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Do you recall Lorenzen Wright / NBA Player ?

 
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nitabug View Drop Down
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Points: 219908 		Post Options Post Options   Thanks (6) Thanks(6)   Quote nitabug Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 5:58pm
How much was she supposed to spend on a house? 75k?Confused
sh*t houses in sh*tsburgh aren't even that big and go for 250k+

And she didn't buy a Bentley. She bough a 30K SUV. lol. She was supposed to buy a Kia Rio?

A house is an asset.
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jonesable View Drop Down
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Points: 202318 		Post Options Post Options   Thanks (0) Thanks(0)   Quote jonesable Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 6:42pm
Did BHM already say that that's a perfectly reasonable amount ( on the low side actually) to spend in less than a year?
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nitabug View Drop Down
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Points: 219908 		Post Options Post Options   Thanks (0) Thanks(0)   Quote nitabug Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 6:43pm
Originally posted by jonesable jonesable wrote:

Did BHM already say that that's a perfectly reasonable amount ( on the low side actually) to spend in less than a year?
no
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jonesable View Drop Down
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Points: 202318 		Post Options Post Options   Thanks (0) Thanks(0)   Quote jonesable Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 6:44pm
hmmms
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rickysrose View Drop Down
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Points: 147667 		Post Options Post Options   Thanks (4) Thanks(4)   Quote rickysrose Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 7:17pm
Buying the house flat out is a better idea than mortgaging it without steady income and end up losing it because the money dried up and the payments became a burden
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jonesable View Drop Down
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Points: 202318 		Post Options Post Options   Thanks (2) Thanks(2)   Quote jonesable Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 7:20pm
but what about property taxes and all that
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rickysrose View Drop Down
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Points: 147667 		Post Options Post Options   Thanks (0) Thanks(0)   Quote rickysrose Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 7:21pm
As for his death, that's so tragic 

Don't know enough about the story to say whether the wife had anything to do with it or not 
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Points: 74361 		Post Options Post Options   Thanks (0) Thanks(0)   Quote india100 Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 7:51pm
Originally posted by jonesable jonesable wrote:

Did BHM already say that that's a perfectly reasonable amount ( on the low side actually) to spend in less than a year?
Not if you claim to be broke?
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Points: 1177 		Post Options Post Options   Thanks (1) Thanks(1)   Quote darkbarbie Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 8:31pm
Well I am from the area and people down here been saying she set him up.
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rickysrose View Drop Down
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Points: 147667 		Post Options Post Options   Thanks (1) Thanks(1)   Quote rickysrose Quote  Post ReplyReply Direct Link To This Post Posted: Feb 09 2013 at 8:48pm
Originally posted by jonesable jonesable wrote:

but what about property taxes and all that

If the house is only $340k for that size, I'd imagine that property taxes wouldn't be that much, still less than rent.  

Finding utilities, property tax, insurance, etc money is easier than all of that PLUS mortgage money

Why do you think it's a better idea to mortgage the principal home the kids will be living in?

Investing the money instead?  What investment reliably appreciates more than real estate? (all investments have short term bubbles and prices are quite low now)
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