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Sep 10, 2024
8:32
:55
am
Powerbait DPM
All-American
I realized over the last few days that if I'm not able to buy a home before next
July that I'll enter into a contract for a 3rd year of renting this house and I'll end up paying $100k to the rental company. That's a hard pill to swallow.
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Powerbait DPM
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Powerbait DPM studnt
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Powerbait DPM
Joined
May 29, 2015
Last login
Sep 19, 2024
Total posts
8,283 (7 FO)
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Messages
Author
Time
I realized over the last few days that if I'm not able to buy a home before next
Powerbait DPM
Sep 10, 8:32am
Depending on the cost of your home you would’ve paid down your debt by about 10k
delinquentcoug
Sep 10, 8:35am
How much would the home value have appreciated?
Doogal McCougar
Sep 10, 8:54am
Hard to say, but in Utah as soon as rates come back under 4% home prices will 🚀
delinquentcoug
Sep 10, 9:03am
Where do you live? If in Utah you’ll likely need 150k
1984coug
Sep 10, 8:36am
Not a problem. Everyone in Utah is wealthy. Median income is $300K.
gopman
Sep 10, 8:58am
Yeah, that’s where I get worried. I just opened my own office, we are covering
Powerbait DPM
Sep 10, 9:13am
Do you feel financially you’d be better off if you had bought? What’s the differ
SBB
Sep 10, 8:39am
For a slightly bigger home we are probably looking at a mortgage of $3500-4000
Powerbait DPM
Sep 10, 9:11am
I would think you’d need to add another 700-1000 per month to reflect the cost.
SBB
Sep 10, 9:31am
Yeah, I’ve previously owned a home but rented when first moving to Utah as we
Powerbait DPM
Sep 10, 9:53am
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