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they have forgotten the stain of their fathers
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Mar 8, 2023 21:30
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that porch fence is going to look great as all those pieces of wood start to warp and bend in different directions
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Mar 8, 2023 21:38
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We're looking around in areas with 19th century rowhouses right now and it's loving impossible to find anything nice because they're remodeled to HGTV standards for sprawling suburban houses and it fucks them up entirely. We looked at a place last weekend that had enough room on the second floor for two modest bedrooms, a modest office, and a normal size bathroom. They redid it to have two gigantic bedrooms with walk-in closets and a gigantic bathroom with a double vanity and another walk-in closet. Doing so meant that the only bathroom in the house was captive to one bedroom and the stairs to the third floor "office" were captive to the other. Complete lovely waste of space but you checked off the HGTV boxes, go you They also completely neglected the box gutters so the brick was damaged from leaks and the wood supporting the gutters is completely hosed up
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Mar 8, 2023 21:43
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I guess staining the wood adds 1000s in labor and material so no beuno
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Mar 8, 2023 21:44
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it's okay to have a closet you stand outside of and put things into / remove things from, they do not all need to be walk-in closets
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Mar 8, 2023 21:45
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Pittsburgh Fentanyl Cloud posted:it's okay to have a closet you stand outside of and put things into / remove things from, they do not all need to be walk-in closets McMansion ALL the
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Mar 8, 2023 22:00
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How does anyone afford to put 20% down when starter homes begin at $360k. That's over 70k in cash. What the hell is wrong with this world.
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Mar 9, 2023 23:45
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A 800 square foot with 300sq. ft finished basement split level is now on the market for $387k in my town and I'm kind of mad.
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Mar 9, 2023 23:47
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A Bad King posted:How does anyone afford to put 20% down when starter homes begin at $360k. That's over 70k in cash. What the hell is wrong with this world. 20% is a myth, everyone puts down 3.5-5% and always has
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Mar 9, 2023 23:49
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A Bad King posted:How does anyone afford to put 20% down when starter homes begin at $360k. That's over 70k in cash. What the hell is wrong with this world. you make twitter techbro money or put down <5% or your parents put the downpayment
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Mar 9, 2023 23:49
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looks like one of those “come play my lord” adverts for lovely mobile games
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Mar 9, 2023 23:51
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Xaris posted:you make twitter techbro money or put down <5% how do i afford the mortgage payments when I only make $80k at that point lol
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Mar 9, 2023 23:57
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A Bad King posted:How does anyone afford to put 20% down when starter homes begin at $360k. That's over 70k in cash. What the hell is wrong with this world. Just have your parents give you 70k, easy peasy.
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Mar 10, 2023 00:00
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Spergin Morlock posted:how do i afford the mortgage payments when I only make $80k at that point lol half your pay goes to the mortgage, a lot to health insurance and utilities, then put everything else on credit cards. simple as
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Mar 10, 2023 00:02
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A Bad King posted:How does anyone afford to put 20% down when starter homes begin at $360k. That's over 70k in cash. What the hell is wrong with this world. life insurance payout or inheratence lol
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Mar 10, 2023 00:05
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I thought 20% was how people did it when cashing out a starter home for a suburban McMansion
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Mar 10, 2023 00:16
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Crusty Nutsack posted:life insurance payout or inheritance lol i did just learn recently that my dad has fronto-temporal dementia. fingers crossed!
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Mar 10, 2023 00:40
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Spergin Morlock posted:i did just learn recently that my dad has fronto-temporal dementia. fingers crossed! Good news! Dementia is really good at taking forever to finish the job and also requiring a ton of care. It’s one of the best ones if you want to see somebody’s assets complete consumed providing end of life care
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Mar 10, 2023 00:58
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A Bad King posted:How does anyone afford to put 20% down when starter homes begin at $360k. That's over 70k in cash. What the hell is wrong with this world. Judging from my coworkers and friends, it's either parents or crypto/asset bubble money
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Mar 10, 2023 01:06
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HashtagGirlboss posted:Good news! Dementia is really good at taking forever to finish the job and also requiring a ton of care. It’s one of the best ones if you want to see somebody’s assets complete consumed providing end of life care doh
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Mar 10, 2023 01:10
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Glibness aside dementia is an absolutely heartbreaking thing to watch and op my heart breaks for you and your family. It was much easier to watch my grandmother get devoured by cancer than my great aunt slowly melt into nothingness
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Mar 10, 2023 01:25
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We just found a place my wife likes and if we move our mortgage will go from $700 a month to $2850. Very exciting
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Mar 10, 2023 01:45
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Pittsburgh Fentanyl Cloud posted:We just found a place my wife likes and if we move our mortgage will go from $700 a month to $2850. Very exciting VP of my division will pay moving expenses to be across the state closer to the main office and I told him when interest rates are cut in half. I ain’t moving to a place with a worse commute and higher mortgage .
