs need to be done, you can make out like a bandit. Like all investing timing is everything.
 Quoting: Bud Fox


Most people that invest in homes to rent don't really get much return from them. Yeah, you can probably rent it out enough to pay off the house, but you're not going to be a millionaire doing so. And those that own multiple homes and try to run the whole rent scheme as a business soon find out its not worth it when maintenance costs just sky rocket and every cleaner, subcontractor and whatever just rips you a new one.

You'd have to be a big renter that owns hundreds of homes for it to be worthwhile.
 Quoting: Anonymous Coward 74917589


The thing is that someone could take out a 30 year mortgage on one of these places and end up with a monthly mortgage payment of about $300/month. That scenario makes no sense, especially when the same person is willing to fork over $850 to a landlord to live in the same property. If they paid the same $850 towards a mortgage they could own the property free and clear within 8 years. One of my tenants has already been in one of the units for 4 years. Should they chose to move out, they will walk away with nothing, no equity, nothing. Seems to me that these same millennials have no problem forking out $850/mo while complaining that they have no money. 8 years from now they will still be complaining and with nothing to show for it. Its not a scheme, its simply business, called "passive income".
Al_Swearengen
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05/19/2017 07:58 PM

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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Same here.

I'm 35, own two homes, rent to young people, $2250 net profit every month.

I think it's a pretty damn good deal for me!
Announcing your plans is a good way to hear God laugh.

You have to swim with the sharks and alligators before you get what you want. Life is a choice.
Al_Swearengen
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05/19/2017 08:00 PM

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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Sometimes yes, sometimes no. Home ownership over the long term is a generally a break even deal for most people. (due to taxes and upkeep). If you can buy units that need only basic maintenance and flip them before costly repairs like roofs need to be done, you can make out like a bandit. Like all investing timing is everything.
 Quoting: Bud Fox


Most people that invest in homes to rent don't really get much return from them.
Yeah, you can probably rent it out enough to pay off the house, but you're not going to be a millionaire doing so. And those that own multiple homes and try to run the whole rent scheme as a business soon find out its not worth it when maintenance costs just sky rocket and every cleaner, subcontractor and whatever just rips you a new one.

You'd have to be a big renter that owns hundreds of homes for it to be worthwhile.
 Quoting: Anonymous Coward 74917589


facepalmbig
Announcing your plans is a good way to hear God laugh.

You have to swim with the sharks and alligators before you get what you want. Life is a choice.
Vespertopia1818
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05/19/2017 08:01 PM

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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Fuocking babybloomer. Be grateful for what you have arsehole and hamdle like a man.
Dragon Slayer
Anonymous Coward
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05/19/2017 08:04 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
You really brought out the retards with this thread op.

Congrats on them and their like paying your bills
Anonymous Coward
User ID: 4952032
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05/19/2017 08:15 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
I'm like OP....started with buying a parking space in a lot for 7K.....sold it 2 yrs later for 28K after they built a large condo building a block away.....

Rolled that into flips during the real estate boom.....sold off in 2006 and paid off mortgages on 3 choice properties I kept....now the 3 properties are a cash cow.....moo.....

These are properties by transportation hubs and in high demand.....not one rental sat vacant more than a month.....

Soooo.....I love millenials renters.....
Anonymous Coward
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05/19/2017 08:16 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
People who own property are stupid if they think they really own it.

A test for home “owners”, don’t pay your property taxes (rent) and see how long you can claim your property. You’ll find out who really owns it.
Anonymous Coward
User ID: 4952032
United States
05/19/2017 08:22 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
People who own property are stupid if they think they really own it.

A test for home “owners”, don’t pay your property taxes (rent) and see how long you can claim your property. You’ll find out who really owns it.
 Quoting: Anonymous Coward 35933988


The property tax is factored into the rent along with utilities, and repairs......

