US Housing Market Faggotry

Niiiiiice yards those houses have. Jeez.
Anyway, bought my house for $185,000 (minus $15,000 down) in 2004 and it's for sale right now for $275,000. If I get that, I win!
 
BTW, you guys should consider moving to the South for real. $800,000 will buy you the nicest house in the coolest neighborhood in the entire city of Nashville. Apparently the same amount in Cali will get you a souless cookie-cutter house with no yard down the street from a billion other people.
 
dorian gray said:
BTW, you guys should consider moving to the South for real. $800,000 will buy you the nicest house in the coolest neighborhood in the entire city of Nashville. Apparently the same amount in Cali will get you a souless cookie-cutter house with no yard down the street from a billion other people.
Click to expand...

lol @ lurch in Nashville

:loco:

but yeah ... ny same shit ... $800K no yard ... MAAAAAAYBE a small frontyard
 
or Atlanta, Raleigh, Charleston, Savannah, New Orleans (haha), even Lousville, Kentucky. Whatever. So you have to fly to see some shows, at least you have a house and a yard.

Anyway, the thing about houses that irritates me is they're the only thing that goes up in value as the quality goes down and cost of maintenance goes up.
 
OK I'm about to throw away my 4.625% for a higher APR of 6.5% fixed before the market tanks. That means, I'm going to lose approx. $2K between now and March 08.

God help me. :zombie:

I am banking on the interest rates increasing over the next 7 months to make this gamble worthwhile.
 
Losing $2k in housing right now is like throwing pennies at a homeless person. We're talking 6 and 7 figure losses for John Q. Dipshit, and by the barrel.

Not that I wouldn't be a little pissed anyhow. :tickled:
 
Meh, maybe in California where subdivision houses with no yard are apparently going for $800,000
 
bwaahahahahha

"We know the loans are unfair, that's why we stopped paying them back."
"But... you lose your house!"
"Yeah, but they lose a trillion dollars. That's tit for tizzat."
 
you have to understand, I'm voluntarily giving up 4.6% to go to 6.5% early. The last thing I need to see is the mortgage rate dropping over the next month to 5.75% (without points). :erk:

EDIT - note that my concern isn't the equity value of the house, it's my fucking monthly payment. I'm already watching my pennies, now I've got an extra $500 going out the door. double x :erk:
 
dude, I fucking locked it in last night.

this morning I wake up and CNN have "BREAKING NEWS OMG" flashing on the screen: the federal reserve have cut interest rates!

I go to my bank website, and lo and behold, first signs of mortgage rates doing exactly what everybody saying they would NOT do: GO DOWN.

Tomorrow, they'll go down again. But I'm locked in tighter than Susperia's used panties in Dark One's hotel bed.
 
Well, of course, they could go back up but EVERYONE was shocked at the Fed Reserve cutting the rates today. We had about 12 calls come in within 30 minutes from lenders. :lol:

We'll see what happens. If I'm locked at 6.5%, then so be it. I'll dust off my feather cap and put the wife back on the game. :loco:
 
Honestly I wouldn't worry about it. The Fed only cut rates today to prevent a possible meltdown since the Dow was tanking all week. It worked, but there's no way interest rates will stay this low for much longer. Otherwise we'll just get hyperinflation, which might happen anyhow. Hooray!

During the last housing downturn, rates were around 18%, which means approx. 248579028759082475 jewtokens in mortgage payments for them, but not you. Nor me, because I won't buy a house. :loco:
 
You must log in or register to reply here.

Similar threads

tedvanfrehley
Ted's Van Halen poll
Replies
27
Views
662
Old School Metal Discussion
Bryant
B
K
School of Infantry
Replies
8
Views
371
RC
JayKeeley
J
sixxswine
Old School gone Haywire
Replies
20
Views
459
Old School Metal Discussion
Bryant
B
NAD
Where were you in 1995, where are you today, and where will you be in 2015?
Replies
49
Views
1K
RC
Profanity
P
J.
My Sporadic Update Thread
Replies
102
Views
4K
RC
Krilons Resa
K
Top Bottom
Back