max225 wrote: ↑Wed Jul 02, 2025 3:20 pm
First the Phoenix bomb shell now this.
Convos on here go... Oh wow I got a pimple on my forehead, does anyone know how if Pro-Active works ? It's kinda the biggest problem in my life right since I have an interview coming up.
And 2 days later... Oh yea I won the lottery last month so I don't need a job.
I mean your Cadi purchase... no different - circle jerking around GTIs, Type Rs, Cuckquinoxes, etc. and then boom, second minivan out of nowhere.
Sometimes I find it's easier to make a decision and get ridiculed by the peanut gallery after the fact versus feeling dumb beforehand.
Yeah. We are fucked. Should have just taken what I thought was a lowball...highly doubt we'll even get that now.
Either way you have equity I am assuming. Unless you bought in in 2022.
We bought in 2019 and put down ~31% of the purchase price. We listed at $625 initially, offer was for $560 (we countered at $585), and we've since dropped to $600. We owe $238 presently. There's a house one street over from ours that I don't like as much as ours that pended within 2 days and listed at $640, but it listed a week before ours and pended before ours hit the market. It all shifted THAT fast.
Last edited by coogles on Wed Jul 02, 2025 4:24 pm, edited 1 time in total.
we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.
I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.
Dude that looks really nice, big upgrade for what will prob not be a lot of extra scratch on yalls end. Congrats!
Thanks, bro! The interest rate sitch is a bummer, but we're making it work. Hopefully they come down at some point and we can refi.
we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.
I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.
Congrats dude! Sounds like a great solution for the fam.
we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.
I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.
Wow so it appreciated more than your entire house value in 5 years. WILD! Huge upgrade tho, so that will def feel nice.
we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.
I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.
Two car garage and that nice ass screened porch is winning
max225 wrote: ↑Wed Jul 02, 2025 3:20 pm
First the Phoenix bomb shell now this.
Convos on here go... Oh wow I got a pimple on my forehead, does anyone know how if Pro-Active works ? It's kinda the biggest problem in my life right since I have an interview coming up.
And 2 days later... Oh yea I won the lottery last month so I don't need a job.
I mean your Cadi purchase... no different - circle jerking around GTIs, Type Rs, Cuckquinoxes, etc. and then boom, second minivan out of nowhere.
Sometimes I find it's easier to make a decision and get ridiculed by the peanut gallery after the fact versus feeling dumb beforehand.
One is a throwaway SUV the other is a near lifelong commitment. but yes generally same stream of consciousness.
we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.
I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.
Wow so it appreciated more than your entire house value in 5 years. WILD! Huge upgrade tho, so that will def feel nice.
Well, it appreciated at about the same rate as our house since purchased in 2019, like 60ish%. Ours was $327K and is now like five hunnit.
max225 wrote: ↑Wed Jul 02, 2025 4:20 pm
Either way you have equity I am assuming. Unless you bought in in 2022.
We bought in 2019 and put down ~31% of the purchase price. We listed at $625 initially, offer was for $560 (we countered at $585), and we've since dropped to $600. We owe $238 presently. There's a house one street over from ours that I don't like as much as ours that pended within 2 days and listed at $640, but it listed a week before ours and pended before ours hit the market. It all shifted THAT fast.
That's quite an offer differential and I don't blame you for countering that makes cents.
The markets seem to have turned around (stock) so maybe housing things will follow. It doesn't seem like you're in an unattainable to an average man (7 figs+) price point so there will always be demand there.
we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.
I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.
Very nice! And a nice piece of land it looks like, too. Well done. Good luck with everything.
Where are these mangos?
Detroit wrote: ↑Fri Apr 16, 2021 1:19 pm
I don't understand anything anymore.
Think we're going to live dangerously and rent it.
We might end up there too. We shall see.
It's pretty much a break even monthly payment (because we have a 15 year mortgage) after paying a property manager. This house will be paid off in ten years, so if we can go the distance, it could pay off nicely.
Worst case scenario, they fuck up the house and it's miserable, we sell it after the first renters, but since the rate is 2.5%, we've gained $20K of equity in a year, so unless the price totally shits the bed, that should account for more than any damage they could do.
Best case, it works out long term, and in ten years we're making $3-4K/month on it and it's a savings account.
we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.
I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.
Very nice! And a nice piece of land it looks like, too. Well done. Good luck with everything.
The screened porch really sold us, and a very private feeling/easy to maintain lot whilst being close in to things in the city.
max225 wrote: ↑Wed Jul 02, 2025 3:20 pm
First the Phoenix bomb shell now this.
