housing market

[Karigipoyekalam]

 

is this asset or liability now?

[praying]

2 minutes ago, Karigipoyekalam said:

 

is this asset or liability now?

Buying a home and closing in 2 weeks 7% undi uncle apr

[Thokkalee]

7 minutes ago, praying said:

Buying a home and closing in 2 weeks 7% undi uncle apr

Praying for you 🙏 

[praying]

12 minutes ago, Thokkalee said:

Praying for you 🙏 

enti uncle antha mata annav....

[AryaD]

25 minutes ago, Karigipoyekalam said:

 

is this asset or liability now?

It depends on your financial situation man. Interest rates will not go down until foreseeable future . How stable is your job and how much you can save by avoiding renting etc 

[sai1685]

It depends .... if it for rental purposes then it is asset (like multifamilly or investment property), If it moving from one primary to another primary within your financial limits then I consider this as asset. But, buying a $1M home in the hyped area then it is a liability imo

[Ravi860]

if Fed pivots everything will change rapidly.. especially housing market imo 

[no01]

Just now, sai1685 said:

It depends .... if it for rental purposes then it is asset (like multifamilly or investment property), If it moving from one primary to another primary within your financial limits then I consider this as asset. But, buying a $1M home in the hyped area then it is a liability imo

do you think with 7% interest + relatively still high prices in key areas, is it still good option to buy townhouses and then rent it out? 

[Ravi860]

4 minutes ago, no01 said:

do you think with 7% interest + relatively still high prices in key areas, is it still good option to buy townhouses and then rent it out? 

Investment properties are big big risk in this market 

[FrustratedVuncle]

44 minutes ago, praying said:

Buying a home and closing in 2 weeks 7% undi uncle apr

Home price entha baa

[FrustratedVuncle]

48 minutes ago, Karigipoyekalam said:

 

is this asset or liability now?

Asset is something that puts money in your pocket.

Liability is something that takes money out of your pocket. 

- Robert T. Kiyosaki

[Thokkalee]

33 minutes ago, praying said:

enti uncle antha mata annav....

Just kidding vuncle… 7% rate ee market lo ante ekkuva kadaa.. it all depends on your financial situation… i am sure you are comfortable with it.. 

[BMDablu]

only @Sonu_Patel can answer this question right

[manchulomajjiga]

14 minutes ago, FrustratedVuncle said:

Asset is something that puts money in your pocket.

Liability is something that takes money out of your pocket. 

- Robert T. Kiyosaki

A formula prakaram staying in an  apartment next 3-5 years will cost you less than buying a hyped home with higher interest(which you will nt get back) and now the higher risk of less appreciation for a home from here on ! The least path of resistance for home prices from here is down ! NOT UP 

[perugu_vada]

45 minutes ago, AryaD said:

It depends on your financial situation man. Interest rates will not go down until foreseeable future . How stable is your job and how much you can save by avoiding renting etc 

Interest ki pay chesey amount .. rental amount same autunay or even more .. considering the amount one is paying towards mortgage .. add property tax too to that