Illu konadam - at peak high cost

[ringa_ringa]

49 minutes ago, no01 said:

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.

Ikkada kooda same situation ane cheppali. Prices went up by 50-70k. Ikkada same size kakunda, last phase lo chinna houses kattestunnaru, and pricing them lower. But 2 years back 4-5br oche cost ki ipudu 2-3br sale chestunaru!

[ringa_ringa]

50 minutes ago, Kootami said:

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.

10-15 pay chesthe inka emergency full 0 untadi... already going overboard for this price

[ringa_ringa]

31 minutes ago, msp_gsp said:

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.

 

Ila anukune 2 years nundi  waiting bro... job is stable but aa 36% antene kashtam emo.... 2 years back adi OK unde but down payment ledu... ipudu adi OK but prices went up and 40% pay cheyali 

[Bestguy]

8 minutes ago, ringa_ringa said:

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

whcih city??

[ringa_ringa]

Just now, Bestguy said:

whcih city??

detroit suburbs.... lake orion

[Simple123]

7 minutes ago, ringa_ringa said:

10-15 pay chesthe inka emergency full 0 untadi... already going overboard for this price

naku oka doubt , 20% downpayment vundi + 40K cash vuntene illu konali ante edola vundi. 

Nuvvu great vayya, 10 to 15% pay chesthe , inka em cash ledu antunnav

[Gajala frm Washington DC]

GP

[user789]

2 hours 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!!!!

 

location 

this recession might impact max 10% of housing - not more than that..

[Rabbo]

house konakmundhu , thinking about buying a house

House konaka why did i buy the house, GC vasthada adhi idhi thinking

so basically thinking , edo oka decision teeskovali

 

[vatchesa]

10 minutes ago, ringa_ringa said:

detroit suburbs.... lake orion

Akada pulte vadu kadutunadu, ave ga

[user789]

After down payment - 6 months of expenses (Saving) is must.

House Hold Income *3  should be approx > =  Total House $

 

[Quickgun_murugan]

2 hours 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!!!!

 

job chestu savings manchiguntey go for it.. ofcourse mana desis ki financial suggestion ivvalsina avasaram ledanuko... 

[user789]

25 minutes ago, ringa_ringa said:

10-15 pay chesthe inka emergency full 0 untadi... already going overboard for this price

go for house which is not expensive...

[ringa_ringa]

29 minutes ago, user789 said:

go for house which is not expensive...

aslau not expansive houses manchi school district lo levu. Rents emo perugutune unnayo every year....

[Kootami]

1 hour ago, ringa_ringa said:

10-15 pay chesthe inka emergency full 0 untadi... already going overboard for this price

then is buying necessary now