# House time... **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [January 24, 2010, 10:38am UTC](https://forums.speedlife.net/t/house-time/78569 "2010-01-24T10:38:14Z")\ **Posts on this page:** 20\ **Page:** 5
**Author:** ![SHOtime](https://avatars.discourse-cdn.com/v4/letter/s/8e8cbc/32.png) [@SHOtime](https://forums.speedlife.net/u/SHOtime)\ **Post date:** [January 29, 2010, 11:56am UTC](https://forums.speedlife.net/t/house-time/78569/81 "2010-01-29T11:56:22Z")
> [@walter](#): > > Just like having the :bigtup: we should have a :bigpicard: Why? I think you are being over-judgemental with some of your responses. There are some scenarios where traditional financing is not the best option. That being said. I do think that there are some misconceptions and wrong ideas in this thread. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 29, 2010, 11:59am UTC](https://forums.speedlife.net/t/house-time/78569/82 "2010-01-29T11:59:33Z")
:tup: sounds like that worked pretty good for you. I’m glad I had enough liquidity to get my purchase done without waiting for the tax credit, considering my 11k return is going to be in limbo til like April now that they’re making you paper file and then sitting on it 🖕 ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 29, 2010, 12:01pm UTC](https://forums.speedlife.net/t/house-time/78569/83 "2010-01-29T12:01:37Z")
> [@Joe](#): > > :tup: sounds like that worked pretty good for you. I’m glad I had enough liquidity to get my purchase done without waiting for the tax credit, considering my 11k return is going to be in limbo til like April now that they’re making you paper file and then sitting on it 🖕 Dude, I filed mine in august and still haven’t gotten it. They are telling me mid-March likely. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 29, 2010, 12:03pm UTC](https://forums.speedlife.net/t/house-time/78569/84 "2010-01-29T12:03:07Z")
Yeah, by the time I closed in October they told me to not even bother with amending 08 and to just wait til this spring’s. Looks like it’s grinding to a halt either way. Then they’ll probably stall me some more and ask for extra documentation on top of the HUD 1. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 29, 2010, 12:05pm UTC](https://forums.speedlife.net/t/house-time/78569/85 "2010-01-29T12:05:44Z")
> [@Joe](#): > > Yeah, by the time I closed in October they told me to not even bother with amending 08 and to just wait til this spring’s. Looks like it’s grinding to a halt either way. Then they’ll probably stall me some more and ask for extra documentation on top of the HUD 1. They weren’t even asking for HUD-1s when I filed mine. So I got flagged for more info and had to send that plus mortgage statements and like 3 different utility bills for the past 2 months…I faxed them ~20 sheets of paper. They received that early January. I called to get a status update and they told me that it would be 60 fucking days before someone could look at it and approve it. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 29, 2010, 12:06pm UTC](https://forums.speedlife.net/t/house-time/78569/86 "2010-01-29T12:06:53Z")
IBsomeoneappliesthistohealthcare ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 29, 2010, 12:07pm UTC](https://forums.speedlife.net/t/house-time/78569/87 "2010-01-29T12:07:39Z")
> [@Joe](#): > > IBsomeoneappliesthistohealthcare lol Is this what the lead time on an insurance claim is gonna be like? there ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [January 29, 2010, 12:46pm UTC](https://forums.speedlife.net/t/house-time/78569/88 "2010-01-29T12:46:13Z")
Walter is just a dirty vagina, his comments mean nothing on this forum. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 29, 2010, 12:47pm UTC](https://forums.speedlife.net/t/house-time/78569/89 "2010-01-29T12:47:30Z")
Actually more often than not he comes up with something insightful that no one else mentioned, and the OP/target gets pissed because he does so in a smartass way that pwns them. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 29, 2010, 12:50pm UTC](https://forums.speedlife.net/t/house-time/78569/90 "2010-01-29T12:50:52Z")
> [@Joe](#): > > Actually more often than not he comes up with something insightful that no one else mentioned, and the OP/target gets pissed because he does so in a smartass way that pwns them. yeah, it’s hard to say that he’s wrong… He has a good reason to say that he would do a giant picard to my post. Without knowing more details, it’s easy to assume that I bought a house I can’t afford. ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [January 29, 2010, 12:51pm UTC](https://forums.speedlife.net/t/house-time/78569/91 "2010-01-29T12:51:57Z")
