def agree about the house thing.
I have actually dialed and hung up a phone.
I agree with this, but do your research. It works only if you buy in a rent-able neighborhood. Else you just have 2 mortgages.
I'm a younger millennial but I can relate to these things...perhaps my parents were just old school.
I wrote a report in 6th grade on Belize and saved it to a floppy. I used the Encyclopedia damnit!
Same. I'm on the young end of Gen y, but I remember our rotary phone growing up and our tv that had a knob for the channels on the front. B&W, too.I'm a younger millennial but I can relate to these things...perhaps my parents were just old school.
We had a software to split big files into 1.44mb chunks if you needed to take it to a different computer and then stitch it back up.
Eh, then I have that whole absentee landlord nonsense I'd have to deal with. Plus I hate yard work. Like, loathe it. I might buy a condo further on in life, but, again, I think I want to explore the US a little bit more before I settle on a location. I like Indy so far, but the lack of air transportation is killing me (I got too used to NYC airports where everything was fairly cheap/direct).
There are property managers that can handle that, they take it out of rent. But renting out a house with a mortgage, people aren't looking for profits just yet anyways. Its a long term investment.
I'm sorry, I'm laughing because my family still has normal phones at the house on LI (due to a dead patch, cell phones don't get signal at all until we got a private 'home-only' antennae from AT&T). They had to buy a new set at Costco and they were practically giving them away.
Condos are good. Check Florida. I can almost gaurentee you will be able to rent, airbnb, vrbo that place out. I know plenty of people who had condos in FL and they only needed to rent them out a few weekends and nights to cover the mortgage. You'll get snow birds in the winter, and tourists in the summer.
Eh. With house ownership comes a lot of fees I'm not interested in, as well as lead to equity stripping when a HELOC comes into play. Tbh, I'd much rather have an investment that outpaces inflation and doesn't require additional investments for upkeep/repairs. I have this argument with myself every couple of years when I change apartments of if I should buy a house or if I should keep renting/investing and it always comes out to keep renting unless I can afford a 2 to 4 family structure to rent out (which I most likely will not be able to afford for many many moons from now).
What fees? And you don't have to get a HELOC. I've been a homeowner for 5+ years with 2 homes and I think it's cheaper than rent.
