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Check out the big brain on Suddar!
Is 154k really that shocking? There are areas of the US with house prices much higher than that. I'm sure people in the UK would kill for that too.and Moscow.
Well I wouldn't comment on the current value of homes in relation to their prices :/
But back when home prices weren't abysmally low, 154k in Indiana would get you a heck of a lot more than 1 bed and 1 bath
So it's a little shell-shock to hear how things range in other areas
Lyinar Ka`Bael, Piney Fresh Druidess - Luclin
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Karnaj had this to say about Punky Brewster:
Consider it the price one most pay for living near a desirable area. I mean sure, if my wife and I moved some money around and saved for a few months, we could straight-up buy a house in Oklahoma...but then we'd be living in Oklahoma.
True, if you live in the extreme north or extreme south here in Indy, you're going to be paying a lot more than 154k for even the most basic of houses.
And of course a condo is always going to jack the price up. We paid 100k, but we also have a two-story with three bedrooms, two baths and a detached garage. So 154k for so little just seemed very surprising.
Lyinar Ka`Bael, Piney Fresh Druidess - Luclin
I pay $700/mth for a basement in a house in Toronto that floods, has the furnance and the front door is also my bathroom... 
And that's cheap for this area + the amount of space that I have.. Still small, but it's not a single room at least...
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nem-x is SUPER gay had this to say about pies:
I got tons of room in my new place
So we should be expecting a Delid in His Underwear a la Risky Business video to start floating around the internet?
Lyinar Ka`Bael, Piney Fresh Druidess - Luclin
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Verily, Suddar doth proclaim:
Is 154k really that shocking? There are areas of the US with house prices much higher than that. I'm sure people in the UK would kill for that too.and Moscow.
I really depends on location. In Texas, the housing is notoriously well priced. I bought a 3 bed, 2.5 bath, 2100 SQFT house for $119,900.
nem-x is SUPER gay fucked around with this message on 04-25-2009 at 10:34 AM.
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nem-x is SUPER gay had this to say about pies:
^^^ I went 35 and I'm just going to put extra on the principal if I have the spare cash at the end of the year. I only give an extra $900 in interest over the course of 5 years compared to a 25 year.
Only $900 in interest for an extra 10 years? That doesn't sound right at all. What APR are you paying exactly anyhow?
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Ghost of Forums Past had this to say about Cuba:
Only $900 in interest for an extra 10 years? That doesn't sound right at all. What APR are you paying exactly anyhow?
By the end of the loan you are paying mostly principle.
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How.... Kermitov 2.... uughhhhhh:
By the end of the loan you are paying mostly principle.
They calculate the total and divide it into even chunks. The fact that the interest is front loaded should make it worse over time, not better, because that means it has more time to accumulate.
I threw the numbers into http://www.mortgagecalculator.org/
25 years at 149000 with no additional expenses @3.7%: 79,601.95 total interest
30 Years; 97,895.79 total interest paid
35 Years: 116,940.92 total interest paid
Also, that interest rate is insanely low, even with perfect credit (and i mean REAL low). Who are you using for your lender? Are you sure that's a fixed rate? How many points? Ghost of Forums Past fucked around with this message on 04-26-2009 at 09:36 AM.
Also half of whatever goes into my savings will go into the house (since it's kind of like a long term RSP), so that will lower the interest payments quite a bit. Right now my monthly payments for my place will be around 1150 (utilities, condo fee, etc), but I'll probably be putting down 1400-1500 a month on it, so that's 250-350 that goes straight on the principal, thereby lowering the amount my interest that is taken from the mortgage every month. Not by a lot, but every month it get's a little bit lower.
