Illu konadam - at peak high cost

[ringa_ringa]

Manchi area and school district lo oka illu nahcindi, kani price oka 50k ekkuva anipistundi (compared to surrounding areas and bigger houses). Idi last phase aa community lo.

Down payment 10-15% pay cheyaganu. 

Recession ostundi antunaru... osthe ganaka chala taggutayi ee prices anipistundi. Kani rakapothe inka perugutayi and intha manchi community to dorakakapovochu.... 

Any insights or suggestions please!!!!

 

[Hydrockers]

Wait 1 year

[sri_sri999]

Wait 1-2 years

[WigsandThighs]

GC unte konu...or wait if u r not in rush to post house warming pics on fb and show it off 

[shaw183]

40 minutes ago, ringa_ringa said:

Manchi area and school district lo oka illu nahcindi, kani price oka 50k ekkuva anipistundi (compared to surrounding areas and bigger houses). Idi last phase aa community lo.

Down payment 10-15% pay cheyaganu. 

Recession ostundi antunaru... osthe ganaka chala taggutayi ee prices anipistundi. Kani rakapothe inka perugutayi and intha manchi community to dorakakapovochu.... 

Any insights or suggestions please!!!!

 

recession ostundi kada a 50k tagiv ani negotiate cheyi...ledante 2 yrs tarvata e offer kuda potadi ra bhai neeku ani chepu vaadiki

[CuteDesiGal]

37 minutes ago, ringa_ringa said:

Manchi area and school district lo oka illu nahcindi, kani price oka 50k ekkuva anipistundi (compared to surrounding areas and bigger houses). Idi last phase aa community lo.

Down payment 10-15% pay cheyaganu. 

Recession ostundi antunaru... osthe ganaka chala taggutayi ee prices anipistundi. Kani rakapothe inka perugutayi and intha manchi community to dorakakapovochu.... 

Any insights or suggestions please!!!!

 

Prime location ayithe recession vochina market down ayina pedha theda em undadhu bro school zone 8+ & shopping complexes other things nearby unte eppatiki aa inti rate bayamkaranga ayithe padipodhu. In case of recession max 30-50k thaggidi but after couple of yrs malli back to normal. Ex DMV area, atlanta, chicago, sfo, dallas etc lanti places lo market epudu bagane untadi based on job market

[no01]

40 minutes ago, ringa_ringa said:

Manchi area and school district lo oka illu nahcindi, kani price oka 50k ekkuva anipistundi (compared to surrounding areas and bigger houses). Idi last phase aa community lo.

Down payment 10-15% pay cheyaganu. 

Recession ostundi antunaru... osthe ganaka chala taggutayi ee prices anipistundi. Kani rakapothe inka perugutayi and intha manchi community to dorakakapovochu.... 

Any insights or suggestions please!!!!

 

which city/suburb? last phase antunnav...previous phases lo ela unde demand? like full desis konnara? 

[soodhilodaaram]

45 minutes ago, ringa_ringa said:

Manchi area and school district lo oka illu nahcindi, kani price oka 50k ekkuva anipistundi (compared to surrounding areas and bigger houses). Idi last phase aa community lo.

Down payment 10-15% pay cheyaganu. 

Recession ostundi antunaru... osthe ganaka chala taggutayi ee prices anipistundi. Kani rakapothe inka perugutayi and intha manchi community to dorakakapovochu.... 

Any insights or suggestions please!!!!

 

2015 ninchi recession antaanu unnaru..tinadam aapama.. leka povadam aapama.. illu koda ante

have a plan and budget and stick to it after buying the home

dont buy a home for which you need to pay more than 36% of salary towards mortgage.. simple.. there are some who say you can over 40%..why not 60% 

the point here is how much are you spending on housing, there are other things that need attention as well right, hence 36% is good threshold

[no01]

1st/2nd phases lo desi's baaga konnaru ante artificial boom and hype create avthundi automatic ga....so you might be late in the game by now. To know exact market value of that property is when you see houses for sale in that community...immediate ga sale aindhi ante, there is still demand + entha price ki sale aindho, ade price akkada reference point laaga theesukuntaru.

chicago lo naperville suburb lo edo community lo ilane first phase open aithe picha picha desi's konnaru.....property management started increasing lot prices for East and North faces house and then increased overall prices. last lo konnavallu paid 50 - 70K more than first few owners. oka 2 yrs tharuvatha (appatiki 90% sold out and occupied by owners), 2-3 house for sale padindhi....1st house sold in couple months for same price, but next couple house were in market for quite a bit long time and slowly prices got down.

[Kootami]

1 hour ago, ringa_ringa said:

Manchi area and school district lo oka illu nahcindi, kani price oka 50k ekkuva anipistundi (compared to surrounding areas and bigger houses). Idi last phase aa community lo.

Down payment 10-15% pay cheyaganu. 

Recession ostundi antunaru... osthe ganaka chala taggutayi ee prices anipistundi. Kani rakapothe inka perugutayi and intha manchi community to dorakakapovochu.... 

Any insights or suggestions please!!!!

 

bro , there are always building and buying real estate . inka perughtaye ani eppude konatam ane thought waste baa . buy when you are ready. 10-015 % down and 6 months rent in emergency fund untey buy the home.

[NenuEvaru]

There is serious problem with economy slowdown in multiple countries, nina dump thata kuda cheputhundey adi white house conference lo, better to wait for a year or so.

[msp_gsp]

If your job is stable and if you can afford, you can buy any time.

1) Only consider single salary

2) Please dont pay more than 36% of your monthly gross salary towards mortgage (Interest+principle+property tax+insurance). As someone said, enjoy your life and don't invest everything in housing just for the sake of your neighbor

3) Size of the house also matters.

 

[Hitman]

54 minutes ago, WigsandThighs said:

GC unte konu...or wait if u r not in rush to post house warming pics on fb and show it off 

కొత్త రూల్ ప్రకారం GC రావాలి అంటే house owners అయ్యి ఉండాల

[ringa_ringa]

1 hour ago, CuteDesiGal said:

Prime location ayithe recession vochina market down ayina pedha theda em undadhu bro school zone 8+ & shopping complexes other things nearby unte eppatiki aa inti rate bayamkaranga ayithe padipodhu. In case of recession max 30-50k thaggidi but after couple of yrs malli back to normal. Ex DMV area, atlanta, chicago, sfo, dallas etc lanti places lo market epudu bagane untadi based on job market

school zone 8+ undi but shopping complexes oka 10-15 min drive lo unnayi chala. Idi prime ani ela telustundi asalu? 

[ringa_ringa]

58 minutes ago, no01 said:

which city/suburb? last phase antunnav...previous phases lo ela unde demand? like full desis konnara? 

Previous phases pedda illulu (4-5 bed rooms), ivi chinnavi (2-3 bedrooms). Demand bane unde bro... ante ee community ye kaadu, oka 3-4 miles lo chala unnayi... anni sold out and desis kooda bagane konnaru (not like full, but bane konnaru). 

4-5 bed ippudu kooda unnayi konni around 500k, and nenu chusindi 2-3bed is ~430k