Buy or Rent?

[Yankees]

Originally Posted by iDumb
you don't have kids yet you are giving some guy online you have no clue whatsoever about advice on kids. Sounds about right.

going by that logic, why don't you take your own advice and stfu and stay out of it little man?

Better yet, consult with your doctor to see if viagra is right for you. Your frustration is evident and gross.

[Jadukor]

Originally Posted by iDumb

There is a trend if you actually read my posts on finance... too many 20 or 30 year old pu$$$&.. ..ppl don't take enough risks... this age is not the time to play safe... it's time to take as much reasonalbe risks as possible....

This is precisely what I was aiming at. This is your point of view. To take risks at an early age and reap the rewards later in life rather than playing conservative. Even though in the end, you didn't buy the 700k house but I am assuming you are encouraging others to take the risk that you didn't, perhaps out of goodwill. But here is the thing though, I have a different point of view to yours, a different prescription to life and consequently, my advice to BengaliPagol is also different. Unlike you, I have actually lived my life in the way I am advising others on. I am not advising Din Raat to aim for 100k entry level internships because I worked my *** off as an intern without pay. Whether I am just another brown guy who has underachieved in life or whether my way is the right way to live or not is a different conversation but the whole point of drawing from your own life experiences is to assure whoever is listening that it comes from a genuine place.

[Jadukor]

Originally Posted by Yankees
going by that logic, why don't you take your own advice and stfu and stay out of it little man?

Better yet, consult with your doctor to see if viagra is right for you. Your frustration is evident and gross.

Let's not make this thread into a penis measuring contest between you, idumb and G-man. We are all adults here so let us rise to the occasion and take the responsibility ourselves to act more mature.

[iDumb]

Originally Posted by Jadukor
To take risks at an early age and reap the rewards later in life rather than playing conservative. Even though in the end, you didn't buy the 700k house but I am assuming you are encouraging others to take the risk that you didn't, perhaps out of goodwill.

I have actually lived my life in the way I am advising others on. I am not advising Din Raat to aim for 100k entry level internships because I worked my *** off as an intern without pay.

Again you are assuming a lot based on my one lack of purchase. I make mistakes and that was mine at that time though I probably would have bought it if the house price was less. I am not telling anyone to go buy high price properties that they can barely afford. I am telling ppl to simply buy. These are important distinctions.

High risk is not equal to wreckless. I am significantly invested .. 100% stocks - no financial pundits advise that. But I am and that's why I also preach. I don't want to throw in numbers but it's very hard to be convincing when I get replies like yours with a lot and lot of assumptions.

Again you are advising free internship because you went through it probably because you had hard time finding a paid one and you just like most like assuming everyone else will be in similar boat to you..... I am advising against that because I never worked for free and I too also worked hard to enjoy my current amazing income potential.

Working in a compnay like facebook is not all that you are making it out to be really. It's a very simple internship. and you can revisit the thread where i started posting because ppl write a lot of nonsense...such as making 300K is impossible and only ceo makes that and there are 1 per company. These type of sentences look laughable simply because its just not true.

[iDumb]

I am very genuine Jadukor. I really dont' understand your posts. Yes we view things differently but does not make mine any less genuine than yours. In fact mine is better view than yours becuase you end up with more money

[mufi_02]

be aware of homeowner's associate (HOA) / condo fees. I recently found a place a zillow and the asking price seemed quite reasonable for the location. I called the realtor only to be informed that HOA fee is $400/month. I decided not to proceed.

these fees are not listed in your typical site.

[bujhee kom]

I get the point of the point/theme of the thread.
But as many of cannot buy, thus we rent - my advice to all of you bhais and apus, watch out on those slum-lords! Salaa-ra ek number Boodmais...koob boodmais! Koob Sabdhaan!

[Yankees]

Originally Posted by Jadukor
Let's not make this thread into a penis measuring contest between you, idumb and G-man. We are all adults here so let us rise to the occasion and take the responsibility ourselves to act more mature.

hah I see what you did there. Easier for some then others, evidently.

