Can I really afford a $250k house?

[pontifex]

Not my fault you write like a 4th grader with downs.



The surest sign that someone doesn't know what the fuck they are talking about is when they try to rephrase a point that's been driven in to death, and do it in a half-retarded manner. This is exactly what you did.



QUICK! THEY ARE ON TO YOU! DEFLECT, DEFLECT!

Add something insightful or original to this thread or GTFO, dumbfuck.

your username fits perfectly

 

[GotIssues]

your username fits perfectly

Keep deflecting, maybe it'll draw attention away from the fact that you are dumb as shit.

I'd expect no less from someone with a screenname that revolves around religion.

No personal attacks. See PM. -Admin DrPizza

 

[vi edit]

You two kiss and make up, or GTFO out of the thread.

 

[pontifex]

nvm

 

[TheNinja]

People saying 25% of your net income don't live in California. Your lucky to get away with using 50% of net income if you want to live in a decent area that isn't overrun by crappy neighbors and that you don't have to commute 60 miles a day to.

 

[Mr. Lennon]

People saying 25% of your net income don't live in California. Your lucky to get away with using 50% of net income if you want to live in a decent area that isn't overrun by crappy neighbors and that you don't have to commute 60 miles a day to.

This.

 

[jhu]

People saying 25% of your net income don't live in California. Your lucky to get away with using 50% of net income if you want to live in a decent area that isn't overrun by crappy neighbors and that you don't have to commute 60 miles a day to.

Depends on which part of California.

 

[alkemyst]

Sadly even outside of Cali many people are getting hit with longer commutes. I usually work remotely, but my office is 31miles from my home.

My old job was only 3.5 miles away from my home...you win some and lose some.

 

[CrazyAznDriver]

What possible advantages would buying a $500k house with 0 down give you that would bring you to do that? It seems like that's a bigger risk than it's worth.

We wanted it now, instead of saving up for a year or two. :whiste:

 

[vi edit]

Sadly even outside of Cali many people are getting hit with longer commutes. I usually work remotely, but my office is 31miles from my home.

My old job was only 3.5 miles away from my home...you win some and lose some.

Urban sprawl is still a factor in many midsized or larger cities not on the coast. In Omaha I had a 22 mile commute that was entirely still within the city (although not Omaha proper). Thankfully I could do that run in under 30 minutes due to most of it being on 2 lane or interstate roads.

There are many others that have grown without the infrastructure to support the traffic moving too and from the bedroom communities that were built in the building boom of the late 90's early/mid 2000's.

 

[GotIssues]

We wanted it now, instead of saving up for a year or two. :whiste:

Ok. I was just wondering if there was just some wacky rule regarding jumbo loans that I didn't know about. PMI on that must be brutal. I just can't stomach having to pay PMI, such a waste...

Urban sprawl is still a factor in many midsized or larger cities not on the coast. In Omaha I had a 22 mile commute that was entirely still within the city (although not Omaha proper). Thankfully I could do that run in under 30 minutes due to most of it being on 2 lane or interstate roads.

Omaha also doesn't have quite the same suburban commuting population that a lot of cities do. Minneapolis and Omaha are about the same size, but the Minneapolis area is about 2.6M, whereas Omaha is around 800k. I had to drive into Omaha during rush hour on several occassions and never really recall a time when traffic was terrible.

There are many others that have grown without the infrastructure to support the traffic moving too and from the bedroom communities that were built in the building boom of the late 90's early/mid 2000's.

Either they don't have the infrastructure, or it's so poorly planned out they may as well not have them. Minneapolis is quite possibly the most poorly planned larger urban road system in existance, and has one of the worst DOT (road closures and detours are last minute suprises, there is very little to no advanced warning, even closing of major roads).

 

[vi edit]

Either they don't have the infrastructure, or it's so poorly planned out they may as well not have them. Minneapolis is quite possibly the most poorly planned larger urban road system in existance, and has one of the worst DOT (road closures and detours are last minute suprises, there is very little to no advanced warning, even closing of major roads).

Where I live now has a metro population of around 250,000 people. Peoria, IL is the hub with a bunch of other smaller communities and subburb'ish areas starting to fan out. The growth is all out on the edges and the feeder streets that connect major housing developments never were updated to multi lanes or stoplights. You can end up having a couple hundred houses trying to drop into a single 3 way stop during major commute times. It's a disaster. There are at least a dozen or more choke points that are the same way they were 30 years ago when there wasn't a single house near them.

 

[CrazyAznDriver]

Ok. I was just wondering if there was just some wacky rule regarding jumbo loans that I didn't know about. PMI on that must be brutal. I just can't stomach having to pay PMI, such a waste...

absolutely 0 pmi :thumbsup:

 

[PingSpike]

Where I live now has a metro population of around 250,000 people. Peoria, IL is the hub with a bunch of other smaller communities and subburb'ish areas starting to fan out. The growth is all out on the edges and the feeder streets that connect major housing developments never were updated to multi lanes or stoplights. You can end up having a couple hundred houses trying to drop into a single 3 way stop during major commute times. It's a disaster. There are at least a dozen or more choke points that are the same way they were 30 years ago when there wasn't a single house near them.

A lot of this is because of the popularity of cul de sacs and even around here that problem occurs. A huge housing development is built and its roads intentionally designed to not be for through traffic at all. Then all its traffic is dumped onto the shitty street that isn't designed for it. In other words, it uses up public resources while contributing nothing to them. When houses were built in city blocks the roads could be used by all. In theory the extra tax revenue should be used to expand existing roads but there's a number of political issues and space limitations that ensure that part never occurs.

Sadly some intersections are so clogged by the morning commute now that I'll often drive through cul de sacs anyway to divert around it. Despite being forced to double back and learn a maze the main intersections are so overloaded its still faster.

 

[Doppel]

People saying 25% of your net income don't live in California. Your lucky to get away with using 50% of net income if you want to live in a decent area that isn't overrun by crappy neighbors and that you don't have to commute 60 miles a day to.

GTFO of California. I believe you because I've seen the posts at doctorhousingbubble, a great source of comedy.

Where I live now has a metro population of around 250,000 people. Peoria, IL is the hub with a bunch of other smaller communities and subburb'ish areas starting to fan out. The growth is all out on the edges and the feeder streets that connect major housing developments never were updated to multi lanes or stoplights. You can end up having a couple hundred houses trying to drop into a single 3 way stop during major commute times. It's a disaster. There are at least a dozen or more choke points that are the same way they were 30 years ago when there wasn't a single house near them.

Sounds like a kick in the junk. I lived in a city like that, growing fast, hated what happened to the traffic each and every year. In just a few years of living at one house the commute went from ok to wishing I'd die in a car crash so I wouldn't have to keep doing it every day. The problem of course was my neighborhood was off a country road and while living there developments sprang up like mad off this road and behind me and thus five trillion automobiles are trying to go through a single set of lights on a two lane road each morning and the bumper to bumper traffic started to resemble Beijing.

Sadly some intersections are so clogged by the morning commute now that I'll often drive through cul de sacs anyway to divert around it. Despite being forced to double back and learn a maze the main intersections are so overloaded its still faster.

I did this kind of sh*t, long detours, taking a left onto gridlock traffic while the other direction is going fast (not fun when you can't see the traffic coming the other way and more or less have to pray there's an opening). People with trucks used to go off the road and made their own shortcut by a property that hadn't been paved. We were like rats in a sinking ship trying to get the damn hell moved along.