Message from @fuguer
Discord ID: 637797580776144908
are you gonna build the hosue with your own hands or hire people?
20%... bruh
its a lot easier to finance construction of a house
Gonna pay people
20% is a lot. I need like 40k for a 200k house
Probably just get help from family and do as much as I can by myself
i had 40k saved up when i was still in grad school
you can save it if you prioritize
I have lots of men employed in trades and construction in my family
you can get these picks from harbor freight for 99c
So I could get help easily
anyways you can do 10% purchase, just 20% is optimal
it all comes down to your local market
Yeah, I mean, 10-15% is doable
and dont let perfect become the enemy of good
Lol I'm pretty sure I was breast fed
heres the thing smoke... if housing prices go up that means you should buy
because as prices go up, if you're a renter you're fucked, if you own you're golden
everyone is born "short" a roof over their heads, its a risky position to be in
for me i was terrified of being priced out of where i grew up and forced to move
Yes... my area will be expensive eventually. I think if I were to buy here I'd buy a duplex or something, and then eventually move out of the city
yeah duplex can be great, sometimes i wish i did that
i still only have my primary house, my goal is to have an investment property
with a duplex you get both at once
yes, I wish some boomer plague would come so I could get some cheap real estate <:towelsweat:552805059042344960>
i kept waiting all through the last housing crash prices didnt drop that much
if you're in a bubbley area, far from jobs prices can crash
if you're in a rock solid area, they wont drop much
another protip, usually you can refinance 6 months after you buy your house and get a better interest rate
If you inherit a house and land would you also inherit all related debts?
they give a better rate to you on refi because you've already shown you can be trusted to pay for a few months
no
totally depends on the will
What happens to the debts?
good question, depends on the laws
I've often worried about this
I might inherit my great grandfather's house
sometimes houses are immune from debts, but only in certain places like florida