relocating to CHICAGO...help me think through my housing options - Page 2

guiseppewv · 09-28-2009, 07:47 AM

Sorry I didn't see this until now!

Congrats, Cheapie, on the new job!

Congrats, Ray, on the new job!

As far as the rent or buy dilemma, I would rent. It is going to be more of a hassle to buy now and then sell later.

cheapie · 09-28-2009, 10:22 AM

pretty much the only reason i'd buy over renting is the tax deduction i'd by buying. that's quite a bit. and the payments would be lower.

smeakim · 09-29-2009, 08:14 AM

Congrats Cheapie..... Well if I ever make it up to my parents house with my bike in Milwaukee we will have to meet for a ride. Also they have some pretty nice bike tours (road) in Wisconsin.

DarkFury · 09-29-2009, 04:56 PM

Grats on the new job...

For me personally, I'd probably rent if I were only gonna be there for 2 years. Too many hassles with owning just to pull up stakes and move again in such a short period of time.

Markel · 10-02-2009, 08:37 PM

A few years back if you sold your house you only had a number of months (something like 18) to purchase another house or you would face capital gains on the difference between the purchase and selling price of your house (minus costs for improvements). I'm not sure if that's still the case, but if it is it would make buying another house a more attractive option.

guiseppewv · 10-02-2009, 09:45 PM

Quote:

Originally Posted by Markel

A few years back if you sold your house you only had a number of months (something like 18) to purchase another house or you would face capital gains on the difference between the purchase and selling price of your house (minus costs for improvements). I'm not sure if that's still the case, but if it is it would make buying another house a more attractive option.

This is only true if you made a gain on a primary or secondary house AND you did not own the house for more than 2 of the last 5 years. If you owned the house for 2 of the last 5 years and you didn't sell a primary or secondary house in the last 2 years for a gain then you don't have to pay taxes on the gain from the sale. I am pretty sure Cheapie meets these qualifications for his current house.

clutchy · 10-02-2009, 11:26 PM

^ up to $500,000 gain is not payed if MFJ.

guiseppewv · 10-03-2009, 10:42 AM

Good point. I failed to state that. Thank you!

cheapie · 10-06-2009, 09:44 AM

well, it's official. i passed the drug and background checks so i'm in! woohoo!

clutchy · 10-20-2009, 02:10 PM

nice! I told you the cranberry juice would work

Markel · 10-21-2009, 06:02 PM

One nice thing about this move: you have a perfectly good excuse to no longer be a Lions fan. Welcome to BEARS country!

attgig · 10-22-2009, 11:19 AM

I thought you were juicing for your rides. I guess the french didn't conduct the drug tests?

attgig · 10-22-2009, 11:20 AM

Quote:

Originally Posted by Markel

One nice thing about this move: you have a perfectly good excuse to no longer be a Lions fan. Welcome to BEARS country!

I thought he was a colts fan. and he's moving to the fake home of the colts in a couple years too... (here being the real home of the colts

)

cheapie · 10-22-2009, 05:21 PM

hahaha. nice. and yeah, i'm a big colts fan.

btw, anyone want to buy my house? went on the market today. as a special G|A deal, i'll leave the snowblower for you.

http://www.7656harvestln.epropertysites.com/

DarkFury · 10-22-2009, 05:40 PM

Quote:

Originally Posted by attgig

I thought he was a colts fan. and he's moving to the fake home of the colts in a couple years too... (here being the real home of the colts

)

Stop yer cryin'..

cheapie · 12-07-2009, 06:42 AM

SOLD! now i just need to find someplace to live. they want to close by the 15th!

ShawnLee · 12-07-2009, 06:36 PM

Nice. Congrats! I didn't notice this thread till now. Real life sucks you away that way, I guess.

Time to send the kids to the grandparents?

attgig · 12-08-2009, 09:26 AM

so, chicago now, and indy a couple years later?

I'm guessing you're going to need to find some temporary housing first, huh?

nate el bueno · 12-09-2009, 08:31 PM

um. You might want that snow blower still

nate el bueno · 12-09-2009, 08:35 PM

Quote:

Originally Posted by clutchy

nice! I told you the cranberry juice would work

Damn! I had to spend 80 bucks!...

Daedalus · 12-09-2009, 09:55 PM

Best of luck Cheapie. Here's to bright horizons.

guiseppewv · 12-10-2009, 06:28 AM

Glad to hear you sold your other house!

clutchy · 12-13-2009, 05:50 PM

Quote:

Originally Posted by nate el bueno

Damn! I had to spend 80 bucks!...

hehe

Did you see this Markel?!? ^^

btw grats Cheapie

Markel · 12-13-2009, 08:55 PM

Quote:

Originally Posted by clutchy

Did you see this Markel?!?

faither · 12-15-2009, 11:58 AM

Congratulations, Cheapie. On the new opportunity and having sold your house.

cheapie · 12-15-2009, 04:48 PM

yup. at this moment i have more in the bank than i ever have and am completely debt-free. of course that will change the moment we find a new place.

kimchicowboy · 12-17-2009, 03:51 PM

congrats cheapie! i hope moving south makes thing a little warmer for you!

cheapie · 12-17-2009, 04:10 PM

wish i was moving south. chicago is about the same latitude as kalamazoo so i won't be moving south. i won't have as much snow (i love snow) but i'll have more sunshine which will be sweet.

clutchy · 12-17-2009, 09:21 PM

more sunshine? You can't be serious?!? I lived in chicago for 14 years and it was everything but sunny...

i love and miss that place though. Great place to grow up.

cheapie · 12-17-2009, 09:27 PM

yup. chicago has a 54% chance of being sunny on a given day. grand rapids (just north of kalamazoo) has a 46% chance.

still not great but better at least!

