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Joined: Aug 2009
Posts: 3,025
Campfire Tracker
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Campfire Tracker
Joined: Aug 2009
Posts: 3,025 |
Can you spell NY'er?
They sell their place in NY for $750k-1M. $500-750k in FL? No big deal.
1000+ NY'ers a day coming across FL's GA/FL state line. They're not stopping in GA like they were. GA going too blue.
Real estate markets are by NEIGHBORHOOD in FL now. I heard a small rumor once that the rich California folks may someday also think of moving out. Places like Montana, Idaho, Jackson Hole. But I am sure it ain't true. not a rumor.....lot of texas plates this year also....bob
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Joined: Jan 2019
Posts: 3,398
Campfire Tracker
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Campfire Tracker
Joined: Jan 2019
Posts: 3,398 |
CashisKing,
"There simply are too many ticks living on the hound-dog... for the hound-dog to make it."
I have stolt that from you.
That's the root of a lot of our troubles now and in the future.
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Joined: Feb 2013
Posts: 21,642
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,642 |
I ain't never seen no Californya license plate in West Virginny. Tain't none of my neighbors nether... ![[Linked Image from i.postimg.cc]](https://i.postimg.cc/GhSMyRBP/200-precent-WV.jpg) But... they remain hopeful.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Jul 2010
Posts: 8,459
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2010
Posts: 8,459 |
Yeah, I know Fl & Tx are hot markets. I do a lot of business from companies in FL.
I am in Northwest Indiana , a lot of people fleeing to Indiana.
However, that market has cooled.
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Joined: Oct 2012
Posts: 5,092
Campfire Tracker
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Campfire Tracker
Joined: Oct 2012
Posts: 5,092 |
Cool, I guess? If you're paying cash.
If you take a 30 year mortgage out, random figures;
2020 $400,000 2.9% = $1665 per month
20% decrease in value $320,000 @ 7.5% = $2237 month
Winning?
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Joined: Feb 2013
Posts: 21,642
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,642 |
Cool, I guess? If you're paying cash.
If you take a 30 year mortgage out, random figures;
2020 $400,000 2.9% = $1,665 per month
20% decrease in value $320,000 @ 7.5% = $2237 month
Winning? Thank God!!! Someone that actually does math... Bless you! $400,000 @ 2.9% = $1,665 per month 20% decrease in value $320,000 @ 7.5% = $2,237 per month ------------------------------ $400,000 @ 7.5% = $2,797 per month 20% increase... $500,000 @ 7.5% = $3,496 month --------------------------- Now try that with 12.5% interest... 20% decrease in value $320,000 @ 12.5% = $3,415 per month $400,000 @ 12.5% = $4,296 per month 20% increase... $500,000 @ 12.5% = $5,336 month Powell will keep going until the blood is flowing... O'Biden will issue more free money and... Powell will keep going until the blood is flowing... EVEN MORE.
Last edited by CashisKing; 09/24/22. Reason: Math typos...
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Oct 2012
Posts: 5,092
Campfire Tracker
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Campfire Tracker
Joined: Oct 2012
Posts: 5,092 |
Cool, I guess? If you're paying cash.
If you take a 30 year mortgage out, random figures;
2020 $400,000 2.9% = $1,665 per month
20% decrease in value $320,000 @ 7.5% = $2237 month
Winning? Thank God!!! Someone that actually does math... Bless you! ![[Linked Image from i.postimg.cc]](https://i.postimg.cc/J49gS5Kw/giphy-gif-cid-ecf05e476ng941d0hc390ihue9xxy7ymagvbgqwloy0zmt0j-rid-giphy.gif)
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Joined: Dec 2013
Posts: 23,685
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,685 |
It’s going to be an inflationary recession, Powell purposefully drives up unemployment/drives wages down while the costs of goods continue to rise because the dollar pool continues to be diluted by Biden/dems continuing to print trillions in free cash give aways.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
It's going to fall.... the question is how much? I think a bunch.... or not
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Feb 2013
Posts: 21,642
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,642 |
Powell purposefully drives up unemployment/drives wages down... Wages ain't coming down... no way... no how... People won't work... Social Economics will provide a safety net. When 51% are on the .GOV teet... Game over.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Powell purposefully drives up unemployment/drives wages down... Wages ain't coming down... no way... no how... People won't work... Social Economics will provide a safety net. When 51% are on the .GOV teet... Game over. But then we are back to, the tick being bigger than the dog
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Feb 2013
Posts: 21,642
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,642 |
Powell purposefully drives up unemployment/drives wages down... Wages ain't coming down... no way... no how... People won't work... Social Economics will provide a safety net. When 51% are on the .GOV teet... Game over. But then we are back to, the tick being bigger than the dog Entonces la garrapata Venezolana matará al perro. (Translation... Then the Venezuelan tick will kill the dog.)
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Sep 2006
Posts: 23,614
Campfire Ranger
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Campfire Ranger
Joined: Sep 2006
Posts: 23,614 |
Wages ain't coming down... no way... no how...
People won't work... Social Economics will provide a safety net.
When 51% are on the .GOV teet...
Game over. Truth. Not sure what the number is right now but it has to be close to 51%. That's the Demon's plan. As for buying a house right now.............some deals but not many & no, pricing is going down & the market has been artificially high for some time anyway so definitely not the time to buy if you don't really have to. MM
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Joined: May 2015
Posts: 2,091
Campfire Regular
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Campfire Regular
Joined: May 2015
Posts: 2,091 |
There's some interesting predictions for mortgage rates next month. https://themortgagereports.com/32667/mortgage-rates-forecast-fha-va-usda-conventionalI'd be tempted to rent while waiting for a dip in rates. Renting would give you a chance to learn the local real estate market better also. What kinda place does $425,000 get ya in Arkansas, anyway? Acreage, view, newer construction, fish camp on site?
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation
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Joined: Jul 2001
Posts: 2,171
Campfire Regular
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OP
Campfire Regular
Joined: Jul 2001
Posts: 2,171 |
Erikj, the home I mentioned was built in 1999 if I remember correctly and is 3500 square feet. Very nicely built with 2 car attached garage and a separate garage. In ground pool which for us is a detraction. We have never been interested in having a pool. Mostly I figure they are costly to maintain and also take time to maintain. Well landscaped around the house and on 24 acres, most of it on a timbered hill behind the house. Other similar homes with acreage are priced higher from what we have seen. This place is near a small town which has been known as a hotbed area for druggies in the past but driving around the town we didn't see many derelict places. Plus as mentioned previously it is further from work than ideal. Still if it hasn't sold by the time we get out there we might make an offer.
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Joined: May 2015
Posts: 2,091
Campfire Regular
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Campfire Regular
Joined: May 2015
Posts: 2,091 |
Sounds like a pretty nice set up. Don't forget to research the water supply. Good luck with the entire endeavor.
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation
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Joined: Jul 2001
Posts: 2,171
Campfire Regular
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OP
Campfire Regular
Joined: Jul 2001
Posts: 2,171 |
Thanks Erikj and others for your thoughts on this topic.
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Joined: Feb 2014
Posts: 2,621
Campfire Regular
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Campfire Regular
Joined: Feb 2014
Posts: 2,621 |
Cool, I guess? If you're paying cash.
If you take a 30 year mortgage out, random figures;
2020 $400,000 2.9% = $1665 per month
20% decrease in value $320,000 @ 7.5% = $2237 month
Winning? Exactly my earlier point. Some don’t get it - many will hopefully wake up
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