I been doing this for 30+ yrs and never had a problem paying property taxes....its a business, a profit generating business.....so who ever "owns" it matter not to me....Matter of fact I'm selling off all my properties within 5 yrs to retire....so the next owners can ponder this deep question....
Anonymous Coward
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05/19/2017 08:26 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Own 3 villa style units in the same complex, all bought individually for about $50-60k and paid in full by rolling the rent payments into the mortgage payments over the course of about 10-12 years. Now, two month's rent payments on each pay for the property taxes, maintenance fees and insurance and all the rest is profit, to the tune of about $2400/month, which has allowed me to scale my self-employment down to part time and set my own schedule. Meanwhile all three properties have appreciated in value since I've owned them. The first one I paid $50k for could easily be sold for $65k now and the most recent one, which has a second bathroom would fetch $75. All of these units are currently being rented by millennials who, in casual conversation, tell me how much they like to rent because they think it is stupid to own a house and that they never will. They all work menial service jobs here and there and are always complaining about not having any money. Meanwhile, they are making me a small fortune. People often talk about how stupid and out of touch with the real world that millenials are but there are certainly ways to profit from their stupidity, which I strongly encourage.
epiclol
 Quoting: Anonymous Coward 74910446

Landlord.Interesting.Most rentals here get destroyed by the renters.your on the line for the homes you mortgaged?good luck.hope your prepping
Anonymous Coward
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05/19/2017 08:28 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
People who own property are stupid if they think they really own it.

A test for home “owners”, don’t pay your property taxes (rent) and see how long you can claim your property. You’ll find out who really owns it.
 Quoting: Anonymous Coward 35933988


Do you have a point?

So that is a reason to pay someone elses mortgage?

Do you live in the woods?
Anonymous Coward
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05/19/2017 08:29 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
There is no ownership without allodial title.

[link to en.m.wikipedia.org (secure)]
 Quoting: plus


gold right there
Anonymous Coward
User ID: 72831354
Canada
05/19/2017 08:36 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
give a house listing in any urban city in Canada I can buy for $50-60K? Heck even 200K. Unless you buy a single roomcondo or townhouse, millenials are SOL when average wage is 45K/year. Plus average property tax is like 4K.

Tenants can be shitty too. what if you rent to a jerk who doesnt pay for the month? who is going to pay the mortgage for the month?

[link to www.homefinder.ca (secure)]
Unknown User 89

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05/19/2017 08:52 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Own 3 villa style units in the same complex, all bought individually for about $50-60k and paid in full by rolling the rent payments into the mortgage payments over the course of about 10-12 years. Now, two month's rent payments on each pay for the property taxes, maintenance fees and insurance and all the rest is profit, to the tune of about $2400/month, which has allowed me to scale my self-employment down to part time and set my own schedule. Meanwhile all three properties have appreciated in value since I've owned them. The first one I paid $50k for could easily be sold for $65k now and the most recent one, which has a second bathroom would fetch $75. All of these units are currently being rented by millennials who, in casual conversation, tell me how much they like to rent because they think it is stupid to own a house and that they never will. They all work menial service jobs here and there and are always complaining about not having any money. Meanwhile, they are making me a small fortune. People often talk about how stupid and out of touch with the real world that millenials are but there are certainly ways to profit from their stupidity, which I strongly encourage.
 Quoting: Anonymous Coward 74910446


Good for you op. I'm a millennial, I honestly don't care. As long as I have a home is all that matters.
Anonymous Coward
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05/19/2017 09:06 PM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Same here.

I'm 35, own two homes, rent to young people, $2250 net profit every month.

I think it's a pretty damn good deal for me!
 Quoting: Al_Swearengen


Rent 2 homes in southern Cali. I sold 2 SoCal homes years ago before the Maobama-Bush fustercluck and absolutely killed it. Bought 2 more and bought 1 in Coral Gables Fla and 1 Richardson Tx. I live in those.
I absolutely rape these stupid kids in south Orange County. They pay me what I want and I have raised the rent every year.
They all own what I call fast and furious cars. High end, overrated, muffler, dork cars that they pay through the nose for. Add the rent with the monthly payments for the dork mobiles and they can't save a damn nickel.
The millennial generation are absolute morons.
Anonymous Coward
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05/20/2017 01:41 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
I'm a non millenial and I bought property when it was cheap because I made 50K/year. Now the prices skyrocketed and I am worth triple. Now I rent out to millenials because they only make 50K/year and can't afford a house at today's prices. Millenials are stupid.....they were born in the wrong generation.
Anonymous Coward (OP)
User ID: 74910446
Canada
05/20/2017 08:16 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
People who own property are stupid if they think they really own it.

