|
RC Cola posted:I hear Pittsburgh is cheap and affordable I can’t justify a bike that nice, though.
|
#
?
Apr 22, 2022 23:14
|
|
|
|
| # ? Apr 27, 2024 14:38 |
|
|
So what is the market like around Pittsburg and how is the pizza?
|
|
#
?
Apr 22, 2022 23:22
|
|
|
StashAugustine posted:Man we've enough racist shitheads already, gently caress off
|
|
#
?
Apr 22, 2022 23:29
|
|
|
Shageletic posted:Crazy to think that the US government at one point was so concerned about low home ownership rates that they bought 4 out of 5 homes and then sold it for a loss to middle class (mostly white) families. when was this, tell us more
|
|
#
?
Apr 22, 2022 23:31
|
|
|
actionjackson posted:rich techies moving to sun valley i mean
|
|
#
?
Apr 22, 2022 23:31
|
|
|
TenementFunster posted:ultra-luxury ski towns are not a representative sample of life in idaho. besides, didn’t Mr. Holland’s Opus’s Son move there are immediately hate it because weather, lack of dining options, lack of events, etc.? I believe he objected to how long his Amazon packages took to arrive
|
|
#
?
Apr 22, 2022 23:32
|
|
|
Teabag Dome Scandal posted:I believe he objected to how long his Amazon packages took to arrive at least the bay area tech guy who moved to austin was upset at things that actually matter, such as a hollowed-out civil society, terrible weather, terrible schools, terrible food, and zero culture
|
|
#
?
Apr 22, 2022 23:39
|
|
|
Twin Cities are pretty nice and there are affordable not-poo poo neighborhoods with good schools. Also the politics aren't completely awful because the outstate population is completely overwhelmed by the cities and the suburbs were generally repelled by Trump.
|
|
#
?
Apr 22, 2022 23:49
|
|
|
19 o'clock posted:I can’t justify a bike that nice, though. yeah but imagine the size of your calves after about a year
|
|
#
?
Apr 23, 2022 00:29
|
|
|
gettin calf mogged in the housing market thread
|
|
#
?
Apr 23, 2022 00:30
|
|
|
Teabag Dome Scandal posted:
ya the other thing to think about for those who don't mind living in rural areas is a USDA loan. Im not super familiar but you don't need ANY down payment and rates are often below-market. There are income limits and of course only rural properties qualify but still seems like a decent opportunity for some
|
|
#
?
Apr 23, 2022 00:36
|
|
|
buying a home without down payments is part of why house prices have escalated so much. small part but absolutely a part.
|
|
#
?
Apr 23, 2022 00:44
|
|
|
Ammanas posted:buying a home without down payments is part of why house prices have escalated so much. small part but absolutely a part. well, given that homes in all metropolitan areas and most suburbs don't qualify, and given that USDA loans account for <1-2% of all home sales, I don't think so. Unless by "small part" you mean "insignificant, impossible to measure, and not worth mentioning"
|
|
#
?
Apr 23, 2022 00:50
|
|
|
Ammanas posted:buying a home without down payments is part of why house prices have escalated so much. small part but absolutely a part. My loan officer was actively talking me out of 20% down. They kept insisting on 3.5% because the PMI would be so low it'd be better to save the rest of the down-payment for something else.
|
|
#
?
Apr 23, 2022 00:53
|
|
|
Lacrosse posted:My loan officer was actively talking me out of 20% down. They kept insisting on 3.5% because the PMI would be so low it'd be better to save the rest of the down-payment for something else. you can use that money to convert half of it into an AirBnB and get on that Side Hustle grindset #CEO #FIRE
|
|
#
?
Apr 23, 2022 00:55
|
|
|
mastershakeman posted:no one does 20% down without a gift and it's annoying that people pretend it's a thing. you do 5% down and eat the $100 a month PMI, because housing inflation goes faster than being able to save only second home buyers have to front 20% and the idea that you need 20% stops loads of people who [could afford] a house from even looking into it. I ONLY knew about this because I asked my brother-in-law straight up what they paid to get into a $200,000 house almost a decade ago and his answer was $10k and I was like wtf I can get that
|
|
#
?
Apr 23, 2022 01:16
|
|
|
i am harry posted:I ONLY knew about this because I asked my brother-in-law straight up what they paid to get into a $200,000 house almost a decade ago and his answer was $10k and I was like wtf I can get that this i never knew how little my friends were putting down until I started asking a couple years back. I’m a sucker.
|
|
#
?
Apr 23, 2022 01:18
|
|
|
i am harry posted:only second home buyers have to front 20% and the idea that you need 20% stops loads of people who [could afford] a house from even looking into it. ya, you could do this in 2018. closing costs including 3% down payment on a 130k house was 8k, at 3.75%. we were about to look for another apartment when we ran the numbers, and even with pmi, taxes and everything else, the monthly mortgage was a couple hundred less than most rents in the area.
|
|
#
?
Apr 23, 2022 01:25
|
|
|
will the upcoming recession drop prices? in some places at least there has to be a bubble.
|
|
#
?
Apr 23, 2022 01:45
|
|
|
Ramrod Hotshot posted:will the upcoming recession drop prices? in some places at least there has to be a bubble. Having lived through the last bubble run up then pop, I can say probably but not enough to matter. Anyone not already flush with actual cash (and not those bullshit services that offer cash on your behalf) won't be able to get a loan to buy anything, so it'll just be all the oligarchs buying up the rest of the housing supply at a discount.
|
|
#
?
