Results 7,351 to 7,375 of 27073
Thread: Real Estate Crash thread
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05-16-2019, 08:42 AM #7351
Most car payments are more. Explains the shiny new 60 grand pickups in trash country.
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05-16-2019, 08:42 AM #7352
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05-16-2019, 08:43 AM #7353Hucked to flat once
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05-16-2019, 08:46 AM #7354
This chart is pretty much unbelievable. From their selected "metro" areas, to Boston only being 1660 bucks? Yeah fucking right.
Live Free or Die
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05-16-2019, 08:57 AM #7355
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.
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05-16-2019, 09:05 AM #7356
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
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05-16-2019, 09:20 AM #7357
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.
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05-16-2019, 09:27 AM #7358Registered User
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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.
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05-16-2019, 09:31 AM #7359
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05-16-2019, 09:35 AM #7360
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05-16-2019, 09:35 AM #7361Registered User
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05-16-2019, 09:44 AM #7362
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05-16-2019, 09:48 AM #7363
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05-16-2019, 09:54 AM #7364Registered User
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05-16-2019, 09:54 AM #7365Banned
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05-16-2019, 10:00 AM #7366
Pmi sucks
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05-16-2019, 10:01 AM #7367"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
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05-16-2019, 10:36 AM #7368Registered User
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05-16-2019, 10:37 AM #7369
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.
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05-16-2019, 10:42 AM #7370
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05-16-2019, 10:53 AM #7371
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.
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05-16-2019, 10:53 AM #7372Registered User
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05-16-2019, 11:01 AM #7373"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
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05-16-2019, 11:03 AM #7374
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05-16-2019, 11:08 AM #7375
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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