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  1. #7351
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    Most car payments are more. Explains the shiny new 60 grand pickups in trash country.

  2. #7352
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    Dec 2016
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    Quote Originally Posted by goldenboy View Post
    Hard to imagine writing a mortgage check for like $250/ month.
    What about $0/month? Can you imagine that?

  3. #7353
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    Oct 2005
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    Idaho
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    Quote Originally Posted by goldenboy View Post
    Hard to imagine writing a mortgage check for like $250/ month.
    Especially when it's 50% of your gross income.

  4. #7354
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    Aug 2006
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    This chart is pretty much unbelievable. From their selected "metro" areas, to Boston only being 1660 bucks? Yeah fucking right.
    Live Free or Die

  5. #7355
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    May 2008
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    On a genuine ol' fashioned authentic steam powered aereoplane
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    16,804
    Quote Originally Posted by goldenboy View Post
    Hard to imagine writing a mortgage check for like $250/ month.
    Quote Originally Posted by Benny Profane View Post
    Most car payments are more. Explains the shiny new 60 grand pickups in trash country.
    Honestly, doesn't sound all that bad. If I had a house that cheap I would just have a payment on a nice Sprinter and never be home anyway.

    Drive 45 minutes outside of town here and it's tons of smaller ranch homes with giant brand new 5th wheel campers parked next to the house + 2018/2019 diesel pickups. When your house is free (probably was paid off by their parents in the 80s) or super effing cheap/month, why not?

    I'm envious.

  6. #7356
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    Aug 2006
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    Yeah I can't really fault guys who have the essentials taken care of and are living their version of the best redneck life. Sure they probably aren't saving a dime but what for if your place is 250 a month. You can float that on social security.

    Diesel pickups, 5th wheels and side by sides are fun as hell so I see the allure. It would also be funny to hear them clap back at Bunny and his road bike/spandex.
    Live Free or Die

  7. #7357
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    Aug 2016
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    other than being in Duncan, OK the few places on Zillow didn't look bad for $250/month. Older, dated, but appeared in decent condition. Not teardown crackshacks.

    they describe the methodology - median zillow sale, 20% down on a 30-year mortgage.

  8. #7358
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    Oct 2007
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    I'd prefer to pay a premium for a small but liveable home with great skiing and biking out my door than living in podunk TN and have a bigger, cheaper house, and nice truck. Also being surrounded by like minded people in the mountains is worth a premium rather than being in a state where I would not agree with many people's religious or political beliefs.

  9. #7359
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    Dec 2009
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    The Mayonnaisium
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    10,467
    Quote Originally Posted by shredgnar View Post
    I'd prefer to pay a premium for a small but liveable home with great skiing and biking out my door than living in podunk TN and have a bigger, cheaper house, and nice truck. Also being surrounded by like minded people in the mountains is worth a premium rather than being in a state where I would not agree with many people's religious or political beliefs.
    How small is small and how big is big?

  10. #7360
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    Dec 2016
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    In a van... down by the river
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    Quote Originally Posted by Mazderati View Post
    How small is small and how big is big?
    Small: 1000 sq ft
    Big: Anything over 1000 sq ft

    YMMV

  11. #7361
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    Jan 2010
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    your vacation
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    4,718
    Quote Originally Posted by Benny Profane View Post
    Check out those Colorado ski country numbers.

    https://howmuch.net/articles/americas-mortgage-map-2019
    I read an article awhile ago about colorado, I think we are one of the highest debt states
    between the sprinter vans, house you can't afford, new cars, and credit card debt we are right up there living the life bro

  12. #7362
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    Oct 2003
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    slc
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    Quote Originally Posted by dunfree View Post
    they describe the methodology - median zillow sale, 20% down on a 30-year mortgage.
    Who puts 20% down these days? Or any time in the last 20+ years?

  13. #7363
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    Dec 2016
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    Quote Originally Posted by Dantheman View Post
    Who puts 20% down these days? Or any time in the last 20+ years?
    <raises hand>

  14. #7364
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    Oct 2007
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    12,609
    Quote Originally Posted by Dantheman View Post
    Who puts 20% down these days? Or any time in the last 20+ years?
    We put 5% down at 4% interest in 2012.

