posted
Okay, so teenagers holding parties when parents aren't around is a big thing. So how come no teenager, as far as I know, has never gotten there own place and paid the mortgage by charging tiny amounts for people to come to parties held there? You might say teenagers don't want to go to a party they'd have to pay for, but surely some people are just that cool, and thus a group of teenagers get a house to themselves a number of nights each month.
I don't go to many parties 'cause most of my friends are total alcies (sp?), but one in particular, that holds most of the parties, has a really cool dad and whenever any of us has problems at home we're always welcome there. So from his house as an example, I can see my idea (minus the parent) as being totally viable. Unless it's illegal? Or you need to pay money to get some sort of license for something like this? Or some other law stands in the way?
[ February 14, 2006, 07:54 AM: Message edited by: cheiros do ender ]
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posted
Well, you have to be 18 to sign a lease, and most places would notice the traffic comming in and out and evict them.
Also, who said it hasn't been done? I knew some people in their late teens who did just this in college. It always SEEMS like it would be easy to make a profit throwing parties, but it is harder than it looks.
BTW, it IS illegal. Nice try though. Posts: 15082 | Registered: Jul 2001
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posted
Oh, there wouldn't be beverages with quotations present, just regular old beverages. Is it the fact that it's at one's own house? What if it was run like an office for a charity (possible?), then getting it paid for would be beneficial to everyone, no? A link would be useful if you don't have the time to go into it. Or, better yet, something specific to search on Google.
If it was me (I'm not 18 yet), I could just use it personally at night time for sleep (I'm hardly ever home as it is), so that wouldn't be a problem for me. And it could literally be an office during the day.
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quote:Oh, there wouldn't be beverages with quotations present, just regular old beverages.
This is reason #1 why this party would fail. Not nearly enough people will pay to go to a party where there is no alcohol, or drugs, present - or, you know, a Britney Spears wearing nothing but a pudding costume.
We used to throw parties at our old house and charge for them. The cops had a field day when they wrote us "noise disturbance" tickets for $1,000. Posts: 4313 | Registered: Sep 2004
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quote:Not nearly enough people will pay to go to a party where there is no alcohol, or drugs, present - or, you know, a Britney Spears wearing nothing but a pudding costume.
So the majority of fundraisers have alcohol and/or drugs? Talk about a lost cause!
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posted
erosomniac is right. And honestly, unless a lot of my really good friends are going to be there, I'd rather pay cover for a bar than for a house party.
posted
Besides that, depending on where you live, rent on a decent-sized place can be $1000 or more a (EDIT) MONTH. And if you're paying for refreshments and food, you'll need even more than that. Plus, you have your own living expenses and utilities to consider.
And you really wouldn't be able to charge all that much. Plus, it's unlikely that you'd be able to fit a lot of people into your place at once. And it's more unlikely that people would come back on a regular (such as weekly) basis.
posted
1. It wouldn't be rented. 2. A teenager throwing it wouldn't be any harder than by adults, IMO. 3. I'm more interested in helping people than making money. (Not sure what that has to do with it, but oh well)
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quote:Originally posted by cheiros do ender: 1. It wouldn't be rented. 2. A teenager throwing it wouldn't be any harder than by adults, IMO. 3. I'm more interested in helping people than making money. (Not sure what that has to do with it, but oh well)
How would it not be rented? It would have to be rented. No way in hell are you going to get a bank to give you a mortgage.
quote:Okay, so teenagers holding parties when parents aren't around is a big thing. So how come no teenager, as far as I know, has never gotten there own place and paid rent by charging tiny amounts for people to come to parties held there?
Bolding mine.
quote:2. A teenager throwing it wouldn't be any harder than by adults, IMO.
It would most certainly be harder. People are generally more willing to take adults seriously than teenagers. Adults are generally more capable of the tasks necessary to own and operate a business of any kind, non-profit included. This doesn't even begin to go into the nitpicky details, like the fact that teenagers have no independent credit and cannot obtain the financing necessary to start a business on their own, nor can they enter into the sorts of legally binding contracts necessary to conduct business.
posted
ersomniac - sorry, by rent I mean "monthly payments" and was being lazy.
