1. Welcome to Tacoma World!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tacoma discussion topics
    • Communicate privately with other Tacoma owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Buy a house now? Or trailer now, house later?

Discussion in 'Stocks & Investments' started by gupster88, Apr 19, 2013.

?

Buy trailer now? Or house later

  1. Buy trailer now, save up some, sell it, buy a house later

    18 vote(s)
    20.5%
  2. Screw the trailerhood life, save up now, buy house sooner

    65 vote(s)
    73.9%
  3. You tell me

    5 vote(s)
    5.7%
  1. Apr 19, 2013 at 4:53 PM
    #1
    gupster88

    gupster88 [OP] Well-Known Member

    Joined:
    May 2, 2009
    Member:
    #16692
    Messages:
    3,749
    Gender:
    Male
    First Name:
    Brett
    Almost Heaven
    Vehicle:
    '10 Barcelona Red DCSB O/R
    OME 884s, Bilstein 5100s, Wheelers 1.5" AAL, Level 8 Guardians, 5% window tint on rear windows
    Ya know there is some pretty smart people on your forum when you come to the forum to ask a question first :D ! Anyway, here's my current situation:

    Live in a 1BR apt, $485/month everything included except for electricity. Pretty nice situation, except I feel I am starting to outgrow this thing now that my gf moved in. I have no debt other than the truck payment, which is $400/month but I pay extra. 12% going into the 401k.

    Here is my current dilemme:

    Option A) My parents just finished building a house, so their late 70s model single-wide trailer is now up for sale. It's about 800sf and has been remodeled minus the bedroom. It's about 5 miles closer to work, out of traffic's way, and closer to EVERYONE. Like literally, closer to friends and family. I can buy this jewel for $5k right now, pay $225 lot rent which covers water, sewer, trash. Live there for a couple years, save up some more, sell it (while making a profit) and put a huge downpayment on a house.

    Option B) Stay where I'm at, save up for another year or so or less, and buy a house. I could easily buy a house right now, but there isn't much out there at the current moment and I want to put about 20% down on it.

    I think both options have their own advantages/disadvantages. I like being able to have some more room and privacy for a couple years by moving into the trailer. But the disdvantage is I'll have to move 2 times in the next few years and have to sell the trailer at some point. So, what do you gurus think?!?!
     
  2. Apr 19, 2013 at 4:56 PM
    #2
    coffeesnob

    coffeesnob Well-Known Member

    Joined:
    Feb 7, 2010
    Member:
    #30892
    Messages:
    6,231
    Gender:
    Male
    VA
    Vehicle:
    2010 access 4 cyl 2 wd
    I would opt for option b
     
  3. Apr 19, 2013 at 4:57 PM
    #3
    MightyMouse-SCT

    MightyMouse-SCT Well-Known Member

    Joined:
    Oct 18, 2010
    Member:
    #44862
    Messages:
    15,700
    Gender:
    Male
    First Name:
    Gabriel
    O'SIDE CA
    Vehicle:
    MightyMouse-SCT - 2011 LT 4x4 Desert Runner
    Long Travel Total chaos kit, fox shocks, smp fab , dmz sua, glassworks, method wheels.
    Buy the trailer , save money and keep paying your truck off .
     
  4. Apr 19, 2013 at 4:59 PM
    #4
    moondeath

    moondeath Plenty of slaves for my robot colony?

    Joined:
    Jan 8, 2011
    Member:
    #48948
    Messages:
    3,539
    Gender:
    Male
    First Name:
    Chris
    Pa, Carlisle
    Vehicle:
    6th Gen 2013 TRD Sport DCLB 4x4
    Grill Thin Lip (Custom Car Grills Mod), Wheels & Tires, Bilstein 5100 1.75" in Front and 1" in Rear, Access Tonneau Cover, Pop & Lock Tailgate Electronic Lock PL8521
    House. Longevity and interest rates.
     
  5. Apr 19, 2013 at 5:17 PM
    #5
    gupster88

    gupster88 [OP] Well-Known Member

    Joined:
    May 2, 2009
    Member:
    #16692
    Messages:
    3,749
    Gender:
    Male
    First Name:
    Brett
    Almost Heaven
    Vehicle:
    '10 Barcelona Red DCSB O/R
    OME 884s, Bilstein 5100s, Wheelers 1.5" AAL, Level 8 Guardians, 5% window tint on rear windows
    That's what driving me towards option buying the trailer, continue to save and pay off my truck.

    The rates right now are awesome, but I heard 5 years ago the rates would be high in no time. They're are still at rock bottom. Not saying that couldn't change in the next 1-2 years though, owning a house with a garage and yard sounds so enticing right now.
     
  6. Apr 19, 2013 at 5:19 PM
    #6
    Toyoda Tacoma

    Toyoda Tacoma Do or Do not there is no try.

