Is it worth buying a home? Generally speaking.

[playboys]

3 minutes ago, sureshkonda said:

texas oka lathkor state vaya. motham paisal tho oka illu konte daniki 15k-16k property tax kattale every year. renting is cheaper than owning a home in texas. 

Why Desi people buying houses in TX any particular reason?

[hydusguy]

1 hour ago, veerigadu said:

typical 500k loan ki you will end paying 1.2 million over a period of 30 years. So I'm getting myself in debt with 1.2 mil if I sign a 500K loan today. 

After 30 years, adding repairs and depreciation costs. Lets say we pay it off.  Will it still stay valuable? Many people like myself wouldnt even bother buying a home constructed in 1990. Since its 30 year old and its outdated. 

 

On the other hand, 20 years varakuuuu mana payments lo major part interest kiii mingesthadhiii. first few years ayitheee 90% of our payment only goes to interest. 

At the 20th year it will be 50:50 ratio. 

Later years  like 20th to 30th lo neee mana principal ki money major part of our payment add ayithadhiiii. 

20 years ki manam foreclose chesina major part of principal inkaaa alage untadhiii.  karma kaliii manakiii emainaa ayitheee even at that point kudaaaa assameee....

 

Buying a home is not all that rosy. Only benefit is you wont waste money in paying rents per se. Oh may be some satisfaction of owning a place. 

good to have house when you have kids.. there will enjoy space n backyard.

but at this market not a good idea to buy.. as market is not stable

[KondapalliRaj]

1 hour ago, BeerBob123 said:

Depends ba

ma taatha says bhoomi meeda pettina dabbu ekkadakipodu ani 

 

ఇది రాసి పెట్టుకోండి, పడింటది

[Swatkat]

53 minutes ago, veerigadu said:

Naaa plans naaku unnayiiii.....But cheppanuuu brother. aaaa plans implement sesinakaa will tell. Okkodikiii mind mingaliiiii

Nuvvu happy ithey adhey chalu naku @anna_vendy ki

[Epic]

If you can afford it and have children, it is always preferable to have your own home (in India or US), especially a single family house. You can live a quality lifestyle and make good memories, do whatever you wish - gardening, backyard DIY, pool, basement, and so on.

[pakeer_saab]

1 hour ago, veerigadu said:

typical 500k loan ki you will end paying 1.2 million over a period of 30 years. So I'm getting myself in debt with 1.2 mil if I sign a 500K loan today. 

After 30 years, adding repairs and depreciation costs. Lets say we pay it off.  Will it still stay valuable? Many people like myself wouldnt even bother buying a home constructed in 1990. Since its 30 year old and its outdated. 

 

On the other hand, 20 years varakuuuu mana payments lo major part interest kiii mingesthadhiii. first few years ayitheee 90% of our payment only goes to interest. 

At the 20th year it will be 50:50 ratio. 

Later years  like 20th to 30th lo neee mana principal ki money major part of our payment add ayithadhiiii. 

20 years ki manam foreclose chesina major part of principal inkaaa alage untadhiii.  karma kaliii manakiii emainaa ayitheee even at that point kudaaaa assameee....

 

Buying a home is not all that rosy. Only benefit is you wont waste money in paying rents per se. Oh may be some satisfaction of owning a place. 

why jaab, why marriage, why kids... why even birth

there are some things need to be done as Man of the family, everything cannot be calculated the way you are doing

apartment vs home.. you get more sq footage per dollar even if you all aspects like taxes, interest etc

home if more apt for kids than parents, you will not find good schools in neighborhood with too many apartments, reason is those parents are wither in planning or plan suckers

[pakeer_saab]

31 minutes ago, playboys said:

Why Desi people buying houses in TX any particular reason?

coz its Texas

[Anta Assamey]

@veerigadu uncle inka prayatnistune unnada....

