english translation?
This thread has lived up to expectations.
Please leave this thread as you obviously have no clue.
Beck, I honestly think that all we have covered is that both options have positives and negatives. I am looking for a new house right now, and I am having a hell of a time finding what I want. Just because you want a house now, take your time and do not just grab at what is available today. I haven’t read all of this, but I am sure you know that as well. That said, I like the option with less taxes. I have always lived in new homes in sub developments, and now that I have an older home with the woodwork and character I really have grown to appreciate it more than any new build.
oh I’m just kidding…trying to get everyones panties in a bunch.
I am all about location, been looking at houses, and am really trying to approach it from location perspective.
Well, we know nothing about your choices.
I need to know how big the house is, primarily.
A smaller house usually is good for starter homes and for people with little/no family. More bedrooms, bathrooms, and square footage means room for a family. Families are usually what people who get older have. In families, you have kids, and kids go to school. For the most part - people cannot afford to buy houses until they are further along in life due to (but not limited to) :
School loans
Lower wages when younger / less experienced
Single income (not married/committed)
Other significant debt (Credit cards, car loan, etc) accrued when younger/stupider
Shitty / No credit history
Not wanting to be responsible for a loan of this magnitude
Not wanting to be responsible for upkeep of property
Reason why I stated this : Kids will need to go to school, and school system is usually very high on the list on where someone will move. I just so happen to live in the school district ranked top 50 in the country for the past 10 years. I pay out of my ass for taxes, but the investment has more than paid itself off already. I bought a 2bd 2 full bath condo, vs a 1 bdrm or studio because I would be able to sell it off to someone (or some family) a lot easier, because they could expand into it. A new couple with a baby on the way has more than enough room to raise their child and benefit from the safe area, great school system, all while being a super easy commute into midtown Manhattan.
Buffalo and Rochester however, are in much more of a bubble in terms of the housing market. Prices of houses don’t really fluctuate comparatively to the rest of the country around larger metropolitan areas.
I dunno, you’re in a strange situation. You might be making money now, and you’ve “been with the company” for a couple years now, but seriously - you just got to your new position and I’d wait it out. I have a 6 month “Oh shit I’m screwed fund” that will pay for my mortgage, escrow for taxes, maint. fees, and all my bills if I ever lost my job, which I have been at for 4 years, and generally have been at the same type of position. I’ve been through 3 rounds of layoffs and it is a known fact that I bust my ass to keep shit afloat. You may have just bought an expensive car, and now have a car payment. If God forbid you lost your job, how long can you keep yourself afloat? If you lost your job, can you go somewhere else and get another job that makes a comparable salary, quickly? Your way of thinking is what got the economy the way it is now.
I’d stick around your parents place for a while (nothing wrong with it if you are making good money and can deal with the parents, if you are saving toward a house) and save up.
If you wanted to buy a house now, like, right now, I’d still need to know the size, but if it were comparable and and at least a 3bdrm 2bath, I’d go with the better school district. You’re gonna be able to sell it easier IMO.
Does this mean I have nothing productive to say…then FUCK YOU…J/K.
IMO, It really comes down to where you feel comfortable living. Taxes and Resale aside if you are happy in your home, like the location, don’t mind a little extra drive to work, and you can afford it then I say go for it. If you are unsure then look somewhere else.
But, I totally agree with Fry. After a few years you will notice or learn certain things that may sway your judgement the next time you buy. If you do.
Goodluck.
I walk in my neighborhood quite a bit and I’ve never seen a house stay up for sale very long. Something to keep in mind since this is your first home and your needs may change. You shouldn’t have a problem selling a home in Amherst because there are always families looking to get into our great school district, as well as the convenience of being so close to everything.
Lockport, not so sure how fast the turnover is on sales.
x 3
what exactly is your gripe with the Lockport area? I bought a house there almost 2 years ago and I really like the area.
Everyone hates on Lockport :lol:
Lockport projects ftw
Their schools can’t afford good drugs like willyville & clarence.
Seriously…why jump the gun 5-6 years.
The only thing I can contribute to this is that I was in a similar position when I graduated from school, but I was making ~50k. I started thinking about doing the house thing and started looking around; then the shit hit the fan. I left my job, moved back home, blew all of my savings, and now I work a bottom feeder “tech” job. Have fun while you’re young and leave the adult stuff…well…to the adults.
this was a fun thread to read.
the answer is don’t compromise because your back in not in any corner with respect to time or nagging wife. I kept looking for months with all kinds of criteria and I ended up passing a random open house on my way to look at a different one and just knew it was the right one.
and overall I’m happy with my newer home (built 2000). With an old house your paycheck and weekends goes to fixing things, with a newer one it goes to upgrades.
Since when does fixing something mean you can’t upgrade at the same time?
Maybe… probably more like a 900sq ft condo… haha
LOL dont feel bad I pay $1400 a month rent for ~700 sqft.
less overall to fix = more money to upgrade.
That and like for me I would rather buy a house that is more $ and in nicer shape and have the money tied into the mortgage instead of comnstantly trying to get 5k here and 2k there to fix things. But this practice has many pros and cons this is just my opinion.