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Buying a House Thread
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Topic: Buying a House Thread (Read 133509 times)
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slipkord
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Re: Buying a House Thread
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Reply #15 on:
October 12, 2010, 02:46:53 PM »
Quote from: v6sicksspeed on October 12, 2010, 02:40:09 PM
you're a smart guy mike.
slipkord - how long have you owned your current home for - i.e. has it retained (increased) its value since you originally purchased it?
4yrs, value has gone down, fucking economy
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DV8mAn
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Re: Buying a House Thread
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Reply #16 on:
October 12, 2010, 03:38:17 PM »
Keep in mind, you buy and sell in the same market. Those folks that revel in trading up houses in a strong market think they're making bank on their house. However they turn around and buy a new one at an inflated price! I got a nice chunk of equity in my tiny house and I ain't sellin! 2 "adults", 3 kids, & 2 dogs in 1700 sq ft sucks, but soon to be zero revolving debt makes it all worthwhile ... just don't ask my wife's opinion!
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slipkord
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Re: Buying a House Thread
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Reply #17 on:
October 13, 2010, 01:45:04 PM »
How about two adults and two kids in a 1400sq ft house
You can at least throw the dogs outside.
Just found out I will basically have very little equity because of the 10-15% economy fart. I’m not even sure putting money into the house will net me much of anything. New paint and tile and I think I’m done. Throw some flowers outside to make it look pretty. God willing, this will happen. This 2,200sq ft house is looking better every day.
For grins...here's a few pics of this house.
«
Last Edit: October 13, 2010, 01:47:27 PM by slipkord
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wtcii
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Re: Buying a House Thread
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Reply #18 on:
October 13, 2010, 02:33:48 PM »
Looks nice Jeremy. My parents would love to move to another house.
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Bill C.
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Quote from: timot_one on November 17, 2010, 05:48:35 PM
I guess he has money to burn. I'd rather waste my money on parts that actually make my car faster, hookers, and drugs. Fucking amateurs. :
timot_one
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Re: Buying a House Thread
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Reply #19 on:
October 13, 2010, 02:40:31 PM »
That looks much nicer than the shoe box sized apartment that I pay way too much money to rent.
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Tim
Quote from: Andrew Ilnyckyj
Eating gold is like the equivalent of wiping your butt with dollar bills. At some point, it's going to come in contact with my ass...just doing it in a more elegant way.
slipkord
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Re: Buying a House Thread
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Reply #20 on:
October 13, 2010, 03:01:26 PM »
Yeah Tim, this is a castle compared to what I'm in now. Hopefully we can get this, its so nice...ppl at work calling me a drug dealer bc I show up every month with a different car, if only theyd see this house..lolz
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DV8mAn
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Re: Buying a House Thread
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Reply #21 on:
October 13, 2010, 03:16:21 PM »
Hmm, I'm gonna get my popcorn and watch the show. You'll have some interesting decisions to make. Since you have no equity in your current residence, are you willing to accept the bull shit premium called mortgage insurance? To avoid MI, the loan value cannot exceed 80% of the home value. Tough decisions....
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timot_one
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Re: Buying a House Thread
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Reply #22 on:
October 13, 2010, 03:21:59 PM »
At least you live in an area where buying a house is actually affordable. I was disgusted when my brother told me how much he got his house for. He has a pretty nice 4 bedroom with a huge 2.5 car garage that he got for very little.
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Tim
Quote from: Andrew Ilnyckyj
Eating gold is like the equivalent of wiping your butt with dollar bills. At some point, it's going to come in contact with my ass...just doing it in a more elegant way.
slipkord
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Re: Buying a House Thread
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Reply #23 on:
October 13, 2010, 03:25:31 PM »
I don't have $37k lying around, soooo, can't avoid MI
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wtcii
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Re: Buying a House Thread
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Reply #24 on:
October 13, 2010, 03:29:54 PM »
MI sounds like bull shit. What's the purpose?
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Bill C.
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Quote from: timot_one on November 17, 2010, 05:48:35 PM
I guess he has money to burn. I'd rather waste my money on parts that actually make my car faster, hookers, and drugs. Fucking amateurs. :
slipkord
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Re: Buying a House Thread
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Reply #25 on:
October 13, 2010, 03:39:27 PM »
8Actually just found out home is selling for $37,600 less than market value, so loan value technically wouldn't exceed 80% of home value lol...am I looking at this right?
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Last Edit: October 13, 2010, 03:55:43 PM by slipkord
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wtcii
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Re: Buying a House Thread
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Reply #26 on:
October 13, 2010, 03:49:31 PM »
Makes sense to me
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Bill C.
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Quote from: timot_one on November 17, 2010, 05:48:35 PM
I guess he has money to burn. I'd rather waste my money on parts that actually make my car faster, hookers, and drugs. Fucking amateurs. :
DV8mAn
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Re: Buying a House Thread
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Reply #27 on:
October 13, 2010, 04:15:25 PM »
Not sure Jer. I
believe
its based on purchase price vs the latest appraisal. Cant remember if you have to do an appraisal for closing but most people do one before putting their house on the market. I think the logic makes sense, though.
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timot_one
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Re: Buying a House Thread
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Reply #28 on:
October 13, 2010, 04:56:15 PM »
All I know is that my brother got his house for $120k, when the same house out here in MA it would be at least $800k-$1mil. Srsly.
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Tim
Quote from: Andrew Ilnyckyj
Eating gold is like the equivalent of wiping your butt with dollar bills. At some point, it's going to come in contact with my ass...just doing it in a more elegant way.
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Re: Buying a House Thread
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Reply #29 on:
October 13, 2010, 05:53:28 PM »
jer, i know the pic of the house you posted would sell for low 290,000 upwards to 390,000 in Eugene.
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-Alec
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