this thread is a barrel of laughs..
Quote:
Originally Posted by dizzariot
Dude your bio says N. Hollywood...GET THE FUCK OUTTA THERE. I don't know if you're planning on staying in Los Angeles county, but shit is a lot cheaper in the Inland Empire. I've been working up along the 210 Freeway in both counties. Try looking at the older cities in the IE. You'd be surprised at the prices for a nice place in a stable area. You may have to commute, but hey that's life.
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LOL Nothing personal man but, I do not consider (nor do I think Kevin the OP) the Inland Empire as a step up from NoHo or the San Fernando Valley.
Nor do I look at Saudi Arabia as a prime destination spot and of course Yokota will probably get butt hurt about this statement as well.
Here is the deal Kevin, Moms has already hinted around moving, that is a signal to go. Now If you are talking about $600 spare cash after all expenses every month then ya go ahead and move. Its not a lot but it could push you to earn more.
Next off is moving out is indeed a part of growth. I moved out when I was 20. I actually feel moving several hundred miles from the reach of family is a good thing as well. It forces you to be a lot more independent. It disconnects the whole backup feel thing.
When I moved out at 20 my mom was basically, move out you are 20, I want my house back. LOL
I wound up starting my own Japanese Engine and Transmission business among other things. I made shit happen because I had too.
I grew a lot from that. I also grew a lot more when I moved long distance. It actually while severing the imaginary cord also brought me closer in the family relationships. Strange huh?
Anyways you have a decent head on your shoulders and you are hard working I trust you will do fine if you move out. As far as the people suggesting don't rent buy a house? LOL I laugh again . Unless you want to live up in Palmdale or out in the god forsaken Inland Empire, buying a house in California on your income is a stretch.
Nothing wrong with renting folks. My Father is worth more than most of you will ever make and he rents and has for over 30 years. Why, convenience is one and he makes more off investments than the whole topsy turvy housing market could even have made him equity wise.
Rule number one for buying a home is this... If your mortgage and property taxes are cheaper or equal to what you pay in rent go for it. If not stick to renting and look to ways to make more cash with your spare cash i.e. investments and whatnot.
Right now equity is practically non existent. If you do buy you follow the rule above and take a 30 year mortgage and plan on living there a long time. None of this own 5 years and flip on raised equity bullshit that went on before the bubble burst.