I have a down payment for a house but seeing $100 of interest income a month is giving me second thoughts

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5 years ago 12/12/2018 2:14pm EST

re: Racket

Racket wrote:
Dbndndndnend wrote:
Honestly 2009-2013 will probably go down as the best chance in usa history to have bought property/properties in our lifetimes. The next economic “crash”/“Recession” will likely be based on something else like corporate debt, auto loans and student loans etc, but not housing.
No one said a "crash" is going to happen , especially not from a contraction in housing prices so that's your first retarded strike against you.
The second one is that you think student loan debt will cause a crash, and the third is that you think auto loans will cause a crash.

A lot of people do-Maybe not on this thread, but the general comments in other threads and from retards on the Internet from trolls online say they heard from Peter Schiff and other idiots that the world is coming to an end

5 years ago 12/12/2018 2:37pm EST

re: Anywhere almost

Anywhere almost wrote:
Syracuse $128k
Buffalo $129k
Tucson $192k
El Paso $149k
Atlanta $192k
St. Louis $170k
Champaign $145k
Cleveland $138k
Green Bay $149k
Mobile $133k
Kansas City $188k

every one of those cities suck.

What are rental prices vs mortgage prices in your area?

What's the likelihood you'll want/need to move in the next ~10 years?

Those are two critical questions to your answer, regardless of if you have $0 or $1Mil in income per month from savings.

Buying or renting is a simple question. Don't obfuscate it with other details of your income.

5 years ago 12/12/2018 6:25pm EST

re: UsedToBeKnowItAll

UsedToBeKnowItAll wrote:
What are rental prices vs mortgage prices in your area?
What's the likelihood you'll want/need to move in the next ~10 years?
Those are two critical questions to your answer, regardless of if you have $0 or $1Mil in income per month from savings.
Buying or renting is a simple question. Don't obfuscate it with other details of your income.

Columbus, OH renting $1,300/month in a decent apartment. Looking in the nicer areas for a $200,000 home. It will be a shoe box/starter home but nice location. Our loan will be about $140,000

5 years ago 12/12/2018 6:31pm EST

re: Racket

Racket wrote:
House flippers will be the first to get slaughtered (rightfully so as they're the worst people on Earth) .

So you think all the uninhabitable houses should just sit until they fall apart? Having thousands of boarded up vacant houses can't be good for any city. You think the people wanting to buy a house have the skill or money to make them livable?

Trump's 2019 recession is coming...buy at the bottom.

5 years ago 12/13/2018 11:47am EST

re: A guy the fake one

A guy the fake one wrote:
Needledik wrote:
Where do you turds live where a home is only $150,000??!!
Obviously no where near a major metro area with a good job market.

Where I live you can easily get a decent house for under $100,000.

Perhaps I will say the obvious things, but absolutely any family is simply obliged to have their own home. By the word own, I mean that you have fully bought this house, and not taken it on a mortgage. It is necessary to be prudent, because if you get a reduction at work, you will not be able to pay off loans and thus will be left without your home (I think you do not want this). In addition, now there is a large variety of houses and apartments that look very cool. If you want to see examples of modern buildings, then you can visit this site https://badyapalmhills.com/.

3 years ago 02/01/2021 10:00pm EST

re: I don't know what to do with money

That's why you pay str8 cash homie. You ain't gotta worry about no scam loan interest.

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I have a down payment for a house but seeing $100 of interest income a month is giving me second thoughts

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