Areyyyy endhi raaa ayya eeee real estate in vomerica

[quickgun_murugun]

6 hours ago, hydusguy said:

2006 lo 600k ki konna home, 2010 lo 300k eeyindi.. but as long as you live in that house today it costs 800k.

above increase no one ever thought in their dreams about this much spike in real state.. its rare bcoz of pandemic.

same thing gc spillover ..

600k afford ipudu ok...bcoz of hone and head.. 2jobs..

 

Pandemic has brought luck to desis in US than any others …

particularly immigrantion side and work from home .. along with real estate increases 

[quickgun_murugun]

7 hours ago, JUST444FUN said:

Mari ee year or two if we rent we have to count that kada bro.

2006 lo 600k ki konna home, 2010 lo 300k eeyindi.. but as long as you live in that house today it costs 800k.

What I’m saying is if you need one house to live and if you could afford , it doesn’t matter when you buy.

Na pellam to konna illu 2 months lo ammuta aante super hurt avutadi.

 

na second house or investment purpose eeyte I don’t care.  Inka commission save cheyalanate, we have think like real estate broker.
 

inka moving aanta time and energy taking .more than money . I prefer    
peace of mind .

 

 Everyone is different.

Concur 

[DALLASPORAGADU]

19 hours ago, JUST444FUN said:

Meanwhile 2 years they pay 60k in rent and for 600k home they have to pay 40k closing cost . Inka 200k profit ki tax 30k (15%) long term gains pay chesi.. 70k net profit kosam dream home ni ammukovatam avasarama.

first home sell chesthe tax undadu dude.

desi agents tho velthe, closing cost antha undavu. Moreover in this market, for majority of homes, buyers are offering to pay for title.

[tom bhayya]

On 6/5/2021 at 5:09 PM, andhrabullet said:

Last nov sign chesina vallaki before house warming 120-150k profit vesukunnaru

last nov lo I got some offers but tenant valla ammalekapoya chaala thakkuva ammadaaniki ready aipoya naa situation bad valla but 4k daggara buyer backed out and I am glad that aa 4k kosam nenu compromise avvaledhu ani but after that I suffered much more tenant stopped paying rent 3k per month and I had to go with eviction process for 6 long months. now the value is 100k more 

[tom bhayya]

19 hours ago, JUST444FUN said:

Meanwhile 2 years they pay 60k in rent and for 600k home they have to pay 40k closing cost . Inka 200k profit ki tax 30k (15%) long term gains pay chesi.. 70k net profit kosam dream home ni ammukovatam avasarama.

if you live in that home for 2 years out of last 5 years there is no capital gains tax

[tom bhayya]

23 hours ago, JUST444FUN said:

Eanta perigite emundi bro.. living house ki.

oka sari konnaka evadu ammutadu...200k padi poina or 300k perigina no difference.

oak 10 years unnte around 300k rent save avutadi 

naaku thelisina athanu CA lo 2007 before oka home 500k ki konnadu housing bubble burst ayyaka adhi 250k ki padindhi and his loan is 400k so foreclosure chesi wife peru meedha pakka galli loney similar home 250k ki konnadu. nee loan kanna nee home value thakkuva untey endhuku unchukuntaavu?

[tom bhayya]

12 hours ago, hydusguy said:

dont bring rent..  buying a house in US is totally different then in india.

for rent there is no repair cost and also it gives peace of mind.

india lo market balekapotey atleast prices stagnant untadi, but US is not same.

easy ga 30% padochu okasari housing inventory and interest rate perigite which might take atleast 2+ years easy ga padutay.

And abt dream home.. from last 1yr people are  buying whatever they are getting in lottery or in their budget and adjust8ng i doubt its their dream home.

except tax we need to work on other costs.. example if you got gc take agent license it will save commission.

i bought house 2 months back.. they increased 100k now..  i feel these rates are exaggerated using low inventory and low interests.

low interest okkatey kaadhu low inventory because lumber is costly and labor too due to covid 

[tom bhayya]

9 hours ago, JUST444FUN said:

Mari ee year or two if we rent we have to count that kada bro.

2006 lo 600k ki konna home, 2010 lo 300k eeyindi.. but as long as you live in that house today it costs 800k.

What I’m saying is if you need one house to live and if you could afford , it doesn’t matter when you buy.

Na pellam to konna illu 2 months lo ammuta aante super hurt avutadi.

 

na second house or investment purpose eeyte I don’t care.  Inka commission save cheyalanate, we have think like real estate broker.
 

inka moving aanta time and energy taking .more than money . I prefer    
peace of mind .

 

 Everyone is different.

2010 lo adhi adhi foreclosure chesi 300k ki koni untey u will sit on 500k cash u are not smart antunna 

[tom bhayya]

1 hour ago, quickgun_murugun said:

Pandemic has brought luck to desis in US than any others …

particularly immigrantion side and work from home .. along with real estate increases 

from my peers experiences dot com bom next 2007 housing boom and next this one now are all are indicators that bubble will burst soon, last time I saw gas rates in 5$ range is 2009

[Sarvapindi]

46 minutes ago, tom bhayya said:

from my peers experiences dot com bom next 2007 housing boom and next this one now are all are indicators that bubble will burst soon, last time I saw gas rates in 5$ range is 2009

ante real state malla padipoyi rates taggutaya ba next 1,2 yrs la ..

[quickgun_murugun]

14 hours ago, tom bhayya said:

from my peers experiences dot com bom next 2007 housing boom and next this one now are all are indicators that bubble will burst soon, last time I saw gas rates in 5$ range is 2009

okay. 

Bubble burst ayina kuda andaru full ready unnaru..

how do you think this will impact someone?

 

lot of people are sitting on huge cash piles...