- This topic has 65 replies, 8 voices, and was last updated 12 years, 1 month ago by
SD Transplant.
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AuthorPosts
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February 11, 2011 at 9:47 PM #18512
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February 11, 2011 at 10:57 PM #665158
masayako
ParticipantCongrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.
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February 11, 2011 at 11:12 PM #665178
CA renter
ParticipantHooray for both of you!!!! 🙂
Congratulations on your new homes! It must be an awesome feeling after waiting all these years.
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February 12, 2011 at 8:37 AM #665274
jpinpb
ParticipantHope you both enjoy your purchases.
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February 12, 2011 at 8:37 AM #665337Participant
Hope you both enjoy your purchases.
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February 12, 2011 at 8:37 AM #665938Participant
Hope you both enjoy your purchases.
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February 12, 2011 at 8:37 AM #666073Participant
Hope you both enjoy your purchases.
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February 12, 2011 at 8:37 AM #666408Participant
Hope you both enjoy your purchases.
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February 11, 2011 at 11:12 PM #665238Participant
Hooray for both of you!!!! 🙂
Congratulations on your new homes! It must be an awesome feeling after waiting all these years.
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February 11, 2011 at 11:12 PM #665841Participant
Hooray for both of you!!!! 🙂
Congratulations on your new homes! It must be an awesome feeling after waiting all these years.
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February 11, 2011 at 11:12 PM #665977Participant
Hooray for both of you!!!! 🙂
Congratulations on your new homes! It must be an awesome feeling after waiting all these years.
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February 11, 2011 at 11:12 PM #666310Participant
Hooray for both of you!!!! 🙂
Congratulations on your new homes! It must be an awesome feeling after waiting all these years.
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February 12, 2011 at 8:56 AM #665279
waiting hawk
Participant[quote=masayako]Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.[/quote]
Thats how I looked at it. Rent 1600 a month for 6000sqft lot 1200 sqft house. Buy with 43000 lot and 2200 house for 1867 a month. after tax break it drops me below rent at 1517 a month. Current rents in my location is 2200-2400 a month. The guy next door to me lived here 12 years before me pays 2800 a month (cashed out) and only 800 a year less in taxes and he only has a 27000 sqft lot. I am pretty happy we can roll out from here with living on 1 income.
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February 12, 2011 at 8:56 AM #665342Participant
[quote=masayako]Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.[/quote]
Thats how I looked at it. Rent 1600 a month for 6000sqft lot 1200 sqft house. Buy with 43000 lot and 2200 house for 1867 a month. after tax break it drops me below rent at 1517 a month. Current rents in my location is 2200-2400 a month. The guy next door to me lived here 12 years before me pays 2800 a month (cashed out) and only 800 a year less in taxes and he only has a 27000 sqft lot. I am pretty happy we can roll out from here with living on 1 income.
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February 12, 2011 at 8:56 AM #665943Participant
[quote=masayako]Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.[/quote]
Thats how I looked at it. Rent 1600 a month for 6000sqft lot 1200 sqft house. Buy with 43000 lot and 2200 house for 1867 a month. after tax break it drops me below rent at 1517 a month. Current rents in my location is 2200-2400 a month. The guy next door to me lived here 12 years before me pays 2800 a month (cashed out) and only 800 a year less in taxes and he only has a 27000 sqft lot. I am pretty happy we can roll out from here with living on 1 income.
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February 12, 2011 at 8:56 AM #666078Participant
[quote=masayako]Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.[/quote]
Thats how I looked at it. Rent 1600 a month for 6000sqft lot 1200 sqft house. Buy with 43000 lot and 2200 house for 1867 a month. after tax break it drops me below rent at 1517 a month. Current rents in my location is 2200-2400 a month. The guy next door to me lived here 12 years before me pays 2800 a month (cashed out) and only 800 a year less in taxes and he only has a 27000 sqft lot. I am pretty happy we can roll out from here with living on 1 income.
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February 12, 2011 at 8:56 AM #666413Participant
[quote=masayako]Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.[/quote]
Thats how I looked at it. Rent 1600 a month for 6000sqft lot 1200 sqft house. Buy with 43000 lot and 2200 house for 1867 a month. after tax break it drops me below rent at 1517 a month. Current rents in my location is 2200-2400 a month. The guy next door to me lived here 12 years before me pays 2800 a month (cashed out) and only 800 a year less in taxes and he only has a 27000 sqft lot. I am pretty happy we can roll out from here with living on 1 income.
