Quantcast

More real estate doom and gloom

Toshi

butthole powerwashing evangelist
Oct 23, 2001
40,398
9,215
old white people ruining everything

except, you, Watz. you're okay, and Wendell, too
 

mykel

closer to Periwinkle
Apr 19, 2013
5,632
4,329
sw ontario canada
I'm all about the Werthers as well.
Prefer the soft chewy caramels over the hard ones, but either are great.
Don't think it is just an old dude thing, as both my kids (21 and 31) also love them.

Gave them both a bag at Christmas, but the little fucks did not share. :disgust1:
 

stevew

resident influencer
Sep 21, 2001
41,468
10,381
do you think the permit process for construction will get streamlined in california?
 

stevew

resident influencer
Sep 21, 2001
41,468
10,381
Oh, I’m always packin’ some Werthers, it’s like an O.G. Gang Sign/Secret Handshake.

Lol, I should make some Steal Your Face shirts with Werthers in the skull, “Old And In Your Way”
I have a steal your face mash up of...

mobb deep

dr dre

sturgill simpson....I think
 

Brian HCM#1

Don’t feed the troll
Sep 7, 2001
32,324
400
Bay Area, California
do you think the permit process for construction will get streamlined in california?
Probably not, they will make it as difficult as possible, after all its California. Back in 1991 after the Oakland hills fire they didn't have all the red tape they do today here in CA. They were scraping lots after 3-6 months and started building once the home owner designed their home and plans & engineering were approved because most were on very steep hillsides. Within a year, they started to rebuilding homes. I was a plumbing contractor back then and did about a dozen or so homes in the hills.
 

Jm_

sled dog's bollocks
Jan 14, 2002
20,595
11,093
AK
I heard on the news that house values would plummet if the houses cant be insured.




Do u promise?
 

stevew

resident influencer
Sep 21, 2001
41,468
10,381
I have only ever known one family to lose a house to fire....

when i lived in virginia....it was a farm house built in the early 1800's.....

it wasn't a nice one either....

and then there was the house under construction at the bottom of the hill we lived on that blew up...
 

stevew

resident influencer
Sep 21, 2001
41,468
10,381
so the house around the corner from my parents that got flattened by a couple trees during a storm last march....

they are finally laying cinderblock down...

10 months later..

fuck that.
 

stevew

resident influencer
Sep 21, 2001
41,468
10,381
 

mandown

Poopdeck Repost
Jun 1, 2004
22,493
9,683
Transylvania 90210

jimmydean

The Official Meat of Ridemonkey
Sep 10, 2001
43,690
15,924
Portland, OR
Econ 101 - if there’s not a big enough supply of housing then just increase the price and the demand will go down.
My niece and her new husband just bought a house and their payments are $3200 a month. It's smaller and worth less than ours, I can't even imagine.
 

Brian HCM#1

Don’t feed the troll
Sep 7, 2001
32,324
400
Bay Area, California
I don't think so. Something like $550k with only 5% down @ near 7%. I don't recall all the specifics, I just recall the shock factor when they talked about finally closing.
It's tough especially for kids these days, more than likely with 5% down they're paying PMI. Depending on their credit score PMI is typically .5-1% of money borrowed which will stick around until they own 20% of their home. At least they were able to enter the game, which is great!
 

jimmydean

The Official Meat of Ridemonkey
Sep 10, 2001
43,690
15,924
Portland, OR
It's tough especially for kids these days, more than likely with 5% down they're paying PMI. Depending on their credit score PMI is typically .5-1% of money borrowed which will stick around until they own 20% of their home. At least they were able to enter the game, which is great!
Maybe. When you go from $1800 in rent to nearly double for mortgage, it's kind of a budget killer. As long as he keeps working, they will be OK, but no way in hell they can cover that if something happens to one of their incomes. And it's way more than 30% of their take home which also is less than ideal.
 

Brian HCM#1

Don’t feed the troll
Sep 7, 2001
32,324
400
Bay Area, California
Maybe. When you go from $1800 in rent to nearly double for mortgage, it's kind of a budget killer. As long as he keeps working, they will be OK, but no way in hell they can cover that if something happens to one of their incomes. And it's way more than 30% of their take home which also is less than ideal.
Being house poor sucks! They should be able to write off the interest paid on the loan, and maybe the state has some other tax breaks for first time home buyers. Still better to own than rent. It's an adjustment, I'm sure they will be fine after the first 6 months once they get used to the routine. Hopefully rates will start to drop in the next year or so and they can refinance. You're just paying mostly interest for the first several years, so it's not a big loss to do so.