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Started By
Message
re: Monthly mortgage payment based on a median existing home is now at a record $2,322
Posted on 8/24/23 at 9:07 am to 777Tiger
Posted on 8/24/23 at 9:07 am to 777Tiger
quote:
only if they are whiny dumbasses that refuse to take the bull by the horns and go for it instead of blaming everyone else for what they're being told is a hopeless future
its like you and Rog have a competition with the worst takes in these threads
2
Posted on 8/24/23 at 9:07 am to BabyTac
quote:
Can’t afford it, don’t buy it. That simple.
quote:
BabyTac
Wow, you're a genius. Hey everyone, check out Warren Buffet over here!
Posted on 8/24/23 at 9:07 am to Bayou_Tiger_225
quote:
Par for the course with you
?
Posted on 8/24/23 at 9:07 am to stout
On paper mine is 27% of my gross. 35% of my net. And with taxes/insurance 40.4% of my net.
We can easily cover all bills with only my income.
The wife's income, which is more than mine, is lagniappe. Or would be if it wasn't for amazon, etsy, and makeup.
We can easily cover all bills with only my income.
The wife's income, which is more than mine, is lagniappe. Or would be if it wasn't for amazon, etsy, and makeup.
Posted on 8/24/23 at 9:08 am to Thib-a-doe Tiger
quote:
How dumb are people?
Unfortunately, people have to live somewhere.
Posted on 8/24/23 at 9:09 am to Rize
quote:
I’m looking at $4,500 a month after taxes when I move to Houston. Increase my mortgage I have in Baton Rouge by around $2000 a month.
At least texas is lowering property taxes so getting a small reprieve. My payment is going from 4800 to about 4500
Posted on 8/24/23 at 9:09 am to stout
I know people keep providing reasons why housing will remain this expensive, but it’s unsustainable and has to correct at some point.
While the circumstances underlying housing are different now, the last time I felt the housing market was unsustainable was 2005-2007. Then too experts were all over the media explaining why the market would continue.
While the circumstances underlying housing are different now, the last time I felt the housing market was unsustainable was 2005-2007. Then too experts were all over the media explaining why the market would continue.
This post was edited on 8/24/23 at 9:13 am
Posted on 8/24/23 at 9:09 am to Salmon
quote:
its like you and Rog have a competition with the worst takes in these threads
okay, thanks, I guess
Posted on 8/24/23 at 9:09 am to Thib-a-doe Tiger
quote:
I'm $1,000 under the escrowed mortgage number, and my house is above the median value of homes in the US.
How dumb are people?
ETA: and I pay inflated home insurance because of my proximity to the gulf.
When did you buy your home?
If you were to buy your home today, in 2023, at its current value, with today's interest rates, with a similar downpayment, what would the payment be?
Posted on 8/24/23 at 9:09 am to 777Tiger
quote:Even if they are tough as nails and gut it out and build wealth, they still did it through a worse position than you or me. Stop feeling weak and defensive because they have it worse
only if they are whiny dumbasses that refuse to take the bull by the horns and go for it instead of blaming everyone else for what they're being told is a hopeless future
Posted on 8/24/23 at 9:10 am to JohnnyKilroy
Nailed it.
Posted on 8/24/23 at 9:10 am to stout
People with a 3% mortgage don’t want to move and see that go to 7%. And so we have an insanely short supply of existing homes and high prices.
You can blame Biden for that but free money and low rates were in place for years before he took office. Everyone thought that was the norm and it will take a while to get back to reality.
You can blame Biden for that but free money and low rates were in place for years before he took office. Everyone thought that was the norm and it will take a while to get back to reality.
Posted on 8/24/23 at 9:10 am to lsupride87
Insurance hike kicked my $2400/month mortgage to $2900
Posted on 8/24/23 at 9:10 am to 777Tiger
You have the same take in these threads. It’s always the whiny young people’s fault. It couldn’t possibly be they they have be given a terrible hand to play.
The young folks these days are getting fricked over and you, Rodger, and a few other posters are just too willfully ignorant to see it.
The young folks these days are getting fricked over and you, Rodger, and a few other posters are just too willfully ignorant to see it.
Posted on 8/24/23 at 9:10 am to Salmon
It’s almost as if retired 75 year olds are out of touch.
Posted on 8/24/23 at 9:11 am to stout
There are going to be a whole lot of foreclosures coming up at some point. We make a lot more than most and pay about 1600 a month, including escrow payments. We live in a nice home in a good place. I cant imagine getting so home poor.
Posted on 8/24/23 at 9:11 am to lowspark12
quote:
Unfortunately, people have to live somewhere.
Yeah that's it. It's not the keeping up with the Jones's at all.
People are borrowing more (at "normal" interest rates), putting down less, and buying more home than they need.
Yes the economy, inflation, and mortgage rates have agrravated this, but the problem is not only the market, it's the consumer.
The democrats sold everyone the dream that everyone should own their home in the 90's, and people took that to mean they deserved a McMansion and the mindset has not changed.
Posted on 8/24/23 at 9:11 am to NIH
We are nearing the time to burst the bubble. It's close.
Posted on 8/24/23 at 9:12 am to NIH
They just have weak testicular fortitude and aren’t confident and comfortable enough in their own selves to admit another generation has it harder from a macro level
I have no issue admitting those younger than me have it worse. Doesn’t mean I didn’t work my arse off for what I have
I have no issue admitting those younger than me have it worse. Doesn’t mean I didn’t work my arse off for what I have
This post was edited on 8/24/23 at 9:13 am
Posted on 8/24/23 at 9:13 am to lsupride87
quote:
they still did it through a worse position than you or me.
everyone must play the cards they're dealt, it's kind of hard to define what's a worse position to start from, my parents were both depression babies that did a hell of a lot better than me?
quote:
feeling weak
not me
quote:
defensive
that either, just commenting, in a thread on a discussion board
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