Apr 23, 2022 01:56
|
|
|
Ammanas posted:when was this, tell us more 1934-1965 e: I'm crudely stating the dates between the creation of the FHA and the Department of Housing
|
|
#
?
Apr 23, 2022 02:10
|
|
|
BIG-DICK-BUTT-gently caress posted:ya the other thing to think about for those who don't mind living in rural areas is a USDA loan. Im not super familiar but you don't need ANY down payment and rates are often below-market. There are income limits and of course only rural properties qualify but still seems like a decent opportunity for some This is called a USDA Rural Development loan and it's more determined by what county you're in than anything. If the USDA says your county (the one you're buying in) is rural, and less than 5-10 acres (varies, can buy a homestead but not farm land), you can qualify. Not sure on income requirements. However, USDA loans can exceed the 30 year standard, most falling between 33 and 38 years.
|
|
#
?
Apr 23, 2022 02:26
|
|
|
We bought this time last year on what, looking back, feels like the last day before things really started going to poo poo. Either we got in ahead of the wave of people offering 20% over asking and waiving inspections, or those types were turned off by the place because it's going to collapse in two years or something. Make it easier for younger people to buy homes dammit. I just want neighbors who are my age instead of all of the old folks on my block! mastershakeman posted:no one does 20% down without a gift and it's annoying that people pretend it's a thing. you do 5% down and eat the $100 a month PMI, because housing inflation goes faster than being able to save I remember 10-15 years ago my dad drilling into my head that if I ever bought a house, that I should make sure I was able to put 20% down to start. I mentioned this anecdote to the guy who set up our mortgage and he basically laughed at me.
|
|
#
?
Apr 23, 2022 02:34
|
|
|
Lacrosse posted:My loan officer was actively talking me out of 20% down. They kept insisting on 3.5% because the PMI would be so low it'd be better to save the rest of the down-payment for something else. because they probably get paid a percent of how big the loan is. less down, bigger payday.
|
|
#
?
Apr 23, 2022 02:35
|
|
|
lol the same thing happened with my brother. Everyone involved in the process of him buying a home in Atlanta persuaded him to put in 3 percent when he wanted to put in at least a 10 percent downpayment. What is that about?
|
|
#
?
Apr 23, 2022 02:38
|
|
|
Lacrosse posted:My loan officer was actively talking me out of 20% down. They kept insisting on 3.5% because the PMI would be so low it'd be better to save the rest of the down-payment for something else. lol yeah i spent years saving up 20% and it stopped me from buying in 2018 or 2019 when I could have. That would have saved me so much money. I did end up putting 20% down, even though some of that went to paying an appraisal gap
|
|
#
?
Apr 23, 2022 02:40
|
|
|
I put 20% down on my home and I also bought a point off the loan so I'm at %2.75. My goal is to pay less in interest then I do principle over the life of the loan. Probably not the "ideal" setup, but it's not like there is a guaranteed way to get a >8% return on cash anyway.
|
|
#
?
Apr 23, 2022 02:49
|
|
|
would be nice to own a home but i rent in a city and i couldn't justify $500k to worsen my life by moving way the hell out and start driving everywhere or i could just casually drop $700k on a complete piece of poo poo floor in a 3-family house that's way worse than my already lovely rental in the area...at least I wouldn't be supporting landlords anymore
|
|
#
?
Apr 23, 2022 03:04
|
|
|
  australia and canada have been at the bottom of these kinds of lists for a decade, i would cut off my nuts for a <5x median multiple, so i guess what i'm saying is stop complaining? but also it sucks everywhere.
|
|
#
?
Apr 23, 2022 03:09
|
|
|
Mola Yam posted:so i guess what i'm saying is stop complaining? no
|
|
#
?
Apr 23, 2022 03:12
|
|
|
yeah fair enough. very funny that pittsburgh is the least unaffordable on that list
|
|
#
?
Apr 23, 2022 03:16
|
|
|
alberta is only so affordable because oil prices dropping before the pandemic wrecked its economy. if oil stays high boom times are back baby, time to crank it to the worst possible form of hydrocarbon extraction on this dumb planet
|
|
#
?
Apr 23, 2022 03:18
|
|
|
I've never heard anything about Pittsburgh in my life or from anyone I have worked with and now I'm hearing about it constantly
|
|
#
?
Apr 23, 2022 03:18
|
|
|
people can't stop talking about Pittsburgh!
|
|
#
?
Apr 23, 2022 03:22
|
|
|
bi crimes posted:I've never heard anything about Pittsburgh in my life or from anyone I have worked with and now I'm hearing about it constantly welcome to c-smap bicth
|
|
#
?
Apr 23, 2022 03:23
|
|
|
Mola Yam posted:
from 66 and live near 75 
|
|
#
?
Apr 23, 2022 03:29
|
|
|
can you loving imagine houses priced at 2.7X the median income in your town? jesus christ. that would be like sub-$300k here, when they're actually over $1M
|
|
#
?
Apr 23, 2022 03:30
|
|
|
i am harry posted:from 66 and live near 75 heil from 88 
|
|
#
?
Apr 23, 2022 03:31
|
|
|
Mola Yam posted:can you loving imagine houses priced at 2.7X the median income in your town? jesus christ. that would be like sub-$300k here, when they're actually over $1M that's happening in the toronto suburbs yeah. oshawa's median income is $88k before taxes and the houses are selling on average for $960k
|
|
#
?
Apr 23, 2022 03:32
|
|
|
|
| # ? Apr 27, 2024 14:38 |
|
|
i am harry posted:from 66 and live near 75 Calling bullshit on that list for missing Boulder.
|
|
#
?
Apr 23, 2022 03:32
|
|