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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Dec 13, 2019 11:46:09 GMT -5
Anyone else love reading about real estate? I’ve seen/read multiple news reports that many millennials have given up on buying property. I actually still haven’t bought my first home yet due to the insanely high property values here. But I’m still working on it Still, whether you rent, own, live with someone who does one, or just exist you have some connection with real estate. So we might as well discuss it
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Post by Sponsored by Groose Wipes on Dec 13, 2019 11:49:00 GMT -5
*Insert ItsFreeRealEstate.gif here*
Anyway to answer you question it's not something I actively look into.
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Push R Truth
Patti Mayonnaise
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Perpetually Constipated
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Post by Push R Truth on Dec 13, 2019 13:32:03 GMT -5
It's amazing just how wildly real estate swings in America. I have a 10 year old house and over 100 acres of woods on a trout steam, and it's less than half as much as my aunt's house middle-of-the-road house built in the 1950's in Chicago. And there is only a 3 hour drive between the two.
I live in relative luxury with less money than she lives in lower-middle-class. Real estate is a strange and finicky mistress.
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sabretooth
Don Corleone
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Post by sabretooth on Dec 13, 2019 14:16:25 GMT -5
Is Liv real estate yet?
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Dr. T is an alien
Patti Mayonnaise
Knows when to hold them, knows when to fold them
I've been found out!
Posts: 31,351
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Post by Dr. T is an alien on Dec 13, 2019 15:18:12 GMT -5
We are currently planning on downgrading our house situation. We currently own a 2 story, 4 bedroom, 2 1/2 bath house and don't need that much space anymore, especially as our kids continue to move out on us. We need to plan on a single level home because I have Bethlem Myopathy and we might as well plan on having an accessible home. Having a smaller mortgage would be pretty wizard too.
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Post by Limity (BLM) on Dec 13, 2019 19:30:55 GMT -5
I had an absolutely horrible experience owning a house a few years ago. I've been a renter before and after that, and really don't ever want to own again.
However I realize renting in perpetuity just isn't feasible, so I've been keeping an eye on 3D printed houses. They're incredibly cheap and durable, and I'm excited to see where the technology gets to in a few years when I'm ready to get one.
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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Dec 13, 2019 19:47:12 GMT -5
I had an absolutely horrible experience owning a house a few years ago. I've been a renter before and after that, and really don't ever want to own again. However I realize renting in perpetuity just isn't feasible, so I've been keeping an eye on 3D printed houses. They're incredibly cheap and durable, and I'm excited to see where the technology gets to in a few years when I'm ready to get one. Could you share some about your bad experience? Why was it bad exactly? I’m always interested to learn so I can avoid similar issues
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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Dec 13, 2019 19:48:36 GMT -5
We are currently planning on downgrading our house situation. We currently own a 2 story, 4 bedroom, 2 1/2 bath house and don't need that much space anymore, especially as our kids continue to move out on us. We need to plan on a single level home because I have Bethlem Myopathy and we might as well plan on having an accessible home. Having a smaller mortgage would be pretty wizard too. Before you decided to downgrade did you consider renting out your extra rooms? If so what made you decide to go with the downgrade anyway?
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Post by Citizen Snips Has Left on Dec 13, 2019 19:56:24 GMT -5
You know what it takes to sell real estate? It takes brass balls to sell real estate.
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Post by YAKMAN is ICHIBAN on Dec 13, 2019 20:00:22 GMT -5
Owned a condo in Chicago, one bedroom, needed to move due to impending child and took a bit of a haircut on it.
I’d love to own again but that loss and needing a second car depleted my savings a bit too much. Now my wife is still job hunting in Michigan.
Once we get her back to work maybe we could start saving for a down payment, but with student loan payments totaling 700 and daycare expenses that will be hard.
But I’m in mid Michigan now and not Chicago so home prices will be more attainable! Like under 200k is totally doable for a decent house which is just impossible in Chicago.
Currently paying 950 for a two bed townhouse with a basement! Was paying 1450 for a third floor three bed flat with no basement in Chicago and had downstairs neighbors.
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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Dec 13, 2019 20:17:02 GMT -5
Owned a condo in Chicago, one bedroom, needed to move due to impending child and took a bit of a haircut on it. I’d love to own again but that loss and needing a second car depleted my savings a bit too much. Now my wife is still job hunting in Michigan. Once we get her back to work maybe we could start saving for a down payment, but with student loan payments totaling 700 and daycare expenses that will be hard. But I’m in mid Michigan now and not Chicago so home prices will be more attainable! Like under 200k is totally doable for a decent house which is just impossible in Chicago. Currently paying 950 for a two bed townhouse with a basement! Was paying 1450 for a third floor three bed flat with no basement in Chicago and had downstairs neighbors. Yeah some cities have ridiculous rent prices. I don’t even live in the city of Boston proper. I live in Waltham which is a suburb and part of the Greater Boston area. Even then I pay $1290 a month for a studio. And I kind of lucked out/had to hunt to get that! At least it’s a nice studio and some might even classify it as a one bedroom. Still, I’m not looking forward to renewing the lease as I’m pretty much throwing away over $15,000 every year I stay there.
