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punchnpie
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« Reply #75 on: August 19, 2011, 11:08:24 PM » |
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Well, punch jr was not underemployed (I venture he made more than some of you in his last job), he just wasn't satisfied with his work. Not everyone knows what they want to do at 21 (and then are tired of it all by 35). He doesn't spend his time playing video games, he spends it reading economics, politics, Russian literature, etc. except in football season, then everything is secondary. Occasionally he writes poetry.
Regarding the hotel - I asked him about that he said girls don't like to do that. I'm not sure how he knows, but anyway, he didn't see the occasional hotel room rental as an option.
By the way, I don't do his laundry or his ironing (I hardly do my own ironing). Punch jr cleans his room, the basement, 2 bathrooms, the rabbit, does his laundry, takes out the trash, and does the heavy lifting. I shop, cook the 'real' meals, and clean the kitchen, living room, my office and 2 bathrooms. I get frustrated with the kitchen duty, but I think it all works out fairly well. I pay a service to do the lawn and snow so that both of us have more time to spend on what is meaningful to us.
And so, ladies and gents, I think we will waive adieu to this thread and leave punch jr to figure out what he's going to do. If it's anything earth shattering, I will let you know.
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What about all them other professors – ain’t they your kin? Good God, no. I loathe them and they loathe me. – Sunset Limited
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notezenquotes
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« Reply #76 on: August 20, 2011, 02:24:24 PM » |
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Serious suggestion: punch esq buys the trailer, his mother moves into it, he keeps the house, because chicks don't like hotel rooms, and he learns to cook "the real meals" and invites mom to dinner every night. Then the wife material will learn get get along with mom, which is necessary anyway for future happiness. Gratitude assured, and mom will have space for her own socializing. Esq can rent out the basement to pay for the trailer pad. When he marries, he sells the trailer, mom moves into his new townhouse, and all is good.
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« Last Edit: August 20, 2011, 02:27:48 PM by notezenquotes »
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punchnpie
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« Reply #77 on: August 20, 2011, 03:33:22 PM » |
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Not bad, notezenquotes, not bad. I'm still chuckling.
I wanted to return to the thread because I don't think I said 'thank you' to those who gave me serious and semi-serious (I have a sense of humor) replies to the financial issue of buying a mobile home. You gave us something to think about.
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What about all them other professors – ain’t they your kin? Good God, no. I loathe them and they loathe me. – Sunset Limited
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arts_and_sciences
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« Reply #78 on: August 21, 2011, 08:48:34 PM » |
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I was looking into buying a 2 br 1 ba 1980-ish model in a supposed clean park for $8000.00 plus a 200/a month lot rental. I'd rather not pay any rent though, rather own something. The trailer park /er mobile home community /er manufactured house is a quick commute to my alma mater/ R1 Uni where I'm currently also a distance learning student. Though I currently live with my parents very far away (9 hr drive) in a different part of the state. The home has all newer appliances and is close to superwalmart. Though its an easy commute to downtown, so it may have some country folk too, though the guy assures me the park is friendly.
As an alternative since I'm distance learning, I found a really old house on craigslist for 10 grand. I was thinking of buying this fixer upper house in another state instead of blowing my student loan money on stupid rent. It needs a lot of work, its water damaged but it has a nice toasty 2 car garage.
Either way I'd be giving myself and my parents relief.
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crowie
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« Reply #79 on: September 25, 2011, 11:03:33 AM » |
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prytania3
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« Reply #80 on: September 25, 2011, 11:11:13 AM » |
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I'm very in touch with many immigrant communities. This idea of moving out of the house to show independence is very American and also popular in the UK. I can't speak for Canada. But this is how many immigrants seem to get ahead so fast. They don't waste money on things they don't need--like their own apartment. That said, you can still make a bundle on trailers. |
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Clowns, I tell you. Clowns.
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punchnpie
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« Reply #81 on: September 26, 2011, 12:51:01 PM » |
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But this is how many immigrants seem to get ahead so fast. They don't waste money on things they don't need--like their own apartment. I hesitate to open this thread again, but you're right. I think it would be one thing if punch jr didn't have his own life, but he does, and he pays below market rates for rent. Sounds like a deal to me; why mess with it? |
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What about all them other professors – ain’t they your kin? Good God, no. I loathe them and they loathe me. – Sunset Limited
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ideagirl
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« Reply #82 on: October 31, 2011, 07:23:41 PM » |
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First, mobile homes are dangerous during storms.
Second, she wants 12,500 for the mobile home alone? What year is it? What model? How many bedrooms? Amenities? Furniture?
x2. If you're in an area with storms, that is NOT GOOD. And you haven't mentioned what the monthly cost of renting the space in the mobile home park is--you can't just park there for free. |
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melba_frilkins
Doing laundry.
Member-Moderator
Distinguished Senior Member
Posts: 8,136
Doing laundry (still)
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« Reply #83 on: November 02, 2011, 02:00:08 AM » |
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First, mobile homes are dangerous during storms.
