EPTHistorically the trend is actually the opposite of what the republicans are saying though.
wikigraph
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biology]major
United States2253 Posts
Historically the trend is actually the opposite of what the republicans are saying though. wikigraph | ||
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xDaunt
United States17988 Posts
On April 27 2017 04:46 ShoCkeyy wrote: Should I buy another house now or later?... I've been debating this for the past few months since down payments are ridiculously low at the moment. That's the real question... What would you buy it for? Investment or a new residence? What market are you in? Would you be able to avoid mortgage insurance? I'm in Denver, which is an utterly insane housing market right now. I've owned a home for about 8 years and just went under contract to buy a new one (we're pulling equity out of the old one to help with the down payment). The new house will be the new residence and the old home will be a rental. My thought is that, given the fundamentals of the Denver housing market, renting a house in Denver is about as safe as an investment as can be made. Tons of people are moving here and builders are struggling to keep up, resulting in large appreciations in home values. | ||
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GreenHorizons
United States23930 Posts
Michael Slager can't remember the account he gave during an interview in which he's accused of lying about Walter Scott's shooting death, the former North Charleston policeman testified Monday. A federal judge in the civil rights case had told Slager last week to review documentation of his interview with the State Law Enforcement Division to refresh his memory. But Slager said Monday that his attorney had told him not to. Prosecutors quizzed him on crucial details anyway. They asked whether he remembered saying that he fired his pistol as Scott was coming at him, but Slager said he couldn't recall his answers from two years ago. Unlike the shooting itself, Slager's interview was not recorded. "My mind was fuzzy," he said of his comprehension in the time after the April 2015 shooting. "I don't remember everything. ... I went through a traumatic experience." Source This guy still isn't in prison. | ||
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Trainrunnef
United States601 Posts
On April 27 2017 04:51 On_Slaught wrote: Yay! Trickle down poverty.. er economics, is back! All hail the incoming 5% jump in national economic growth (lol) and massive wealth increase! Well, unless you're poor, middle class, or upper middle class. The only question is do we watch the Republicans pass this and wait for it to inevitably fail and cause the suffering of millions or will the infighting cause another abortion mid legislative process. My gut tells me the freedom caucus will balk at this just based on the effects to the defecit alone, but who knows... | ||
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Trainrunnef
United States601 Posts
On April 27 2017 05:35 xDaunt wrote: What would you buy it for? Investment or a new residence? What market are you in? Would you be able to avoid mortgage insurance? I'm in Denver, which is an utterly insane housing market right now. I've owned a home for about 8 years and just went under contract to buy a new one (we're pulling equity out of the old one to help with the down payment). The new house will be the new residence and the old home will be a rental. My thought is that, given the fundamentals of the Denver housing market, renting a house in Denver is about as safe as an investment as can be made. Tons of people are moving here and builders are struggling to keep up, resulting in large appreciations in home values. There's a bunch of markets that are relatively immune to the effects of the overall national housing market, NYC, parts of LA, and other large cities among them. Just be careful that whatever area you are in doesn't get overbuilt, which is always a possibility, also, keep an eye out on the demographics of the location of the rental property. If trends start showing stagnating or falling incomes, that will be a big red flag for you to pull out before the housing market starts to react (this should be looked at through an extremely local lens). EDIT: obviously not all neighborhoods will have this data available, but most suburban neighborhoods near large cities will have it. | ||
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Danglars
United States12133 Posts
On April 27 2017 05:35 xDaunt wrote: What would you buy it for? Investment or a new residence? What market are you in? Would you be able to avoid mortgage insurance? I'm in Denver, which is an utterly insane housing market right now. I've owned a home for about 8 years and just went under contract to buy a new one (we're pulling equity out of the old one to help with the down payment). The new house will be the new residence and the old home will be a rental. My thought is that, given the fundamentals of the Denver housing market, renting a house in Denver is about as safe as an investment as can be made. Tons of people are moving here and builders are struggling to keep up, resulting in large appreciations in home values. California will keep sending people over. The sad part is I think we've been shipping too much of the same political nonsense with them that will not do much for the long-term health of the state. This is just from what I've been hearing, backed up by the red into purple and purple to blue decade-long trend. | ||
KwarK
United States43967 Posts
On April 27 2017 05:43 Trainrunnef wrote: My gut tells me the freedom caucus will balk at this just based on the effects to the defecit alone, but who knows... On the one hand there is no way in hell Trump does any of what he's promised to do with a balanced budget, let alone paying off the entire deficit in 8 years (his campaign pledge). On the other, it's not like Republicans have ever actually shown any interest in having a balanced budget when they're in power. | ||
