The American dream
03-11-2008, 01:14 PM
#21
3.0 BAR
Join Date: Dec 2004
Posts: 1,976
Re: The American dream
Originally Posted by Dr.Boost
Asking price is $166k. We're approved for $189k, but I dunno if I want to go that high. 
It's only a 2 bed-2 bath so it's not THAT small for 980sq, but yeah..... 
I don't know if I want an older/bigger house because it costs a fortune to cool down in the summer out here.
It's only a 2 bed-2 bath so it's not THAT small for 980sq, but yeah..... I don't know if I want an older/bigger house because it costs a fortune to cool down in the summer out here.
03-11-2008, 01:43 PM
#22
1.5 BAR
Join Date: May 2004
Posts: 863
Re: The American dream
dude, ---- AZ. for that much where i live you can live in a nice development with a 2 story house+ basement, 4 bedroom 3 bath.
wow, never realized the price of real estate is that high in other parts of the country. i would have figured that for arounbd like l.a, vegas or something like that. but damn, makes me want to stay in ohio
wow, never realized the price of real estate is that high in other parts of the country. i would have figured that for arounbd like l.a, vegas or something like that. but damn, makes me want to stay in ohio
03-11-2008, 07:05 PM
#23
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Join Date: Mar 2003
Posts: 21,479
Re: The American dream
Originally Posted by 98redcavz24
by "we're approved for" do you mean you and your boyfriend??
congrats coontits
congrats coontits
Originally Posted by highroller54
best thing I ever did was buy my house, Its worth 350,000 now and I payed 160,000 only owned it for 6 years. Good luck Mr. Boost 
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03-11-2008, 07:14 PM
#25
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Re: The American dream
Originally Posted by N/A mike
plenty of people have lots hundreds of thousands of dollars on houses.
i lost 100k on my house and then i ended up losing the house all together.
i lost 100k on my house and then i ended up losing the house all together.
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03-11-2008, 07:32 PM
#26
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Join Date: Jan 2008
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Re: The American dream
when the price of your house goes from $300k to $205k and your interest rate goes up and you can't afford the payment anymore you try to refinance but you can't cause the house is not worth anything you lose your house.
03-11-2008, 07:36 PM
#27
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Join Date: Mar 2003
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Re: The American dream
Originally Posted by N/A mike
when the price of your house goes from $300k to $205k and your interest rate goes up and you can't afford the payment anymore you try to refinance but you can't cause the house is not worth anything you lose your house.
My loan has a fixed rate and I'm buying at the BOTTOM of the market, not the TOP. It's entirely possible to lose money in real estate, but in my situation they would have to start giving these houses away for me to lose money. It doesn't matter anyways. I'm not planning on selling for quite a few years. Real estate has been known to double in price every decade or so. I know it did out here. __________________
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03-11-2008, 07:39 PM
#28
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Join Date: Apr 2006
Posts: 676
Re: The American dream
Originally Posted by N/A mike
when the price of your house goes from $300k to $205k and your interest rate goes up and you can't afford the payment anymore you try to refinance but you can't cause the house is not worth anything you lose your house.
http://docs.google.com/TeamPresent?d...uth=true&pli=1
I hate to be harsh because a lot of people got fucked up this problem and its left the real estate market in shambles, but anyone who thought a sub prime mortgage was a good idea and thought you really could buy a home with no down payment is absolutely retarded.
03-11-2008, 07:41 PM
#29
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Join Date: Dec 2006
Posts: 1,505
Re: The American dream
I actually did read here recently that buying a house wasn't as quite a good investment as it was in the past. Don't know if I actually agree with that, but it did have some interesting points. There's no way I would pay $100 plus thousand dollars for a 900 square foot house. I see the prices of houses and land going up here as well, but it hasn't got to that point quite yet.
03-11-2008, 07:46 PM
#30
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Join Date: Mar 2003
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Re: The American dream
Originally Posted by Inquisition
I hate to be harsh because a lot of people got fucked up this problem and its left the real estate market in shambles, but anyone who thought a sub prime mortgage was a good idea and thought you really could buy a home with no down payment is absolutely retarded.
Originally Posted by CspecRun
I actually did read here recently that buying a house wasn't as quite a good investment as it was in the past. Don't know if I actually agree with that, but it did have some interesting points. There's no way I would pay $100 plus thousand dollars for a 900 square foot house. I see the prices of houses and land going up here as well, but it hasn't got to that point quite yet.
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