boffin
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Dad just bought a house, and he negotiated the price twice. The estate agent says he was very lucky to get the house so cheap.
If you've suffered this, sorry pal. |
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Max Power
 |
No, because I made it a home , invaluable in my eyes |
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jfcruzr
|
You think we're "idiots"?. That is pretty harsh. We are mostly common people.
Not economists, not financial forecasters, not crystal ball readers. Many of us are victims of predatory loan practices and have found ourselves in a situation we were never informed of. I was told by my mortgage broker "not too worry about the 3rd year payment increase), he would refinance my house for free'. So, I guess he was an idiot and didn't relise (sic) a crash. But now
a) we have NO equity,
b) he is out of business
c) we are facing foreclosure.
Don't add insult to injury by blaming us and calling us "idiots". Thank you. |
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Mark J
|
I thought I did, when I bought it in 1987, epecially as prices tanked soon after. however 21 years later no.
I bought the house because I wanted a house like that, it met my requirements, was close enough to where I worked and lots of other reasons.
On hindsight it was probably the smartest move I made. |
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WelshLad
 |
I bought last November, it may be possible I paid over but I don't care because I'm single and only on £14K and this was my chance to buy a house and I took it, because some prices are ridiculous even for a 1 bedroom.
Even though there was a crash, would I be able get a mortgage - probably not. |
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Michael L
|
We're pretty happy with ours, with a 15 note @ 4 3/4 and no fees, got lucky.
The only thing that i have to say with this dwn ward market. Here in Cali, people were buying homes at 600-800 the highs and making only 80g a year or less. how do you expect to pay for a mortgauge and other payments that is involved eith that kind of salerly.
Lets say there's 2 income totally about 100 g a year, uncle sam takes most. you do the math! Not the lender or banks.. Sorry that im a little open in this area. |
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acermill
 |
No, I didn't. It's worth about eight times what I paid for it when I built it thirty plus years ago. |
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Janice T
|
Actually just the opposite. I live in Oklahoma and our economy is still doing good and homes are still rising in value.
My husband and I bought our home 4.5 years ago for $80,000.00 and it appraised for $115,000.00.
Most recent appraisal is $130,000.00. So we are quite happy. |
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cheeky chappie
 |
Yep,bought a one bed flat which needs loads of dosh to tidy it up. |
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reenzz
|
Nope..no idiot's here.
I purchased 14 years ago for $135,000.00. Got a 15 year mortgage, paid $1,996.00 faithfully each month. Mortgage will be paid off this coming April. Had house recently appraised for $585,000.00. (NICE!!!)
Side note...the mortgage was so high because my property/school/town taxes are over $12000.00 a year. (Live on Long Island) |
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Jojo
|
I paid £10,000 over the asking price for my house 6 years ago because there was 4 more buyers after it and we all had to put our bids in. I was desperate to have it because it was my dream house and I was determined to get it. It was worth paying the extra and it is now worth about £100,000 more than when I bought it. |
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wisegirl74
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I have not purchase a home but they are definitely way toooooo expensive I live in San Francisco, CA |
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Gertie
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Your calling other people idiots two words for you SPELL CHECK my home was $95K 11 yrs ago the value today is $473K am I crying hell no. |
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