TheJanks

TheJanks t1_iwwlcpu wrote

Reply to comment by zzyul in Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

Oh I know.

After plugging in the numbers and taking into account the market right now, I think waiting at least half a year may be smart then revisit.

The neighborhood with new construction was throwing out incentives and looking at 90% drop in home sales, this is not going to get better quickly.

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TheJanks t1_iwvvbqz wrote

Reply to comment by TheGoodKindOfPurple in Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

And that can be a fight. My current mortgage they said they knew all home values went up so I had to buy some kind of appraisal to prove to them that I still paid off 20% of the current house price. They didn’t care anymore if it’s 20% of what you paid more of what it’s worth. You gotta work to get that shit removed.

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TheJanks t1_iwvcxsq wrote

Reply to Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

I'm so tired of my daughter paying rent, I'm tempted to cosign a loan just to stop seeing money thrown away.

6.5%. ouch.

At least doing the math she can claim all the interest over $13,000 on her taxes and get a refund. $13,000 is a lot - but it's still lower than the amount of rent thrown away. Years down the road when the interest payments will be lower than a deduction, maybe the interest rate will be lower for a refinance.

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