Search results

@lasturianu 20 years ago when I lived in Sioux Falls South Dakota my rent was $660 a month. 2 beds. My rental is 875 a month. It’s a 2 bed 1 bath house. 20 years. I would day my cost is about the same. There are many apartments here in Omaha where I’m at now you can get a 2 bed for 700-900...

@lasturianu How so? I grew up quite poor. My parents couldn’t afford college so I went to a community college. I learned a trade. I bought my first house at 23 for 50k. It was an old 1900 house back in 99. Needed a ton of work. Took me YEARS to save money. To put it away. Pay down all debt...

@bdaroowala If they can’t afford rent most likely they cannot afford to own a home either. This isn’t the fault of of landlords. There is government assurance programs for folks like this and FHA for those who have good credit.

@resjudicata No. They wouldn’t have. They would have had the same fence. Concrete work. AC. And stove. They would have had to pay all these things on top of their mortgage. Nothing covered by insurance. All out of pocket. Yes I have an emergency fund just for this property. And no. Rent will...

@lasturianu The house is worth 105k. If I’m lucky it’ll be worth 105k in 30 years. It’s in a very small part of town. My primary home might be worth 300k in 30 years. But definitely not my rental. It’s a 2 bed 1 bath 864 sq ft house.

@lasturianu And that’s probably true. Then there is also the cost of turnover to factor in. Every time a tenant switched the home has to be gone through. Luckily not something we’ve had to deal with but we already know all the walls will need to be repainted. I imagine it’ll be another year...

@resjudicata So. I have a rental property. Small two bed one bath single family home. My mortgage including taxes and insurance is $575 a month. My renter pays $875 a month. So I should profit $300 a month. $3600 a year profit you say. Here is how this year has gone. Neighbors house...

@bdaroowala You realize there is a huge demographic of people who DON’T want to own a house. Who don’t want to mow a lawn. Who don’t want to fix an AC. Who don’t want to pay for a new roof. Who don’t want to update a bathroom. Who leave town and don’t want to worry about their home sitting...

@freeyourmindfromthelies I would increase your TSP 4% since you’re getting an increase next year. Always increase EVERY time you get a pay raise. Get used to living on less money. I would drop your truck back to min payment. I would apply THAT additional to your wife’s car payment and make it...

@snapdragons_ You won’t get January and February. They do not take out TSP in your final month before you retire. You will only get TSP deducted in January. When I retired in 2022 I finished 1 August. I did max out my TSP Jan-Jun. pulling money out of savings to do so as I maxed. You won’t...