[quote=joec]I usually just ignore all your messages now bg, but I don’t think you “got” what I was getting at with my response…
I would say I am probably as sexist as the next guy on the street, maybe more, maybe even less…but the point is the OP is 26. 26 is very YOUNG. I had more money at that age, and if he hammers at his job and just works, will have no problem buying much any house since saying as a guy is easy.
MY POINT IS, his g/f today may or probably more likely won’t be his g/f tomorrow or when he settles down and wants a family.
THE REAL POINT I was getting at is don’t buy real estate with a g/f (comment about putting a rock on it) or any other person who isn’t a wife. This is for most people. It could be a brother, sibling, etc…don’t buy real estate with other people, period…
This is all, of course, IMO, but a g/f is not a wife and I honestly don’t think a 26 year old knows that much in terms of the world/life/etc.
Singles can buy all the houses they want. I don’t have a thing against them.
I have lived in the city (SF) and I think it’s ghetto having to go to a laundry mat and no parking if you own a car which I have done both of. To me, it’s totally ghetto.
Maybe in a fancy “beach” town the coin laundry is worth it (which I don’t really care for…being an old grumpy fart now), it’s not “worth it” to me…but to me, it’s still ghetto to have to drop off clothes on the weekends and come back with the other pooh folks and collect it.
At 26, it’s probably less annoying like living with 3 or 5 guys in a house is “cool” at 19, but certainly, I wouldn’t want to do that now. I also think being 26, there is less of a need to be tied down to any particular area (in terms of housing) in case new job opportunities open up, but the OP seems set to be around here. To each their own of course.
Honestly, with your decent income, high savings, maxed retirement, etc etc etc…(been there at your age)…you can save buttloads of money that if you waited a few years, you can probably put loads down and live in most nicer places while waiting for a pullback. Of course, your taxes are probably crap for now…[/quote]
No problem, Joe. I just think your post painted “wives” as demanding shrews and painted “gf’s” as completely different animals who were so laid back that they would live in a tent. In fact, they are one and the same (both female human adults). The truth is that wives were once gf’s and many gf’s were once wives. And believe it or not, some wives manage to be both wives and gf’s simultaneously (let’s not go there).
And all gf’s don’t need a “rock” in order to get married.
I didn’t read anywhere from the OP or his subsequent posts that he was considering purchasing RE with anybody else but himself. The OP IS, IN FACT “single,” acc to his post. Of course, if he wanted to move his gf into his new home with him, he could continue to collect $400+ month “rent” from her to help with utilities, etc, if he wished.
If the OP “settled down” later, as you say, what’s wrong with asking his fiance/new spouse to move in his house? If she won’t for stupid reasons (someone else previously lived here with you or your dad died here), then that’s shallow. It’s especially shallow if she couldn’t even afford to rent a studio apt by herself! Beggars can’t be choosers. She should be happy she is marrying someone that had the foresight to buy a house when he was young. ESPecially in a place like SD.
Not EVERYONE needs or wants to buy a property with a spouse on title for a variety of reasons. Often, new spouses don’t have good enough credit to qualify for a mortgage (or any credit at all) and will just increase the buyer’s loan costs and percentage rate if they attempt to go on the mortgage together.
I believe that just because an adult is of the female gender, this does not excuse them from their responsibility to support themselves (and their kids, if they have any), regardless of marital status. In a family with kids, BOTH parents have the obligation to support themselves and their kids in the eyes of the law.
In CA, RE which is purchased BEFORE marriage by ONE INDIVIDUAL belongs solely to the party who purchased it, unless their spouse can prove that they contributed monies for the downpayment or monies to improve it. In that case, the other spouse’s ownership percentage is apportioned accordingly if the couple should split up. An exception is if the homeowner quitclaims his/her property to themselves AND their eventual spouse as “joint tenants” after marriage. In that case, the spouse’s portion of ownership is apportioned beginning from the date of the quitclaim in the case of divorce. Homeowners who are considering doing this should seek legal counsel before doing so due to its far-reaching ramifications (ex: even if the couple never splits up, liens from the added-on spouse’s unpaid judgments and taxes, etc would attach to the ENTIRE title and thus the original owner’s half).
I was in my early twenties when I bought my first house in SD, joec. 26 isn’t too young to buy a house for a person who has been very responsible all of their working life so far and has been able to save a downpayment. The reason I didn’t suggest any “fixers” for this OP is because he only wanted to spend $450K and, even though there are “fixers” out there in SD County in that price range, they either have (costly) structural problems or the sold comps in the area they are located in will not bear a new buyer spending $70K (for labor and mat’ls) over and above his/her $425-$450K purchase price unless they could do ALL the work themselves (use $35-$50K for mat’ls) AND planned to hold the property for a dozen years or more. Here, the OP would have to be pretty handy with a toolbelt and power tools to take this kind of project on.
I didn’t check and I don’t know if there are actually any fixers with “good bones” in the cities listed in the OP.
If Kris’ rent just 2 blocks from the beach is actually only $1250, he’s “golden.” There is no way in h@ll that he can buy a “lifestyle” similar to the one he has right now for $450K (or even $550K). Lack of laundry be damned. My advice is to stay in the rental as long as his LL will keep this sweet deal going.
