Economy is in the dumps....so i'm buying a house!
 

Sup Niggletts! Havent been on here in a while. Life has been busey. We have a 4 M.O. boy(My 7Y.O. wanted a sibling), my wife is back in College, and I got diagnosed with a bit of a desiese. But though these tough times all is good.

Since house prices are in the dumps and a family of 17 Salvadorians moved into the attached 3 beedroom house next to us, we decided to look for a house. We wanted to stay in Chino, CA. I grew up in LA and prefer living in the burbs. Found a house for $300k :6. FHA loan at 5%, 2.5% down, and my payment will be $400 less than what I pay for rent right now :4. It's 4 bed, 2 bath, 1600sqft.

Snapped some pictures before my gay ass camera died. The people who lost it took took out max. equity and blew the money on senseless upgrades. It needs some TLC but since I'm in the trades it won't take much to get it looking good.
http://i157.photobucket.com/albums/t...5/IMGP0073.jpg
http://i157.photobucket.com/albums/t...5/IMGP0074.jpg
http://i157.photobucket.com/albums/t...5/IMGP0075.jpg
http://i157.photobucket.com/albums/t...5/IMGP0076.jpg
http://i157.photobucket.com/albums/t...5/IMGP0078.jpg
http://i157.photobucket.com/albums/t...5/IMGP0079.jpg
http://i157.photobucket.com/albums/t...5/IMGP0080.jpg

Yes, I know CA blows ass and is on the verge of bankrupcy but this is where we want to call home. Tried Texas. It wasnt for us :3 though financially we were in the best shape ever.

Re: Economy is in the dumps....so i'm buying a house!
 

Nice. Im moving back to the deserts. Houses in the cuts lancaster/palmdale fixer uppers are under 60k these days.

Re: Economy is in the dumps....so i'm buying a house!
 

I know! I cant belive how cheap the houses are. You can get a similar house to this one in San Bernardino for $125-150K. This house was mortgaged up to $489k when the market turned. :o :o

Re: Economy is in the dumps....so i'm buying a house!
 

chris, youre really moving???

where the hell am i going to get my last minute parts at midnight from?"

Re: Economy is in the dumps....so i'm buying a house!
 

When I go to socal I'm going to totally either skate your pool or go down that sick ass slide.

Re: Economy is in the dumps....so i'm buying a house!
 

Nice ass house, I've been trying to buy but its a pain in the dick.

Re: Economy is in the dumps....so i'm buying a house!
 

that is a nice crib, right on the corner too

Re: Economy is in the dumps....so i'm buying a house!
 

Looks pretty good for 300. The only things I would need to change is that little divider wall in the front, and I'd probably paint the outside to match the side wall. Where in Chino is it? You know a nigga grew up in Chino Hills. :6 (and will be there next week) :6 :6

Re: Economy is in the dumps....so i'm buying a house!
 

good ----.... ive seen some bad ass homes in the past few weeks...bank repo's are the way to go right now..

congrats man

Re: Economy is in the dumps....so i'm buying a house!
 

i see another stevemode hit coming... wait for it.......

Re: Economy is in the dumps....so i'm buying a house!
 

Im looking at 2 bedrooms homes with 1/2 acre+lots for under 50k in Lancaster. They need work but hell with a solid down payment my house payment will be less than a new car payment. I like. Have you thrown in your offer yet? Im hearing you can still take 5 percent off the cost they are asking in most cases. Im planning on moving back to so cal at the end of this year. The prices I feel still have a little more to go most are saying another 20 percent in most of California minus the Bay Area.

Re: Economy is in the dumps....so i'm buying a house!
 

so is there a socal meet coming up soon at your crib raffi? :D

Re: Economy is in the dumps....so i'm buying a house!
 

Steve, It's off the 60 between mountain and euclid south of philadelphia. Yeah that wall needs to go :8. we will also be tearing down a 1/2 of the wall tha devides the kitchen and the dinind room. making a breakfast bar while opening up the kitchen a bit more. i'll post better picts soon.

rawr, the pool needs work. they cut out the pumps and chopped the pipes near the ground. so it will be skateable for a while :y.

the house is owned by countrywide right now and the only big requirement was that financing was done through them.

Re: Economy is in the dumps....so i'm buying a house!
 

Oh, Hell yeah!! :y :y

Re: Economy is in the dumps....so i'm buying a house!
 

