- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/25/23 at 3:48 pm to JohnnyKilroy
Posted on 5/25/23 at 3:48 pm to JohnnyKilroy
quote:
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.
The county has my 2022 taxes posted at $5831. That's $484/m. 2023 will be assessed higher, as usual, so the escrow is set to expect that hike. I don't think the servicer is doing anything wrong, just trying to keep up with my property taxes so I don't get fricked with an unexpected bill later this year when the escrow won't cover it.
0
Posted on 5/25/23 at 3:55 pm to jclem11
quote:
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.
In what way? Please educate me.
Posted on 5/25/23 at 5:56 pm to BilbeauTBaggins
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.
Get a room mate and live in a less trendy part of town and drive a piece of shite vehicle like 95% of the people in previous generations before you did. Get a second job if you have to. Hell, get a second job even if you don't have to.
Posted on 5/25/23 at 6:54 pm to stout
“They said we will own nothing and like it “. Over Biden’s time in office he has done his part to push the agenda!
YouTubes sky news
YouTubes sky news
Posted on 5/25/23 at 7:30 pm to deeprig9
Less trendy area is just as expensive. I can live 40 minutes away and still pay basically the exact same price
Posted on 5/25/23 at 7:49 pm to stout
I held a ruler up to see the last month of data on this graph and it's October 2022. It's now 7 months after that today, and I believe it's trending to where houses are cheaper.
Posted on 5/25/23 at 7:52 pm to sidewalkside
quote:
The housing market won't "POP" it may adjust but even if it comes down it will still be elevated because of the historic rise the last few years. Plus homeowners are much more qualified than they were in the 07/08 meltdown so you won't see massive foreclosures due to people with 0% down payment loans.
Tell me you own or gonna sell a house without telling me you own or want to sell a house. People will always think what's going to benefit them and you don't want to see the correction. I disagree. 2008 is plenty enough evidence that this is likely going to come down a ton. Application rate is plenty evidence as well.
Posted on 5/25/23 at 10:02 pm to Greace
quote:
Less trendy area is just as expensive.
That's false.
quote:
I can live 40 minutes away and still pay basically the exact same price
This is also false.
It's the boomers' fault that you are stupid, I grant you.
Posted on 5/25/23 at 10:05 pm to Saunson69
quote:
I believe it's trending to where houses are cheaper.
If you're paying cash.
Due to rising interest rates it actually costs you more on a monthly mortgage.
Posted on 5/26/23 at 1:11 am to H2O Tiger
quote:I don’t. You have certain areas, which you’d have to be exceptionally kind to consider it to be “above average”
because you probably live in a below average area.
Case in point.
Would you rather live in Portland or Tuscaloosa?
Average rent in Portland is 1763 for 758 square feet. That’s 1 bedroom.
Tuscaloosa, 938, also for a 1br.
What about Portland (which is considered “above average” that you can point to makes it better?
Retailers fleeing due to the crime?
Citizens having to deal with massive homeless camps in their back yards?
Higher unemployment? 4.2 to 2.5 FYI
There’s a rather lengthy list of other factors as well
Want to compare Baton Rouge against Portland too?
Unemployment 2.9%
Average rent $926
Think you can find a decent house in Baton Rouge for 250k? I do and I haven’t even looked.
Posted on 5/26/23 at 1:20 am to Saunson69
quote:A ton….I doubt it.
2008 is plenty enough evidence that this is likely going to come down a ton. Application rate is plenty evidence as well.
Are we heading into a correction? I don’t think there’s much doubt we are, though I don’t think we’ll start seeing that begin to really take hold until October at the earliest in your “better” areas. And by better I mean the areas currently enjoying a lower unemployment rate.
In the anthills people were already trying to get away from the drop has already begun.
Posted on 5/26/23 at 1:36 am to llfshoals
llfshoals, check out my latest post. Housing prices dropped on average 9% in US from Q4 2022 to Q1 2023. In just 3 months, a 9% drop. I think it's a record.
Posted on 5/26/23 at 1:42 am to llfshoals
Oh, it's not making a correction? Avg house dropped $43,000 from $480k to $437k in just 3 months. From Q4 2022 to Q1 2023. It's the largest drop in housing prices in history for 1 quarter. It's going to drop another 15% in my opinion on very reasonable grounds. Look at the slope of that graph. Do you notice anything? It's virtually a straight line with very minor ups and downs, but it always reverts back to a straight line. Now look at last 2 years, deviated substantially from that straight line. It's going to get back in line so to say. Every market always comes out to an equilibrium, especially something like residential real estate as evidenced by the graph below. When and what to predict the drop? Draw a straight line on the trendline for prices. Now draw another line with the recent downturn slope. Where those 2 intersect is likely where it will end up. That's another 15 or 20% drop in my opinion. What I am certain of is that no chance in hell it goes up. Just look at the graph. Picture worth a thousand words.
