Home Owners Thread

[Future240]

Originally Posted by TheRealSy90

I'm honestly mad that there is not more protections in place to ensure families are able to buy homes and not let corporations buy them all up for investment properties. It's ridiculous. ESPECIALLY foreign companies!

Dude. I bought my house for 140K in 2016. The house next door to mine sold for 279K last year. My mortage is almost $300 more than it used to be due to my county deciding my house value is such much more. It is fucked I could not afford to buy into my own neighbor hood right now. I saw a house for sale smaller than mine with less land 2 blocks down on sale for like 320K.

Everyone loves to talk equity but even if I sold and made 200K I'd have to buy a house and could not find anything remotely near what I got for quite a bit more than I paid.

All these fucking houses being made into rentals and air b and b's.

[TheRealSy90]

It's so frustrating man. I've changed jobs 3 years ago to increase my pay, I had to move closer to said job and yeah the COL was higher but my wage increase offset it by enough that I was still taking home more money.
Since then the houses here have just rocketed up and pay has not nearly gone up even close to enough where i can't even afford to buy a house around me anymore. And they keep raising my rent every single year too.

I make more money now than I did three years ago but after bills are paid I have even less money in my pocket... Idk what to do anymore.

Originally Posted by Future240

Dude. I bought my house for 140K in 2016. The house next door to mine sold for 279K last year. My mortage is almost $300 more than it used to be due to my county deciding my house value is such much more. It is fucked I could not afford to buy into my own neighbor hood right now. I saw a house for sale smaller than mine with less land 2 blocks down on sale for like 320K.

Everyone loves to talk equity but even if I sold and made 200K I'd have to buy a house and could not find anything remotely near what I got for quite a bit more than I paid.

All these fucking houses being made into rentals and air b and b's.

[bardabe]

whelp, looks like Zilvia is back and most of us are old now lol.

Moved out of California because running my shop there was basically getting more and more difficult. came to Texas, bought house number 2 (house number 1 in California is being used by my parents since they are building their retirement home in Mexico).

not stoked to have HOA, not stoked to be in a track home / development / copy and paste ordeal. BUT after hunting for 8 months and getting outbid on pretty much everything I said screw it. One thing I did notice when buying houses was the amount of "investors" coming in hot and basically ruining chances for new home buyers. Several times, i was looking at houses in new neighborhoods where couples would show up, "these houses are cute, we will take 3" not joking or exaggerating.

Either way, long term plans are to rent this house and buy myself a nice piece of land, maybe further north closer to my machine shop in the DFW area. would really like to have my shop in an adjacent lot to my house or something of that sort. currently commuting about 40 minutes one way to the shop from home and it's not the business but had to get away from renting. the apartment i was renting went from $1,350/mo to $2400 in the matter of one year. SO while I am paying a mortgage on a home I'm not 100% stoked on, I'm not throwing my money away paying someone else's mortgage.