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I suppose there is some consolation that the 24-year-old tech bros making $$$$$ are similarly unable to afford a home in the Bay Area.
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Dec 1, 2018 17:15
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| # ? Apr 29, 2024 18:23 |
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Vasudus posted:Being in your mid-30s and saying you can't afford a house is like ringing the dinner bell for boomers with lovely advice. Every one of them has told me that when they were my age they were on their SECOND house or some poo poo. Yeah, and the minimum wage was livable, cost of living wasn't total dogshit, and you could pay for a year of college with a summer waitress job, you old fucks. My one weird trick for home ownership: Live in a place where the median income was about $35,000/yr when I bought and only about $40-45,000/yr now. Just be a DINK earning multiple times the local median income in a community with a housing glut, duh!  That said, the house I bought will likely remain a rental property forever until I sell it, and I doubt we'll buy another home or condo until it's no-kidding retirement time.
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Dec 1, 2018 17:19
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I just looked and the cheapest house in my area is 609k. With a 20%/120k down payment, and 4.5% interest, my payments will be ~$2450. Which is actually more than what I pay in rent right now by ~10%.
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Dec 1, 2018 17:30
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Vasudus posted:I just looked and the cheapest house in my area is 609k. With a 20%/120k down payment, and 4.5% interest, my payments will be ~$2450. Which is actually more than what I pay in rent right now by ~10%. WHY DONT YOU MILLENNIALS BUY OUR HOUSES YOU LAZY FUCKS DONT YOU KNOW YOURE KILLING THE ECONOMY? gently caress, I HAD A HOUSE BY THE TIME I WAS 25 AND I WAS ABLE TO PAY FOR IT ON ONE JOB AND PUT MONEY AWAY AND MY WIFE DIDNT HAVE TO WORK AND COULD STAY HOME AND RAISE OUR 2.5 KIDS.
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Dec 1, 2018 17:37
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Vasudus posted:I just looked and the cheapest house in my area is 609k. With a 20%/120k down payment, and 4.5% interest, my payments will be ~$2450. Which is actually more than what I pay in rent right now by ~10%. Yikes on the downpayment. That's a huge barrier.
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Dec 1, 2018 17:38
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Plus, even if you do not give one single gently caress about nice furniture, step 1 of buying a house is usually to buy at least $1-2K worth of tools, replaceable items (filters, etc), repair materials, and so on, depending on where you live. And then if you don't own a washer/dryer already, RIP that money too. We lucked into buying a used set of Maytags that worked perfectly, and still work over a decade later, and cost us a grand total of $150 for the pair. New washers/dryers are $$$.
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Dec 1, 2018 17:40
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orange juche posted:WHY DONT YOU MILLENNIALS BUY OUR HOUSES YOU LAZY FUCKS https://twitter.com/cyberwitchlexi/status/1067498796379250695
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Dec 1, 2018 17:42
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I'm in the six figgies club (granted on the low end and the membership card is still warm) and largely live like a monk. I've literally never taken a vacation somewhere in my life, I don't have a car, I don't have any crippling medical issues (that cost money), and if I pinch my pennies together never spending a dime on anything but my bills and some rice and beans I can probably save up 2500/month. So I just have to do that for four years straight, easy peasy.
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Dec 1, 2018 17:46
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Why not use the VA loan though?mlmp08 posted:Plus, even if you do not give one single gently caress about nice furniture, step 1 of buying a house is usually to buy at least $1-2K worth of tools, replaceable items (filters, etc), repair materials, and so on, depending on where you live. Oh yeah I for sure dropped $3k at Lowes/Home Depot in the first few months. After a year I finally got into a good place where I had the tools and materials I needed for most projects without constantly having to run out to the shop.
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Dec 1, 2018 17:47
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Vasudus posted:I'm in the six figgies club (granted on the low end and the membership card is still warm) and largely live like a monk. I've literally never taken a vacation somewhere in my life, I don't have a car, I don't have any crippling medical issues (that cost money), and if I pinch my pennies together never spending a dime on anything but my bills and some rice and beans I can probably save up 2500/month. So I just have to do that for four years straight, easy peasy. I really think my plan of marring rich will work out better for you.
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Dec 1, 2018 17:49
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Vasudus posted:I'm in the six figgies club (granted on the low end and the membership card is still warm) and largely live like a monk. I've literally never taken a vacation somewhere in my life, I don't have a car, I don't have any crippling medical issues (that cost money), and if I pinch my pennies together never spending a dime on anything but my bills and some rice and beans I can probably save up 2500/month. So I just have to do that for four years straight, easy peasy. and then a windstorm fucks up your roof and you're hosed
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Dec 1, 2018 17:52
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LingcodKilla posted:I really think my plan of marring rich will work out better for you. I've accepted the fact that unless I marry someone with equal standing I'm never going to buy a house. Fallom posted:Why not use the VA loan though? I'm going to when it's time, probably, but I would still need to have a rather considerable amount of capital saved up.
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Dec 1, 2018 17:53
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Vasudus posted:
I'm probably missing something here but with the VA loan you don't need to have any money down. Of course that means higher payments but at least they are going toward your own equity instead of someone else's.
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Dec 1, 2018 17:54
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Lou Takki posted:I'm probably missing something here but with the VA loan you don't need to have any money down. Of course that means higher payments but at least they are going toward your own equity instead of someone else's. It's good to have an emergency fund so you aren't one of those dumb fucks with a $500k house and no way to pay for basic repairs or a new water heater in an emergency.