    Joined:
    Mar 9, 2009
    Member:
    #14505
    Messages:
    359
    Gender:
    Male
    Winnipeg, Manitoba
    Vehicle:
    TRD Double cab, Long box
    3" Revtek Suspension Lift, K & N turbo air, T Rex eyelids, Billet grille, Toyota bug deflector, Tuxedo roll upbox cover, TRD Step bars
    Write your truck off in your house mortgage!
     
  7. Apr 19, 2013 at 5:20 PM
    #7
    teamamerica

    teamamerica Get off your horse and drink your milk.

    Joined:
    Oct 19, 2012
    Member:
    #89345
    Messages:
    728
    Gender:
    Male
    az
    Vehicle:
    2012 tundra rockwarrior
    none yet
    The housing market is the lowest you'll probably ever see in your lifetime
     
  8. Apr 19, 2013 at 5:21 PM
    #8
    OZ-T

    OZ-T Did you get your precious photos ?

    Joined:
    Dec 15, 2009
    Member:
    #27584
    Messages:
    24,934
    Gender:
    Male
    First Name:
    Peter North
    British Columbia
    Vehicle:
    Mag Grey 09 Trd Sport DCLB 4x4
    OME 885x , OME shocks and Dakars , Wheelers SuperBumps front and rear , 275/70/17 Hankook ATm , OEM bed mat , Weathertech digifit floor liners , Weathertech in-channel vents , headache rack , Leer 100RCC commercial canopy , TRD bedside decals removed , Devil Horns by Andres , HomerTaco Satoshi
    I would buy a house because it's not a trailer
     
  9. Apr 19, 2013 at 5:25 PM
    #9
    gupster88

    gupster88 [OP] Well-Known Member

    Joined:
    May 2, 2009
    Member:
    #16692
    Messages:
    3,749
    Gender:
    Male
    First Name:
    Brett
    Almost Heaven
    Vehicle:
    '10 Barcelona Red DCSB O/R
    OME 884s, Bilstein 5100s, Wheelers 1.5" AAL, Level 8 Guardians, 5% window tint on rear windows
    Please elaborate, I am not educated on how all this works.

    Agreed!!!

    In WV, trailers are golden! Not only is it a house, it's one you can pack the kids up and move it somewhere else!!! ;)
     
  10. Apr 20, 2013 at 9:40 PM
    #10
    gupster88

    gupster88 [OP] Well-Known Member

    Joined:
    May 2, 2009
    Member:
    #16692
    Messages:
    3,749
    Gender:
    Male
    First Name:
    Brett
    Almost Heaven
    Vehicle:
    '10 Barcelona Red DCSB O/R
    OME 884s, Bilstein 5100s, Wheelers 1.5" AAL, Level 8 Guardians, 5% window tint on rear windows
    Well y'all think I'm going to go with the trailer now, save some more, house later option. There just isn't much in the market here right now, it's kinda stagnant. I'm tired of throwing away $6k a year in rent for a 1BR apt when I could be throwing $2600 a year in lot rent, own the trailer, and be able to sell it when I decide to buy a house and at least break even, if not make money on it. My true ambition is to save for another 2 years and put a hefty, and I mean hefty as in $30-40k down on a piece of land/house.
     
  11. Apr 20, 2013 at 9:44 PM
    #11
    rickmeseke

    rickmeseke subaru of america

    Joined:
    Nov 9, 2012
    Member:
    #90811
    Messages:
    966
    Gender:
    Male
    First Name:
    Ricky
    Brunswick, GA
    Vehicle:
    a white truck
    if you can save more by getting in the trailer do it, nothing wrong with a trailer.
     
  12. Apr 20, 2013 at 9:44 PM
    #12
    teneighty

    teneighty I'd rather be skiing...

    Joined:
    Oct 5, 2012
    Member:
    #88357
    Messages:
    5,722
    Gender:
    Male
    Right behind you. NY
    Vehicle:
    2013 DCLB SR5 4X4 Nautical Blue
    Check out my Build
    We will never see interest rates like this again!! Put your money into to something where you'll be building equity. Make an educated decision on a home though, research research research...

    Good luck!
     
  13. Apr 20, 2013 at 9:46 PM
    #13
    Fightnfire

    Fightnfire Recklessly tired

    Joined:
    Jun 12, 2011
    Member:
    #58178
    Messages:
    5,117
    Gender:
    Male
    First Name:
    Luke
    Marysville, WA
    Vehicle:
    09 Access Cab V6 4X4
    Softopper, Bilstein 5100's @ 1.75 in the front, TSB Rear, 17x8.5 Lvl 8 Guardians, 265/70-17 Goodyear Wrangler Duratracs, Scooped, Anytime fog mod, Osram Nightbreakers, LED Interior lights, Debadged, Painted valance, Removed rear head rests, De-flapped, Hidden Hitch installed, Weather Techs, Flyzeye'd A/W/A, Cover Kings,... oh and the hot wife mod.
    If you can do it now putting off the house is silly, interest rates are going to go up which is just going to make it harder to get into a house. You'll end up with less house for more.
     
