Completed Relic/Mythic weapons list

[Valisk]

renting is for tards tho, if you pay 800$ a month in rent you can pay a mortgage. if you can't get one on your own get your parents to cosign

if you are a student or your parents are dead i exclude you from that tard statement, otherwise it applies

I disagree. There are so many things to evaluate when it comes to purchasing a home. From property taxes to maintenaince and repairs. You have to consider things outside of your total control like property value decline and neighbors. Also, the convenience of moving for whatever reason is 1000 times easier to do in an apartment than it is a house.

[Taint]

the gil part is trollin, wanted to make a really bad analogy

renting is for tards tho, if you pay 800$ a month in rent you can pay a mortgage. if you can't get one on your own get your parents to cosign

if you are a student or your parents are dead i exclude you from that tard statement, otherwise it applies

Its really not that simple in the current economic climate. In an appreciating market sure paying on a house makes sense but that hasn't been the norm over the past 5 or so years. There is also more then just the mortgage, there are taxes, home owners dues, insurance and upkeep to consider. Sure my mortgage is only a couple grand but between escrow and taxes I pay almost $500 more on top of that.

[solanis]

the gil part is trollin, wanted to make a really bad analogy

renting is for tards tho, if you pay 800$ a month in rent you can pay a mortgage. if you can't get one on your own get your parents to cosign

if you are a student or your parents are dead i exclude you from that tard statement, otherwise it applies

aside from what other people have said, you also claimed that people who rent are poor. you're still a retard.

[Odin'sLaw]

i'm currently looking at getting my own place but i do dislike the idea of renting because for the size of the property i want it would cost me an extra 250-300 pounds a month then a mortgage would cost me now this house would be mine in 15-25 years depending on how fast i want to pay it off so if you look at it even thow you might have to re-pay an extra 50k to a mortgage your still saving atleast 50k still

Anyway more relics please

[Takedown3]

Its really not that simple in the current economic climate. In an appreciating market sure paying on a house makes sense but that hasn't been the norm over the past 5 or so years. There is also more then just the mortgage, there are taxes, home owners dues, insurance and upkeep to consider. Sure my mortgage is only a couple grand but between escrow and taxes I pay almost $500 more on top of that.

all of the shit on top of the actual principal paid could be considered a waste i completely agree, right now only 60% of my monthly payment is principal and when i see that other 40% go down the drain i cringe, it's even worse when you look at an annual statement.

taking into consideration the declining values of homes in the US now might not be the time to buy, but that certainly does not make anyone a champion of economics. Renting you still lose everything you pay in minus that tiny little deposit you -might- get back at the end of your lease.

no matter how much is wasted from interest and other costs i am still putting equity into my home at the end of the day which is a lot more then any renter can say.

i will broaden my range even more, if you can afford to rent, and you have a stable job, paying more then minimum wage, you should buy a house. You can easily find a bank or lender with a sub prime rate and get a 25 year mortgage if you are under those circumstances. especially now in a time where 700,000 homes are selling for 300k in prime area's of FL for instance.

during a housing collapse you may see the value of your home drop but it's like any investment, you don't sell when your losing money on a stock. Most people buy homes to raise families in. The housing market isn't going to remain where it is forever. You will see your home's value go back up to where it was and overtime even grow to what you expected it to upon purchase.

I'm definitely not an expert on losing market value since i own my property in the Ontario outside of major city centers. In fact my property value has risen steadily over the course of the last 5 years of 3% per year not including an appraisal which has added an extra 50k worth of value due to upgrades we have added.

renting is loss pure and simple, owning sometimes can be a gamble i suppose in a market that crashes and never recovers.

[Demosthenes11]

because everyone that is looking to rent a home surely plans to stay there for 30 years like the people that are buying. People don't live somewhere temporarily and then move. Never.

[Takedown3]

regardless of the timeline you are still dumping money into a hole and then burying it, never to be seen again

[Onorgul]

Long term study of the economics of home-ownership indicate that it is a 0% gain on investment. People lately have lost a lot of money and they made a lot of money shortly before the bubble burst, but they're just standard deviations. Over the course of, let's say, 20 years, you will statistically not make a penny by owning a home. Renting is generally cheaper, too, but that depends a great deal on where and the size of a property. The only way to have any hope of making a home purchase into a growth investment in the long run is to utilize the land itself in some kind of money-making venture, like growing vegetables or raising animals.

It amazes me how people cling to bad ideas in the face of circumstances that a small child could interpret. After the bubble and bust, it should be pretty obvious, but the bust that followed the bubble should've been pretty obvious, too, and people skip merrily past that. The only way home "ownership" makes money is if you can manage to flip the property quickly. That's not really relevant to the argument, though, as people talk about buying a home with intention of living there for years, not weeks or months. The right to own a home was a myth manufactured in the 90s, so I guess it makes sense why it is stuck in so many people's heads, but it's neither true nor correct.

