GoFuckYourself.com - Adult Webmaster Forum - Where to move if you have $500,000

- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - Where to move if you have $500,000 (https://gfy.com/showthread.php?t=998601)

Quote:

Originally Posted by dazzling (Post 17718322)

Nop, not correct. They are not making porn illegal.

for now...:Oh crap

Quote:

Originally Posted by TidalWave (Post 17719398)

Buying a house is an investment, he will always have the equity, and more than likely will also gain appreciation.

A house is a necessity --but it is not an investment.

Investments kick off cash, they don't consume it.

:warning

Quote:

Originally Posted by qwe (Post 17720054)

can't believe nobody said Miami... last time i've been there was pretty awesome as long as you're on a beach side

Hot, humid, and lots of crime.

No, thanks.

Quote:

Originally Posted by sbrazzer (Post 17721025)

Here in Cyprus, some local banks offer up to 12.5% yearly interest on bank deposits. Out of your 500K you can get monthly $5200. You can rent a crazy villa with a pool for 2K per month and live like a king with the rest. No need to buy a house and get tied to a place. Check it out, it is an EU country, very popular tourist destination. Life is peaceful, very low crime rate. The island has nice resorts and sandy beaches, lots of sunshine. A lot of people from UK immigrate here.

And don't forget, great offshore haven! Super low taxes...

Shit i just checked for Costa Rica
Sorry but it ain't cheap !

For instance the cars.
Geeeee almost 4 000$ for an old 1992 Toyota Tercel WTF ???

As for the houses:
http://www.puravida.com/realestate/homes-for-sale.html

Quote:

Originally Posted by czarina (Post 17719840)

Cancun, Mexico.
Maximum temperature are 89 or 90 degrees, but you wont feel it, because you'll live in an AC'd house, drive an AC'd car, etc. And if you're at the beach, it's quite breeze.

The whole Yucatan area is amazing. I would love to move there myself. Great food, cheap health care, property taxes for most places are about 100 bucks a year or less, not to mention the weather, beaches and gorgeous girls.

Quote:

Originally Posted by ~Ray (Post 17718340)

San Diego , but hurry before the home prices go up.

Baja California can be fun.

~Ray

Chula all the way

Quote:

Originally Posted by adamz (Post 17724801)

Tell that to the home owners in the US, Greece, Russia, etc. A home has not been a good investment for quite sometime.

buying a house AT THE WRONG TIME is not an investment, its a mistake.

You buy shit when the market is low -- just like with stocks.
Sucks for the idiots who buy stocks when the market is high or when houses are on an upswing.

Quote:

Originally Posted by DaddyHalbucks (Post 17725189)

A house is a necessity --but it is not an investment.

Investments kick off cash, they don't consume it.

:warning

Appreciation = cash
Equity = Cash

Equity in a house allows you to have both the asset of the house itself, as well as borrow against it for currently low interest rates.
When you sell your house, you get all the money back you paid into it. When you rent, you move to a new place, you don't get jack shit.

So lets see... spend $2000/month renting and leave in 2 years with $0.
Or buy a house for $2000/month and in 2 years get $48,000 back (minimum)

Or buy a house cash for $350K.
Sit on it, pay no rent, get appreciation all on its own in the backend.
Take out a HELOC at 3% and use the cash to invest in further opportunities that return more than 3%.
Guess what?
That house is now a 2-pronged investment. You make money on the house it self, and the equity makes you money else where as well.

So that original $350K is now making you money (a large amount of it) in 2 different places at the same time.

Quote:

Originally Posted by TidalWave (Post 17726138)

although the housing market is down, the prices did not change much in the northeast. I did get a good interest rate at 4.375 but did not get a super deal offered in other parts of the country. The job market did not get hit as hard here either, except in finance.