lately, i have been growing exceedingly frustrated with leasing an ‘apartment’. not only are neighbors annoying, noisy, slobs, – but rent is expensive where i live. its not worth it to me to pay so much money and have absolutely no return on that investment. All that money could be going towards a house.
So, the process of home owning is now rolling. I qualify for up to 135 grand (although those mortgage payments would be less than affordable)… In reality im looking to spend 110 – 115 k. So i’m 99 % sure that i’m going to own a home before, perhaps way before; my lease ends in may. We have looked at one, and are scheduled to look at two more… If i find something i like for an affordable price, consider me homeownerberge. I dont even mind if it’s a bit of a fixer upper. Pretty much as long as it is not an apartment, and my stuff can fit into it, i would possibly be interested.
in addition to house shopping… i love every one of my friends. This was one of the better weekends of my entire life. Thanks to everyone who participated. It was especially nice to let loose after a fairly stressful week at work. My position is really evolving to a point where i am the go to guy for alot of different things. Blackberries, the SAN, pretty much anythin server related, etc. etc… Its very exciting. But, in cases where you have to be the one to administer a “Disaster recovery SAN failover test” – it can be a slight bit stressful.
At any rate – the D.R test was a success, im vanberge, payner can arrest me legally, vanlandw lost 10 knockout matches straight, vanbergs is my brother, flo throws up if he bowls, i suck at bowling, uccello’s has the best pizza ever, some day i’m eating “the legend”, and Gran Turismo 4 has gotten me back into it.
you are doing the right thing vanberge….your rent isn’t too bad because you are practically living with two incomes…but putting that money into a house at this junction is the right thing.
if i had a full-time job i knew i could tolerate for the long haul i would be doing the same thing
and yes payner is going to betray us all and throw us in jail
also for anybody reading vanberge failed to mention he was LAST in bowling for two games….brb
you have a blackberry? do you have a bes too?
Yeah… alot of people use them at our company, so we have a BES.
Don’t let them sucker you into the 30-year morgage. You definately want to do the 15-year plan. Try to get your employer to automatically deduct from your check, so you are paying as frequently as possible. You will save your self many thousands of dollars.
Hell, after the 15-years are up and you are used to living without the money, you can have it automatically deducted into an IRA and be in excellent shape after 30-years instead of just paying off the house.
a 15 year mortgage is not even plausible. In order to afford a 15 year mortgage, i would have to buy a house that is about 40k.
a ‘normal’ house in a 15 year plan would cost more than i even make in a month.
well…soon you will have a joint bank account and two incomes to pay on a house….just some food for thought.
I’m counting two incomes. 😛
after taxes, home insurance, etc… a 15 year plan would cost like 1200-1400 dollars a month.
It’s pretty cut / dry that is not affordable as we each have expensive cars already.
Well, like I said. If you cannot afford to buy a house in 15-years, you cannot afford to buy a house. Suck it up, and continue to lease until you can. 😉
Clearly jja leaves comments merely to accomplish conflict.
So i suppose you are waiting to get your “master’s” until you can afford to pay your tuition in one shot then? because i bet your credit card interest rate is much higher then the one i will get on my mortgage. As i do work at a bank.
Regardless of 15/30 year – it is better to be putting money into the equity of a home vs renting an apartment. As if/when i would move, i would have return on that investment, and more than likely the home would sell for more than i currently pay. where as renting, you just move out, and get some of your security deposit back.
So, JJA, you have unknowingly told us your exact heritage with this line of comments – 50% jewish + 50% dutch. 😛
vanberge, take the 30… but whenever you can, pay extra in between the other payments… have it go to principle paydown… ; )
I know nothing about mortgages, but congratulations on nearly becoming a homeowner, Vanberge. Most importantly, the new look for P4P is glorious.
I am not trying to adversarial. I am trying to help you out in the long run. 😉
I should note I have no credit cards. Most of my undergraduate degree was paid for with scholarships, and my currently graduate degree is partial payment now, and 3.5% interest loans that won’t accrue interest until I graduate.
However, I am glad to you say our guess on my heritage is incorrect. 😛 Although, take into consideration I won’t let you figure it out by process of elimination either.
Oh, and, HOLY WINDOWS XP BATMAN. This is quite a theme.
jja, i respect you… i’m just giving you crap. 😛
megango: thank you. I do like this look quite a bit actually…
i love you mickeyvb