Cowboys and Roger Staubach new apartment complex

rags747 · Apr 2, 2019

Rayman70 said:
wonder if he accepts section 8 lol...

Section 8 do pay on time, that is the 1 plus!

Ranched · Apr 2, 2019

Hawkeye0202 said:
Pretty serious partnership for Roger......damn

Roger isn't even batting an eye with this investment. Staubach is a real estate mogul. He worked as a real estate broker during offseasons in the 1970s while playing for the Cowboys. Not exactly something you’d see from Romo do today. He had a family support.

(Jones Lang Lasalle) Roger's real estate business partner, bought Staubach Co. in 2008 for a multi-year payout that eventually totaled $640 million.

Thus labeling Staubach the richest NFL quarterback even though he only made
$25,000 when he was a rookie signed by Dallas in 1969.

Techsass · Apr 2, 2019

daboyzruleperiod said:
Roger isn't even batting an eye with this investment. Staubach is a real estate mogul. He worked as a real estate broker during offseasons in the 1970s while playing for the Cowboys. Not exactly something you’d see from Romo do today. He had a family support.

(Jones Lang Lasalle) Roger's real estate business partner, bought Staubach Co. in 2008 for a multi-year payout that eventually totaled $640 million.

Thus labeling Staubach the richest NFL quarterback even though he only made
$25,000 when he was a rookie signed by Dallas in 1969.

I just did some work for Jones Lang Lasalle. Didn't know the relationship.

Techsass · Apr 2, 2019

rags747 said:
That’s a lot of sq footage for $2500, here u get about 7-800 sq ft for that price. BARGAIN!

I remember my sister & I shared an apt. in Kew Gardens for $350/mo back in '78. It was a huge 2 bedroom & the fire escape looked out on an empty lot with trees. She couldn't stand being out in the boondocks, so she moved to a studio in Soho for a little over $1k. Her shower (no bath) was wedged into the kitchen portion of the room & she had a curtain blocking off the toilet. I still rag her about that.

Diehardblues · Apr 2, 2019

rags747 said:
Well I’m not a believer in renting at all...except for cars! Just got my 24 yr old daughter into her first apartment, outside of Manhattan in one of the River towns. $2200 for 700sq ft, can walk everywhere and work is close by car. I tell her that she is throwing away $26k per year, but shes excited and still has time to invest in property.

Investing in property doesn’t really begin to pay off unless you reside there a minimum of 5-10 years especially when you consider trying to recoup the closing cost associated when you sell. The exceptions could be buying a foreclosure where you have sizable equity at the time of purchase.

Young professionals like your daughter just beginning their careers is actually wise to rent unless you know their locale and personal situation aren’t likely to change for at least 5-10 years.

Renting is a tolerable and more fixable cost of living expense much like a car payment which both are necessities for most of America. Although in the Burroughs a vehicle isn’t necessary.

A fixed rental expense for a young professional, especially single, is actually sound judgement and much easier to budget and begin saving for the longer term investment once they’ve established themselves.

Real estate especially housing is a long term investment unless your going to buy a property to flip it after buying in low and renovating for a quick sale and profit.

Unless as a father your interested in investing in a property for her and willing to rent it out in the event she relocated or her situation changes but most likely it wouldn’t save her a considerable amount monthly at this time. At 24 she still has several years to fully establish herself , save for her future and still invest in a home she can have paid off before she retires.

Rayman70 · Apr 2, 2019

Diehardblues said:
Investing in property doesn’t really begin to pay off unless you reside there a minimum of 5-10 years especially when you consider trying to recoup the closing cost associated when you sell. The exceptions could be buying a foreclosure where you have sizable equity at the time of purchase.

Young professionals like your daughter just beginning their careers is actually wise to rent unless you know their locale and personal situation aren’t likely to change for at least 5-10 years.

Renting is a tolerable and more fixable cost of living expense much like a car payment which both are necessities for most of America. Although in the Burroughs a vehicle isn’t necessary.

A fixed rental expense for a young professional , especially single , is actually sound judgement and much easier to budget and begin saving for the longer term investment once they’ve established themselves.

Real estate especially housing is a long term investment unless your going to buy a property to flip it after buying in low and renovating for a quick sale and profit.