09-28-2009, 10:22 AM	#32
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	pretty much the only reason i'd buy over renting is the tax deduction i'd by buying. that's quite a bit. and the payments would be lower. __________________ 70% of the world is covered by water. The rest is covered by Bob Sanders

09-29-2009, 04:56 PM	#34
DarkFury Secretary of the Navy Join Date: Feb 2001 Location: Chillin' N Da 'Hood Posts: 34,997	Grats on the new job... For me personally, I'd probably rent if I were only gonna be there for 2 years. Too many hassles with owning just to pull up stakes and move again in such a short period of time. __________________ DarkFury's Pimptopia - Don't Hate the Playa, Hate the Game! Home of the Original OG Pimp (accept NO imitations)

10-02-2009, 08:37 PM	#35
Markel Chief of Naval Operations Join Date: Feb 2001 Posts: 11,733	A few years back if you sold your house you only had a number of months (something like 18) to purchase another house or you would face capital gains on the difference between the purchase and selling price of your house (minus costs for improvements). I'm not sure if that's still the case, but if it is it would make buying another house a more attractive option. __________________ stay low... keep moving...

10-02-2009, 11:26 PM	#37
clutchy Rear Admiral Lower Half Join Date: Dec 2000 Location: Yucaipa, CA Posts: 2,863	^ up to $500,000 gain is not payed if MFJ. __________________ LK was treated unfairly thanks X

10-22-2009, 11:19 AM	#42
attgig Chief of Naval Operations Join Date: Jun 2000 Location: the burbs of baltimore Posts: 11,924	I thought you were juicing for your rides. I guess the french didn't conduct the drug tests? __________________

09-28-2009, 07:47 AM	#31
guiseppewv Admiral Join Date: Nov 2001 Location: East coast Posts: 7,116	Sorry I didn't see this until now! Congrats, Cheapie, on the new job! Congrats, Ray, on the new job! As far as the rent or buy dilemma, I would rent. It is going to be more of a hassle to buy now and then sell later.

09-29-2009, 08:14 AM	#33
smeakim Lieutenant Commander Join Date: Jun 2000 Location: CO Posts: 690	Congrats Cheapie..... Well if I ever make it up to my parents house with my bike in Milwaukee we will have to meet for a ride. Also they have some pretty nice bike tours (road) in Wisconsin.

10-03-2009, 10:42 AM	#38
guiseppewv Admiral Join Date: Nov 2001 Location: East coast Posts: 7,116	Good point. I failed to state that. Thank you!

10-06-2009, 09:44 AM	#39
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	well, it's official. i passed the drug and background checks so i'm in! woohoo!

10-20-2009, 02:10 PM	#40
clutchy Rear Admiral Lower Half Join Date: Dec 2000 Location: Yucaipa, CA Posts: 2,863	nice! I told you the cranberry juice would work

10-21-2009, 06:02 PM	#41
Markel Chief of Naval Operations Join Date: Feb 2001 Posts: 11,733	One nice thing about this move: you have a perfectly good excuse to no longer be a Lions fan. Welcome to BEARS country!

10-22-2009, 05:21 PM	#44
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	hahaha. nice. and yeah, i'm a big colts fan. btw, anyone want to buy my house? went on the market today. as a special G\|A deal, i'll leave the snowblower for you. http://www.7656harvestln.epropertysites.com/

12-07-2009, 06:42 AM	#46
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	SOLD! now i just need to find someplace to live. they want to close by the 15th!

12-08-2009, 09:26 AM	#48
attgig Chief of Naval Operations Join Date: Jun 2000 Location: the burbs of baltimore Posts: 11,924	so, chicago now, and indy a couple years later? I'm guessing you're going to need to find some temporary housing first, huh?

12-09-2009, 08:31 PM	#49
nate el bueno Spawn of Markel Join Date: Jan 2005 Location: IL Posts: 1,246	um. You might want that snow blower still

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12-09-2009, 09:55 PM	#51
Daedalus Lieutenant Commander Join Date: Dec 2002 Posts: 824	Best of luck Cheapie. Here's to bright horizons.

12-10-2009, 06:28 AM	#52
guiseppewv Admiral Join Date: Nov 2001 Location: East coast Posts: 7,116	Glad to hear you sold your other house!

12-15-2009, 11:58 AM	#55
faither Rear Admiral Upper Half Join Date: Nov 2000 Location: FL Posts: 3,240	Congratulations, Cheapie. On the new opportunity and having sold your house.

12-15-2009, 04:48 PM	#56
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	yup. at this moment i have more in the bank than i ever have and am completely debt-free. of course that will change the moment we find a new place.

12-17-2009, 03:51 PM	#57
kimchicowboy Admiral Join Date: May 2000 Location: in the middle of the pacific ocean Posts: 5,344	congrats cheapie! i hope moving south makes thing a little warmer for you! __________________ "I pick my nose too but never eat it." - bachviet, 3/30/04 if anyone wants to go scuba diving in oahu or wants to learn who to scuba dive in oahu, PM me.

12-17-2009, 04:10 PM	#58
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	wish i was moving south. chicago is about the same latitude as kalamazoo so i won't be moving south. i won't have as much snow (i love snow) but i'll have more sunshine which will be sweet.

12-17-2009, 09:21 PM	#59
clutchy Rear Admiral Lower Half Join Date: Dec 2000 Location: Yucaipa, CA Posts: 2,863	more sunshine? You can't be serious?!? I lived in chicago for 14 years and it was everything but sunny... i love and miss that place though. Great place to grow up.

12-17-2009, 09:27 PM	#60
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	yup. chicago has a 54% chance of being sunny on a given day. grand rapids (just north of kalamazoo) has a 46% chance. still not great but better at least!

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