***CRIMSON RED DAILY THREAD***

[cbbama99]

In case 3.5 miles is just too far away. 

For some reason, I don't think all the photos are equal, but I can't put my finger on why ....

[BAMAWV]

I'm in a discussion/argument with a drilling buddy about the financial advantages/disadvantages of buying versus leasing (renting) a place for kids away from home in school. His home is in Michigan. He has 2 boys in school at Michigan State so their situation is somewhat the same as ours. More than one kid needing an apt. or house to rent or buy.

My argument against buying is the same one that you see often used by folks thinking about buying their first home. This is, more times than not,  first time homeowners. I have always argued that if you are not prepared to keep the house 10 years or more, than you are better off renting. Given that first time house buyers are generally younger, I would anticipate job changes, new babies, etc., that may require a change before 10 years. In my friends (mine as well) example, his boys will soon graduate and move to "who knows where" before 10 yrs. is up, even though my friend has his PhD (math major). They will most likely attend grad school.

Also as a point against buying a "crash pad" for the kids is that the woman and I have no interest in becoming a landlord once the kids graduate. This discussion was really a hot topic when there was a strong chance we would have 4 kids in Morgantown at the same town. I am hoping one of you Gumps may have had the same kitchen table beer summit and have things to add.

[2Stater]

I'm in a discussion/argument with a drilling buddy about the financial advantages/disadvantages of buying versus leasing (renting) a place for kids away from home in school. His home is in Michigan. He has 2 boys in school at Michigan State so their situation is somewhat the same as ours. More than one kid needing an apt. or house to rent or buy.

My argument against buying is the same one that you see often used by folks thinking about buying their first home. This is, more times than not,  first time homeowners. I have always argued that if you are not prepared to keep the house 10 years or more, than you are better off renting. Given that first time house buyers are generally younger, I would anticipate job changes, new babies, etc., that may require a change before 10 years. In my friends (mine as well) example, his boys will soon graduate and move to "who knows where" before 10 yrs. is up, even though my friend has his PhD (math major). They will most likely attend grad school.

Also as a point against buying a "crash pad" for the kids is that the woman and I have no interest in becoming a landlord once the kids graduate. This discussion was really a hot topic when there was a strong chance we would have 4 kids in Morgantown at the same town. I am hoping one of you Gumps may have had the same kitchen table beer summit and have things to add.

Given that none of my kids wanted to work and live in the town where they attended college, renting was a no-brainer for us/them. We did, however, buy a house for our youngest daughter, that she pays for, and is hers contingent upon whether or not she stays in it.

Your point is valid, it makes no sense to buy unless their long-term plans include living there at least 8-10 years.

[BAMAWV]

I'm in a discussion/argument with a drilling buddy about the financial advantages/disadvantages of buying versus leasing (renting) a place for kids away from home in school. His home is in Michigan. He has 2 boys in school at Michigan State so their situation is somewhat the same as ours. More than one kid needing an apt. or house to rent or buy.

My argument against buying is the same one that you see often used by folks thinking about buying their first home. This is, more times than not,  first time homeowners. I have always argued that if you are not prepared to keep the house 10 years or more, than you are better off renting. Given that first time house buyers are generally younger, I would anticipate job changes, new babies, etc., that may require a change before 10 years. In my friends (mine as well) example, his boys will soon graduate and move to "who knows where" before 10 yrs. is up, even though my friend has his PhD (math major). They will most likely attend grad school.

Also as a point against buying a "crash pad" for the kids is that the woman and I have no interest in becoming a landlord once the kids graduate. This discussion was really a hot topic when there was a strong chance we would have 4 kids in Morgantown at the same town. I am hoping one of you Gumps may have had the same kitchen table beer summit and have things to add.

Given that none of my kids wanted to work and live in the town where they attended college, renting was a no-brainer for us/them. We did, however, buy a house for our youngest daughter, that she pays for, and is hers contingent upon whether or not she stays in it.

Your point is valid, it makes no sense to buy unless their long-term plans include living there at least 8-10 years.

I use 10 years arbitrarily as a guesstimate for recovering all the peripheral costs of buying-- closing costs, property taxes, maintainance, etc. These costs are added before the monthly rent comes into play, and may never be recovered unless you can sell for more than you paid. My drilling buddy is insisting that what you can gain over time is value added to the house in upgrades and repairs. He says you gain constantly because of free labor. Our kids are fairly good at these things and I expect that to be true. But if you have to rent to strangers after the kids graduate, all that "good care" will be lost inside a couple years. Another issue I brought up today was that the composition of a college town neighborhood can change dramatically (for the worst or the better) in 10 years time adding another degree of risk to ownership.

[BAMAWV]

"Good Morning"

<a href="http://www.youtube.com/watch?v=TWwBdY1Yglg" target="_blank">http://www.youtube.com/watch?v=TWwBdY1Yglg</a>

[Chechem]

"Good Morning"

"Good morning."

The cat video was fun, right up t the advertisement asking for my vote. 

[BAMAWV]

Sipsey Wilderness, Bama-- water trickles off rock shelf-- note two trees on edge of formation!

[Chechem]

Sipsey Wilderness, Bama-- water trickles off rock shelf-- note two trees on edge of formation!

I camped there (near the "waterfall") in 1976, and have a photo of it on my wall at work.  Funny.  
There used to be a HUGE Tulip Poplar in the valley below the waterfall.

[Chechem]

Here is one of the photos from then (1976).  We are standing right under the "waterfall" (low flow that day).

[2Stater]

Here is one of the photos from then (1976).  We are standing right under the "waterfall" (low flow that day).

And I bet your still that thin, right? 

[cbbama99]

Just saw an ad on the left of the screen wanting me to join Michelle Obama and say that I am all in for the BHO-Biden ticket. Someone better not let WV see that, or he might have a meltdown of epic proportions.

[SUPERCOACH]

If you see it again, see if it tells you what website it will go to.  If I know the website I can ban them.  I already banned Romney a while ago, but I haven't seen any ads for Obama yet.

[Chechem]

Here is one of the photos from then (1976).  We are standing right under the "waterfall" (low flow that day).

And I bet your still that thin, right? 

You're killing me.

[Chechem]

"Good morning."

[Jamos]

"Good morning." It's going to be another pleasant day and that is a good thing for all of the kids trying to find their Easter eggs.

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