[veerigadu]

7 minutes ago, Anta Assamey said:

@veerigadu uncle inka prayatnistune unnada....

no bro....Right now I'm crying on home owners ani db decided. Adheee fix ayipo inkaaa

[KaipuRaja]

32 minutes ago, veerigadu said:

no bro....Right now I'm crying on home owners ani db decided. Adheee fix ayipo inkaaa

Your posts are like that bro.. Nu chepalanukunadi chepav so it good but padey padey adey chepte Edo personal agenda petukoni edustunatu undi

[Bapineedu]

2 hours ago, BeerBob123 said:

Depends ba

ma taatha says bhoomi meeda pettina dabbu ekkadakipodu ani 

 

Jagan and batch thagili unte telisedhi thaatha ki

[killerspin]

2 hours ago, veerigadu said:

typical 500k loan ki you will end paying 1.2 million over a period of 30 years. So I'm getting myself in debt with 1.2 mil if I sign a 500K loan today. 

After 30 years, adding repairs and depreciation costs. Lets say we pay it off.  Will it still stay valuable? Many people like myself wouldnt even bother buying a home constructed in 1990. Since its 30 year old and its outdated. 

 

On the other hand, 20 years varakuuuu mana payments lo major part interest kiii mingesthadhiii. first few years ayitheee 90% of our payment only goes to interest. 

At the 20th year it will be 50:50 ratio. 

Later years  like 20th to 30th lo neee mana principal ki money major part of our payment add ayithadhiiii. 

20 years ki manam foreclose chesina major part of principal inkaaa alage untadhiii.  karma kaliii manakiii emainaa ayitheee even at that point kudaaaa assameee....

 

Buying a home is not all that rosy. Only benefit is you wont waste money in paying rents per se. Oh may be some satisfaction of owning a place. 

I was in similar calculations but I was wrong. If you can afford for one then go ahead anta..depressing apartments ki 2600$ pettevadini in fremont. Now I got new beautiful house and just paying little over. Life is much happier with house. What is the point of having money in bank? Investments ki pedda dandam aa options and crypto lo entha aggressive ga invest chesina loudalo 100k kante ekkuva invest cheyyalemu and so much stressful life. Give me some investment idea if you have any better one? India lo ekkado 50kms far from highway lo edo land kone badulu america lo first oka illu kondam best I guess. 

[Vaampire]

Lets not count the existing crazy valuation for homes.

in general gaa

1)500k worth home today will be 1.5m worth in 30 years. Very conservative valuation.

2) 1.2m for loans. I dont know how u got that number. It should be around 800k-1m. House konakapothey rent ki undali gaa. 500k home rent ki undali antey currently 1.5k-2k pay cheyyali. 10 years tharuvatha may be 4-5k. So avi anni add chesthey easy gaa 1m + rent kaduthav. Which is same mortgages. But with buying home, u will have a home after 30 years which u dont with renting.

3) some part of property tax and interest can be used in deductions while tax filing.

[killerspin]

2 minutes ago, Vaampire said:

Lets not count the existing crazy valuation for homes.

in general gaa

1)500k worth home today will be 1.5m worth in 30 years. Very conservative valuation.

2) 1.2m for loans. I dont know how u got that number. It should be around 800k-1m. House konakapothey rent ki undali gaa. 500k home rent ki undali antey currently 1.5k-2k pay cheyyali. 10 years tharuvatha may be 4-5k. So avi anni add chesthey easy gaa 1m + rent kaduthav. Which is same mortgages. But with buying home, u will have a home after 30 years which u dont with renting.

3) some part of property tax and interest can be used in deductions while tax filing.

Very true indeed. Ee Veeri babu has to experience something before he conclude I guess. Neeku aa numbers ekkadi nundi vachayi. Initial few years lo you will ended up more towards interest but thats not as high as you projected. 

[SRH]

Ne Avva Intha alochinchalsina pane ledu.

mana status Lu job Lu epudu untayo peektayo telvadu. America la 30 years untamo Telidu. Teliyani Dani gurinchi alochinchaku brother. 
 

don’t get too much attached to physical things like house. If yours and family’s  situation demands a house go for it.