posted
Some of the posts made me curious and especially at a time where United States residents are subject to a housing crisis....whether or not you're a U.S. citizen, feel free to share if you rent or own
I don't "own" but spend the summer at my parent's house with no rent
The other eight months of the year I rent an apartment to get me through college so I should say I rent and have free residency a third of the year.
-------------------- If feet are your bottom line, you're gonna get trampled...if women are your bottom line, you're gonna get lovestruck!
posted
Neither, really; I inherited. It's a house on a lake, couldn't hardly pass it up...nobody warned me about property taxes, though; it's the municipality's way of letting me know that I'm only renting, even if I hold the deed.
Posts: 5067 | Registered: Apr 2005
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posted
career military and married == rental home or base housing
-------------------- When you go home tell them of us and say, for your tomorrow we gave our today. -John Maxwell Edmonds Posts: 1543 | Registered: Nov 2004
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posted
Renting. I'm in the military and will be moving to Japan soon. Haven't stayed in one place for more than 2 years.
Posts: 3359 | Registered: Apr 2006
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If you are in Okinawa you have to get to Tokyo if you are in Roppongi you hit the mother load.
You will love Roppongi - in Tokyo - U always need a meeting place like in Roppongi it is a Pink Almonds place. Altho if you are anything like me - I got tired of seeing "round-eye" and went to Shibuya, Shin-ju-ku and Yebis, mostly. There is a french quarter, Nakagawa, which helped me. I miss the impeccable first class service.
If you are single - you can PM me - I learned all that I could because I was looking into opening a biz to assist JET/young travellers in transitioning to JP.
If you are in Okinawa you have to get to Tokyo if you are in Roppongi you hit the mother load.
You will love Roppongi - in Tokyo - U always need a meeting place like in Roppongi it is a Pink Almonds place. Altho if you are anything like me - I got tired of seeing "round-eye" and went to Shibuya, Shin-ju-ku and Yebis, mostly. There is a french quarter, Nakagawa, which helped me. I miss the impeccable first class service.
If you are single - you can PM me - I learned all that I could because I was looking into opening a biz to assist JET/young travellers in transitioning to JP.
I'll be stationed in Yokosuka (i think thats how its spelled).
Posts: 3359 | Registered: Apr 2006
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posted
We own ours. We got a fixed rate loan back in '93 and its cheaper than renting for damn sure. I don't know how so many people got suckered into the adjustable loans that's caused another one of the many problems we're now facing in the US.
posted
I remember sitting in the room with the guys closing on our house and they told me that if we were to pay an extra $60 toward the principle each month we could have our house paid off in 15 rather than 30 years. Of course I was 25 years old at the time and didn't make as much dough as I do now I didn't even think that I could possibly be living in the same place that long. Funny how fast those 15 years flew by. If I had taken that advice back then I would've been done with it this year!
posted
When paying extra in a depreciating market you also need to look at what you really own - friends I know in a depressed area own a mortgage with is worse than renting since there is no equity and can't walk away.(eg like a car payment, only worse).
Risk tolerance - how Suze Orman got where she is - is important. Maybe owning it out right is important, but you are giving up the interest deduction or the opp cost of that money.
Understanding schedule E is the way to wealth. To get weatlh one has to forego security in the short run whereby creating wealth ergo security in the long run.
Oh, if you start from the beginning and pay and extra (principal only) payment a year - you can shorten it about 6 years - it depends on when you make that extra payment. In numbers it all depends.
posted
I'm a renter which works for me as I'm single and no children. The rent is fairly low so I am able to take trips to Mexico and other exotic places for diving.
-------------------- "People will always be tempted to wipe their feet on anything with 'welcome' written on it." Andy Partridge (now here is an idea!) Posts: 2959 | Registered: Feb 2008
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