The Workermonkey

Monday, January 17, 2005

reason i need to leave my house number 1 

# posted by Supreme Monkey Overlord @ 1/17/2005 11:26:00 PM

1. i go to sleep when my dad wakes up. he generally passes out (he's not drinking but i refuse to call what he does falling asleeep) between 8 and 9 at night. there have been multiple occations where he wakes up for work at 3 in hte morning and i'm still watching TV or playing videogames or i'm just generally drunk.

2. seriously, i'm 23

3. a little (i don't want to call it jelously, cause he's my father) but my dad owned his first house at 21. i'm falling behind. Land never goes down in value. That’s the lesson.

4. I hate Word. I can’t fuigure out the numbering system they use instead of common sense. One day I’m going to crush mircosoft and name my product “Fuck Word”, it will be an obvious rip off of MS Word but it will function correctly.

5. I’ve started writing again! Rejoice. I have new ideas and thet final chapters of the so-called high school epic will one day come togeather and my dream will become a reality. With no help from anyone. Fuck you, it’s my book now. MuuuHaHaHaHaHaHa…..no, it won’t work, my plan for world domination still involves all of you. Damon, I know you hate defense, but you’re going to be secretary of it.

6. if you want to hear something youj haven’t heard in awhile, listen to The Offspring.

7. I haven’t kept any of the promeses to myself I made when I lot my job. I haven’t gottten in shape, I haven’t written 300 pages in the book, I have traveled the world, but that doesn’t count. The company has suffereed from my lose, theyn’ve been through two engineers since I left. I guess theyt have suffered from my leaving. I rock. I have inside information that they are doing worse since I left. That makes me feel good. Fuck’ um. They fired me and I’m costing them unemployment insurance and they are doing worse since I left. Again, I rock. I also haven’t lost one net pound.

8. the challenge. My father challenged me. If I know so much about comic books (I’ve successfully predicted the actual outcome of ach of the last few comic book movies) then I should be able to make some sort of profit from them. Fair enough. I have been right about what is going to happen to catwoman, electra, spiderman 2, and a few other comic movies. Its time to put my money where my mouth is. I still have an online stock brokerage account from freshman year of college, lowtrades.com, and its time I actually made money from it. Granted, after 5 years, I’ve finally made money off of my Dell stock. I know a lot about this industry, I’ve been following it for years. I guess its my hobby. If I’m so smart, why isn’t it paying off yet? I’ll get it, just wait.

9. I’ve been stone free for two weeks and its killing me. I love the weed, I love it, but I’m johnesing for a quick fix. I love weed, its killing me not to smoke. I’m replacing weed with drinking and its going to kill me. I’d rather drink 5 beers and smoke then drink 15 beers and pass out. It’s just healthier. Is this moral? Thanks GWB. Ok, mom’s up, time to stop. Which bring me to…..

10. I’m sick of parents butting in about whats good from me and whats not. Mom in sists I’ve had a bottle of wine, a six pack nad a few drinks. When I’ve only had a bottle of wine, 2 beers and a drink the size of somkething out of Cocktail.

4 comments

Times Have Changed: My dad bought land and built his own house when he was young too. And the thing about it is he never really had a "good" or highpaying job. But back then you could do it.

Just look at all the people you know. Many with masters or bachelors degrees. Who is on the road to owning there own home? What about the people that been working since they got out of highschool? Honestly i dont see how its possible the way prices are today.

I mean anything is possible, but are they really....

By  wyldshaman, at Tuesday, January 18, 2005 8:37:00 AM  

Actually Chump, I'm surprised that none of us own our own home. With interest rates as low as they are you could concievably afford a decent starter home. For example, I don't know if any of you know my old roomate Big Mike, but he owns his own home (a 4 bedroom, 2 bath) and its half a mile from uconn. His mortgage is 400 dollars a month. He rents the house out for 1600$ a month. Now I can't do the math in my head but his profit is roughly 600$ a month(100$ escrowed a month, each, for insurance and taxes). Now the best part is mike can write the full mortgage cost off his taxes because its an interest only mortgage ( he plans and reselling his home when property values rise. Most investers would tell you that income generating properties that you designate as primary residences are more effecient this way.)
In any case, there is no reason other than laziness and poor credit scores holding any of us from living in a house.
I think what really hold us back is the level of commitment a house carries. You have to much to lose if miss a payment, there are no maintanence crews, your stcuk there for at least five years if you hope to turn a profit.
What also might be holdiong some back is that they can't afford their dream home, so they are allowing property values to ever inflate while they 'save' up.
Really, though, tpo ever own a nicer home you gonna need to buy a starter home ( a euphimism for low income housing). 1. Banks are going to trust a first time home owner with the large mortgage needed to finance the home. 2. Owning a home is one the most effective forms of investment. Land rarely deflates its value (unless you exploit all the oil under it), Fixtures and the house it self will depreciate slower than inflation erodes the value of the dollar, and finally you can right off the interest on a mortgage for a primary residence. Add that to the general upward trend in home values (due to population growth, so your threat is war and disease).
Or build a home. My cousin Pat is 24 and he a foreman for a landscaping company. His wife works partime in a coffee shop. They have a 3 yr old kid. Their combined pre-tax income is under 36,000/yr. He just built a home in old lyme, Ct. With a building loan of 100,000$ he was able to build a 400,000 dollar home. The key, cheap labor. Only one person really needs to anything, everybody else works for the price of 30pack and a case of hotdogs (if you have an irish family that is ).

By  NoBrainRequired, at Tuesday, January 18, 2005 9:42:00 AM  

big mike got some $$ from an unfortunate tragety. i think all of us would rather not own a home than collect on life insurance. jesse said it right, times are changing. with the exception on tim, people are marrying late and getting more education. (even tim married late, my parents were married at 20!) its wrong to compare your world to your dad's and expect to follow in his steps. more older post grads and 21-30 year olds are living at home these days than ever.

By  ron, at Tuesday, January 18, 2005 11:02:00 AM  

while i was working i had started looking at houses, but then the job ended and that went out hte window. one of hte best thing any of us can do while we're young is buy a house. tim's right about being stuck there for 5 years. and if i had wanted to build one from the ground up, you'd all be suckered into doing work on it. losts of keg parties at an unfinished house. i'd try to bribe you all with beer.

By  Supreme Monkey Overlord, at Tuesday, January 18, 2005 2:12:00 PM  

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