Home buying thread

Rais

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Rent by then will be 3k+
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Jysin

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I fucking hate the god damn Democrats and Biden administration for fucking everything up.

Its all on god damn purpose too.
The fuck? You do realize Trump nominated Jerome “money printer / inflation is only transitory” Powell, right?

Fed is currently trying to unfuck their own policy fuck ups from the Covid response / late to the QT cycle.

Fed is an independent body. Blaming anyone other than Powell himself and partially the person who put him there is futile.
 
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Blazin

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Damn sure wont be from mortgages.

We are literally one week out from closing on our new construction. We signed for the home at 3.85%, by the time we were able to lock the rate it was 5.9%. Now 7 days from close, there is no sod, no toilets, no shutters, no appliances, 5 holes in the wall from where they punched through looking for thermostat wiring.

Luck sure would have it that our lock only lasts until Oct 3rd, and now interest rate is over 7%. If we dont close by the 3rd, we will lose the house and still owe them $12 fucking grand for having to walk away from the home.

I fucking hate the god damn Democrats and Biden administration for fucking everything up.

Its all on god damn purpose too.
Too late for you sadly but for others , your contract should have included a financing contingency with a rate cap to protect this exact situation.
 

Sanrith Descartes

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Too late for you sadly but for others , your contract should have included a financing contingency with a rate cap to protect this exact situation.
I always thought funding was a standard contingency. T Tide27 go through your purchase contract and see if you fail to get funding if you can walk away without losing earnest money.
 

AladainAF

Best Rabbit
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It is, but in the recent crazy seller's markets people have been waiving essentially all the contingencies (including sometimes inspection, wtf) in order to make their offers more attractive.

2 years ago someone put a home up for $285K that I wanted really bad. I offered 300k cash, 300k earnest money (nothing else could possibly be more attractive than this).

I wasn't chosen.
 

TJT

Mr. Poopybutthole
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2 years ago someone put a home up for $285K that I wanted really bad. I offered 300k cash, 300k earnest money (nothing else could possibly be more attractive than this).

I wasn't chosen.
Was this in Bee Cave?
 

TJT

Mr. Poopybutthole
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Too late for you sadly but for others , your contract should have included a financing contingency with a rate cap to protect this exact situation.
In TX there is not rate caps as far as I know but you can only lock a rate 30 days out and 60 days out if you pay a premium.
 

Blazin

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In TX there is not rate caps as far as I know but you can only lock a rate 30 days out and 60 days out if you pay a premium.


The contract I'm addressing is between the buyer and the seller you are referring to the buyer and the bank. Most banks would not do a rate cap that I'm aware. The Rate cap is between the buyer and the seller saying "if I can not get financing below THIS rate buyer can leave the deal"
 
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Sanrith Descartes

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Found some buildable land I am researching to buy. So far it is hitting on all cylinders...

95.1% of the population was white, 1.2% was black, 0.4% was American Indian and Alaska Native, 0.1% was Asian, 3.3% was two or more races, 3.5% was Hispanic or Latino.

1664120072994.png
 
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Lanx

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Found some buildable land I am researching to buy. So far it is hitting on all cylinders...

95.1% of the population was white, 1.2% was black, 0.4% was American Indian and Alaska Native, 0.1% was Asian, 3.3% was two or more races, 3.5% was Hispanic or Latino.

View attachment 434862
those npp (i say no party preference) are most likely like me, long time republicans disgusted w/ how pussy they are and don't want to join any party (b/c even independent, is a party not your own personal leave me alone preference)

i'll bet you if you find historical stats it used to be 88k republicans and nil npp
 

Sanrith Descartes

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guessing north central or panhandle florida.
West coast up a ways from Tampa.
those npp (i say no party preference) are most likely like me, long time republicans disgusted w/ how pussy they are and don't want to join any party (b/c even independent, is a party not your own personal leave me alone preference)

i'll bet you if you find historical stats it used to be 88k republicans and nil npp
Yeah NPA is becoming the defecto choice for a lot of people across the country. They rarely care about primaries and dont consider themselves "political".
 

Rais

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Finally got my remote position in my company. We’re able to keep our pay wherever we move to. So I get to keep my sweet LA pay. We just got our pre approval back. Thinking of moving and renting something for the next 6 months or so and wait for prices to keep dropping. The area we were planning on moving to have already dropped an average of 60 to 80k. Looking at prices from 2018 we have a bit to go and I feel that is where prices will drop near. Just sucks 6 to 7% interest rate, but if we get the house we want for 300k less we can deal with it for a few years and refinance.
 
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