# Pros vs. Cons - Buying a house with someone
**URL:** https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678
**Category:** NYSpeed Off Topic
**Created:** [January 21, 2009, 9:55am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678 "2009-01-21T09:55:48Z")
**Posts on this page:** 20
**Page:** 4
### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [January 21, 2009, 6:43pm UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/61 "2009-01-21T18:43:22Z")
Like this isn’t yet another thread about being a prima donna…
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### Author:  [@2TurboZ](https://forums.speedlife.net/u/2TurboZ)
#### Post date: [January 21, 2009, 6:46pm UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/62 "2009-01-21T18:46:00Z")
transparency reigns supreme
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### Author:  [@BOBBYGRV](https://forums.speedlife.net/u/BOBBYGRV)
#### Post date: [January 21, 2009, 6:46pm UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/63 "2009-01-21T18:46:10Z")
> [@TORQDSS](#):
>
> BECK… don’t do it, unless it’s your wife.
even then your still fucked and your not even guaranteed vagine every night.
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### Author:  [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)
#### Post date: [January 21, 2009, 9:29pm UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/64 "2009-01-21T21:29:50Z")
> [@Beck](#):
>
> this has nothing to do with my new job. i’ve been doing this for months. i’d like to get into something, **before the economy turns around.**
Well IMHO this is a bad time. The probability of a bear cycle setting in by year end is high as I see it. If we don’t get a bear cycle I fear the hyper inflation and even bigger crash to come. I mean are the coming job cuts and lending defaults already priced in? Maybe, but I’m betting no. I feel further deflation is probable…well not fear as it would be EXTREMELY beneficial.
And I 2nd all the peeps saying real bad idea. For all the reasons already mentioned basically.
Good luck tho.
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### Author:  [@Violator](https://forums.speedlife.net/u/Violator)
#### Post date: [January 21, 2009, 9:38pm UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/65 "2009-01-21T21:38:31Z")
professionally prepared contract if you even consider this
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### Author:  [@lightningbolt444](https://forums.speedlife.net/u/lightningbolt444)
#### Post date: [January 21, 2009, 9:57pm UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/66 "2009-01-21T21:57:29Z")
> [@Beck](#):
>
> fuck yeah. i’d be retarded not to.
>
> do you know how much my cell phone bill is? because, i don’t.
I understand you letting your rents do this who wouldnt HOWEVER how can you even think of buying a house with or without someone if your not even paying your own cell phone bill. Now when you get your own house you have, Insurance, Maybe car payment, electric, cable, water, mortgage, sewage, garbage o and cell phone bill 😉 theres more than this Plus ANYTHING that happens is your responsibility What if your furnice went right now its not like you can wait at all to replace it. If you have 25 k saved used 20k nevver know whats going to happen not to mention closing costs on a house. Im not saying your not ready or you shouldnt i would however take small steps to aviod a potentailly life changing mistake if you default on your mortgage this young your going to spend half your life getting your credit back in line. Defintly NO to getting it with someone else though if you are set on buying Now buy something smaller thats a little cheaper outfit it how you want it and have more cash to do things (not that i know your financail situation at all just a generalization )
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### Author:  [@dmoffitt](https://forums.speedlife.net/u/dmoffitt)
#### Post date: [January 21, 2009, 9:58pm UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/67 "2009-01-21T21:58:45Z")
1 buys / 1 rents
/thread
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### Author:  [@9ONA3OOZX](https://forums.speedlife.net/u/9ONA3OOZX)
#### Post date: [January 21, 2009, 10:31pm UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/68 "2009-01-21T22:31:18Z")
Prime is at 3.25% i believe…lowest it’s been in 3945793457934 years…and i wouldn’t wait for it to start rising back up…take advantage of now being an amazing time to borrow and just get it on your own. most places are offering prime +.25% all the way down to prime -.1% or something like that…
find a few people to rent from you and the mortgage payments will be taken care of.
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### Author:  [@Minglor](https://forums.speedlife.net/u/Minglor)
#### Post date: [January 22, 2009, 5:16am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/69 "2009-01-22T05:16:48Z")
> [@90NA300ZX](#):
>
> Prime is at 3.25% i believe…lowest it’s been in 3945793457934 years…and i wouldn’t wait for it to start rising back up…take advantage of now being an amazing time to borrow and just get it on your own. most places are offering prime +.25% all the way down to prime -.1% or something like that…
>
> find a few people to rent from you and the mortgage payments will be taken care of.
