New homeowners living in denial

[Mr Mirchi]

3 hours ago, Guest said:

Cheppanu 

U missed “brother” lol

[Bapineedu]

10 hours ago, veerigadu said:

Intlooooo adaa ladies poruuu padalekaaa kontunna ani oka colleagueee monna neee cheppi badha paddaduuu. 1 month nundi sarrigaaa matladatleee....Pakka lo ki night raniyatle ani indirect ga seppaduuu. 

Lucky fellow

[CuteDesiGal]

28 minutes ago, Mr Mirchi said:

Nuvvu sagam correct ga cheppaav…..Aaa mukka aa manishi cheppaaalaa

it all depends on house price… cheap lo house price anuko… appudu rent lo kotha amount property tax and then the rest would go as  interest payment…

adhe 1million atound anuko.. rent amount property tax mingesthadhi… interest kattukovaali extra 

inka family big dpace lo enjoymwnt antaavaa … i agree on this

so rent ki kattedhi intiki ani chala mandhi lekkalu veyakunda house thisukoni ammo annaaru before covid…..

e sollu logics kaakunda….. proper lekkalu vesukoni house thisukunte better evaryna

Lekkalu veyakunda guddi ga antha amount petti evadu illu konadu baa. In my case 2 bed 2 bath ki 2k kattevadini. Ippudu single family home ki 2.8k kaduthunna. 7yrs patu rents katta avg 20k per yr 130-140k etu poyayi. Atleast adhe sontha intiki kadithe per yr entho kontha towards principal velli kids ki aadukune plc untadi nee illu nu enjy cheyochu. Indulo kooda neeku logic kanipichakapothe probably i m doing wrong math.

[Pavanonline]

3 hours ago, perugu_vada said:

austin lo real estate is hopeless man .. there is no proper infrastructure to connect the dots .. FOMO valla kontunnaru illu .. but for Austin area those rates are overpriced by a minimum of 30% .. also Austin in and around property taxes kuda very high . like 2.7% or so .. own house ki rent kattinatlu ah property tax kattedi

Inflated ani Austin vasulu antaru but if you are coming from any major metros la, sfo, nyc, Seattle it’s nothing for them. So as long as people are fleeing these cities and still a lot of people are then it’s not going to crash. There will be consolidation emo in investment houses, still bidding is going on in several new communities and resale houses. Others are first come first serve kuda undatledu.

[Mr Mirchi]

4 hours ago, perugu_vada said:

austin lo real estate is hopeless man .. there is no proper infrastructure to connect the dots .. FOMO valla kontunnaru illu .. but for Austin area those rates are overpriced by a minimum of 30% .. also Austin in and around property taxes kuda very high . like 2.7% or so .. own house ki rent kattinatlu ah property tax kattedi

Ne logic entharaku correst anedhi cheppalenu gani

austin lo vunna na friends maatram… austin ni oka swargam la telling … big companies vunnavi tesla vachindhi.. inkedho big companies vachinavi ani….

may be oka 5-10% max correction vundochemo after a year or so

[pakeer_saab]

1 hour ago, CuteDesiGal said:

Lekkalu veyakunda guddi ga antha amount petti evadu illu konadu baa. In my case 2 bed 2 bath ki 2k kattevadini. Ippudu single family home ki 2.8k kaduthunna. 7yrs patu rents katta avg 20k per yr 130-140k etu poyayi. Atleast adhe sontha intiki kadithe per yr entho kontha towards principal velli kids ki aadukune plc untadi nee illu nu enjy cheyochu. Indulo kooda neeku logic kanipichakapothe probably i m doing wrong math.

nuvvu cheppe aspect konna vaadike telustadu.. konakunda wait chese vaadu wait chestanu untaadu

by the time they save 50K hoping home prices will fall down, home prices are actually rising 80K and they are also paying rent while waiting

per sq ft price chooste renting lo you pay more without equity

[pandu123b]

2 hours ago, CuteDesiGal said:

Lekkalu veyakunda guddi ga antha amount petti evadu illu konadu baa. In my case 2 bed 2 bath ki 2k kattevadini. Ippudu single family home ki 2.8k kaduthunna. 7yrs patu rents katta avg 20k per yr 130-140k etu poyayi. Atleast adhe sontha intiki kadithe per yr entho kontha towards principal velli kids ki aadukune plc untadi nee illu nu enjy cheyochu. Indulo kooda neeku logic kanipichakapothe probably i m doing wrong math.

ee logic was working with pre covid prices until 2020 may be.

also Texas lo Property Tax is almost equal to rent with current house prices.

so, its no longer buy instead of rent

it is rent(TAX) and buy 🤣.

if you give your details about location, price, year bought it will add more value.

both logics are right..

[Guest]

3 hours ago, Mr Mirchi said:

U missed “brother” lol

Fill in the blank 

[Thokkalee]

3 hours ago, CuteDesiGal said:

Lekkalu veyakunda guddi ga antha amount petti evadu illu konadu baa. In my case 2 bed 2 bath ki 2k kattevadini. Ippudu single family home ki 2.8k kaduthunna.

Thappammaa… ila evarini padithe vallani, aparichitulani “Bava “ ani pilavakudadu… 

Janaalu verega oohinchukuntaru 😄

[Thokkalee]

Thumb rule- if your mortgage payment (incl property taxes) is below 35% of your household income, you are good… everyone is giving gyaan based on their income levels and no one know the affordability of the other person..

[jaathiratnalu]

10 hours ago, Mr Mirchi said:

Nuvvu sagam correct ga cheppaav…..Aaa mukka aa manishi cheppaaalaa

it all depends on house price… cheap lo house price anuko… appudu rent lo kotha amount property tax and then the rest would go as  interest payment…

adhe 1million atound anuko.. rent amount property tax mingesthadhi… interest kattukovaali extra 

inka family big dpace lo enjoymwnt antaavaa … i agree on this

so rent ki kattedhi intiki ani chala mandhi lekkalu veyakunda house thisukoni ammo annaaru before covid…..

e sollu logics kaakunda….. proper lekkalu vesukoni house thisukunte better evaryna

1 million petti illu konevaadu a matram kattagaladu 

I followed standard rule for Mortagage payment ( not exceeding  30% of income)  and am happy  with it 

[Sambavami yugeyuge]

So many economists on this forum. If you have high conviction that housing market is going to tank, why don’t guys open heavy short positions and make bank?

[terminator_desi]

20 hours ago, Hydrockers said:

Ni yavva guba meda okati piki cheppalisndi

Papam cant blame him bro.Innocent person and hard worker came from a village . FOMO, other friends provocation, wife pressure and 2 contract jobs chestunna anna confidence to konadu. I indirectly asked him to wait for 1year but he did not listen.New home Bidding lo gelavaleka 20 years old home double price ki konnadu(290 k in 2019)

[krishnaaa]

5 hours ago, Sambavami yugeyuge said:

So many economists on this forum. If you have high conviction that housing market is going to tank, why don’t guys open heavy short positions and make bank?

Population is going to decline going forward for multiple decades.

People aren't having kids, Robots are going to reduce construction costs in future.

How can you justify saying prices are going to go up long term just like in the past?

[Sonu_Patel]

11 minutes ago, krishnaaa said:

Population is going to decline going forward for multiple decades.

People aren't having kids, Robots are going to reduce construction costs in future.

How can you justify saying prices are going to go up long term just like in the past?

key point to consider is ppl are migrating from other countries like us..