  15. #7365
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    May 2007
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    Sandy, Utah
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    Quote Originally Posted by Dantheman View Post
    Who puts 20% down these days? Or any time in the last 20+ years?
    Hand raised

  16. #7366
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    Aug 2011
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    panhandle locdog
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    Pmi sucks


    Sent from my iPhone using TGR Forums

  17. #7367
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    Sep 2005
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    Quote Originally Posted by Dantheman View Post
    Who puts 20% down these days? Or any time in the last 20+ years?
    I didn't in 2005 when I bought my house, but I will for my next house.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  18. #7368
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    Oct 2007
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    Quote Originally Posted by Leavenworth Skier View Post
    Pmi sucks
    We didn't have to pay PMI, even at 5% down.

    I'd rather have the money invested somewhere else besides my house.

  19. #7369
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    May 2008
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    Quote Originally Posted by Bromontane View Post
    Living in a mecca of Sprinters it's hard for me to understand why they're so popular. The people they make sense for are travelling (climbers) & well-off professionals without kids. Anyone outside that demographic seems to want them more than they need them. A buddy that's financially set & focuses mostly on biking even decided it was overkill, eventually selling his Sprinter for a Prius with a rack. Personally, weekend trips are just fine in my Element. Very cheap to run & comes with a 4'x5' bed and storage.



    Yeah, I can't legitimize paying it so we're delaying to save for a full 20%dp.

    Same deal here. Lots of families with dope sprinters that sit in the driveway 50 weeks a year. I'm single, no pets, and have a flexible work schedule. I could actually use mine quite a bit. Have done week long trips out of my pickup + topper. It is better than a tent, but still kind of a pain sliding in and out to sleep, etc. Being able to stand up inside a vehicle would be huge.

  20. #7370
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    Quote Originally Posted by Dantheman View Post
    Who puts 20% down these days? Or any time in the last 20+ years?
    Says all the trust funders.

  21. #7371
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    Quote Originally Posted by Dantheman View Post
    Who puts 20% down these days? Or any time in the last 20+ years?
    People in Duncan, OK might - $10k ain't that much - otherwise, no idea.

    Most of those cheap markets people have little "invested" in their homes because values don't go up much. If they are plowing money into them - and people do - it's all about wants not expected appreciation.

  22. #7372
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    Oct 2007
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    Quote Originally Posted by Benny Profane View Post
    Says people who lost their whole downpayment and more in bankruptcy during the last housing bubble.
    FIFY

  23. #7373
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    Quote Originally Posted by shredgnar View Post
    We didn't have to pay PMI, even at 5% down.

    I'd rather have the money invested somewhere else besides my house.
    Did you do 80/15 mortgages? If not, how did you avoid PMI?
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  24. #7374
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    Nov 2003
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    Portland
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    17,475
    Quote Originally Posted by Danno View Post
    Did you do 80/15 mortgages? If not, how did you avoid PMI?
    my thought exactly. on our first pad in the early 00's we did the FHA loan thing and put down 5%....on subsequent purchases it's been 20% to avoid PMI.
    Damn shame, throwing away a perfectly good white boy like that

  25. #7375
    Join Date
    Aug 2011
    Location
    panhandle locdog
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    Real Estate Crash thread

    I bought my house as a distressed property/foreclosure with 3% down on a 203k loan. I paid pmi for 1ish year. It sucked.

    I refinanced once all rehab work was done and somehow ended up with no pmi due to the massive increase in appraised value. (200k, house had a failed water system and non compliant septic when I purchased)

    All part of the plan. Next house will be 20% down most likely. But part of that is I plan on buying another cheap foreclosure and I should be walking away with a big chunk of cash from the sale of the house I’m in right now. So 20% down might only be $25-30k down.

    A lot of people I know putting 20% or more down are cashing out there houses in Seattle or whatnot that increased value bigly in the last 5 years and are moving to less expensive areas of the state/country.


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