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View Poll Results: Where do you live?
Own Your House 71 52.99%
Rent 21 15.67%
With The Parents 42 31.34%
Voters: 134. You may not vote on this poll

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  #21  
Old 08-11-2009, 02:49 PM
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ADVANTEC LAWNS ADVANTEC LAWNS is offline
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Join Date: Mar 2009
Location: new iberia
Posts: 124
live with the parents they r like 54- 56 uggh they can be so disagreable
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  #22  
Old 08-11-2009, 02:55 PM
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rusty_keg_3 rusty_keg_3 is offline
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Join Date: Oct 2008
Location: Toledo, Ohio
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Ha, yea i know my dad is super old (63)...
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  • 2009 Chevy Silverado 3500HD, Flatbed, 8' 2" Boss V-Plow... Rebuilt After Tornado
  • 2003 Chevy Silverado 3500, Dump, 8' 2" Boss V-Plow, Dually

09 3500HD Rebuild Picture Thread (Totaled in Tornado)
http://www.lawnsite.com/showthread.p...77#post3862277

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  #23  
Old 03-13-2010, 02:04 PM
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rusty_keg_3 rusty_keg_3 is offline
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Location: Toledo, Ohio
Posts: 1,464
bump
..............
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  • 2009 Chevy Silverado 3500HD, Flatbed, 8' 2" Boss V-Plow... Rebuilt After Tornado
  • 2003 Chevy Silverado 3500, Dump, 8' 2" Boss V-Plow, Dually

09 3500HD Rebuild Picture Thread (Totaled in Tornado)
http://www.lawnsite.com/showthread.p...77#post3862277

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  #24  
Old 03-14-2010, 09:44 AM
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White Gardens White Gardens is offline
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Join Date: May 2008
Location: Bloomington IL
Posts: 6,765
I'd say live at home as long as possible before you move out.

If you can get all the initial equipment you need without having a house payment then that will pay off big in 5 years or so.

I think in the green industry it can be tough starting out considering all the specialized equipment we need and can suck the pocket book dry starting out. If you guys can power through as long as you can at home then you would be in a great position to invest in a property after most of your equipment has been bought.

That has been the biggest obstacle for me. Paying for a house, a wife, and a kid and starting a biz at the same time. I should have more equipment now, but I'm taking my time so I don't break the bank, and I'm happy I do what I love and can support my family.
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  #25  
Old 03-14-2010, 10:17 AM
JeffNY JeffNY is offline
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Join Date: Mar 2008
Location: Upstate, NY
Posts: 257
Quote:
Originally Posted by NatesLawnCareLLC View Post
I've never really understood the concept of renting any place why would you just throw your money away in rent. Local apartment where I live run $550 for a studio to $700 for a 2 bedroom. I've been looking for a place of my own because I know that I would be able to get a home for a little more then $700/month. Plus if you play your cards right you can get a nice place for not much more then an apartment. However when you buy a home you are making a very big commitment and so if your thinking about staying in the area buy a home and make sure that you can use some of the space at your home for yours business so that you can take some of that off on your taxes .


But for now living at home gives me flexibility because I am a full time student and I'm only home for about 4 months.
I rent because no bank is going to give me a loan for a 130k house, not for a while, so I rent my $575/mo apartment till im stable enough to get approved to buy a house. and no, I don't want a 50k house, i'd rather live in my apt.
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  #26  
Old 03-14-2010, 10:19 AM
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whosedog whosedog is offline
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Join Date: Jun 2009
Location: northern nj
Posts: 730
I'm 56, house paid off,no outstanding loans ;0 out the balance every month on credit cards.Have 3 sons living at home,my advise to them is to save until you can afford a good down payment on condo,townhouse or one or 2 family house.If you rent you might as well flush that money down the toilet because you will never see it again; if you own it will eventually come back to you.Our Government encourages homeownership,through tax credits etc because it's good for the economy,why not take advantage of your Uncle Sam's generosity?Especially now you have a 8,500 tax credit for first time homebuyers and banks are lending again,hey even if it's a trailer that you own at least it's your's to sell.
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  #27  
Old 03-14-2010, 11:42 AM
360ci 360ci is offline
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Join Date: Nov 2009
Location: Kitchener, ON
Posts: 985
I'm 27, own a house but don't live there. I rent it out to 6 uni students for $2700/mo. I own it, there's no mortgage. I live in an apartment that I don't pay rent because I'm the super. I have ample parking for everything here at the apartment so I don't have to drive to and from my house as I use the garage there for personal storage as the students that rent it don't have cars. Once I can find a decent place that I like, without having to go custom I'll move out of the apartment, but that's a few years away. I lived at home until I was 21 to finish college. My parents live up the street from me now, so it's easy to get child care at any time when I need it.
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  #28  
Old 03-14-2010, 01:13 PM
stevenf stevenf is offline
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Join Date: Apr 2007
Location: Louisiana
Posts: 1,612
Im 21 still living at home. If all gos well I will be looking for a house at the end of this year. I chose not to rent a place. Very hard to save money when your paying toward something you will never own. I plan to have a nice down payment though!
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  #29  
Old 03-14-2010, 01:45 PM
joe james joe james is offline
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Join Date: Feb 2010
Location: ames ia
Posts: 327
Own my own.
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  #30  
Old 03-14-2010, 02:22 PM
360ci 360ci is offline
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Join Date: Nov 2009
Location: Kitchener, ON
Posts: 985
Quote:
Originally Posted by stevenf View Post
Im 21 still living at home. If all gos well I will be looking for a house at the end of this year. I chose not to rent a place. Very hard to save money when your paying toward something you will never own. I plan to have a nice down payment though!
Glad to hear. I never thought I'd rent, but after buying a decently sized house outright, my broker phoned me a few months before I was slated to move in and said if I spend 6K on some renovations, I can rent it out for decent money. So, I did. My wife didn't like the idea at the time, but now that she can shop til she drops she's all for it. My apartment complex is only 10 units, so it's fairly quiet but I couldn't see myself forking over the $800/month they want for the place I'm in (I'm a full site superintendent and have no rent). I even get basic cable at no charge.

Ontario recently passed a law to help decrease the debt that people can get into even in a few years. So, one of the measures taken was to make a standard $20K down payment on ANY property, even for first time home buyers. This makes it harder for those that could afford a new place with low down payment, but now it'll take that much longer to secure the proper funds, only by that time I'm sure it'll be changed to $30K down. At least it makes people get serious about getting a house, but if you can't pay off a house in 15 years or less you're better off renting for what a house will cost over the long term as you won't see much value when you plan to sell it. One of my neighbours is getting a house custom built, with a FOURTY year mortgage and he's 53 years old! In ways I suppose anything's possible after all.
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