Buying a Home is a Headache

[the bossman]

Bruh I tried buying in DC specifically Deanwood but new construction and reno’s going for $450K plus

Shiiiiid the Southside ain’t no different now


I work for DC Government and they only offered me $8K towards my down payment because I fall in a higher income bracket


I had a co-worker that only made $53K and DC gave her $85K towards her down payment

I was happy for her but at the same time I’m like what is Mayor Bowser and the council thinking?

She and the council are wondering why the majority (80%) of the DC Gov’t high earning workforce live in PG, MC, AA, HOCO, So. MD, W. MD, B-More, NOVA, WVA, Del, PA and even NC

If she and the council really offered good incentives to folks like ME to move back to DC WE would in a heartbeat.

Good deals in DC been long gone since 2015

 

[lochead]

Wtf and this is crazy. Stuff like this is why some people don’t feel the need to move up the income ladder




how do you live in NC working in DC?

Glad you asked





DC FEMS is the white boy mafia The majority of DC firefighters are 3rd and 4th generation white boys. The firefighters schedule allows them to live in places Del, NC, VA, WVA and PA and still bank $130K plus a year

 

[UberEatsDriver]

Glad you asked





DC FEMS is the white boy mafia The majority of DC firefighters are 3rd and 4th generation white boys. The firefighters schedule allows them to live in places Del, NC, VA, WVA and PA and still bank $130K plus a year

Oh snap cause they work like 3 days a week.

 

[Wink Beaufield]

Good deals in DC been long gone since 2015

2014 is when I bought my house. If I tried to buy it today I'd be priced the fukk out.

 

[Skooby]

Good deals in DC been long gone since 2015

That's the year I arrived in the area. No way I could have afforded it then. Smh.

My whole life is just bad timing.

 

[Rell Lauren]

Most def Williamsburg is a prime area

Good luck now even with renting. When they stopped working on the L, rents were actually dropping but Cuomo bullied his way through to go around Byford to get it done due to the real estate lobby reaching out to him.

 

[⠝⠕⠏⠑]

Maaaaan I’m just soaking up all the information from this thread

 

[Hoshi_Toshi]

Looking to buy in Charlotte in a few months

Thread making me nervous

 

[dynamik]

First off....I don’t even like the way most new homes in my budget look.

My budget for a house is $300000. I’ll have about $60k to put down and I qualify for a first time homeowner program and down payment assistance programs as well.

But my major issue is paying a bunch of money for a barn looking house made from cheap siding, that is two feet away from your neighbors house, no backyard space, acreage....

Also the house plans. I grew up in a brick ranch home. 3 bedroom/2 baths, den, living room, dining room, kitchen with breakfast area.

But now because everybody thinks “OPEN FLOOR PLAN” is the coming messiah, the houses somehow have more space but less room.

So I no longer get a separate eat in kitchen, and a dining room. No longer have a living room/parlor AND a den. Just one big ole mashed together area.

And the BEDROOM SPACE! How can the house I grew up in be 1700 square feet and have bedrooms large enough to accommodate a full bedroom set...but a big ass 2200 square foot house got rooms the size of matchboxes.

I have full wood furniture. You know. Real shyt. Not particle board bullshyt you pay $2000 for these days. Bedroom sets passed down from my grandparents from 1800s.

But these new ass houses ain’t even got bedrooms big enough to accommodate a full/Queen size bed, nightstand, armoire, and dresser.

So I feel like I’m paying more for less even though it’s a newer home.
Is it just better to build? Am I trippin? I swear older homes are better than some of the new shyt I see on the market now.

This is your problem right here. My wife is a mortgage broker, and these assistance programs are a pain in the ass to get done. They also pigeon hole you into certain qualifying homes.

 

[SheWantTheD]

I'm not expert but I'd save some more and hold on buying a home.

Buying a home is not even the most stressful part and when you buy a home I would carefully inspect everything.

My pops bought the WRONG house, and I say that because it's old and there's so much underlying shyt that's outdated and needed to be fixed.

Take a careful look at everything on the inside AND outside of the house. Hire a professional or get someone who knows how to spot red flags in homes so you aren't dropping 10 grand later.

 

[SheWantTheD]

Plenty of nikkas have died while reaching for they shyt
stay vigilant at all times

When buying a home, DO NOT SETTLE for anything less than what you want. Consider a different side of town or a different suburb, houses are often built in a certain style similar to houses around it, so you might see different styles if you check a different area.

Buying new is great, just try to make sure they didn't take any shortcuts with the house.

My parents bought a new house in '06 and luckily my dad noticed one area where they had cut corners, something about the dryer vent leading to nowhere

Exactly.

Homeowners will be slick, cut corners or hide issues with the house.

Heating or AC not working in particular rooms, rodent infestation, the infrastructure of the house allows rodents to enter, terrible fencing, etc.

I honestly would not buy a home that doesn't have a basement, having a basement you can chill in is GOAT status.

 

[SheWantTheD]

breh the fees are their way of eating off of you one last time in the event you never move again since the bank is the only one to be eating from you aside from utilities and Home Depot.

and the way all of this is set up it just feels like it’s designed to fukk brehs over unless you walk in that bytch with 100% cash. You can’t outright prove it but the the shyt feels the way it feels.

becoming a homeowner in the states is a finesse for the banks. Why should I house, that's a basic amenity for survival take decades to be able to pay for? Just doesn't make sense.

cost of living and homes in other countries are far far cheaper.

If I had a remote job or had my own business I'd live overseas, rent in the States.

 

[chineebai]

Buying a home isn't that stressful, it's the mortgage payment along with all the other bills you have that's stressful which is why you have to stay within your budget and not buy the max, and have savings after you buy the home.

 

[SheWantTheD]

6709 Pencade Ln, Charlotte, NC 28215 | MLS #3680989 | Zillow

Soon as I refresh my browser, they are under contract.

Holy fukk that would be like 700k+ in Jersey!

 

[Conan]

More people need to consider just not buying at all. Between the fees, bank interest, opportunity cost... It's worth considering what just renting would look like