Buying a Home is a Headache

Joined
May 7, 2012
Messages
28,020
Reputation
4,823
Daps
104,356
It could mean people are moving from
that area period, but still w/in the US which makes sense to me. With so many work from home opportunities people are leaving high COL areas like NY, to more affordable states like NC.


Yea, but not 80%, that’s huge.

Not saying they’re lying. United Vans may just be a company customers tend to use for long haul moves. Those moving across town are more likely to rent a U-Haul.

Note this doesn’t change the gist of the tweet: More people are moving out of NY and more are moving into NC. I was just looking for perspective on the metric they were using.
 

charknicks

All Star
Joined
May 6, 2012
Messages
5,334
Reputation
416
Daps
11,650
would you say its better to buy a condo or a SFH/semiattached home? I'm looking at condos but i'm concerned with management, HOA fees, and resale

Yeah, the HOA is a problem that I try to stay away from if you can. Too many guidelines and restictions that hinder what you can do in your own property. Problem is pretty much any condo will have HOAs these days.

As far as resale, either a condo or SFH will work. If you are in a decent to good neighborhood, the value will go up so you will be able to sell with no issues when you are ready. The main thing is I would research the HOA companies that run the condo you are looking at if you can before buying. I personally would go for a home if you could (if you dont mind yardwork)
 

BigMan

Veteran
Joined
Dec 5, 2012
Messages
32,874
Reputation
5,874
Daps
91,679
Yeah, the HOA is a problem that I try to stay away from if you can. Too many guidelines and restictions that hinder what you can do in your own property. Problem is pretty much any condo will have HOAs these days.

As far as resale, either a condo or SFH will work. If you are in a decent to good neighborhood, the value will go up so you will be able to sell with no issues when you are ready. The main thing is I would research the HOA companies that run the condo you are looking at if you can before buying. I personally would go for a home if you could (if you dont mind yardwork)
i did a lot of yardwork growing up so no problem there. Thanks breh. repped.
 

Pseudonym

Secretary of Defense for #catset
Supporter
Joined
Apr 7, 2017
Messages
16,645
Reputation
10,431
Daps
74,029
Why do people get so financially savvy all of a sudden when it comes to buying a home? Lol They don’t care about money losing value on rent or whatever they tossing cash at, but when it comes time for ownership, they gotta move like Warren Buffet.

Obtain a mortgage you can afford based on current finances and move from there.

:mjcry: I’m proud of my little house, it ain’t no mansion but we can afford the mortgage and it’s exactly what we wanted in bedrooms, office/library, corner lot in the cut in the back of the neighborhood


I think I said this before, my husband bought that plot without even asking me. Someone else was looking at it and he wrote the check right then.
Huge risk, but that’s was the perfect location.

if times get real real hard it’s already valued $30k higher
 

JT-Money

Superstar
Joined
May 1, 2012
Messages
13,790
Reputation
4,740
Daps
58,114
Reppin
NULL
Smh. Men should add value.
I think you got that backwards.
giphy.gif
 

Rawtid

Veteran
Supporter
Joined
Jun 23, 2012
Messages
43,323
Reputation
14,688
Daps
119,473
:mjcry: I’m proud of my little house, it ain’t no mansion but we can afford the mortgage and it’s exactly what we wanted in bedrooms, office/library, corner lot in the cut in the back of the neighborhood


I think I said this before, my husband bought that plot without even asking me. Someone else was looking at it and he wrote the check right then.
Huge risk, but that’s was the perfect location.

if times get real real hard it’s already valued $30k higher

My house is home base. It’s affordable, well built, but it’s old and ugly. When times got hard, I went a year without paying a mortgage, if I was renting I would have been evicted. My house has served its purpose; a roof over my head, running water, clean, etc. My mortgage is $812, including home owners insurance and taxes. I pay for a warranty service at $52 a month. Home ownership owes me nothing!
 

Pseudonym

Secretary of Defense for #catset
Supporter
Joined
Apr 7, 2017
Messages
16,645
Reputation
10,431
Daps
74,029
My house is home base. It’s affordable, well built, but it’s old and ugly. When times got hard, I went a year without paying a mortgage, if I was renting I would have been evicted. My house has served its purpose; a roof over my head, running water, clean, etc. My mortgage is $812, including home owners insurance and taxes. I pay for a warranty service at $52 a month. Home ownership owes me nothing!


:lawd: And you’re almost done, right? Or am i confusing you with someone else?:old:


And about the old /ugly...I’ve always wanted a house that looked like crap on the outside but superior on the inside with renovations. Burglars would pass by my house in a heartbeat
 

Rawtid

Veteran
Supporter
Joined
Jun 23, 2012
Messages
43,323
Reputation
14,688
Daps
119,473
:lawd: And you’re almost done, right? Or am i confusing you with someone else?:old:


And about the old /ugly...I’ve always wanted a house that looked like crap on the outside but superior on the inside with renovations. Burglars would pass by my house in a heartbeat

I wish. It’s low though. Trying to get it under $100k, it’s at like $105k now.

My hopes are are renovate this year but even if I don’t, I will eventually so not in a huge rush. It’s more a personal thing for me.
 

Pseudonym

Secretary of Defense for #catset
Supporter
Joined
Apr 7, 2017
Messages
16,645
Reputation
10,431
Daps
74,029
I wish. It’s low though. Trying to get it under $100k, it’s at like $105k now.

My hopes are are renovate this year but even if I don’t, I will eventually so not in a huge rush. It’s more a personal thing for me.


Now I remember, you were talking about getting it under 100k and I was like :gladbron: because I just started my loan this last year
 
Top