got a call to talk about director position at a little museum in monterey, ca. seems like a cool area...looked at previous directors' salary, looked at zillow...NOPE
More real estate doom and gloom
- Thread starter Toshi
- Start date
Heh. Monterey? They had better find an independently wealthy art director to work there...
plus i enjoy the relative independence in my current position that allows me to take fuckit fridays and mountains mondays with some frequency
Fed may start to inch interest rates up starting in Dec - that might burst some bubbles.
House two doors down just sold in less than 24 hours, bidding war.
$795K.
And it's a tear down...
$795K.
And it's a tear down...
Location, location, location.
indeed. But it is staying a little absurd up here.
I mean, we are in the 'po' part of town...
I mean, we are in the 'po' part of town...
but it's not like a detroit tear down...
I got when the getting was good.
You should offer to tear it down.
The lot probably would go for $600k.
Been wondering how the hell people afford houses in Seattle. Talked to the bank today and I could qualify for a house almost twice as much as I think I can afford.
I've been saying this about Portland. We could break even on our place (she bought in '06) but couldn't afford anything near town for less than $400k.
$400k doesn't even get you something worth bulldozing here.
I've been saying this about Portland. We could break even on our place (she bought in '06) but couldn't afford anything near town for less than $400k.
Portland has fewer folks and a bit more dirt. But the rate of change is crazy.
So I should sell high, then sit on it (can sit on it tax free for 2 years) under the ass falls out, then buy myself something nice.
Got a generous offer in the mail yesterday from my bank/mortgage holder. I could re-fi and start over on a 15 year loan at a higher interest rate if I want to cash out! 35,000 at 3.9APR or 70,000 at 4.1. How can I say no? Time to buy that giant gas guzzling 8MPG SUV I've always wanted!
Get a nice big TV while you are at it.
And make terrible decisions with hopes of saving some money on health insurance.
Pfft... That's what credit cards are for. If I make the minimum payments it's practically free!
Got to send the kids to college!
Where's the funny, but not really funny award icon?
Hey @Toshi, better sell while the getting is good!
Earliest we'd move would be around January 2018. That way we'd be in this place 2 years so could capture the capital gains later with the $500k shelter. Then we'd either sell just prior to 3 years from that (so as to still meet the lived in 2 years out of 5 rule) or rent it forever.
Looks like projected rent would be $500 more than my current mortgage PITI, although that latter is undervalued a few hundred dollars due to property tax valuation changing. Either way we'd get some equity out of renters' blood every month...
Just applied for mortgage approval. Looking for a house in a fucking expensive area in a peaking market when a destabilizing megalomaniac is at the financial helm of the country. What could go wrong?
Haven't stepped in a singe house for sale here in Seattle, but from what I can gather I have the choice of a tiny old and obscenely expensive place in an awesome urban neighborhood that checks all the social boxes or slightly cheaper 'way too big homes' in neighborhoods full of uptight old white people. later option does include possible ocean/mountain views. In town options offer significantly lower risk of massive devaluation and an upside-down mortgage.
Haven't stepped in a singe house for sale here in Seattle, but from what I can gather I have the choice of a tiny old and obscenely expensive place in an awesome urban neighborhood that checks all the social boxes or slightly cheaper 'way too big homes' in neighborhoods full of uptight old white people. later option does include possible ocean/mountain views. In town options offer significantly lower risk of massive devaluation and an upside-down mortgage.
be a out of state landlord.....that is hell.
I did that whilst in grad school. Used a broker. Worked out well, my profit margin was better than Toshi's though. Broker will take 10%, tax situation is rather favorable, less so if you do not move back in before selling.
Wife sent me this yesterday. 
never knew you could farm that shit out.....
We are out of state landlords...but the property is 18 miles away. So not too bad.
if nc didn't have summer...i'd be fucking happy.
seeing pics of glacier/teton/jellystone in the winter could tempt me to htfu and do a winter vacation one year.