This post was edited on 5/26/23 at 1:44 am
Posted on 5/26/23 at 2:36 am to Saunson69
every 10 or so pages someone drops in a posts the same graph showing median housing price.
And every single time....it's completely ignoring another key figure.....which is median income.
Those two graphs do not look the same.
And every single time....it's completely ignoring another key figure.....which is median income.
Those two graphs do not look the same.
Posted on 5/26/23 at 3:06 am to llfshoals
Are you comparing the COL in a large city vs a hick town like Tuscaloosa? Yeah, OBVIOUSLY it’s much cheaper to live in the hick town. However, job opportunities are extremely limited and salaries would also be highly reflective of the COL (unless you work fully remote and can live anywhere).
And I’m not necessarily saying Portland is a large city. But I’ll take Orlando for example. Rent is absolutely more than Tuscaloosa. But as a construction estimator in their 5th year, you aren’t making 6 figures in Tuscaloosa like I am here in Orlando. Or also receiving calls everyday from recruiters offering me more to move to a different company in Orlando. It’s not like everyone is choosing to live in large cities because it’s hip and trendy. People go where the money and opportunities are.
And I’m not necessarily saying Portland is a large city. But I’ll take Orlando for example. Rent is absolutely more than Tuscaloosa. But as a construction estimator in their 5th year, you aren’t making 6 figures in Tuscaloosa like I am here in Orlando. Or also receiving calls everyday from recruiters offering me more to move to a different company in Orlando. It’s not like everyone is choosing to live in large cities because it’s hip and trendy. People go where the money and opportunities are.
Posted on 5/26/23 at 6:35 am to Indfanfromcol
quote:So tell me you haven’t been to Tuscaloosa without saying you haven’t?
Are you comparing the COL in a large city vs a hick town like Tuscaloosa?
I gave you an “above average” city with a “below average” city for comparison. Nobody in their right mind would try and compare Orlando with pretty much anywhere else. “Below average” in Florida in general will beat “above average” in most of the country. Why? Because Florida is doing things right.
So are we. You obviously haven’t seen what Builders in Tuscaloosa are making. I do see it because I’m a realtor selling them making six figures (already…again) by June and I’m nowhere near the top.
You’re exactly correct people go where there’s money and opportunity. We have both, though no one will argue it can complete with Orlando, we have Portland beat. So does Baton Rouge and a lot of other “below average” “hick” cities.
Also, do you think COL is higher in Portland than Orlando? It is. Would you consider Portland better? Or a better comparison maybe San Francisco?
I certainly wouldn’t, though they’d call Orlando a “hick town”
This post was edited on 5/26/23 at 6:38 am
Posted on 5/26/23 at 6:40 am to Saunson69
I use snapforce, as I get a lot of clients from out of state I can see what county by county the county is doing.
When you look at it that way, you see a somewhat different picture.
When you look at it that way, you see a somewhat different picture.
Posted on 5/26/23 at 6:46 am to llfshoals
quote:
So tell me you haven’t been to Tuscaloosa without saying you haven’t?
I’ve been to both and Portland is the way better city. I would definitely call Tuscaloosa a below average area.
quote:
You’re exactly correct people go where there’s money and opportunity.
Portland has a GDP that is 15 times higher. There’s plenty of opportunity there, and the I-5 corridor has both investment capital as well as room for growth.
Posted on 5/26/23 at 7:04 am to crazy4lsu
quote:And yet they’re shedding jobs and population and the opportunity is going elsewhere.
Portland has a GDP that is 15 times higher. There’s plenty of opportunity there, and the I-5 corridor has both investment capital as well as room for growth.
Did you like the homeless camps in Portland ?
Appreciate the boarded up windows of the businesses because it’s cheaper than replacing the glass from the break ins?
Posted on 5/26/23 at 7:05 am to PEwannabe
quote:
Thankfully I have a duplex with a nice (both looking and attitude) tenant that pays 60% of my mortgage in rent.
You should offer “alternative payment options. “
Page 29 of 30
Popular
Back to top
Follow TigerDroppings for LSU Football News