House Buying suggestion please

[Konebhar6]

1 minute ago, Sarfaroshi3 said:

@Konebhar6 400k house motham down chesthe

any pros or cons

Pros - It eases off a lot of tension from your mind. You don't have to worry about monthly payments. Saves a lot of money from Interest payments. A lot of stock Traders buy everything in cash. No debt. The reason is they do not know how market can go and how their bets can go. If you have means go for it.

Cons - If the home price crashes by lets say 50%, then you don't have the option to foreclose (which anyways most of us wont do). But if you only did 20% down on the house, you still have $320k to may be buy additional houses (atleast 2). You are also losing the ability to make more money  with that 320k.

Bottomline, if you have the ability to make more money than the 7% interest you have to pay for the house, do only 20%. If not just pay with cash for a worry free life esp if its your primary home.

[Sarfaroshi3]

7 minutes ago, Konebhar6 said:

Pros - It eases off a lot of tension from your mind. You don't have to worry about monthly payments. Saves a lot of money from Interest payments. A lot of stock Traders buy everything in cash. No debt. The reason is they do not know how market can go and how their bets can go. If you have means go for it.

Cons - If the home price crashes by lets say 50%, then you don't have the option to foreclose (which anyways most of us wont do). But if you only did 20% down on the house, you still have $320k to may be buy additional houses (atleast 2). You are also losing the ability to make more money  with that 320k.

Bottomline, if you have the ability to make more money than the 7% interest you have to pay for the house, do only 20%. If not just pay with cash for a worry free life esp if its your primary home.

Thanks anna down chesthe is best. prices can max go off by 20 or 30 % off not more .

down chesthe HOA and any other monthly or yearly payments

[Konebhar6]

1 minute ago, Sarfaroshi3 said:

Thanks anna down chesthe is best. prices can max go off by 20 or 30 % off not more .

down chesthe HOA and any other monthly or yearly payments

Yeh agree home prices may not go down more than 20-30% looking at inventory and demand. 

Why pay HOA yearly when you can get 5% Interest on it if you keep in bank. Its free money for you.

[ARYA]

19 hours ago, TOM_BHAYYA said:

Ante 6k at max monthly osthayannattu..

10% down chesina current apt ki just mortgage and escrow ki 3k pay cheyalsi osthadhi annai.. 

home utilities (current gas water -200$ at least)

Inka house kaaka

inka mee health insurance .. car insurance (payments if have any) gas

groceries .. internet ..phones..

min inko 2k esukunna 

nelaki aadi kadi ki avvudhhi or below 1k migulidhhi naa laaga budget padbmanabham la unna

 

em cheskuntav anna million and million of $$$$$ tho?

[veerigadu]

19 hours ago, TOM_BHAYYA said:

Ante 6k at max monthly osthayannattu..

10% down chesina current apt ki just mortgage and escrow ki 3k pay cheyalsi osthadhi annai.. 

home utilities (current gas water -200$ at least)

Inka house kaaka

inka mee health insurance .. car insurance (payments if have any) gas

groceries .. internet ..phones..

min inko 2k esukunna 

nelaki aadi kadi ki avvudhhi or below 1k migulidhhi naa laaga budget padbmanabham la unna

 

Fake fakeeerrr posts vaddhu anna pleasee…neee long weekend shopping budget is my yearly salary 

[Sarfaroshi3]

22 hours ago, Konebhar6 said:

Yeh agree home prices may not go down more than 20-30% looking at inventory and demand. 

Why pay HOA yearly when you can get 5% Interest on it if you keep in bank. Its free money for you.

how is hoa calculated anna. can 1 million house or 400k house make any big diffference in texas state for downpayment

[Konebhar6]

6 hours ago, Sarfaroshi3 said:

how is hoa calculated anna. can 1 million house or 400k house make any big diffference in texas state for downpayment

HOA is not dependent on house price. IT depends on what the HOA is covering and the prices depends on the agency maintaining it.

[Bulls_Rose]

General questionn. Asalu new build builders dagara ela kontunaru houses?

example: Maa are lo MI homes gadu oka model strat 430k but actual end upprice is 560k goppa upgrades emi undav just basic stuff. (2300 sqft)

10% booking ki kattali anta ante 56k upfront 6 months ki ili chastiki vastadi. 

Asalu ela kontuaru janalu? Asalu negotiation untada? 

Most of you already did this asalau ela handle cheyali. 

[TechSri]

On 3/22/2024 at 5:04 PM, Gundepotuu_Gummadi said:

base salary 92k and bonus 12-15%

401-4% & pension 4%

and savings 70k unayi

ma daggara house 400k undi (present rent 2b 2b 900 pay chesthuna)

e salary tho house kone dare cheyochha

pros & cons chepandi exparts.

btw family with 2kids.

 

TIA.

Pension 4% ante enti. Mee company lo pension istara? 
 

konesey if u want to experience house. 

[Sonu_Patel]

chass.. 400k home ki intha discussion pettarendi anna.. 

ma dallas and atlanta nagaralalo.. million petti home koni mingutunnaru.. 

monthly 7k-8k mortgage payment and tesla unte gaani sariga nidrapattadu ikkada janaalaki.. 

[Gundepotuu_Gummadi]

On 3/22/2024 at 5:23 PM, Pandubabu said:

old home konte paruvu podhu anukunte choodu , koncham better deals untai

Ala ame ledu bro house manchiga unte chalu

[Gundepotuu_Gummadi]

On 3/22/2024 at 5:53 PM, TOM_BHAYYA said:

Ante 6k at max monthly osthayannattu..

10% down chesina current apt ki just mortgage and escrow ki 3k pay cheyalsi osthadhi annai.. 

home utilities (current gas water -200$ at least)

Inka house kaaka

inka mee health insurance .. car insurance (payments if have any) gas

groceries .. internet ..phones..

min inko 2k esukunna 

nelaki aadi kadi ki avvudhhi or below 1k migulidhhi naa laaga budget padbmanabham la unna

 

Ha anduke bro ame cheyalo artham avatle

ika takkuvulo undi chusukovali emo

[Gundepotuu_Gummadi]

On 3/22/2024 at 6:01 PM, amazon said:

Which location?

Near des monies

[Gundepotuu_Gummadi]

On 3/22/2024 at 6:18 PM, gudboy said:

what is your plan?

 

to stay in the same place or atleast 5-10 years? will you get other opportunities in the same place if you lose the current job?

okavela illu konte are you saving anything?

do you have emergency funds?

what is your retirement plan other than 401K?

 

 

Maximum ikadane settle ayya plan undi bro

illu monte savings no idea 

70k savings

20k in 401k

[Gundepotuu_Gummadi]

On 3/22/2024 at 6:56 PM, Sarfaroshi3 said:

what is your age, visa, health problems unda, tech, and nee city. I will decide

cc @DallasBaluKarry@Skn_benami @RPG_Reloaded 

35

h11b

no major health issue 

qa lead