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February 11, 2011 at 10:57 PM #665218Participant
Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.
-
February 11, 2011 at 10:57 PM #665821Participant
Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.
-
February 11, 2011 at 10:57 PM #665957Participant
Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.
-
February 11, 2011 at 10:57 PM #666291Participant
Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.
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February 12, 2011 at 9:10 AM #665289
CAwireman
ParticipantThanks for the well wishes.
Masayako congrats. Our stats were a little different, but is sounds like we bagged comparable homes. I will brag (if you can call paying the points required to pull it off bragging.)that we have an interest rate of 4.25 %, and paid dearly for it. But, regardless of what we paid to get that rate just a short time ago, to get the same rate today, would cost another $2k in points since the rates have ratched up in the last couple of weeks since we locked. But, it was an REO, and needs work up front before we move in, and ongoing TLC thereafter. We went over there last night
with Pizza, used a laptop as a campfire to eat by as the utilites had been turned off at noon, and spent a few hours in our new place. Our 18 year old son hadn’t seen it yet, so it was his first time checking it out. He digs it!CAR – for me, I had a house up in LA, bought it in 92, and left it in 98 (owing slightly more that it was worth due to deflation). So, we’ve been sitting on the sidelines, trying to pick up valuable insights to allow us to make a good decision. Since leaving the other property, its been about 13 years (not difficult to do the math, I know). Hard to believe the waiting is over. Without sites like Piggington, calc risk, and all the RE sites, etc, I dare say, we would probably be in a more expensive home which would be more of a financial burden than it should.
JP – thanks. We have a ways to go before we are there. We have to paint, re-carpet, etc. And, oh, by the way, my wife’s scheduled to deliver on Feb 28th. (no pressure or anyting….)
As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners…-
February 12, 2011 at 9:21 AM #665299Participant
[quote=Whawk] I am pretty happy we can roll out from here with living on 1 income.
[/quote]Yeah, we are doing the same. But, its a bit on the tight side budget-wise. My wife may begin working PT later on after our baby gets into school.
Just because you could get by on one income, I’m guessing rightly or wrongly, that you are still rolling with 2, which is great if it doesn’t cause you all any grief. All the best on your place.
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February 12, 2011 at 9:21 AM #665362Participant
[quote=Whawk] I am pretty happy we can roll out from here with living on 1 income.
[/quote]Yeah, we are doing the same. But, its a bit on the tight side budget-wise. My wife may begin working PT later on after our baby gets into school.
Just because you could get by on one income, I’m guessing rightly or wrongly, that you are still rolling with 2, which is great if it doesn’t cause you all any grief. All the best on your place.
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February 12, 2011 at 9:21 AM #665963Participant
[quote=Whawk] I am pretty happy we can roll out from here with living on 1 income.
[/quote]Yeah, we are doing the same. But, its a bit on the tight side budget-wise. My wife may begin working PT later on after our baby gets into school.
Just because you could get by on one income, I’m guessing rightly or wrongly, that you are still rolling with 2, which is great if it doesn’t cause you all any grief. All the best on your place.
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February 12, 2011 at 9:21 AM #666097Participant
[quote=Whawk] I am pretty happy we can roll out from here with living on 1 income.
[/quote]Yeah, we are doing the same. But, its a bit on the tight side budget-wise. My wife may begin working PT later on after our baby gets into school.
Just because you could get by on one income, I’m guessing rightly or wrongly, that you are still rolling with 2, which is great if it doesn’t cause you all any grief. All the best on your place.
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February 12, 2011 at 9:21 AM #666433Participant
[quote=Whawk] I am pretty happy we can roll out from here with living on 1 income.
[/quote]Yeah, we are doing the same. But, its a bit on the tight side budget-wise. My wife may begin working PT later on after our baby gets into school.
Just because you could get by on one income, I’m guessing rightly or wrongly, that you are still rolling with 2, which is great if it doesn’t cause you all any grief. All the best on your place.
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February 12, 2011 at 9:29 AM #665304Participant
[quote=HiggyBaby]As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners…[/quote]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.
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February 12, 2011 at 9:10 PM #665472Participant
[quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?
