Blakej Posted June 8, 2004 Share Posted June 8, 2004 Just payed my rent late by a day after a year of living here and they hit me with a 50dollar charge. What a buch of dicks. Its not like rent up here isn't grossly overpriced as it is. Quote Link to comment Share on other sites More sharing options...
foraker Posted June 8, 2004 Share Posted June 8, 2004 to compound the insult, they usually don't cash the check for a week either.... Quote Link to comment Share on other sites More sharing options...
jjd Posted June 8, 2004 Share Posted June 8, 2004 Why didn't you just pay it on time? Quote Link to comment Share on other sites More sharing options...
Rev_D._Wayne_Love Posted June 8, 2004 Share Posted June 8, 2004 Scam: promising to do something, and not doing it. You promised to pay your rent by a certain date. You did not follow through on your promise. Who's a scam? Paying rent is a scam- you're helping cover your landlord's mortgage payment. They get richer because you are paying down their principal while simultaniously, the building is appreciating. Quote Link to comment Share on other sites More sharing options...
lancegranite Posted June 8, 2004 Share Posted June 8, 2004 May I suggest the joy of home ownership... Never has the phrase "now or never" been so appropriate. Half of my friends have made 50-150K in equity in the last year alone. The other half got priced right out of the market... Quote Link to comment Share on other sites More sharing options...
addie Posted June 8, 2004 Share Posted June 8, 2004 Id love a home but then there's that little thing called money which I dont have Quote Link to comment Share on other sites More sharing options...
cj001f Posted June 8, 2004 Share Posted June 8, 2004 May I suggest the joy of home ownership... Never has the phrase "now or never" been so appropriate. Half of my friends have made 50-150K in equity in the last year alone. The other half got priced right out of the market... Bubble, Bubble, Toil and Trouble...... Quote Link to comment Share on other sites More sharing options...
Blakej Posted June 8, 2004 Author Share Posted June 8, 2004 I've been searching for a home for the last 6 months. Everything is way too overpriced for the product in Bremerton. I mean really who is willing to live in a crack house in bremerton for 140K. jjd I didn't pay rent on time because I lost track of time. Sure I was in the wrong but 50 bucks!!! Quote Link to comment Share on other sites More sharing options...
olyclimber Posted June 8, 2004 Share Posted June 8, 2004 I've been searching for a home for the last 6 months. Everything is way too overpriced for the product in Bremerton. I mean really who is willing to live in a crack house in bremerton for 140K. jjd I didn't pay rent on time because I lost track of time. Sure I was in the wrong but 50 bucks!!! In seattle your bottom of the barrel tear downs start at 200k. Bremerton is filled with deals in comparison. Think of the crack houses as "established business on residence". Quote Link to comment Share on other sites More sharing options...
lummox Posted June 8, 2004 Share Posted June 8, 2004 Why didn't you just pay it on time? why dont you shove a brick up your ass. sideways. Quote Link to comment Share on other sites More sharing options...
iain Posted June 8, 2004 Share Posted June 8, 2004 I am young (sortof!) and have not settled down for good yet so the relative ripoff of renting is something I am willing to absorb. It is hard to throw away money each month though. Quote Link to comment Share on other sites More sharing options...
jjd Posted June 8, 2004 Share Posted June 8, 2004 why dont you shove a brick up your ass. sideways. Â why don't you lick my hairy ass crack. Quote Link to comment Share on other sites More sharing options...
Blakej Posted June 8, 2004 Author Share Posted June 8, 2004 I acutally considered buying a 30K piece of land and putting a shack on it but it seems there are laws on what you can use as a domicile. I mean whos to say that a cat hole isn't a perfectly sufficient bathroom. Quote Link to comment Share on other sites More sharing options...
olyclimber Posted June 8, 2004 Share Posted June 8, 2004 get a yurt and a honeybucket and you'll be good to go. Quote Link to comment Share on other sites More sharing options...
scott_harpell Posted June 8, 2004 Share Posted June 8, 2004 Would that be legal? To build a shack and rent a honeybucket? I mean for a residence? Quote Link to comment Share on other sites More sharing options...
olyclimber Posted June 8, 2004 Share Posted June 8, 2004 Of course it depends on the codes of the area you buy your property. But I know people who have got away with this configuration in Jefferson County. I don't know about Kitsap. Quote Link to comment Share on other sites More sharing options...
willstrickland Posted June 8, 2004 Share Posted June 8, 2004 So negotiate with them. Remind them that you have fufilled all your obligations on time for the past year, and you simply forgot the date, or were out of town, or whatever. Â Especially if it was truly one day late, they should give you a pass for the first time if you have a year of on-time payments. If they don't want to flex, tell them that they can waive it, or you will find somewhere else to live. I GUARANTEE that it will cost them more than $50 in lost rent, time to show it, time to process a new tenant, cleaning costs, etc. Â Or you could just leave a flaming bag of poo on your landlord's doorstep. Or pay it in pennies. Quote Link to comment Share on other sites More sharing options...
