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  • MrBurgundy
    replied
    Originally posted by varg View Post

    If I had to guess; they can't..
    Reminds me of a time one of my clients came in, who is a dentist and was explaining to me how his wife wanted a nice house. They got something at the very top of his budget and now he's living "paycheck to paycheck" with a 6k mortgage.. still driving expensive European cars....

    Crazy how so many people live like that... and by that I mean, having enough money to live comfortably, or well within your means, yet they choose financial hell.

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  • varg
    replied
    Originally posted by MrBurgundy View Post
    I literally don't know how people afford to live out here, who have bought in the last 2 years.
    If I had to guess; they can't. They're over-extended and will be in big trouble eventually, they're in a similar position to people like me but are more willing to bet on the future and are absolutely buried in debt - "house poor". This crap looks exactly like the mid 2000s to me, but it's worse because we didn't have as much of the investment property stuff going on back then. I still remember sitting in my macroeconomics class in 2007/8 listening to the old bearded prof tell us exactly what was going on and exactly how bad it was going to get and 2 years later I was a broke college kid struggling to find work and there were foreclosures everywhere and I couldn't help but remember his lectures.

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  • MrBurgundy
    replied
    Originally posted by varg View Post

    I want one so badly, I'm not even old yet and I already am starting to hate being on the ground under the car for any long period of time. Unfortunately the FL housing market has gone completely insane. My wife and I, who could have afforded what we wanted pre-covid if we wanted to blow almost all of our savings on a down payment, now have enough saved to not do that (if houses still cost what they did in 2020) but can no longer afford what we want. As a matter of fact, we would barely be able to afford the bare minimum, which for reference is not much; a 3/2 with 2 car garage and no HOA and a lot too small for building a tall garage, as opposed to a 4/3 with 2+ car garage, no HOA and land that I can build a garage tall enough for a lift and some machines on. We have some time to wait and see if the bottom falls out of this unreasonable market, but I'm not overly hopeful considering the rate at which people are flooding into our state. On that note, no HOA is a non-negotiable for me. I border on hate for these power-tripping busybody jackoffs, and I am not paying $250+/mo to be bossed around and get mediocre lawn maintenance and a community pool I'll almost never use at our next place. No, they haven't bothered me about my cars, but they have been making enemies with selective rule enforcement lately.
    Very grateful to have hoists... Sometimes if I'm busy, I'll have to do a job on the floor-- fuck that.. Props to all of you guys doing clutches and shit at home.

    Southern California is absolutely insane right now. I literally don't know how people afford to live out here, who have bought in the last 2 years.

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  • DEV0 E30
    replied
    Originally posted by Northern View Post
    garage stuffs
    There are so many options with everything, and it is a bottomless pit, looking forward to more build updates on your garage. I wish you luck and well priced additions to it haha.

    Originally posted by varg View Post

    I want one so badly, I'm not even old yet and I already am starting to hate being on the ground under the car for any long period of time. Unfortunately the FL housing market has gone completely insane. My wife and I, who could have afforded what we wanted pre-covid if we wanted to blow almost all of our savings on a down payment, now have enough saved to not do that (if houses still cost what they did in 2020) but can no longer afford what we want. As a matter of fact, we would barely be able to afford the bare minimum, which for reference is not much; a 3/2 with 2 car garage and no HOA and a lot too small for building a tall garage, as opposed to a 4/3 with 2+ car garage, no HOA and land that I can build a garage tall enough for a lift and some machines on. We have some time to wait and see if the bottom falls out of this unreasonable market, but I'm not overly hopeful considering the rate at which people are flooding into our state. On that note, no HOA is a non-negotiable for me. I border on hate for these power-tripping busybody jackoffs, and I am not paying $250+/mo to be bossed around and get mediocre lawn maintenance and a community pool I'll almost never use at our next place. No, they haven't bothered me about my cars, but they have been making enemies with selective rule enforcement lately.
    Sounds eerily similar to our market here in the valley (Phoenix and surrounding areas) but unfortunately we top the lists in every regard that is not good (inflation, home prices, people moving here, etc) It's actually kinda depressing.

    Because of schools etc, next house will probably be in an HOA area, which I'm not happy about, but that's when/if the market lets up for us to financially consider it. I hate HOAs, and like that we aren't in one now, but long term I don't want to be in our neighborhood.​

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  • varg
    replied
    Originally posted by MrBurgundy View Post
    If you're gonna have one lift, a two post is the move.
    I want one so badly, I'm not even old yet and I already am starting to hate being on the ground under the car for any long period of time. Unfortunately the FL housing market has gone completely insane. My wife and I, who could have afforded what we wanted pre-covid if we wanted to blow almost all of our savings on a down payment, now have enough saved to not do that (if houses still cost what they did in 2020) but can no longer afford what we want. As a matter of fact, we would barely be able to afford the bare minimum, which for reference is not much; a 3/2 with 2 car garage and no HOA and a lot too small for building a tall garage, as opposed to a 4/3 with 2+ car garage, no HOA and land that I can build a garage tall enough for a lift and some machines on. We have some time to wait and see if the bottom falls out of this unreasonable market, but I'm not overly hopeful considering the rate at which people are flooding into our state. On that note, no HOA is a non-negotiable for me. I border on hate for these power-tripping busybody jackoffs, and I am not paying $250+/mo to be bossed around and get mediocre lawn maintenance and a community pool I'll almost never use at our next place. No, they haven't bothered me about my cars, but they have been making enemies with selective rule enforcement lately.

    Leave a comment:

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