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What exactly did you do to deserve that $125,000? I paid up the wazoo and I got ungatz.
They risked capital. There is no guarantee in real estate. You can lose even though far too many people act like you can't. You don't have money to risk and you also don't have credit to borrow the funds to risk. Your problem is self generated and it could be self curing except for the excuses that trip you up.
They risked capital. There is no guarantee in real estate. You can lose even though far too many people act like you can't. You don't have money to risk and you also don't have credit to borrow the funds to risk. Your problem is self generated and it could be self curing except for the excuses that trip you up.
Okay, I want to go all in - risk everything I've got. What's my upside?
They risked capital. There is no guarantee in real estate. You can lose even though far too many people act like you can't. You don't have money to risk and you also don't have credit to borrow the funds to risk. Your problem is self generated and it could be self curing except for the excuses that trip you up.
In today's market, renting does look like much risk in reasonably healthy areas.
I have $172. I want to go for it. no guts, no glory, I've heard.
Rent a truck, empty your storage shed and take all that crap to the dump. The rent you will save will end up being a greater return. You could then take that money to a casino and risk it there
Fewer and fewer people are wanting a long suburban commute, especially the millennial generation. They would rather pay the high rents in the urban core to be closer to work and amenities. It's not really the "American Dream" to have a suburban lifestyle anymore.
That's not what I see at all. We have several millennial kids in the family. Only one is renting in the city. The rest chose to be in the suburbs where the better schools are. Four have purchased homes, the other four are renting in high COL areas where it is more economical to rent large homes right now than buy.
That's not what I see at all. We have several millennial kids in the family. Only one is renting in the city. The rest chose to be in the suburbs where the better schools are. Four have purchased homes, the other four are renting in high COL areas where it is more economical to rent large homes right now than buy.
I think it really depends. In my experience it is true the early career millennials 22-28/29 are choosing to rent in cities to be close to bars, restaurants, etc. But my friends that have started families have typically chosen to move to less condensed more suburban areas. I think it looks like a trend because our generation is waiting longer to get married and have kids (if they choose to at all), so it looks like millennials are choosing the city life because the majority of us are still 30 or younger. I do think our generation doesn't have the infatuation with owning that our parents generation did. We are fine with renting, I think because of the increased mobility it offers (many of my friends have lived and worked in at least 2 different cities before they were 30) and I think because we saw the huge housing bubble burst and know the myth of never-ending housing appreciation that many of our parents were fed is far from the truth. I know at least a few people that did the whole "starter home" thing that got burned real bad.
What, you want someone to hold your hand? Do like they do, do the research, the math and use common sense.
I was being sarcastic. My best "bet" with $172 might be to put it all on red/black but truth is I'm too chicken to do that.
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