Renting vs buying home in Amrica

[capitalist]

3 hours ago, Sonu_Patel said:

Been paying rent for 3 bed townhome from 2019 till today... started rent with Paying $2500 per month.. Now paying $2800 per month..

calculate chestey easy ga 4 years ki $120K pay chesa.. 

I am realizing to buy a home now ? please correct me if i am missing anything.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbGx0aGVjcmVkaXQubGlic3luLmNvbS9yc3M/episode/ZTkwZmEwMjctNzE2NS00MzllLWFhNzEtZDk3ZTljY2Y0NDc1?ep=14

[Ravi860]

1 hour ago, TriStateBabu said:

anna, why the f did you not purchase a home when the interest rates were low in the beginning and mid of last year is beyond me. So you need do heavy research now and buy a home where you can offset with huge down payment so that the current interest rates do not matter. Db pandits and reventure consulting lanti youtube pandits ni follow chesi you’ve wasted so much time. 

Past is past bro. It’s gone. Don’t think we will ever see those rates in future. Moving forward just don’t wait for rates to come down by much.. max 5% but prices will come down oka 5-10% Ala ani expecting. 

[Sonu_Patel]

15 hours ago, TriStateBabu said:

anna, why the f did you not purchase a home when the interest rates were low in the beginning and mid of last year is beyond me. So you need do heavy research now and buy a home where you can offset with huge down payment so that the current interest rates do not matter. Db pandits and reventure consulting lanti youtube pandits ni follow chesi you’ve wasted so much time. 

Mistake chesa 2021 lo.. I would had made a move.

[futureofandhra]

39 minutes ago, Sonu_Patel said:

Mistake chesa 2021 lo.. I would had made a move.

You didn't do any mistake

If you own house you will loose mobility

Depends on individual job 

 

[Sonu_Patel]

On 1/25/2023 at 9:24 AM, futureofandhra said:

You didn't do any mistake

If you own house you will loose mobility

Depends on individual job 

 

yes, planning to move dallas puram this year

[AreyOSamba]

On 1/24/2023 at 2:17 PM, Sonu_Patel said:

Been paying rent for 3 bed townhome from 2019 till today... started rent with Paying $2500 per month.. Now paying $2800 per month..

calculate chestey easy ga 4 years ki $120K pay chesa.. 

I am realizing to buy a home now ? please correct me if i am missing anything.

Get a home that is easily rentable in any market (Good School Dist, Near by School, Not more than 2500 SFT, or that yields good rent vs mortgage). Stay in it until the market goes down a little then you can either rent it or flip it to buy a bigger house. Plus, worst case you can take a loan against the equity and invest it elsewhere.

[AreyOSamba]

On 1/24/2023 at 3:08 PM, pandu123b said:

aa 20k , manam after tax money tho pay cheyali anna.

example, 100 k salary lo after taxes 70k vaste andulo 20k(30 k in gross salary) anna

anduke texas affordability lo property taxes miss cheste chala kastam avtadi.

this Big point was missed by most people moved frok bay area & seattle and paid extra money like ~1 M and now realized that texas is also costly anna 😀

People from CA and other taxable states, with their big salaries they would end up paying more than 10K in just State Income Tax (That is a saving in TX). Plus they get 1/3 the size of a house in costal cities for which they end up paying 15-20K property tax. 

Now you tell me if TX is not a win for these people!

Also the higher your salaries go the better you feel as you are escaping the State income tax

[Sonu_Patel]

44 minutes ago, AreyOSamba said:

People from CA and other taxable states, with their big salaries they would end up paying more than 10K in just State Income Tax (That is a saving in TX). Plus they get 1/3 the size of a house in costal cities for which they end up paying 15-20K property tax. 

Now you tell me if TX is not a win for these people!

Also the higher your salaries go the better you feel as you are escaping the State income tax

frend bought home last year from california bidding 100k over the list price for 900k in dallas puram. Now the manager is asking him to return to aapice as policy is changed.

[capitalist]

1 hour ago, AreyOSamba said:

People from CA and other taxable states, with their big salaries they would end up paying more than 10K in just State Income Tax (That is a saving in TX). Plus they get 1/3 the size of a house in costal cities for which they end up paying 15-20K property tax. 

Now you tell me if TX is not a win for these people!

Also the higher your salaries go the better you feel as you are escaping the State income tax

Top dollar chesae vallaki ippatikae Chala mandiki ardam ayindi TX, NC, VA, ATL ala vachaka that they hit a snag and inka upside ekkuva ledu akkada untae ani.

 

I personally know few people who felt the same moving to VA during Covid WFH trend.

 

Aa areas lo teams anta top dollar paying or not super edgy teams em undav usually. Ippatiki top dollar jobs CA, NYC and Seattle lone unnai. TX was and is mostly backend work to the same level as HYD.

[AreyOSamba]

1 hour ago, capitalist said:

Top dollar chesae vallaki ippatikae Chala mandiki ardam ayindi TX, NC, VA, ATL ala vachaka that they hit a snag and inka upside ekkuva ledu akkada untae ani.

 

I personally know few people who felt the same moving to VA during Covid WFH trend.

 

Aa areas lo teams anta top dollar paying or not super edgy teams em undav usually. Ippatiki top dollar jobs CA, NYC and Seattle lone unnai. TX was and is mostly backend work to the same level as HYD.

Again, It all depends on what company / sector/ role you are working ani. 
I know a bunch who moved because of their company situation and turns out to be good for them in Austin.

[AreyOSamba]

2 hours ago, Sonu_Patel said:

frend bought home last year from california bidding 100k over the list price for 900k in dallas puram. Now the manager is asking him to return to aapice as policy is changed.

Arrey, what it has to do with what I wrote above ra. Intha pichodiventi ra. 

Mee friend gaadu oral agreements tho state change aiyi vuntaadu, Adhi vaadi pichitanam. Companies who wrote remote agreements with employee don't do this since they are saving money by sending them to low cost cities thus adjusting salaries accordingly. Adey job takkuva salary ki chestunnadu. 

[AreyOSamba]

On 1/24/2023 at 3:44 PM, Sonu_Patel said:

waiting chestunna bro.. but prices peddaga padatam ledu

Retire aiyee daaka wait cheyi. Appudu padathai, konnukovachu. 
 

[Sonu_Patel]

1 hour ago, AreyOSamba said:

Arrey, what it has to do with what I wrote above ra. Intha pichodiventi ra. 

Mee friend gaadu oral agreements tho state change aiyi vuntaadu, Adhi vaadi pichitanam. Companies who wrote remote agreements with employee don't do this since they are saving money by sending them to low cost cities thus adjusting salaries accordingly. Adey job takkuva salary ki chestunnadu. 

tension padtunna batch kuda unnaru antuna @perugu_vada

[AreyOSamba]

4 minutes ago, Sonu_Patel said:

tension padtunna batch kuda unnaru antuna @perugu_vada

Tension deeniki.

[Sonu_Patel]

1 minute ago, AreyOSamba said:

Tension deeniki.

return to california for aapice