I know A LOT of people that take me seriously: thousands, though I obviously don't see them all on a daily, weekly, or even monthly basis. But I see them good and proper. I already have $6000 saved, and having worked out my general budgetting this year I should have well over $10,000 by the end of this year, and a fair bit more when I'm eighteen (only four months into next year ). There's also a $7000 first homebuyers grant here last time I checked. And my parents are more than willing to sign papers for me to get my own house (lots of details I don't paricularly want to go into). I'm pretty financially sound.
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quote:I know A LOT of people that take me seriously: thousands, though I obviously don't see them all on a daily, weekly, or even monthly basis.
While this may be true, there's a vast, vast difference between people taking you seriously as a person and taking you seriously as a businessperson.
quote:But I see them good and proper. I already have $6000 saved, and having worked out my general budgetting this year I should have well over $10,000 by the end of this year, and a fair bit more when I'm eighteen (only four months into next year [Big Grin] ).
Keep in mind when you're starting a business that you really ought to have not only the startup costs, but a fairly large flexible fund that you can draw on for as long as 2-5 years to maintain the livelihood of your business and pay for your living expenses.
quote:And my parents are more than willing to sign papers for me to get my own house (lots of details I don't paricularly want to go into). I'm pretty financially sound.
That's awesome. In reference to my example, though, the teenager is no longer running the business by himself if his parents are helping him.
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posted
I didn't say I would be running it by myself... or did I? Nor do I plan to. Nor do I plan to give up my day job for it. But it would be my house run by me.
I'm just looking at this as a possible way of getting my own house paid for/helping people. Keep in mind you havn't heard my idea for the "cause" yet. But I'll save that for another thread or, if it becomes popular enough, this one.
Also keep in mind I'll be in the Navy Reserve a fair bit of the year, and holidaying others. I'd like to make sure my place of residency gets put to good use year round.
[ February 14, 2006, 05:05 AM: Message edited by: cheiros do ender ]
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quote:I didn't say I would be running it by myself... or did I?
You didn't say one way or the other, hence why I said "In reference to my example, though..."
quote:Nor do I plan to. Nor do I plan to give up my day job for it.
What kind of business do you plan on starting? I ask because it's near-impossible to start a successful business (especially one successful enough to pay for a house, even with a mortgage) while putting in 40 hours a week somewhere else, even if you don't have a family to take care of.
I don't want to sound like I'm trying to shoot down your dream, but as someone who DID start a successful business as a teenager (well, at 19), I can tell you that these are things you really, really need to be thinking about.
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posted
I'm thinking of starting a pay-back education loan system for people in Perth. There would be no profit made by me (i.e. no debt), but with my house as office (or at least original office) I'm guessing people might donate to maintain the place (especially the majority of the year I won't even be home).
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When you say "no debt," do you mean no debt on YOUR part or on the part of others?
I'm writing a business plan for a non-profit right now, and in two weeks, I'll be spending three days writing one for my former boss-type-person. I told him he was crazy to want to do it in three days, but it's worth a shot.
quote:Well, I want the aliens from the Alien movies.
I bet they look great in party hats.
In fact, there are really only a few Aliens, even throwing in the movie Aliens. There was only ever a few in the costumes, and never actually the twenty or so it may've felt like when watching.
So...be sure to invite someone else, too! The eggs, maybe. There're lots of those, and you could just drop a hat on `em...and then, when the Facehugger hatches, it's got the hat on, too!
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posted
Cheiros De Ender: Keep in mind the First Home Owners Grant (the $7000) means you actually have to live in the home as your principal place of residence for 12 months.
Also - My husband and I bought our own home a year and a bit ago. We bought it *very* cheaply given Perth property prices. That $7000 basically covered settlement costs (settlement agents, stamp duty and council rates) - we saw maybe $1200 of it afterwards. Don't count on it as part of your deposit.
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quote:Originally posted by cheiros do ender: I'm thinking of starting a pay-back education loan system for people in Perth. There would be no profit made by me (i.e. no debt), but with my house as office (or at least original office) I'm guessing people might donate to maintain the place (especially the majority of the year I won't even be home).
Also, you know about HECS right?
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