chucK Posted June 8, 2004 Share Posted June 8, 2004 I got a feeling we'll be hearing from you again when you try to get your security deposit back! Â Oh, and what Will said. Try to be reasonable, maybe they'll abide. You've been a good cash cow for a whole year. I'm sure they'd like to keep you happy. This does assume that you haven't been calling them every other month to fix shit. Â This works well with credit cards by the way. If you're late on your payment and you get charged, most CC companies give you one free take-back, if you ask. Usually the first person you get on the phone is authorized to do this, so it must be pretty easy. Quote Link to comment Share on other sites More sharing options...
b-rock Posted June 8, 2004 Share Posted June 8, 2004 I am young (sortof!) and have not settled down for good yet so the relative ripoff of renting is something I am willing to absorb. It is hard to throw away money each month though. I used to think this, but if you've got the downpayment, there is no reason not to buy. Its not that hard to sell a house and move, you're not really commiting to anything other than massive debt. Quote Link to comment Share on other sites More sharing options...
willstrickland Posted June 8, 2004 Share Posted June 8, 2004 Bad advice b-rock. There are plenty of reasons not to buy. The general rule of thumb is you should plan on being there at least 3 years, preferably 5. You will be paying homeowners insurance, property taxes, home maintenance and upkeep, and devoting time (how much is your free time worth to you?). You will suddenly need things like a lawn mower. You will pay closing costs, inspection fees, and many things beyond the price of the home. Once you have a home, you will need to furnish it. If your female is involved in this furnishing/decorating, your costs just went WAY up. Â Combine that with the fact that the housing market is WAY overheated right now, in the western cities in particular. You are not likely to find a good value. Many financial types have been warning of a housing bubble and the voices are growing louder. Â The only thing, IMO, that is positive on that front right now is that rates are very, very low and will be rising. Â If you plan to rent out your extra space, you can make it work alot easier. Studies show that renters have less fights, more sex, and more free time than homeowners. Think about that one. Â In general, owning your own home is very advisable. But look at the mortgage amortization tables and see how much you would actually be accruing in equity if you have to move in a certain number of years, compared to costs like closing, prop tax, homeowners ins, etc. Don't count on appreciation because a bubble will decimate those dreams. Quote Link to comment Share on other sites More sharing options...
ScottP Posted June 8, 2004 Share Posted June 8, 2004 I bought my first house in 1985 for $85,000. It sits in the Maple Leaf neighborhood just north of the U District. I couldn't really afford it, but I really didn't like the idea of paying for somebody elses wealth. I sold it 15 years later for $185,000. With the principal of $65,000 remaining when I sold it, I cleared about $120,000. A return of about $8,000 a year on the investment seems a better deal than the $7200 a year I figure I would have spent on rent in that same time. Â Figure your return on a house investment is half of what mine was and it still seems a good deal. Quote Link to comment Share on other sites More sharing options...
b-rock Posted June 8, 2004 Share Posted June 8, 2004 Will you make some good points. Yes, you need to stick around for a few years, but I guess I don't consider that too tied down. Interest is tax deductible, easily saving insurance and closing costs in not too long a period of time. You're building equity with every mortgage check you send. You don't have to go buy new furniture or do lots of work on the house or even mow the damn lawn. Yes its hard to find a bargain, especially in the last couple of years, but they are there and the rates are low. Historically housing prices rise. Sure there are other reasons not to buy like a house being a time suck (if you let it) or less sex (hmmm, I think I have more now, more options w/o roomies ). I guess my point is that I used to feel buying would make me feel tied down like I'd have to live my life out in one spot, but that's really not the case. Quote Link to comment Share on other sites More sharing options...
badvoodoo Posted June 8, 2004 Share Posted June 8, 2004 Don't forget the possability of retaining the house as a rental property if you do decide to move. Dealing with rental agencies can be hit or miss, but it's a viable option to retain the equity while not tying yourself to the location for 5+ years. Quote Link to comment Share on other sites More sharing options...
Dru Posted June 8, 2004 Share Posted June 8, 2004 yeah and your tenants might become domestic agricultural capitalists! Quote Link to comment Share on other sites More sharing options...
Bronco Posted June 8, 2004 Share Posted June 8, 2004 I bought my first house in 1985 for $85,000. It sits in the Maple Leaf neighborhood just north of the U District. I couldn't really afford it, but I really didn't like the idea of paying for somebody elses wealth. I sold it 15 years later for $185,000. With the principal of $65,000 remaining when I sold it, I cleared about $120,000. A return of about $8,000 a year on the investment seems a better deal than the $7200 a year I figure I would have spent on rent in that same time. Â How much do you think you paid in interest in that time? Let's say interest rates averaged 8% (just a guess) from '85 - '00 and your loan balance averaged $75k you probably paid around $6,000 per year in interest. You still came out ahead, just not as much as you were implying. Â Still need to deduct maintenance and stuff. Quote Link to comment Share on other sites More sharing options...
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