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Post by Limity (BLM) on Dec 13, 2019 21:00:18 GMT -5
I had an absolutely horrible experience owning a house a few years ago. I've been a renter before and after that, and really don't ever want to own again. However I realize renting in perpetuity just isn't feasible, so I've been keeping an eye on 3D printed houses. They're incredibly cheap and durable, and I'm excited to see where the technology gets to in a few years when I'm ready to get one. Could you share some about your bad experience? Why was it bad exactly? I’m always interested to learn so I can avoid similar issues My issues actually had very little to do with home ownership per se, more the circumstances and situation around it. The house came to be nothing more than an obligation, and anchor that kept me weighed down to a situation that I absolutely hated and wanted so desperately to get out of. So if anything is to be learned, I'd say take a long hard look at your present situation and environment when buying a house, and make sure it's something and somewhere you'll want to be in X amount of years.
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Dr. T is an alien
Patti Mayonnaise
Knows when to hold them, knows when to fold them
I've been found out!
Posts: 31,351
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Post by Dr. T is an alien on Dec 13, 2019 22:53:40 GMT -5
We are currently planning on downgrading our house situation. We currently own a 2 story, 4 bedroom, 2 1/2 bath house and don't need that much space anymore, especially as our kids continue to move out on us. We need to plan on a single level home because I have Bethlem Myopathy and we might as well plan on having an accessible home. Having a smaller mortgage would be pretty wizard too. Before you decided to downgrade did you consider renting out your extra rooms? If so what made you decide to go with the downgrade anyway? I am a 44 year old with a condition that causes 2/3 of all patients with it to require walking aides by 50. I best not continue to have a house where all of the bedrooms are in the second story.
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Heartbreaker
King Koopa
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Post by Heartbreaker on Dec 13, 2019 23:23:25 GMT -5
I'll never own a home. The lowest houses go for $500,000 in Melbourne. Same price can go for apartments too but they are built so cheap. It's only going to get worse from here.
I'm currently renting with my family and we're hoping to move soon because the house is falling apart and our landlord is a dick, but it's so hard to find a decent place, I see houses for rent that haven't been renovated in over 40 years.
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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Dec 15, 2019 14:53:54 GMT -5
Watching The Office now and it made me curious to look up condos in Scranton, PA because I remembered Michael bought one and took out a 30 year mortgage of it. It’s really baffling when you look at the prices and what Michael was making as a manager. I can’t remember if he bought the condo before or after he got the raise. Anyway, even before the raise he had to be making AT LEAST $60,000/yr as an underpaid branch manager. Condos in Scranton today only go for a little over $100,000. Even the really nice ones are in the $200,000 range. Probably considerably less when the episode was made. There’s no reason Michael had to take out a mortgage for that long. But it plays into him being a goofball who is bad with money so it works
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Post by DASH 243✅ on Dec 15, 2019 15:18:07 GMT -5
It's amazing just how wildly real estate swings in America. I have a 10 year old house and over 100 acres of woods on a trout steam, and it's less than half as much as my aunt's house middle-of-the-road house built in the 1950's in Chicago. And there is only a 3 hour drive between the two. I live in relative luxury with less money than she lives in lower-middle-class. Real estate is a strange and finicky mistress. Man here in Washington state your house would be worth like 10 million.
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Post by Limity (BLM) on Dec 15, 2019 18:35:11 GMT -5
It's amazing just how wildly real estate swings in America. I have a 10 year old house and over 100 acres of woods on a trout steam, and it's less than half as much as my aunt's house middle-of-the-road house built in the 1950's in Chicago. And there is only a 3 hour drive between the two. I live in relative luxury with less money than she lives in lower-middle-class. Real estate is a strange and finicky mistress. Man here in Washington state your house would be worth like 10 million. Where in Washington do you live? I'm in Everett.
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Post by DASH 243✅ on Dec 15, 2019 18:39:12 GMT -5
Man here in Washington state your house would be worth like 10 million. Where in Washington do you live? I'm in Everett. Bellingham I'm like an hour from you
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Post by Limity (BLM) on Dec 15, 2019 19:47:39 GMT -5
Where in Washington do you live? I'm in Everett. Bellingham I'm like an hour from you Hah! I was just there today, wandering around downtown.
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Sam Punk
Hank Scorpio
Own Nothing, Be Happy
Posts: 6,302
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Post by Sam Punk on Dec 15, 2019 20:10:33 GMT -5
I'm frustrated by all these real estate investors. They buy up all the affordable housing, often with all cash offers, and then either flip it or turn it into a rental. It's the biggest reason for the lack of affordable housing in this country.
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