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[–] obvious_throwaway1 1 point 4 points (+5|-1) ago 

Because the car is an ever-depreciating asset and the house at the very minimum holds it's value.

You rent both either way in the end, even if you "own" the house.

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[–] hey_girls_pm_me_toes 0 points 1 point (+1|-0) ago 

no. You can make a profit by selling your house

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[–] obvious_throwaway1 0 points 5 points (+5|-0) ago  (edited ago)

Generally speaking, in the typical case you need to spend money to renovate/modernize/maintain the house, and the traditional 30-year mortgage is mostly principle until the 10th year. Since the average home owner sells their house within 7 years of ownership, this means it's a minority that actually does end up making money selling their house.

Cost + appreciation - renovations/repairs/maintenance - sale price = net loss for most people.

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[–] Sosacms ago 

If you pay in cash.

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[–] 10124448? ago 

if you're lucky. unless you put in serious sweat equity you might not even break even after considering inflation and transaction costs, especially if you move after less than 10 years or so

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[–] hypercat ago 

The house depreciates in other ways. Needs new roof, floors, gardening, property tax, new windows, remodel, update, etc. and you never know when the market will tank and you lose 30% of the value you paid for. Like when 2008 happened and 500k houses went down to 300k or less value almost overnight.

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[–] hey_girls_pm_me_toes 0 points 30 points (+30|-0) ago 

200k house is a pretty nice house in most places

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[–] 10123411? 0 points 7 points (+7|-0) ago 

Where I live it gets you a small townhouse. 45 miles outside Atlanta it gets you a 4000 Sq ft luxury house, in Fairfax it gets you a dump of an apartment.

[–] [deleted] ago 

[Deleted]

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[–] hey_girls_pm_me_toes 0 points 3 points (+3|-0) ago 

I live 45 mins nw of Atl and have a 3000sq ft house. If i lived in Atl i might get a 1 room condo

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[–] totes_magotes 0 points 6 points (+6|-0) ago  (edited ago)

Pretty much. I just bought a house and it's really fuckin' nice for being just less than $200,000. Better than most people's houses I know and given the age and care that's gone into it, it compares to larger houses worth far more. Built in 1940, the construction is unmatched today.

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[–] a_random_sith ago 

The flooring on the older houses is so much better than houses build within the last 20-30 years.

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[–] CRKT_M16Z 0 points 3 points (+3|-0) ago 

Most places?

Without revealing where I live, I'll just say that $200k might get you an okay home in a somewhat shady neighborhood, if you're lucky. If you want nice in a good neighborhood, you're looking at prices starting around $300k.

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[–] hey_girls_pm_me_toes 0 points 1 point (+1|-0) ago 

Well most places in my state

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[–] SonOfRobin 0 points 3 points (+3|-0) ago 

I concur and I'll state I live in Colorado. If it's a major city in Colorado with 10 miles then 300K+

The reason? All the Californians need to go back.

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[–] 10124201? ago 

Just looked at a place the other day here. Four bedroom, 3 bath, over 2200 square feet with a pool and in-ground sprinkler system and on the "good" side of town for $200K. Also saw another 4 bed/2 bath with 2300 sq feet and a pool a little more on the good side of town for $170K. Sure I don't live in NYC, LA, or Miami, but those are great houses in a decent sized city.

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[–] hey_girls_pm_me_toes 0 points 1 point (+1|-0) ago 

Yea I have dated girls who loved watching those house flipping shows. Some bitch will pay 500k for a 1600sq ft house in the ghetto and spend 100k to fix it up. I would just move.

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[–] pushthis 0 points 1 point (+1|-0) ago 

Disagree

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[–] FrostyTheSwoleMan ago  (edited ago)

$200000 house

Poor as fuck

Where do I fall, renting a room from a dude on craigslist?

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[–] sumguy ago 

People believe what they want. I drive a 20 year old truck that's been paid off for 14 years and live in a house that cost $60k/$350 month, everyone thinks I'm rich as fuck. No you fucking idiots, I just know how to NOT throw money away so I have some to spend on things I like (travel, early retirement).

[–] [deleted] 0 points 1 point (+1|-0) ago 

[Deleted]

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[–] 10124240? 0 points 1 point (+1|-0) ago 

If it is a $200K RV then you are doing better than most.

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[–] BezM8_5o ago 

200,000K house in my neck of the woods makes you nearly homeless, you probably won't have a working roof. Even the crappy condo style attached houses that you see in condo complexes are closer to 300,000. Just remember kids, it's not the house you're buying anyway, it's the dirt below it. Shop smart.

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[–] Thegreatstoneddragon ago 

Or you could live like a king in a $200,000 RV.

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