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HokieJay
Joined: 10/08/1999
Posts: 28,841
Likes: 5,980
HokieJay
Founder

I'm not but I should extend empathy here...

...depending on where you live housing prices can be a bargain or just plain impossible. Long ago I made the difficult decision to stay in a low cost of living area instead of chasing the best jobs in high cost of living areas like Silicon Valley, Washington DC, Long Island, etc. No way of telling what could have been but I stayed in RVA and enjoy a 3500 sq ft home on a half an acre which appraises at a modest $400K. I chose to go with the current instead of swimming upstream.
Posted: 04/15/2022 at 01:09 PM ET
(In response to this post by HokieHigh)

Thread Replies (26)

Full Thread →
Mortgage rates 5 percent..the world is ending
capitals1 • 04/15/22 08:49 AM ET
In the 80's we refinanced to get DOWN to 18%**
Galenahokie • 04/16/22 08:37 AM ET
I bought my
VTUD • 04/15/22 07:41 PM ET
We need interest rates on savings to keep pace**
WestyHokie • 04/15/22 01:01 PM ET
And raises**
B777Fr8Dog • 04/15/22 05:11 PM ET
It's going to get worse before it gets better.
HokieJay • 04/15/22 12:08 PM ET
You realize that for those under the age of 35, the cost of a home is like
HokieHigh • 04/15/22 10:25 AM ET
I'm not but I should extend empathy here... ◄
HokieJay • 04/15/22 01:09 PM ET
Some of us want to live near friends and family and unfortunately they live
HokieHigh • 04/15/22 01:47 PM ET
In that case rent for now.
HokieJay • 04/15/22 02:48 PM ET
So what? Income is 500% higher too. Stop whining.**
HokieJay • 04/15/22 12:36 PM ET
Lol, that's not even remotely true**
hoosnowahokie • 04/15/22 01:39 PM ET
Is it? You must be a CEO. **
HokieHigh • 04/15/22 12:47 PM ET
Yeah, unreal how low they've been for a decade
Vienna_Hokie • 04/15/22 09:52 AM ET
My first house in 1985 in CLT was 11.75%. Everyone marveled we got one
PhotoHokieNC • 04/15/22 09:40 AM ET
Not ending, but unless you are going into Computer Science
hoosnowahokie • 04/15/22 09:25 AM ET
Not saying that's not true
RTFC • 04/15/22 09:49 AM ET
I don't know if that is much of a factor. If so, you'd expect a surplus of
jmanatVT • 04/15/22 10:08 AM ET
Those are getting torn down and new nicer/fancier homes/apartments go up
RTFC • 04/15/22 10:19 AM ET
It's hard to make a case against or defend a mythical complainer :-). I do
jmanatVT • 04/15/22 10:33 AM ET
Part of that is no one builds a 1 story
hoosnowahokie • 04/15/22 10:05 AM ET
"Just too far away" - make a sacrifice for what you want more
RTFC • 04/15/22 10:13 AM ET
Yes, generally the sacrifice is not owning a home
hoosnowahokie • 04/15/22 12:00 PM ET
Yep you need a FAANG job**
HokieForever • 04/15/22 09:27 AM ET
Home Ownership is overrated**
darnellm • 04/15/22 09:07 AM ET
8% on my first house in ‘92. Thought that was a good deal then.**
B777Fr8Dog • 04/15/22 08:50 AM ET
I was happy to assume the previous owner’s 9 1/2% mortg in 89 for my house.**
Hoakie82 • 04/15/22 04:57 PM ET