Buying vs renting .. come on gusa gusa

[psycopk]

31 minutes ago, beerboy17 said:

how wise is buying a second one ... just trying to understand ... since Real estate here is very volatile ....

ups and downs common.. just konukunta povatame... make sure the community is good with accessibility 

[perugu_vada]

2 hours ago, psycopk said:

More number of single families added to the market.. they will need homes… there isnt enough inventory out there.. i dont know which desi communities you are referring to.. the ones i know are always in high demand

RTO strict ga implement aithe  music start autundi Austin lo .. esp those who are working remotely for their clients .. I have personally seen few cases who sold their homes and had to go back due to hybrid work culture .. 

[mettastar]

1 hour ago, ManOffSteel said:

750k new Home rent will be easily 4500+ not 3500. That will change all your numbers. If the mortgage payment is 5.5k no one will give you the same home for 3500$

400k ki koni 2k ki rent ki list chesthunnaru .. i can show at least couple of examples

[a4apple]

4 hours ago, Vaaaampire said:

U can never time the market in housing industry. Neeku illu nachi, okka 10 yrs akkada untam anukuntey koneseyyi. The memories u build with own house >>>>>>> memories in rented home

Investing andariki easy kadu kada.. anduke housing lo invest chestaru mostly

[mettastar]

3 hours ago, psycopk said:

New house or old house?

new house aaite community construction vastu interiors ani 750+200k vesko..

instead of renting.. koncham gattiga vetikite you may find good property on the market and buy it..

inka ups down epudu undeve.. neku house nachite value ade perugudi for good community

inka next 5yrs ki 3-3.5k vesav rent.. 5yrs tarwata i am sure the current house prices will go to 2m

5yrs lo will go to 2M aa antha la em change avudhi vunxle.. that means another 100% in 5yrs .. Texas specially has a lot of land to build new homes .. why would they go up so much? Antha ayyayi ante inflation ey range lo perugudhi 🫣

[psycopk]

2 minutes ago, mettastar said:

5yrs lo will go to 2M aa antha la em change avudhi vunxle.. that means another 100% in 5yrs .. Texas specially has a lot of land to build new homes .. why would they go up so much? Antha ayyayi ante inflation ey range lo perugudhi 🫣

oka sari higher rates ki alavatu padina tarwata... people dont sell for low..even builders want to show profits..

[RULER]

In my opinion, buying is better than renting.

1. Rents tend to increase every year. In 2013, I rented a home for $800, a double bedroom in a 1200 sq ft home. The same home in 2024 is now $2200. Just imagine if you had bought a home in 2013.

2. I purchased a home for $350,000 in 2017 with a 4.25% interest rate, around $2500 per month, including taxes, for a 2400 sq ft home. Currently, I am renting this home for $3400, with a positive cash flow of $1200, along with appreciation every year. I made a 5% down payment of $17,500. My total investment is $17,500, and the current home value is $650,000. If I sell the home now, the profit is $250,000, tax-free.

Now, let's consider renting. I rented a 2-bedroom apartment for $1500, saving $1000 every month. I invested $1000 in the stock market with a 7% return. After 5 years, I would have $65,801.24. Out of $65,801.24, $60,000 is my investment, and $5,000 is profit.

I own three homes and rent out two, both of which generate positive cash flow.

Now, let's discuss the current situation. I secured a home in November 2023, with the closing scheduled for February, receiving a $150,000 discount. With news of interest rates dropping, buyers are showing interest, and builders have ceased offering incentives, selling the same home back for $850,000. I now have $150,000 in cash equity in the home and am also converting the third home into a rental property with positive cash flow.

Perhaps the fourth home may not generate rental cash flow initially, but if interest rates drop to 5%, the mortgage and rental payments would at least be comparable.

 

[veerigadu]

2 hours ago, Vaaaampire said:

My real estate knowledge is mostly as per bay area. Ikkada 40-50 years old home ni kallakadhukoni kontaru. 
I feel the quality of construction is going down day by day. Older homes in bayarea have some back yard space & good lots. Newer homes ki koncham rare ey.

i owned a 30 year old for around 8 years. I agree it needed repair works few times. Adho head ache untadi old homes lo. Backyard lot was amazing.  Living sqft saripoka ammesam kaani malli alantidi property dorakaledhu naaku

True. Bay area and Manhattan NY are exceptions to this rule. 

