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[Muffdraul]

Would

Spoiler

...buy a house if I could.

 

[staticneuron]

hey neogaf lets pool all of our money and buy detroit.

What shall we rename it?

New GAF City.

"Mom gave me my first vassals for my birthday! Becky's so jealous. She has to wait until she's 16!"

Bravo! Perfect caption.

 

[chicko1983]

crazy, you'd be lucky to find a 2 bedroom home for less than $200,000 in any part of any city in Australia.

I am currently looking for two bedroom units at around $300-315k in the smallest city in Australia.

Respect to the girl and her family and good luck to her.

Also, I had about $5,000 in a bank account by the time I was 14.
Birthday and Christmas presents made up the bulk of it. Then there was boundary umpiring football matches my brother played in $20 a game for about 20 games a year. I was doing that from the age of about 10. The thing was, I could not withdraw it and it was only a savings account since I was born.

 

[Machine]

Just wait until her tenants stop paying their rent and trash the place then become abusive pricks when she tries to have them evicted. It won't seem like a good idea for a 14 year old then. I've seen this happen with much older and experienced people when they try to own and operate rental housing. Then she'll find out they have no money so the judgment she obtained against them is worthless.

 

[Nemo]

Neo Detroit.

This

 

[phillipgessert]

And, here folks, is your typical white trash family with their shitty home.

Dude, where the fuck do you get off?

 

[Amakusa]

Nice house Sir

Thank you, glad I wasn't the only one.

 

[Korey]

Why are some people judging the tenants? By how they look? They could be very nice people for all you know

 

[Pterion]

Why are some people judging the tenants? By how they look? They could be very nice people for all you know

thisisneogaf

 

[DMeisterJ]

If her property taxes are assessed at the value of the house before the forclosure sale (100,000) then her taxes are around 500 a month.

Why would she be taxed on the historical cost of the house? Wouldn't it be taxed at it's fair value?

 

[Plywood]

hey neogaf lets pool all of our money and buy detroit.

You joke but Detroit is only the beginning!

 

[Az]

Small Florida home, taxes and insurance costs her probably around $150-200 a month. If so...

 

[Costcosaurus]

She's off to a great start in her life, and all the best to her and her future!

 

[Wildesy]

crazy, you'd be lucky to find a 2 bedroom home for less than $200,000 in any part of any city in Australia.

You clearly haven't spent much time in the country (country as in rural areas). You could easily get a 2 bedroom house for under 200k in my hometown. Probably get 100 acres thrown in for that price.

 

[cuevas. PhD.]

That's Skid Dogg and Lil Weezie

Don't you be hatin because you don't have a $12,000 house

What's the guys name?

 

[xbhaskarx]

hey neogaf lets pool all of our money and buy detroit.

The problem with that is as people continue to leave Detroit in droves, the demand for housing only goes down more, so it would probably be worth even less money in the future.

 

[marrec]

Why would she be taxed on the historical cost of the house? Wouldn't it be taxed at it's fair value?

Depends on what the city considers fair value, I don't know how foreclosures are assessed. *shrug*

 

[Staccat0]

Wait... wat?

 

[Razgriz-Specter]

Wait...what? $12,000? Really? Holy shit, I'd be lucky to find a place in my city for under $600,000, close to the city probably $900,000.

We got a $350,000 home for $100,000 1 1/2 years ago, in a really nice area(keep in mind its Alabama though) all the non sold houses in the neighborhood were dropping 15K a month. some got as low as 65K

 

[Amagon]

Pretty much

 

[Speedymanic]

Tenants look like drug fiends.