why have to save up 140,000? i bought my home with zero down and got a first time home buyers rebate. homes are more. Know doubt. Sold that home 8 years later for $265000. And that inflation happened before the pandemic, so the pandemic didnt factor into the profit.
Sounded like you said that's what you said. That you saved up $140,000 and bought your house outright. Guess I read it wrong my bad. Not gonna get a deal like that anymore...zero down probably.
Not soon anyhow. I just took advantage of the times and what was being offered. Admittedly i was also at the right time in my life so they panned out. Not everyone was ready like me i suppose. But when i heard i could get ten k back for buying a home and pit zero down, i jumped on it.
People have unrealistic expectations. My first place was a foreclosure in a complete shit neighborhood. Lived there for 4 years rehabbing it and then flipped it for a house in a better neighborhood. I had friends that would give me shit saying i would never get my money back out of it and I did and then some.
pretty much the same thing. Mine was off of 165 and stark. Edge of felony flats and crime ridden rockwood. Crime is ao high over in that area. Some of the things i saw was… beyond sad. Not to mention the murder of a buddy of mine down the street.
Yep. My first place was in a similar area. One of the houses I looked at before buying was in Rockwood and the window in the front of the house had a bullet hole.
I commend you for investing in real estate fresh out of school! I agree with all that you said. Young people learn along the way and some navigate life different than others. Oregon has one of the highest cost of housing as a percentage of income. Ive seen how tough it was for a few of my kids to get into homes and my 18 year old grandson who works said if I cant afford a house here in Oregon he going where he can.
Sometimes that is what people will have to do. The west coast is getting so expensive. I'm glad I got in because this is home to me and I'll never leave Oregon. But, if I had to, I would leave to buy a house. A buddy lives in Iowa where houses are so much cheaper. Would I want to live there? No. But, I would if it meant I could buy a home.
I bought a two story house with hardwood floors in the town I went to HS in in Iowa for 22K......let my brother live in it until we sold it...that was in the 90s.
Home is where you pitch your tent/house. I have a daughter and son in law that 15 years ago purchased their first home and even though they are form Portland metro they scouted around for areas that were lower cost to get into a home. They ended up building in Carson WA. for much less than they could have in town. They like it there he works in Hood River and she's a teacher in Stevenson area.
IMHO, everyplace has something that sucks...you just have to find one that has more things that fit your positive attributes list than the negative ones. Putting down roots requires a desire to do so and takes time. That said, after spending most of my life in the Willamette Valley, we're in the process of moving to Arizona for retirement. Cost of living is much less and the warm winters are easier on geezers. We'll spend summers up here to beat the desert heat. I'm sure that there are things I won't like down there, but we will work at making it home.
There are zero down loans available. At least out side of urban areas. USDA has a program where you can still buy houses with 0 down.
when the price is jacked up to 220k over value you are better off coming up with a 20k downpayment than paying on the interest for ages before you dent the principle....it's not a buyers market by a long stretch and in my view a terrible time to buy a home. That zero down payment just gets you paying the commissions to agents off the top and getting screwed with debt down the road...right now I wouldn't waste a VA housing loan on this inflated housing market...it's cheaper to build new than buy existing houses in most cases at least on the west coast
I'm trying to talk my wife into snowbirding when our grandson is enrolled in school....endless summer...winter in New Zealand and summer in Oregon....fishing heaven. Right now she's way too busy with the grandson's care to do it but in a few years he'll be busy with school. My cousin has taken over my late uncle and aunt's bed and breakfast outside of Christchurch and it's beautiful there....always wanted to spend extended time there..
i was checking out homes in sun lakes, outside of phoenix last night. Florida too. Super cheap. But… florida…
I don't think i could live in Florida. To each their own. I like the west coast too much. Arizona is probably as far east as i would want to go.
im with ya. Hurricanes? Freedumbs? But, $250k for an acre with waterfront property, 2700sqft home with second 40’ mobile home on the property with inground pool and complete net covered back yard. i could practically buy it outright if i sold my home right now. Makes it a bit more enticing. But still gonna pass. Lol. Az is the new florida for retiring anyhow.