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February 12, 2011 at 9:33 PM #665487Participant
[quote=HiggyBaby][quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?[/quote]
{gasp} yes. Just posted a lengthy thread about it all.
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February 13, 2011 at 10:08 AM #665746
protorio
ParticipantCongrats! Seems like a lot of Piggs have found some affordable houses and the timing is right. We waited for like 7 or 8 years, reading blogs, thinking everyone was crazy, were proven right, and here we are.
We closed in December, too – 4.25 fixed w/o points, as we could have locked in 4.0 with a fee. That was the first week in November – we lucked out. One income, won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.
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February 13, 2011 at 10:32 AM #665751
briansd1
Guest[quote=protorio]won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.[/quote]
Congrats to those who bought. You have to consider rent vs. buy. And if buy works out then all the better.
I’m in Philadelphia part of my time. I bought over there because I could not rent anything decent. It’s an old city and everything there is old and musty. Big difference from Downtown San Diego where everything is brand new.
If buying is similar to rent and you get what you want, then it’s fine to buy.
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February 13, 2011 at 10:32 AM #665813Guest
[quote=protorio]won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.[/quote]
Congrats to those who bought. You have to consider rent vs. buy. And if buy works out then all the better.
I’m in Philadelphia part of my time. I bought over there because I could not rent anything decent. It’s an old city and everything there is old and musty. Big difference from Downtown San Diego where everything is brand new.
If buying is similar to rent and you get what you want, then it’s fine to buy.
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February 13, 2011 at 10:32 AM #666409Guest
[quote=protorio]won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.[/quote]
Congrats to those who bought. You have to consider rent vs. buy. And if buy works out then all the better.
I’m in Philadelphia part of my time. I bought over there because I could not rent anything decent. It’s an old city and everything there is old and musty. Big difference from Downtown San Diego where everything is brand new.
If buying is similar to rent and you get what you want, then it’s fine to buy.
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February 13, 2011 at 10:32 AM #666546Guest
[quote=protorio]won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.[/quote]
Congrats to those who bought. You have to consider rent vs. buy. And if buy works out then all the better.
I’m in Philadelphia part of my time. I bought over there because I could not rent anything decent. It’s an old city and everything there is old and musty. Big difference from Downtown San Diego where everything is brand new.
If buying is similar to rent and you get what you want, then it’s fine to buy.
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February 13, 2011 at 10:32 AM #666886Guest
[quote=protorio]won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.[/quote]
Congrats to those who bought. You have to consider rent vs. buy. And if buy works out then all the better.
I’m in Philadelphia part of my time. I bought over there because I could not rent anything decent. It’s an old city and everything there is old and musty. Big difference from Downtown San Diego where everything is brand new.
If buying is similar to rent and you get what you want, then it’s fine to buy.
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February 13, 2011 at 7:35 PM #665969Participant
Exactly. When the numbers make sense, make the move.
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February 14, 2011 at 8:02 AM #666027
SD Transplant
Participantcongrats….welcome to the club
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February 14, 2011 at 8:02 AM #666089Participant
congrats….welcome to the club
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February 14, 2011 at 8:02 AM #666688Participant
congrats….welcome to the club
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February 14, 2011 at 8:02 AM #666828Participant
congrats….welcome to the club
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February 14, 2011 at 8:02 AM #667164Participant
congrats….welcome to the club
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February 13, 2011 at 7:35 PM #666029Participant
Exactly. When the numbers make sense, make the move.
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February 13, 2011 at 7:35 PM #666628Participant
Exactly. When the numbers make sense, make the move.
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February 13, 2011 at 7:35 PM #666768Participant
Exactly. When the numbers make sense, make the move.
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February 13, 2011 at 7:35 PM #667105Participant
Exactly. When the numbers make sense, make the move.
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February 13, 2011 at 10:08 AM #665808Participant
Congrats! Seems like a lot of Piggs have found some affordable houses and the timing is right. We waited for like 7 or 8 years, reading blogs, thinking everyone was crazy, were proven right, and here we are.
We closed in December, too – 4.25 fixed w/o points, as we could have locked in 4.0 with a fee. That was the first week in November – we lucked out. One income, won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.
-
February 13, 2011 at 10:08 AM #666404Participant
Congrats! Seems like a lot of Piggs have found some affordable houses and the timing is right. We waited for like 7 or 8 years, reading blogs, thinking everyone was crazy, were proven right, and here we are.