A test for home “owners”, don’t pay your property taxes (rent) and see how long you can claim your property. You’ll find out who really owns it.
 Quoting: Anonymous Coward 35933988


norespect
Anonymous Coward
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05/20/2017 08:42 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Own 3 villa style units in the same complex, all bought individually for about $50-60k and paid in full by rolling the rent payments into the mortgage payments over the course of about 10-12 years. Now, two month's rent payments on each pay for the property taxes, maintenance fees and insurance and all the rest is profit, to the tune of about $2400/month, which has allowed me to scale my self-employment down to part time and set my own schedule. Meanwhile all three properties have appreciated in value since I've owned them. The first one I paid $50k for could easily be sold for $65k now and the most recent one, which has a second bathroom would fetch $75. All of these units are currently being rented by millennials who, in casual conversation, tell me how much they like to rent because they think it is stupid to own a house and that they never will. They all work menial service jobs here and there and are always complaining about not having any money. Meanwhile, they are making me a small fortune. People often talk about how stupid and out of touch with the real world that millenials are but there are certainly ways to profit from their stupidity, which I strongly encourage.
epiclol
 Quoting: Anonymous Coward 74910446


Good start except for the part of them scraping by..if they fail then they out you at risk. At least you have diversified across three. Maybe instead of taking a break on the selfemployment you could invest in a few more units to diversify more.
Anonymous Coward
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05/20/2017 08:45 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Same here.

I'm 35, own two homes, rent to young people, $2250 net profit every month.

I think it's a pretty damn good deal for me!
 Quoting: Al_Swearengen


Rent 2 homes in southern Cali. I sold 2 SoCal homes years ago before the Maobama-Bush fustercluck and absolutely killed it. Bought 2 more and bought 1 in Coral Gables Fla and 1 Richardson Tx. I live in those.
I absolutely rape these stupid kids in south Orange County. They pay me what I want and I have raised the rent every year.
They all own what I call fast and furious cars. High end, overrated, muffler, dork cars that they pay through the nose for. Add the rent with the monthly payments for the dork mobiles and they can't save a damn nickel.
The millennial generation are absolute morons.
 Quoting: Anonymous Coward 70110094


Meh - that's not cool. Taking advantage of people will catch up with you eventually.
Anonymous Coward
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United States
05/20/2017 08:50 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Own 3 villa style units in the same complex, all bought individually for about $50-60k and paid in full by rolling the rent payments into the mortgage payments over the course of about 10-12 years. Now, two month's rent payments on each pay for the property taxes, maintenance fees and insurance and all the rest is profit, to the tune of about $2400/month, which has allowed me to scale my self-employment down to part time and set my own schedule. Meanwhile all three properties have appreciated in value since I've owned them. The first one I paid $50k for could easily be sold for $65k now and the most recent one, which has a second bathroom would fetch $75. All of these units are currently being rented by millennials who, in casual conversation, tell me how much they like to rent because they think it is stupid to own a house and that they never will. They all work menial service jobs here and there and are always complaining about not having any money. Meanwhile, they are making me a small fortune. People often talk about how stupid and out of touch with the real world that millenials are but there are certainly ways to profit from their stupidity, which I strongly encourage.
epiclol
 Quoting: Anonymous Coward 74910446


I just kicked some snowflake couch people out of my house. The female cleaned and did laundry, the male refused to get a job, didn't even know how to fill out an application at 20 yrs old, said his dad usually filled them out for him. I told him to mow the lawn before I got back from Texas for work and discovered he made his woman mow the lawn, I kicked him out but told her she and the baby could stay, she followed him.
no name
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05/20/2017 09:33 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
LOL
I have a piece of paper that says I OWN MY Home.
But do I ?????
Let me forget to pay my taxes.... and the town
will take it away from me.
Let me forget to pay the insurance and the bank
will take it away.
Had a heart attack and could not mow my yard.....
The grass got to tall....
First I was fined... followed by a notice that
Yep.... the town would take it away from me.
But to ad insult to injury the new environmentally
or what ever it was paint that I had to buy last
summer for the trim "PEELED"
And (ya got it) the town code people contacted me
that I needed to get that corrected... or....
You Got It the town would fine me and then if not
corrected take it away from me.
Also... perhaps I should mention that I bought the
damn place when prices were high and I had a good
income.
But six months later the bottom fell out and the
house was and still is worth half of what I paid
for it, which makes selling it difficult due to
the loan from the bank which is owned by another
bank which is owned my another bank which ultimately
is controlled by...
Yup you got it the government.
Oh... and due to the crash the good job ended...
And now just making payments is difficult....
Sorry
Ownership is a myth.....
Sunny Daze

