Damn. That's what's up. They don't have that shit in Ohio to my knowledge. Seniors good for voting against levies up here.
The U.S. Will Become A Nation of Renters
- Thread starter 850credit
- Start date
For example, here's the tax bill for a $600,000k home. After age 62, you don't pay the school tax
Jurisdictions
| Taxing Authority | 40% Assessed Value | Less Exemption | = Net Tax Value | x Millage | = Tax |
|---|---|---|---|---|---|
| SCHOOL GENERAL | 250,012 | 10,000 | 240,012 | 0.018900 | $4,536.23 |
| SCHOOL BOND | 250,012 | 0 | 250,012 | 0.000000 | $0.00 |
| COUNTY GENERAL | 250,012 | 20,000 | 230,012 | 0.008460 | $1,945.90 |
| COUNTY BOND | 250,012 | 0 | 250,012 | 0.000130 | $32.50 |
| COUNTY FIRE | 250,012 | 0 | 250,012 | 0.002860 | $715.03 |
| STATE | 250,012 | 2,000 | 248,012 | 0.000000 | $0.00 |
I don't know the neighborhoods in Greensboro, Is that in the hood? Don't be scared.Be like those other folks who put half million dollars homes in the hood.
Shoot yeah, it’s in the hood. I’m good on that with the family.
Like I mentioned before, if it was just me, then I’m all for it. But I know how my wife and daughter is, so I already know it’s a no go. Lol.
Ownership is always best.....
A quarter of a million dollars for only 1200 square ft. is insane. My place is bigger than 1200 sq feet and to me its small. It didn't cost a quarter of a million either. Seems I've got some will rewriting to do.
Are people actually buying these homes?
Hell yeah, bruh. They are totally fucking up the market over here. Makes zero sense.
Seriously, when those houses where getting built, wifey and I went to go look at them. They are brick and vinyl on the outside, and two stories. Absolutely very little lot space. When we say the square footage of the houses was only 1200 to 1400, which I think includes the garages, I could believe it. Literally no bigger than our house that we are renting which is one story and over a half acre of land.
One of my uber drivers stays in that neighborhood and told me that his house cost 265k. I could believe it.
A foreclosure home is the way to go. You can and will save thousands.
64% of millennials have regrets about buying their current home—here’s why
Nearly two-thirds of millennials say they have at least one regret about purchasing their current home, according to a new poll from Bankrate.
Nearly two-thirds, or 64%, of millennials (ages 25 to 40) say they have at least one regret about purchasing their current home, according to a new poll of more than 1,400 U.S. homeowners from Bankrate.
Only about 45% of Gen X (ages 41 to 56) and 33% of baby boomers (ages 57 to 75) reported having some type of remorse about their current home, the survey found. But overall, having some dissatisfaction is pretty common: about 43% of all homeowners have at least one regret about their home.
Yeah I renegotiated my rate as well. Houses on Long Island are going fast. One coworker told me his mother's house on LI sold in 4 days.
What's driving the costs up is that investors are buying homes to park their money and that's not something an average family can't compete with that.
"Big-dollar investors squeeze into San Antonio's tight housing market" https://www.expressnews.com/sa-inc/...vestors-squeeze-into-San-Antonio-16171835.php
"Big-dollar investors squeeze into San Antonio's tight housing market" https://www.expressnews.com/sa-inc/...vestors-squeeze-into-San-Antonio-16171835.php
Not happening. These prices are here to stay. Covid was supposed to kill home prices but that shit went crazy
My brother and his wife have been outbid on 4 houses. Not only did the winning bids offer about 15k+ over asking, but they also waived the appraisal. Which lets me know that corporations are buying these homes to park money.
They definitely are.
The best feeling I had was when my house was paid off before I got out the military. My Daughter and her husband been searching for a house at a reasonable price but the realtor been trying to get them into renting cause he claims he has more rentals inventory than house for sell unless they want to buy a new built home (starting price 150K for a 2 to 3 bedroom)
Out here houses are going for 100-300k over asking all cash. I saw some family bought the sellers a Range Rover . Shits dumb
You not including the tax write off on the interest payments on the mortgage.
That's pretty cool...not sure if that is the norm.
In my neighborhood house run $300,000 & up when one comes up for sale it’s bought & rented out so the neighborhood that I been in 14 yrs is slowly changing more renters & I might have to move but it’s happening all over so ...
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land period
Rent? Bitch, not me!
How do you buy a home with a tax lien?
Isnt that a good thing for you?
Yeah, but not his property taxes. Our house has doubled in value in the last 5 years, and trust me, the tax man is LOVING it!
Good and Bad. Property taxes in my county are pretty high but im prepared for it.
The low inventory and price of lumber got these home prices going crazy
Shidddd.... KillaMayne and company...got moe bread than..ever... thanks to the pandemic... brah
@tallblacknyc
@tallblacknyc
Long Island houses are selling real quick. Its hard trying g to get a house in the 5 boroughs (queens) I know a couple with good/decent jobs and they had to move to eastern long Island. I remember house hunting in the early 2000s and people wanted 400-500k for house in cambria/st Albans. I wound up by in Elmont
Yes here in DC, but if you know the city and the layout buying a fixer upper is a win win. Or you can buy in SE where people are scared to live even though you can clearly see that shit changing over but not as fast as the other parts of the city.
I tell people all the time, DC is really like a test lab. They implement shit here first and the. If it works you will see other cities doing it.
For example this whole walkable communities thing I keep seeing in other cities was being done back in 2010 in dc. Niggas living in walking distance to stores, restaurants, and etc. I go back home to Columbia, sc or visit my peeps in Charlotte and that’s all I’m seeing being built.
For example this whole walkable communities thing I keep seeing in other cities was being done back in 2010 in dc. Niggas living in walking distance to stores, restaurants, and etc. I go back home to Columbia, sc or visit my peeps in Charlotte and that’s all I’m seeing being built.