I would have rather paid rent for the last 2-3 years and bought my house for what it is worth now....

 

i'm almost off of it. the only thing i have right now is insurance on my children. they need it. i don't even have insurance and until i have a job that offers it for them they're going to stay on it.
i totally get what you're saying....and yes, what a great world it would be if everyone was honest.....but that will never happen. look at the politicians, they're the worst. i don't ever see it happening.
i used to never want to take advantage of the system...never. i would only take what i needed. then, i tried to get help in mass while i was living there for just PART of my daycare....nope, i made too much money somehow, as i'm leaving the office once they declined me in walks a black girl, with her 5 kids, all wearing fubu puffy coats and she had her hair and nails did and she's collecting welfare check....pffft. ever since then i've been for ******* the system.

 

I hope becky finishes school well before the kids start costing a lot of money so we can bankroll for a while

 

My parents bought their house for 30k in the 70's and its worth 900k now. I agree that returns like that are completely out of the picture now but I do believe that you buy a house for 300k now that in 30 years the property will be worth well over a million - maybe more.

 

That's great in 20-30 years, but I don't want to raise a family in a 890 square foot ranch.....

 

I disagree for a few reasons.

1.) There is a cap on certain areas, like my neighborhood is pretty nice - but houses will never sell for 250k around me. Bottom Line.

2.) The last 2 years was a serious bubble burst, things will not inflate over the next 30 years like they did over the previous, like i said in my previous post the market will turn around in about 4 years and the economy will start rolling again but housing will not climb in value like it once did, it will be much slower and steadier.

 

i'm assuming that will happen sometime between the ages of 11-14

 

so maybe you bought the wrong house.

 

+1

Which is why i am ready to have lacey get a loan before we are married, get a newer, bigger house for cheaper and the bank can have my ****

 

It depends on location and inflation. At some point houses have to stop going up faster than inflation. You can only commit so much of you paycheck to housing. Location is going to play a much larger role in housing as an investment.

 

It was more like "You have 3 years to lock in a rate for 30 years" Was never told the truth about refinancing, how you have to pay closing costs again. I was just told that I could pay less for the first 3 years, and lock in an intrest rate at any time. No I am stuck with an ever adjusting ARM because I don't have the money to refinance since my house is worth 1/2 what I paid for it.

 

OMR SUBCAGE (S)

OMR SUBCAGES available:
Honda

• CBR F4i - 01, 02, 03 will also fit the single seat style with minor mods
• CBR 954- all years
• CBR 929- all years
• CBR 600RR - 03 , 04 , 05 , 06 , 07 <<< click here

Kawasaki

• zx6r/rr (636) - 03, 04, 05, 06 07 08<<< click here

Suzuki

• GSXR 600/750 -00, 01, 02, 03, 04, 05
• GSXR 1000 -01, 02, 03, 04

Yamaha

• R6 - 03, 04, 05 <<< click here
• R6s (old body style) - 06, 07, 08

$175 Shipped
pay pal accepted

Tech

• The 03-06 CBR 600RR , 03-05 Yamaha R6 ,03 04 gsxr 1000 and the f4i pegs are lowered and moved back and out for better peg position!
• The 01-03 GSXR 600 and 750 have the pegs moved out two inches because of the big tail section
• THE 07 600RR pegs are located 2-1/2 inches lower and 3 inches wider (Than stock)
• All other omr subframe cage models are in the stock location except they are rotated on their axis so they don't fold up unless you fold them up, this also puts your foot on the grippy part of the peg during a wheelie.
• omr subcages are available for all makes and models but only the ones listed above are available for shipping

click here to contact >> old man roger

the original folding peg subcage!!!!!!!!!

>>click here to see why i only sell folding peg subcages<<

 

Well everyones entitled to have their opinions but imo, even in your neighborhood property values will go up. There's no way that the values will stay at 250k with inflation and cost of living increases. Basically what youre saying is that you buy a house for 250k now and in 30 years it'll still be worth 250k. Impossible. I agree on the slower and steadier increase but most people buy properties to live in them for the rest of their lives so you buy a property now, it will increase in value over your life in the house. There's no more buy a property for 250k now and in a year it'll be worth 350k. The whole economy was fucked up a few years ago and people had a lot of money coming in so they were paying up for houses. Ive seen buyers pay 50k over what the property was worth because they wanted that house. That **** doesnt happen anymore.

 

Have values really dropped like that around you? My house is still worth more than I paid for it 3 years ago.

 

Actually a lot of them did. I have a few friends that did motgage brokering and I heard some stories that are not nice. SO what a young lady that is not the smartest financially and gets confused with all the technical jargon but knows a house is a smarter way to go than renting deserves to get fucked because she trusted the lender who made it look like she made more than she really did so she was pre-approved for more and ended up in a house she couldn't afford because she trusted someone that is supposed to be a professional deserved it?

that was meant to be a runon sentence

 

I bought the perfect first house that I planned on staying in for 5-6 years. Now I am stuck. I should burn the ****** down.

 

According to who?

Values have dropped like that all over. California, arizona, orlando, atlanta, detroit, chicago ....

 

 

I dont agree. What you saw a couple of years ago, as property values went up, interest rates went down which made the payment more managable. I agree that only so much of your check can go to paying your mortgage and thats why the banks have debt ratios in place. The thing was that last year debt ratios didnt matter because if you didnt have enough income to qualify, you just threw them into a no income check loan and that was it. Location plays the biggest role in housing as an investment but I dont care where you live - whether its the ghetto or the burbs, if you buy a property now over the next 30 years you will see an increase and at least double your money

 

Now that I think about it, housing is not a good investment if you are living in it anyway. If house prices go up, when you sell you have to buy another house at the inflated prices. If they go down, you buy cheaper. The only way to make money on a house is fix it up to increase the value despite the market or not have to buy another one when you sell.