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Subject: "Jumping back into the housing market. " Previous topic | Next topic
Cold Truth
Member since Jan 28th 2004
42128 posts
Wed Jul-01-20 07:25 PM

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"Jumping back into the housing market. "


  

          

Timing seems good, but we'll see what pops up.

We're using the same realtor, same lender, as the first two homes we got, so we have a leg up.

What's sobering is, had we just stayed put with the first home, we'd have equity out the ass right now, and be in position to buy exactly the home we wanted when we sold to begin with. The second was ten mistakes, all rolled into one.

Granted, who knows how other things would have played out had we stayed. But the one thing that stands out is, that first home is now listed at 70K more than what we sold it for, and for the last three years, we've paid 50% more for middling apartments than we were paying for that house, and we have nothing to show for those payments, apart from rental receipts.

The main moral there is, it's better to pay ourselves, by owning a home. Unless, of course, you're upside down with a ridiculous mortgage payment.

Yeah, we're still separated, and we've had some direct discussions that laid to rest any notions of marital reconciliation. Which is fine.

We still look out for each other, still talk to each other, still handle our bills together, still make sure we each have what we need, etc. She still asks if she can get buy new clothes or whatever. yeah, she's dating. It is what it is. We established the rules, and I'm not tripping.

The kids are good, we're all living a solid quality of life that continues to improve, we have freedom to order out, rent movies, buy shit we just plain WANT. We eat well (financially speaking. Nutritionally, I eat horribly, she eats "well", lol.) All our bills are paid, both of our credit is improving. We made a series of mistakes over two years, after our son was born, and we've now successfully dug ourselves out of that hole.

And all of that, we've done together. And, for reasons both practical and ideological, we're both good entering this next phase together.

  

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Jumping back into the housing market. [View all] , Cold Truth, Wed Jul-01-20 07:25 PM
 
