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Diego Mamani
ParticipantMurf2222, that’s not fair. You bought a used car, and we simply have no idea what kind of abuse the car received in its first 3 years of life.
I bought an brand new ’01 Mustang V6, a few weeks after 9/11. The car has never broke down, and drives as good as when it was new. If anything, the transmission got softer and more responisve with use. I have only 55K miles on it, and I’ll probably keep it for at least another 100K miles.
I bought it for peanuts, about $1.5K or $2K below sticker price, I put $500 down and had 0% APR for 5 years. I’ve been free of car payments for almost 2 years, and I like it that way.
Diego Mamani
ParticipantMurf2222, that’s not fair. You bought a used car, and we simply have no idea what kind of abuse the car received in its first 3 years of life.
I bought an brand new ’01 Mustang V6, a few weeks after 9/11. The car has never broke down, and drives as good as when it was new. If anything, the transmission got softer and more responisve with use. I have only 55K miles on it, and I’ll probably keep it for at least another 100K miles.
I bought it for peanuts, about $1.5K or $2K below sticker price, I put $500 down and had 0% APR for 5 years. I’ve been free of car payments for almost 2 years, and I like it that way.
Diego Mamani
ParticipantMurf2222, that’s not fair. You bought a used car, and we simply have no idea what kind of abuse the car received in its first 3 years of life.
I bought an brand new ’01 Mustang V6, a few weeks after 9/11. The car has never broke down, and drives as good as when it was new. If anything, the transmission got softer and more responisve with use. I have only 55K miles on it, and I’ll probably keep it for at least another 100K miles.
I bought it for peanuts, about $1.5K or $2K below sticker price, I put $500 down and had 0% APR for 5 years. I’ve been free of car payments for almost 2 years, and I like it that way.
Diego Mamani
ParticipantMurf2222, that’s not fair. You bought a used car, and we simply have no idea what kind of abuse the car received in its first 3 years of life.
I bought an brand new ’01 Mustang V6, a few weeks after 9/11. The car has never broke down, and drives as good as when it was new. If anything, the transmission got softer and more responisve with use. I have only 55K miles on it, and I’ll probably keep it for at least another 100K miles.
I bought it for peanuts, about $1.5K or $2K below sticker price, I put $500 down and had 0% APR for 5 years. I’ve been free of car payments for almost 2 years, and I like it that way.
July 1, 2008 at 11:17 AM in reply to: Just relocated to SD & want to move to Del Cerro area… buy or rent? #231796Diego Mamani
ParticipantLmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.
If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).
My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.
With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.
July 1, 2008 at 11:17 AM in reply to: Just relocated to SD & want to move to Del Cerro area… buy or rent? #231920Diego Mamani
ParticipantLmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.
If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).
My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.
With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.
July 1, 2008 at 11:17 AM in reply to: Just relocated to SD & want to move to Del Cerro area… buy or rent? #231928Diego Mamani
ParticipantLmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.
If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).
My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.
With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.
July 1, 2008 at 11:17 AM in reply to: Just relocated to SD & want to move to Del Cerro area… buy or rent? #231969Diego Mamani
ParticipantLmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.
If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).
My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.
With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.
July 1, 2008 at 11:17 AM in reply to: Just relocated to SD & want to move to Del Cerro area… buy or rent? #231980Diego Mamani
ParticipantLmack: nowadays people are tired of throwing money away on mortgage payments! Especially considering that houses are depreciating assets and often houses are worth less than the mortgage debt.
If I were you I’d rent a nice house as close as possible to either your job or your hubby’s job, so that you can get home in minutes if needed. By renting for a couple of years you’ll get to know the neighborhoods, so in 2010 you can decide what’s the best area to buy in. Or you may decide to leave SD after all, the choice is yours and you’ll be free to make it (unlike the poor souls who are “trapped” and can’t sell their houses for what they paid).
My sister and her family (one kid plus another on the way) rented a house, not an apartment, for the last 3 years and were quite happy. Had they bought a house in 2005 they would have lost at least $150K-$200K in equity.
With the new baby coming, and the possibility of grandma staying with them for a few months at a time, they moved to a bigger place. They just signed a two-year lease, and I think that was smart of them.
Diego Mamani
ParticipantOf course, you can always wait for that magical 2005 price level to come back. If inflation really takes off, that may be in 2-3 years, as opposed to 5-10 years from now.
You could rent the place out if you wanted to wait. You can hire a management company to take care of advertising, leasing, and maintenance; for a fee they’ll collect rent and send you and your ex a nice chunk of change every month.
OTOH, your ex could take out a personal loan and give her interest in the house as collateral. Hmmm… unless you trust your ex’s financial judgment, it may be wiser to sell the house and cut all ties!
Diego Mamani
ParticipantOf course, you can always wait for that magical 2005 price level to come back. If inflation really takes off, that may be in 2-3 years, as opposed to 5-10 years from now.
You could rent the place out if you wanted to wait. You can hire a management company to take care of advertising, leasing, and maintenance; for a fee they’ll collect rent and send you and your ex a nice chunk of change every month.
OTOH, your ex could take out a personal loan and give her interest in the house as collateral. Hmmm… unless you trust your ex’s financial judgment, it may be wiser to sell the house and cut all ties!
Diego Mamani
ParticipantOf course, you can always wait for that magical 2005 price level to come back. If inflation really takes off, that may be in 2-3 years, as opposed to 5-10 years from now.
You could rent the place out if you wanted to wait. You can hire a management company to take care of advertising, leasing, and maintenance; for a fee they’ll collect rent and send you and your ex a nice chunk of change every month.
OTOH, your ex could take out a personal loan and give her interest in the house as collateral. Hmmm… unless you trust your ex’s financial judgment, it may be wiser to sell the house and cut all ties!
Diego Mamani
ParticipantOf course, you can always wait for that magical 2005 price level to come back. If inflation really takes off, that may be in 2-3 years, as opposed to 5-10 years from now.
You could rent the place out if you wanted to wait. You can hire a management company to take care of advertising, leasing, and maintenance; for a fee they’ll collect rent and send you and your ex a nice chunk of change every month.
OTOH, your ex could take out a personal loan and give her interest in the house as collateral. Hmmm… unless you trust your ex’s financial judgment, it may be wiser to sell the house and cut all ties!
Diego Mamani
ParticipantOf course, you can always wait for that magical 2005 price level to come back. If inflation really takes off, that may be in 2-3 years, as opposed to 5-10 years from now.
You could rent the place out if you wanted to wait. You can hire a management company to take care of advertising, leasing, and maintenance; for a fee they’ll collect rent and send you and your ex a nice chunk of change every month.
OTOH, your ex could take out a personal loan and give her interest in the house as collateral. Hmmm… unless you trust your ex’s financial judgment, it may be wiser to sell the house and cut all ties!
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