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/h/personal House Vampire Founder
FrozenChosen they/them Yes I went blonde again 💅🏻  1yr ago (text post) 1,395 thread views #218565
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The elephants who live above me: ah yes today I will do indoor bowling :marseyclueless:

Why does it sound so loud :marseyraging:

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homeowners stay winning

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I'd buy a place but interest rates are super high rn :(((

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When interest rates fall, housing prices will rise to make up the difference.

Assuming rates will go down, the best thing to do is buy now when prices are cheap and debt is expensive, and sell or refinance later when prices are expensive and debt is cheap. Hold out a few years, and be left with both a low rate and a low price.

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Yeah I wouldn't want to be looking at houses right now. Mine is 3.25% and even that's higher than what I could have gotten later.

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Hey 😏

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2.6 on 20 acres, 3100 sqft. 12 minutes to city center, of a city everyone knows.

:#scoot:

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:blush:

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https://media.giphy.com/media/YSAwJMuNgL0Q3NKEem/giphy.webp

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That city? Bakhmut

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It's a buyer's market :marseysuit:

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who are you and why are you stealing my emote i'm suing you in rdrama court for 10k DC :hmph:

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Get bent :scoot#:

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I mean I know Reno and Gary and Tulsa too. Not really a bragging right.

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Just because everyone knows of Topeka doesn't mean it's worth living there.

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If it only takes 12 minutes from your shack in the woods to the :quote:city:quote: center, it's not a city any one cares about or has heard of.

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Just pay cash for your house, neighbor.

:marseycool:

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Not yet in that tax bracket but soon 😈

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I bet posting fat kitty would get you there sooner tbh

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:#marseypuke:

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>found 75 coins

I dropped those, please return them.

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my next house might be cash

:#platyrich:

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I'm unironically planning for a 50% down payment when I buy a house in the near/mid future.

It's certainly one way to sidestep high interest rates, just put a ton down and kill the rest of the mortgage in 5 years.

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They won't even give me a loan without a 50% down payment with my income :pepedance:

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Are you a Chinese child working in a sweatshop? An actual McDonaldscel can get a mortage with 25% down, the bank doesnt give a frick with LTV that good, they'll just foreclose if you even consider the possibility of missing part of a payment

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Worse, I'm a Europoor in academia, we get paid less than McDonaldscels.

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Why would you ever let this happen to yourself?

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Just put 65k down. Nbd.

:marse#yitsover:

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125 where I live.

:marseyitsover:

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But why? You can take the mortgage interest as an itemized deduction so you effectively get a discount (if you benefit from itemizing), and you can reasonably expect the return on other investments like stock to be above current mortgage rates.

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and you can reasonably expect the return on other investments like stock to be above current mortgage rates.

That was true at 4%, somewhat less true at 7%. Money put against the principal is effectively a guaranteed 7% return which is pretty good.

The real reason though is that I want to retire early and I want to do so with a fully paid off mortgage.

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its so fricking bleak out here. we're pushing 8% interest rates right now.

:marseysulk:

i am happy for you and the other ppl that snapped up property before the market went insane.

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The market crash will happen and mom's basementcels who have been saving instead of paying crazy rent will rise up.

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People keep saying this but I don't think it's ever happening. Burgers generally don't save enough for retirement and only have their home equity. People lost their minds when home values dropped in 2008 because they had no other savings or investments. Why wouldn't the government try to prevent this from happening the next time around?

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I'm convinced that time is a big flat circle. We just had the bizarro segregation arc where bipocs wanted to be segregated instead of ending it. Try to nootice :marseynoooticer: the similarities :marseynoyou: and plan accordingly for what should come next.

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There are a substantial amount of millennials who really believe that they're going to roll in and get a 3000 sq. ft. house for peanuts without a down payment

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Saving on empty mountain dews alright

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I would love for it to happen but I just don't think it will. I mean yeah there will be a drop but I doubt it'll be more than 20%.

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Freedom ain't free, pipsqueak

https://i.rdrama.net/images/16993135703468268.webp

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save. there will be forclosures eventually. Imagine how dramatic it is when you buy some broke peoples home

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Hasn't been a worse time to buy in decades. Definitely wait unless you can't.

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Skill issue

Secure lower interest rates by simply buying in a low rate environment

:#marseyderpthumbsup:

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Go buy a piece of land with electricity far edge of your county and put a trailer on it dude

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Thats poorcel cope. The second they drop, home prices go up.

Trans lives matter.

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I blast techno on floor standing speakers with dual subs. Can't even hear it 5 feet away from my house. If anyone stomps on my roof or makes even the slightest sound that bothers me, I can legally shoot them.

https://media.giphy.com/media/sLEnpAITyh3lC/giphy.webp

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I'm gonna blast music because I can :marseyvibing:

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