[Yankees]

Originally Posted by iDumb
Working in a compnay like facebook is not all that you are making it out to be really. It's a very simple internship. and you can revisit the thread where i started posting because ppl write a lot of nonsense...such as making 300K is impossible and only ceo makes that and there are 1 per company. These type of sentences look laughable simply because its just not true.

Nobody said "only ceos make 300k." This is why you are such an annoying poster, because you have very little to argue, so you make up complete BS. This facebook topic has been discussed to death (months ago). Everyone has come to a consensus, except you because you refuse to admit when your wrong, and would rather double down on your asinine points. Even a donkey would get the point by now.

[Jadukor]

Originally Posted by iDumb
I am very genuine Jadukor. I really dont' understand your posts. Yes we view things differently but does not make mine any less genuine than yours. In fact mine is better view than yours becuase you end up with more money

The reason why we are having this conversation is because you approach every issue with "my opinion is better than yours" attitude and end up arguing and throwing insults at the end. You have been here for so long but this aspect of you has not changed and seems to have gone worse. This is the fundamental difference between you and me. I wrote my post about my own experiences and the intended audience was never you. But here I am dragged into this conversation.

Also, you talk about not making assumptions but in the same freakin post you assume I don't have more money than you and that I did a non-paid internship because I could not get a paid one. Once again at this point in writing this post, i wonder why do I even.....

[bujhee kom]

Arrey bahis, Some Bharatias are also khoob Boodmais...Bhara dei naa! Maas-er por Maas bhara baki poira gechey! Kuno Khubor nai! For these kinds of baharatias, I have to maintain Mastaans!

[iDumb]

Originally Posted by Jadukor
The reason why we are having this conversation is because you approach every issue with "my opinion is better than yours" attitude and end up arguing and throwing insults at the end.

Why wouldn't I think my opinion is better? That's why we have forum, you can show me otherwise.

Also, you talk about not making assumptions but in the same freakin post you assume I don't have more money than you and that I did a non-paid internship because I could not get a paid one. Once again at this point in writing this post, i wonder why do I even.....

ok let's be a bit mature here. i realize that my posts are coming out wrong or it is perceived wrong. I would never argue with anyone about who has more money - that is not my style. We all come from all walks of life and have different sets of skills. My father was a minimum wage worker.

My posts are always about figuring out the right approach to investing. Most of my friends make more money than me yet i still often tell them what to do. They don't usually reply back with "what the f did you do or I got more than you"?.. they are very receptive and realize there is merit to what I am saying.

Purchasing, saving, investing can be had for any income level. It is often replies like "preach what you do" that often make things more personal than it is necessary.

I have no idea about your finances. Probably you are a multi millionaire. I don't know and I dont' assume otherwise. For this thread, you and I are actually on the same boat. You made profit buying and selling a property. I didn't and I said it was my mistake. When I said my approach gives you more money - it gives you more money.

Paid internship gives you more money than free one
Working at big technology and up and coming new innovative companies give you more money and more opportunities than your typical well established firm (like power company). these are facts. It has nothing to do with me or you.

You probably have a lot of money now because you saved, you invested and it paid off. It is not because you took a free internship. In fact i think you are NOT preaching what you are doing. you can make more money establishing yourself financially in a way that doesn't require you to be slave to your job. You did one of those move by buying and selling a property. Financial independence has always been my theme even though I am not financially independent.

I don't have to live through a disease to know how it would manifest itself or how it will progress as an example. That would be a terrible thing. Similarly I don't have to go through something to come up with a decent approach to investing. I don't know anyone who ever told me they said i wish i invested later in life. it's always I wish i did it earlier.


this is my message: using scientific calculator, if the numbers look ok, Go for buying the property (hopefully it's first of many), and worry less about losing money in 20s and 30s. It's not end of the world. and your goal is not worry free retirement at 65. your goal is financial independence meaning you will survive and thrive even if you don't have a full time job.

^if anyone disagree to the above statement of encouragement, let me know why or how your approach be different.

