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Threaded Responses [ bottom ]
 | amy [email] said at 1:49 AM 05-04-2004:
Woooohhooooo! It works. |
Jake. [ url ]
said at 12:34 PM 05-04-2004:
That's a neat looking house. It's got some of the layout-feel of the sopranos-the door opening to the combined front room and kitchen, and that neat recessed area in the corner column. You could get a secret cabinet installed there, and keep guns like tony! |
Chipper said at 7:50 AM 05-04-2004:
That is a GREAT house. |
 | josh [email] said at 8:44 AM 05-04-2004:
Weird, you can get a house for $700 a month? I should get one. |
 | craig [email] said at 9:52 AM 05-04-2004:
No shit. I was thinking the same thing... |
*myriam said at 10:23 AM 05-04-2004:
mortgages are often lower than rent, unless it's like somewhere in the middle of DC or NY or something.
actually, maybe even then. they are wayyyyy cheaper than renting in southern california.
the problem is the down payment.
but the coolest thing too is once you get a house, you get that home equity line of credit... plus you can always rent it out! |
nickl said at 11:58 AM 05-04-2004:
Not here you can't.
evil property costs |
*myriam said at 12:22 PM 05-04-2004:
well gee, that's helpful. where's here, pray tell? |
*myriam said at 12:47 PM 05-04-2004:
oh i'm sorry, didn't mean to be snarky. i thought you were this random troll that's been posting about n00dz recently. didn't mean to scare you away. |
jenny/kyle said at 2:38 PM 05-04-2004:
or even less. here's ours, we think:
http://www.realtor.com/Prop/1034893340 |
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| amy [email] said at 5:47 PM 05-04-2004:
Your house was rad!!! |
 | jenny [email] said at 8:06 PM 05-05-2004:
no- our house WILL BE rad. the listing is gone now because it's ours...Ours... OURS!!! yay |
 | talice [email] said at 7:01 PM 05-04-2004:
wow, that's nice. so you guys are coming back around here? unless i'm out of it and you guys are already down here. . |
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| jenny [email] said at 8:09 PM 05-05-2004:
yeah, looks like we'll be moving back to new orleans in june. we found out today that the bank accepted our offer, so it's for real now, and pretty exciting. come visit! |
Denee1 said at 6:47 PM 05-06-2004:
In the DC area it may get you a condo. I'm looking to buy in Seattle and for about $200,000 I can get a decent 1 bed condo. I need to get married so I can have two incomes. |
 | milky [email] said at 12:24 PM 05-04-2004:
How much was the down payment? |
*myriam said at 12:39 PM 05-04-2004:
$30,000 down with a 30-yr mortgage at 5.7%. Well, that's if it sells for 150k. |
Woody said at 12:49 PM 05-04-2004:
Come to Canada. You can pay as little as 5% down, though you pay an extra insurance premium, rolled into your mortgage. They are soon moving to 0%. I am very excited, because at the next housing bust, there will be so many bargains to be had. |
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| milky [email] said at 1:24 PM 05-04-2004:
Where do you get the 30K down from? Who has that kinda cheddah, yo? |
MsMary said at 2:19 PM 05-04-2004:
You save up over time, or if it's your second or third home or whatever, you use the equity in the place you're moving out of.
In the U.S., we have a lot of programs for first-time homebuyers. The downpayment is what holds up most people, so the FHA has programs that let you put as little as 3 percent down. But it's like the deal Woody describes, where you have to pay for some extra insurance.
If you have good income and credit, you can get away with no downpayment. When I bought my place, I had savings to cover the closing costs (more than $7K, in this case; they can be as expensive as the downpayment), but that was it. I took out two mortgages. One, a regular ol' boring 30-year fixed rate for 80 percent of the cost. The other is a variable rate line of credit, and served as my down payment. Interest rate was under 6 percent in both cases.
It sounds like a lot of money to scrap up, but if you educate yourself before you head out househunting, it's very doable.
Of course, once you get the house, that's when it gets really expensive ... |
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| milky [email] said at 1:39 PM 05-04-2004:
Oh, SKEET.
Maybe that will jack up the referers |
 | brianbibbly [email] said at 2:23 PM 05-04-2004:
Keep all that skeet in the GC Milky. In the GC! |
MsMary said at 2:41 PM 05-04-2004:
Also, I have been to Amy's house. It is nice. |
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| amy [email] said at 5:48 PM 05-04-2004:
Yeah, its too bad we have to sell it. Very sad. |
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