Second, she wants 12,500 for the mobile home alone? What year is it? What model? How many bedrooms? Amenities? Furniture?
x2. If you're in an area with storms, that is NOT GOOD. And you haven't mentioned what the monthly cost of renting the space in the mobile home park is--you can't just park there for free. Yeah, it was around $275 or something. But also check for hidden fees, like is there an annual fee as well? And, as previously mentioned, utilities can be outrageous for a mobile home. And beyond heat/electricity there are phone, sewer/septic/water, garbage, cable, etc. to deal with. Oh, and repairs and maintenance (once a mobile starts to fall apart, they go fast). And insurance, and probably taxes. I can understand the allure of Own Your Own Home Now, Have Your Own Space Now. It's a real teaser when you look at the cost of the mobile and say "hey, I have that much money in my savings account! I could buy that house TODAY". But that doesn't mean it's financially sound in the long run. My story: About ten years ago we were renting while saving up a down payment to buy a house. A mobile home came up for sale, $4000. There was something so sweet about the thought that we could own our home outright and not be paying rent. We could buy the mobile home, not pay rent, and save even more for a real house. We had an appointment to go view the mobile home, and were actually on the way driving there when I clicked the numbers through my head one more time and said, wait a minute, this doesn't make sense, we sink in the $4000, have monthly fees almost as much as our current rental, and carry the cost of repairs and maintenance. All for the pleasure of living in a mobile home park instead of a house with a private yard. We canceled the viewing of the house and went out for Thai food instead. Six months later the intact nest egg went as a down payment to our current home. (And I can't say I regret skipping the mobile home experience). Anyway, I think with a mobile home, you have to assume that it will appreciate down to zero, even below zero eventually (they hit a point where you have to PAY someone to dispose of it). The only way I think it would make sense to buy a mobile is if you divide out the cost of the home (minus a reasonable estimate of the home's depreciated value, if any, by the time you sell it) by the number of months you expect to live in it, add to that other monthly fees (lot rental, utilties, maintenance, repair, insurance etc.). If that monthly amount is less than what it'd cost to rent an apartment (with utilities) then it's financially sound. Otherwise, no. |
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punchnpie
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« Reply #84 on: November 02, 2011, 10:57:59 AM » |
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I can't believe this thread has been revived.
Yes, Melba, I think you're right about the total costs, especially compared to the below market rate that I charge (mostly to cover food and broadband). I think the ground rent was around $198. Even if he paid for the trailer in cash, he'd still have repairs, and then all the usual things like heat, cable, air, etc., that add up to more than he pays me.
There are plenty of townhouses and condos in the area. If he stays for the PhD, then he can get one of those and have a 'real' house that should appreciate (though the appreciation around here isn't spectacular).
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What about all them other professors – ain’t they your kin? Good God, no. I loathe them and they loathe me. – Sunset Limited
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concordancia
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« Reply #85 on: November 02, 2011, 12:56:07 PM » |
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I can't believe this thread has been revived.
Yes, Melba, I think you're right about the total costs, especially compared to the below market rate that I charge (mostly to cover food and broadband). I think the ground rent was around $198. Even if he paid for the trailer in cash, he'd still have repairs, and then all the usual things like heat, cable, air, etc., that add up to more than he pays me.
There are plenty of townhouses and condos in the area. If he stays for the PhD, then he can get one of those and have a 'real' house that should appreciate (though the appreciation around here isn't spectacular).
According to the tax bill, my condo is depreciating at almost exactly the same rate I am paying it off. |
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I like money. I like to buy stuff and experiences with money.
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prytania3
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« Reply #86 on: November 02, 2011, 03:07:19 PM » |
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I can't believe this thread has been revived.
Yes, Melba, I think you're right about the total costs, especially compared to the below market rate that I charge (mostly to cover food and broadband). I think the ground rent was around $198. Even if he paid for the trailer in cash, he'd still have repairs, and then all the usual things like heat, cable, air, etc., that add up to more than he pays me.
There are plenty of townhouses and condos in the area. If he stays for the PhD, then he can get one of those and have a 'real' house that should appreciate (though the appreciation around here isn't spectacular).
According to the tax bill, my condo is depreciating at almost exactly the same rate I am paying it off. Tax depreciation is not depreciation in the way people think of it. It doesn't mean it's losing value; it means you have less to depreciate taxwise. You get 30 years, so every year, the depreciation increases (because it's a contra asset account) because you have depreciated the house for tax purposes. |
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Clowns, I tell you. Clowns.
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concordancia
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« Reply #87 on: November 02, 2011, 03:17:05 PM » |
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I can't believe this thread has been revived.
Yes, Melba, I think you're right about the total costs, especially compared to the below market rate that I charge (mostly to cover food and broadband). I think the ground rent was around $198. Even if he paid for the trailer in cash, he'd still have repairs, and then all the usual things like heat, cable, air, etc., that add up to more than he pays me.
There are plenty of townhouses and condos in the area. If he stays for the PhD, then he can get one of those and have a 'real' house that should appreciate (though the appreciation around here isn't spectacular).
According to the tax bill, my condo is depreciating at almost exactly the same rate I am paying it off. Tax depreciation is not depreciation in the way people think of it. It doesn't mean it's losing value; it means you have less to depreciate taxwise. You get 30 years, so every year, the depreciation increases (because it's a contra asset account) because you have depreciated the house for tax purposes. No, I was referring to the appraisal part of the tax property tax bill. It is losing value, largely because the developer sold the last two units at fire sale prices. I hoping that even with an unchanging market this means that the prices will float back up now that the market isn't flooded with our 40 units to sell. |
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I like money. I like to buy stuff and experiences with money.
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clean
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« Reply #88 on: November 02, 2011, 07:14:12 PM » |
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I hoping that even with an unchanging market this means that the prices will float back up now that the market isn't flooded with our 40 units to sell Dont be so quick! If the prices stay low, you save on taxes. You dont want the prices to go up until you are ready to sell! |
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"The Emperor is not as forgiving as I am" Darth Vader
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