One was one wasn't, I think it may have been the time and partly that the realtor seemed to want me in a track house. Golden hill has a listing for a 20,000 sq ft house!

I took a loss on my last house. I would be more comfortable now money-wise if I did what most people are doing - foreclosing. But I have too much pride for that.

I've heard from a coworker that someone in his neighborhood has a ferrari and foreclosed on his home. That just seems so wrong. To all of us who pay taxes and fund bailouts.

Tony, look at the house at 4905 N Illinois Street. That's just down the street from me. English tudor built in 1925. 10 rooms, almost 3k square feet. 282K.

First off if you're 70 and have paid rent how much $$$$ would you have paid in rent?

Now, let say that you live to see 97, how much rent have you paid?

How much has rent gone up in the 20 years that you've been renting?

Now with your home that you buy. Will the mortgage ever go up? Will the landlord ever tell you that you can't paint your rental the way that you want? Will you be able to do what you want to your home YES! Since you have no kids you can REVERSE mortgage the place and live on the houses worth after age 65 ! and they can never kick you out!

Now, let's say that you pay 1/2 of your rent every two weeks instead of 1 cgeck a month, Now you've paid off your note off in 23 years not 30. The bank loses!

Or what if every bonus, every tax return gets paid in as well? 17 years?

Since your single what if you rent out a room for 1/2 of the mortgage? As for your buds who aren't making their payments

I got divorced at 37 and lost a lot of money. We to sell the family home and split up the equity. My ex got most of it because our children initially went with her.
Long story but... After a year the three of them were returned me to live full-time.

I can't begin to tell you what it took but I'm 47 and I OWN my own home.

So do it now and don't look back.

I believe a house comes into your life for a reason so start looking and buy something you feel good about.

yeah, that house has a ball room in it with marble floors. it's on several acres, too...around 750K. the Golden Hill place I looked at was only around 3K sq ft. all of the interior walls were concrete...the entire house was concrete. it was literally like a castle...just as damp and mildewy, too!

This is gold. Listen to Jim.

down the street from me...



http://forums.pelicanparts.com/uploa...1330317616.jpg

Plus that bull**** mortgage interest deduction. That thing is lame for everyone else who isn't rich.

Just to be clear... Forget being 37. I would buy a house at 60 if I had to.

Beautiful home! Speaking of dream homes look at this one up the street!
5111 N Meridian ST, Indianapolis, IN 46208 - MLS ID 21161223 - Single Family Home For Sale

BTW I cant afford this place lol but since we a talking about grand things! lol

I want to own a home again. But I will never ever ever ever afford one around here.
And I make in the top 3%!
guess I gotta move back to NC.

The only people who can afford homes in my neighborhood are lotto winners.

i actually checked that place out too...lots of work needed. wasn't the garage in the back AWESOME? i moved to california last year...and the number one thing i miss about indy are the old, grand, historic homes. i want to move back for almost that reason alone.

California and long Island are crazy, I dont see how average people make it there.

I am not asking you to be picky. Judging from your second sentence, you already have the answer. Keep looking. Find an agent they can help you. An older home means more work and money sooner. Nothing wrong with that as long as you can get it back come time to sell. What's old?

Me neither.

Must be family money (the sperm lotto) or the money lotto.

I make damn good money, I can't afford anything here, even with the low bad economy prices. I have excellent credit, too.

Yes, The neighbor owns the house. They purchased it when it went into probate. The elderly couple that live there kept 20 plus dogs in the place..

I just had lunch with my agent today. She said the 203k did not require bids or actual contract for them to fund. As long as work is progressing during inspection, they will continue to fund the project. That doesn't sound right but I assume she must know her stuff. It make sense if you need the money for materials if you are a DIY. Why not?

I bought my current house as a bank repo for $330K 14 years ago. it currently appraises at $750K, I just refi'd at 3.15% down from 3.75% a year ago, for another ten year note. I cut my mortgage by $400/month, I'm plowing that savings back into the mortgage to pay it off in about six years. The IRS is your friend in writing off your interest. Pay it off as soon as you can.

We have em' here. Just not too many in the high desert.