So when’s the housing bubble bursting?

Helico-pterFunk

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4 Dimensional

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Wifey and I decided to go back to house hunting after February. By then, our taxes should be down and paid. I’m finally getting close to not having to owe taxes at the end of each year.

2020 fucked me up financially. I owed 3k for 2020 and 4k in 2021 this year, it looks like I may owe 1.5k after doing some preliminary calculations with my last pay stubs. If you’re finding yourself owing, then you have to increase your federal withholdings. My main job is good. It’s my part time job where I’m not paying enough taxes on. I didn’t realize it until August of 2021. That’s when I increased my federal withholdings $200. If I would have corrected it at the beginning of the year, I would have got about a 2k refund. Wifey carry the child as a dependent since she makes less. We don’t file jointly.

So house hunting will resume in March. Hopefully, shit won’t be anything like last year. Shit still over priced out here, but I got to get out of this rental.
 

DC_Dude

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BGOL Investor
Wifey and I decided to go back to house hunting after February. By then, our taxes should be down and paid. I’m finally getting close to not having to owe taxes at the end of each year.

2020 fucked me up financially. I owed 3k for 2020 and 4k in 2021 this year, it looks like I may owe 1.5k after doing some preliminary calculations with my last pay stubs. If you’re finding yourself owing, then you have to increase your federal withholdings. My main job is good. It’s my part time job where I’m not paying enough taxes on. I didn’t realize it until August of 2021. That’s when I increased my federal withholdings $200. If I would have corrected it at the beginning of the year, I would have got about a 2k refund. Wifey carry the child as a dependent since she makes less. We don’t file jointly.

So house hunting will resume in March. Hopefully, shit won’t be anything like last year. Shit still over priced out here, but I got to get out of this rental.

Good luck Fam. You still looking in the GBORO area?
 

DC_Dude

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BGOL Investor
Definitely. ONLY because of where I teach at part time. I don’t want to have to commute no more than 20 to 30 minutes from the job. Those minutes matter. Lol. Right now it takes me 10 minutes.

Yeah I feel you. Those long commutes are not worth it. My first 3 years in DC, I was driving 30 min. to work and 1.5 hours to get home...Not because of distance, but traffic. I hated that shit so much, I said I will always be within a reasonable amount of time to work. I don't see how people do that everyday.
 

mrcmd187

Controversy Creates Cash
BGOL Investor
Tuesday the two new builds they built on my block the beginning of last Summer which priced started out at $450k (3br/2.5 bt) are now $150k. They put the price up on the for sale sign. Next block over there have been 12 houses with for sale signs been that way since early August. :smh:
 

Helico-pterFunk

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I honestly thought Vancouver was more expensive than that but those numbers are still crazy. I just saw a report that Manhattan median rent is $5000 and Brooklyn is $3200. Shit is a joke



I was talking to a friend from another work location. We were discussing rent, mortgages, downpayments, etc.


He's been living in an apartment for a number of years, and said he just can't bring himself to leave when he sees the amount some people are paying rent-wise ($2000 - 3000) for smaller places around the city. His apt is centrally located in Vancouver, a big place, and only $1200.


He was saying he would have gotten into the market years ago but wasn't comfortable financially. He had spent too much on grad school (but unfortunately hasn't needed that education for his current job - it's just to have in case he branches off and chooses a different career in the future). I was telling him about how I was working crazy hours back in the 2000s trying to save up for a sizable downpayment for "back then prices" (and to look at how much stuff is going for now is definitely unsettling).
 

Helico-pterFunk

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BGOL Legend
Sort of reminds me of well-built electronics from the past, compared to some of the cheap shit of the past decade or two. Stuff that seemingly lasted for ages. TVs and stereos that never had any issues.


Planned obsolescence is one thing, but there was definitely better built stuff previously.


These days there's just too many moving parts & features with electronics. Too many things that can go wrong.


Or cars which basically have a computer on board, but weak-ass plastic or whatever with the bumpers / fenders. Stuff that crumbles and offers zero protection.








 

Helico-pterFunk

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BGOL Legend
Tuesday the two new builds they built on my block the beginning of last Summer which priced started out at $450k (3br/2.5 bt) are now $150k. They put the price up on the for sale sign. Next block over there have been 12 houses with for sale signs been that way since early August. :smh:




Daaaaaamn.
 

Z MONSTER

Rising Star
BGOL Investor
Definitely. ONLY because of where I teach at part time. I don’t want to have to commute no more than 20 to 30 minutes from the job. Those minutes matter. Lol. Right now it takes me 10 minutes.
Got a homegirl who lives in Alamance County near Saxapahaw. She has a nice 25 year old house on 2 acres, but it's in the sticks.
 

Helico-pterFunk

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