House Prices Fall in Nearly Half of US States!!!

[Konebhar6]

13 minutes ago, lollilolli2020 said:

prices tagguthe affordable avvali gaa 

A friend bought a condo for $1.2Million in CA. HOA - $790 (Not kidding). He is doing some work on the home (Replace carpets with hardwood floors, paint cabinets, paint home - 30k). Looks like it needs HOA approval. 

Another friend bought a house for $1.4 Million during Covid. Low HOA. Has a loan of $1.2 Million.

Loan for $950K - Payment is $6000/month. Payment for $1.2 M - $4000/Month. 

[lollilolli2020]

13 minutes ago, Konebhar6 said:

A friend bought a condo for $1.2Million in CA. HOA - $790 (Not kidding). He is doing some work on the home (Replace carpets with hardwood floors, paint cabinets, paint home - 30k). Looks like it needs HOA approval. 

Another friend bought a house for $1.4 Million during Covid. Low HOA. Has a loan of $1.2 Million.

Loan for $950K - Payment is $6000/month. Payment for $1.2 M - $4000/Month. 

friend peru cheppi nee story ni irikinchav ga madyalo @Sucker chusava idi. 

CA has been like that; ghost houses enni vunnayooo; like chinese wealthy investors invest chesi unoccupied vunnai. 

nenu normal ga adugutunna 
wrt to this 

 

[FrustratedVuncle]

8 hours ago, Sonu_Patel said:

ee new ma dallas ki applicable avadanna. endhanna.. ma dallas lo bids vesi maree kontunte.. 

Anna Atlanta pothivi kadanna. Malli ma Dallas antunnav?

[SaradaChinnodu]

56 minutes ago, ARYA said:

adentanna atl antee bootala swargam annaru

adhey ga sonu Patel cheppeddhi...."booty"ala swargam ani ...lol

[SaradaChinnodu]

21 minutes ago, Konebhar6 said:

A friend bought a condo for $1.2Million in CA. HOA - $790 (Not kidding). He is doing some work on the home (Replace carpets with hardwood floors, paint cabinets, paint home - 30k). Looks like it needs HOA approval. 

Another friend bought a house for $1.4 Million during Covid. Low HOA. Has a loan of $1.2 Million.

Loan for $950K - Payment is $6000/month. Payment for $1.2 M - $4000/Month. 

how bro? monthly payments doesnt make sense...is it the interest rate and high hoa that inflated the payment to 6000K?

Even before covid with low interest rates  payment for 1.2M has to be more than that kadha?

[shaktimaan]

29 minutes ago, Konebhar6 said:

Payment for $1.2 M - $4000/Month

doesn't make sense...my emi is 3100/m for 550k loan with 2.75%

[jalsa01]

9 minutes ago, shaktimaan said:

doesn't make sense...my emi is 3100/m for 550k loan with 2.75%

enni yrs ki bro intrest?

[CanadianMalodu]

5 hours ago, CaptainMaverick said:

Mostly Desis anna....undedi H1 meeda...$$$ petti illu kontaaru edo Citizens ayinattu!!! All their jobs are just one bad quarter away!! Buying houses when interest rates were low or affordable...that was a different story...Many could buy houses with whatever amount they had been paying toward rent!!

Unless they have a GC or Citizenship, buying houses in this market is sheer stupidity. All control all your expenses to the maximum extent. 

Adhe magic. Surprising thing, people are happy to buy a mortgage with 5% down payment also. If they factor in property tax asalu emi profit untadhi anedhi kooda teliyadhu. But janalu, avanni anavasaram, YouTube lo house warming pettam aa, saree meedha necklace vesukunnama anedhi important. But Powell Tatha, katte kalchi MuDd1 meedha vaatha pette large unnadu.

[Konebhar6]

10 minutes ago, shaktimaan said:

doesn't make sense...my emi is 3100/m for 550k loan with 2.75%

I was quoting him, did not validate. I checked them now - 

Online Mortgage calculator -

Price - $1.4M with 20% down,

Loan - $1.12M

Interest rate - 2.75%

Term - 30 yrs,

Monthly payment - $4,572.

Is your loan term 15yrs? Or did you include property taxes? Using same calculator it shows your EMI should be $2200.

[Konebhar6]

26 minutes ago, SaradaChinnodu said:

how bro? monthly payments doesnt make sense...is it the interest rate and high hoa that inflated the payment to 6000K?

Even before covid with low interest rates  payment for 1.2M has to be more than that kadha?

 

20 minutes ago, shaktimaan said:

doesn't make sense...my emi is 3100/m for 550k loan with 2.75%

 

[CaptainMaverick]

19 minutes ago, CanadianMalodu said:

Adhe magic. Surprising thing, people are happy to buy a mortgage with 5% down payment also. If they factor in property tax asalu emi profit untadhi anedhi kooda teliyadhu. But janalu, avanni anavasaram, YouTube lo house warming pettam aa, saree meedha necklace vesukunnama anedhi important. But Powell Tatha, katte kalchi MuDd1 meedha vaatha pette large unnadu.

California, Texas maree pedda rod...CA enthaina worst of all!! 

 

[CaptainMaverick]

1 hour ago, Konebhar6 said:

A friend bought a condo for $1.2Million in CA. HOA - $790 (Not kidding). He is doing some work on the home (Replace carpets with hardwood floors, paint cabinets, paint home - 30k). Looks like it needs HOA approval. 

Another friend bought a house for $1.4 Million during Covid. Low HOA. Has a loan of $1.2 Million.

Loan for $950K - Payment is $6000/month. Payment for $1.2 M - $4000/Month. 

HOA lo Chinese board members unte stars chupedatharani oka bhaditha colleague antunde....LOL!!!

[CanadianMalodu]

Just now, CaptainMaverick said:

California, Texas maree pedda rod...CA enthaina worst of all!! 

 

Texas I think has much higher property taxes. Cheap cost of living makes people move there and buy a mortgage and then they keep paying about 2.5% property tax. Eendho ee pichi. By the time these people say if they  hold the property for 10 years would have on average paid about $150,000 property taxes. Not sure if property equity gained will be more than that adjusted for depreciation, maintenance costs and interest paid.  If there is a correction, people are likely to loose their down payment equity.

[Spartan]

[CaptainMaverick]

1 minute ago, CanadianMalodu said:

Texas I think has much higher property taxes. Cheap cost of living makes people move there and buy a mortgage and then they keep paying about 2.5% property tax. Eendho ee pichi. By the time these people say if they  hold the property for 10 years would have on average paid about $150,000 property taxes. Not sure if property equity gained will be more than that adjusted for depreciation, maintenance costs and interest paid.  If there is a correction, people are likely to loose their down payment equity.

next 10 years lo job podu ani evarina guarantee gaa cheppagalthaara?!!

Ee house buying kuda Tesla car buying oke laaga unnayi!! Some idiots also "invested" in Tesla cars during Pandemic...LOL!!