Is it dumb to buy a house?
depends on where you buy it
i live around philly. i want to move somewhere outside denver
>is it dumb to make a smart investment
Depends on what kind of lifestyle you want. Some people want to be nomads. Some people want to put down roots.
Real estate appraiser outside of Denver here. AMA.
>some people want to be nomads
cringe af
Should I cash out enough for a down payment now or wait until a year later when people default on their payments?
It makes sense if your monthly payment is similar to your current rent payment. And if you don't plan on moving for 5+ years.
Or just be a neet and live with your parents and buy LINK and PNK
I think it's dumb when you're in your 20s and don't know where you want to settle down yet. It's not like in our parents day when they stay at the same job for 30 years
>Some people want to be nomads.
show tits roastie
can i find a house under $300k that isn't dog shit?
Do whatever you want to do. That is the point.
>pay $80k in interest
>shit breaks all the time
>property tax
>any not shit home in not shit area is $350k+
those are the cons I can think of
Rates are too low to ignore. You can haggle over $20k but it will mean nothing compared to a point in interest over 30 years.
It's dumb to PAY for a house when you don't have to anymore
Buying is better than renting probably 90% of the time. When you rent, that money just disappears. When you buy, every time you make a mortgage payment, you're basically gaining equity. In theory, if the value of the house doesn't crash, you're not wasting money.
Now is in theory a good time to buy a house, because interest rates are so low. This is a good time to get a mortgage.
Housing prices are very high right now though. My personal suspicion is that there will be a second crash this fall, and housing prices will fall again. So, if I were in the market for real estate, I'd wait until this October/November.
How far outside of Denver do you want to be? If you like the mountains or plains there are options. If you want the city you can still get a decent condo for that price.
Mega cringe. Go be a nomad in the sahara like a real nomad. You fucking idiot.
i like the mountains. i was looking at arvada. don't know anything about it yet.
do not want a condo. would like a decent sized backyard where i can grow a large garden and do other stuff
How the fuck does escrow work, is fipping houses viable?
Lol do you just look things up on zillow? I could be a real estate appraiser then.
>5% or more to a real estate agent for their 'work' when you cash out
>Capital gains tax
>staging the house
>attorney fees (if required)
>Home owners insurance
Selling your house can cost you anywhere from $18,000 to $40,000 on average.
This isn't including the maintenance you did during your time living there, the utility bills, renovations, etc.
Houses and cars are a vehicle for banks to fuck you in the ass so you can live like a comfy little faggot. That's why services like AirBnB and Turo are the best things ever. It let's people take advantage of the fact that people are really fucking bad at math.
yes however:
>have your own land to do landscaping projects and have space for your dog to run outside. and have chickens. and garden
look at Bailey
Can you get grants for building a home?
how do I jew the government into giving me gibs
not having property is akin to being a homeless nigger on the streets
>landscaping
Only if your government or HOA gives you permissions.
>dog, garden, chickens
It's called a park.
thank you. im not ready to buy yet anyway. hopefully it crashes
trailer park?
>It's called a park.
yes let me go to the park to raise some chickens for eggs
yes let me plant a garden on someone elses property
yes no land for my dog to spend most of the day on enclosed property outside
Its all #s and if there are better investment opportunities like link. If you have to make a big down-payment when that money can be invested elsewhere like link.
Pretty much link allows for renting and buying link > than making a down payment on a house
yeah, just completely stop what youre doing at home, shove the dog in the car, drive in traffic to get there, leash the dog, waste time at the park, drive in traffic to get back home, put the dog back in the house, hang the leash up. yea lets do that every fucking day. or literally just open the back door let the dog out and go back to what you were doing