We closed in December, too – 4.25 fixed w/o points, as we could have locked in 4.0 with a fee. That was the first week in November – we lucked out. One income, won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.
-
February 13, 2011 at 10:08 AM #666541Participant
Congrats! Seems like a lot of Piggs have found some affordable houses and the timing is right. We waited for like 7 or 8 years, reading blogs, thinking everyone was crazy, were proven right, and here we are.
We closed in December, too – 4.25 fixed w/o points, as we could have locked in 4.0 with a fee. That was the first week in November – we lucked out. One income, won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.
-
February 13, 2011 at 10:08 AM #666881Participant
Congrats! Seems like a lot of Piggs have found some affordable houses and the timing is right. We waited for like 7 or 8 years, reading blogs, thinking everyone was crazy, were proven right, and here we are.
We closed in December, too – 4.25 fixed w/o points, as we could have locked in 4.0 with a fee. That was the first week in November – we lucked out. One income, won’t grow out of it, etc. I fully expect prices to drop, but I cannot call bottom. Sometimes, you’ve just got to go for it if it works.
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February 12, 2011 at 9:33 PM #665550Participant
[quote=HiggyBaby][quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?[/quote]
{gasp} yes. Just posted a lengthy thread about it all.
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February 12, 2011 at 9:33 PM #666148Participant
[quote=HiggyBaby][quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?[/quote]
{gasp} yes. Just posted a lengthy thread about it all.
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February 12, 2011 at 9:33 PM #666283Participant
[quote=HiggyBaby][quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?[/quote]
{gasp} yes. Just posted a lengthy thread about it all.
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February 12, 2011 at 9:33 PM #666620Participant
[quote=HiggyBaby][quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?[/quote]
{gasp} yes. Just posted a lengthy thread about it all.
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February 12, 2011 at 9:10 PM #665535Participant
[quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?
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February 12, 2011 at 9:10 PM #666133Participant
[quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?
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February 12, 2011 at 9:10 PM #666269Participant
[quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?
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February 12, 2011 at 9:10 PM #666605Participant
[quote=jpinpb]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.[/quote]
jp, did you buy a place?
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February 12, 2011 at 9:29 AM #665367Participant
[quote=HiggyBaby]As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners…[/quote]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.
-
February 12, 2011 at 9:29 AM #665968Participant
[quote=HiggyBaby]As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners…[/quote]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.
-
February 12, 2011 at 9:29 AM #666102Participant
[quote=HiggyBaby]As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners…[/quote]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.
-
February 12, 2011 at 9:29 AM #666438Participant
[quote=HiggyBaby]As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners…[/quote]Please let me know about this. I will be explaining later on another thread my need. In the interim, CAR has been awesome.
-
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February 12, 2011 at 9:10 AM #665352Participant
Thanks for the well wishes.
Masayako congrats. Our stats were a little different, but is sounds like we bagged comparable homes. I will brag (if you can call paying the points required to pull it off bragging.)that we have an interest rate of 4.25 %, and paid dearly for it. But, regardless of what we paid to get that rate just a short time ago, to get the same rate today, would cost another $2k in points since the rates have ratched up in the last couple of weeks since we locked. But, it was an REO, and needs work up front before we move in, and ongoing TLC thereafter. We went over there last night
with Pizza, used a laptop as a campfire to eat by as the utilites had been turned off at noon, and spent a few hours in our new place. Our 18 year old son hadn’t seen it yet, so it was his first time checking it out. He digs it!CAR – for me, I had a house up in LA, bought it in 92, and left it in 98 (owing slightly more that it was worth due to deflation). So, we’ve been sitting on the sidelines, trying to pick up valuable insights to allow us to make a good decision. Since leaving the other property, its been about 13 years (not difficult to do the math, I know). Hard to believe the waiting is over. Without sites like Piggington, calc risk, and all the RE sites, etc, I dare say, we would probably be in a more expensive home which would be more of a financial burden than it should.
JP – thanks. We have a ways to go before we are there. We have to paint, re-carpet, etc. And, oh, by the way, my wife’s scheduled to deliver on Feb 28th. (no pressure or anyting….)
