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| yellow heel |
 Posted: Tue Aug 02, 2005 8:32 pm Post subject: How much do you need? |
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Investing Associate
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I have never bought a house but where I'm from (Bay Area), the houses are too damn expensive. I can't get a decent house for 500k.
I can get a duplex or a condo for 500k or 600k... How much will monthly payments be? I have about 40k in savings. Can anyone give an estimate?
Thanks! |
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| Dave Rathbun |
| Posted: Wed Aug 03, 2005 8:25 am Post subject: |
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CFO
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I posted an Excel sheet that you can play with in another post
here. |
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| yellow heel |
| Posted: Wed Aug 03, 2005 12:47 pm Post subject: |
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Investing Associate
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Thank you! Very helpful as usual  |
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| cwing |
| Posted: Wed Aug 03, 2005 5:16 pm Post subject: |
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Associate
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| Nice spreadsheet thanks I didnt know about the post you made about it earlier. |
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| bigdave |
| Posted: Mon Aug 08, 2005 11:12 am Post subject: |
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Investing Sr. Associate
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500K for home that will cost a lot of MONEY!!!
Man am i glad i live in texas I jsut bought a 150K home in NICE neighborhood 1930 sq ft !!! with 2 neighborhood parks and pools. |
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| yellow heel |
| Posted: Tue Aug 09, 2005 10:41 pm Post subject: |
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Investing Associate
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Yes indeed. Bay Area sucks the fat one  |
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| pinwheel |
| Posted: Wed Sep 07, 2005 8:11 am Post subject: |
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Investing Associate
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| The DC area is awful in terms of housing prices too...its impossible to find a one bedroom condo for less than $300K if you want to live anywhere near the city and/or a metro stop! |
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| dman81 |
| Posted: Mon Jan 02, 2006 1:24 pm Post subject: |
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Investing Sr. Associate
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| pinwheel wrote: | | The DC area is awful in terms of housing prices too...its impossible to find a one bedroom condo for less than $300K if you want to live anywhere near the city and/or a metro stop! |
The Los Angeles area sucks as well. The cost for a two bedroom home is about $430,000! I have noticed though that a lot more homes are not selling as fast as they were a few months back. It's taking time! Perhaps a good indicator that the housing boom is cooling off. |
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| bigdave |
| Posted: Tue Jan 03, 2006 10:34 am Post subject: |
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Investing Sr. Associate
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| i think the housing market is starting to cool off in some areas. Just give it time... I do think the 25% year gains probably won't happen or if the do it won't be in cities that have already had the boom. |
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| sumit_3g |
| Posted: Sun Mar 19, 2006 12:13 pm Post subject: |
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New Poster
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| owing a house seems to be a liability rather than asset investing seems to reap more profit right now i live in india where real estate returns are quite high bt they have started to cool off |
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| bobis |
| Posted: Tue May 23, 2006 4:46 pm Post subject: |
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Investing Sr. Associate
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Living conditions and souroundings are probably what make the homes expensive.
Example:Arizona and texas homes although mabe exactly the same will always cost a lot less than a duplicate of that house in California or New York do to conditions and souroundings. Texas and Arizona have extreme hot and Cold seasons where as California and New York have pretty mild years but now in the 2000s the earth is totally screwed so knowone can really tell what will happen.
Anyway California or New York are two of the biggest business and Party states in the Good Old USA so Homes will always be real expensive here!!! |
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