shyt is crazy, my girls close friend bought a townhome in July for 300k.. she paid 50k over asking (listed at 250) and still hasn’t shown us the listing till this day. She had remorse all throughout the closing process.
Homebuyer’s remorse: most people who bought a house recently have regrets
- Thread starter Doobie Doo
- Start date
That can be true but look it like this. You paying mortgage directly or indirectly whether you own a house or not. Why not have your money go to your equity than paying down someone else’s loan. That equity is a cheat code for black people because chances of you getting a large loan at a bank is slim for most black people.
The Devil's Advocate
Call me Dad
Intelligent people are waiting on the recession
Market always drops.
I refinanced at 2.875 toooooooo!
I seriously saved SO much money
I think I cried lol
beenz
Rap Guerilla
yessir. after I refinanced in aug 2021, I locked my credit on all three bureaus cuz I shouldn't ever need credit again.
we’re the #1 in the country for litigation against homeowners insurance
they just passed some laws but my agent said it won’t change prices until next year or later
beenz
Rap Guerilla
I did both. I refinanced, which cost me like 4K total and then still make the same payment. so I'm throwing an extra $400 a month at the principle. already paid off 10% of the remaining mortgage in less than a year.
Dilltastic VolWon(derful)
Superstar
Explain
The Devil's Advocate
Call me Dad
When this inflation keeps rising and the rent keeps rising and the layoffs start and people can’t afford the mortgage….
The bank gonna let these joints go for the low and the market is going to go down down down. It already has in 40 out of the top 50 real estate markets.
Road20
All Star
I did at first because of the location. I live in farm country now about 45 minutes from the bay. But once I got used to driving where I needed to go I love it. The weather during the summer is hot AF but minor inconvenience
I brought my house last year, rates were 2.3% for a 30 year, no points, and if I was to use the average rates today, my monthly payment would be the same if my house went down by like $250k. Now, if I want to sell now, I won't make much money but I won't lose anything because home prices have still gone up a bit since last year.
G
Girl, I’m so proud of you!I got a good deal on my place this year, and my interest rate is 3.25%. Almost didn't make it. I bid over (nowhere near 65k), and it still appraised for more than I bought it for (and has gone up in value since then as well). It looked like shyt, but had good bones. I've put about 50k into it and with the improvements it will be more, I want to get it reappraised (with some white people pictures on the wall of course). It's a multi-unit, the rent will pay the mortgage and leave me a decent profit after I've put away all my other expenses.