House vs. Apartment/condo

**Sammich** · 10-09-2006, 10:55 AM

what would u buy if this was ur first purchase?? the other thread got me to thinking about this especially since my lease is up in about 4 months..so what would u do...house or apartment

**The Golden Child** · 10-09-2006, 11:17 AM

well my lease is up in january but im deciding if i should stay or move back home ..

if i stay im gunna end up getting a house and renting it out with my friends ..

only if i can get a car before my lease is up if not then to another apartment ..

**ShooterMcGavin** · 10-09-2006, 11:18 AM

townhome or condo if u can afford the payments...renting is a waste of money.

**The Golden Child** · 10-09-2006, 11:20 AM

Originally Posted by shagwAg3n

townhome or condo if u can afford the payments...renting is a waste of money.

i know its such a waste but having no credit to afford a house sucks even more ..

**Sammich** · 10-09-2006, 11:22 AM

Originally Posted by SteveO

i know its such a waste but having no credit to afford a house sucks even more ..

x2 thats why im getting my credit card paid off, hopefully by january, itll be down significantly and my credit score can jump up at least 100 pnts if not more. hopefully i can get it down to $300.

but my main question was buy a house? or condo?

**Sammich** · 10-09-2006, 11:22 AM

Originally Posted by shagwAg3n

townhome or condo if u can afford the payments...renting is a waste of money.

buying a home in most cases is cheaper if u shop really good..its all in what you find in your area

**ShooterMcGavin** · 10-09-2006, 11:24 AM

Originally Posted by phatboislim

but my main question was buy a house? or condo?

depends on the area and what YOU want. is this gonna be some place u live longterm and maybe even start a family in or just some place to live for a while and then move on? personally i picked a place that was large/comfortable enough to live but i have every intention of moving out within a few yrs.

**The Golden Child** · 10-09-2006, 11:28 AM

Originally Posted by phatboislim

x2 thats why im getting my credit card paid off, hopefully by january, itll be down significantly and my credit score can jump up at least 100 pnts if not more. hopefully i can get it down to $300.

but my main question was buy a house? or condo?

i dont have any credit cards i need to apply or something ..

but i would rather own a house with my own back yard ..

**Sammich** · 10-09-2006, 11:31 AM

yea get a credit card, spend a lil on it, pay it off AND CUT THE CREDIT CARD UP IMMEDIATELY itll mess u up, cuz ull get swipe happy.

i want a house w/ a backyard too, but my thing is, hopefully in about another year or two, i want to be gone, the only reason im still in this same area, is b/c got this job starting as an intern. not only showing my appreciation, but also gaining more experience before i jump to another job. this is definitely not permanent

**RUFFIAN** · 10-09-2006, 11:41 AM

ownership is the best thing you could ever do. ether a condo or house is the smartest option.

**The Golden Child** · 10-09-2006, 11:44 AM

Originally Posted by phatboislim

yea get a credit card, spend a lil on it, pay it off AND CUT THE CREDIT CARD UP IMMEDIATELY itll mess u up, cuz ull get swipe happy.

i want a house w/ a backyard too, but my thing is, hopefully in about another year or two, i want to be gone, the only reason im still in this same area, is b/c got this job starting as an intern. not only showing my appreciation, but also gaining more experience before i jump to another job. this is definitely not permanent

im very cautious with credit cards im not gunna get swipe happy unless i have the money to back it up with ..

**Sammich** · 10-09-2006, 11:46 AM

Originally Posted by SteveO

im very cautious with credit cards im not gunna get swipe happy unless i have the money to back it up with ..

i said the same thing, then i started using it for, it seemed like, everything including gas(u wouldnt have to worry about that tho LOL)

but for real, get a low balance credit card

**Sammich** · 10-09-2006, 11:47 AM

after i pay this credit card off, im just using my debit/check card for everything, at least now i have credit

**Sammich** · 10-09-2006, 11:48 AM

Originally Posted by ruffian

ownership is the best thing you could ever do. ether a condo or house is the smartest option.

yea, but what would u choose for your first purchase, condo or house

**The Golden Child** · 10-09-2006, 11:48 AM

Originally Posted by phatboislim

after i pay this credit card off, im just using my debit/check card for everything, at least now i have credit

thats what i have now just a debit card ..

where can i apply for a credit card ??

**Sammich** · 10-09-2006, 11:50 AM

i got my first and ONLY credit card from paypal. they gave me a $1k limit, and i was stupid w/ it. but try any place. try belk, peebles, gas station cards...any place that has a credit card w/ a small limit do it. do you have ANY credit at all?? like cell phone??

**The Golden Child** · 10-09-2006, 12:38 PM

i have a cell phone but with metro pcs theres no credit check with this service ..

**Sammich** · 10-09-2006, 12:40 PM

oo..welp dnt try to get a celly w/ no credit, u prolly already know. but try small type places where u can use the credit card in one place

**ShooterMcGavin** · 10-09-2006, 12:43 PM

u can apply for a credit card just about anywhere. honestly u should get one that give u some sort of a reward though. i also never put any money on my cc that i don't have the money w/to pay off right away. only reason i use a cc is to build credit and also because of the rewards i get.