---- i can't wait for the seattle market to get down that low. i'm dumping my house now, i'll be lucky to get what i paid out of it... renting a condo will be 35% of my house payment... makes way too much sense. our market is going to continue down into the shitter as well.
Attachment 9818

:-X

Re: Economy is in the dumps....so i'm buying a house!
 

yes sir you can! I just bought a house right on the borderline of palmdale/littlerock! I can actually see exactly where LACR "USE" to be from my front porch! I got it for 70k with closing costs and everything included. All im paying is the 2400$ down payment to move in. There are so many houses in lancaster and palmdale right now that are fixer uppers for 50-60k its crazy! I bought this one because it needs absolutly NO work. New carpet,paint everything was redone before im moving in! Escrow closes in march!

---- im buying a house and i only make ------- 10$ a hour!!! With morgage and pmi and insurance im looking at 575$ a month! :y

Re: Economy is in the dumps....so i'm buying a house!
 

hey d16forlife. Are u sure the fha loan u got is 2.5 down?? Because im going the fha route to and mine is 3.5% down?? Damn 300k! U could of gotten a ------- mansion out here in lancaster palmdale right now for that much!! U should move out here its not that far from where your at now!

Re: Economy is in the dumps....so i'm buying a house!
 

Lancaster/Palmdale should be has cheap has it is,jobs are hard to come by out there. Im going to go with my gut and say houses continue to fall in price and try to atleast put 10k down if not more. Oh LACR I still cant believe its gone.

Re: Economy is in the dumps....so i'm buying a house!
 

Im moving way out in the cuts I want a big lot atleast 1/2 an acre and nothing but empty lots on each side of me. Has long has its got 2 rooms and a bathroom Im sold. I need to learn home construction anyway this would be a good reason too learn.

Re: Economy is in the dumps....so i'm buying a house!
 

My bad, you're right. Its 3.5%. Still, $11K down payment is'nt bad IMO.

I'm not far from L.A at all. Downtown is 35miutes with traffic. I work in Studio City and I can make it there in less than ah hour with traffic. Me and the high desert dont get along, anyway. :3

Re: Economy is in the dumps....so i'm buying a house!
 

You and afroman not friends?

Re: Economy is in the dumps....so i'm buying a house!
 

You're so full of ----. Take off around 630am and let me know how that 35 minutes works out for you.

Re: Economy is in the dumps....so i'm buying a house!
 

if you move to south eastern pa you fall into the ne crew, ala hotrex :6

Re: Economy is in the dumps....so i'm buying a house!
 

Good to see you Raffi.

Re: Economy is in the dumps....so i'm buying a house!
 

nice house.

Re: Economy is in the dumps....so i'm buying a house!
 

i got dibs on skating your pool. your also gonna need a rock garden for some rock crawling. When can i come visit sucka?

Re: Economy is in the dumps....so i'm buying a house!
 

didnt you already have a house paid off?

Re: Economy is in the dumps....so i'm buying a house!
 

possibly in texas? says he lived there.

Re: Economy is in the dumps....so i'm buying a house!
 

6:30? People with real jobs are on the road by 5:30, son :8. Any later than that and you're SOL. :1

88DX Yeah, my house in TX was paid off at one point.

Julio, the rock garden will be here. Allready got the old lady to sign off on it. :6
http://i157.photobucket.com/albums/t...IMGP0074-1.jpg

Re: Economy is in the dumps....so i'm buying a house!
 

countrywide. ---- them. cheap asses


sorry... they dont pay me enough money


wachovia FTW

Re: Economy is in the dumps....so i'm buying a house!
 

Well, as far as loans I have had 3 with countrywide and have never had any problems.....but then again I dont work for them.

Re: Economy is in the dumps....so i'm buying a house!
 

LOL I was thinking the same exact thing

Re: Economy is in the dumps....so i'm buying a house!
 

nice pool and slide, kinda reminds me of the mtv cribs episode when they showed the playboy mansion, looks like a mini version of the playboy pool...

Re: Economy is in the dumps....so i'm buying a house!
 

+1

You down for a FL->OHIO->Pool shred?

That deep end is siiiiiiiiiiiiiiiiiiiicccccccccckkkkkkkk.

Re: Economy is in the dumps....so i'm buying a house!
 

Thats a nice ass house,

nows the time to buy, prices are super cheap, rates are extremely low, and tons of tax credits being given.

Re: Economy is in the dumps....so i'm buying a house!
 

me too. I have half way decent credit for once in my life and im having a ------ shitty time. im hoping this debt we all got ourselves into will help me out.

oh yeah, and that pool is totally kick ass. even if it needs work, it would be a bitchin project.