I’d shank him in the neck if I had the chance, it’s one thing to be helpful and insightful but another to be a complete prick about it. He’s a prick. On topic though 🙂 :tup: Beck, now you get to drop loads of cash into something that will actually last longer than a neon 😉 ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [January 29, 2010, 1:23pm UTC](https://forums.speedlife.net/t/house-time/78569/92 "2010-01-29T13:23:08Z")
> [@boardjnky4](#): > > yeah, it’s hard to say that he’s wrong… He has a good reason to say that he would do a giant picard to my post. Without knowing more details, it’s easy to assume that I bought a house I can’t afford. Sorry, I wasn’t giant picarding you, just Beck. The crux of the situation is the cost of the debt on the depreciating truck is very little. Having the money to increase your down payment on your house would be more financially sound and help you avoid PMI, among other things. Having \>20% down will also help you get a better rate. Unless, as Xander indicated you are in some odd financial limbo where the debt from the truck is massively screwing up your credit score. The reasons he has posted to defend paying off the truck don’t make sense. “I want to pay it off so I don’t have a $750 bill every month” That is Dave Ramsey speak, which rarely makes the most sense. Sure, these days many American’s are afraid of debt, and many preach that it is bad (because most of us can’t handle it). It doesn’t mean that it is the best method. In the end there is no cookie cutter approach to personal finance and if you like the feeling of not having a car payment, than it is really hard to argue against, as long as you realize THAT is the reason (you like it) not because it makes more sense. The comments about the plan were from the beginning, not saying, hey you’re going to close next month, you should save that single $700 payment and make life gravy. So, take that, and apply to this thread. See need for :bigpicard: ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [January 29, 2010, 1:24pm UTC](https://forums.speedlife.net/t/house-time/78569/93 "2010-01-29T13:24:01Z")
> [@Motocrossx23](#): > > I’d shank him in the neck if I had the chance, it’s one thing to be helpful and insightful but another to be a complete prick about it. He’s a prick. Aww, poor baby, do I not give you enough attention? Don’t worry, I’ve noticed you’ve been riding my nuts a lot lately, I’ve groomed a special spot for you, spitting distance to my asshole. :touchy: ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [January 29, 2010, 1:28pm UTC](https://forums.speedlife.net/t/house-time/78569/94 "2010-01-29T13:28:25Z")
You are a pontificating ass, an anomaly inserted into the apex of my sphinter. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 29, 2010, 1:30pm UTC](https://forums.speedlife.net/t/house-time/78569/95 "2010-01-29T13:30:05Z")
> [@Motocrossx23](#): > > You are a pontificating ass, an anomaly inserted into the apex of my sphinter. Everyone here knows that he is like this. You are about the billionth person to explain to him that he comes off SUPER harsh…It hasn’t changed. It never will, so give up and just try to learn a thing or two about personal finance because I between the insults, are great points. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 29, 2010, 1:31pm UTC](https://forums.speedlife.net/t/house-time/78569/96 "2010-01-29T13:31:41Z")
:word: If people aren’t too turned off by his abrasive style there is usually sound advice in there. ---
**Author:** ![Jim1234664](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jim1234664/32/7438_2.png) [@Jim1234664](https://forums.speedlife.net/u/Jim1234664)\ **Post date:** [January 29, 2010, 1:34pm UTC](https://forums.speedlife.net/t/house-time/78569/97 "2010-01-29T13:34:30Z")
I \<3 Walter ---
**Author:** ![deebo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/deebo/32/5218_2.png) [@deebo](https://forums.speedlife.net/u/deebo)\ **Post date:** [January 29, 2010, 3:42pm UTC](https://forums.speedlife.net/t/house-time/78569/98 "2010-01-29T15:42:25Z")
What kind of a dump ass house are you going to find in amherst for 120k? Why Don’t you reconsider other areas You can easily find 4bdrm houses in west seneca, other southtowns for less than 130k and have 1700+ sq feet, less taxes although i dont know what kind of house you’re looking for. Shit there was a 2300sq ft house in West seneca for 42k lol (border of S B-Lo) ---