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05/20/2017 09:41 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
I think the entire topic is bull shit ... you can't even buy an RV for fifty K ... much less a "villa" type apt ... not in this country ... not even if it is in foreclosure ...

bsflag
Daggo
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05/20/2017 09:45 AM

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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Own 3 villa style units in the same complex, all bought individually for about $50-60k and paid in full by rolling the rent payments into the mortgage payments over the course of about 10-12 years. Now, two month's rent payments on each pay for the property taxes, maintenance fees and insurance and all the rest is profit, to the tune of about $2400/month, which has allowed me to scale my self-employment down to part time and set my own schedule. Meanwhile all three properties have appreciated in value since I've owned them. The first one I paid $50k for could easily be sold for $65k now and the most recent one, which has a second bathroom would fetch $75. All of these units are currently being rented by millennials who, in casual conversation, tell me how much they like to rent because they think it is stupid to own a house and that they never will. They all work menial service jobs here and there and are always complaining about not having any money. Meanwhile, they are making me a small fortune. People often talk about how stupid and out of touch with the real world that millenials are but there are certainly ways to profit from their stupidity, which I strongly encourage.
epiclol
 Quoting: Anonymous Coward 74910446


You Sir understand how to work the system, kudos on learning how to make some money like the elite and banks. You must of been educated before the government fucked our school systems or were home schooled.

Last Edited by Daggo on 05/20/2017 09:47 AM
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Anonymous Coward
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05/20/2017 10:04 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Why do older generations continue to bash the younger folk? Do you not realize that you are the same people who raised them? They learned from their elders. In my reality, older people are the most entitled of the group, especially ex military!
Anonymous Coward
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05/20/2017 10:08 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Own 3 villa style units in the same complex, all bought individually for about $50-60k and paid in full by rolling the rent payments into the mortgage payments over the course of about 10-12 years. Now, two month's rent payments on each pay for the property taxes, maintenance fees and insurance and all the rest is profit, to the tune of about $2400/month, which has allowed me to scale my self-employment down to part time and set my own schedule. Meanwhile all three properties have appreciated in value since I've owned them. The first one I paid $50k for could easily be sold for $65k now and the most recent one, which has a second bathroom would fetch $75. All of these units are currently being rented by millennials who, in casual conversation, tell me how much they like to rent because they think it is stupid to own a house and that they never will. They all work menial service jobs here and there and are always complaining about not having any money. Meanwhile, they are making me a small fortune. People often talk about how stupid and out of touch with the real world that millenials are but there are certainly ways to profit from their stupidity, which I strongly encourage.
epiclol
 Quoting: Anonymous Coward 74910446

Interesting.Most rentals here get destroyed by the renters.
 Quoting: Anonymous Coward 67848085


True. I couldn't handle being a landlord. Renters are about as careful as feral hogs. Rare to find one who will treat a place right.
Anonymous Coward
User ID: 72550208
05/20/2017 10:10 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
Renting is best when you intend to move around a lot. The cost of buying and selling in addition to other things such as taxes, insurance, maintenance out weighs rent... plus the hassle. It all depends on your habits and future intentions.
Anonymous Coward
User ID: 74561869
United States
05/20/2017 11:56 AM
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Re: I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
LOL
I have a piece of paper that says I OWN MY Home.
But do I ?????
Let me forget to pay my taxes.... and the town
will take it away from me.
Let me forget to pay the insurance and the bank
will take it away.
Had a heart attack and could not mow my yard.....
The grass got to tall....
First I was fined... followed by a notice that
Yep.... the town would take it away from me.
But to ad insult to injury the new environmentally
or what ever it was paint that I had to buy last
summer for the trim "PEELED"
And (ya got it) the town code people contacted me
that I needed to get that corrected... or....
You Got It the town would fine me and then if not
corrected take it away from me.
Also... perhaps I should mention that I bought the
damn place when prices were high and I had a good
income.
But six months later the bottom fell out and the
house was and still is worth half of what I paid
for it, which makes selling it difficult due to
the loan from the bank which is owned by another
bank which is owned my another bank which ultimately
is controlled by...
Yup you got it the government.
Oh... and due to the crash the good job ended...
And now just making payments is difficult....
Sorry
Ownership is a myth.....
 Quoting: no name 70868562


clappa

There is no such thing as home ownership.


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