As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners… -
February 12, 2011 at 9:10 AM #665953Participant
Thanks for the well wishes.
Masayako congrats. Our stats were a little different, but is sounds like we bagged comparable homes. I will brag (if you can call paying the points required to pull it off bragging.)that we have an interest rate of 4.25 %, and paid dearly for it. But, regardless of what we paid to get that rate just a short time ago, to get the same rate today, would cost another $2k in points since the rates have ratched up in the last couple of weeks since we locked. But, it was an REO, and needs work up front before we move in, and ongoing TLC thereafter. We went over there last night
with Pizza, used a laptop as a campfire to eat by as the utilites had been turned off at noon, and spent a few hours in our new place. Our 18 year old son hadn’t seen it yet, so it was his first time checking it out. He digs it!CAR – for me, I had a house up in LA, bought it in 92, and left it in 98 (owing slightly more that it was worth due to deflation). So, we’ve been sitting on the sidelines, trying to pick up valuable insights to allow us to make a good decision. Since leaving the other property, its been about 13 years (not difficult to do the math, I know). Hard to believe the waiting is over. Without sites like Piggington, calc risk, and all the RE sites, etc, I dare say, we would probably be in a more expensive home which would be more of a financial burden than it should.
JP – thanks. We have a ways to go before we are there. We have to paint, re-carpet, etc. And, oh, by the way, my wife’s scheduled to deliver on Feb 28th. (no pressure or anyting….)
As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners… -
February 12, 2011 at 9:10 AM #666088Participant
Thanks for the well wishes.
Masayako congrats. Our stats were a little different, but is sounds like we bagged comparable homes. I will brag (if you can call paying the points required to pull it off bragging.)that we have an interest rate of 4.25 %, and paid dearly for it. But, regardless of what we paid to get that rate just a short time ago, to get the same rate today, would cost another $2k in points since the rates have ratched up in the last couple of weeks since we locked. But, it was an REO, and needs work up front before we move in, and ongoing TLC thereafter. We went over there last night
with Pizza, used a laptop as a campfire to eat by as the utilites had been turned off at noon, and spent a few hours in our new place. Our 18 year old son hadn’t seen it yet, so it was his first time checking it out. He digs it!CAR – for me, I had a house up in LA, bought it in 92, and left it in 98 (owing slightly more that it was worth due to deflation). So, we’ve been sitting on the sidelines, trying to pick up valuable insights to allow us to make a good decision. Since leaving the other property, its been about 13 years (not difficult to do the math, I know). Hard to believe the waiting is over. Without sites like Piggington, calc risk, and all the RE sites, etc, I dare say, we would probably be in a more expensive home which would be more of a financial burden than it should.
JP – thanks. We have a ways to go before we are there. We have to paint, re-carpet, etc. And, oh, by the way, my wife’s scheduled to deliver on Feb 28th. (no pressure or anyting….)
As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners… -
February 12, 2011 at 9:10 AM #666423Participant
Thanks for the well wishes.
Masayako congrats. Our stats were a little different, but is sounds like we bagged comparable homes. I will brag (if you can call paying the points required to pull it off bragging.)that we have an interest rate of 4.25 %, and paid dearly for it. But, regardless of what we paid to get that rate just a short time ago, to get the same rate today, would cost another $2k in points since the rates have ratched up in the last couple of weeks since we locked. But, it was an REO, and needs work up front before we move in, and ongoing TLC thereafter. We went over there last night
with Pizza, used a laptop as a campfire to eat by as the utilites had been turned off at noon, and spent a few hours in our new place. Our 18 year old son hadn’t seen it yet, so it was his first time checking it out. He digs it!CAR – for me, I had a house up in LA, bought it in 92, and left it in 98 (owing slightly more that it was worth due to deflation). So, we’ve been sitting on the sidelines, trying to pick up valuable insights to allow us to make a good decision. Since leaving the other property, its been about 13 years (not difficult to do the math, I know). Hard to believe the waiting is over. Without sites like Piggington, calc risk, and all the RE sites, etc, I dare say, we would probably be in a more expensive home which would be more of a financial burden than it should.
JP – thanks. We have a ways to go before we are there. We have to paint, re-carpet, etc. And, oh, by the way, my wife’s scheduled to deliver on Feb 28th. (no pressure or anyting….)
As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners…
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