mirchi_bajji Posted April 11, 2022 Report Share Posted April 11, 2022 2 minutes ago, pandu123b said: Lot of people are in this tough situation who signed last year with ~2% in rates and waiting to close with ~6% rates this year , monthly emi will be more than double than you have planned. how much earnest money you might loose if you back out? even property tax is like 2000 per month for many. Quote Link to comment Share on other sites More sharing options...
pandu123b Posted April 11, 2022 Report Share Posted April 11, 2022 if you are buying in Texas, your property tax is almost your rent, so you are not actually saving anything. Quote Link to comment Share on other sites More sharing options...
JackSeal Posted April 11, 2022 Report Share Posted April 11, 2022 6 minutes ago, pandu123b said: if you are buying in Texas, your property tax is almost your rent, so you are not actually saving anything. But if you rent you cannot invite your friends and relatives for house warming and show off your home 1 Quote Link to comment Share on other sites More sharing options...
bandababu Posted April 11, 2022 Report Share Posted April 11, 2022 8 minutes ago, pandu123b said: if you are buying in Texas, your property tax is almost your rent, so you are not actually saving anything. correct. arkansas,alabama lo property taxes cheap undi. 450k house ki just 3000 dollars per year anthe Quote Link to comment Share on other sites More sharing options...
pandu123b Posted April 11, 2022 Report Share Posted April 11, 2022 Just now, JackSeal said: But if you rent you cannot invite your friends and relatives for house warming and show off your home and a you tube video with dront shot and bgm songs 🤣😂😀 Quote Link to comment Share on other sites More sharing options...
Popular Post Vaampire Posted April 11, 2022 Popular Post Report Share Posted April 11, 2022 Currently this country is in financial mess. Intetest rates may go higher & higher. Ee musalodu malli printing press on chesina chesthadu. Just be careful bro. not to scare u but if housing market collapses, it will take more than 5-10 yrs for u to break even 3 Quote Link to comment Share on other sites More sharing options...
ForEverJava Posted April 11, 2022 Report Share Posted April 11, 2022 1 hour ago, pandu123b said: if you are buying in Texas, your property tax is almost your rent, so you are not actually saving anything. What about equity u are building..rent is money in drain..with no equity or tax saving on interest 1 Quote Link to comment Share on other sites More sharing options...
KothaKurrodu Posted April 11, 2022 Report Share Posted April 11, 2022 Last year close chesina vallu lucky i say. Ee year antha biscuit. Ipudu sign chese vallaki inka bokka. High rates with high interest rate. But no option for us… Peer pressure 2 Quote Link to comment Share on other sites More sharing options...
pandu123b Posted April 12, 2022 Report Share Posted April 12, 2022 55 minutes ago, ForEverJava said: What about equity u are building..rent is money in drain..with no equity or tax saving on interest same is the case with property taxes, right? thats not anything just handing it over to government. The logic of instead of renting, buy home stopped working 3 years back. Most of the places are like this with increased house prices. Specifically Here in Texas, its Pay Rent (TAX)and Pay EMI. Just put numbers on paper and see if you still feel the same. 1 Quote Link to comment Share on other sites More sharing options...
pandu123b Posted April 12, 2022 Report Share Posted April 12, 2022 35 minutes ago, KothaKurrodu said: Last year close chesina vallu lucky i say. Ee year antha biscuit. Ipudu sign chese vallaki inka bokka. High rates with high interest rate. But no option for us… Peer pressure people paid thousands of earnest money 💰 💰 not thinking of this scenario and out of peer pressure. They are now losing in either way . Quote Link to comment Share on other sites More sharing options...
sureshkonda Posted April 12, 2022 Report Share Posted April 12, 2022 3 minutes ago, pandu123b said: people paid thousands of earnest money 💰 💰 not thinking of this scenario and out of peer pressure. They are now losing in either way . people who are upgrading their homes to newer ones won't have any problems. They will be bringing loads of cash at the time of closing. Quote Link to comment Share on other sites More sharing options...
Deadp0ol2 Posted April 12, 2022 Report Share Posted April 12, 2022 1 hour ago, ForEverJava said: What about equity u are building..rent is money in drain..with no equity or tax saving on interest That equity you build in a year should be more than what you pay over a year interms of hoa fee, your interest premiums and property taxes lekapothe illu konna bokke rent is the cheaper option. Quote Link to comment Share on other sites More sharing options...
thanks Posted April 12, 2022 Report Share Posted April 12, 2022 2 hours ago, Vaampire said: Currently this country is in financial mess. Intetest rates may go higher & higher. Ee musalodu malli printing press on chesina chesthadu. Just be careful bro. not to scare u but if housing market collapses, it will take more than 5-10 yrs for u to break even Did you buy after selling? If not, when do think it's good time to buy. What are your plans Quote Link to comment Share on other sites More sharing options...
Vaampire Posted April 12, 2022 Report Share Posted April 12, 2022 14 minutes ago, thanks said: Did you buy after selling? If not, when do think it's good time to buy. What are your plans Dint buy. Actually i sold too early. Inko 6 months wait cheyyalsindi. will wait for things to cool off. Dont know when it will. Buying at current prices doesnt make sense to me Quote Link to comment Share on other sites More sharing options...
SwamyRaRa Posted April 12, 2022 Report Share Posted April 12, 2022 2 hours ago, Vaampire said: Currently this country is in financial mess. Intetest rates may go higher & higher. Ee musalodu malli printing press on chesina chesthadu. Just be careful bro. not to scare u but if housing market collapses, it will take more than 5-10 yrs for u to break even Current situation lo dabbulu hold Chesi vunchukovala? How to handle the situation Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.