🏡 Better Homes OFFICIAL real estate bs discussion
- Thread starter OffshoreDrilling
- Start date
Interest sucks, but I'm glad it's only 2.99% instead of what it is now.
Speaking of interest, these charts and data have me wondering why in the fuck anyone is taking out a 10 year car loan....at least a house usually goes up in value....you're paying 10 years of interest on an asset that loses value.
This is the typical result for the people that "WaiT fOr PrIcEs tO dRoP". Houses cost 15% more than they did when they sold 2 years ago AND they're getting buttfucked on the rate
At least they were living with fam, i'm assuming for free
Lol… was just talking to the new neighbor this morning. He was asking who owns the lot behind my house. I own it all. His jaw dropped.
The husband quit his job and just sat around playing video games and drinking the whole time. He’s just fucking lazy and entitled. His Wife busts her ass but also “had” to buy new cars and gladly paid that ADM…. on a loaded RAV4 and him with a new Ram. They sold both cars to get approved for this loan and are back to driving her old Nissan suv as their only car. Lol.
The husband quit his job and just sat around playing video games and drinking the whole time. He’s just fucking lazy and entitled. His Wife busts her ass but also “had” to buy new cars and gladly paid that ADM…. on a loaded RAV4 and him with a new Ram. They sold both cars to get approved for this loan and are back to driving her old Nissan suv as their only car. Lol.
Yeah but if you pay it down early to save on the interest you are using money that could be used elsewhere that gets a higher return on your investment. 3 percent is super cheap money in the grand scheme of things
It is, I'm at 3% as well, but with the house being the only debt, I'd love to just write a check every 6 months for the property taxes and do something else stupid with my mortgage money.
Yup. They had to hold out for that perfect house and kept saying the rates are sooo low it will be fine. No problems. Yeah.
I'm sure most of you are aware or do it, but Bi-weekly payments help you pay down faster, then toss in additional principal to get it down ASAP.
I’m good. Paying the minimum unless I have some massive windfall of cash that I can pay it off with. The bank can enjoy my 2050 dollars paying the 2021 price.
House also needs $100k+ of remodel work so it’s better spent on that anyways.
It’s a place to live and shelter my family, not an investment.
House also needs $100k+ of remodel work so it’s better spent on that anyways.
It’s a place to live and shelter my family, not an investment.
I've scaled back mortgage payments to the min, its 'cheap' debt to carry with inflation and today's rates factored. I'm betting and hoping that additional principal I was paying will have a better ROI elsewhere.... still kicking myself for not doing a cash out refi with a 2% rate lol
This was one of the reasons why it took me over 2 years to find a house. I started looking toward the end of 2019. Then the pandemic happened and there was little inventory and prices started increasing like crazy. I was budgeting as close to $300k as possible with a little wiggle room to go higher if I found the right place. So many of the houses in the $300-$350k range photographed well, but needed a lot of work and some of the things I saw were in need of immediate attention. If I was going to be towards the top of my budget, I couldn't swing buying a place that needed some expensive and critical work done within the first year of ownership.
I also saw a lot of flipped houses with some cheap and questionable work done. I didn't want a flipped house in that price range because I questioned quality of work and materials used. Especially with how quickly houses were getting bought up and relisted. This summer, I finally found a place that was in really nice shape and needed nothing other than some paint and minor aesthetic changes. I'm pretty sure the previous owner was a tradesman of some sort. Nothing in the place was skimped on and any repairs or updates I can spot were well thought out and done with good parts and materials. I'm really glad I got in at the right time with a 5.0% rate and I paid a little less than asking price. If I waited any longer, I'd have to give up on my search or figure out a way to bring in more income.
LOL. We need their golden oak palaces to come flooding the market, but not at full price when it needs a $200k full gut reno 
Just checked the rates and if I were to have financed at current rates, my payment would be $750/month greater. I couldn't have timed selling my old house and building the new any better!
They know what they got.LOL. We need their golden oak palaces to come flooding the market, but not at full price when it needs a $200k full gut reno
Was talking to some friends that we don't see often a few weeks ago. The wife said they've missed out on 3 "lots" that have come available near them, and that they were absolutely going to jump on whatever popped up next. They have 3 kids in school, love boating, and live on the only lake in their school district (which was fully developed decades ago), so I was kind of confused.
Turns out by "lots" she meant lakefront golden oak boomer houses that they would buy and raze then build something new. What a boss move.
Turns out by "lots" she meant lakefront golden oak boomer houses that they would buy and raze then build something new. What a boss move.
Houses in my old hood are still going for big dollars, $390k for a dated bilevel
www.zillow.com
10384 Snead St, Winfield, IN 46307 | Zillow
10384 Snead St, Winfield IN, is a Single Family home that contains 2654 sq ft and was built in 2002.It contains 5 bedrooms and 3 bathrooms.This home last sold for $355,000 in March 2023. The Zestimate for this Single Family is $375,000, which has increased by $7,603 in the last 30 days.The...
Thread Info
-
Created -
4KReplies
-
122KViews
-
Participants list