[iDumb]

the key to owning multiple properties is to buy 1 first - idumb

[iDumb]

Originally Posted by Yankees
Nobody said "only ceos make 300k." This is why you are such an annoying poster, because you have very little to argue, so you make up complete BS. This facebook topic has been discussed to death (months ago). Everyone has come to a consensus, except you because you refuse to admit when your wrong, and would rather double down on your asinine points. Even a donkey would get the point by now.

No. Only donkeys such as yourself think making 300K is almost impossible. Because well they are donkeys with donkey brain.

And donkeys or is it sheep that tend to agree with each other.

[Yankees]

Originally Posted by iDumb
No. Only donkeys such as yourself think making 300K is almost impossible. Because well they are donkeys with donkey brain.

And donkeys or is it sheep that tend to agree with each other.

hahaha you are such a delusional git. If you can prove to me that I said "300k is almost impossible," then I will proclaim you the second coming of Warren Buffet. Heck, we all will. We will give you the validation you so badly desire and lack in your pathetic life.

Go ahead, I will wait little man. Put up or shut up.

[Jadukor]

Why wouldn't I think my opinion is better? That's why we have forum, you can show me otherwise.

There is also the possibility where both of our opinion is valid due to our unique individual set of circumstances in life. There is no one-size-fits-all to life, not everyone is driven by money and making millions, and there is no shortcut to experience and maturity which most times helps you to avoid making terrible decisions/investments.

ok let's be a bit mature here. i realize that my posts are coming out wrong or it is perceived wrong.

Thank you for at least being open to this idea

My posts are always about figuring out the right approach to investing. Most of my friends make more money than me yet i still often tell them what to do. They don't usually reply back with "what the f did you do or I got more than you"?.. they are very receptive and realize there is merit to what I am saying.

You friends are more understanding and receptive because they are your friends. You need to have a certain level of trust and build a certain level of respect before you use that approach randomly in a forum. If I was investing in stocks and you said those are dumb choices and suggested different options, I would not feel insulted and take you seriously. Why? because it is not my area of expertise.

Paid internship gives you more money than free one
Working at big technology and up and coming new innovative companies give you more money and more opportunities than your typical well established firm (like power company). these are facts. It has nothing to do with me or you.

I chose to do an unpaid internship at the UN because I wanted to work in the nonprofit/development field. I did not get paid but gained valuable experience in a truly multicultural international setting and it helped me set my goals in the final year of my bachelor's degree to work for this organization. I then went on to do my masters and I did land myself the job I wanted after. Now I also had opportunities as a paid intern but I simply wasn't interested in that career path and fortunately, my mom and dad through their sacrifices had enough money saved for me to not worry while I was studying and allowed me to take my time to set my goals. For me, the unpaid internship was a good investment.

this is my message: using scientific calculator, if the numbers look ok, Go for buying the property (hopefully it's first of many), and worry less about losing money in 20s and 30s. It's not end of the world. and your goal is not worry free retirement at 65. your goal is financial independence meaning you will survive and thrive even if you don't have a full time job.

Individual circumstances are different. You can make more bad decisions when you do not have the maturity and the understanding of how the world works. You can play like a Sehwag but you can also play like Tendulkar which is to set yourself up and cash in later.

[zman]

Originally Posted by mufi_02
be aware of homeowner's associate (HOA) / condo fees. I recently found a place a zillow and the asking price seemed quite reasonable for the location. I called the realtor only to be informed that HOA fee is $400/month. I decided not to proceed.

these fees are not listed in your typical site.

ziprealty and redfin are much more accurate than zillow

[zman]

Originally Posted by iDumb
the key to owning multiple properties is to buy 1 first - idumb

I agree with many of your investment strategies. I don't understand what is stopping you from buying your 1st property
If you think 4k/month is too high buy one for 2k/month just to lock in low interest rates and get tax benefits. There's a big difference in interest rates for primary residence and investment property. If you own only one property you can always claim it as primary residence whether you live there or not.

[Yankees]

Originally Posted by iDumb
No. Only donkeys such as yourself think making 300K is almost impossible. Because well they are donkeys with donkey brain.

And donkeys or is it sheep that tend to agree with each other.