Buy a house if you actually intend to stay where you are for several years and you have an itch to pay property taxes and cover maintenance. It's a great idea if you need the space for kids or you're capable of doing renovation on your own. If you don't know whether or not you'll be in Milwaukee in 2012, rent, because you'll be saving money that can actually be put towards investments that pay dividends.

[Iremire]

ive lived in the same place since my 2nd year of school but during my senior year i ended up purchasing the duplex and renovated it this past year. i think renting while you're a student is legit cause chances are you wont be living there more then a year.

[Takedown3]

Long term study of the economics of home-ownership indicate that it is a 0% gain on investment. People lately have lost a lot of money and they made a lot of money shortly before the bubble burst, but they're just standard deviations. Over the course of, let's say, 20 years, you will statistically not make a penny by owning a home. Renting is generally cheaper, too, but that depends a great deal on where and the size of a property. The only way to have any hope of making a home purchase into a growth investment in the long run is to utilize the land itself in some kind of money-making venture, like growing vegetables or raising animals.

It amazes me how people cling to bad ideas in the face of circumstances that a small child could interpret. After the bubble and bust, it should be pretty obvious, but the bust that followed the bubble should've been pretty obvious, too, and people skip merrily past that. The only way home "ownership" makes money is if you can manage to flip the property quickly. That's not really relevant to the argument, though, as people talk about buying a home with intention of living there for years, not weeks or months. The right to own a home was a myth manufactured in the 90s, so I guess it makes sense why it is stuck in so many people's heads, but it's neither true nor correct.

Buy a house if you actually intend to stay where you are for several years and you have an itch to pay property taxes and cover maintenance. It's a great idea if you need the space for kids or you're capable of doing renovation on your own. If you don't know whether or not you'll be in Milwaukee in 2012, rent, because you'll be saving money that can actually be put towards investments that pay dividends.

firstly, links to these studies would be nice, rather then taking your word.

secondly, after my 25 year term, i will have paid roughly double the list price of my home due to taxes and interest assuming i don't pay the maximum of 10% a year towards the principal not to mention the option to pay the entire mortgage out with no tax penalty whenever i want. you are saying that on the 25th year if i decide to sell at the market value for that year which calculated at 3% growth per year will give me a selling price which is actually MORE then what my mortgage ended up costing me, by about 20k give or take a G.

That doesn't even factor in the upgrades that i have put into my house and plan to put into my house, including a 2 car garage, 1000 sqft deck(front, 600 sqft deck (back), cobble stone driveway, new siding, architectually designed metal shingle roof, 97% efficient furnace, fireproof/soundproof interior walls upstairs and down, new gas fireplace, renovated highend kitchen. All of which puts the value of my home at 100% over and above what i paid for it originally.

i call BS on your studies until you can provide me links.

[Caiti]

http://i43.tinypic.com/2rgcs5g.jpg

Myran-Fenrir

Congrats!

[Tsuko_Asura]

Seriously? I mean, really? Generally I'm all for productive derails, but you're talking about reality. Take this shit somewhere else.

[Valacirca]

This is the greatest derail to ever hit BG. Seriously, who could have predicted a page full of this?

Also, grats on Mandau!

[Aksannyi]

ITT: Finish a relic or buy a house.

THE CHOICE IS YOURS!!!!11!one!

[Shinryuu]

PlayOnline > Comments & Suggestions > "The ability to rent a relic"

[Wulfgang]

renting is for tards tho, if you pay 800$ a month in rent you can pay a mortgage. if you can't get one on your own get your parents to cosign

Byrn's example was a good one; you don't seem to understand what equity even is. If you bought a house in 2005-2006 depending on the market, you have a very good chance of being underwater on your mortgage (negative equity).

Paying rent for no equity > mortgage payments (which would be higher) for negative equity

http://finance.yahoo.com/focus-retir...vingretirement

Even though audience is retirement age folks, most of the basic principles still apply.

[Therin]

This is the fucking relic thread, can we please stop talking about renting and mortgages? -_-

[Aurara]

This is the fucking relic thread, can we please stop talking about renting and mortgages? -_-

no way, this is important..i need to know this for later when i turn 18 and rent a place ._.b

[MankeyManksyo]

Grats Myran, Darkness in Camp is fun times !

[SaviorSelf]

You guys are getting way too mad over this. Think of the fucking convenience.

In a single thread, I can make comments about relics...and discuss real estate?

IN A SINGLE THREAD?

Fuck yeah BG, convenience is everything.