**Author:** ![Jack](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jack/32/7613_2.png) [@Jack](https://forums.speedlife.net/u/Jack)\ **Post date:** [January 29, 2010, 3:45pm UTC](https://forums.speedlife.net/t/house-time/78569/99 "2010-01-29T15:45:13Z")
I even viewed your posts here because I figured you’d make some stupid ass remarks… > [@walter](#): > > I know you’re a fucking moron, but this is pretty bad, even for you. Situation - Shit loads of income. No debt. Great credit score. Walk into any bank and buy a decent house with 0 down and still get a nice rate. Has that changed? No. Fuck You. Depending on your (Beck’s) situation, the current state of our economy especially the part that controls what hoops you have to jump through to buy a house, haven’t changed much (see the situation above). If you’re poor or trying to buy out of your league… yeah. Those rules have changed. > [@walter](#): > > . > > 100% loaners (both the givers and the takers) are one of the biggest reasons we’re in the mess we are in now. Buying something you can’t afford with the promise that it would appreciate 🖕Owning a house isn’t a right… fucking morons This is not true. Since you’re so good at dissecting everything everyone else says and then commenting with opinion and not fact… 100% loaners who can’t afford what they bought **played a role.** 100% loaners who payed off a large portion of their mortgage already and are finally paying on only the principle… and lost their jobs… they are **paying a role.** 50% loaners who lost their jobs and can’t make their mortgage payments… they also **played a role.** Chances are these people took some lump sum that they **received** (parents, insurance, lawsuit, etc…) and put it down on a house they couldn’t afford. The other population here is the older crowd who sold a house, didn’t have much equity, but enough to put down on something bigger, lost their jobs and can’t afford to make the payments. Liquidating their assets and trying to sell that overpriced house in a market like this… there is your role. 100% loaners who still have a job and give the bank 10s of thousands of dollars on time or early are not the reason that the market and economy is the way it is. Your blanket statement is false. There are a lot of people contributing… and “most” of it isn’t coming from people who borrowed 100% nor the individual mortgages which were lent @ 100%. The biggest reason we’re in the mess we are now is that people can’t afford the house they live in anymore… unrelated to the amount of money they put down. Lost jobs, pay cut at work, lost benefits, etc… none of these things are related to the fact that when these people bought their homes, they didn’t put anything down. Even if you put 90% down and had to sell your home at a loss… that is one of the contributing factors for the situation we’re in today. The market flopped, taking the banks with it. Not the other way around. > [@walter](#): > > Sorry, I wasn’t giant picarding you, just Beck. > > The crux of the situation is the cost of the debt on the depreciating truck is very little. Having the money to increase your down payment on your house would be more financially sound and help you avoid PMI, among other things. Having \>20% down will also help you get a better rate. > > Unless, as Xander indicated you are in some odd financial limbo where the debt from the truck is massively screwing up your credit score. Debt to Income Ratio. Huge factor when buying a house, especially when he has huge loans and CC debt. $14k on a truck is a lot of debt. > [@walter](#): > > The reasons he has posted to defend paying off the truck don’t make sense. :word: You’re right here, but that doesn’t change the fact that you’re a tool with no friends. ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [January 29, 2010, 3:47pm UTC](https://forums.speedlife.net/t/house-time/78569/100 "2010-01-29T15:47:52Z")
> [@deebo](#): > > What kind of a dump ass house are you going to find in amherst for 120k? You live in fucking west seneca and continually trade in and out of $3,000 cars like its your job, exit thread please. Secondly, I know where Walter is coming from. However, I don’t want a god damned $750 car payment. It’s not good for my DTI. Xander is also correct about only a portion of my income being accounted for. I technically only make about $30k/salary. The rest is bonuses every month. [Previous page](https://forums.speedlife.net/t/house-time/78569.md?page=4) [Next page](https://forums.speedlife.net/t/house-time/78569.md?page=6)