6mil Americans are behind on their mortgage

[human1234]

6mil Americans are behind on their mortgage

 

https://www.reddit.com/r/economicCollapse/s/M3Foiqmc7H

[megadheera]

Picha lite.. our tejams will buy those houses with Cash. @Sonu_Patel uncle roaming in Atlanta with 2 bags of cash

[RPGPulka]

2 hours ago, megadheera said:

Picha lite.. our tejams will buy those houses with Cash. @Sonu_Patel uncle roaming in Atlanta with 2 bags of cash

desi district atlanta close

@Sonu_Patel paristhdhi 

 

[Xtian_Teddy]

@ErraBook_monagadu what about Tracy

[ErraBook_monagadu]

Tracy tejams purchased 1.2M with 1M mortgages, duped by brokers that they can refi at lower rates in 6 months. Its 3 years now, interest rates still going up. The house value falling to 800k.

800k house value with 1M mortgage, at 6.5% interest rate, most of them arm loans.

 

[Xtian_Teddy]

1 minute ago, ErraBook_monagadu said:

Tracy tejams purchased 1.2M with 1M mortgages, duped by brokers that they can refi at lower rates in 6 months. Its 3 years now, interest rates still going up. The house value falling to 800k.

800k house value with 1M mortgage, at 6.5% interest rate, most of them arm loans.

 

in law unit unna houses emaina unnaya bro 800K ki?

[ErraBook_monagadu]

Other tejam commented another thread that as long as you live 8 years or longer in the same house it’s not going to matter ani. 
 

Common sense lekapovatam valla ee thinking. You pay total $3m on that house in the end it depreciates to 500k value in that market. villaki visa lu ela istunaro emo, appudapudu maga is correct anipistundi, desis are inherently low iq and fit only for servitude.

[Xtian_Teddy]

Just now, ErraBook_monagadu said:

Other tejam commented another thread that as long as you live 8 years or longer in the same house it’s not going to matter ani. 
 

Common sense lekapovatam valla ee thinking. You pay total $3m on that house in the end it depreciates to 500k value in that market. villaki visa lu ela istunaro emo, appudapudu maga is correct anipistundi, desis are inherently low iq and only fit for a servitude.

Hi Anna how about  River Islands?

[Variety_Pullayya]

mortgage lekapoina kashtam gane undi.....property taxes kattalante without job it is difficult to manage

[har_D_ick]

30 minutes ago, ErraBook_monagadu said:

Other tejam commented another thread that as long as you live 8 years or longer in the same house it’s not going to matter ani. 
 

Common sense lekapovatam valla ee thinking. You pay total $3m on that house in the end it depreciates to 500k value in that market. villaki visa lu ela istunaro emo, appudapudu maga is correct anipistundi, desis are inherently low iq and fit only for servitude.

Lol.. i seriously doubt you ever bought a home here . Like I said you buy what you think you can handle.. For primary residence as long as you can pay mortgage comfortably and you like where you stay it doesn't matter . In long term it will go up, Barring any 2008 kind of housing crisis which I don't think will happen . 

I own a home and yes I am actively looking for a new home and 10 % correction for me doesn't matter as long as I like the home 

[pandugadu999]

10 minutes ago, har_D_ick said:

Lol.. i seriously doubt you ever bought a home here . Like I said you buy what you think you can handle.. For primary residence as long as you can pay mortgage comfortably and you like where you stay it doesn't matter . In long term it will go up, Barring any 2008 kind of housing crisis which I don't think will happen . 

I own a home and yes I am actively looking for a new home and 10 % correction for me doesn't matter as long as I like the home 

aa uncle cheppedi aayana gurinche..he is one of those who bought 1 mil house in tracy hills..rates taggutunnay ane frustration lo ikkada post estunnad daily…uncle ni evarina odarchandi va..

[har_D_ick]

58 minutes ago, pandugadu999 said:

aa uncle cheppedi aayana gurinche..he is one of those who bought 1 mil house in tracy hills..rates taggutunnay ane frustration lo ikkada post estunnad daily…uncle ni evarina odarchandi va..

hahah.. that calculation of 1 million home after 10 years depreciates to  500 K anta.. seriously I wonder how do these clowns exist and live life .  ( he comfortably avoided my comment on prime areas  )

at the end of the day you can surely increase your appreciation of home by buying low , but it is tough to time the market. You buy what you are comfortable with and get over it 

[aratipandu]

1 hour ago, pandugadu999 said:

aa uncle cheppedi aayana gurinche..he is one of those who bought 1 mil house in tracy hills..rates taggutunnay ane frustration lo ikkada post estunnad daily…uncle ni evarina odarchandi va..

@Sonu_Patel anna will odarchify all real estate baadhitulu...he's planning america wide paada yatra this summer

[ErraBook_monagadu]

Ela chepali, in 2022 this house listed $1.4M, tejam bought $1.5M.

try to sell now you will realize. Or wait couple of years and check it’s value, 

 

https://www.zillow.com/homedetails/3074-Sanderson-Ave-Tracy-CA-95377/300278055_zpid/

[har_D_ick]

dude u are so fond of tracy .. i dont know how to make u understand.. Can you please show me a trend in Naperville or Schaumburg or frisco area where the prices reduced from what was bought 5 years ago and also just because ur neighbor listed a home for less than urs its doesn't mean anything unless u are selling now . So again as long as it is primary residence and u know u have to stay for long term please dont bother.. Max correction is 10-15% and its nothing in grand scheme and tenure

To give u another analogy, u buy wrong stocks and start saying stock market is collapsing.. U will never go wrong on blue chips or atleast less probability . As long as u are ok to hold it , you will be fine in long term..