Congrats, I read it as horse first time round, either way, best of luck!
Nice
Amateur, I just find an empty one and squat.
Wait [X] years as defined by your state. Boom free housing*
*Terms and conditions apply
Hell yeah, one of the smart ones. I hope you got a fixed rate mortgage.
I did!
Fuckin’ Smarrrrrrt. You’ll be one of the ones who doesn’t get fucked if the housing market crashes, because your interest rate won’t balloon through the roof.
Not sure what this is implying. I personally know a few others (myself included) who have been working to get a house but stuck in the rent going up/cost of homes going up cycle. I feel (opinion) that most people would rather have a home instead of renting.
Many states have first-time homebuyers programs that will absolutely shunt the issue of transitioning to Rent/homebuying. Most people are too lazy or stupid to take the initiative though. Every person I have talked to about renting vs home owning has always managed to make excuses why they can’t do something, instead of working to make it happen. It’s daunting as fuck, for sure - but it’s possible if you scrimp and do without for a while. That short-term of doing without, ultimately ends up with you paying into something you OWN. You’re building your personal equity with a house, and many people will argue against that because of learned helplessness.
I would point to demoralized instead of lazy or stupid. If you talk to a lender they will immediately tell you about the programs as it’s in their interest for you to buy a home. A coworker and myself are military vets which lets us do the VA program. Even the finding a house to buy that isn’t paid for with cash 5-10% over asking is a nightmare. I lost 8 bids the first year trying. Also the prices for an home are just absolutely insane as starter homes don’t really exist anymore. New construction is focusing on McMansions and any 2 bedroom home is built in a 55+ community. Now I’m just venting.
Congratulations OP on the home. I hope to be in your shoes before I retire.
You know as soon as us millennials hit 55 they’ll make those communities 70+
😢 don’t jinx us like that.
Yeah, I probably used too harsh of a term there – It’s not stupidity or laziness, but more ignorance. You can’t exactly chase something that you haven’t been taught about.
And you’re right, the process is daunting - many of the people that argue against it are those that have to live in the city, and refuse to live further out in order to get better pricing. I’ve got plenty of housing around me being built in the 200k-300k range (2/1 and 3/2) - in Florida no less. But it’s in the country.
I went the “buy a slum house and live in squalor, putting whatever extra money I have into it to fix things” route. I learned a lot about housing maintenance; installing your own appliances, replacing well pumps and tanks, electrical, etc.
A buddy of mine is shacking up with his brother and they’re buying a house together for now so that in 10 years they can sell it an split the equity for their own individual houses.
It’s all possible, though for sure - you may have to do some things that we’d consider unconventional today. It’s definitely not ideal. The big guys are going to find out sooner or later that not paying people for jobs ends up with nobody having any money to spend.
Most people are too lazy or stupid to take the initiative though
Full stop, go fuck yourself.
Aww…lol It’s okay, they have a totally different type of home for you.
Enjoy your home OP. May you live out many happy years under its shelter.
Thank you very much, kind stranger
May your foundation be sturdy, and your roof leakfree. Godspeed OP.
OP searching for years when they’re on every street
We’re in the same boat. We’re just waiting for an official moving date. We’ve been moving boxes today. Scary times doing grown up things.
I was in your situation until about a week ago. It’s such a relief once the bed moves and you get to start sleeping in your new house, but the first few sleeps were not very restful for me. Try to replicate your good sleep situation as best as you can. For me, that means a fan for air flow and white noise, plus blackout curtains to block out both the sunrise and outside noises. I’m assuming you would bring all of your normal bedding stuff.
I think that the best part was waking up in the house and being able to get coffee brewing and breakfast cooking while playing some Ray Lamontagne on the stereo. Do yourself a favor and think of how you want to start your first morning in your house and set yourself up!
Congratulations!
Hell yeah, good job! You should feel incredibly proud of yourself. You worked hard and made this happen.
Congratulations! You’ll be fine. I knew zilch when I bought my first house (total dump) and learned as I went.
grats.you have my well wishes and supreme jelousy.
The time my coworker told me she signed the papers to buy a house the previous night. “I went home and had 3 beers for dinner.”
Stoked for you! Here is to hoping it’ll not bite you with any failing parts in the near future so you’ll have time to get used to how things work! We’ve only had ours for almost a year now and I’ve already replaced half the house. But we got a fixer upper. Lol
Congrats! You’re now going to find out that some of your expenses will go down. Your insurance specifically and that unless you take out another loan on the house or got a balloon loan, your monthly bill won’t change. It’s a fun thing to find out.
I’m counting on it 😅
It’s still a weird feeling when you’re 3 years later and everyone is complaining about their rent going up and yours is staying still. It kind of feels like cheating.
100% agree. It’s crazy that we have 30 year fixed rate loans with basically no penalty to refinance. Don’t get me wrong, it’s working for me, but I wish it was different because it’s so unfair.
I think you misunderstood me, rentals should have more of limit on how much they can raise the rent, not that banks should get more money from homeowners. I guarantee that banks are making a shit ton of money or they wouldn’t do it.
I definitely agree that rent should be much more controlled and affordable. And yeah banks definitely don’t need more money. But a majority of Americans have fixed mortgage rates under 4%, which makes a lot of them keep their old house when they move, and just rent it out. Which just makes it harder for people to break into the housing market. And houses are an investment that renters don’t have access to, and that’s just one of tons of things that keeps poor people poor.
which makes a lot of them keep their old house when they move, and just rent it out.
Yeah, that’s not a thing:
Meet the Billionaire Investors Behind the US Housing Affordability Crisis
With roughly 800 billionaires in the U.S. with combined wealth of $6.2 trillion (and 2,781 billionaires globally with over $14.2 trillion), ultra-wealthy investors tend to diversify their holdings across multiple kinds of assets. A huge amount of this billionaire wealth is invested in property, land, and housing. Billions and possibly trillions of dollars are sucked into predatory investment practices and luxury housing schemes — where global billionaire investors park vast quantities of wealth in U.S markets.
This is not your grandparent’s gentrification, but rather a hyper-gentrification fueled by concentrated wealth driving up land and housing costs, expanding short-term rentals, and treating housing like a commodity to speculate on or a place to park wealth. The billionaires are displacing the millionaires, and the millionaires are disrupting the housing market for everyone else.
Congrats bro! I’m happy for you and also a bit jealous 😁
As you should be 😁
