Houses

Things are jiving along with the house. I just paid 5K to escrow, not thrilled about it, but it is necessary. I am drawn to buying a house while other people are so weird about the process, just like with credit cards. It really isn't all that complicated, the process is simple, just do what they tell you and you will be fine.

My philosophy is simple:

Credit Cards

Pay down your bill immediately or in advance. You are borrowing money from yourself. If you don't think you are going to be able to pay it off then you shouldn't have used it to begin with. The moment you let yourself go and charge charge charge is when you should cut up your credit card or use a prepaid version like the one Russel Simmons promotes.

Buying a House

It is not a resale investment. Just because you poured 50,000 dollars into your house, you upgraded it etc... doesn't mean anyone is going to buy it. You buy a house to live in it and sell it if you need to move. If you don't make money in the process then too fucking bad, that wasn't the point. Only rent a house you have paid off before attempting to buy a new one.

Bottom line, if you don't want to own a house, then go rent. However when you grow older and it becomes more difficult to find a job, I will laugh at you because my house will be paid off and I will live rent free. I will only have to pay insurance and property taxes which over the span of a year is about 75-80% less than renting. I will be able to retire easily.

I am just annoyed with all of the people who bought a house and regret it now. Idiots all bought in expensive. 1600/month rent. Mine is going to be 1400/month, which isn't bad. It is less than what I pay in rent now. I am going to pay it down fast too because I like doing that kind of stuff, its a thrill for me. I can't wait to do anything I goddamn want to do to my house. People can kiss my ass.

The only fear that I have with owning a house is not being able to make my mortgage. I will do everything in my power to be on time and current, but if for whatever reason I get hit hard financially, and I cannot bounce back, I am willing to accept foreclosure. Fuck it.