View Poll Results: What to do with an Evo X in the future?
Be responsible and buy a house, Evo soon after
54
62.79%
Buy a house and save for the future
6
6.98%
Buy an Evo and screw the house
17
19.77%
Throw it all on black, move to Silicon Beach and live in the sun
9
10.47%
Voters: 86. You may not vote on this poll
Evo X or House?
Newbie
Joined: May 2012
Posts: 21
Likes: 0
From: Seminole, TX
Last edited by beetle_orange; Dec 5, 2013 at 10:35 AM.
!!!! Wow, had no idea. Definitely gonna have to take advantage of that now. Have great credit and a huge down, might as well do the right thing. Thanks for everyone's input. Not that it was a huge debate, but I hate growing up.
Good luck on the house hunt
im a real estate investor. I really think you guys both got the concept wrong.
owning a house does not mean you are financially smart.
owning a house is not an investment.
the only investment is where it brings you positive cashflow.
owning a house means you got a debt, or aka, negative cashflow.
you should jsut save money and rent. and still buy an evo.
"building up equity" means nothing.
you earn equity when you buy, not when you build it.
owning a house does not mean you are financially smart.
owning a house is not an investment.
the only investment is where it brings you positive cashflow.
owning a house means you got a debt, or aka, negative cashflow.
you should jsut save money and rent. and still buy an evo.
"building up equity" means nothing.
you earn equity when you buy, not when you build it.
Game of pro's and con's. Financially, renting is more expensive as mortgage will be most likely HALF or less than the rent.
I actually went and got my 2nd evo instead of buying a house. Why? In my case, I plan on moving the hell out of AR and did not want to deal with selling/renting the house if we did indeed buy it.
Being a home owner has A LOT of things to consider. Maintenance, you cannot just call up your landlord and tell em to fix it. Electrical work, plumbing work etc all will be out of pocket.
One thing that absolutely annoys the hell out of me is that over 30 years, even with minimal apr... A 140k house becomes 375k. That just pisses me off... Pay as much as you can if you do end up getting a house. So... When looking, dont go for the minimum 1000 mortgage payment but 400 so you can put 800 a month. If you do sell your house 20-30 years down the road, you wont be able to sell it for 375k so do not think about it as a "great investment".
Evo will depreciate true, but like I said... You just spend 375k over 30 years but will only get 140k (what you initially are spending, that is IF you are LUCKY!).
I actually went and got my 2nd evo instead of buying a house. Why? In my case, I plan on moving the hell out of AR and did not want to deal with selling/renting the house if we did indeed buy it.
Being a home owner has A LOT of things to consider. Maintenance, you cannot just call up your landlord and tell em to fix it. Electrical work, plumbing work etc all will be out of pocket.
One thing that absolutely annoys the hell out of me is that over 30 years, even with minimal apr... A 140k house becomes 375k. That just pisses me off... Pay as much as you can if you do end up getting a house. So... When looking, dont go for the minimum 1000 mortgage payment but 400 so you can put 800 a month. If you do sell your house 20-30 years down the road, you wont be able to sell it for 375k so do not think about it as a "great investment".
Evo will depreciate true, but like I said... You just spend 375k over 30 years but will only get 140k (what you initially are spending, that is IF you are LUCKY!).