Originally Posted by Yankees
hahaha you are such a delusional git. If you can prove to me that I said "300k is almost impossible," then I will proclaim you the second coming of Warren Buffet. Heck, we all will. We will give you the validation you so badly desire and lack in your pathetic life.

Go ahead, I will wait little man. Put up or shut up.

I'm still waiting, little man. And it looks like I'll be kept waiting.

This is the thing about idumbs verbal diarrhea -- it flows non-stop and straight out the a$$, but the moment you ask him to back it up, you won't hear a peep. Instead what you'll get a passive aggressive post days later on another thread. Pathetic and shameless.

[iDumb]

Originally Posted by Yankees
I'm still waiting, little man. And it looks like I'll be kept waiting.

I like to keep my engagement with less informed and uninteresting ppl as minimum as possible. Same reason I didn't reply to the stellar math problem. There is a whole thread discussing your CEO making 300K salary and why Din raat will never earn that money. Your lack of knowledge on this subject matter has been exposed and there is no reason for me to engage with you any further regarding that here because you simply lack the knowledge or the experience.... Go back to that thread and re read everything. It's all there with lots and lots of data I provided via links.

300k is a struggling salary depending on where you live, if you had the experience you would know that. But to you that's an impossible salary and a CEO level one.. LMAO!!

[iDumb]

Originally Posted by zman
I agree with many of your investment strategies. I don't understand what is stopping you from buying your 1st property
If you think 4k/month is too high buy one for 2k/month just to lock in low interest rates and get tax benefits.

that is a very good point and I agree with you. I should realistically be looking for my 2nd or 3rd right now. There are many factors that play in purchasing a house beside just money. Personal non monetary issues. Something like that prevented me.

FI would be very realistic for me if i did purchase that time like you said. Right timing by luck plays a major role in life.

ppl graduate from college at age 21 if u don't waste any time... from 21 to 30.. a time almost a decade.. you can do some serious damage (in a good way) to your finances....i probably did 25% of it unfortunately (due to many factors not lack of knowledge or will).... and that equated to better than maybe 85% of ppl...

Most ppl play safe.. or don't play at all.. so most ppl are normal regular folks.... if you want to be not like most ppl.... you gotta take risks and risk to lose and be broke at 30... what's the worse that's gonna happen? u not gonna get a pretty wife? Big deal.

[Yankees]

Originally Posted by iDumb
I like to keep my engagement with less informed and uninteresting ppl as minimum as possible. Same reason I didn't reply to the stellar math problem. There is a whole thread discussing your CEO making 300K salary and why Din raat will never earn that money. Your lack of knowledge on this subject matter has been exposed and there is no reason for me to engage with you any further regarding that here because you simply lack the knowledge or the experience.... Go back to that thread and re read everything. It's all there with lots and lots of data I provided via links.

300k is a struggling salary depending on where you live, if you had the experience you would know that. But to you that's an impossible salary and a CEO level one.. LMAO!!

I fully remember that discussion. And again, I dare you to show me that I said 300k is impossible. Instead of repeating the same one-liners, why don't you put up or shut up little one.

[iDumb]

Originally Posted by Yankees
I fully remember that discussion. And again, I dare you to show me that I said 300k is impossible. Instead of repeating the same one-liners, why don't you put up or shut up little one.

it's ok don't get mad. We all know 300k is impossible for you and the comment is equally understandble because people look through the world through their own life lens and limited expeirence

[Yankees]

In fact, I'll go one further. Here's the thread. Go ahead and show me where I said "300k is impossible and only CEOs make it":

http://www.banglacricket.com/alochon...ad.php?t=49364

You're nothing more than a 40 year old manlet railing against the world. BC is a release for you to let out your pent up frustration. I bet you were bullied in school and girls never paid any attention. So you think money = self esteem = girls. It's no wonder you constantly bring up having money for a "pretty wife" and accusing others (me, Jadukor, gmen) of not making any.

[Yankees]

Originally Posted by iDumb
it's ok don't get mad. We all know 300k is impossible for you and the comment is equally understandble because people look through the world through their own life lens and limited expeirence

Backtracking won't help little one. I'm giving you a golden opportunity to prove that you're not full of constipated bull. Should be easy enough, no?