power hammer, or get your own place?

Sam Salvati

Sam Salvati

Joined
Aug 6, 2007
Messages
5,060
Tough question :D. The time might be coming up soon where I am faced with this decision. 4000$ or thereabouts is alot of scratch, and can do alot of things with it, and it would go perfectly towards getting my own apartment and getting nicely setup. On the other hand I could go and get a powerhammer. I am not getting kicked out of home anytime soon, but it sure would be nice to have my own place, and it sure would be nice to have a powerhammer too.
 
With a hammer, you can make more money to get an apartment. An apartment will not get you more money for a hammer ;)

-d
 
Sam just drive up and use mine. The electrician is coming on friday and I'm talking to a machinist for new dies on wensday. :) If you do get a hammer start looking now and you should find a good deal within two years, I paid $4800 when the motor alone should fetch up to $4000... Just a matter of looking hard enough I guess.

Plus its a #150, that's reason enough just to drool over it. :D

BTW I think I've found a supplier of iron ore pellets in the US, this should shorten up the wait until the smelt.
 
If your in an apartment, you may never get a power hammer. Bank the money for a little bit until the economy sorts itself out.
 
Sam, seriously, get your own place your a grown man for pete's sake.. Give your parents a break... Just my .02 I moved out at 18, it changes how you view the world...Best thing that I ever did...
 
Karl B. Andersen said:
That's right.
Use THEIR apartment.
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:D :D

Since everyone is offering advice .........................

Do both ! But whatever you do, don't rent :thumbdn: IMHO, that's just pissing your money away. There isn't a better time to buy your own home than now. They're darn near giving them away. You can hook up with a mortgage that's about the same payment as rent.

Get the hammer and start looking for a home of your own....... of course, with potential shop space.

Rocketmann said it right " it changes how you view the world " and you'll never look back.

Remember, if you need a place to keep the hammer for a while, you can always store it in my shop :D ;)


:thumbup:
 
I think that you have to sit down and make a list of the pros and cons.

You also have to consider how long it will take you to make enough knives, swords, tools ect. to make back your initial investment and turn a profit. I know that eventually the hammer would pay for itself but you have to determine how long that would take.
If this were for your business it could be a tax write off.

Buy a barn and build the shop in the lower level and live in the loft.
 
Sam Salvati said:
Tough question :D. The time might be coming up soon where I am faced with this decision. 4000$ or thereabouts is alot of scratch, and can do alot of things with it, and it would go perfectly towards getting my own apartment and getting nicely setup. On the other hand I could go and get a powerhammer. I am not getting kicked out of home anytime soon, but it sure would be nice to have my own place, and it sure would be nice to have a powerhammer too.
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4g's for an apartmen...................sounds like you need to move the hell out of new york.
 
A Master Smith told me once "I got a lot of tools in my shop that save me money, but only two that MAKE me money....my grinder and my power hammer."
Mace
 
I think David Wesner got the only right answer. Go buy a house, or put the 4K
as a downpayment on some land. If you only get land, then get your power hammer and build a tent around it. Don't piss your money away on rent that's just effin retarded.
Matt Doyle
 
Thanks for all the input guys.

Louis, I understand exactly what you are saying, I have had my own place when I went away to school, it was life changing.

I think getting the hammer now would be better, I don't need $4000 to get an apartment, I could get enough to get out on my own in only a few months but it would take a good long while, even longer, with rent bills to pay.

I will think on the pros and cons and budget a timeline.
 
Don't buy a house unless you get some crazy ass smoking hot deal. People are brainwashed into thinking a house is an asset but by definition an asset is something that makes you money. If you put pen to paper, a house doesn't make you money but a hammer may.

Go with the hammer.

Buy a barn and build the shop in the lower level and live in the loft.
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That is probably some of the best advice I've ever read.

Not a barn but I could live here... http://blog.designpublic.com/2007/07/19/nytimes-the-grain-silo-house/

Pay no mind to me though, I'm just a cheap SOB that pays Cheap rent. :)
 
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