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Message
re: Housing prices are alarming
Posted on 6/10/19 at 7:12 am to Mud_Till_May
Posted on 6/10/19 at 7:12 am to Mud_Till_May
Housing prices are cheap <$100sqft in Northern Alabama. All about where you live. Don’t live in a HCOL area. 
0
Posted on 6/10/19 at 7:12 am to Mud_Till_May
quote:
Nobody here agrees that housing prices are too high?
I think most in here do agree that you may be a retard.
Posted on 6/10/19 at 7:12 am to Mud_Till_May
A lot of it depends on where you live. Basic 3BR/2Bath homes in Austin now average over $300K. Then again, not everyone has to chose to live here.
Some areas $300K will get you a McMansion. It’s all about choice and affordability. Not where someone feels they’re entitled to live.
Some areas $300K will get you a McMansion. It’s all about choice and affordability. Not where someone feels they’re entitled to live.
Posted on 6/10/19 at 7:12 am to DarthRebel
quote:
My interest rate is 3% right now though, so it would not be that wise to just buy it outright.
Whats that over 30 years?
Posted on 6/10/19 at 7:13 am to Mud_Till_May
quote:I think there are two conversations going on... The first is about the cost of housing (but so far you are the only participant in this conversation). The second is about the complex machinations of a mortgage. This is a more interesting conversation currently.
Nobody here agrees that housing prices are too high?
Posted on 6/10/19 at 7:15 am to Mud_Till_May
quote:
Nobody here agrees that housing prices are too high?
They are in many large cities and suburbs. They're shockingly low in more rural areas.
And that includes rent. My jaw hit the floor when my niece told me how much her rent is for her tiny apartment in Atlanta. Of course, location is a large part of it. She's walking distance to a MARTA station and the Beltline.
Posted on 6/10/19 at 7:15 am to Mud_Till_May
quote:
Whats that over 30 years?
Less than what the same amount of money earns at >3% compounding.
Any more stupid questions?
This post was edited on 6/10/19 at 7:16 am
Posted on 6/10/19 at 7:18 am to Mud_Till_May
You could just live in a van down by the river.
Posted on 6/10/19 at 7:20 am to Mud_Till_May
Just become a squatter
Posted on 6/10/19 at 7:25 am to Mud_Till_May
Where are you trying to buy a house?
Posted on 6/10/19 at 7:27 am to Mud_Till_May
quote:
Why do I have to purchase a mortgage just to live in a house. Why cant I just save and buy?
You can, stupid. A mortgage makes it so you have to save a lot less, and waste a lot less on rent. But sure, rent for the next 30 years and you’ll have saved up enough to buy a house, if you’re lucky and stick to it
Posted on 6/10/19 at 7:28 am to Mud_Till_May
quote:
Nobody here agrees that housing prices are too high?
If there are people willing to pay it, then they are not too high.
If people wont pay it, they're too high.
Posted on 6/10/19 at 7:29 am to Mud_Till_May
quote:
Housing prices are alarming
Nobody here agrees that housing prices are too high?
You should spend more time worrying about making money than spending time worrying about home pricing. You have to flip 509,600 hamburgers to be able to pay cash for your house and I think you're counter is currently at 596. Get back to flippin.
Posted on 6/10/19 at 7:29 am to Mud_Till_May
You are going to buy a house in cash eventually while paying rent while you save up? Lol.
Posted on 6/10/19 at 7:29 am to Mud_Till_May
quote:Perspective much brah?
Nobody here agrees that housing prices are too high?
Depends on whether you’re buying or selling.
PS: Ur not smart
Posted on 6/10/19 at 7:31 am to ddbnsb
quote:
then save for 30 yrs and buy a house.
Dont you think it obsered for it to take 30 years to pay off something?
Posted on 6/10/19 at 7:33 am to PortHudsonPlaya
quote:
Basic 3BR/2Bath homes in Austin now average over $300K
Austin resident here. Where are these unicorn 300k houses you speak of?
Posted on 6/10/19 at 7:33 am to Mud_Till_May
quote:
Why cant I just save and buy?
You absolutely can. Keep us posted on the progress.
Posted on 6/10/19 at 7:34 am to Mud_Till_May
You can always get a trailer.
Or move to a less desirable area, buy a plot of land and put a shed on it.
You have options.
Or move to a less desirable area, buy a plot of land and put a shed on it.
You have options.
This post was edited on 6/10/19 at 7:36 am
Posted on 6/10/19 at 7:34 am to udtiger
quote:
If there are people willing to pay it, then they are not too high.
If people wont pay it, they're too high.
But their not paying it, the bank is and they give them an IOU. What if they cant pay their mortgage? The bank takes it and they are back to square one with no credit and their money gone.
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