Renting a house.

[ertyu]

What kind of neighborhoods are you guys looking for? Do you want a more upscale neighborhood or is middle class suburbia what you guys are looking for?

[Tyche]

905 E Knight Ct, Henderson, KY, 42420 - MLS ID#154910 - Single Family Home real estate - REALTOR.com®

$264,000

One of the best neighborhoods in this area...pool, hottub, it's got a spare garage for the golf cart (house is on a golf course).

Move to KY

[Epysian]

905 E Knight Ct, Henderson, KY, 42420 - MLS ID#154910 - Single Family Home real estate - REALTOR.com®

$264,000

One of the best neighborhoods in this area...pool, hottub, it's got a spare garage for the golf cart (house is on a golf course).

Move to KY

That's insanity. I live in NY and a house down the street from me sold for 600k. Fucking house doesn't even have a garage.

[Stumblingdrunk]

That's insanity. I live in NY and a house down the street from me sold for 600k. Fucking house doesn't even have a garage.

You happen to be overlooking that having to live in KY is factored into the price

[ZarakiKujata]

its not like he would get a lot of land (or a lot of house) for that much money in northern NJ, anyway

Yeah but theres a difference between a small house on .64 acres, meaning you have a more wellsuited lawn for the size of the house, and a monstrosity that would take up the majority of your property leaving little room for the inevitable pets or kids to have fun outdoors.

[ertyu]

Yeah but theres a difference between a small house on .64 acres, meaning you have a more wellsuited lawn for the size of the house, and a monstrosity that would take up the majority of your property leaving little room for the inevitable pets or kids to have fun outdoors.

But perfect for us people who don't want kids and who like smaller pets!

[Suited Aces]

You'll get $8,000 added to next years tax return if you buy the house before December 1st of this year too.

[ertyu]

You'll get $8,000 added to next years tax return if you buy the house before December 1st of this year too.

If it's your first house or you haven't bought one in... 5 years I think?

[Darus Grey]

ITT: People who still don't understand the economics of renting vs owning, and should not be giving out advice on said matters.

Spoiler: show

Renting is almost always cheaper long-term

[Serif]

There are talks, nothing anything concrete yet, about possibly raising the credit after this one is over with or extending the period you can receive it. Or so says some real estate agents I am friends with.

This tax credit is nice if you are buying an already built house but if you are building or paying some one to build you are really cutting it close to get to the credit.

Decided to build my next house unless I move closer to down town. It is nuts how much you save when building your own house, just have to live in it for 2 years.

[Tyche]

ITT: People who still don't understand the economics of renting vs owning, and should not be giving out advice on said matters.

Spoiler: show

Renting is almost always cheaper long-term

Well, depending on the price of the house, the OP sets himself up nicely to fall into the minority of your spoiler. I think that people who rent get this false sense that home owners have it made. They see ads, or friends, who pay in mortgage about what they pay renting, and also get to sell the house for a return on that cost. What they don't figure, however, is you're now paying all of your utilities, all of your maintenance, PMI (If your downpayment doesn't meet a certain percentage), property taxes, insurance, and also have to deal with "the psychology of home ownership". When you buy a house, you'll start to have more guests...you'll spend more money in food, you'll throw more parties, you'll want nicer items to decorate your house, etc. You don't really have that mindset when you rent. This completely ignores the interest rate. Over a 30yr period, a $100,000 home you bought ended up costing you about $200,000 in actual costs for a 5.5% interest rate. Home ownership is expensive...I wish I hadn't of bought mine =/ If I had a $200,000 down payment, I wouldn't be that concerned though, however, here, Studio condo's don't cost $350,000.

[Cephius]

ITT people from buttfuck Kentucky not knowing how costly it is to live in NNJ.

Most one-family homes here on a decent plot of land will run you a million dollars, if not more. 200k is a standard down payment on a house here.

[Tyche]

ITT people from buttfuck Kentucky not knowing how costly it is to live in NNJ.

Most one-family homes here on a decent plot of land will run you a million dollars, if not more. 200k is a standard down payment on a house here.

You know, there was a reason my first post jokingly said to move to KY.

(Oh, 7,777 posts...lucky me!)

[Darus Grey]

Yeah, he only is in the minority of the statement if he moves away.

Which...might not be a bad idea, with that kind of nestegg already saved up, he could probably take a job in a lower-cost part of the country where he makes 1/2 as much but still has a higher quality of life.

But that's not what he wants to do.

[Serif]

Yeah, he only is in the minority of the statement if he moves away.

Which...might not be a bad idea, with that kind of nestegg already saved up, he could probably take a job in a lower-cost part of the country where he makes 1/2 as much but still has a higher quality of life.

But that's not what he wants to do.

I don't think it would be 1/2 as much as he makes up there. The South isn't that bad. I have noticed a lot more people from the "rich" parts of the country moving to the nicer places in the South. Why they invented airplanes and hotels.

[Ksandra]

ITT people from buttfuck Kentucky not knowing how costly it is to live in NNJ.

Most one-family homes here on a decent plot of land will run you a million dollars, if not more. 200k is a standard down payment on a house here.

I'm surprised NNJ is so expensive. CT isn't cheap either, but my parents' house value is about 400k atm. And it a 2 acre 2 story home that's a very decent size.

looking at craig's list for NNJ it's not as bad as you want to make it seem:

Ranch house

GORGEOUS STARTER HOME WITH STUNNING UPGRADES & FEATURES

3Br/3Ba Beautiful Home for Sale

All three extremely nice houses for a family.

It's about knowing where to look in today's market vs. thinking of how expensive things were 5 years ago.

[Stumblingdrunk]

wayne is in passaic, not bergen county, shitty schools are shitty

[Tyche]

I don't think it would be 1/2 as much as he makes up there. The South isn't that bad. I have noticed a lot more people from the "rich" parts of the country moving to the nicer places in the South. Why they invented airplanes and hotels.

Depends on what you call "the south" and where. Also depends on exactly what the OP does. His expertise may require hm to live where he lives, as there may be no demand at all for that job in the south. For instance, we have no use for the best crab fishermen in the world in KY. I wish I bookmarked the study, so the numbers are in all likelihood incorrect, but it was comparing dollar to dollar value between cities. It had said something like $200,000 in Chicago is worth $110,000 in New York. And Chicago was voted the #1 place to live in the world by askmen.com!. I can't really see how, been there several times and don't really dig it that much.

[Stumblingdrunk]

Depends on what you call "the south" and where. Also depends on exactly what the OP does. His expertise may require hm to live where he lives, as there may be no demand at all for that job in the south. For instance, we have no use for the best crab fishermen in the world in KY. I wish I bookmarked the study, so the numbers are in all likelihood incorrect, but it was comparing dollar to dollar value between cities. It had said something like $200,000 in Chicago is worth $110,000 in New York. And Chicago was voted the #1 place to live in the world by askmen.com!. I can't really see how, been there several times and don't really dig it that much.

The only reason i've ever really wanted to leave NJ was to find somewhere flat to run Q_Q

[Ksandra]

wayne is in passaic, not bergen county, shitty schools are shitty

I don't know new jersey well enough, I admit, to know which aren't "shitty" those were three examples of nice places in the area for a decent price. Can always do your own search, there were a fuckton of houses listed:

classifieds - craigslist