More real estate doom and gloom
- Thread starter Toshi
- Start date
Half way in to the article I had a bowel movement.
Also, dear shitheads who hate renting because you “pay so much but have nothing to show...” Learn how math works. It isn’t buy for a monthly mortgage payment of $X or rent for $X. It’s usually $X vs. $Y. I’ve taken my “down payment” money and invested it at a gain. I’ve also been renting for well below what a mortgage would cost me, and putting a chunk of the difference into savings for the last 15 years. I’ve got no R&M or gardening costs. I don’t pay property taxes. I can still paint and decorate as I please. Obviously this doesn’t apply to all renters, but you rarely read about those who have gone this route. These articles and the people interviewed and quoted seem to have an unspoken “I’ll just pay as much as I can afford for a monthly payment” in either scenario. #shortsighted
AWWWW FFS!!!
https://www.thebeaverton.com/2017/08/realtors-warn-housing-market-collapses-everyone-one-day-afford-house/?fbclid=IwAR3-2bBPPC90rdAedI-8Uj-AHB0Tq15h59Cjggg0INcpIl7g-fvFiPRofgU
Realtors warn that if housing market collapses everyone could one day afford house
https://www.thebeaverton.com/2017/08/realtors-warn-housing-market-collapses-everyone-one-day-afford-house/?fbclid=IwAR3-2bBPPC90rdAedI-8Uj-AHB0Tq15h59Cjggg0INcpIl7g-fvFiPRofgU
Realtors warn that if housing market collapses everyone could one day afford house
The bubble is on. This is what 1.5 gets you in my neighborhood. I especially love the interior.
https://www.zillow.com/homedetails/770-E-Kelly-Ave-Jackson-WY-83001/194365950_zpid/
https://www.zillow.com/homedetails/770-E-Kelly-Ave-Jackson-WY-83001/194365950_zpid/
Yikes......
Who Are The People Who Can Actually Afford Denver-Boulder’s High Rents And Mortgages?
Colorado’s homeownership has fallen from 71.2 percent in 2005 to 65.1 percent in 2019, according to the U.S. Census Bureau.
www.cpr.org
/me spends under 9% gross on PITI on the house, for the record, but that's at a 30 year rate. Gotta ramp that up if I ever want to cut back from full time.
Actual Remaining Term layer
5 Year(s), 3 Month(s)
Contemplating doing some equity selling and perhaps getting rid of the note altogether... paying myself back the (pretty low rate) will probably beat the markets over the next few years.
5 Year(s), 3 Month(s)
Contemplating doing some equity selling and perhaps getting rid of the note altogether... paying myself back the (pretty low rate) will probably beat the markets over the next few years.
I've got to leave spare room in the budget for purchasing e-things on a whim, ya know
But why realize a loss of any size as long as you can continue to pay the mortgage at a normal rate? Wait it out one way or another.That all depends on where it goes over the next 6-12 months.
Yeah... I'll probably go this route and maybe just pay extra on the monthly pmt to try to eliminate it in a couple years...
I just got a quote for a new 30-yr at 3.80%
Check out DCU:
Mortgage Loans | DCU
Mortgage programs that fit your needs with DCU service for the life of your loan.
www.dcu.org
30 year 3.625% nominal/3.72% APR
15 year 3.25/3.41%
10 year 3.0/3.24%
My mortgage isn't through them but I use them for auto loans and the like. They are legit.
15 year at 3.25? 
but but but...T-rump is telling the fed that they'd better cut the rate...BY A FUCKING POINT. good times are just ahead, i tell ya...GOOD TIMES!
I’ll refinance my debts happily if they cut the prime rate by anywhere near that.
Nov. 2024 for us, IIRC
Balls. That 10 year is tempting. Fees?Check out DCU:
Mortgage Loans | DCU
Mortgage programs that fit your needs with DCU service for the life of your loan.
30 year 3.625% nominal/3.72% APR
15 year 3.25/3.41%
10 year 3.0/3.24%
My mortgage isn't through them but I use them for auto loans and the like. They are legit.
I'm just over here drowning in debt.
High as fuck. I would not be surprised if approaching $10k.
things are finally getting to the point where it may be advantageous for us to refinance (we're at 3.75% fixed / 30yr), but there are other factors at play that may render that entirely unnecessary.Check out DCU:
Mortgage Loans | DCU
Mortgage programs that fit your needs with DCU service for the life of your loan.
30 year 3.625% nominal/3.72% APR
15 year 3.25/3.41%
10 year 3.0/3.24%
My mortgage isn't through them but I use them for auto loans and the like. They are legit.
Ditto.
Just got all sorted to put an offer on an apartment in france but woke this morning to an email from the agent.... Someone else put an offer on it overnight. 
Dammit, that leaves 2 options.
Offer the asking price or go for the next nearest apartment which is 20k more (nicer though).
Also French legal fees are crazy pricey compared to here in NZ.
€5100 for legals fees and taxes...... My house here in NZ was about €350 for that.
Dammit, that leaves 2 options.
Offer the asking price or go for the next nearest apartment which is 20k more (nicer though).
Also French legal fees are crazy pricey compared to here in NZ.
€5100 for legals fees and taxes...... My house here in NZ was about €350 for that.
Why France, of all places?Just got all sorted to put an offer on an apartment in france but woke this morning to an email from the agent.... Someone else put an offer on it overnight.
Dammit, that leaves 2 options.
Offer the asking price or go for the next nearest apartment which is 20k more (nicer though).
Also French legal fees are crazy pricey compared to here in NZ.
€5100 for legals fees and taxes...... My house here in NZ was about €350 for that.
France is awesome. I'm jelly.....
Cough up.Just got all sorted to put an offer on an apartment in france but woke this morning to an email from the agent.... Someone else put an offer on it overnight.
Dammit, that leaves 2 options.
Offer the asking price or go for the next nearest apartment which is 20k more (nicer though).
Also French legal fees are crazy pricey compared to here in NZ.
€5100 for legals fees and taxes...... My house here in NZ was about €350 for that.
Life is too short to wait for lightning striking twice.
About 7km down the road from his newish place.
100m from the gondola in Saint Jean d`Aulps and on the main ski run (literally ski from the door).
A bit further out of Morzine town than I'd like but it's still only a 8-9km from the SuperMorzine lift.... Google calls it a 9min drive?
That sounds amazing! Congrats, Dave.
Just out of curiosity... how does that work, in terms of a furriner renting a flat in France? I'm curious because I'd like to eventually "retire" to a life of kind of wandering around and living different places... so I'm wondering how the logistics work out.
