- Joined
- Nov 23, 2021
- Messages
- 399
It's all about the stuff we can't talk about! World has gone nuts!!!
Stair chairs help with a lot of that or they convert a downstairs room into a bedroom. Baby boomers do not want to move into an assisted living facility. It's incredibly depressing for them, being surrounded by the dead and dying all day every day. Never mind that they saw what their parents went through.Probably not the case in an area where ranch style homes are not common or popular.
And it is possible to get a multi-story home with a master on the main level, but many builders didn't even offer that as an option until within the last, say, 20 years.
That leaves a HUGE population of multi-story homes built in the 90s and prior which you can be sure don't have a master on the main level.
Yeah, but you know?It's all about the stuff we can't talk about! World has gone nuts!!!
While there is nothing wrong with being thrifty-your plan is too "simplistic". With the escalation of real estate prices-you could quit eating and drinking altogether and live in a cave and it's still going to take substantial time to save a down payment (more than 20%) to make a home payment affordable-in any place that's desirable.Yeah, but you know?
In mankind's history, life has never been more easy. Never, ever more easy than it is now.
For people that say they cant afford something, look at all the "fluff" luxury's in their lives that people didnt have or buy into 50 years ago.
You want to afford a home? Do what people did back then.
Make your own dinners, buy a cheap car, dont PAY to watch TV, make your own coffee, own a cheap phone and phone plan.
Skip all kinds of fast foods and places to eat, again, make your own meals. No going out to bars, no Starbucks.
Forget boats, jet skis, planes and vacations other than a tent of motel in the woods. Forget buying furniture except for the most basic needs.
Put a down payment down on a 3 br 1+ bth home and pay for it, as you pay for it and as you see what else you can afford, AFTER the home is the time to buy that stuff.
Someone else posted in here and is 100% correct. 6% interest rates are cheap. Anything from 6 to 10% is reasonable.
Most of all if you can't do it where you currently live, that move to another state. Easy stuff man.
Only works if you plan to stay in exactly the same place for a long time. Then yes, it doesn't matter, get your mortgage, lock in your payment move along.Yeah, but you know?
In mankind's history, life has never been more easy. Never, ever more easy than it is now.
For people that say they cant afford something, look at all the "fluff" luxury's in their lives that people didnt have or buy into 50 years ago.
You want to afford a home? Do what people did back then.
Make your own dinners, buy a cheap car, dont PAY to watch TV, make your own coffee, own a cheap phone and phone plan.
Skip all kinds of fast foods and places to eat, again, make your own meals. No going out to bars, no Starbucks.
Forget boats, jet skis, planes and vacations other than a tent of motel in the woods. Forget buying furniture except for the most basic needs.
Put a down payment down on a 3 br 1+ bth home and pay for it, as you pay for it and as you see what else you can afford, AFTER the home is the time to buy that stuff.
Someone else posted in here and is 100% correct. 6% interest rates are cheap. Anything from 6 to 10% is reasonable.
Most of all if you can't do it where you currently live, that move to another state. Easy stuff man.
How does one get shafted?Only works if you plan to stay in exactly the same place for a long time. Then yes, it doesn't matter, get your mortgage, lock in your payment move along.
What happens if you loose your job? This is what happened in 2008 - people bought houses - contrary to the narrative most people in normal cities simply bought normal houses on fixed loans, but when the economy dumped lots of people were shafted, and many still haven't recovered.
In 2008 no person could get a mortgage, no matter income or stability. If by some miracle you could, your house would never appraise, no matter what the number. No mortgage, no appraisal, meant no one could sell a house at any price.How does one get shafted?
Economies go up and down, sideways and every which way. We are all free individuals to pick and chose our housing and jobs there is no such thing as guaranteed housing and work, except maybe prison.
This is completely incorrectIn 2008 no person could get a mortgage, no matter income or stability. If by some miracle you could, your house would never appraise, no matter what the number. No mortgage, no appraisal, meant no one could sell a house at any price.
They were more than happy to give loans if they weren’t in active bankruptcyThis is completely incorrect
While there is nothing wrong with being thrifty-your plan is too "simplistic". With the escalation of real estate prices-you could quit eating and drinking altogether and live in a cave and it's still going to take substantial time to save a down payment (more than 20%) to make a home payment affordable-in any place that's desirable.
The poster on here who keeps posting real estate threads on here is a good example. He is basically chasing escalating prices in desirable ares.
I bought my house 12 years ago when I relocated and retired. It was $200,000.00 Now it's well over a half-million. Explain how that escalation would make it "easier" on a new buyer.
It's like saying an oil stash will let you retire early.......
Yes, its very difficult to save for a down payment and paying rent to live in a decent area with low crime.
in a nutshell: people just want to have it all and now, sort of an entitlement outlook, while not wanting to sacrifice anything in the processYeah, but you know?
In mankind's history, life has never been more easy. Never, ever more easy than it is now.
For people that say they cant afford something, look at all the "fluff" luxury's in their lives that people didnt have or buy into 50 years ago.
You want to afford a home? Do what people did back then.
Make your own dinners, buy a cheap car, dont PAY to watch TV, make your own coffee, own a cheap phone and phone plan.
Skip all kinds of fast foods and places to eat, again, make your own meals. No going out to bars, no Starbucks.
Forget boats, jet skis, planes and vacations other than a tent of motel in the woods. Forget buying furniture except for the most basic needs.
Put a down payment down on a 3 br 1+ bth home and pay for it, as you pay for it and as you see what else you can afford, AFTER the home is the time to buy that stuff.
Someone else posted in here and is 100% correct. 6% interest rates are cheap. Anything from 6 to 10% is reasonable.
Most of all if you can't do it where you currently live, that move to another state. Easy stuff man.
My house-flipping friend had lots of cash during that time to buy foreclosures. He was shocked at how many banks refused to sell him foreclosed homes. Banks got bailed out so they didn't have to sell. Definitely cronyism.In 2008 no person could get a mortgage, no matter income or stability.
In the meantime, BlackRock borrowed billions from the fed at 0% and bought everything they could, which is why they are now the largest landlord in the country.
Not to mention those that lived in their houses without making payments for years for free, because the banks didn't want to take the foreclosure write down on their books. It prolonged the bust. Those that paid their mortgages got no such benefit.
Your comment assumes a free market economy, not crony capitalism.
Banks and certain “debtors” holding properties should be forced to pay property taxes, that would light a fire under their rear.My house-flipping friend had lots of cash during that time to buy foreclosures. He was shocked at how many banks refused to sell him foreclosed homes. Banks got bailed out so they didn't have to sell. Definitely cronyism.
No not really if you analyze it. First let me say not sure why the ref to the 20% Im just comparing apples to apples. Either way a buyer needs a down payment and not many put down the full 20% but even if so, down payment is the down payment.While there is nothing wrong with being thrifty-your plan is too "simplistic". With the escalation of real estate prices-you could quit eating and drinking altogether and live in a cave and it's still going to take substantial time to save a down payment (more than 20%) to make a home payment affordable-in any place that's desirable.
The poster on here who keeps posting real estate threads on here is a good example. He is basically chasing escalating prices in desirable ares.
I bought my house 12 years ago when I relocated and retired. It was $200,000.00 Now it's well over a half-million. Explain how that escalation would make it "easier" on a new buyer.
It's like saying an oil stash will let you retire early.......