How is buying a house, a great investment? - Page 5 - GoFuckYourself.com

Quotealex · 03-11-2007, 08:09 PM

Quote:

Originally Posted by seven

not really true if you buy smartly.. my bud lives in your very city and doing it since last year.

Give me the civic address of the property he bought so that I can verify if he made a good investment?

seven · 03-11-2007, 08:36 PM

Quote:

Originally Posted by Alex from Montreal

Give me the civic address of the property he bought so that I can verify if he made a good investment?

No thank you that'd be too much info to give out hehe. He knows he made a good investment, I know he made a good investment since I can hear the "I love my life" sound in his voice everytime I talk to him over the phone which's been only since he bought his triplex so don't really need you to verify. Actually I don't even know where he bought the property I'll have to ask, all I know he used to live in the ndg area (believe atleast a half hour drive from Delta Centre-Ville where I usually stay when I'm visiting there) last time I visited him about a year ago, however, not sure if he bought the property in the same area or somewhere else.

ADL Colin · 03-12-2007, 03:14 AM

Quote:

Originally Posted by Peaches

I have at least a dozen credit cards. IMO, they are the best way to spend "cash". I use the ones with rebates or rewards and pay them in full every month. None has an annual fee. I don't even know what the interest rates are on them since I've never paid interest. When one comes out with a 0% rate I use it exclusively until it tops out then pay it off right before the 0% expires.

Purchasing with credit cards gives you more benefits - you have more pull with getting satisfaction with a company when you have a chargeback you can put into process. In addition, many cards double the warranty on products you purchase with them and carry additional insurance when you rent a car.

Yes, there are people who can't handle credit cards, but personally I've found them VERY advantageous in comparison to cash over the years

I'm also a BIG fan of 0% purchases. Just make sure to pay it off WITH A RECEIPT a month before it's due and put your cash into a savings account until then

I think you are a huge exception there, Peaches.

I haven't even made a cc purchase in years. I should probably start racking up rewards points too. That is a good idea and something others that I know do.

JimmiDean · 03-12-2007, 03:23 AM

If you can knock down the principle quick it can work out well.
we bought our home ten years ago for 240K houses on my street now sell for about 400 k
We paid the house of in the first eight years so it is know free and clear less taxes.
Sure beats paying rent, not to mention we are looking at building a new home in the 600k range. So its nice to have the 400k to start off with.

Avery · 03-12-2007, 05:57 AM

sorry,no money!

Amadora · 03-12-2007, 06:19 AM

Quote:

Originally Posted by SomeCreep

There is no money in real estate.

depends. In Russia it's a good investment now. But not a long time investment, because prices are getting higher very very quickly.

seven · 03-12-2007, 06:22 AM

Quote:

sorry,no money!

see sig

Quote:

Originally Posted by Peaches

I have at least a dozen credit cards. IMO, they are the best way to spend "cash". I use the ones with rebates or rewards and pay them in full every month. None has an annual fee. I don't even know what the interest rates are on them since I've never paid interest. When one comes out with a 0% rate I use it exclusively until it tops out then pay it off right before the 0% expires.

Purchasing with credit cards gives you more benefits - you have more pull with getting satisfaction with a company when you have a chargeback you can put into process. In addition, many cards double the warranty on products you purchase with them and carry additional insurance when you rent a car.

Yes, there are people who can't handle credit cards, but personally I've found them VERY advantageous in comparison to cash over the years

I'm also a BIG fan of 0% purchases. Just make sure to pay it off WITH A RECEIPT a month before it's due and put your cash into a savings account until then

Is what I do except I pay annual fees for the cards so I can make more points per dollar I spend and since I do atleast 20k trans with my cards per month the points quickly add up. 0% purchases often have a 1 time deferral fee of $45-60 which I don't like.. if it's totally free or the merchant makes it free for me then am for it too

polish_aristocrat · 03-12-2007, 06:24 AM

Quote:

Originally Posted by Amadora

depends. In Russia it's a good investment now. But not a long time investment, because prices are getting higher very very quickly.

isnt it too late?

seems all Eastern Europe has increased 100-200% in last 5 years

http://www.gfy.com/fucking-around-and-business-discussion/566549-wtf-wth-european-real-estate.html

seven · 03-12-2007, 06:25 AM

Quote:

Originally Posted by Amadora

depends. In Russia it's a good investment now. But not a long time investment, because prices are getting higher very very quickly.

But I wouldn't wanna invest in properties in Russia.. no need for me to get radiated by Putin for bitching him out.. am happy being able to bitch out Bush as much as I can without risking radiation

Amadora · 03-12-2007, 06:56 AM

Quote:

Originally Posted by polish_aristocrat

isnt it too late?

seems all Eastern Europe has increased 100-200% in last 5 years

http://www.gfy.com/fucking-around-and-business-discussion/566549-wtf-wth-european-real-estate.html

I was thinking it was too late a year ago, but was wrong. Now i am not sure the process of growing prices for real estate stopped.

Peaches · 03-12-2007, 09:23 AM

Quote:

Originally Posted by ADL Colin

I think you are a huge exception there, Peaches.

I've been told many times I'm "different"

I only have one debit card and it doubles as an ATM card. I never keep more then $500 in the account. Yes, I know the banks will cover fraud, but when my mortgage check bounces before I know someone's cleaned out my account...well, it doesn't give me the warm fuzzies.

For months my BP card has given me 10% off BP gas, 5% of travel and 2% off everything else. I've been using it like crazy except for the "everything else" because Chase gives me 3% back on those charges. Target Visa gives me a 10% shopping day every $XK I spend (can't remember the exact amount. I can easily turn that into a VERY decent % rebate - especially around Christmas. It counts for everything - even food and on sale items. AAA gives me 5% back on all gas for those times I can't find a BP card and the new Spiritair is giving a mile a dollar and 2 miles a dollar for their plane tickets.

It's like a game to me, lol.

Plus I look at it this way - I have such enormous credit limits on so many cards, if I find out I have a terminal disease my friends and I are going to REALLY enjoy the months I have left

Quotealex · 03-12-2007, 06:26 PM

Quote:

Originally Posted by seven

No thank you that'd be too much info to give out hehe..

Ok then, Give me the street name and the closest cross street of the building, and I'll go from there

polish_aristocrat · 05-18-2007, 08:31 AM

sorry, this is the thread i wanted to bump, not the DH's one

03-12-2007, 03:23 AM	#204
JimmiDean Confirmed User Join Date: Nov 2004 Location: Margarittaville Posts: 3,433	If you can knock down the principle quick it can work out well. we bought our home ten years ago for 240K houses on my street now sell for about 400 k We paid the house of in the first eight years so it is know free and clear less taxes. Sure beats paying rent, not to mention we are looking at building a new home in the 600k range. So its nice to have the 400k to start off with. __________________ My God there's Porn on here! Still on the Beach !!!

03-12-2007, 05:57 AM	#205
Avery Confirmed User Join Date: Feb 2007 Posts: 450	sorry,no money! __________________ go fuck yourself

05-18-2007, 08:31 AM	#213
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	sorry, this is the thread i wanted to bump, not the DH's one __________________ I don't use ICQ anymore.