Wtf?

[4bangen]

I've never expected or wanted money from any of my family... probably to a fault

#foolishpride

I'm there with you. When I got my first "good" paying job at 17, I stopped taking money from my parents. I bought my own car, paid for my own insurance, gas, and car repairs. I bought my own clothes, and paid for most of my own food. In hindsight, I should have saved that money and let my parents pay for me as long as I could, BUT oh well.
I took money from my dad during my divorce as a loan because I was floundering and couldn’t afford food. But when I tried to pay him back he wouldn’t take it. Other than that I’ve been rolling on my own dime since I could do so. I’m proud of that.

[HarrisonTX]

How the hell are you going to be a renter with $250k in the bank? Jesus people

[mstng86]

How the hell are you going to be a renter with $250k in the bank? Jesus people

well, if they have 250k in savings, something is working for them. At least they have savings.

[slow99]

Home ownership isn't always the best option, I'm not sure why the vast majority of people seem to think it is. I guess it's years of being told that it is.

[svauto-erotic855]

How the hell are you going to be a renter with $250k in the bank? Jesus people

Very often renting is cheaper/easier then owning.

[Ruffdaddy]

The lottery doesn't know the individual circumstances of each winner. They take out 25% across the board, much like you have taxes taken out of your check but still might owe at year end. Chances are they'll owe a lot more than 25%, people get fucked all the time with a large winning b/c "but the lotto already took the taxes out!!"

They only take 25% Even though the $1MM sets them in the highest income bracket?

[Craizie]

I'd never expect it, and would probably never accept it. I'm too prideful.

[slow99]

They only take 25% Even though the $1MM sets them in the highest income bracket?

Yes, lotto takes 25% across the board and did (obviously) in this case.

[ELVIS]

#democrats

god bless.

[TeeShock]

This. I have a 23yr old friend that claims she is a grown-ass-woman, when clearly she acts like a child.

Ahem. Is she into group activities?

[HarrisonTX]

Very often renting is cheaper/easier then owning.

Easier, obviously. That doesn't make it better though.

Cheaper? Eh. The house next door to me just sold. Rent is $1100 a month. My mortgage is less that half of that.

Its easier certainly, cheaper? No.

[HarrisonTX]

Home ownership isn't always the best option, I'm not sure why the vast majority of people seem to think it is. I guess it's years of being told that it is.

I see it like this. At the end of a year take your rent receipts and you can't even buy a cup of coffee. I'll take a year of equity and can physically show you what I own.

[slow99]

I see it like this. At the end of a year take your rent receipts and you can't even buy a cup of coffee. I'll take a year of equity and can physically show you what I own.

It isn't always best, I'll just leave it at that.

[HarrisonTX]

It isn't always best, I'll just leave it at that.

You're not willing to explain your statement?
Please explain how renting is better than owning. What am I missing

[Snatch Napkin]

You're not willing to explain your statement?
Please explain how renting is better than owning. What am I missing

If you're the type of person that works under contract basis, you'll be moving around quite a bit chasing money.
Renters can walk away from the house overnight with little to nothing in sacrifices.
Homeowners might have to take a hit in order to liquidate it.
If they keep it and only live there a couple months out of the year, then maintenance and upkeep is being taken care of by a third party. That can sometimes equal the monthly rent or exceed it.