so it buying a house and two years later being underwater. Is renting worse than that?
Focus and F-150
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Congrats on the new vehicles Nick.
Originally Posted By: mechanicx
Originally Posted By: LT4 Vette
I would have kept the Mazda.
I would've never bought the CX5 and kept the Chevy Cruze. That's all water under the bridge but I never understood getting rid of the Cruze.
Heck, I would've kept the first Focus and never bought the Cruze!
Originally Posted By: LT4 Vette
I would have kept the Mazda.
I would've never bought the CX5 and kept the Chevy Cruze. That's all water under the bridge but I never understood getting rid of the Cruze.
Heck, I would've kept the first Focus and never bought the Cruze!
Originally Posted By: exranger06
Originally Posted By: mechanicx
Originally Posted By: LT4 Vette
I would have kept the Mazda.
I would've never bought the CX5 and kept the Chevy Cruze. That's all water under the bridge but I never understood getting rid of the Cruze.
Heck, I would've kept the first Focus and never bought the Cruze!
Yeah bought I would've got a Cruze or Malibu instead of the first Focus
. Only Ford I would consider is a new Mustang.
Originally Posted By: mechanicx
Originally Posted By: LT4 Vette
I would have kept the Mazda.
I would've never bought the CX5 and kept the Chevy Cruze. That's all water under the bridge but I never understood getting rid of the Cruze.
Heck, I would've kept the first Focus and never bought the Cruze!
Yeah bought I would've got a Cruze or Malibu instead of the first Focus
Originally Posted By: Spector
so it buying a house and two years later being underwater. Is renting worse than that?
Yeah renting can still be worse. Pay $1k-2k/month rent for 2 years and you're in the hole for up $24k-$48k and continuing.
Of course real estate can be a rip off too especially during a bubble.
so it buying a house and two years later being underwater. Is renting worse than that?
Yeah renting can still be worse. Pay $1k-2k/month rent for 2 years and you're in the hole for up $24k-$48k and continuing.
Of course real estate can be a rip off too especially during a bubble.
mechanicx,
I rented a 2012 Cruze LTZ for a week and it was very impressive in many categories... much better car than I thought it would be.
I haven't driven a new Focus but it should suit Nick well for the next decade.
I rented a 2012 Cruze LTZ for a week and it was very impressive in many categories... much better car than I thought it would be.
I haven't driven a new Focus but it should suit Nick well for the next decade.
Originally Posted By: mechanicx
Of course real estate can be a rip off too especially during a bubble.
Not to mention the real estate taxes that you have to pay when owning. I could have been renting a small apartment for what I'm paying in real estate taxes alone. Add on top of that all the maintenance and repairs that you need on the house. If you rent - it's the landlord's problem.
Of course real estate can be a rip off too especially during a bubble.
Not to mention the real estate taxes that you have to pay when owning. I could have been renting a small apartment for what I'm paying in real estate taxes alone. Add on top of that all the maintenance and repairs that you need on the house. If you rent - it's the landlord's problem.
Originally Posted By: scurvy
And for anyone new to Nick R's new cars, here's the Cavalier, the first Focus, the Cruze and the CX-5.
I like your enthusiasm at each new purchase.
Don't have to oil a oiled gauze K&N air filter? I'm just getting into the second thread.
So here's what I got from reading those threads. 23-24,make sub-35000-50000 grand a year,has a car and insurance payment of 700 a month,and lives at home with his parents.
And society wonders why........
And for anyone new to Nick R's new cars, here's the Cavalier, the first Focus, the Cruze and the CX-5.
I like your enthusiasm at each new purchase.
Don't have to oil a oiled gauze K&N air filter? I'm just getting into the second thread.
So here's what I got from reading those threads. 23-24,make sub-35000-50000 grand a year,has a car and insurance payment of 700 a month,and lives at home with his parents.
And society wonders why........
Originally Posted By: Quattro Pete
Originally Posted By: mechanicx
Of course real estate can be a rip off too especially during a bubble.
Not to mention the real estate taxes that you have to pay when owning. I could have been renting a small apartment for what I'm paying in real estate taxes alone. Add on top of that all the maintenance and repairs that you need on the house. If you rent - it's the landlord's problem.
Yep. I've been playing in Excel on this, trying to figure out if buying or renting makes sense. I already own, so it's really not useful, other than to second-guess myself. Anyhow, one thing that comes to mind: yeah, you wind up with property that has value if you buy. So what? In order to get that value back you have to sell it, meaning, you no longer have that property. Or more likely, you're dead and passing it along, or nearly dead and funding the retirement home. Not saying it's a bad thing, but with renting you can always move every year if you wanted to, and all the problems (of the house) are someone else's problems. [Totally different lifestyles, no argument there.]
Originally Posted By: mechanicx
Of course real estate can be a rip off too especially during a bubble.
Not to mention the real estate taxes that you have to pay when owning. I could have been renting a small apartment for what I'm paying in real estate taxes alone. Add on top of that all the maintenance and repairs that you need on the house. If you rent - it's the landlord's problem.
Yep. I've been playing in Excel on this, trying to figure out if buying or renting makes sense. I already own, so it's really not useful, other than to second-guess myself. Anyhow, one thing that comes to mind: yeah, you wind up with property that has value if you buy. So what? In order to get that value back you have to sell it, meaning, you no longer have that property. Or more likely, you're dead and passing it along, or nearly dead and funding the retirement home. Not saying it's a bad thing, but with renting you can always move every year if you wanted to, and all the problems (of the house) are someone else's problems. [Totally different lifestyles, no argument there.]
Originally Posted By: supton
Not saying it's a bad thing, but with renting you can always move every year if you wanted to, and all the problems (of the house) are someone else's problems. [Totally different lifestyles, no argument there.]
No question there. I know people that would never own a house and finances have nothing to do with it. They don't want to be burdened with all the stuff you have to do when owning a house.
For me, I rented for a little while and I couldn't wait to get my own place. It was an apartment building and I hated all the smells during dinner time, management incompetence when handling issues and most of all, not being able to do even simple maintenance on my car.
As for Nick living with his parents, he should do it as long as he can, but and here is a big but, he should use this opportunity to actually achieve something in his life, other than owning three brand new cars in three years. Saving for and getting higher education would be my goal. Once you have to take care of all the bills it becomes that much harder to get back to school.
Not saying it's a bad thing, but with renting you can always move every year if you wanted to, and all the problems (of the house) are someone else's problems. [Totally different lifestyles, no argument there.]
No question there. I know people that would never own a house and finances have nothing to do with it. They don't want to be burdened with all the stuff you have to do when owning a house.
For me, I rented for a little while and I couldn't wait to get my own place. It was an apartment building and I hated all the smells during dinner time, management incompetence when handling issues and most of all, not being able to do even simple maintenance on my car.
As for Nick living with his parents, he should do it as long as he can, but and here is a big but, he should use this opportunity to actually achieve something in his life, other than owning three brand new cars in three years. Saving for and getting higher education would be my goal. Once you have to take care of all the bills it becomes that much harder to get back to school.
Originally Posted By: KrisZ
I'm keeping an eye on the new Focus hatch as well as Elantra GT. I will be looking into something newer and with manual gearbox in 2-3 years and these two 2012 models should be priced fairly well by then.
I'm sold on hatches. Over the weekend I was picking up a 55 inch flat screen tv for my in-laws and my 03 Focus had no problems fitting it in with the back seats folded down. Love the versatility!
Note that you pay $1,000 extra for the hatch in the Focus.
I'm keeping an eye on the new Focus hatch as well as Elantra GT. I will be looking into something newer and with manual gearbox in 2-3 years and these two 2012 models should be priced fairly well by then.
I'm sold on hatches. Over the weekend I was picking up a 55 inch flat screen tv for my in-laws and my 03 Focus had no problems fitting it in with the back seats folded down. Love the versatility!
Note that you pay $1,000 extra for the hatch in the Focus.
Originally Posted By: Quattro Pete
Originally Posted By: mechanicx
Of course real estate can be a rip off too especially during a bubble.
Not to mention the real estate taxes that you have to pay when owning. I could have been renting a small apartment for what I'm paying in real estate taxes alone. Add on top of that all the maintenance and repairs that you need on the house. If you rent - it's the landlord's problem.
In my area rent is about the same or more than a mortgage payment including real estate taxes. Was paying $1850 to rent a house (while we got to know the area), now paying $1750 to own a larger, newer home. Plus I bought a forclosure and am now way in the black.
Now is the time to buy, especially a fixerupper in a good neighborhood.
Originally Posted By: mechanicx
Of course real estate can be a rip off too especially during a bubble.
Not to mention the real estate taxes that you have to pay when owning. I could have been renting a small apartment for what I'm paying in real estate taxes alone. Add on top of that all the maintenance and repairs that you need on the house. If you rent - it's the landlord's problem.
In my area rent is about the same or more than a mortgage payment including real estate taxes. Was paying $1850 to rent a house (while we got to know the area), now paying $1750 to own a larger, newer home. Plus I bought a forclosure and am now way in the black.
Now is the time to buy, especially a fixerupper in a good neighborhood.
I like the new Focus. Nice choice.
I'm still amazed with your income that you don't just get your own place. I am a recent home owner all on my own income. It is much more gratifying than having a new car.
I'm still amazed with your income that you don't just get your own place. I am a recent home owner all on my own income. It is much more gratifying than having a new car.
2011? Craig, you do have a new car.
Originally Posted By: SLCraig
I like the new Focus. Nice choice.
I'm still amazed with your income that you don't just get your own place. I am a recent home owner all on my own income. It is much more gratifying than having a new car.
I could probably afford to, but I don't want to. Not with property and rental rates in Saratoga County. Plus, I wouldn't have anything left over. As long as they are happy to keep me around, I am more than happy to stay there. Maybe in 5 years I'll want to get out, but for right now I'm satisfied staying where I'm at.
I like the new Focus. Nice choice.
I'm still amazed with your income that you don't just get your own place. I am a recent home owner all on my own income. It is much more gratifying than having a new car.
I could probably afford to, but I don't want to. Not with property and rental rates in Saratoga County. Plus, I wouldn't have anything left over. As long as they are happy to keep me around, I am more than happy to stay there. Maybe in 5 years I'll want to get out, but for right now I'm satisfied staying where I'm at.
Originally Posted By: Quattro Pete
2011? Craig, you do have a new car.
I'd get rid of it at my first opportunity... (That might be coming soon) I commute to work about 90 miles/day and the old Saturns were just too much work. If I can lose the commute, the car is gone! (And will buy something old and fun)
I love $500 cars. They are my preference when they aren't needed as much.
2011? Craig, you do have a new car.
I'd get rid of it at my first opportunity... (That might be coming soon) I commute to work about 90 miles/day and the old Saturns were just too much work. If I can lose the commute, the car is gone! (And will buy something old and fun)
I love $500 cars. They are my preference when they aren't needed as much.
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