**Sammich** · 10-09-2006, 12:44 PM

Originally Posted by shagwAg3n

u can apply for a credit card just about anywhere. honestly u should get one that give u some sort of a reward though. i also never put any money on my cc that i don't have the money w/to pay off right away. only reason i use a cc is to build credit and also because of the rewards i get.

what credit cards offer rewards??

**R_Rated** · 10-09-2006, 12:47 PM

There is no difference in payments from Mortgage - rent..... renting a house will give you a higher payment then buying the same house, condo etc.

If you buy a 100K house your mortgage will be the same ballpark as apartment rent but:

you will make 3-5K a year in equity
you will get most of your payment back come tax time.
you will save money on future finance purchases due to interest rate and + credit.
It is easy to rent it to somone else for more than the current mortgage if you move.
You actually own something

**The Golden Child** · 10-09-2006, 12:54 PM

Originally Posted by phatboislim

oo..welp dnt try to get a celly w/ no credit, u prolly already know. but try small type places where u can use the credit card in one place

ive ran a credit check with verizon and i used to work for verizon ..

im good getting service with any carrier ..

**Sammich** · 10-09-2006, 12:56 PM

no deposit??

i know when i didnt have any credit, they told me like 500-700 depending on who i went to for a phone. but i 4got also, having insurance, light bill, also renting( i think) gives/helps w/ your credit

**The Golden Child** · 10-09-2006, 01:19 PM

Originally Posted by phatboislim

no deposit??

i know when i didnt have any credit, they told me like 500-700 depending on who i went to for a phone. but i 4got also, having insurance, light bill, also renting( i think) gives/helps w/ your credit

yea that helps just not alot but it was good enough for me .. lolz

**Sammich** · 10-09-2006, 03:06 PM

lol..yea get a credik card and ull be str8

**AB3dj** · 10-09-2006, 03:11 PM

a house will gain much more value with less money invested. also, the HOA really sucks when living in a condo.

**Sammich** · 10-09-2006, 03:14 PM

HOA?? whats that exactly, ive heard about it, never knew what it was. isnt it like an organization w/in a condo development??

**AB3dj** · 10-09-2006, 03:22 PM

it stands for homeowners association and is not only used in condos but in new subdivisions as well. they are the people that will tell you what cable provider, electric company, etc that you can use. in subdivisions they can regulate landscaping, pools, basketball goals, paint colors, etc, etc... they really are a pain the ass.

**Sammich** · 10-09-2006, 03:25 PM

Originally Posted by AB3dj

it stands for homeowners association and is not only used in condos but in new subdivisions as well. they are the people that will tell you what cable provider, electric company, etc that you can use. in subdivisions they can regulate landscaping, pools, basketball goals, paint colors, etc, etc... they really are a pain the ass.

o..i dnt plan on doing anything as far as that stuff is concerned, only thing that would bother me is cable provider, cuz them bastads is rapin pple on charges

**ShooterMcGavin** · 10-09-2006, 03:25 PM

hoa ftl, so glad i don't have one

**AB3dj** · 10-09-2006, 03:26 PM

Originally Posted by phatboislim

o..i dnt plan on doing anything as far as that stuff is concerned, only thing that would bother me is cable provider, cuz them bastads is rapin pple on charges

they can fine you if you don't cut the grass or if you leave out of town and leave newspapers in the driveway.

**Sammich** · 10-09-2006, 03:28 PM

LIRL..thats some gay ish 4realz..i was thinking about going into a new subdivision too, glad u told me about that, ill see what they require now

**RUFFIAN** · 10-09-2006, 03:30 PM

Originally Posted by phatboislim

yea, but what would u choose for your first purchase, condo or house

that would depend on how much you are into yard mantainence. condo's are usually cared for by a tenant association and houses tend to give you a little more leway to do your own thing with the grounds. If you don't like to cut grass or want little to do with the grounds go with the condo. their is a lot of upkeep to plan for with the house.

**Sammich** · 10-09-2006, 03:34 PM

Originally Posted by ruffian

that would depend on how much you are into yard mantainence. condo's are usually cared for by a tenant association and houses tend to give you a little more leway to do your own thing with the grounds. If you don't like to cut grass or want little to do with the grounds go with the condo. their is a lot of upkeep to plan for with the house.

yea i was thinking about that. at times i wouldnt mind having a nice yard, then after a lil while ill get tired w/ it, but then i'd get back into it.

i guess it may depend on what deal i find on house or a condo

**Extrememustang** · 10-09-2006, 06:33 PM

Im renting a 3bed 3 full bath condo in the city of duluth like 2 miles from gwinett mall. Nice area and everything but Im the ONLY renter in this place so everyone looks down on me and all my neighbors are snobbs so now Im looking for somewhere else to go.

**SLow_POke** · 10-09-2006, 08:40 PM

house im in the same boat . working 2 jobs to save money for the DP. since my credit is fuked i have to put a good amount down .i have enough saved to built d a fuken sik motor but cant touch it

-Ernie

**Sammich** · 10-10-2006, 07:53 AM

^^u w/ a credit union??

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