|
|
#32
10-03-2006, 03:27 PM
|
|||
|
|||
Re: ZOMG I JUST BOUGHT A HOUSE
[ QUOTE ]
[ QUOTE ] oh yeah and congrats. I'm looking at buying a house in the next 2 - 3 years. Want to save up a nice big downpayment. [/ QUOTE ] don't bother. 80/20 and use that saved money to buy furniture and home improvement stuff [/ QUOTE ] Or better, pay off other, high interest debts. 
|
|
#34
10-03-2006, 03:27 PM
|
|||
|
|||
|
Re: ZOMG I JUST BOUGHT A HOUSE
[ QUOTE ]
Or better, pay off other, high interest debts. [/ QUOTE ] I dont have any.
|
|
#35
10-03-2006, 03:28 PM
|
|||
|
|||
|
Re: ZOMG I JUST BOUGHT A HOUSE
[ QUOTE ]
Ha ha. Home depot is for people with some ability to use tools. I have none. I'm just gonna move when the house starts falling apart. [/ QUOTE ] thats what i thought. until my wife decided every single room in the house was to be repainted. and molding replaced. and we needed to finish the other half of the basement. and the list goes on...
|
|
#37
10-03-2006, 03:31 PM
|
|||
|
|||
|
Re: ZOMG I JUST BOUGHT A HOUSE
[ QUOTE ]
I have tons. Trade? [/ QUOTE ] I'm also living expense free for 3 months, and getting nearly double my salary to do it. oh, and no. I should have enough saved up for a 25 - 30% downpayment in a few years, if all goes to plan. faster if this online gambling thing-a-ma-jig keeps panning out and isn't castrated by the us government.
|
|
#38
10-03-2006, 03:31 PM
|
|||
|
|||
|
Re: ZOMG I JUST BOUGHT A HOUSE
[ QUOTE ]
Ha ha. Home depot is for people with some ability to use tools. I have none. I'm just gonna move when the house starts falling apart. [/ QUOTE ] Not for tools.. just for stuff. When I first moved into a house (new construction), I was at HD about 15 times in the first week. Fortunately it was only 2 miles away.
|
|
#39
10-03-2006, 03:33 PM
|
|||
|
|||
|
Re: ZOMG I JUST BOUGHT A HOUSE
BB
Seriously - put down just enough on your house to avoid the mortgage insurance (that's 25% here in Canada). Put the rest aside to redecorate/renovate/whatever. Any left over after that you can put in an investment, at a higher interest rate than you're paying on your mortgage.
|
|
#40
10-03-2006, 03:34 PM
|
|||
|
|||
|
Re: ZOMG I JUST BOUGHT A HOUSE
[ QUOTE ]
[ QUOTE ] oh yeah and congrats. I'm looking at buying a house in the next 2 - 3 years. Want to save up a nice big downpayment. [/ QUOTE ] don't bother. 80/20 and use that saved money to buy furniture and home improvement stuff [/ QUOTE ] nooooooooo I don't want to get deep into a financial discussion here, but do NOT leverage yourself with a 100% mortgage at the start of a bear market. That would be BAD. If you can't afford a down payment, you don't really need a home anyway.. rent an equivalent house. (US-only.. I know nothing about the Candadian housing market)
|
 |
|
|
Linear Mode
