What to do?

[pahelwan]

For suppose housing market crash aipoi recession vachi jobs pothe mortgage etla kattali foreclose okate option? Or 6 months mortgage defer cheskune options lantivi emina untaya endi vayya ee dikkumalina situations savings anni intlo petti 20% down chesi house konte enti ee paristiti anavsaranga konna anipistundi for the first time India lo emi invest cheyakunda motham antha house mida petti kurchunna ippudu chuste house ammuthe sagam kuda ravu due to recession. Looks like everyone’s screwed.

[2020]

things will get better...don’t worry 

[Mr Mirchi]

Exact ga adhe anukunna nenu

 

ma frnd ni house konaledhu enti ante— i want to invest in india to some extent then will buy annadu.. some extent ante ikkada emanna theda jarigi house vadhili vellinaa kodho goppo india lo vunte akkada house lo kalo gango thaagi bathakochu annadu.. now he is going to buy gere when things get better here.. he invested in india to his needs.. of course okkori opinion okkola vuntavi anuko

 

market set avudhile .. dont worry

[HEROO]

Start new life in another country if screwed !!

[perugu_vada]

As long as niKu job security untundi regardless of economy ani konchem dhairyam unte worry not about ur mortgage

watever we buy we always look at return of investment, but in reality house anedi long term commitment, so once is back on track things willl be fine

ofcourse cheppinantha easy kadu le ala undatam

[Guest]

real estate ki yem kaadu le vay..aa range ki raadu

[perugu_vada]

2 minutes ago, Guest said:

real estate ki yem kaadu le vay..aa range ki raadu

Its a chain reaction kada @Guest uncle, em kadu ani ela chepagalam  

[kevinUsa]

59 minutes ago, pahelwan said:

For suppose housing market crash aipoi recession vachi jobs pothe mortgage etla kattali foreclose okate option? Or 6 months mortgage defer cheskune options lantivi emina untaya endi vayya ee dikkumalina situations savings anni intlo petti 20% down chesi house konte enti ee paristiti anavsaranga konna anipistundi for the first time India lo emi invest cheyakunda motham antha house mida petti kurchunna ippudu chuste house ammuthe sagam kuda ravu due to recession. Looks like everyone’s screwed.

Y don't u put up house for sale 

If u are so scared

[snoww]

Start building savings from now as much as you can. 

Normally it is recommended that a person have at least 6-12 months living expenses as savings in cash. 

[AFDB_Director]

6 months emergency funds pettukovali man for sure before investing. better late than never, start saving for emergency fund. cut down all expenses, get rid of luxury cars, eat home cooked meals and save, save, save! We are grown men, we will have to wither all adversities!

real estate long term investment, eventually the prices will go up. there is a shortage of housing, so prices will go up in due time. 

[Guest]

5 minutes ago, perugu_vada said:

Its a chain reaction kada @Guest uncle, em kadu ani ela chepagalam  

economy is good condition ankul..service industry is getting affected with this..real estate effect untadi kaani antha drastic undadu like 2008..inka idi itlage oka 6 months paina contain kaakunda continue aythe inka cheppalem

[Guest]

4 minutes ago, AFDB_Director said:

6 months emergency funds pettukovali man for sure before investing. better late than never, start saving for emergency fund. cut down all expenses, get rid of luxury cars, eat home cooked meals and save, save, save! We are grown men, we will have to wither all adversities!

real estate long term investment, eventually the prices will go up. there is a shortage of housing, so prices will go up in due time. 

its not about prices going down..job pothe mortgage kattaleru ani..yea savings undale..i believe mortgage kattaleni situation vasthe fed will step in and give few months time to avoid foreclosures...fore closures start aythe mothanike bokka avuddi..fed learnt its lesson last time

[AasaDosa]

1 hour ago, pahelwan said:

For suppose housing market crash aipoi recession vachi jobs pothe mortgage etla kattali foreclose okate option? Or 6 months mortgage defer cheskune options lantivi emina untaya endi vayya ee dikkumalina situations savings anni intlo petti 20% down chesi house konte enti ee paristiti anavsaranga konna anipistundi for the first time India lo emi invest cheyakunda motham antha house mida petti kurchunna ippudu chuste house ammuthe sagam kuda ravu due to recession. Looks like everyone’s screwed.

First save yourself from corona

[Iriswest]

1 hour ago, Guest said:

its not about prices going down..job pothe mortgage kattaleru ani..yea savings undale..i believe mortgage kattaleni situation vasthe fed will step in and give few months time to avoid foreclosures...fore closures start aythe mothanike bokka avuddi..fed learnt its lesson last time

Loan modification ane program untundi for every lending company. Job losses or deaths valla if you cannot keep up with payments they will give an option of forbearance (delay payments for few months without interest) or reducing your mortgage by some percent to help you out. Since foreclosures is an expensive process even for the company, they try to write off some of your loan amount. It will be a case bu case evaluation though.

[Mr Mirchi]

1 hour ago, snoww said:

Start building savings from now as much as you can. 

Normally it is recommended that a person have at least 6-12 months living expenses as savings in cash. 

Cash ante bank lone deposits yega