Unless as a father your interested in investing in a property for her and willing to rent it out in the event she relocated or her situation changes but most likely it wouldn’t save her a considerable amount monthly at this time. At 24 she still has several years to fully establish herself , save for her future and still invest in a home she can have paid off before she retires.

I have a daughter that's nearly 20 and she's learning the value of saving,hard work and a budget. She hasn't gotten to a point where she trusts herself with her own apartment yet. She still lives with mum and DADDY lol. Funny how kids are different in the way they approach their career paths. lol. She's feelin her way round still... Sure does make me feel old. lol

Rayman70 · Apr 2, 2019

and yes..not a fan of renting. Home ownership is king as far as Im concerned.

Diehardblues · Apr 2, 2019

Rayman70 said:
and yes..not a fan of renting. Home ownership is king as far as Im concerned.

Of course . Once you’ve secured your stability in your career and personal situation.

But it’s why you don’t buy a house while they’re attending college unless you’re intending on retaining it as a rental property afterwards because short time residents are better off renting.

Rayman70 · Apr 2, 2019

Diehardblues said:
Of course . Once you’ve secured your stability in your career and personal situation.

But it’s why you don’t buy a house while they’re attending college unless you’re intending on retaining it as a rental property afterwards because short time residents are better off renting.

agree totally. Like I told her, its a longterm commitment. Home ownership comes down the road and should NEVER be rushed into.

pansophy · Apr 2, 2019

AbeBeta said:
Bargain in many real cities

I can attest to this living in NYC...

Aikmaniac · Apr 2, 2019

Wow. My house payment in Tampa is $2000 a month. I thought that was a lot!

Diehardblues · Apr 2, 2019

For those that make their home at The Star, they will receive special benefits and exclusive access to events, and for the first time, fans will have the chance to live just steps from the home of the Cowboys.

“Residents will be able to benefit from the full Cowboys experience by living next to our world headquarters and interacting with our players, coaches and executives,” said Jones.

https://friscoedc.com/news/star-fri...bach-announcement-luxury-apartment-developers

Rayman70 · Apr 2, 2019

mine is 700 bucks in Texas. WITH LAND.

Diehardblues · Apr 2, 2019

Aikmaniac said:
Wow. My house payment in Tampa is $2000 a month. I thought that was a lot!

Average housing in the Frisco area is about 400,000. That translates to about 3-4,000 monthly installment on a 30 year mortgage. This is an affluent upscale suburb. There is no middle to lower income housing I’ve seen. Only apartments.
https://www.bestplaces.net/cost_of_living/city/texas/frisco

cern · Apr 2, 2019

Learn to work the stock market to make money. If you only own one property (your home) don't expect to get rich.

Bowdown27 · Apr 2, 2019

Boyzmamacita said:
$2,500 per month for a one bedroom.

That’s nyc and la numbers right there. I’m a real estate developer and that’s close to what I charged for a one bedroom. I charged around 2,100 for a one bedroom in Brooklyn. Down the block from the Barclays center

erod · Apr 3, 2019

Hawkeye0202 said:
Pretty serious partnership for Roger......damn

https://www.r-o.com/portfolio/mixed-use/33

Staubach has been a multi-million dollar real estate developer for decades. He merged his company with Jones Lang LaSalle for hundreds of millions.

9of11 · Apr 3, 2019

Hawkeye0202 said:
BTW...any board members living in the area considering leasing a unit?
Nope! I live 10 minutes away from the Star...the perks are nice...the price isnt..

rnr_honeybadger · Apr 3, 2019

Zordon said:
GM hard at work. Nobody wants to win more than him.

Give it a rest, people have things they invest their time into. No one, including Jerry can do a single job every second of the day.

HanD · Apr 3, 2019

Diehardblues said:
Average housing in the Frisco area is about 400,000. That translates to about 3-4,000 monthly installment on a 30 year mortgage. This is an affluent upscale suburb. There is no middle to lower income housing I’ve seen. Only apartments.
https://www.bestplaces.net/cost_of_living/city/texas/frisco

I think it's time for a refi. My loan is between 6 and 700000 and my mortgage is at the upper end of that. On avg you should be about 500 a month per 100k for a 30 year loan.

Cowboys and Roger Staubach new apartment complex

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