they pull the "eminent domain" card on ya too,if you dont want to sell your house ,if they want the land your on.
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Serious Are you ready for a recession?
- Thread starter D.O.A.
- Start date
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- Tags
- doom gloom opportunity
Best life lesson my dad taught me was to not buy shit I can afford outright.
And if I can, to pay for the stuff over a few monthly fees with no extra cost rates.
But not being a homeowner myself also leaves me at the mercy of the person I'm renting from ... if they chose to drastically increase the cost of rent, I'm also fucked.
And if I can, to pay for the stuff over a few monthly fees with no extra cost rates.
But not being a homeowner myself also leaves me at the mercy of the person I'm renting from ... if they chose to drastically increase the cost of rent, I'm also fucked.
Bought a house sunmer 2021. My interest rate is 1.89 for 5 yrs. Im not worried.
I am super excited for what's to be for sale in the next few yrs though. Hopefully will be able to pick up something for cheap.
I am super excited for what's to be for sale in the next few yrs though. Hopefully will be able to pick up something for cheap.
Lapzwans
Lurker
Got my interest locked in for the next 20 years on around 2,5%, which is 1,4% lower than my initial interest when I bought the house. After the 20 years are over, I have 2 years left before I paid off the house. I also locked in my energy prices for 3 years, got around 2 years and 4 months left of cheap energy before I need to worry about that too.
But they do expect us to improve our houses to be more energy efficient, which I can't afford and I don't really know how to be prepared for the future at this point. I hope the government finally starts listening to all the people they are pushing in to financial problems, because there are a lot of people who might as well just stop working because they can't pay anyway.
But they do expect us to improve our houses to be more energy efficient, which I can't afford and I don't really know how to be prepared for the future at this point. I hope the government finally starts listening to all the people they are pushing in to financial problems, because there are a lot of people who might as well just stop working because they can't pay anyway.
Jenny
𝐉𝐫
I don't think my energy co-op offers locking in energy prices for 3 years but, be nice if they did.
Pachinko
3rd World Country Reviewer
Im trying to prepare by leaning skills to have a nice skilled labor job to then move to a red state (somewhere in the south) where there is a possibility that I could own a house and I could own whatever gun whenever I like, and defend myself unlike commiefornia, so yeah that is my plan I just don't know if it will work.
its on its way. all this bit coin stuff/digital currency and the fall of FTX a presidential election looming (itll be here before you know it) and they way the interest rates are now.
HEY WHITE NIGGERS...... YOU'RE NOT SUPPOSED TO TAKE ADVANTAGE OF YOUR FELLOW MAN.....
I KNOW I KNOW, YOU'RE TRULY A JOO AT HEART, SO WHEN THE SHTF YOU'RE FIRST TO GO
I KNOW I KNOW, YOU'RE TRULY A JOO AT HEART, SO WHEN THE SHTF YOU'RE FIRST TO GO
That money goes towards police, fire, roads and highways construction in your county, it all varies where you live.
I owner 3 homes in my lifetime. Last one gone in foreclosure back in the 2008 crisis. Have not been able to bounce back and at this point I don't have any interest to own a house. Been looking at perhaps getting a nice bus or camper, then live in different places. Wife works remotely and I can get something to do whenever we land somewhere.
oh you mean price gougers?
yea... last yr i bought a hammer for work. it was around $35. bought another one just last month. same one. FIFTY FUCKING DOLLARS!
i can almost guarantee it was made like last yr. when it was cheaper for materials. so your telling me that xtra $15 went for transportation costs?
Just cost us $25,000 to send a double B interstate, it used to be $15-18,000. Shipping container prices went through the roof too. Seen as you don't manufacturer hammers, there's no reason for the supplier to drop the price now. Only competition will do that.
Graziani
SPANKEE MC SPANK RASKOLUCCI
Do you have kids? More money to pay to your ex wife
I am ready for recession
I only want naked girls, my car and blow speed limit.
i get it. but i bet theres a wharehouse full of them hammers made a yr ago. know what i mean? all of it is just bullshit.
Yes I'm upset by less money. I like more money. Wtf world?
i aint worried at all.
you must be rich then,mata
Americans are still somewhat lucky they have 30 year fixed mortgages because of the size of their market, doesn't seem like you can get burned as much as a short term fixed rate.
$370b worth of fixed rate mortgages to end in 2023 causing pain for Aussies
Homeowners are facing a scary situation where their repayments could soar by up to 65 per cent and there are concerns they haven’t saved enough for the hikes.
This means nearly half of all new loans in 2021 which scored interest rates below 2 per cent are facing rates as high as 7.2 per cent, according to RateCity.
For a homeowner who borrowed $750,000 and had a 2 year fixed rate of 1.94 per cent – the average offer among the big fours banks 18 months ago – is facing paying $2000 or 65 per cent more per month as they are forced on to higher rates.
Their monthly repayments would also soar to $5200 if their variable cash rate is as high as 7.2 per cent.
$370b worth of fixed rate mortgages to end in 2023 causing pain for Aussies
Homeowners are facing a scary situation where their repayments could soar by up to 65 per cent and there are concerns they haven’t saved enough for the hikes.
This means nearly half of all new loans in 2021 which scored interest rates below 2 per cent are facing rates as high as 7.2 per cent, according to RateCity.
For a homeowner who borrowed $750,000 and had a 2 year fixed rate of 1.94 per cent – the average offer among the big fours banks 18 months ago – is facing paying $2000 or 65 per cent more per month as they are forced on to higher rates.
Their monthly repayments would also soar to $5200 if their variable cash rate is as high as 7.2 per cent.
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