Demand for rental apartments in and near cities across America is soaring, as more millennials believe it's cheaper than owning a home.

[Amrita]

7 minutes ago, tacobell fan said:

I can argue that you can save more money by not owing a house. You can invest in a business or commercial property if it's matter of appreciation of money. By pushing your self to pay $1000 just to own a house won't end anytime soon until you pay off, if its the risk you wanted to take then invest on something much bigger than just a house. 

US lo commercial property ante ela invest cheyali? Idea leka asking. Genuine question. 

[Spartan]

If I dont buy house in another 5 years...

I might drop plan of buying one....for rest of the life.

endukante..i dont want to still work to pay my mortgage when I am 70

appreciation etc avanni pakkana pettandi.. time bad aite... illu ni loss lo foreclosure kuda cheyalsi vastadi konni sarlu.

[tacobell fan]

4 minutes ago, Amrita said:

US lo commercial property ante ela invest cheyali? Idea leka asking. Genuine question. 

Strip malls we can buy but obviously it's not easy with standard day job, so pool of people kalisi $3M property ki some % down chesi they can get a joint loan and able to do it. When you have like minded people and strong passion it will enable bright future. But it requires lot of guts to place such bets and trust the will which I think most people lack and it's not easy.

[tacobell fan]

1 minute ago, Spartan said:

appreciation etc avanni pakkana pettandi.. time bad aite... illu ni loss lo foreclosure kuda cheyalsi vastadi konni sarlu.

Yes, lot of risk depending on Market and economy and it is not guaranteed that whatever appreciated will be worth it at the end.  House Maintenance, repairs all this crap cost more stress and money. 

[Amrita]

1 minute ago, tacobell fan said:

Strip malls we can buy but obviously it's not easy with standard day job, so pool of people kalisi $3M property ki some % down chesi they can get a join loan and able to do it. When you have like minded people and strong passion it will enable bright future. But it requires lot of guts to place such bets and trust the will which I think most people lack and it's not easy.

3 M $ ah ? Huge loan. Thanks for the info. 

[tacobell fan]

Just now, Amrita said:

3 M $ ah ? Huge loan. Thanks for the info. 

When you form a business entity they will give loan easily. But we have to work towards it. Just like Car insurance, when you first get a DL and own a car we pay premium but it will come down once they trust you. Same applies. 

[Amrita]

1 minute ago, tacobell fan said:

When you form a business entity they will give loan easily. But we have to work towards it. Just like Car insurance, when you first get a DL and own a car we pay premium but it will come down once they trust you. Same applies. 

I see .  Edantha work avvadam kashtame in reality. Anta trust worthy friends unali mundu leda anta huge amount single ga invest chese capacity undali. Rondu undav just jeetam mida batikey vallaki. 

[tacobell fan]

Just now, Amrita said:

I see .  Edantha work avvadam kashtame in reality. Anta trust worthy friends unali mundu. 

[Spartan]

1 minute ago, tacobell fan said:

Yes, lot of risk depending on Market and economy and it is not guaranteed that whatever appreciated will be worth it at the end.  House Maintenance, repairs all this crap cost more stress and money. 

ma circle lo okatanu illu konnadu.. 725K ki...(5 bedroom house..not condo...) market rising lo unnapudu..2014 anukunta.

Now it is worth 1.2M easy ga vastadi...

but did he sell it...No..

Over the period of time he put into home --> 60K for Solar, 25K for Flooring, 15K for central heating/cooling..etc..

he had disposable income from Indian real estate kabatti petta galigadu..

how many of u can sell properties back in India, get that money here now and do that...?

times of changed, and uncertainty of status is big question....

[Amrita]

Just now, tacobell fan said:

Munche vallu easy ga dorukutaru paisal panche vallu hard to find no? 

[karthikn]

Just now, Spartan said:

ma circle lo okatanu illu konnadu.. 725K ki...(5 bedroom house..not condo...) market rising lo unnapudu..2014 anukunta.

Now it is worth 1.2M easy ga vastadi...

but did he sell it...No..

Over the period of time he put into home --> 60K for Solar, 25K for Flooring, 15K for central heating/cooling..etc..

he had disposable income from Indian real estate kabatti petta galigadu..

how many of u can sell properties back in India, get that money here now and do that...?

times of changed, and uncertainty of status is big question....

uncle you bought house aa in bay area ..ippudappude lite aa

[Spartan]

10 minutes ago, Spartan said:

If I dont buy house in another 5 years...

I might drop plan of buying one....for rest of the life.

endukante..i dont want to still work to pay my mortgage when I am 70

appreciation etc avanni pakkana pettandi.. time bad aite... illu ni loss lo foreclosure kuda cheyalsi vastadi konni sarlu.

 

2 minutes ago, karthikn said:

uncle you bought house aa in bay area ..ippudappude lite aa

 

[karthikn]

Just now, Spartan said:

 

 

got it

[Spartan]

4 minutes ago, Amrita said:

Munche vallu easy ga dorukutaru paisal panche vallu hard to find no? 

enduku Panchali.

[tacobell fan]

9 minutes ago, Spartan said:

ma circle lo okatanu illu konnadu.. 725K ki...(5 bedroom house..not condo...) market rising lo unnapudu..2014 anukunta.

Now it is worth 1.2M easy ga vastadi...

but did he sell it...No..

Over the period of time he put into home --> 60K for Solar, 25K for Flooring, 15K for central heating/cooling..etc..

he had disposable income from Indian real estate kabatti petta galigadu..

how many of u can sell properties back in India, get that money here now and do that...?

times of changed, and uncertainty of status is big question....

$750k house  -- Closing Cost

 Monthly  Estimate  - $3725 ($2709 Principal + Interest)

Property Tax 1.5% --  $11,500/year

Home Insurance - $260/month

HOA - varies

At the end of 30 years he pay a grand total of  $1.25M  -- Principal $570k - Interest $405k

 

DOWNPAYMENT - $190k  (in order to get above numbers)