Convos on here go... Oh wow I got a pimple on my forehead, does anyone know how if Pro-Active works ? It's kinda the biggest problem in my life right since I have an interview coming up.
And 2 days later... Oh yea I won the lottery last month so I don't need a job.
I mean your Cadi purchase... no different - circle jerking around GTIs, Type Rs, Cuckquinoxes, etc. and then boom, second minivan out of nowhere.
Sometimes I find it's easier to make a decision and get ridiculed by the peanut gallery after the fact versus feeling dumb beforehand.
I can't imagine anyone here ridiculing you, it's a nice place!
OTOH, I can imagine SOME here ridiculing you, lol.
Where are these mangos?
Detroit wrote: ↑Fri Apr 16, 2021 1:19 pm
I don't understand anything anymore.
D Griff wrote: ↑Wed Jul 02, 2025 4:34 pm
It's pretty much a break even monthly payment (because we have a 15 year mortgage) after paying a property manager. This house will be paid off in ten years, so if we can go the distance, it could pay off nicely.
Worst case scenario, they fuck up the house and it's miserable, we sell it after the first renters, but since the rate is 2.5%, we've gained $20K of equity in a year, so unless the price totally shits the bed, that should account for more than any damage they could do.
Best case, it works out long term, and in ten years we're making $3-4K/month on it and it's a savings account.
Zero chance we'd break even. Our mortgage payment now is under $2k/mo, but we're taking out a HELOC for the down payment on the new place. I can't seem to find the HELOC statements from our broker ATM, but I think we could probably rent the place for $3k/mo or a bit more, and I'm sure the HELOC payment is north of $1k/mo.
D Griff wrote: ↑Wed Jul 02, 2025 4:34 pm
It's pretty much a break even monthly payment (because we have a 15 year mortgage) after paying a property manager. This house will be paid off in ten years, so if we can go the distance, it could pay off nicely.
Worst case scenario, they fuck up the house and it's miserable, we sell it after the first renters, but since the rate is 2.5%, we've gained $20K of equity in a year, so unless the price totally shits the bed, that should account for more than any damage they could do.
Best case, it works out long term, and in ten years we're making $3-4K/month on it and it's a savings account.
Zero chance we'd break even. Our mortgage payment now is under $2k/mo, but we're taking out a HELOC for the down payment on the new place. I can't seem to find the HELOC statements from our broker ATM, but I think we could probably rent the place for $3k/mo or a bit more, and I'm sure the HELOC payment is north of $1k/mo.
But isn't that a bit of an unfair comparison? Your current house is still 2k, your NEW house is the extra 1k+ whatever your payments will be.
Zero chance we'd break even. Our mortgage payment now is under $2k/mo, but we're taking out a HELOC for the down payment on the new place. I can't seem to find the HELOC statements from our broker ATM, but I think we could probably rent the place for $3k/mo or a bit more, and I'm sure the HELOC payment is north of $1k/mo.
But isn't that a bit of an unfair comparison? Your current house is still 2k, your NEW house is the extra 1k+ whatever your payments will be.
No, it's actually worse than that. Round numbers for ease of -
Current mortgage - $2k
New mortgage with what we're able to put down from HELOC - $5k
HELOC - $1.5k (ish?)
Total - $8.5k
The mortgage on the new place after we recast from the proceeds of selling our current place will be about $4k, maybe a hair over that since insurance rates have gone up. So $4,500/mo extra to keep the current house, to then rent out for $3k to maybe $3.5k per month. It's a terrible idea, but it may still be preferable to taking a bath on the sale if we think the market may improve.
max225 wrote: ↑Wed Jul 02, 2025 4:40 pm
But isn't that a bit of an unfair comparison? Your current house is still 2k, your NEW house is the extra 1k+ whatever your payments will be.
No, it's actually worse than that. Round numbers for ease of -
Current mortgage - $2k
New mortgage with what we're able to put down from HELOC - $5k
HELOC - $1.5k (ish?)
Total - $8.5k
The mortgage on the new place after we recast from the proceeds of selling our current place will be about $4k. So $4,500/mo extra to keep the current house, to then rent out for $3k to maybe $3.5k per month. It's a terrible idea, but it may still be preferable to taking a bath on the sale if we think the market may improve.
IF you do want to bank on the latter. You may want to do an LLC and start writing off your "losses". It'll help with taxes.
we started looking around at some places and it escalated quickly. 
wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO. 
but yes generally same stream of consciousness. 
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