Finally talked to a realtor today about some of the listings I was considering cashing out sometime roughly between 12 to 36 months from now. He was confused why anybody was inquiring about the listings, actually, especially since there were pictures of the properties in as bad shape as they were. What are you going to DO with these properties exactly?? wondering why someone would choose to buy properties that had NO demand whatsoever and therefore were that affordable- since obviously liability comes to mind. I briefly went into detail about how the last apartment I rented was so horrible that my parents were terrified and smothered me afterwards. (Its funny that even a realtor for some pretty run down projects was as stunned as I was when I told him how I paid $1,295 a month to live there, even though the people who used to squat there who put the tenants in the hospital were never convicted.) I basically told him after he called me on the phone, Look, in the current realty climate, right after the bubble burst, you obviously need SOME help from either parents or a spouse in finding a place to live if you dont have the title to one already. Either that or you have to rent, but since I brought up that my K-12 education was so horrible and negligent that I didnt get most of the required vocational training or experience in high-school, that gave me no credit through so much of my 20s so that about the only place that would rent to me would be a tenement that gouged me for the rent and exploited me in that way. If I cant get approved for a home loan or financing, Im just going to have to settle for a place to live that I can cash out. The pros: 1) Im not renting with a bunch of other people who are struggling in the other units. If someone comes along whos violent and/or on crack and I have to stand up for myself, Im in a position where if and when I have to be the plaintiff at an arraignment, the police, judge, and jury are going to be scrutinizing only me, which is exactly what I want!! That way, I dont have to deal with violence in an overdeveloped and gentrified area and being one person out of a dozen or 24 or so in a building where people are going to be, Hey! Look how desperate and poverty-stricken and destitute all these people are! Three quarters or the tenants in the building are sleazy so they all must have been asking for it! 2) Im not attached to a significant other of any kind right now, so clearly I dont have to be concerned about how a partner would feel or their safety, since I dont know anybody well enough for them to move in with me and stay in the same bed as me! 3) I dont have any children/dependents, so obviously if the areas got problems with the quality of living and the general public safety or gangs, etc., it cant really be that much worse than what Id already been through before. On top of that, if I cash it out, if I assume the liability for the place, the benefit is that having the actual title clearly in my own name would totally help boost up my credit score in and of itself way more than its already at now. The realtor said, Sounds like you have a pretty good plan right there. Anyway, he offered to send me some forecasts for the real-estate. I did tell him that I really needed to move out of my parents with no money to afford to pay off a loan in this realty climate and he understood. He did send some my way, because I was wondering if the prices for the properties were just the down, or if they were rentals, etc.. Hopefully, he understood that I was trying to get on my own two feet. As long as I can have my name on either a title or a lease and thats on paper with the rest of the history of my net-worth that establishes me as someone who actually exists, and as long as I can work ANYWHERE for at least 20 hours a week for the regulated minimum wage (hopefully 30 if a region doesnt have many openings for 40 hours/week shifts), then Im fine with that. Theres just nothing good in waiting for all these lavish expenses to fall out of the sky to get something in the median when thats going to give me an aneurysm trying to do that. Anyway, Im being proactive and doing what Im capable of with the means that I have to establish myself. Thats essential to my self-respect and Im happy that I can prioritize that and put aside things that are less pressing than basically establishing myself. Ive established myself academically and made my mark in that way two or three years ago with all the volunteering and club positions I took and all the academics I excelled at. This year or two the theme in that academic/vocational spectrum of my life has changed from being one of the non-financial SKILLS that establish me and certify who I am, into actually establishing how I make my own solid income independent of whatever I may or may not get from school, parents, lenders, etc.. Im very happy that Im so proactive and Im able to make creative and challenging decisions so well this week!
Posted on: Thu, 28 Aug 2014 03:03:56 +0000
Trending Topics
Recently Viewed Topics
© 2015