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Mar 10, 2023 01:51
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HashtagGirlboss posted:Glibness aside dementia is an absolutely heartbreaking thing to watch and op my heart breaks for you and your family. It was much easier to watch my grandmother get devoured by cancer than my great aunt slowly melt into nothingness I haven't spoken to the guy in almost 20 years so... whatever lol
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Mar 10, 2023 02:41
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A Bad King posted:How does anyone afford to put 20% down when starter homes begin at $360k. That's over 70k in cash. What the hell is wrong with this world. you save up. its strange to expect to own a home at 24 with no kids or whatever. my wife and i saved for several years and have the money to put down 20%+ and then the market went loving batshit and starter homes are selling for 450k. currently. with 6% interest rates. so guess what, we can put down the 20% still but cant RATIONALLY afford the payment. when people are paying 40% of their pretax income toward housing you've got a loving time bomb economy yet it just keeps chugging along. i have a lot of animosity toward the folks who bought homes over the last 4 years. homes as investment vehicles is part of what's wrong with the world, the remainder was 14 years of the fed ejaculating free money all over rich folks faces. Ammanas has issued a correction as of 06:37 on Mar 10, 2023 |
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Mar 10, 2023 06:35
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owned
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Mar 10, 2023 06:39
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Most people aren't putting down anywhere near 20%, although the median down payment isn't down near 3% for any age group, either: https://www.bankrate.com/mortgages/average-down-payment/#by-generation Saving a 20% down payment was a pretty unattainable goal for a lot of people even at prices from 5-6 years ago. Unsurprisingly, the people putting down the largest down payments are people who are old enough to likely be transferring equity from an existing home. Skyrocketing prices also arguably make saving for a large down payment a very poor strategy. Home prices will run away from you unless you're a very high earner and you'll just end up paying more than someone who put down less and jumped in earlier.
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Mar 10, 2023 06:42
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Paradoxish posted:Most people aren't putting down anywhere near 20%, although the median down payment isn't down near 3% for any age group, either: one weird trick to save 80k: dont spend it and that last portion is literally real estate agent speak. its financial idiocy across an entire nation. and it absolutely loving worked and nothing has been rationally-priced for 4 years. welcome to Everything is an Investment and Infinite Growth is Real Nation. real interested to see 2008 replay in slow motion except this time there isn't a giant mountain of free money for the fed to poo poo out anymore because who would be stupid enough to buy that debt???
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Mar 10, 2023 06:45
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I don't know what you want me to say. Real estate has been an "investment" for as long as anyone posting in this thread has been alive. Everyone posting here also agrees that housing as an investment is wildly stupid, but we can't change reality. The last couple of years are not unique. Home prices took a tiny dive after 2008 and then set their sights on the moon again by 2012, so "housing number go up" has not been an unforeseeable event for at least the last decade. Nothing was rationally priced four years ago, either. edit- my house pre-pandemic was worth almost double its lowest post-2008 value. that's not rational. nothing about the american housing market has been rational in like 40 years.
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Mar 10, 2023 06:50
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yeah heheh an absolute house of cards economy that should not exist yet keeps on going
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Mar 10, 2023 06:53
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Spergin Morlock posted:how do i afford the mortgage payments when I only make $80k at that point lol before rate hikes it worked like this for a brief couple years: house worth $350k first time homebuyer puts down ~5%, or around $20,000 now you own a home, with an interest rate on your mortgage of 3% it costs you roughly $1,800 a month. so if you managed to scrounge that down payment you’d be able to afford it vs spending that down payment on rent over the next two years because it went up $1500 a month, and never buying a house because interest rates are now 7%. if you took all the numbers above but swap the interest it now costs you $2800 a month
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Mar 10, 2023 06:53
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Ammanas posted:i have a lot of animosity toward the folks who bought homes over the last 4 years. but isn’t this really self hatred because you could have bought a house with 5% down
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Mar 10, 2023 06:57
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i am harry posted:but isn’t this really self hatred because you could have bought a house with 5% down yes and have a 3% interest rate. we are FOOLS
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Mar 10, 2023 07:02
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everyone tells themselves that housing prices can't keep going up forever but reality don't give a gently caress
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Mar 10, 2023 07:08
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it’s nuts to think that if I had had my 2020 income in 2019, I could have bought a home. instead, I did not, and despite my income continuing to increase the opportunity to secure a home flees from me
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Mar 10, 2023 07:35
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Paradoxish posted:everyone tells themselves that housing prices can't keep going up forever but reality don't give a gently caress yeah, prices are never ever going down again, not even like they did for a brief moment in 2008-2009. If they do the entire game falls apart. lol Rates went from 3.5% to 7% 2021-2022 and prices around here still went up 18%
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Mar 10, 2023 15:07
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houses pretty much exist to earn money for companies that can turn them into rentals or airbnbs. although new home sales have plummeted. the housing market is in the process of crashing but lol a crash just means it goes down 5-6% from its previous high. you have to have a rich uncle or something die and leave you a ton of money but then you're on the housing treadmill also ill never move again because I got my house at 3% interest and I can't afford to triple my mortgage payment every month and I couldn't rent an apartment for what I pay in mortgage. lmao @ america
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Mar 10, 2023 15:32
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I live in a neighborhood that's about 1.4 square miles, not near anything special or cool and not special or cool in and of itself. It has 49 airbnb properties. that's 49 houses that people could actually buy to live in, but aren't allowed to.
Pittsburgh Fentanyl Cloud has issued a correction as of 15:37 on Mar 10, 2023 |
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Mar 10, 2023 15:34
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also it's illegal to build anything but detached single family homes because olds and suburbcucks start going abloo bloo bloo muh property values as soon as you mention building anything but more suburban hellscape. this despite the fact that housing prices never go down and you could turn the house next to mine into a literal crack den and i'd still net six figures selling my 800 sq ft house
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Mar 10, 2023 15:36
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spacemang_spliff posted:
I'm in this same situation and it's honestly a little upsetting to me. I realize my extreme privilege to have been able to buy a house 6 years ago for half the price of now, then refinance it 3 years ago at insanely low interest rates, but also a lot of that is just that I'm getting older. The youth are hosed.
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Mar 10, 2023 15:37
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