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Housing prices are alarming

Posted on 6/10/19 at 6:59 am
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/10/19 at 6:59 am
A person now has to go into debt to purchase a house. Families cant get a block structure to live in.

Doesnt get a roof over your head anymore. 2 bed 1 bath shotgun house is 150 plus
Posted by Displaced
Member since Dec 2011
32702 posts
Posted on 6/10/19 at 7:00 am to
quote:

A person now has to go into debt to purchase a house. Families cant get a block structure to live in.

What exactly do you think a mortgage is...
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41542 posts
Posted on 6/10/19 at 7:00 am to
Have you been under a rock since 1999?

ETA: also, what the above poster said too!
This post was edited on 6/10/19 at 7:01 am
Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 6/10/19 at 7:02 am to
Thanks, Trump.
Posted by Revelator
Member since Nov 2008
57843 posts
Posted on 6/10/19 at 7:03 am to
quote:

A person now has to go into debt to purchase a house.



This has been a common practice for a long long time. Who has the cash to pay off a house?
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/10/19 at 7:04 am to
Why do I have to purchase a mortgage just to live in a house. Why cant I just save and buy?
Posted by baldona
Florida
Member since Feb 2016
20401 posts
Posted on 6/10/19 at 7:04 am to
quote:

Families cant get a block structure to live in.


Who has done this since WW2?
Posted by SpeckTigerLure
Member since Nov 2016
511 posts
Posted on 6/10/19 at 7:05 am to
Dumbest post of the year! Look up definition of a mortgage dummy
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7335 posts
Posted on 6/10/19 at 7:06 am to
You can but frankly with interest rates as low as they are paying cash for a house would be foolish. You should be able to earn more than 4% on your money annualized over 30 years by investing.
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/10/19 at 7:06 am to
quote:

Dumbest post of the year! Look up definition of a mortgage dummy


I know what a mortgage is dummy but it sucks to have to get one. I just want to buy things out right.
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/10/19 at 7:08 am to
quote:

You can but frankly with interest rates as low as they are paying cash for a house would be foolish. You should be able to earn more than 4% on your money annualized over 30 years by investing.


Thats gambling. I just want to live.
Posted by Displaced
Member since Dec 2011
32702 posts
Posted on 6/10/19 at 7:08 am to
quote:

Why cant I just save and buy?

You can. Well, maybe not you, but some people can.
Posted by FlagLake
"Da Ship"
Member since Feb 2006
2337 posts
Posted on 6/10/19 at 7:08 am to
quote:

Why do I have to purchase a mortgage just to live in a house. Why cant I just save and buy?


Who said you have to get a mortgage? Save up and buy a house if you want.
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/10/19 at 7:08 am to
Thats what Im doing.
Posted by ddbnsb
Raised in New Orleans
Member since Dec 2005
3312 posts
Posted on 6/10/19 at 7:09 am to
quote:

I know what a mortgage is dummy but it sucks to have to get one. I just want to buy things out right.


then save for 30 yrs and buy a house.
Posted by Pvt Hudson
Member since Jan 2013
3537 posts
Posted on 6/10/19 at 7:09 am to
quote:

know what a mortgage is dummy but it sucks to have to get one. I just want to buy things out right.


So pay $1500/month in rent so you can save up $200k to buy a house in 10 years.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41542 posts
Posted on 6/10/19 at 7:10 am to
You can do that if you want. Nobody’s stopping you.

You must be a registered Democrat.
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/10/19 at 7:10 am to
Nobody here agrees that housing prices are too high?
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/10/19 at 7:11 am to
quote:

You can do that if you want. Nobody’s stopping you.

You must be a registered Democrat.




Im a democrat because I dont want to get a mortgage?
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
21233 posts
Posted on 6/10/19 at 7:12 am to
quote:

Why do I have to purchase a mortgage just to live in a house. Why cant I just save and buy?


You can and you are welcome to. There is no law preventing you from using your own cash to buy a house.

My interest rate is 3% right now though, so it would not be that wise to just buy it outright.
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