Bought a townhome end unit in 2015 for 140K brand new, now it's worth close to 375k. Have a HOA, but I'm not complaining because I have a pool in the neighborhood. Interest rate is 3%. I feel bad for these new buyers with these rates at 6-7%, I doubt we ever see pre covid rates again...hope I'm wrong tho.
Money Expert: "Don't buy a house"
- Thread starter winb83
- Start date
Sir Richard Spirit
Superstar
Equity still rising round these parts 
DaddyFresh
Superstar
I was living in apartments for the last decade and always wanted a house as a single guy. fell on hard times and was staying with mom dukes for some time and she has a big 2 story joint. The amount of maintenance, repairs, walking, cleaning etc. Not worth it imo. I pay my rent and dont have to worry about one thing lol. I can grind
Mike Nasty
Veteran
Right off the bat he's talking about being young and being financially stable. I checked out when he said "rent is $500 and you know it's going to stay $500"
Prices were still good around covid so that was an amazing time to buy. It was the best thing I did because my mortgage payment is like nothing…but someone buying at this exact moment might not get the same deal.
Just gotta find property in areas with good prices…
Just gotta find property in areas with good prices…
Love it
beenz
Rap Guerilla
man those 2-3% rates were the lowest mortgage rates in american history. I doubt we EVER see that again.
I've done the math multiple times and it simply does not make any sense for me. 
Unless you got a family or an incredible deal I do not understand why somebody would sign up for that shyt
Unless you got a family or an incredible deal I do not understand why somebody would sign up for that shyt
They shouldI guarantee the homeowners on here have higher incomes and net worths.than the rest of you that rent...
You need higher income(s) to make that shyt work.
don’t worry. They have made housing so expensive and will make it more expensive that eventually no one besides rich people will buy them who won’t live in them but will rent them out to you at a high cost and make more money than they spend.
Private home ownership will be a thing of the past in our new neo-feudal order. If you’re lucky, you can live in a company town like in the 1800s and you cant survive outside of it.
If you can’t see the signs of where things are going between this, making everything subscription based, these people celebrating they will take your job with ai, etc. you’re blind. Every year is one step closer to this future. Hell they are making it where healthcare isn’t even affordable anymore and they could have prevented it but chose not to.
“Money expert” tells you not to buy a house. But no one talking about why 20 years ago this wasn’t the advice and it is now. Why is it like that and who caused it to be like that?
You will own nothing and be happy
Private home ownership will be a thing of the past in our new neo-feudal order. If you’re lucky, you can live in a company town like in the 1800s and you cant survive outside of it.
If you can’t see the signs of where things are going between this, making everything subscription based, these people celebrating they will take your job with ai, etc. you’re blind. Every year is one step closer to this future. Hell they are making it where healthcare isn’t even affordable anymore and they could have prevented it but chose not to.
“Money expert” tells you not to buy a house. But no one talking about why 20 years ago this wasn’t the advice and it is now. Why is it like that and who caused it to be like that?
You will own nothing and be happy
yall listen to youtube gurus if you want.
Buying a home was a great thing fot me and others i know.
Buying a home was a great thing fot me and others i know.
Last edited:
Definitely a terrible deal in today's economy of stagnant wages and non-existent job security. Most people are better off buying land and building your own home. I know several people that did just that. Rather than pay the huge markup by home builders in these major cities.I've done the math multiple times and it simply does not make any sense for me.
Unless you got a family or an incredible deal I do not understand why somebody would sign up for that shyt
Priced out of 75% of the market, Americans’ dream of homeownership has become a luxury
Priced Out Of 75% Of The Market, Americans' Dream of Homeownership Has Become A Luxury | Bankrate
Buying a typical home takes at least a six-figure income in most major markets, Bankrate found.
www.bankrate.com
I got raw land, over an acre and I am seriously considering putting up a tiny home on it now and make that my primary residence. The housing market is going to change in the coming years