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Mysticesper
United States1183 Posts
On April 27 2017 05:35 xDaunt wrote: What would you buy it for? Investment or a new residence? What market are you in? Would you be able to avoid mortgage insurance? I'm in Denver, which is an utterly insane housing market right now. I've owned a home for about 8 years and just went under contract to buy a new one (we're pulling equity out of the old one to help with the down payment). The new house will be the new residence and the old home will be a rental. My thought is that, given the fundamentals of the Denver housing market, renting a house in Denver is about as safe as an investment as can be made. Tons of people are moving here and builders are struggling to keep up, resulting in large appreciations in home values. I'm in Fort Collins, and I somehow pulled together a strategy to buy a house, and my mortgage on a 300k house (20% down) is substantially less than rent. It's pretty crazy out here. One coworker is moving into one of the new apartment buildings in old town and her studio is 1450/month all included except for electric and I dunno if she put parking costs in that too. In the 8 months I've owned this house, two other similar houses in the neighborhood have gone under contract for 310 and 315, and being the fact that they went under contract within a week, it's likely over list price. More or less a 1970s classic ranch house, so they are very fluid in terms of market for young professionals and retirees looking to downsize. It's pretty silly what some people are asking for houses.. and they go under contract near / above list: https://www.coloproperty.com/listing/details/1116607 https://www.coloproperty.com/listing/details/1113721 546 sqft for 300k On April 27 2017 05:58 Danglars wrote: California will keep sending people over. The sad part is I think we've been shipping too much of the same political nonsense with them that will not do much for the long-term health of the state. This is just from what I've been hearing, backed up by the red into purple and purple to blue decade-long trend. I'm hoping since Cali finally got weed legalized that it will curb some of it. | ||
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xDaunt
United States17988 Posts
On April 27 2017 06:10 Mysticesper wrote: I'm in Fort Collins, and I somehow pulled together a strategy to buy a house, and my mortgage on a 300k house (20% down) is substantially less than rent. It's pretty crazy out here. One coworker is moving into one of the new apartment buildings in old town and her studio is 1450/month all included except for electric and I dunno if she put parking costs in that too. In the 8 months I've owned this house, two other similar houses in the neighborhood have gone under contract for 310 and 315, and being the fact that they went under contract within a week, it's likely over list price. More or less a 1970s classic ranch house, so they are very fluid in terms of market for young professionals and retirees looking to downsize. It's pretty silly what some people are asking for houses.. and they go under contract near / above list: https://www.coloproperty.com/listing/details/1116607 https://www.coloproperty.com/listing/details/1113721 546 sqft for 300k I'm hoping since Cali finally got weed legalized that it will curb some of it. Yeah, I really feel bad for renters. They're getting absolutely hosed in the Front Range market. Not only are they stuck paying substantially more in rent than homeowners do for their monthly mortgage payments and associated ownership costs, but they they've been eating 10-15% increases in rental payments for each of the past few years. | ||
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Mysticesper
United States1183 Posts
But I was able to cancel my lease and get it leased out almost immediately, so I wasn't stuck with it, since there is a severe shortage of 1 bedroom/studio apartments, apparently. I know part of the problem is the condo laws in Colorado as they currently stand cause of litigation, but existing condos (and townhomes) still go for 200-250 w/ a 200/mo+ HOA, and their values really aren't increasing at the same rate as detached dwellings, and the high HOA fees put a dent in the relative affordability of a condo. CSU student condos (location) are at the upper end of the 100s. But yeah, the market is so busy that one of our clients for a $50m apartment complex struggled to get GCs to bid on the project because they are all too busy, and for the GCs who were able to, the subcontractors are just swamped, and didn't want to look at anything less than near 100% CDs cause it wasn't worth their time. Conversely small projects are getting hosed because all of the GCs are chasing big projects that small projects end up costing a lot more. | ||
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LegalLord
United States13779 Posts
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Doodsmack
United States7224 Posts
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Doodsmack
United States7224 Posts
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zlefin
United States7689 Posts
it's too bad people don't vote against politicians for spouting off BS. | ||
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pmh
1416 Posts
On April 27 2017 04:46 ShoCkeyy wrote: Should I buy another house now or later?... I've been debating this for the past few months since down payments are ridiculously low at the moment. That's the real question... The usa housing market I don't know that well but I would guess it is probably not near a peak yet, even though there are signs of a bubble starting. A bubble can grow and last for a long time before it pops. You have to take into account though that interest rates might go up. The down payment is kinda irrelevant I think. | ||
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ShoCkeyy
7815 Posts
