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re: Cost to buy = $2,700/month. Cost to rent = $1,850/month

Posted on 5/25/23 at 11:59 am to
Posted by stout
Porte du Lafitte
Member since Sep 2006
179681 posts
Posted on 5/25/23 at 11:59 am to
quote:

But the whole "nothing fits b/c there was no standard in 1900" is the most annoying part.


Yea and that is time-consuming having to custom build something or adapt what is out there.

I do miss living downtown not far from you. Downtown is going to be great in a few more years.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466943 posts
Posted on 5/25/23 at 11:59 am to
I have a handyman who is pretty good with older houses and fixing random shite.

quote:

Downtown is going to be great in a few more years.

I worry what closing St Louis will do to this area
Posted by stout
Porte du Lafitte
Member since Sep 2006
179681 posts
Posted on 5/25/23 at 12:02 pm to
quote:

I worry what closing St Louis will do to this area



Yea, the only bad thing about the Garden District is 12th Street is a literal boundary between peace and violence. You get on over to Rose St and gunfire is a normal evening occurrence.

Without St Louis to anchor that area there might be some flight happening.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179681 posts
Posted on 5/25/23 at 12:06 pm to
quote:

Our house is 48 years old. It's definitely cost more in maintenance than a newer house but I expected that. In the price range we were looking at a decade ago it was older house or cookie cutter.


We were about to build until we found this house. 24 years old and it was storm damaged. I gutted it while we lived in the guest house and I spent several months doing a lot of the custom work myself once my crews did the demo and drywall. It's still not new and exactly what we wanted but I could sell it today and double my money and then some.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
73319 posts
Posted on 5/25/23 at 12:25 pm to
quote:

That would be your fmv. Your assessed value woould be 150. Homestead exemption brings you down to 140.

Post your millage rates.



My PI is $991/m. I don't have the amortization split in front of me right now.

My PITI is $1851.

My homeowners insurance is $2360 for the year, or $196/m.

The difference is $664 a month in pure property tax going to escrow. My starting payment in 2017 was only $1260, so you can see how I'm being raped by Gwinnett County for the privilege of having blackrock and zillow buy up everything around me for outrageous prices only to rent them out to multi-family transients. I don't even get the benefit of the school system because mine goes private because the public ones have gone to shite, despite their budgets doubling over the last 5 years.
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9583 posts
Posted on 5/25/23 at 12:55 pm to
quote:

The older ones, born in the 80s, are generally doing fine in terms of wealth and housing.


'89 checking in and can confirm.
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9583 posts
Posted on 5/25/23 at 1:07 pm to
quote:

This is extremely unnecessary




Walkable areas such as bars and restaurants are based as frick and a major factor in why I bought my house. It is awesome to walk to places and not worry about parking.

Car culture suburbs are cringe as frick.
This post was edited on 5/25/23 at 1:13 pm
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7701 posts
Posted on 5/25/23 at 1:08 pm to
quote:

Walkable areas such as bars and restaurants are based as frick and a major factor in why I bought my house. It is awesome to walk to places and not worry about parking.

Car culture suburbs are cringe as frick.


As Austin continues to grow I'm hoping we get more walkable areas. When we were in Uptown Dallas it was awesome as I never had to get in my car and go anywhere. I could just walk
Posted by Byron Bojangles III
Member since Nov 2012
52087 posts
Posted on 5/25/23 at 1:10 pm to
quote:

And who voted for the politicians that have created this mess?


biggest myth of them all. R or D doesn't matter policies get passed based on who pays the most. Always has and always will be. The government does not have the peoples best interest.
Posted by Centinel
Idaho
Member since Sep 2016
44349 posts
Posted on 5/25/23 at 1:11 pm to
quote:

Walkable areas such as bars and restaurants are based as frick and a major factor in why I bought my house. It is awesome to walk to places and not worry about parking.

Car culture suburbs are cringe as frick.


And people that prefer acreage and not having their neighbors looking in to their windows? They cringe as frick too?
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9583 posts
Posted on 5/25/23 at 1:11 pm to
quote:

When we were in Uptown Dallas it was awesome as I never had to get in my car and go anywhere. I could just walk


My man.

I lived off Will Rogers Parkway for a couple months years ago for work and was able to walk downtown to the office every morning and it was awesome.

These suburbs lovers are living all wrong.
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9583 posts
Posted on 5/25/23 at 1:14 pm to
quote:

And people that prefer acreage and not having their neighbors looking in to their windows?


Did I reference the country baws?

I was talking about the suburbs that are subsidized by us city dwellers as the suburbs take up WAY MORE public resources than the corresponding taxes they pay in.
Posted by Areddishfish
The Wild West
Member since Oct 2015
6453 posts
Posted on 5/25/23 at 1:17 pm to
quote:

How many single adults entering the workforce can afford $1,850 rent + transportation + groceries + utilities + all other necessities? I get cutting back on unnecessary expenditures but even college grads with decent jobs are struggling to live beyond paycheck to paycheck without having to go into credit card debt or even pay student loans.



And that's barring no catastrophe like I had less than a year out of college and getting cancer.
Posted by Byron Bojangles III
Member since Nov 2012
52087 posts
Posted on 5/25/23 at 1:25 pm to
quote:

And that's barring no catastrophe like I had less than a year out of college and getting cancer.
hope everything is good with you now baw.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40326 posts
Posted on 5/25/23 at 1:36 pm to
quote:

The difference is $664 a month in pure property tax going to escrow.


You might want to get with your mortgage servicer because there’s no way in hell you should be paying 5.6% of your assessed value (after homestead exemption) in gwinnett county.
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7701 posts
Posted on 5/25/23 at 1:46 pm to
I had 2 different apartments in State Thomas and then we moved into my now-wife's condo in Highland Park. Moving there felt like the suburbs at the time because my local bars/restaurants weren't on the same block, but we still had a grocery store and a bunch of other stuff within walking distance.

Now I've got to drive just to go to the corner store. Hopefully that is fixed once they finish all of the construction that's going on
Posted by LaLadyinTx
Cypress, TX
Member since Nov 2018
7133 posts
Posted on 5/25/23 at 2:09 pm to
quote:

Laughing about people living in the wrong place. That is all.

Earlier you were promoting people buy in areas that are on the verge of becoming shitty Section 8 cesspools


LMAO...areas of the country, not specific areas of the city.

And I did not say on the verge of becoming shitty section 8 cesspools. I know the specific places I'm speaking of, and they are not that.
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7701 posts
Posted on 5/25/23 at 2:25 pm to
quote:

LMAO...areas of the country, not specific areas of the city.


This is an even dumber argument. People wanting to/needing to live in specific areas of a city for prices makes sense. Saying someone should move to Kansas because Atlanta is expensive is dumb.
Posted by fwtex
Member since Nov 2019
3261 posts
Posted on 5/25/23 at 2:28 pm to
I remember some idiots demanding $15-$20/hr minimal wage a few years ago. They never spoke about the inflation it would cause. The idiots thought wages existed in a vacuum and all else would remain the same. Stupid Democrats.
Posted by Areddishfish
The Wild West
Member since Oct 2015
6453 posts
Posted on 5/25/23 at 3:06 pm to
quote:

hope everything is good with you now baw.




Cancer wise it is excellent! 7.5 years cancer free after stem cell transplant. However, due to the stem cell transplant, I will need a double lung transplant eventually. The cost of living is what I call it haha.
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