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single family housing is nothing but a money pit


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Old 09-12-2017, 01:23 PM   #21
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I believe I will KEEP my single family money pit thank you !............
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Old 09-12-2017, 02:07 PM   #22
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I owned a house for a few months. during this very short interval I learned two things: a house owns you as much as you own the house, and you must own a pickup truck if you own a house
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Old 09-12-2017, 03:36 PM   #23
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Quote:
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I owned a house for a few months. during this very short interval I learned two things: a house owns you as much as you own the house, and you must own a pickup truck if you own a house
and renting or leasing, you're paying for something you will never own.

for most people buying a house is an investment for the long term, but it's also about setting down roots and stability.

yeah, what you say is true to some extent, but i'd rather buy and own a home than rent. warts and all, and all the things that go with it, at the end of the day, it's mine.

and see, at some point, many people do like i did, they have some land they either inherit, or buy where they want to live, and build their home. the home they want.
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Old 09-12-2017, 09:49 PM   #24
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im painting my money pit this summer.
had a quote of 40,000.00.
or...
240.00 worth of white. 120 worth of gray. 30.00 worth of green for the shutters, misc stuff, say 500.00 and I did it myself.
just think, I can get 40,000.00 for a 500.00 investment.
cool beans, pass the scraper!
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Old 09-12-2017, 10:49 PM   #25
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I sold my rental money pit. Living in my retirement money pit. It's my money and I want it now!
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Old 09-12-2017, 11:03 PM   #26
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I sold my rental money pit. Living in my retirement money pit. It's my money and I want it now!
you should call J. G. Wentworth. they can help you out!
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Old 09-13-2017, 08:26 PM   #27
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you should call J. G. Wentworth. they can help you out!

WWW.cashnow.......
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Old 09-13-2017, 11:16 PM   #28
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with the right tool, you can do anything.
my dad got me this when I was very very young. I took it with me on jobs in my little tool box when I'd help him and I could never figure out why his help would laugh.................
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Old 09-14-2017, 01:57 AM   #29
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I have known folks that became landlords and had horrible experiences, and others with great experiences. The best I have seen was a co-worker who was retired Navy (and a Pearl Harbor survivor)

He was stationed at Great Lakes. Bought a house. Transferred to Norfolk. Bought a house. Transferred to San Diego. Bought a house. Transferred to Pearl. Bought a house. With each house, when transferring, he went down to the billeting office. Said "Got a house for rent to any married sailor. Rent is whatever his housing allowance is. Any repairs will be handled by this local company that will bill me."

When he retired he owned about 5 houses that were paid for.
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