Please Scroll Down to See Forums Below Funny how few people look at "buy less on credit" or "make more money" as options these days
oh u silly americans. how i love thee.
c
credit isn't the issue...Retarded people is.
SERIOUS thread about building credit - SERIOUS posters only
- Thread starter the.gladiator1987
- Start date
credit isn't the issue...Retarded people is.
Funny how few people look at "buy less on credit" or "make more money" as options these days
oh u silly americans. how i love thee.
c
Well I want a credit card to build credit and buy a house to live with my husband and little ones (dogs
), for now Im stuck paying rent but would love to put that money as payments for a nice quiet house, property value is really low here now and would have loved to buy a house to take advantage and possibly sit on it and flip it or just live peacefully.... but seeing I start from 0 that aint gonna happen any time soon.... 
Well I want a credit card to build credit and buy a house to live with my husband and little ones (dogs
*buys $300k house*
*pays $700k over 30 years*
*claims house is an investment*
vs.
*spends 1/3rd or 1/4th as much renting*
*saves $1500/mth instead*
*yields 5%/yr return on that $1500/mth*
*has $1,577,913.35 after 30 years assuming 0 wage increases*
*buys $300k house*
*pays $700k over 30 years*
*claims house is an investment*
vs.
*spends 1/3rd or 1/4th as much renting*
*saves $1500/mth instead*
*yields 5%/yr return on that $1500/mth*
*has $1,577,913.35 after 30 years assuming 0 wage increases*
One would think after the past two years that buying a house is not the smart purchase it once was. My low rent lifestyle looks more and more attractive to people after everyone lost their asses.
Personally, I'm a house person... just how I grew up and stuff. I would never even think about doing so without 25% down and mortgage + misc at less than ~35% of monthly gross income, though.
I think the problem isn't just limited to houses -- people/americans just *assume* they are *entitled* to getting crap on credit that they simply can't afford.
But, as per above, we can't control the dumbs, so we gotta control the credit.
*buys $300k house*
*pays $700k over 30 years*
*claims house is an investment*
vs.
*spends 1/3rd or 1/4th as much renting*
*saves $1500/mth instead*
*yields 5%/yr return on that $1500/mth*
*has $1,577,913.35 after 30 years assuming 0 wage increases*
where can you rent anything equivalent to a house for 1/3-1/4 less?
bakemeacookie
New member
Well I want a credit card to build credit and buy a house to live with my husband and little ones (dogs
Nah. I know a ton of immigrants who did. Buy a smaller house, buy a condo, make more money, put down more down payment, shop around aggressively for mortgages. There's always options that don't involve making someone rich for giving you money to buy plasma tv's and jet-skis (or $10k bikes). However corporate america doesn't want you to know this.
I never use credit, have lotsa savings and live in a house. Just sayin'. Banks hate guys like me.
lol @ samoth - dude ur talking to americans about money
c
I think the OP of what I copied was referring to high-COL areas like NYC, HK, &c.
I think nan is somewhere in florida IIRC
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