I just bought a house and I regret it !

  • Guido4real69

    Posts: 87

    Sep 30, 2015 2:52 PM GMT
    i recently bought a house that's 1 hr away from family, friends and work . I'm regretting the decision I have made . This house has cost me my life savings already . Nearly 15 k for closing and furniture . I'm so damn lonely
  • tj85016

    Posts: 4123

    Sep 30, 2015 2:56 PM GMT
    rent it out and move, rents are skyrocketing
  • Guido4real69

    Posts: 87

    Sep 30, 2015 3:02 PM GMT
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2015 3:05 PM GMT
    where have you moved to? rather than lament what you've left behind, seek out what's new.
  • tj85016

    Posts: 4123

    Sep 30, 2015 3:11 PM GMT
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .


    well, if the situation doesn't improve, you can always think about the option - at least expenses on rental property can be deducted from the taxable rental income

    and you will have expenses whether you live there or not
  • Guido4real69

    Posts: 87

    Sep 30, 2015 3:24 PM GMT
    tj85016 said
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .


    well, if the situation doesn't improve, you can always think about the option - at least expenses on rental property can be deducted from the taxable rental income

    and you will have expenses whether you live there or not
    I'm sick to my stomach . I think eventually I gotta move .
  • SilverRRCloud

    Posts: 872

    Sep 30, 2015 3:53 PM GMT
    I bought my first house when I was 23. I still remember this as being one of the happiest days of my life.

    I had known for a while that I am my own family & friends first and foremost. And that much as I enjoyed their company and support, my home was my first line of defense. I did not have to pay any rent, and the real estate tax was pretty low.

    So, first and foremost, I was a free dude. Even if the going were going to get tough, a single guy can make do with little resources, if he is not paying any rent.

    When the time came for me to sell my first home, I did it with a grateful memory of many happy moments spent there. And I bought new homes for me to live in, and for other people to rent.

    Being a corporate travel warrior, nothing is more important to me than the comfort and the pleasures of my own homes.

    Embrace your house, and make it your home. The family and friends will follow.

    SC

  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2015 4:25 PM GMT
    the OP's profile says he is from NY city, if that's true. Just a lot different than most environments.

    there are a lot of personal time and costs involved in being a land lord and property management firms are a lot of expense for what they do. Either way keep a copies of the lease agreement, receipts for maintenance, insurance etc. Look into a tax accountant the first few years even if you deicde not to rent. Likely you have an owner occupied loan as opposed to an investment situational. he also likely has an escrow account. Where a lender can find occupancy difficult to prove dont be too obvious you intend to rent the unit out if thats the way you go.

    -a 1hr work commute is the outer edge but i bet not un common for the area.
    -treat it as a new social opportunity, if you can. Lots of people (inc me) live in a none optimal area. And some of them even insist on doing it.
    -friends and even employers can change w/o notice.











  • Guido4real69

    Posts: 87

    Sep 30, 2015 10:11 PM GMT
    My fucking basement is flooded
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2015 10:26 PM GMT
    bugger
  • Guido4real69

    Posts: 87

    Sep 30, 2015 10:39 PM GMT
    thisagain saidbugger
    the sub pump us not working . It's bubbling up .
  • Guido4real69

    Posts: 87

    Sep 30, 2015 10:47 PM GMT
    MuchMoreThanMuscle said
    Guido4real69 saidMy fucking basement is flooded


    If your basement was flooded there should be some type of disclosure statement indicating that this was a problem in the past for the prior owners. If that wasn't supplied to you maybe you can absolve yourself from owning this home.

    Sorry that you're miserable with your new purchase. Buying a home can be stressful and my first time was a bit of a letdown also for different reasons. I made the best of it but am glad to finally be out of there.
    no it was fine until we got 9 inches of rain today .
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2015 11:10 PM GMT
    Guido4real69 said
    tj85016 said
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .


    well, if the situation doesn't improve, you can always think about the option - at least expenses on rental property can be deducted from the taxable rental income

    and you will have expenses whether you live there or not
    I'm sick to my stomach . I think eventually I gotta move .


    "I been in the house for less then a week "

    "I think eventually I gotta move"

    So you mean in three or four days?

    If you're lonely, get out and meet your neighbors.

  • Guido4real69

    Posts: 87

    Sep 30, 2015 11:13 PM GMT
    freedomisntfree said
    Guido4real69 said
    tj85016 said
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .


    well, if the situation doesn't improve, you can always think about the option - at least expenses on rental property can be deducted from the taxable rental income

    and you will have expenses whether you live there or not
    I'm sick to my stomach . I think eventually I gotta move .


    "I been in the house for less then a week "

    "I think eventually I gotta move"

    So you mean in three or four days?

    If you're lonely, get out and meet your neighbors.

    yup i closed last week and I don't like it bro
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2015 11:20 PM GMT
    I remember when I was 13, I took this course at an institution that was very far from home. The class started at 5pm to 7pm, three times a week. It took me 60 - 75 minutes by bus/train after school.
    High school, I went to this great school, for some reason, and I lived in our second house with my brother who was at that time a grad student at univ near the house. I took me 4 hours of travel to see my parents and other siblings, but I still see them at least once a month during the the weekend.
    My dad, brother, sister used to take at least 90 minutes of driving to work every single day.
    To me, one hour from work and family, is not that difficult.
    But it's different for everybody I guess.
    If your problem is about money, then maybe you should reconsider. But if the problem is about loneliness, maybe you should give it sometime and find something new and exciting around neighborhood, since it's only been a week. I was lonely too at first when I lived away from my parents at 14. But I knew what I was doing, I had a good reason, and I stick to it.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2015 11:27 PM GMT
    Guido4real69 said
    freedomisntfree said
    Guido4real69 said
    tj85016 said
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .


    well, if the situation doesn't improve, you can always think about the option - at least expenses on rental property can be deducted from the taxable rental income

    and you will have expenses whether you live there or not
    I'm sick to my stomach . I think eventually I gotta move .


