So, I closed on my house today...

[DMBstandUP1984]

I'm annoyed that Aaron Rodgers house in the middle of nowhere Wisconsin is selling for the same price I bought mine 10mins outside of Boston.

[neumdogg]

Originally Posted by scrock25

https://www.zillow.com/homedetails/1...19242322_zpid/

Originally Posted by dre2142

Would be 500+ in my area

But moved up near the PA line and that would be the price

In my neighborhood, I am guessing that house would be about $1.5M

[neumdogg]

Originally Posted by UCFish

This is exactly why I was so happy to finally get out of California.....I was able to buy a 2500 square foot house on a Golf Course with a mortgage that was less than my monthly rent in Huntington Beach....Loved California but the cost of living just was not feasible.

Only feasible if you are making enough money to support it I guess.

[neumdogg]

Originally Posted by cpxc.

Rashard Mendenhall's old place

http://www.latimes.com/business/real...214-story.html

I had no idea. I literally just pulled a random Zillow posting.

[drop2d]

Originally Posted by DMBstandUP1984

I'm annoyed that Aaron Rodgers house in the middle of nowhere Wisconsin is selling for the same price I bought mine 10mins outside of Boston.

Humblebrag.

Move to NH man... you could buy a house for that that's probably twice the size of the one you're living in now.

[dre2142]

Originally Posted by DMBstandUP1984

I'm annoyed that Aaron Rodgers house in the middle of nowhere Wisconsin is selling for the same price I bought mine 10mins outside of Boston.

his house is small!! cmon rodgers. step it up!

[DMBstandUP1984]

Originally Posted by drop2d

Humblebrag.



Move to NH man... you could buy a house for that that's probably twice the size of the one you're living in now.

Haha. Yea but then my commute would suck...well I could transfer to the Manchester RO. Hmm you might be on to something.

[UCFish]

Originally Posted by neumdogg

Only feasible if you are making enough money to support it I guess.

I could not imagine a scenario where we ever would have been able to buy in California....renting started to feel like throwing away money.

Did not hurt that neither of us had to take paycut moving to Florida.

[AJF_41]

Originally Posted by DMBstandUP1984

I'm annoyed that Aaron Rodgers house in the middle of nowhere Wisconsin is selling for the same price I bought mine 10mins outside of Boston.

this makes 0 sense

[mr. testaverde]

Originally Posted by AJF_41

this makes 0 sense

Rodger's house is probably significantly bigger than DMBStandUp's, yet they cost the same. Boston housing market is pretty expensive, not San Fran level, but up there.

[DMBstandUP1984]

Originally Posted by mr. testaverde

Rodger's house is probably significantly bigger than DMBStandUp's, yet they cost the same. Boston housing market is pretty expensive, not San Fran level, but up there.

This guy gets it.

But at least I bought when I did...it's only getting worse.

[drop2d]

Originally Posted by DMBstandUP1984

Haha. Yea but then my commute would suck...well I could transfer to the Manchester RO. Hmm you might be on to something.

Lots of nice towns around Manch man.

Although, if you wait a couple more years your house will sell for over $1m probably.

[mr. testaverde]

Originally Posted by DMBstandUP1984

This guy gets it.

But at least I bought when I did...it's only getting worse.

wife's been pushing hard to sell our house on the north shore which we bought summer of 2013. its a 1200 sq ft house and i'm shocked at what we could get for it now

definitely a seller's market now but to be a buyer sucks. i looked at the price for houses in the next size up for us and i'm blown away at the costs

[DMBstandUP1984]

Originally Posted by mr. testaverde

wife's been pushing hard to sell our house on the north shore which we bought summer of 2013. its a 1200 sq ft house and i'm shocked at what we could get for it now



definitely a seller's market now but to be a buyer sucks. i looked at the price for houses in the next size up for us and i'm blown away at the costs

Yea we bought a 1700sq ft in October 2015 on the north shore. My wife has joked about us selling it already...every time she gets one of those "values in your area" emails.

[DMBstandUP1984]

Originally Posted by drop2d

Lots of nice towns around Manch man.



Although, if you wait a couple more years your house will sell for over $1m probably.

Which means everything else around me will be 2m lol

It's amazing how much people are tying to get right now, more then half end up coming off the market or taking a hit.

[drop2d]

Originally Posted by DMBstandUP1984

Yea we bought a 1700sq ft in October 2015 on the north shore. My wife has joked about us selling it already...every time she gets one of those "values in your area" emails.

40ish miles north, 1200 more sq feet, 2 acres - cost me about $100k less. Just sayin'.

[neumdogg]

LA, ladies and gentleman.

http://www.latimes.com/business/la-f...523-story.html

[justink]

bubble. COMING

[dre2142]

Originally Posted by justink

bubble. COMING

you mean a burst is coming?

Because we are in a housing bubble currently, but its just not as concerning as it was during the last big bubble.

[Climb2safety]

That very article explains why they are not in a bubble tho.

[scrock25]

Certainly not.

Not just anybody can get a loan these days - regulation has done wonders for Mortgage Banking.

[DMBstandUP1984]

I thought i heard student loans will be the next housing crisis?

[Climb2safety]

Originally Posted by DMBstandUP1984

I thought i heard student loans will be the next housing crisis?

Can't be.

What made the mortgage crisis so bad was people were literally losing their homes and it was happening systematically across the country.

Neither could be close to the same with student loans.

[dre2142]

Originally Posted by Climb2safety

That very article explains why they are not in a bubble tho.

"they" meaning LA maybe but the US overall is in a housing bubble. Not at the level we were in 2006 though. We're at about 1 percent lower (house values) than the 2006 peak, but the big difference is they arent being driven by faulty mortgages.

Its a hot topic of debate among the industry "experts". Some say we are, some say we arent. If the mortgage rates start to rise, there will be trouble.

[scrock25]

Correct, it was all about sub-prime back then... that shit is all but non-existent these days.

Rates have already started to rise, but they're still at historic lows. I work for a lender - it hasn't even started to touch originations, the market is still robust both for existing homes and new builds.

At least in my area.

[Climb2safety]

Originally Posted by dre2142

"they" meaning LA maybe but the US overall is in a housing bubble. Not at the level we were in 2006 though. We're at about 1 percent lower (house values) than the 2006 peak, but the big difference is they arent being driven by faulty mortgages.

Its a hot topic of debate among the industry "experts". Some say we are, some say we arent. If the mortgage rates start to rise, there will be trouble.

I'm one that says we're not.

Rates are definitely going to rise but we've unwinded almost all of our toxic debt so I don't think it will cause any systematic issues personally.

[JRS1386]

I don't look forward to buying a house ever. I mean I want to have my own house, but I don't look forward to mortgage payments. Really want to put a bigger dent into my student loans too before I take on more debt. Adulting is hard

[YouNeverKnow25]

mortgage debt is Actually Good

[scrock25]

Love when my man and me can talk mortgages!!

[DMBstandUP1984]

Originally Posted by YouNeverKnow25

mortgage debt is Actually Good

Agreed. The first few months it killed my credit score but after a full year of on time payments and really made a positive impact on my credit.