Jump to content

Xavier Worthy injured during 1st practice as a Chief


Recommended Posts

1 hour ago, Royale with Cheese said:

 

Then he needs financial advice if he's renting.

 

If I were a rookie NFL player I would rent at least for a few years. These guys are traded and relocated so many times during their careers that tying yourself down to a home is not a great idea. You may also not enjoy living where you play so why buy a home there that's gonna sit empty in the off-season and then buy a second home in the place where you live in the off-season? Why buy a home pay all those closing costs only to sell it a few years later and pay the closing costs again if you get traded in 2-3 years? 

 

Most circumstances you should want to own but I think being in a volatile industry like pro-football is one where the flexibility and low commitment of renting is actually viable. No idea why I broke down this so much but the comment got me thinking about what I would do for a living situation as an NFL rookie. 

Link to comment
Share on other sites

Posted (edited)
14 hours ago, Buffalo716 said:

Dude is literally throwing singles in the video lol

 

What a clown 

Yeah but that watch made in china is the real deal 

Edited by Putin
Link to comment
Share on other sites

Posted (edited)
8 hours ago, Mr. WEO said:


why?  


Because he can pay cash for a house and not have a mortgage.  Since he’s a 1st round pick, he will be there at least two years.

 

He will earn another million and his house will appreciate 16%-20% in two years with this housing market.

 

If he gets cut because he is a bust, sell the house and make a profit.

7 hours ago, billsfan89 said:

 

If I were a rookie NFL player I would rent at least for a few years. These guys are traded and relocated so many times during their careers that tying yourself down to a home is not a great idea. You may also not enjoy living where you play so why buy a home there that's gonna sit empty in the off-season and then buy a second home in the place where you live in the off-season? Why buy a home pay all those closing costs only to sell it a few years later and pay the closing costs again if you get traded in 2-3 years? 

 

Most circumstances you should want to own but I think being in a volatile industry like pro-football is one where the flexibility and low commitment of renting is actually viable. No idea why I broke down this so much but the comment got me thinking about what I would do for a living situation as an NFL rookie. 


Because he will make a profit on the house when he sells it in 2-3 years. 

Edited by Royale with Cheese
  • Like (+1) 2
  • Agree 1
  • Thank you (+1) 1
  • Dislike 1
Link to comment
Share on other sites

3 minutes ago, Royale with Cheese said:

 


Because he will make a profit on the house when he sells it in 2-3 years. 

 

Not always the case given that he's gonna have to pay the property tax, home owners insurance, commission, and two sets of closing costs in just 2 or 3 years. Also there's no guarantee a house will appreciate in value although that's a strong possibility dips in the market happen. 

  • Agree 1
Link to comment
Share on other sites

On 5/30/2024 at 5:52 PM, ndirish1978 said:

 

This is the guy everyone wanted?

Some teammate this guy is. That could have gone to the Rashee Rice "Go Fund Me" for his lawyer fees. 

  • Haha (+1) 1
Link to comment
Share on other sites

4 minutes ago, billsfan89 said:

 

Not always the case given that he's gonna have to pay the property tax, home owners insurance, commission, and two sets of closing costs in just 2 or 3 years. Also there's no guarantee a house will appreciate in value although that's a strong possibility dips in the market happen. 

 

The fact alone that the house was previously owned by a NFL player will add to its value. 

  • Like (+1) 1
Link to comment
Share on other sites

12 minutes ago, billsfan89 said:

 

Not always the case given that he's gonna have to pay the property tax, home owners insurance, commission, and two sets of closing costs in just 2 or 3 years. Also there's no guarantee a house will appreciate in value although that's a strong possibility dips in the market happen. 


I think I just have much more faith in real estate.  I work in HR and we relocate a lot of our new Engineers so I stay up with real estate. I had a girl buy a house, 9 months later that mill closed, she transferred and is now renting that house making $1,000 a month over her mortgage.  
 

Most of our mills are in rural areas and these people are selling their houses quickly and for a good profit.  My dad has a home in rural GA he just sold and got $35,000 over listing because it went to a bidding war.

 

Im sure KC is a better market.

Link to comment
Share on other sites

10 minutes ago, Royale with Cheese said:


I think I just have much more faith in real estate.  I work in HR and we relocate a lot of our new Engineers so I stay up with real estate. I had a girl buy a house, 9 months later that mill closed, she transferred and is now renting that house making $1,000 a month over her mortgage.  
 

Most of our mills are in rural areas and these people are selling their houses quickly and for a good profit.  My dad has a home in rural GA he just sold and got $35,000 over listing because it went to a bidding war.

 

Im sure KC is a better market.

 

Fair enough but I think there is value in the flexibility that renting provides and you can just invest the rest in an Index Fund that will provide you similar returns with a lot less stress. If you are Worthy in KC you can rent a place super nice for like 3k a month (I can't imagine you couldn't get a nice 2-3 bedroom in that range) and then invest the rest into an Index fund and you probably get a similar return with dividends reinvested. 

 

We are splitting hairs here but I think there's a case for renting in some circumstances and I think you can make a valid case especially during his rookie year where he may not want the hassles that come with owning a home one less distraction.

Link to comment
Share on other sites

9 hours ago, billsfan89 said:

 

Fair enough but I think there is value in the flexibility that renting provides and you can just invest the rest in an Index Fund that will provide you similar returns with a lot less stress. If you are Worthy in KC you can rent a place super nice for like 3k a month (I can't imagine you couldn't get a nice 2-3 bedroom in that range) and then invest the rest into an Index fund and you probably get a similar return with dividends reinvested. 

 

We are splitting hairs here but I think there's a case for renting in some circumstances and I think you can make a valid case especially during his rookie year where he may not want the hassles that come with owning a home one less distraction.

I agree.  I think its better for these NFL guys to rent a place early on.  Now if they get a nice extension, then you can go buy a place.

Link to comment
Share on other sites

13 hours ago, Royale with Cheese said:


Because he can pay cash for a house and not have a mortgage.  Since he’s a 1st round pick, he will be there at least two years.

 

He will earn another million and his house will appreciate 16%-20% in two years with this housing market.

 

If he gets cut because he is a bust, sell the house and make a profit.


Because he will make a profit on the house when he sells it in 2-3 years. 

 

16-20%??

 

lol.  he can't pick you as his financial adviser...

  • Like (+1) 2
Link to comment
Share on other sites

1 hour ago, Mr. WEO said:

 

KC doesn't have that kind of bubble

Gotta say that you yougns don’t have a realistic view of real estate. 
We bought a nice house in Getzville for $196K in 1992 (original owner was Ted Cotrell, Bills DC). Sold the house for $175K in 1999 when I relocated. My signing bonus more than covered the loss, but the lesson is that real estate doesn’t go straight up. 

  • Like (+1) 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...