Reply With QuoteYour gettin out cheap. 2 bed 1 baths around here are in the high $600's
That's the problem, what's cheap?
500 large.
Your gettin out cheap. 2 bed 1 baths around here are in the high $600's
Your gettin out cheap. 2 bed 1 baths around here are in the high $600's
That's the problem, what's cheap?
That's the problem, what's cheap?
Ya really. Don't feel bad though. I don't even have a house yet. I going into this dry. Nothing to sell for additional down. And where I'm looking they're high $500's for a 2 bed 1 bath. They're coming down a little at a time but I'm starting to get impatient. I know as soon as I buy the market will take a shit.
I agree with the average house price.
I have more than 100k to put down,
Problem is I think I will need 200k down to breathe.
If you plan to stay for a while I would buy a house around $450k, put 20% down, do a 30yr fixed interest only (I/O) and you will be about $2,500 PITI, if you have good credit. Your payment will be at $2,500 for 10 years and then it will bump once for the conversion to a 20 year full-am. I'm sure you will see some appreciation in 10 years so don't worry about the I/O part. Most people don't understand how they work and will be quick to bash the I/O loan. Its the neg-am loans that you really need to be careful of. BTW, $500k should put you around $2,700 PITI on the same deal.
Did you look at these? All three of these are 3 car garages, lots over 7k, and all north of Foothill. I x'd out some stuff because its supposed to be private MLS info but I'm sure A-Lavey can look these up. The 572/573 number is the Thomas Guide, FYI.
I616401 S/A 106xx HEATHER ALTL 688 573B5 4A 2.00 $475000*A
YBt: 1978 Gar:3 Sqft: 1589/A LO:951-520-xxxx View: Y LtSz: 7200 Pool: N
I629973 S/D 67xx ARABIS RCUC 688 573H4 3A 2.00 $495000*A
YBt: 1986 Gar:3 Sqft: 1664/A LO:800-230-xxxx View: N LtSz: 8125 Pool: N
I627182 S/A 85xx HAMILTON RCUC 688 572F5 4B 3.00 $499999*A
YBt: 1976 Gar:3A Sqft: 1871/O LO:909-758-xxxx View: Y LtSz: 9500 Pool: N
we just bought a house up there as well....payments are high as hell. Ours will be around 4500/month including taxes. sometimes you just have to grab it by the horns and run with it. Make it a point to do what you can to make that payment. We eliminated all our debt. So the only thing we will owe on is one car and the house payment. once you get your taxes back after each year, store it away for emergencies and so forth. It will all work out if you want it to and try at it.
Good Luck
We are paying 3400 mo PITI in rancho right now for our house. Purchase price of 485k, with an IO loan. If you plan on staying in the property the IO isnt necesarily a bad way to go. It affords you the option to get in a property that eventually you will have equity in. For your calculations as to whether or not you can afford it, depends on the lender. Some DTI is at 45, some 50, and we can go all the way to 55%.
A lender looks at
- consumer debt
- mtg payment
- taxes
- haz ins (and flood if required, some parts of upland are considered flood zones)
all that devided by what you make.
What you will also want to consider is gas, auto ins, misc bills for the house, eating out etc.... Also see what your car insurance will be, often it will drop going from an area with a lower median income, to an area with a higher median income. The supplemental taxes in the area (are they building new schools, sidewalks, lighting streets etc...) The last thing to look at would be if its in a flood zone because flood insurance can be quite expensive.
Did you look at these? All three of these are 3 car garages, lots over 7k, and all north of Foothill. I x'd out some stuff because its supposed to be private MLS info but I'm sure A-Lavey can look these up. The 572/573 number is the Thomas Guide, FYI.
I616401 S/A 106xx HEATHER ALTL 688 573B5 4A 2.00 $475000*A
YBt: 1978 Gar:3 Sqft: 1589/A LO:951-520-xxxx View: Y LtSz: 7200 Pool: N
I629973 S/D 67xx ARABIS RCUC 688 573H4 3A 2.00 $495000*A
YBt: 1986 Gar:3 Sqft: 1664/A LO:800-230-xxxx View: N LtSz: 8125 Pool: N
I627182 S/A 85xx HAMILTON RCUC 688 572F5 4B 3.00 $499999*A
YBt: 1976 Gar:3A Sqft: 1871/O LO:909-758-xxxx View: Y LtSz: 9500 Pool: N
Thanks for those leads. We have some specific criteria, and are looking to get creative. Those are close...
Buy some parts and donate.
What do you need made?
I guess either my money is no good or you have enough ya don't need any more.
Remember what we talked about?
PI's have the goods on a lot of cheating husbands. Just blackmail your way to being a baller!
That reminds me.....I never received your check last month - you better get on it or I'ma gonna squeel like a pig.
There, one step closer to being a baller.
Good to here from ya Les.
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