Loan Interest rates

[mirchi_bajji]

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.

[pandu123b]

if you are buying in Texas,

your property tax is almost your rent, so you are not actually saving anything.

[JackSeal]

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

[bandababu]

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

[pandu123b]

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 🤣😂😀

[Vaampire]

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

[ForEverJava]

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 

[KothaKurrodu]

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

[pandu123b]

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.

[pandu123b]

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 .

[sureshkonda]

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.

[Deadp0ol2]

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.

[thanks]

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

[Vaampire]

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

[SwamyRaRa]

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