StarDestroyer.Net BBS

well, it's d-day. We sign the mortgage , close on the house and officially owe the bank $163,000 as of 1:00 this afternoon. Thats a big fucking number that rolls off my tounge about as smoothly as nails don't. Well, back to work..... Three cheers for indentured servitude!

Hoorah.

Stofsk wrote:Hoorah.

and i get out of work at 12:30 to spend the rest of the day and the holiday weekend peeling off the granny wallpaper! there will be boxes-o-beer on hand to keep my friends on the job.

Well, now's as good a time as any to buy a house, before the Fed hikes rates.

Anyway, congratulations on home ownership!

Joe wrote:Well, now's as good a time as any to buy a house, before the Fed hikes rates.

Anyway, congratulations on home ownership!

the day after i locked in at 5.00% the bank upped the 30 year rate to 5.125% and a week later it jumped up to 5.25%. I'm not to worried about the effects of intrest rate hikes on property values though. Even if the fed does start up with rate hikes, predictions here show modest increses. if rates hold steady then i could stand to make some serius equity. In the past 3 years the Southeastern New England market jumped 75%. Most of this is because Eastern Massachusets is full and Rhode Island is almost as full. People cant live in or near Boston for under $500,000 and with the commuter rail stations being built here, people are buying here and driving up real estate values something fierce.

Yaaaaaaaaay! Congrats!! Welcome to the world of horrific debt!

Well...$163,000 doesn't seem that bad for a house.

Congratulations on your new home

Congratulations. A new home is alwazs worth it. How big is it? $163, 000 would mazbe buz a small bungalow here, and mz house is like, 3000+ sq feet, and two stories high. (stupid school and it[s cheap ass kezboards...) It cost mz parents about $200, 000. It was worth a half million a little while ago when a major shortage of housing drove prices through the roof, but it[s back to about the same as we built it for.

If it were a trailer home you could just move to mexico and forget about the payments.

Congrats on the house. 5% for 30 years is an outstanding rate.
163K sounds like a steal but I know cost of living is different where you are.
If your local market stays hot you should be in good shape. The only
problem is if you want to buy "up" well, your equity does'nt help causing everyone's house is going up.

Anyway, have fun, relax, and just remember. You can paint the walls anytime you want, cause its YOURS!

Col. Crackpot wrote:well, it's d-day. We sign the mortgage , close on the house and officially owe the bank $163,000 as of 1:00 this afternoon. Thats a big fucking number that rolls off my tounge about as smoothly as nails don't. Well, back to work..... Three cheers for indentured servitude!

Ah now on to the never ending fix-a-thon. Congrats.

Knife wrote:

Col. Crackpot wrote:well, it's d-day. We sign the mortgage , close on the house and officially owe the bank $163,000 as of 1:00 this afternoon. Thats a big fucking number that rolls off my tounge about as smoothly as nails don't. Well, back to work..... Three cheers for indentured servitude!

Ah now on to the never ending fix-a-thon. Congrats.

Yeah, did ever mention the toilet, dryer, and water heater went out in the same 2 month period? Fun...fun..

TrailerParkJawa wrote:
Yeah, did ever mention the toilet, dryer, and water heater went out in the same 2 month period? Fun...fun..

Lost the waterheater, dryer, and a leak in my water main all in a couple of weeks.

The previous owner of the house I'm currently in was a weasel (and a lawyer).
About 8 different major problems we hadn't noticed, not the least of which three HUGE roof leaks.

WacoKid wrote:The previous owner of the house I'm currently in was a weasel (and a lawyer).
About 8 different major problems we hadn't noticed, not the least of which three HUGE roof leaks.

How long has it been since you bought, if the leaks were known and he did not disclose you can take them to court. Of course it might not be worth the headache.

163.. sheesh thats cheap. Around here, houses are selling for 300-500, with some places in the luxury apartment buildings going for higher. 163 would be a steal around here.

How long has it been since you bought, if the leaks were known and he did not disclose you can take them to court. Of course it might not be worth the headache.

Three years. Not worth it. Plus, he was a lawyer, and he could always claim he didn't know, blabla etc. Too much of a hassle.

Congratulations !

TrailerParkJawa wrote:Congrats on the house. 5% for 30 years is an outstanding rate.
163K sounds like a steal but I know cost of living is different where you are.
If your local market stays hot you should be in good shape. The only
problem is if you want to buy "up" well, your equity does'nt help causing everyone's house is going up.

Anyway, have fun, relax, and just remember. You can paint the walls anytime you want, cause its YOURS!

it was 173, i put $10k down, and it is one heck of a fixer-upper. I busted my ass from friday night up until 8:00 pm last night.... the wife and i got a lot done actually. we had a lot of help from parents, cousins and friends. You'd be suprised what 7 people , an electritian and $5000 can do over a long weekend. Still, it's not ready to live in yet. I have to have the hardwoods in the master bedroom and living room refinished, i need all new light fixtures for the entire house ( I yanked out all of the old ones and I now have single bulb sockets hanging from the ceiling) and in the kitchen have to build a backsplash behind the stove and sink with plywood and formica and refinish the cabinets. The other two bedrooms will have to wait until we move in. I can bang one out with new wallpaper, paint switches lights and outlets in a weekend. I can't tell you how much i'm looking forward to a relaxing day at the office... mmmm a chair to sit in.