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Marcela
@laursa.eth
Tips on buying your first house (from someone that owns her non-inherited house before 30yo): - buy it as soon as you can, the earlier you buy, the earlier you finish paying - be rational, selling a house that can't be financed again is a burden - don't ever buy according to the wage you get now. calculate if you can pay it if you get unemployed for at least half an year - mortgage shouldn't be above 40% of your total income. and that would be a very high number. - houses CAN be sold, apartments CAN be sold, doesn't matter where or for how much. There's always someone looking for what you have. It just takes time to sell, sometimes months, sometimes over a year. Don't think it'll sell in a week. - remember the "ugly house in beautiful location" or "beautiful house in ugly place" dilemma? well, it's a trick. nobody who actually has a house would choose having the beautiful house in the ugly place. Neighborhood MATTERS. Sometimes more than the house itself.
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Stuart
@olystuart
Alright you convinced me, now I just a quick 1000x to come up with the down payment and closing costs 馃拃 (I wish). It's good advise tho, I'd add that fixer-uppers are almost always a lot more work than people think when they buy them. Whatever your remodel budget is, it's not enough. Also no matter how hyped the market is where it's a rush to close, DO NOT skip or skimp on the inspection. I see people paying for this later all the time and it blows my mind. (Not financial advise, not real estate advise, my personal opinion)
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Alina
@alinaferry
Bc of that last one I gave up on the idea of having the house in the US. I don鈥檛 see myself ever earning enough to be able to afford what I want where I want. Not to mention that single ppl are second class citizens here bc the only way to afford own housing is to be married
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Sardion The Crypto Cat 馃帺馃數
@sardion
Thank you for the tips! 100 $DEGEN
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Alina
@alinaferry
/microsub tip: 68 $DEGEN
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