Home Owners Come Here

[Lukewalker]

35 minutes ago, Michaelbarbosa said:

I was just pointing out him saying that it rather easy. 

Since you enjoying that stuff but for others it’s aint easy ppl who would like to spend but cannot put effort makes a lot of difference. 

Nuv english bayata kuda itlane matladathava kaaka

[pandemkodi]

3 hours ago, Lukewalker said:

Bought a house 5 years ago. Sold it and pocketed $70k. 

Never felt owning is bad as I am handy enough. BTW it's a 60 year old house. Will rent for a while then will buy again when market is down. 

Don't buy now, housing prices are all time high. 

Make sure you have atleast few good companies in an hour commute. 

Buy in good school district. You might not need schools if you don't have kids but when you want to sell, it's relatively easy. 

Don't have to put 20% down. PMI is hardly $200 per month for a $400k loan. You can refinance in an year or two and get rid of it. You don't need to lock down 20% of your cash this way. 

Utilities will be a little more comparatively. But if you are thinking you might not afford few hundred more than renting, don't even think about buying. 

If you don't want to do regular maintenance like mowing, mulching, snow removal, minor repairs go for a condo or town home. 

Good luck!!!

Refinance chestey 1 year tarvata appativaraku Kattina interest mottam gone and also interest rates piki potayi kada current scenario lo

[perugu_vada]

naku telisi aithe below are pros n cons

cons: increase in interest rates, real-estate at its high, long-term commitment like 30yrs with insecurity about immigration, additional costs for furniture, monthly maintenance costs increase, property tax bracket change chesadu thaatha so cant expect much returns on interest we pay

pros: own house, spacious, u own the property after a while, appreciation of value

 

[Vaampire]

26 minutes ago, pandemkodi said:

Refinance chestey 1 year tarvata appativaraku Kattina interest mottam gone and also interest rates piki potayi kada current scenario lo

Interest gone kakapothey return vasthaya ekkadaina? Dint get ur point.

refinance valla benefits: house appreciate avuthey valla koncham money pull back cheyyochu. Appreciate avutha loan % thakkuva avuthundi kada, so konni sarlu interest rate thaggochu.

also 30years fixed nenu aithey prefer cheyyanu. I go with 5/1 arm

[Vaampire]

4 minutes ago, perugu_vada said:

naku telisi aithe below are pros n cons

cons: increase in interest rates, real-estate at its high, long-term commitment like 30yrs with insecurity about immigration, additional costs for furniture, monthly maintenance costs increase, property tax bracket change chesadu thaatha so cant expect much returns on interest we pay

pros: own house, spacious, u own the property after a while, appreciation of value

 

Long term commitment endi naaku ardham kaadhu. U r not marrying the home. Ur just buying it. Work out avvadu anukuntey ammi padadobochu gaa

[perugu_vada]

Just now, Vaampire said:

Long term commitment endi naaku ardham kaadhu. U r not marrying the home. Ur just buying it. Work out avvadu anukuntey ammi padadobochu gaa

Illu konna ventane ammalem ga uncle  dhani medha investments bane chestham, like furniture/parents travel ki tickets etc etc

i’ve seen many who are in panic state when they were to travel outside of usa, thinking visa radhemo incase india velthe ani  

ammatam antha simple kuda kadu kada, u loose some

[Vaampire]

6 minutes ago, perugu_vada said:

Illu konna ventane ammalem ga uncle  dhani medha investments bane chestham, like furniture/parents travel ki tickets etc etc

i’ve seen many who are in panic state when they were to travel outside of usa, thinking visa radhemo incase india velthe ani  

ammatam antha simple kuda kadu kada, u loose some

Bay area lo aithey loose ayye chance ledhu ippatlo.  Migitha areas lo koncham loose avochu. But it will definetely be less than the rent u pay for that many years..

i have seem many people who repent now for delaying it and ended up paying much more later. Anni areas lo ala untadhi ani kaadhu.

[ForEverJava]

10 minutes ago, Vaampire said:

Long term commitment endi naaku ardham kaadhu. U r not marrying the home. Ur just buying it. Work out avvadu anukuntey ammi padadobochu gaa

Ammatam anta easy undadu Basu..konetappudu 100 advantage but ammetodu gaddi tinali..I bought home in 2010 recent ga sold I did almost sold for bought price also got the rent for 7 years..got 79k in hand cheque from attorney it was quite useful invest mentioned but I went through a lot in these 7years

[Vaampire]

3 minutes ago, ForEverJava said:

Ammatam anta easy undadu Basu..konetappudu 100 advantage but ammetodu gaddi tinali..I bought home in 2010 recent ga sold I did almost sold for bought price also got the rent for 7 years..got 79k in hand cheque from attorney it was quite useful invest mentioned but I went through a lot in these 7years

Did u rent ur home?

depends on the location. I bought my home in 2013.  Price is close to double now. I live in bay area though. Few friends of mins bought homes in NC, oh, il and pretty much all these homes got appreciated by atleast 20%

[siritptpras]

Not a good idea to buy home at present..sellers time..sit tight for at least 1 yr..mean time do research..wait until next recession it's already due..whatever pros prices are all-time high now..people who bought end 2009, 2010 made good equity of it now..when recession u get lot east facing homes cheap..this time not easy to sustain job loss in recession and get a new one in H1b..

[Quickgun_murugan]

On 7/7/2018 at 10:29 AM, Vaampire said:

Since u bought up the topic of finances. Mortgage ki kattey interest antha non taxable. So u get back some money in tax returns.

i can talk about bay area. House price appreciates a lot. Folks who bought houses last year are enjoying 10-15% increase in house prices. 2012-13 lo konnavallu 75-125% increase

yeah bay area lo chala mandi almost made 100k on townhomes and condos.. inka single family houses ayithey cheppakkarledu

[yankees]

On 7/6/2018 at 10:29 PM, Bambam_Bholey said:

It depends on your visa, Technology, FT/Contract, local job market etc...

Buying home on H1B was OK but tatha roju ko racha chesthoo penta penta chesthundatam tho chala mandi backed off recently. If you have plans to stay in your new home for 3-4 years should be fine, equity build avuthundhi tarvatha india vellipovalsivachina kooda, you will make something out of it!!

100% AGREE on this....

[Quickgun_murugan]

On 7/7/2018 at 2:59 PM, Lukewalker said:

Bought a house 5 years ago. Sold it and pocketed $70k. 

Never felt owning is bad as I am handy enough. BTW it's a 60 year old house. Will rent for a while then will buy again when market is down. 

Don't buy now, housing prices are all time high. 

Make sure you have atleast few good companies in an hour commute. 

Buy in good school district. You might not need schools if you don't have kids but when you want to sell, it's relatively easy. 

Don't have to put 20% down. PMI is hardly $200 per month for a $400k loan. You can refinance in an year or two and get rid of it. You don't need to lock down 20% of your cash this way. 

Utilities will be a little more comparatively. But if you are thinking you might not afford few hundred more than renting, don't even think about buying. 

If you don't want to do regular maintenance like mowing, mulching, snow removal, minor repairs go for a condo or town home. 

Good luck!!!

GP