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All I require is peace and quiet and to be left alone.
Sold before moving to LA. Despite having the money, not planning to purchase unless the bubble pops... rather make the money work and buy a 5x bigger house somewhere else for 1/10th the price.
All I require is peace and quiet and to be left alone.
Bend over. I'll get to makin' sure that in' bubble pops.
property in LA is egregious tbh
My parents rented 30+ years. They did keep the place nice and do basic maintenance like painting and stuff for all those years. So the guy that owned the place only raised the rent just enough to keep pace with property tax. I remember just before he died in 2010 my dad was ing that the landlord had raised the rent $15 dollars a month to $425
Even before equity you're not losing your entire payment. You're getting closer to equity. If you bought a home 2 years ago for 300 today it's likely worth 500. that means you could sell it and still have a profit ergo equity. It doesn't matter how good the housing market is if you're renting.
tight pussy, loose shoes, and a warm place to .
Californians moving to Austin are getting raped.
Friend had a house on the market in 2019 for 700K. Sat there for months with just a few tire kickers coming by. He takes if off the market. FFWD a few months and a Cali couple offers him 1m cash no questions. He loaded up the truck and moved to Wimberly.
true. but thats also a function of time. the small amount of increased home value would have to offset the closing costs (and cost of upkeep). that becomes more demonstrable with time though.
market in some parts of CA have been bonkers. there were news articles of people offering nearly twice asking price with cash, or one guy offered to buy cash at asking price but also agreed to buy the sellers' next house for them
Friend had a house on the market in 2019 for 700K. Sat there for months with just a few tire kickers coming by. He takes if off the market. FFWD a few months and a Cali couple offers him 1m cash no questions. He loaded up the truck and moved to Wimberly.
hEy eRRyBoDy iM bUyInG a hOuSe iN a sKi towN noThInG fAnCy jUsT $600 pEr sQfT dOnt hATe mE 4 iT
The ducks does
Depends on what part of California we're talking about here... huge difference from San Francisco or Los Angeles vs Apple Valley...
Also depends if they made a load selling their Cali home. Couple down the road from me retired here after selling their SF home, to them these are dirt cheap prices.
2 outta 3 ain't bad.
You guys in TX have it really bad with property taxes which are forever (vs eventually paying off for house). If one wasn't married with kids, I'd probably go the rental route instead of trying to buy into that INSANE housing market.
Florida has a 3% yearly increase cap in assessed value - but the homeowner's insurance is high (hurricane risk) - supervisor was complaining yesterday about $10k insurance. I take high deductible (12k) on mine which reduces premium.
Lots of people forego homeowner's insurance when they pay off their homes - install impact windows (it's almost like you can't get regular glass anymore) and or hurricane/accordian shutters and take a chance. I'll be going without when my mortgage is paid off in 3 years' time - figure what's the chance of a hurricane hitting the same spot as Hurricane Andrew?
That's right and just the cost of living in general is so much cheaper in Austin. Your run of the mill fast food cost like 30-40% more in SF sometimes.
It kind of balances out. I pay about $40,000 a year in property taxes between personal and business but with no state income tax (say 10%) it pretty much works out to be the same.
Florida does not have state income tax either
I don't know.. did he have pointy elbows? I think I could get better offers.market in some parts of CA have been bonkers. there were news articles of people offering nearly twice asking price with cash, or one guy offered to buy cash at asking price but also agreed to buy the sellers' next house for them
Chance is pretty good since that area is in the bowling lane of hurricanes.
I inherited my house when my pops passed. It's modest a 4br 2.5 bath cookie cutter development. Probably worth more if I sold it now, but this has been in our family's name since the early 80's. Lots of sentimental value to myself and my siblings.
Not really - it would have to be category 5 and direct hit. After Hurricane Andrew, they changed a lot of the codes - now, even 2nd floors have to be concrete (exterior). I'd be more worried about flooding which I can't do anything about vs windows/garage doors which are hurricane rated. Some do impact glass and keep their shutters (double protection).
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