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February 12, 2011 at 8:37 AM #666408February 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.
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.
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.
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.
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.
February 12, 2011 at 9:10 AM #665289CAwireman
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 9:10 AM #665352ParticipantThanks 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 #665953ParticipantThanks 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 #666088ParticipantThanks 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 #666423ParticipantThanks 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.
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.
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.
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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