On April 27 2017 05:35 xDaunt wrote: What would you buy it for? Investment or a new residence? What market are you in? Would you be able to avoid mortgage insurance? I'm in Denver, which is an utterly insane housing market right now. I've owned a home for about 8 years and just went under contract to buy a new one (we're pulling equity out of the old one to help with the down payment). The new house will be the new residence and the old home will be a rental. My thought is that, given the fundamentals of the Denver housing market, renting a house in Denver is about as safe as an investment as can be made. Tons of people are moving here and builders are struggling to keep up, resulting in large appreciations in home values. It's an investment, I currently own a house in Miami, and was looking to rent this one out while I invest in a new one to eventually rent out in the future. One of my current locations to look for was in Denver because not just Californians are moving there, but a ton of people from Miami too, which helps because at least I'd know others. I'm just scared of buying a house at a set price above 250k and then get fucked years down the road when I could of probably purchased at 150k. As for mortgage insurance, most likely not. | ||
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{CC}StealthBlue
United States41117 Posts
Republican National Committee chair Ronna Romney McDaniel on Wednesday said that voters will hold the GOP accountable in the 2018 midterm elections if President Donald Trump fails to keep one of his most consistent campaign promises and build a wall on the U.S. border with Mexico. “Let’s talk about the wall, because it was a little confusing yesterday,” conservative talk radio host Laura Ingraham asked McDaniel in an interview flagged by CNN’s KFILE. Ingraham cited an interview Tuesday in which Mick Mulvaney, the director of the Office of Management and Budget, said that Trump would be willing to sign a temporary funding measure that did not include funding for his proposed wall. “But the President comes out yesterday and says there’s going to be a wall,” she said. “So what is the RNC doing specifically to push the Trump agenda and help it get traction in Congress?” “I know that our voters are going to hold us accountable in 2018 if we do not keep the campaign promises that were made,” McDaniel replied. “That wall was, that promise is just something, that’s not something there’s a lot of wiggle room on, or any wiggle room,” Ingraham said. “That thing doesn’t get built for whatever reason, and I can see the campaign commercials already being cut.” McDaniel said that members of Congress who don’t vote to advance Trump’s agenda will “lose the trust of our base.” “If we don’t keep our promises, our base is going to walk away,” she said. “They’re going to feel like, ‘Hey, you said one thing on the campaign trail to get elected and you didn’t act on it.'” Source | ||
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biology]major
United States2253 Posts
On April 27 2017 08:01 zlefin wrote: I wish we could imprison/punish politicians for spouting off BS; then we could remove all the bad ones and be left with the oh, 3 or so, who aren't trash. just watching a bit of cspan and watching the utter nonsense some of the house republicans are spewing. it's too bad people don't vote against politicians for spouting off BS. One man's BS is another man's gospel. That's the result of partisanship and ideology | ||
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zlefin
United States7689 Posts
On April 27 2017 09:46 biology]major wrote: One man's BS is another man's gospel. That's the result of partisanship and ideology some of it is just plain BS though, from most perspectives (including the perspective of actual reality which matters most). and yes, it is indeed the result of idiocy. | ||
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{CC}StealthBlue
United States41117 Posts
With just two days left to stop a partial shutdown of the federal government, the Trump administration on Wednesday removed another major sticking point in the spending bill negotiations. The White House told lawmakers it will not cut off federal subsidies that help low-income Americans pay for health insurance under the Affordable Care Act, at least for now, an administration official and congressional sources confirm to NPR. Democrats sought to have the federal payment — known as a cost-sharing reduction, or CSR — included in the spending package. This second spending bill concession by the White House makes the specter of a shutdown unlikely. Earlier this week, President Trump backed off his demand that any funding bill Congress passes provide a down payment for his long-promised wall along the U.S.-Mexico border. Democrats had for weeks signaled a lack of support for any spending bill that included money for Trump's pet project. Democratic leaders in the House and Senate welcomed the new developments. "Our major concerns in these negotiations have been about funding for the wall and uncertainty about the CSR payments crucial to the stability of the marketplaces under the Affordable Care Act. We've now made progress on both of these fronts," House Minority Leader Nancy Pelosi said in a statement. An aide to Pelosi says she spoke twice Wednesday with White House Chief of Staff Reince Preibus as negotiations over a spending bill continued. Senate Minority Leader Chuck Schumer, in a statement, said of President Trump dropping his health care threat, "Like the withdrawal of money for the wall, this decision brings us closer to a bipartisan agreement to fund the government and is good news for the American people." Negotiators in the House and Senate are working ahead of a Friday deadline to reach a spending deal to avoid a government shutdown and fully fund federal departments and agencies through the end of the current fiscal year in September. They could seek a one- or two-week extension, which would allow lawmakers time to reach a more solid deal. Source | ||
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