So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Homeowner Says 2 Car Garage Won’t Fit 2 Cars
Atlanta, GA
July 2022
Atlanta, GA
July 2022
What they saying? Why only rental property?
Companies like Starbucks, chick fil a, Costco, and etc do the research for you if you are looking to buy property in an area that’s consider a good investment area for any kind of property.
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There’s so many of them here I can’t tell . Even the hood
Yeah might just be a south east thing because between DC, NC, and SC I can’t think of any hoods there is a Starbucks or atleast it maybe the hood and then 1 or 2 miles away there will be 800K homes.
Chick Fil A does it too. Its easier to get a franchise than it was in the past but they do an extensive market analysis of potential places to build. Costco also.
Seems like investing in building new apartment complex would be more beneficial to them vs overpaying for single family homes.
The institutional investors are less than 1% of the market. 40% by 2030 is highly unlikely.
Its 4 Starbucks in a small radius around me. Heck where one of the Starbucks is there are 2 other chain coffee shops right across the street. They be packed like a mofo too. Even have a Starbucks in Target near me. They was waiting there early in the mornign for them cups too. Them red cups was selling for $200 bucks locally smh. Also have a few Smoothie Kings too.
Higher salaries in those areas meaning you can charge higher rents.
BINGO-add in a good school system, very desirable areas by high income folks
I am willing to bet it's a Chick Fila near by also
Starbucks and Chic Fil A stay busy in my area
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I saw that CMC housethe other day online. That joint is FIRE
Yes the district here is real good. The district next to us ranks even higher. Then the district behind us is ok too.
On one road we have 2 Chick Fil A's. There isn't even a freaking red light between them and they both stay busy. On the opposite side of town we have a chick fil a that is a walk up one. Then like 2 to 3 lights over its another chick fil a with a Starbucks right next door to it. In between its another chick fil a that just got remodeled. This in a small suburb too.
Bro that’s like the “where to buy a home” starter pack lol
Damn DC has been the only place I’ve ever seen a walk up Chick Fila lol
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Damn FHA loans gotta pay PMI for the life of the loan? What kind of fuck shit is this?
Yeah, currently if you put down less than 10% you have to pay MIP for the life of the loan with FHA.
If you put down at least 10%, it falls off after 11 years.
It makes sense. The serious delinquency rate (over 90 days late) is 4.5 times higher with FHA than conventional.
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just refinance
Yeah, currently if you put down less than 10% you have to pay MIP for the life of the loan with FHA.
If you put down at least 10%, it falls off after 11 years.
It makes sense. The serious delinquency rate (over 90 days late) is 4.5 times higher with FHA than conventional.
Yup when the loan gets to 80% you can have it removed. It took me about 10 -11 years to get mines removed. I did put 10% down when I bought my condo in DC.
Oh, then that’s not for life of the loan as implied, that’s just standard PMI. I thought it was just PMI regardless if you had 20% equity or not. That would be insane.
It depends on when the loan was originated. There was a 12 year period where loans started during that time had their insurance drop off when they got to 78%.
FHA Loans made after 2013 have insurance for the life of the loan if you put down less than 10 percent.
- If your origination date is between July 1991 and December 2000, you cannot cancel your FHA mortgage insurance premiums. You’ll need to keep paying them for the life of the loan or refinance into a new loan.
- If you received your loan between January 2001 and June 3, 2013, your MIP will be canceled when you reach a loan-to-value ratio (LTV) of 78 percent.
- If your loan originated after June 3, 2013 and you made a down payment of at least 10 percent, your MIP will be canceled after 11 years. For down payments of less than 10 percent, you’ll have to pay MIPs until your mortgage is paid in full.
How To Remove Mortgage Insurance On FHA Loan | Bankrate
If you have an FHA loan, you might be wondering if you can remove your monthly FHA mortgage insurance premiums. Find out here.
"However cancellation of the monthly premium can only be used for active risk-based cases that have a closing date after December 31, 2000 and a case number assignment date before June 3, 2013 and meet the eligibility requirements described in Mortgagee Letter 2000-46 (with Attachment).
For mortgages with an FHA case number assignment date on or after June 3, 2013, the FHA insurance can be terminated by the servicer or holder if the mortgage is paid in full before the maturity date."
No one's talking about it because it was proposed by a liberal senator in Nebraska. She routinely proposes bills that have no chance of passing.
She proposed a bill requiring state legislators to carry out executions instead of corrections officers. Lmao!
She also proposed a bill repealing restrictions for abortion and trans care in Nebraska.