Oreo931 Posted July 18, 2013 Report Share Posted July 18, 2013 All of this finance talk is retarded. The answer to all of these issues is to sell everything and buy an Acura TL. You will fix your credit and look like a pimp at the same time. 5 Quote Link to comment Share on other sites More sharing options...
Burn-E Posted July 18, 2013 Report Share Posted July 18, 2013 If you rent you never build equity. Period. If you have 20% to put down on a house in the right area and can get a low rate, it is the best investment you can ever make. The earlier you do it in life, the better. True. That is the common understanding of the American dream. Buy a house, pay down the mortgage and reap the benefits of the investment because house prices always increase. Except when they don't. http://www.chicagonow.com/getting-real/2012/09/the-math-of-renting-vs-buying-a-home-in-chicago/ http://www.freakonomics.com/2011/05/18/why-id-rather-shoot-myself-in-the-head-than-ever-own-a-home-again/ The assumptions are you buy that home and live there for 7-10 years at a minimum. That your job is stable. That you don't buy more house than you can afford. That you don't need the flexibility to pick up and move 2 years later as many careers may require, especially early in a career. That you actually want to deal with all of the maintenance issues that come with home ownership. Your point about the right area is critical Erik. The bubble burst as we all know back in 2007. The housing markets had become hyperinflated by investors who were buying new and then flipping 6-12 months later and by all kinds of new buyers who had no business being in the market. My sister rode the wave selling her starter home in a wealthy area of the NW Chicago suburbs where tear downs were popular in 2001, buying in Las Vegas and selling that home in 2006, and then settling down in a fantastic home in Utah and watching the prices start crashing everywhere shortly thereafter. The question to ask is, when the foreclosure mess finally clears out - which it hasn't fully in many housing markets - will prices ever reach the levels they once were? That depends on the strength of the economy and the management of the banking industry which has dramatically changed since the common wisdom of home ownership as an investment became the standard understanding. Some areas have been so overbuilt that the supply will outstrip demand for years to come especially as many of the jobs that supported them have disappeared. Many of those homes were being bought by people who were working in the home building industry and as we know that industry cratered. For some people, renting is a much wiser financial choice if they take the money they save and put it into solid investments elsewhere or they leverage the flexibility they gain to move as the jobs they pursue evolve. Quote Link to comment Share on other sites More sharing options...
matt b Posted July 18, 2013 Report Share Posted July 18, 2013 This is the OT thread, not the "Owning > Renting" thread. 5 Quote Link to comment Share on other sites More sharing options...
Burn-E Posted July 18, 2013 Report Share Posted July 18, 2013 That comic is AWESOME Matt. I'd post it on the wall in my office if I didn't think it would get me in serious trouble with HR. Where the hell else are we supposed to discuss topics unrelated to working on a car? I wonder if they asked the kid if that's what they really meant? From imgur: My friend Jordan told his wife he didn't know how to cut a watermelon. She said, "Do it like Dexter." 1 Quote Link to comment Share on other sites More sharing options...
bdimag Posted July 18, 2013 Report Share Posted July 18, 2013 people in traffic: 9 Quote Link to comment Share on other sites More sharing options...
mattsk8 Posted July 18, 2013 Report Share Posted July 18, 2013 people in traffic: What I want to do when I'm stuck in traffic http://www.youtube.com/watch?v=TjprIP5IKaM Quote Link to comment Share on other sites More sharing options...
Burn-E Posted July 18, 2013 Report Share Posted July 18, 2013 KIA, sucking the soul out of George Carlin's riffs one ad at a time: George's version: 1 Quote Link to comment Share on other sites More sharing options...
Burn-E Posted July 18, 2013 Report Share Posted July 18, 2013 Honda, introducing the world's fastest lawnmower: Some engineering team got a plum job for a few weeks! If Volvo built a lawnmower this is the version that JoshV70 would drive. And here's the stig taking it out for a spin: Quote Link to comment Share on other sites More sharing options...
caanglin Posted July 19, 2013 Report Share Posted July 19, 2013 http://www.youtube.com/watch?v=5EAncWhKxm4 1 Quote Link to comment Share on other sites More sharing options...
gilber33 Posted July 19, 2013 Report Share Posted July 19, 2013 Working on the loading dock today at school. Needless to say it's kinda warm out. But nonetheless, watched someone stop in mid-stride, slowly keel over, and then completely fall over landing on one of our large wooden flat-bed carts with their face momentarily passing out. Decent amount of blood from nose and mouth. It was pretty scary thing to see. Ambulance came and took him to the hospital. Quote Link to comment Share on other sites More sharing options...
vmzoller Posted July 20, 2013 Report Share Posted July 20, 2013 Damn! No wifi for a couple weeks and boom! Quote Link to comment Share on other sites More sharing options...
Brady Posted July 20, 2013 Report Share Posted July 20, 2013 Quote Link to comment Share on other sites More sharing options...
Brady Posted July 21, 2013 Report Share Posted July 21, 2013 Volvo-relevant https://www.facebook.com/photo.php?v=521293531263962&set=vb.170901143077174&type=3&theater Quote Link to comment Share on other sites More sharing options...
Timbo Slice Posted July 21, 2013 Report Share Posted July 21, 2013 Does anyone have any sources for shipping vehicles and moving an apartment? I'm thinking I may just fly home and have all my possessions shipped there rather than driving down if the price is right. Quote Link to comment Share on other sites More sharing options...
Kevin. Posted July 21, 2013 Report Share Posted July 21, 2013 shipping a car will be at least $500, fyi Quote Link to comment Share on other sites More sharing options...
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