[RULER]

The USA has very low inventory. If you plan to stay for 5 years, consider buying a home. If you purchase in a good location, the home will appreciate.

The US is a large country, but a significant portion of the population resides in metropolitan areas. If you wait too long, you might end up buying a home far away from the city 

For example, in the San Francisco Bay Area in 2012, people used to think that places like Livermore and Dublin were far from the city with a travel distance of around 1/2 hour. Now, these locations are priced out, and people have moved to places like Tracy and Stockton, which are 1 to 1 1/2 hours away from the city.

So, the longer you wait, the farther away from the city you might end up.

The only valuable asset you can pass on to your kids, especially if they are U.S. citizens, is a home in a prime location.

[perugu_vada]

1 hour ago, mettastar said:

400k ki koni 2k ki rent ki list chesthunnaru .. i can show at least couple of examples

investment ante it is always about location, location & location

[mettastar]

25 minutes ago, RULER said:

In my opinion, buying is better than renting.

1. Rents tend to increase every year. In 2013, I rented a home for $800, a double bedroom in a 1200 sq ft home. The same home in 2024 is now $2200. Just imagine if you had bought a home in 2013.

2. I purchased a home for $350,000 in 2017 with a 4.25% interest rate, around $2500 per month, including taxes, for a 2400 sq ft home. Currently, I am renting this home for $3400, with a positive cash flow of $1200, along with appreciation every year. I made a 5% down payment of $17,500. My total investment is $17,500, and the current home value is $650,000. If I sell the home now, the profit is $250,000, tax-free.

Now, let's consider renting. I rented a 2-bedroom apartment for $1500, saving $1000 every month. I invested $1000 in the stock market with a 7% return. After 5 years, I would have $65,801.24. Out of $65,801.24, $60,000 is my investment, and $5,000 is profit.

I own three homes and rent out two, both of which generate positive cash flow.

Now, let's discuss the current situation. I secured a home in November 2023, with the closing scheduled for February, receiving a $150,000 discount. With news of interest rates dropping, buyers are showing interest, and builders have ceased offering incentives, selling the same home back for $850,000. I now have $150,000 in cash equity in the home and am also converting the third home into a rental property with positive cash flow.

Perhaps the fourth home may not generate rental cash flow initially, but if interest rates drop to 5%, the mortgage and rental payments would at least be comparable.

 

Good bro .. looks like all worked in ur favor

[veerigadu]

8 minutes ago, perugu_vada said:

investment ante it is always about location, location & location

Okay. 

[mettastar]

46 minutes ago, perugu_vada said:

investment ante it is always about location, location & location

I saw one in leander and one in hutto .. new homes they bought for 400k and listed for $2k .. 

[AFDB__REBEL]

1 hour ago, RULER said:

The USA has very low inventory. If you plan to stay for 5 years, consider buying a home. If you purchase in a good location, the home will appreciate.

The US is a large country, but a significant portion of the population resides in metropolitan areas. If you wait too long, you might end up buying a home far away from the city 

For example, in the San Francisco Bay Area in 2012, people used to think that places like Livermore and Dublin were far from the city with a travel distance of around 1/2 hour. Now, these locations are priced out, and people have moved to places like Tracy and Stockton, which are 1 to 1 1/2 hours away from the city.

So, the longer you wait, the farther away from the city you might end up.

The only valuable asset you can pass on to your kids, especially if they are U.S. citizens, is a home in a prime location.

super annav brother.
chala mandi new home buyers or waiting folks dont understand this

[perugu_vada]

34 minutes ago, mettastar said:

I saw one in leander and one in hutto .. new homes they bought for 400k and listed for $2k .. 

reality is different uncle .. friend Bryson community lo 2500 sft house ni  he rented out for 2300$ .. it costs about 500k .. listing andharu chestaru .. kani povali kada ..