Quote: (08-20-2013 04:12 PM)jimukr104 Wrote:
Ok I am GOING to make a few comments here and there..nothing discounting what you said.
I agree bit with Worldwide.
For adults having a roommate doesn't work. To be honest I don't know one guy who ever had a roommate situation that was ideal and when they are close to ideal you end up losing the roommate anyway. Ok for guys in thier early maybe mid 20's though.
Buy a home??WRONG.Buying a home to live in isn't a good investment. Almost every financial investor agrees. In some markets after the bubble(Ls Vegas,Florida) it was cheaper to own but in most 1st tier cities it is NOT.
That whole you are paying your self BS line is just that. In most charts unless you are staying in the same home about 10 years ...you will lose money.You also lose money by not having it available to invest someplace else.
Second.... on average in most areas home appreciation barely beats inflation... you can take the money and earn more in other investments.
third.... A single person will rent a small flat. If you buy you end up either in a condo with high fees or a large house with large bills. Its not like you are moving from your 1 bedroom into a 1 bedroom home.It ends up being an upgrade that costs more.
I concur...
If you get more ass than your room-mate, then its only a matter of time before he becomes a Hate-mate. Even your own family, you get older and you realized that they have a lot bitch ways about them.
Not to hijack your thread but my 2 centavos for success for young NYC pups. Remember, there are no short cuts.
1. Stay at your moms house and stack your paper.
My first few years living alone I actually got less bangs that I did when I was living at my momma's crib. The reason? having your own place in Brooklyn is expensive even if you live in the guetto. So, I had less disposable income and
time to be out there chasing 'em hoes. Plus because of the great recession, 18-25 crowd aren't really going to penalized you for living at the your parents because chances are they do too.
2. Get nice used car that has a roomy interior.
You can just park around the corner from the club and get your fuck on. Plus, you'll save a ton on motel fees.
3. Stick to CUNY(public university).
Start at their community colleges and then transfer to their 4 year schools. Even if you are paying full boat without financial Aid, your total expenses going to be about 5k-10k for a bachelor. Unless you got into Columbia or Cornell don't even waste your money on private colleges.
4. If you have a choice between entry level fast food job or retail, pick fast food. At least with fast food, food is free. That's at least 10 bucks you saving a day. Also, hours are easier to come by than retail because of high turn over. Get 2 jobs if you need so you can clear at least 19k a year(more on this later)
5. Apply to every single civil service job in the tri state area.
Buy "The Chief" newspaper every Monday. That's the paper that has every single civil service job in the tri state area. Apply for everything even if you aren't interested in the work. Sewer worker, mailman, police, fire department, etc.
6. Once you make around $20,000 a year, apply for low income housing lottery.
Now you hear "low income housing" you thinking projects with Brothas walking around with Du rags, piss on the hallways and shootings. Nah, NYC govt is moving away from public housing and embracing what they call 80/20 housing and Mitchell Lama developments. Basically NYC promises tax breaks to developers and streamline construction permits if they reserve 20% of their units for low income people. This is the only way that anything gets built in the NYC.
http://www.nyc.gov/html/hpd/html/apartme...ries.shtml Your rent should be in 500 bucks for a 1 bed room.
7. 4+ years later Once you have your degree; the civil service jobs should be calling you by now for processing.
pick any career that pays by overtime rather than salary. Keep stacking your paper, you are almost there.
8. Check NYC's Department of Housing development for home owning opportunities.
They have quite a few first time home owners programs out there regardless what Fox News says. Get a multi family(2+ family plus basement) regardless of area provided that is near the subway. You have to live there 10 years before you can sell. Rent the two apartments and "move" into the basement. You can still keep your subsided 500 buck apartment or sublet it on the low. Personally I would keep it as a smash pad.
9. After you done all of the above, you should be close to 30.
You have your own crib, money in the bank, debt free degree, superb job security and light speed ahead of your competition. If you need reassurance, go get your HS year book and plug in the names of your peers on Facebook or equivalent and see what they are up to.
Sure, there's nothing wrong with having an online hustle and hoping to be the next Zuckerberg or Mark Cuban but let's face it, the odds are that's not going to happen regardless of how many self help books you read.