700k houses ela kontunanru ra ayya..

[rmJU72]

7 hours ago, Pandubabu said:

Intlo idharam working , we make around 250k together , a pre school kid, mortgage payment of around 2k.. 

Recent ga upgrade home ani godava started . Oka 700k home with 100k down payment tho lekka vesa..

If the interest rates don't go down , my entire life would be paying for new home unless career drastic improve aithe thappa..

Andharu million dollar homes ela kontunanru ra ayya...

Even for 600k home loan, with extra payments , you end up paying millions in interest ..

250k salary and 700k house seems reasonable if you have 20% downpayment ready already.

rent existing home, don’t sell…a locked in below 3.5% mortgage is actually an asset. assuming not an overpriced buy in 2022

[Pandubabu]

6 hours ago, Variety_Pullayya said:

nuvvu hyderabad lo villas and lands koni...ikkada dabbulu saripovatam ledu ante ela?  

Nuvvu choosava ? Clear ga cheppa kadha sir, zero properties in india, zero inheritance from India ani

[terminator_desi]

16 hours ago, Pandubabu said:

Intlo idharam working , we make around 250k together , a pre school kid, mortgage payment of around 2k.. 

Recent ga upgrade home ani godava started . Oka 700k home with 100k down payment tho lekka vesa..

If the interest rates don't go down , my entire life would be paying for new home unless career drastic improve aithe thappa..

Andharu million dollar homes ela kontunanru ra ayya...

Even for 600k home loan, with extra payments , you end up paying millions in interest ..

why entire life to pay for new home? assuming you have 100k per year savings still you can clear out loan in 6-7 years with cash.why you have to be dependent on mortgage?do you have other financial commitments?please correct me if I am wrong.

[pandugadu999]

16 hours ago, Pandubabu said:

Intlo idharam working , we make around 250k together , a pre school kid, mortgage payment of around 2k.. 

Recent ga upgrade home ani godava started . Oka 700k home with 100k down payment tho lekka vesa..

If the interest rates don't go down , my entire life would be paying for new home unless career drastic improve aithe thappa..

Andharu million dollar homes ela kontunanru ra ayya...

Even for 600k home loan, with extra payments , you end up paying millions in interest ..

aa lekka ento ikkada veyy…250k income tho 700k illu konaniki edustunnav endi va nuv..

[Kootami]

8 hours ago, rmJU72 said:

250k salary and 700k house seems reasonable if you have 20% downpayment ready already.

rent existing home, don’t sell…a locked in below 3.5% mortgage is actually an asset. assuming not an overpriced buy in 2022

Akkada Problem existing home tho kaadu , how can anybody afford 700k home without being house poor ?

[Kootami]

23 minutes ago, terminator_desi said:

why entire life to pay for new home? assuming you have 100k per year savings still you can clear out loan in 6-7 years with cash.why you have to be dependent on mortgage?do you have other financial commitments?please correct me if I am wrong.

Unna savings anni house loan clearing ke Pedithey , madyalo emanna aythey em cheyali vayya ? It's not wise to clear your home loan that early and then start saving for you retirement or etc . Urgent ga money avasarsm aythey you can't sell the house which you live in.

 

Primary home is a liability not an asset. 

[AverageDesiGuy]

If both people are working 1.2 is minimum now!

[Vaaampire]

27 minutes ago, Kootami said:

Akkada Problem existing home tho kaadu , how can anybody afford 700k home without being house poor ?

700k afford cheyyalekhPodam ok. Kaani 700k pettadam waste anukodam aithey peaks. Clearly u dont have any idea about how real estate works.

east coast lo undeveloped places lo thappa 500-700k minimum to find a home in good area. Inka schools etc conditions pettukuntey 100k ekkuva vesukovachu. Thats reality. 
 

bay area ki 60 miles dooram lo lathrope aney area lo kothaga constructions vasthunnayi. 850k avge price. Almost 20% perigindi last 3 months lo

[Telugodura456]

what is house poor ? hearing it for first time here

[CherryGaru]

6 minutes ago, Telugodura456 said:

what is house poor ? hearing it for first time here

The expressions “house poor” and “house broke” refer to the situation where homeowners have bought homes beyond their means. They end up spending all their income on repairs and expenses, forgoing vacations and discretionary spending. Instead of being your sanctuary, your home becomes your albatross.

- From google search

[Warangalbidda]

17 hours ago, Parankusam said:

na friend 5.25 interest rate ki 500K house konnadu.. with 100k salary

100k salary tho semi monthly after taxes hand ki $3.3k vasthai 500k house ki EMI 3k Kattina month motham 3k tho nadipisthunada? Day car poye kid untey 1k potadi inka insurances,car loans groceries anni 2k lo manage chesthunada🤔

[Konebhar6]

3 hours ago, Vaaampire said:

700k afford cheyyalekhPodam ok. Kaani 700k pettadam waste anukodam aithey peaks. Clearly u dont have any idea about how real estate works.

east coast lo undeveloped places lo thappa 500-700k minimum to find a home in good area. Inka schools etc conditions pettukuntey 100k ekkuva vesukovachu. Thats reality. 
 

bay area ki 60 miles dooram lo lathrope aney area lo kothaga constructions vasthunnayi. 850k avge price. Almost 20% perigindi last 3 months lo

Agree.

House prices are still crazee in Bay area. A 1650 Sq Ft home listed in Mar in San Ramon, CA for $1.2M went for $1.565M. Nothing great in the house. No upgrades. A similar house listed in Jan for $1.2M went for $1.27. See the difference in 2 months. I dont know where these prices are going but I dont see the prices dropping unless inventory increases.

[shaktimaan]

2 hours ago, Warangalbidda said:

100k salary tho semi monthly after taxes hand ki $3.3k vasthai 500k house ki EMI 3k Kattina month motham 3k tho nadipisthunada? Day car poye kid untey 1k potadi inka insurances,car loans groceries anni 2k lo manage chesthunada🤔

good example of being house poor

decent cities lo daycare expenses about $1500 and groceries for three 600-1000

[Captain_nd_Coke]

2 hours ago, Warangalbidda said:

100k salary tho semi monthly after taxes hand ki $3.3k vasthai 500k house ki EMI 3k Kattina month motham 3k tho nadipisthunada? Day car poye kid untey 1k potadi inka insurances,car loans groceries anni 2k lo manage chesthunada🤔

Ee days lo 1k day cares eeda unnai asala... 1500/1800, <2 yo kids aite above 2k a month 

[Manishican]

Not sure if RTO will cool down housing