Loan Interest rates

[pandu123b]

2 minutes ago, Captain_nd_Coke said:

If both work or double gigs, the money you save on state tax covers the property tax...

yes, i agree.

as per my calculation, if your TC > 350 k. it will be brake even

[JambaKrantu]

Rents kooda too much perigipoyaay.. Friend bought a house for 680k in 2020. Wanted to sell before relocating to India in 2020 but because of Covid couldn't sell which was very lucky for him. Now the home is valued at 950k and he is renting it for 4500 per month. 3000 per month rent ante too much unde ippudu 4500 anna kooda immediately renting. My townhome used to rent for 2100 to 2200 per month in Alpharetta now one tenant is vacating and I am getting multiple requests at 3000 per month..

[Vaampire]

3 minutes ago, JambaKrantu said:

Rents kooda too much perigipoyaay.. Friend bought a house for 680k in 2020. Wanted to sell before relocating to India in 2020 but because of Covid couldn't sell which was very lucky for him. Now the home is valued at 950k and he is renting it for 4500 per month. 3000 per month rent ante too much unde ippudu 4500 anna kooda immediately renting. My townhome used to rent for 2100 to 2200 per month in Alpharetta now one tenant is vacating and I am getting multiple requests at 3000 per month..

1million home ki 4.5k rent aa? Ekkada bhayya?

for 4.5k, u can rent a home in palo alto/mountain view where homes cost 4m

[Captain_nd_Coke]

5 minutes ago, pandu123b said:

yes, i agree.

as per my calculation, if your TC > 350 k. it will be brake even

Other way to think, other states like nj ny ca, state income tax to patu property taxes kuda pay cheyali... aa calculations to when i researched,  two salaries negates tx prop taxes is what i figured, but i passed on tx and called tn my new state

[Captain_nd_Coke]

1 minute ago, Vaampire said:

1million home ki 4.5k rent aa? Ekkada bhayya?

for 4.5k, u can rent a home in palo alto/mountain view where homes cost 4m

Yoo... cupertino lo 2 mill homes ke 4500 rents unnai, inka palo alto lo kuda same ante i cant blv ya.. 

[Vaampire]

1 minute ago, Captain_nd_Coke said:

Yoo... cupertino lo 2 mill homes ke 4500 rents unnai, inka palo alto lo kuda same ante i cant blv ya.. 

4500-5000 ki rent ki dorukuthayi. But neeku telisey untadhi patha homes. Vaati value mathram 3-5m easy. I know few people renting in palo alto

[Vaampire]

18 minutes ago, pandu123b said:

@Vaampirebro , nee anta knowledge ledu, but, my analysis is specific to Texas area with High Property Tax here.

just calculate 2.5 to 3% on 600k -1 M houses

2.5-3% property tax. 3% interest rate. Motham kalipi 6%. YeArly 10% avge vesukovachu appreciation. Plus saving on rent

[Captain_nd_Coke]

Just now, Vaampire said:

4500-5000 ki rent ki dorukuthayi. But neeku telisey untadhi patha homes. Vaati value mathram 3-5m easy. I know few people renting in palo alto

Used to live there till '18... ya might be true.. but takkuve anali...

Ikkada nashville lo ne 3k untunnai 1.2 mill homes ala...so anduke was shocked to see such amounts for 4mill homes

[pandu123b]

7 minutes ago, Vaampire said:

2.5-3% property tax. 3% interest rate. Motham kalipi 6%. YeArly 10% avge vesukovachu appreciation. Plus saving on rent

so, as per you, house value double in 10 years and three times in 30 years.

which is not practical,i think.

Another great thing with Texas is Appraisal value increase every year if house value increases 😀

[Vaampire]

13 minutes ago, pandu123b said:

so, as per you, house value double in 10 years and three times in 30 years.

which is not practical,i think.

Another great thing with Texas is Appraisal value increase every year if house value increases 😀

Hmmm. I bought a home in 2013 dec and sold last year. 200% gain. It increased by another 500k since i sold. Offcourse some of it can be attributed to pandemic/inflation 

[pandu123b]

8 minutes ago, Vaampire said:

Hmmm. I bought a home in 2013 dec and sold last year. 200% gain. It increased by another 500k since i sold. Offcourse some of it can be attributed to pandemic/inflation 

one genuine question bro..

why is it increased so much in last 3 years??

[Vaampire]

1 minute ago, pandu123b said:

one genuine question bro..

why is it increased so much in last 3 years??

Pandemic wfh situation. Plus low inventory of homes. Plus low interest rates. Plus supply chain issues. Plus inflation 

[JambaKrantu]

47 minutes ago, Vaampire said:

1million home ki 4.5k rent aa? Ekkada bhayya?

for 4.5k, u can rent a home in palo alto/mountain view where homes cost 4m

In Alpharetta, already rented also, off course these are not CA shitty old homes that look run down.. These are nice recent builds that probably will sell for 4M in CA, 1M in GA..

[Marsmangalodu]

1 hour ago, RajaNarthaki said:

2021 lo okadu 425K ki 1998 built home koni 1 year lo chinna renovations like floor update, kitchen, redone pool chesi 635 ki ammadu. ikkada badhapadalsina vishayam entante , nenu daaniki earnest money ichi irukkunna 6K. This is in Phoenix.

pothe poindi ani back out avvala leka wait cheyala ani ardam kavatledu

5% interest eskunna double my current rent including P&I, HOA, PMI, Home insurance vastondi. deenemma jeevitham

is it in deer valley bro..planning to move to phoenix in few months

[Swatkat]

19 minutes ago, JambaKrantu said:

In Alpharetta, already rented also, off course these are not CA shitty old homes that look run down.. These are nice recent builds that probably will sell for 4M in CA, 1M in GA..

Super bro