housing market

[manchulomajjiga]

7 minutes ago, manchulomajjiga said:

A formula prakaram staying in an  apartment next 3-5 years will cost you less than buying a hyped home with higher interest(which you will nt get back) and now the higher risk of less appreciation for a home from here on ! The least path of resistance for home prices from here is down ! NOT UP 

Chala mandi cheptharu you will not get the rent back ani but aparment rates around 15k per year cost chesthe interest on a 500k home will cost you around 25-30k per year in the first few years as you will be paying more towards the interest than principal in your initial tenure of loan ! 

[manchulomajjiga]

1 minute ago, manchulomajjiga said:

Chala mandi cheptharu you will not get the rent back ani but aparment rates around 15k per year cost chesthe interest on a 500k home will cost you around 25-30k per year in the first few years as you will be paying more towards the interest than principal in your initial tenure of loan ! 

In addition to that you will have higher power costs maintenance bills home insurance hoa etc etc palu rakala holes 😂

[Sonu_Patel]

1 hour ago, Karigipoyekalam said:

 

is this asset or liability now?

Liability any given day.. Its not an asset!

especially 7-8% interest rates unnae.. go for it if your monthly EMI is close enough to rent payment. 

[Guest]

13 minutes ago, BMDablu said:

only @Sonu_Patel can answer this question right

Agreed @Sonu_Patel

[Ravi860]

8 minutes ago, manchulomajjiga said:

Chala mandi cheptharu you will not get the rent back ani but aparment rates around 15k per year cost chesthe interest on a 500k home will cost you around 25-30k per year in the first few years as you will be paying more towards the interest than principal in your initial tenure of loan ! 

Apartment year motham 15k na? $1250 ki ekkada unnayi rent ki for a family. Even Nebraska lo kuda ekkuva untai. Decent apartment is 1800-2k plus easy ga.. Nenu Inka generous ga cheptunnna 

[perugu_vada]

Just now, Ravi860 said:

Apartment year motham 15k na? $1250 ki ekkada unnayi rent ki for a family. Even Nebraska lo kuda ekkuva untai. Decent apartment is 1800-2k plus easy ga 

Interest rate + property tax rendu add cheyali 

to be frank apt nunchi house ki moving ante it is an upgrade .. and it is kind of a luxury .. so one has to check if they can afford that luxury .. owning a house is no longer an alternate for saving on rents 

[Ravi860]

7 minutes ago, perugu_vada said:

Interest rate + property tax rendu add cheyali 

to be frank apt nunchi house ki moving ante it is an upgrade .. and it is kind of a luxury .. so one has to check if they can afford that luxury .. owning a house is no longer an alternate for saving on rents 

Agree in this market but rents are also increasing everywhere. Either you pay someone’s mortgage or pay double rent as your own house mortgage. 
 

paina @Sonu_Patel cheppinatlu rent amount mortgage amount offset avvalante we need 3% interest rates again 😂

[AndhraneedSCS]

Home prices are already going up. Buy it if you can 

[manchulomajjiga]

8 minutes ago, AndhraneedSCS said:

Home prices are already going up. Buy it if you can 

Its similar to a dead cat bounce concept  in a bear market for stocks ! Idhi kuda anthe it will do one more attempt to go up and then give up

[FrustratedVuncle]

49 minutes ago, manchulomajjiga said:

Chala mandi cheptharu you will not get the rent back ani but aparment rates around 15k per year cost chesthe interest on a 500k home will cost you around 25-30k per year in the first few years as you will be paying more towards the interest than principal in your initial tenure of loan ! 

Interest rate okate kadu kada, property tax, insurance kuda veiii

[sarvayogi]

1 hour ago, Ravi860 said:

Investment properties are big big risk in this market 

explain why?

 

[Ravi860]

2 minutes ago, sarvayogi said:

explain why?

 

it’s very challenging to break even with these rates and worst case scenario you can’t even sell it if we go into recession and one will be stuck with the property paying taxes and repairs. 

[sarvayogi]

own home makes sense when you can put 30-40 pc down on a 15 year loan with 3-4 APR..you pay less in interest and can pay off loan in like 8-10 years may be...

Simple calculation --

500k home and you paid say 200k in interest to clear the loan so out of your pocket you paid 700k..

Assume home value became 600k means you are still at 100k loss

You rent out for 2500/month means 30k an year...So only after first 3-4 years you are even making some profit out of it

but desi battebaaz gallaki iyanni vaddu...5 pc down chesi 2 months after moving will realize the actual costs

 

 

 

[Netflixmovieguz]

2 hours ago, praying said:

Buying a home and closing in 2 weeks 7% undi uncle apr

Gundeee dairrryyaammm sesskkoo kakaa

[manchulomajjiga]

27 minutes ago, sarvayogi said:

own home makes sense when you can put 30-40 pc down on a 15 year loan with 3-4 APR..you pay less in interest and can pay off loan in like 8-10 years may be...

Simple calculation --

500k home and you paid say 200k in interest to clear the loan so out of your pocket you paid 700k..

Assume home value became 600k means you are still at 100k loss

You rent out for 2500/month means 30k an year...So only after first 3-4 years you are even making some profit out of it

but desi battebaaz gallaki iyanni vaddu...5 pc down chesi 2 months after moving will realize the actual costs

 

 

 

Hype cheyatam lo manam firstuuu vuntamu ga