Hey... I'm currently out of town- (unfortunate passing in my family)... so my internet connection is a little harsh...

but I'd be more then happy to talk to you... It is 100% natural to be uneasy and unsure with such a transaction... dominately due to a lack of understanding... and considering I haven't had a chance to read the whole thread and address your individual concerns... pm me, or call 248-514-8104 and I'll give you all the necessary information to make the best decision...

(Click the First Horizon link in my sig if you want more info in the meantime...)

 

Don't look at the picture though...he's really not THAT gay...







I still laugh at Heather's (my now wife) quote! The story behind that is Priceless!

 

It was awesome buying my first house. Went with a semi-custom home, built the way I wanted it (I picked just about everything that went into it, and even designed a few of the rooms [theatre room, kitchen] myself.

My neighbours think I'm a drug dealer due to my age, given the house I do live in, and the car I drive. But other than that, it's been a great experience

 

Joe is a GREAT guy he helped me alot i found and am in the prosess of purchasing my home in big part to joes convinicing me it was a good choice he is the man!

 

lol... thanks!



I just got back and had a chance to read the whole thread... and I caught the gent's post who proclaimed "Rent" as the best alternative...

...and also the guy who stated his dissatisfaction with the process (leading to gov't issues).

To be blunt (and hopefully not offensive to either of these two guys- since I know nothing about them)... but every situation is unique, but such an investment... the only true way to be dissatisfied... is to f@ck it up yourself.

Homes are in now way a "fanatic investment"... if securing yourself in an asset (and a liability) that is sure to be stable, if not at a consistant grow rate is fanatic... then please... What IS a GOOD investment???

Think about this... The worlds population grows at more then 1.5% per year... which doesn't sound like a lot... but now multiply that by 100 billion... and well... unless we start eliminating members of our society at the age of 30 (someone quick!! Name the movie!! ) finding individual residences/habitats/niches... will become increasingly diffacult. Many cities become land locked each year do to consistant growth.

So think about this now... What happens when a football game, or a concert sells out... Ticket Value SKYROCKETs!!...

Think about what will happen when Land "sells out"...

Exactly... I've personally come across hundreds of people who bought their homes originally 30 years ago for $2,500 bucks to $20,000...
..... now.....
they are worth $200,000k to $400,000... Show me a bond, mutual fund, CD or annuity that grows like that... and I will resign.

So if you honestly thinking renting... aka- PAYING SOMEONE ELSE'S LAND OFF FOR THEM is the most pratical methodolgy... then please... feel free. You are making them more money... they intern are collecting on the appreciation... and they... one day... will be retired at in the prime of their life... LIVING OFF OF YOUR SALARY!! ...while you slave away into your 80's hoping Social Security bails you out...

Also... if you had gov't issues on your home... then you had a shady mortgage rep (which with the refi boom... there are PLENTY... which is why I can't WAIT for rates to go back up! weed out the $hit!)... and he put you into a situation you could not afford... or could temporarily... until your loan matured or modified... and made one hell of a commission of your sufferings... I apologize that it happened to you... but the only thing you can do... is shop around better next time... 'cause rats are easier to pick out when compared to an actual mouse...

 

Oh and Don and Jeff...


Thanks guys... I appreciate it! (oh- and Jeff's the one who told me to wear the pink tie in that picture... )

 

A lot of the people on S2Ki are in Cali or west coast. I'd venture a guess that over 30% of S2ki are Calif people.

The home market there is really speculative right now (past couple years actually). A business associate told me his son bought a house near SF with a 100yr mortgage His son said "but dad...i'm just renting it in reality".

Im not a pro but that is a bad decision. Here in midwest i can buy a beautiful, big 4br,2 ba house on 1 acre w/30yr mortgage for an affordable price. I did just that in 2002 and got in when rates were bottomed out.

Just be cautious when home-buying...what may seem normal in one part of country would be a financial mistake in another.

 

water heater went on me after 1 month...i wasnt very handy at the time and i paid a licensed plumber to install .... cost me a few $$$

at least its one less thing that can go bad now

Good appreciation here too...but prop taxes go up with that (ugh)

 

I never did such a ridiculous thing! Don't make me tell the quote story!

















How do you put it??? OWNED!

 

Well it's been a while since I have been on here...but I think this is the perfect topic to start back up.....

About 3 months ago...the wife and I decided that we were going to sell the S2k to save more money for a house.

Well we found a beautiful house in a nice resort on the East Coast, that my wife just fell in love with. I thought that we needed to save more money first, but of course she was dead set on this house. So we are looking to sign the contract tomorrow and close at the end of November...

I'm scared shitless... Just feel like I'm doing something wrong. Up until this point we have been living in a home owned by her father, so we haven't paid any rent at all. And even though the mortgage payment is only about 28% of our Net income, I still fill kinda sick about it... You know the whole, "Should we back out now??" or "What happens if this isn't the right house for us??" comes to mind.

In the back of my mind I know that we are doing the right thing though.

I'm just glad that I'm not the only one feeling like this....