Subject Author Message Date ID
Not married but buying a house together?
Jul 02nd 2020
1
nope, just a home for us and our kids.
Jul 02nd 2020
3
I need this housing market/bubble to pop in San Diego so I can buy a hou...
Jul 02nd 2020
2
Shit, all of So Cal is crazy right now.
Jul 02nd 2020
11
      This is true but San Diego isn’t slowing down. Not trying to flex but
Jul 02nd 2020
16
           not trying to flex, but....Hulk Out! Cool stats, bro. I'm super impr3sse...
Jul 02nd 2020
18
           bro, did you rip out of your Untuckit Performance Oxford...
Jul 02nd 2020
21
                LOL! My wife and I have been working hard this last decade
Jul 02nd 2020
23
                     Buying near the coast is a lot more money
Jul 02nd 2020
26
                     Bay Ho is more affordable than Bay Park
Jul 02nd 2020
27
                     salute to all that, man...
Jul 02nd 2020
28
                          Thank you brother and I have grinded
Jul 03rd 2020
29
We held off on selling our house
Jul 02nd 2020
4
we're not "together" though.
Jul 02nd 2020
5
      She’s dating but not free to date other people?
Jul 02nd 2020
6
           semantics
Jul 02nd 2020
8
           That's exactly it.
Jul 02nd 2020
9
           infin8 got it. we're not together. We're done.
Jul 02nd 2020
10
                Got it. For the record
Jul 02nd 2020
14
                     Gotcha.
Jul 02nd 2020
15
spending the week at our vacation home....property is on fire here
Jul 02nd 2020
7
Keep that shit!
Jul 02nd 2020
12
Where is your Airbnb property? I’m waiting for the San Diego Airbnb
Jul 02nd 2020
17
      Daufuskie Island South Carolina
Jul 02nd 2020
24
I really wonder if we'll see a housing drop soon
Jul 02nd 2020
13
Agreed. Housing being propped up a bit, similar to the stock market
Jul 02nd 2020
19
it's so weird right now
Jul 02nd 2020
20
Supposedly, that's about to happen toward the end of July.
Jul 02nd 2020
22
The extra $600 for UE ends July 31st
Jul 02nd 2020
25
I should've pulled the trigger in January.
Jul 03rd 2020
30
Jumping back out of the housing market.
Aug 19th 2020
31
realtor is doing the same
Aug 19th 2020
32
Yep. Several of these were at least 50 K over the listed price
Aug 19th 2020
33
      Haha I’m right there with you
Aug 19th 2020
36
           Not a housing market expert but here's a couple big picture things
Aug 20th 2020
41
I've heard similar from a lot of people
Aug 19th 2020
34
Yep, same here. We are getting out and just going to maintain
Aug 19th 2020
35
Stands in this line
Aug 20th 2020
37
How INSANE is this?
Aug 20th 2020
39
we have a tiered economy and I just don't see how it holds up
Aug 20th 2020
47
My wife = the gas. Me = the brake.
Aug 20th 2020
43
Waiting until next year to jump in
Aug 20th 2020
38
That’s the dream. This is our plan as well.
Aug 20th 2020
40
look at this goddamn low key flex.
Aug 20th 2020
44
      We’ve already been in this house for 9 years tho.
Aug 20th 2020
46
Congrats on paying off your mortgage
Aug 20th 2020
42
[Stares in property tax]
Aug 20th 2020
45
How sway? I never understood how people get hemmed up
Aug 21st 2020
48
right
Aug 21st 2020
49
      I can see if you inheritors the house from family
Aug 21st 2020
50
           *inherited* the house
Aug 21st 2020
51
           Escrow probablly gets people used to not directly paying taxes
Aug 21st 2020
55
                Yeah. I do escrow as well
Aug 21st 2020
57
I did this too
Aug 21st 2020
60
Thanks, not quite baller status
Aug 21st 2020
52
      Doesn't matter bro
Aug 21st 2020
59
That's dope as fuck.
Sep 09th 2020
69
The market is so tempting to sell...but I don't want to buy at
Aug 21st 2020
53
U.S. Existing-Home Sales Surged 24.7% in July
Aug 21st 2020
54
This doesn't seem logical to me
Aug 21st 2020
56
I think legs is right
Aug 21st 2020
61
      It would be interesting to see trends by city/region
Aug 21st 2020
62
      What’s the point of living in an expensive city if everything is close...
Aug 22nd 2020
65
           I feel that. I’m working remote right now and saving quite a bit
Aug 22nd 2020
66
                We are getting ready to redo our deck and looking at a prefab
Aug 22nd 2020
67
      My wife and I have been fortunate.. she only lost her side gigs
Aug 22nd 2020
64
If you are blessed to work from home
Aug 21st 2020
58
i believe it
Aug 21st 2020
63
'staggering shortage of homes on the market'
Sep 09th 2020
68
Survey Says: Not anytime soon. Prices are insane.
May 04th 2021
70
I finally have my credit score high enough to consider buying
May 04th 2021
71
shit's depressing, really
May 04th 2021
73
Just sold my rental house for 26 over asking.
May 29th 2021
82
It's wild out there.
May 04th 2021
72
Who is moving to Boise, Idaho?
May 28th 2021
74
I heard this one last week. Really mind blowing stuff.
May 28th 2021
75
I think the California exodus is overrated
May 28th 2021
76
      ^^^^^^
May 28th 2021
78
real talk.. this feels like panic buying and people are going to be
May 28th 2021
77
I think part of the problem is NOT enough people are moving
May 28th 2021
79
      yeah.. we thought about selling
May 29th 2021
81
HGTV has the a show called Boise Boys
May 29th 2021
83
Racists
Jun 03rd 2021
89
Almost reeled one in in March but that inspection tho…
May 28th 2021
80
Bought 5yrs ago, and now the zestimate is up $135k...
Jun 02nd 2021
84
I was in Philly right before the bubble burst
Jun 02nd 2021
85
      it's not that many people moving
Jun 02nd 2021
86
      could get real weird as eviction and foreclosure moratoriums expire
Jun 02nd 2021
87
      People who own their homes aren’t moving and people who are
Jun 02nd 2021
88
crazy fucking shit. my ENTIRE block flipped.
Jun 03rd 2021
90
We went from being the new neighbors to one of the last one’s
Jun 03rd 2021
91

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