    "I been in the house for less then a week "

    "I think eventually I gotta move"

    So you mean in three or four days?

    If you're lonely, get out and meet your neighbors.

    yup i closed last week and I don't like it bro


    Well, when it stops raining, get out and meet your neighbors. They won't bite ....









    nor suck.
  • Guido4real69

    Posts: 87

    Sep 30, 2015 11:30 PM GMT
    Ronar2 saidI remember when I was 13, I took this course at an institution that was very far from home. The class started at 5pm to 7pm, three times a week. It took me 60 - 75 minutes by bus/train after school.
    High school, I went to this great school, for some reason, and I lived in our second house with my brother who was at that time a grad student at univ near the house. I took me 4 hours of travel to see my parents and other siblings, but I still see them at least once a month during the the weekend.
    My dad, brother, sister used to take at least 90 minutes of driving to work every single day.
    To me, one hour from work and family, is not that difficult.
    But it's different for everybody I guess.
    If your problem is about money, then maybe you should reconsider. But if the problem is about loneliness, maybe you should give it sometime and find something new and exciting around neighborhood, since it's only been a week. I was lonely too at first when I lived away from my parents at 14. But I knew what I was doing, I had a good reason, and I stick to it.
    my problem is I'm the closet . That's the main reason I moved so fR away . Money not so much . Although i spent to much on this house
  • Guido4real69

    Posts: 87

    Sep 30, 2015 11:38 PM GMT
    freedomisntfree said
    Guido4real69 said
    freedomisntfree said
    Guido4real69 said
    tj85016 said
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .


    well, if the situation doesn't improve, you can always think about the option - at least expenses on rental property can be deducted from the taxable rental income

    and you will have expenses whether you live there or not
    I'm sick to my stomach . I think eventually I gotta move .


    "I been in the house for less then a week "

    "I think eventually I gotta move"

    So you mean in three or four days?

    If you're lonely, get out and meet your neighbors.

    yup i closed last week and I don't like it bro


    Well, when it stops raining, get out and meet your neighbors. They won't bite ....









    nor suck.
    your right . I'll introduce my self and invite them over for pizza
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2015 11:43 PM GMT
    Guido4real69 said
    freedomisntfree said
    Guido4real69 said
    freedomisntfree said
    Guido4real69 said
    tj85016 said
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .


    well, if the situation doesn't improve, you can always think about the option - at least expenses on rental property can be deducted from the taxable rental income

    and you will have expenses whether you live there or not
    I'm sick to my stomach . I think eventually I gotta move .


    "I been in the house for less then a week "

    "I think eventually I gotta move"

    So you mean in three or four days?

    If you're lonely, get out and meet your neighbors.

    yup i closed last week and I don't like it bro


    Well, when it stops raining, get out and meet your neighbors. They won't bite ....









    nor suck.
    your right . I'll introduce my self and invite them over for pizza


    Good. That's pretty much what I did when I moved here a few months ago. I wanted to move pretty fast on meeting everyone because we're all in a HOA (which I generally hate), but found out I had a great bunch of neighbors and the HOA is fine. Fun bunch of 70 and 80 year olds around here.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 30, 2015 11:47 PM GMT
    ^^^^^^ btw, I'm a geezer too.

    First things first, get that issue with the sump pump fixed. Do you have a battery back up if your power went out?
  • Guido4real69

    Posts: 87

    Sep 30, 2015 11:55 PM GMT
    freedomisntfree said^^^^^^ btw, I'm a geezer too.

    First things first, get that issue with the sump pump fixed. Do you have a battery back up if your power went out?
    I'm not sure . The sub pump is making weird noises . My uncle is going to look at it tomorrow .
  • Posted by a hidden member.
    Log in to view his profile

    Oct 01, 2015 12:39 AM GMT
    Guido4real69 said
    freedomisntfree said^^^^^^ btw, I'm a geezer too.

    First things first, get that issue with the sump pump fixed. Do you have a battery back up if your power went out?
    I'm not sure . The sub pump is making weird noises . My uncle is going to look at it tomorrow .


    SUMP

    If you have a high water table anyway and you're having heavy rains it might not hurt to figure it out now.
  • Guido4real69

    Posts: 87

    Oct 01, 2015 12:43 AM GMT
    freedomisntfree said
    Guido4real69 said
    freedomisntfree said^^^^^^ btw, I'm a geezer too.

    First things first, get that issue with the sump pump fixed. Do you have a battery back up if your power went out?
    I'm not sure . The sub pump is making weird noises . My uncle is going to look at it tomorrow .


    SUMP

    If you have a high water table anyway and you're having heavy rains it might not hurt to figure it out now.
    yes man I tried . I lifted it up and all the water went down but it still not working correctly .
  • Webster666

    Posts: 9217

    Oct 01, 2015 1:08 AM GMT
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .





    Well...............................at least you gave it a chance.


    (rolls eyes)


  • Posted by a hidden member.
    Log in to view his profile

    Oct 01, 2015 1:41 AM GMT
    Webster666 said
    Guido4real69 said
    tj85016 saidrent it out and move, rents are skyrocketing
    I wish it was that simple . It isn't . I been in the house for less then a week .





    Well...............................at least you gave it a chance.


    (rolls eyes)




    icon_rolleyes.gificon_rolleyes.gificon_rolleyes.gificon_rolleyes.gif

    First time I ever agreed with you