modding

[shenanigans]

understandable if you cannot afford a house yet.

just pointing out the differnece.

$300 a month goes in your landlords pocket, he takes your money and buys strippers and beer.

The $1000 a month on a house goes, towards paying off your house, you can take a loan out against your house, and you are not losing any money, its your own money. You can up and sell the house, and all the money you paid on your mortgage, is given to you as a fat check.

So in a way owning a house is like a savings account. You never lose the money you spend on it, it just goes to more of the house you own.

[MTMike]

Originally posted by shenanigans:
understandable if you cannot afford a house yet.

just pointing out the differnece.

$300 a month goes in your landlords pocket, he takes your money and buys strippers and beer.

The $1000 a month on a house goes, towards paying off your house, you can take a loan out against your house, and you are not losing any money, its your own money. You can up and sell the house, and all the money you paid on your mortgage, is given to you as a fat check.

So in a way owning a house is like a savings account. You never lose the money you spend on it, it just goes to more of the house you own.

Exactly!

Everyone is not ready for a house right off. They are a lot of responsibility, but they, in most case, are a great investment. When you're a 19 year old college student, buying a house isn't a good idea.... but as you get older you'll find that you need more than 300 sq.ft with a mattress on the floor :D

There was a time just 6 years ago that everything I owned fit in a dorm room and I could just up & move just by loading my computer, clothes & guitar into my car.

Now my wife & I are already outgrowing a 1500 sqft, 3 bedroom house with an unfinished basement. and a garage-sized shed.

All I'm saying is things & plans will change very quickly when you're young, and whats "just fine" for you now may not be in 4 years, so just be prepared [img]smile.gif[/img]

Mike