GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Thu Aug 28, 2014 6:14 pm




Post new topic Reply to topic  [ 7 posts ] 
Author Message
 Post subject: We bought a home for ourselves!
PostPosted: Sun May 23, 2010 7:27 pm 

Joined: Wed Feb 10, 2010 9:00 pm
Posts: 77
Tomorrow we're giving a check to a lawyer and getting keys to a home of our dreams. It only took 5 years to save up for a 20% downpayment. And now we'll be paying less than we were paying in rent, have a larger, newer, and classier place, have all the space in the world, and real peace of mind.

No more landlords, no more restrictions, and proud home owners.

And the best part is that our emergency fund is still there untouched!

_________________
http://MoneyRamblings.Com - Diary of a Financial Underdog


Top
Offline Profile E-mail   
 Post subject: Re: We bought a home for ourselves!
PostPosted: Mon May 24, 2010 6:55 am 
Moderator

Joined: Wed Sep 23, 2009 9:01 am
Posts: 5333
That's fantastic. Congratulations!


Top
Offline Profile E-mail   
 Post subject: Re: We bought a home for ourselves!
PostPosted: Fri May 28, 2010 10:02 am 

Joined: Wed Feb 10, 2010 9:00 pm
Posts: 77
We're super stoked. Looked around the empty place yesterday and it felt great. All that money shoved under a mattress, every single sandwich I said no to, every single dollar we tried to save - all came to this. What a great feeling.

_________________
http://MoneyRamblings.Com - Diary of a Financial Underdog


Top
Offline Profile E-mail   
 Post subject: Re: We bought a home for ourselves!
PostPosted: Sun May 30, 2010 11:08 am 

Joined: Tue Nov 27, 2007 9:22 am
Posts: 130
That's awesome. Congratulations! Don't forget to setup a home maintenance account because you will need it. Welcome to homeownership!!

_________________
http://www.singleguymoney.com
Follow me on twitter: @singleguymoney
Goal: To be Non-Mortgage Debt free by May 2011


Top
Offline Profile E-mail   
 Post subject: Re: We bought a home for ourselves!
PostPosted: Wed Jun 02, 2010 7:11 pm 

Joined: Sat May 29, 2010 7:38 am
Posts: 9
Congrats! I'm envious as I've been throwing my money away for too long now. Hope to be where you are in 4-5 years.


Top
Offline Profile E-mail   
 Post subject: Re: We bought a home for ourselves!
PostPosted: Thu Jun 03, 2010 11:26 am 

Joined: Tue Jun 03, 2008 8:30 pm
Posts: 158
awesomeusername wrote:
Congrats! I'm envious as I've been throwing my money away for too long now. Hope to be where you are in 4-5 years.

That's funny, if you bought a house in the past 8 years you would regret it, your money really would be "thrown away". Renting is actually cheaper in some cities. Having the freedom to do whatever you want to your house etc is what you get when you buy a house.


Top
Offline Profile   
 Post subject: Re: We bought a home for ourselves!
PostPosted: Mon Jun 07, 2010 12:34 pm 
Moderator

Joined: Wed Sep 23, 2009 9:01 am
Posts: 5333
boorpoy wrote:
That's funny, if you bought a house in the past 8 years you would regret it...

Not true. we bought a second home in 2008 and don't regret it at all. We got a good price and a great interest rate. The house is worth more than we paid based on comps, we get cash flow from renting it out, and we get a large phantom income from deductions that we can use to shelter passive income from stock dividends and bond interest. Why would anyone have regrets? Even if we weren't renting it out we would still have saved more in rent than the interest we have paid so we'd be ahead.


Top
Offline Profile E-mail   
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 7 posts ]  Moderators: kombat, bpgui, JerichoHill, Fiscal Fitness Moderator


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki