This question is probably the most common for people in their 20s and 30s. You’re making some serious bank at your job, but you hate to see all that money go down the drain, so should you buy a house or rent one?
First off, real estate is about location, location, location and so is the decision of renting or buying your house. In San Francisco, according to money.cnn.com , the price/rent ratio is about 30. That’s way to high to make owning a home ever make sense financially unless you want the benefits of being a homeowner vs a renter and want to speculate on the frothy tech scene located in that area. On the other end, you have Detroit at 7, if you wanted to buy a house there you could it just might not come with plumbing.
Continue reading “Should I Buy A House or Rent One? The Great Debate”
If you walk out into the average parking lot of a Fortune 500 company, it’s like getting front row seats to last year’s Detroit auto show. Everyone has a new car. Brand spanking new, gorgeous vehicles without any weirds stains, faded paint, or dented passenger doors. Looking at them makes you feel great, driving them makes you feel even better. The typical excuse people give is “man I gotta get a reliable vehicle” to make it seem legitimate to go spend $25,000 on a Chevy sedan that will be worth half that in three years. I’m just gonna throw out numbers to make it easier to follow why buying a new car is literally one of the dumbest financial moves you can ever do.
Continue reading “Is the Vroom of Your New Car Worth 10 Years of Your Life?”