-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
Should I not even think about buying a house?
Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
Around here, that will most likely buy a trailer home. The housing market has boomed in my area and you'd be hard to find a decent home under 200,000.
While just browsing, this one looked nice, but it's in a bad area of our town so I'm not sure what it would be like: http://www.realtor.com/FindHome/HomeLis...99EBC&snumxlid=1049432087&lnksrc=00002
Also, I just got a new job here so I can't really "leave" the state and find a new job and home. It's not that easy. I'd like to be able to live here if possible (friends, family, g/f, etc)
Depends on the mortgage leander.
I know plenty of people that End up with payments they will not be able to make when the first problem occurs. (be it car, house, or medical cost)
What I have seen in MN is that if you have two months payment in the bank they will give you up to %35`40% of you income. And I have also seen people that were told to up there deductions on the w-2 because of the HUGE write off they receive from buying a house. Of course for most of us that deduction is minor when compared to the standard write off. (I am single income with four dependants.) The house basically get me to the standard deduction then I can wrote off other stuff.
squirrel dog
Diamond Member
Try to find an older fixer upper . Some are diamonds in the rough .
The house looked fine to me, what's so bad about the area? A house in a bad area usually doesn't look like that. Check into foreclosures and you might get lucky. A friend got a 200K house for about 125K. Only thing wrong with it was the A/C was out. A couple hundred bucks worth or repairs, and he moved in!
Mermaidman
Diamond Member
Old rule of thumb is around 30-40% of your monthly income towards housing, and as a homeowner, you would need to take into consideration expenses beyond the mortgage payment.
I don't think it's unreasonable for you to get a house if you don't have other debts and you can come up with a decent down payment.
Aren't there still cheap houses in Cape Coral, Lehigh Acres, or North FM? That house you linked doesn't look bad--you'll have lots of 'multicultural' neighbors 😛
I don't think it's unreasonable for you to get a house if you don't have other debts and you can come up with a decent down payment.
Aren't there still cheap houses in Cape Coral, Lehigh Acres, or North FM? That house you linked doesn't look bad--you'll have lots of 'multicultural' neighbors 😛
kranky
Elite Member
You have plenty of options. You could look out in the more rural areas where homes might be cheaper (trading off commuting time). You could look for a home that needs work and do the work yourself - a house that needs work really turns off a lot of buyers, which reduces the competition. You can offer less than asking price because some people really need to sell NOW, and they will take what they can get.
You can look for homes that are "different" - unique architecture, interior layout, etc. Those can take a long time to sell and you can really bargain them down. My good friend bought such a home a couple years ago. Very strange layout and the sellers (who were the original owners and designed the house) finally had to admit that the design was turning off almost all prospective buyers. But my friend offered $120K against an asking price of $180K and they took it! Sure, he'll have the same problem when he wants to sell, but since he's already got a bargain, he can afford to sell cheap.
Remember to factor in the other ongoing costs of home ownership so you don't get in over your head - repairs, tools, lawnmower, etc.
I don't recommend getting a second job to afford the home you want because if you get sick or injured and can't work, you'll be suffering even worse. Buy a home you can afford on your regular income, THEN look into getting a second job. That way that extra income is really extra.
You can look for homes that are "different" - unique architecture, interior layout, etc. Those can take a long time to sell and you can really bargain them down. My good friend bought such a home a couple years ago. Very strange layout and the sellers (who were the original owners and designed the house) finally had to admit that the design was turning off almost all prospective buyers. But my friend offered $120K against an asking price of $180K and they took it! Sure, he'll have the same problem when he wants to sell, but since he's already got a bargain, he can afford to sell cheap.
Remember to factor in the other ongoing costs of home ownership so you don't get in over your head - repairs, tools, lawnmower, etc.
I don't recommend getting a second job to afford the home you want because if you get sick or injured and can't work, you'll be suffering even worse. Buy a home you can afford on your regular income, THEN look into getting a second job. That way that extra income is really extra.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 25K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 24K
-
-
