Looks like a move south is in my future!
Champion
Joined: May 2012
Posts: 3,065
Likes: 1
From: Renton, WA
poor housing market = good for the buyer bad for the seller..
great housing market = good for the seller, bad for the sucker that pays that much to buy it.
an economy like this is the best time to buy a house...house values are down everywhere its like a 50% off sale
just put 20-30% down and get a fixed rate mortgage and you will be in good shape.
great housing market = good for the seller, bad for the sucker that pays that much to buy it.
an economy like this is the best time to buy a house...house values are down everywhere its like a 50% off sale
just put 20-30% down and get a fixed rate mortgage and you will be in good shape.
Thread Starter
|
Legend
Joined: Jul 2011
Posts: 8,259
Likes: 4
From: Austin, TX
poor housing market = good for the buyer bad for the seller..
great housing market = good for the seller, bad for the sucker that pays that much to buy it.
an economy like this is the best time to buy a house...house values are down everywhere its like a 50% off sale just put 20-30% down and get a fixed rate mortgage and you will be in good shape.
great housing market = good for the seller, bad for the sucker that pays that much to buy it.
an economy like this is the best time to buy a house...house values are down everywhere its like a 50% off sale
just put 20-30% down and get a fixed rate mortgage and you will be in good shape.Sometimes you guys are less than ecouraging.
20-30% down? Obviously the fact that I have been in the non-profit sector makes this a little unrealistic - in any area that I would consider living.....But two calls to Realtors and NO return calls yet. That surprised me! BUt i love the Ausitn area. My previous position required travel to here a couple times a month, and even more often when the legislature is in session (every other year from Jan to June).
Plan to go home for the weekend (especially if I can slip off early on Friday).
Legend
Joined: May 2005
Posts: 8,663
Likes: 8
From: Central Oklahoma
A friend of mine from high school lives in Austin. He loves it there and IIRC he's been there for the last 15+ years (he's originally from Michigan).
He and I have been talking about a potential meet-up for the two of us some day, so if I ever make it down there I'll give you a heads up.
He and I have been talking about a potential meet-up for the two of us some day, so if I ever make it down there I'll give you a heads up.
Champion
Joined: May 2012
Posts: 3,065
Likes: 1
From: Renton, WA
yep. 20-30% down. if you can't afford that, you can't afford to buy a house. I would rent a house and put money away for several years till you can afford to do that..and if the economy bounces back by then, keep putting money aside and wait till it goes down in the toilet again...happens about every 10 years. once it does, find the house of your dreams... a house you never plan to sell and plan to breathe your last breath in. when you find that house, throw down your down payment and make it yours.
when you never plan to sell, you don't care about house values going up or down, in fact you get excited about the values going down because it means you pay out less for property taxes!
If you want to be financially stable and successful, this is how you gotta do it...and absolutely no ARM loans! avoid them like the plague! no starter houses or house flipping... when you buy a house you better plan on dying in it. otherwise you should be renting and saving your money.
Not trying to discourage you. just trying to give you the tools you need for the best possible chance of success.
when you never plan to sell, you don't care about house values going up or down, in fact you get excited about the values going down because it means you pay out less for property taxes!
If you want to be financially stable and successful, this is how you gotta do it...and absolutely no ARM loans! avoid them like the plague! no starter houses or house flipping... when you buy a house you better plan on dying in it. otherwise you should be renting and saving your money.
Not trying to discourage you. just trying to give you the tools you need for the best possible chance of success.
Thread Starter
|
Legend
Joined: Jul 2011
Posts: 8,259
Likes: 4
From: Austin, TX
yep. 20-30% down. if you can't afford that, you can't afford to buy a house. I would rent a house and put money away for several years till you can afford to do that..and if the economy bounces back by then, keep putting money aside and wait till it goes down in the toilet again...happens about every 10 years. once it does, find the house of your dreams... a house you never plan to sell and plan to breathe your last breath in. when you find that house, throw down your down payment and make it yours.
when you never plan to sell, you don't care about house values going up or down, in fact you get excited about the values going down because it means you pay out less for property taxes!
If you want to be financially stable and successful, this is how you gotta do it...and absolutely no ARM loans! avoid them like the plague! no starter houses or house flipping... when you buy a house you better plan on dying in it. otherwise you should be renting and saving your money.
Not trying to discourage you. just trying to give you the tools you need for the best possible chance of success.
when you never plan to sell, you don't care about house values going up or down, in fact you get excited about the values going down because it means you pay out less for property taxes!
If you want to be financially stable and successful, this is how you gotta do it...and absolutely no ARM loans! avoid them like the plague! no starter houses or house flipping... when you buy a house you better plan on dying in it. otherwise you should be renting and saving your money.
Not trying to discourage you. just trying to give you the tools you need for the best possible chance of success.
No discouragement here. I have owned six (or seven houses) over the years, background and education in Finance, and a former Real Estate Broker. Just not willing to pull from savings to plunk down yet. When I move to Albuquerque in 2000, employer put me up fo about 9 months because I was not willing to buy without knowing the area. Did not want to own something in a area that I would grow to dislike. And I want to take my time finding a place and if I can't decide where to build.
ARM's began in the 8-'s and has contributed to more than one housing foreclosure crisis. No way for me!
Thread Starter
|
Legend
Joined: Jul 2011
Posts: 8,259
Likes: 4
From: Austin, TX
Second week at the new job, and had only found one prospect for home. Wife was going to come down on Friday to look at it. Got a call on Wednesday that he already signed with someone else......
Found another place in the middle of an exotic game ranch. But they will only show it M-F. And I have to travel to Dallas for a couple days to work this week. New job allows up to 2 days a week telecommuting, just not on Mondays and Fridays. Got variance for next Friday as the Formula 1 race in Austin has all the hotels booked up at rape rates! Tomorrow is a holiday, so hope Realtor can schedule a showing for tomorrow..... Want to get this relocation thing over and done!
Found another place in the middle of an exotic game ranch. But they will only show it M-F. And I have to travel to Dallas for a couple days to work this week. New job allows up to 2 days a week telecommuting, just not on Mondays and Fridays. Got variance for next Friday as the Formula 1 race in Austin has all the hotels booked up at rape rates! Tomorrow is a holiday, so hope Realtor can schedule a showing for tomorrow..... Want to get this relocation thing over and done!
Thread Starter
|
Legend
Joined: Jul 2011
Posts: 8,259
Likes: 4
From: Austin, TX
A friend of mine from high school lives in Austin. He loves it there and IIRC he's been there for the last 15+ years (he's originally from Michigan).
He and I have been talking about a potential meet-up for the two of us some day, so if I ever make it down there I'll give you a heads up.
He and I have been talking about a potential meet-up for the two of us some day, so if I ever make it down there I'll give you a heads up.
Holler and we'll get together. There are several nice brew-pubs in Austin....so I hear..
Found a lift for the shop I don't have yet:
http://www.summitracing.com/parts/dm...a/instructions
Wife is rolling her eyes....
