|
|
In article <MPG.1fe1fd93a34fa40e989dba@xxxxxxxxxxxxxxxxxxx>,
krw <krw@xxxxxxxxxx> wrote:
>In article <el91vv$8ss_003@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
>jmfbahciv@xxxxxxx says...
>> In article <MPG.1fe0b1cde390f9b6989db8@xxxxxxxxxxxxxxxxxxx>,
>> krw <krw@xxxxxxxxxx> wrote:
>> >In article <el6i2m$8qk_001@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
>> >jmfbahciv@xxxxxxx says...
>> >> In article <9857e$45761fc1$4fe7071$17377@xxxxxxxxxxxxx>,
>> >> unsettled <unsettled@xxxxxxxxxxxx> wrote:
>> >> >Lloyd Parker wrote:
>> >> <snip>
>> >>
>> >> >>>>You can be cash poor after buying a house though
>> >> >>>>and finding all the things that urgently need doing to make it
>> >> >>>>habitable.
>> >> >
>> >> >>>sure. But you aren't poor and all your "rent" is going into
>> >> >>>your real estate pocket. I didn't buy a house until I was
>> >> >>>told my rent was going up. So I went out and bought a house
>> >> >>>where the monthly payments were less than my current rent.
>> >> >
>> >> >> I betr you saved up for a down payment though.
>> >> >
>> >> >It doesn't sound like she did.
>> >
>> >The down payment on my first house was in three digits. The total
>> >closing costs, including tax escrow, was less than $5k.
>> >>
>> >> I simply don't remember. All I remembeer is that were
>> >> a lot of checks moving back and forth over that table. :-)
>> >>
>> >> > It doesn't sound as though
>> >> >buying a house was in her plans.
>> >>
>> >> It wasn't. I only bought it because the rent was cheaper.
>> >> I was more interested in getting my work done.
>> >
>> >We did the same calculation. The apartment we were living in was
>> >going condo. The red-herring price for our unit was $65K, plus
>> >$250/mo. commons fees. We bought our house for $60K. Even at a
>> >14.5% interest rate we broke even on the rent (with normal
>> >increases) within a year.
>>
>> I bought just before the intersest rates went insane.
>>
>> > A couple of years later we refinanced
>> >down to 10% then to 8%, saving a *lot* of money.
>>
>> I also made sure that I had a loan that could be paid off early
>> without penalty.
>
>It was 18% when we first started looking (June '82). It came down
>to 14.5% in September '82.
Ugh. I bought in 1977.
>
>> >> > I can say for a fact I didn't.
>> >> >I got into my first house ($50K) with $1K of my own. Let's
>> >> >just say that the seller and the realtor were both very
>> >> >motivated.
>> >>
>> >> I was very used to moving every semester from being in college.
>> >> I had no "settling down" genes like the rest of my family.
>> >> I still don't have curtains up on the windows :-). I've
>> >> just recently started "decorating" the inside of the house.
>> >
>> >It must be exciting in your neighborhood. ;-)
>>
>> They can't see the inside. I'm painting everything shiny white
>> so I can see again. I'm almost to the point where I can put
>> up JMF's blowup picture of the KI with a VT05 running SYSDPY
>> in my junk room. But first, I have to wait until the dead body stops
>> stinking.
>
>Dead body?
Yea. For some strange reason, I get a picture in my head of
large body. But it has to be a mouse. One of these days, I'm
going to figure out how the guy who lived here thought. He
built a closet but put a false floor in it along one wall of
the room. Underneath, there is probably a mouse retirement
center that had been in business over the years the guy lived
here. I don't want to tear it apart. At the moment, I'm
using moth ball strewn generously. I balls strewn in the
basement, and they appear to have been removed. Pesky rodents.
If it isn't the User Device From Hell, it's the mobile flavor.
I've been spend some time these last few weeks trying to figure
out how I'm able to estimate the size of the body from just the
smell. Intensity?
>
>> >I'm "redecorating" the entire house too, in preparation to split.
>>
>> I don't know how you can manage that. I suspect whoever gets my
>> house will just raze it and build something that isn't holey.
>
>I tore the carpet up from the second bedroom yesterday. Today is
>the upstairs hallway and stairs. Then I have some repairs to do to
>the railings. Then stain, polyurethane, and paint the walls. The
>master bedroom carpet gets torn out next week and then new
>carpeting in the upstairs. Two weeks later the entire downstairs
>gets recarpeted (gotta tear all that out and repaint inbetween).
Why are you carpeting? I never understood that because I assume
that the first thing the new female does is redecorate.
>
>> Fieldstone foundations suck.
>
>I'd never have one. Mine is 8" concrete. Even then I need to run a
>dehumidifier all summer.
The problem with fieldstone is that the mortar doesn't last.
/BAH
|
|