I think you may have dropped a one off prime.
closer to 4.25% last I heard but could have changed
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### Author:  [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)
#### Post date: [January 22, 2009, 5:20am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/70 "2009-01-22T05:20:41Z")
> [@Fry](#):
>
> Like this isn’t yet another thread about being a prima donna…
> [@2TurboZ](#):
>
> transparency reigns supreme
lol
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [January 22, 2009, 5:43am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/71 "2009-01-22T05:43:18Z")
> [@TradersBASE](#):
>
> Well IMHO this is a bad time. The probability of a bear cycle setting in by year end is high as I see it. If we don’t get a bear cycle I fear the hyper inflation and even bigger crash to come. I mean are the coming job cuts and lending defaults already priced in? Maybe, but I’m betting no. I feel further deflation is probable…well not fear as it would be EXTREMELY beneficial.
>
> And I 2nd all the peeps saying real bad idea. For all the reasons already mentioned basically.
>
> Good luck tho.
Looks like cubancrisis is back and has dropped his gig at boeing to be a trader :mamoru:
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### Author:  [@POOPRA](https://forums.speedlife.net/u/POOPRA)
#### Post date: [January 22, 2009, 7:05am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/72 "2009-01-22T07:05:30Z")
when you do decide to buy call my mom
[http://www.rosalieanddiane.com](http://www.rosalieanddiane.com)
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### Author:  [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)
#### Post date: [January 22, 2009, 7:15am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/73 "2009-01-22T07:15:36Z")
> [@walter](#):
>
> Looks like cubancrisis is back and has dropped his gig at boeing to be a trader :mamoru:
I musta missed something. 😕
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### Author:  [@9ONA3OOZX](https://forums.speedlife.net/u/9ONA3OOZX)
#### Post date: [January 22, 2009, 7:24am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/74 "2009-01-22T07:24:58Z")
> [@Minglor](#):
>
> I think you may have dropped a one off prime.
> closer to 4.25% last I heard but could have changed
As of today, prime rate is 3.25. We’re currently offering prime minus .01 on loans over 75k and prime plus .25 for anything 5O to 75k
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### Author:  [@Xander](https://forums.speedlife.net/u/Xander)
#### Post date: [January 22, 2009, 8:03am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/75 "2009-01-22T08:03:57Z")
Sounds to me like you can’t afford to do it on your own, otherwise you would.
X…
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### Author:  [@Viper966](https://forums.speedlife.net/u/Viper966)
#### Post date: [January 22, 2009, 8:09am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/76 "2009-01-22T08:09:53Z")
You do realize that you will be a HUGE credit risk in the eys of a mortgage underwriter?
your fico doesnt really mean anything… your JOB is based in a failing industry, and you havnt been in the seat long enough… most mortgage people want you to be in your current job for \>1 year and not in an industry that is constantly closing locations etc
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### Author:  [@LZ1](https://forums.speedlife.net/u/LZ1)
#### Post date: [January 22, 2009, 8:16am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/77 "2009-01-22T08:16:36Z")
> [@Viper966](#):
>
> You do realize that you will be a HUGE credit risk in the eys of a mortgage underwriter?
>
> your fico doesnt really mean anything… your JOB is based in a failing industry, and you havnt been in the seat long enough… most mortgage people want you to be in your current job for \>1 year and not in an industry that is constantly closing locations etc
:mamoru:
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### Author:  [@theblue](https://forums.speedlife.net/u/theblue)
#### Post date: [January 22, 2009, 9:15am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/78 "2009-01-22T09:15:08Z")
shouldn’t be an issue – just tell them you want a NINJA loan, the bank will know what you’re talking about.
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### Author:  [@Viper966](https://forums.speedlife.net/u/Viper966)
#### Post date: [January 22, 2009, 10:03am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/79 "2009-01-22T10:03:37Z")
> [@theblue](#):
>
> shouldn’t be an issue – just tell them you want a NINJA loan, the bank will know what you’re talking about.
Thats true… my friend got a Federal Subsidized Ninja loan for like 3.25% on a 250k house and his payment is only like 700 bux a month
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### Author:  [@Pauly](https://forums.speedlife.net/u/Pauly)
#### Post date: [January 22, 2009, 10:03am UTC](https://forums.speedlife.net/t/pros-vs-cons-buying-a-house-with-someone/61678/80 "2009-01-22T10:03:57Z")
Just tell them you want the- I’m a white hendricks loving east amherst punk, that lives in my parents basement, and want 250k for a house loan.
They’ll understand
or maybe the look at me look at me loan
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