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Dec 1, 2018 17:56
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Fallom posted:It's good to have an emergency fund so you aren't one of those dumb fucks with a $500k house and no way to pay for basic repairs or a new water heater in an emergency. Rent out rooms to servicemen just visiting the area. I hear those guys make a ton.
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Dec 1, 2018 17:57
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Fallom posted:It's good to have an emergency fund so you aren't one of those dumb fucks with a $500k house and no way to pay for basic repairs or a new water heater in an emergency. Absolutely agree, just wanted to make sure we weren't talking about a 20% down payment though.
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Dec 1, 2018 17:58
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mods changed my name posted:and then a windstorm fucks up your roof and you're hosed Just replaced my roof this year. Thought I'd be out about $10-15K, but thanks to the powers of insurance and a massive hail storm, it only cost me like... 2.5 grand? What was lovely is that I wouldn't have even known it was toast unless we'd had tenants switch out, as the previous tenant knew that after the storm there was a leak but figured it was no biggie since it doesn't rain THAT much here.  LingcodKilla posted:Rent out rooms to service men just visiting the area. Fixed for increased profitability.
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Dec 1, 2018 17:59
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Yeah I wouldn't *have* to do a 20% downpayment, but even doing 10% w/ a VA loan is still a solid 60k plus furnishing/moving/appliances/improvements/slush fund. Anything in the DC area that is metro accessible is going to have a floor of around 600k.
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Dec 1, 2018 18:00
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I was an idiot and bought a house. I pretty much hate it, but it's my wife's dream house, and I don't give a poo poo anymore. We got lucky that the one owner was moving to FL to die, so she left everything we needed for upkeep- ride on, snowblower, basic tools, cleaning poo poo, etc. Still wasn't worth it. Also, if Macho Man were still alive, having him read Trump's brain poops, he would get 25th'd so loving quick, because everyone would hear how insane he actually sounds.
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Dec 1, 2018 18:04
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It turns out our house was a suicide house, which explains why the widow was so eager to give us everything we asked for prior to closing and why she left a bunch of stuff behind Sorry about your husband, thanks for the freezer chest
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Dec 1, 2018 18:05
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have fun fighting ghosts and poo poo
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Dec 1, 2018 18:05
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bulletsponge13 posted:I was an idiot and bought a house. I pretty much hate it, but it's my wife's dream house, and I don't give a poo poo anymore. We got lucky that the one owner was moving to FL to die, so she left everything we needed for upkeep- ride on, snowblower, basic tools, cleaning poo poo, etc. has mark hamill dropped any more?
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Dec 1, 2018 18:08
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So I wake up screaming and seeing a shadowy figure at the end of the bedroom once in a while, still got a good deal on the house
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Dec 1, 2018 18:09
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that's just me, nothing to worry about
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Dec 1, 2018 18:10
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I mean I would take the occasional haunting for a discount on the house cost. Plus who knows, could end up getting a ghostjob on the reg.
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Dec 1, 2018 18:13
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Fallom posted:So I wake up screaming and seeing a shadowy figure at the end of the bedroom once in a while, still got a good deal on the house Oh sorry dude that was me.
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Dec 1, 2018 18:14
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BigDave posted:Oh sorry dude that was me. 
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Dec 1, 2018 18:16
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Get the gently caress out of my house all of you
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Dec 1, 2018 18:19
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Vasudus posted:I've literally never taken a vacation somewhere in my life, You should take a vacation.
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Dec 1, 2018 18:24
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I've settled on I'm not bothering owning anything until I've done my 24 and by then I'll have been KIA or the government will have collapsed/stopped paying benefits/etc so problem solved 
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Dec 1, 2018 18:27
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Fallom posted:Get the gently caress out of my house all of you You said it was cool if I stayed here until I got a job!
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Dec 1, 2018 18:27
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DownByTheWooter posted:You should take a vacation. Eh, probably will when I have someone worth going with. I was mostly bringing that up as an example of what my boomer coworkers use as something that I could ~cut back on~ to save up. I had one of them tell me a story about a two week trip to Hawaii they took. Knowing that the time period lined up with them being unemployed, I asked them if they seriously took a trip to Hawaii while unemployed and got a '...yeah???' back from them. Meanwhile I used to have a borderline panic attack whenever my payday ended up towards the end of the week because that's another week of expenses to cover.
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Dec 1, 2018 18:30
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Fallom posted:So I wake up screaming and seeing a shadowy figure at the end of the bedroom once in a while, still got a good deal on the house https://www.youtube.com/watch?v=0tdyU_gW6WE
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Dec 1, 2018 18:36
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Vasudus posted:I mean I would take the occasional haunting for a discount on the house cost. There was that house in Silver Spring that had two consecutive occupants murdered. Maybe that'll be back on the market soon?
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Dec 1, 2018 18:36
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Fallom posted:Get the gently caress out of my house all of you Dude you said I could pay to stay on your couch
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Dec 1, 2018 18:38
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Handsome Ralph posted:There was that house in Silver Spring that had two consecutive occupants murdered. Maybe that'll be back on the market soon?
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Dec 1, 2018 18:41
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Basically just the house from Mother!
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Dec 1, 2018 18:41
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A buddy of mine had a murder condo
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Dec 1, 2018 18:42
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Handsome Ralph posted:There was that house in Silver Spring that had two consecutive occupants murdered. Maybe that'll be back on the market soon? Doom House 3 ARG lookin good
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Dec 1, 2018 18:42
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| # ? Apr 29, 2024 18:23 |
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Realistically I'll get a house when my mom kicks the bucket and I can sell her townhouse out in the middle of nowhere. Except she'll probably outlive me since she's the most stubborn person on the planet beyond my grandmother, who is almost 96.
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Dec 1, 2018 18:48
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