New Large Purchase

[BlackGT2000]

Well I had planned on getting something faster than the Mustang I once owned for a while, and it looks like I can keep planning that for a while. I have entered the world of perpetual indebtedness and purchased a house. I figured since I am going to be in VA Beach for a while I may as well buy rather than pay somebody else's mortgage. I may still have my chance to get something sportier, but for now things are looking pretty bleak for the immediate future.

[pimp349]

Congrats on a house....do you feel like an old man?

[clawhammer]

Congrats on the purchase. Just curious, how old are you?

I'm probably going to purchase a house in about 2-3 years.

[jeepgclwj]

Congradulations!!!

I purchased my first house about a year and a half ago and it was the best move ever. I paid out rent for over 12 years. Lots of wasted money but thats life.

I hope you got a fixed rate because I see countless people having to sell or foreclose because there payment went up and up for the first couple years till it was unaffordable...Predatorial Lending is what its called. People get very excited to get a house they dont see the bigger picture. They are led to believe they will be making more in a couple years....

[BlackGT2000]

Well to answer the first question I do kind of feel like an old man. I am only 23 so I figured I could start early. I did get a fixed rate, I have heard all the same horror stories. Hey my aspirations of getting another hobby car are not gone.

[stick99]

Congrats on the house.

I personally hope to get a house soon after I graduate so I can have a nice garage too keep my tools tidy and have room for more tools (if i can afford them after the house)

[BeZerK2112]

NICE! Nothing better then owing your own place.

Byuying a house is great. I just have too much debt to be able to buy one so I have to pay the rent monkey for a few more years, then HELLO CUSTOM BUILT HOME!

[-The Stig-]

Originally Posted by BeZerK2112

NICE! Nothing better then owing your own place.

Byuying a house is great. I just have too much debt to be able to buy one so I have to pay the rent monkey for a few more years, then HELLO CUSTOM BUILT HOME!

Is that related to the Trunk Monkey?

[BeZerK2112]

Nope! If it was the trunk money the monkey would give me money instead of taking it! oh and maby even a doughnut!

http://www.youtube.com/watch?v=JutCjbmcq7s

[BlackGT2000]

Yeah that damn monkey has already taken about 40000 from me.

[-The Stig-]

Originally Posted by BlackGT2000

Yeah that damn monkey has already taken about 40000 from me.

Is that all you spent on your house???


Where do you live again?

[vectorspecialist]

that monkey hasnt done a damn thing for me, i already lost my lisnece(i get it back july 9th!!!!!). i've paid around 1000 in tickets, the non-point carriers are worse, u get em, u pay em, but you get another one in two or three months, when you're young.
i have found however that driving a more mature car(one kids are seen drving all the time, like my neon) the less you are to speed or get pulled over

[BlackGT2000]

Originally Posted by -The Stig-

Is that all you spent on your house???


Where do you live again?

I was referring to the rent monkey, over the last 3 or so years thats a guess at what I have paid. The house was 175000 and I am in VA Beach.

[-The Stig-]

175k ain't bad at all, that's super cheap in California terms.

You can't touch a house for less than 300k here. And if there is one with a cheap price it's probably about to fall down.... or it has Pink Eye.

[BlackGT2000]

Yeah 175 is about as cheap as you are going to get around here anymore without it being a complete pos.