  14. Apr 20, 2013 at 9:46 PM
    #14
    OZ-T

    OZ-T Did you get your precious photos ?

    Joined:
    Dec 15, 2009
    Member:
    #27584
    Messages:
    24,934
    Gender:
    Male
    First Name:
    Peter North
    British Columbia
    Vehicle:
    Mag Grey 09 Trd Sport DCLB 4x4
    OME 885x , OME shocks and Dakars , Wheelers SuperBumps front and rear , 275/70/17 Hankook ATm , OEM bed mat , Weathertech digifit floor liners , Weathertech in-channel vents , headache rack , Leer 100RCC commercial canopy , TRD bedside decals removed , Devil Horns by Andres , HomerTaco Satoshi
    House
     
  15. Apr 20, 2013 at 9:46 PM
    #15
    gupster88

    gupster88 [OP] Well-Known Member

    Joined:
    May 2, 2009
    Member:
    #16692
    Messages:
    3,749
    Gender:
    Male
    First Name:
    Brett
    Almost Heaven
    Vehicle:
    '10 Barcelona Red DCSB O/R
    OME 884s, Bilstein 5100s, Wheelers 1.5" AAL, Level 8 Guardians, 5% window tint on rear windows
    Agreed, I honestly don't mind living in it at all. Comparing my parents' utility bills to what my overall cost of the apt is, I should be able to bank $100-$150 extra a month due to lower bills, unless we have a very hot summer or cold winter month then it might be a break even ordeal. The only extra cost I'll have is maintenance, where right now I don't pay if something breaks at the apt, I will at the trailer.

    Like I said, I can easily break even or make money when I come to sell this thing too. Plus the convenice, saved gas money being closer to work and family is worth it IMO.
     
  16. Apr 20, 2013 at 9:54 PM
    #16
    teneighty

    teneighty I'd rather be skiing...

    Joined:
    Oct 5, 2012
    Member:
    #88357
    Messages:
    5,722
    Gender:
    Male
    Right behind you. NY
    Vehicle:
    2013 DCLB SR5 4X4 Nautical Blue
    Check out my Build
    Ill never understand renting... My buddy has been renting for years... All that money being pissed away... And he pays 650/mon... That's a nice mortgage payment.
     
  17. Apr 20, 2013 at 11:21 PM
    #17
    gupster88

    gupster88 [OP] Well-Known Member

    Joined:
    May 2, 2009
    Member:
    #16692
    Messages:
    3,749
    Gender:
    Male
    First Name:
    Brett
    Almost Heaven
    Vehicle:
    '10 Barcelona Red DCSB O/R
    OME 884s, Bilstein 5100s, Wheelers 1.5" AAL, Level 8 Guardians, 5% window tint on rear windows
    I know what you mean, I've rented for 3 years now. That's $18,000 gone I'll never see it again. Granted I haven't been in the position to buy a house though until now. I could settle for one that's out there now, but ya don't want to do that. So I'm taking the middle of both worlds, buying a trailer which cuts my rent down from $485 to $225 and will just look and see what I can find in about a year or so.
     
  18. Apr 21, 2013 at 12:30 PM
    #18
    azreb

    azreb Geezer

    Joined:
    Mar 7, 2012
    Member:
    #74430
    Messages:
    349
    Gender:
    Male
    AZ mountains
    Vehicle:
    09 4x4 stock
    camper shell, platform to replace rear seats.
    In your situation I would probably buy the trailer. I would not recommend a trailer for a long period, though. I made that mistake about 12 years ago. Despite the hype from the sellers and manufacturers, my experience is that trailers are not as well made as site built houses.

    You seem to have your head screwed on straight. In the long run you will be better off avoiding debt as much as possible. This sounds like a wise step.
     
  19. Apr 21, 2013 at 12:35 PM
    #19
    Rupp1

    Rupp1 Well-Known Member

    Joined:
    Jun 9, 2011
    Member:
    #58019
    Messages:
    1,810
    You won't regret money spent on your own house. Don't kick youself a few years from now for not doing it.
     
  20. Apr 21, 2013 at 12:37 PM
    #20
    magnetic11

    magnetic11 Well-Known Member

    Joined:
    Feb 7, 2012
    Member:
    #72357
    Messages:
    591
    First Name:
    Matt
    "some nuke plant"
    Vehicle:
    11 trd sport
    Fab fours front and rear bumpers, B.A.M.F. weld on rock sliders, softopper, removed mud flaps and D-Badged everything. Icon 2.5 Extended Travel coil-overs, Total Chaos upppers, 2.0 Icon extended travel shocks with the resi's and Dekar Leaf packs.
    Buy Land. It's Not renewable And Its Running Out. I Would Say Do The Trailer Only If You Were Buying Land To Later Build On.
     
To Top