DFD

Detroit wrote: ↑Thu Oct 17, 2019 3:41 pm

D Griff wrote: ↑Thu Oct 17, 2019 3:18 pm

I do appreciate it and there's a lot here I haven't done... just like car purchases, some stuff you just have to go through and experience to get the whole picture. has bought a home but I think because she enjoyed the 50% appreciation life, she things that is the norm... nahgonnahappen this time I don't think. I feel like the higher the price of the home, the lower the percentage of appreciation honestly, but at least this is like the cheapest home in the Madison Park 'hood that's not a shit hole.

FWIW we already know what the taxes are going to be - $3060 as quoted. They may go up, but I mean, what can you really do? This will happen anywhere and they aren't going up $200/month/year like rent does.

It won't appreciate much, but it sure won't depreciate much. That's a fantastic situation to be in.

I also love home ownershit, so I get the desire for buying a house in the first place. Just want to make sure you've got a grasp on the entire situation.

Detroit wrote: ↑Thu Oct 17, 2019 3:41 pm
I also love home ownershit.

SAWCE wrote: ↑Thu Oct 17, 2019 4:01 pm Joy is for people who have earned it. He’s buying this house with the profits of his fiancé’s decisions. FUCK YOU GRIFF!

SAWCE wrote: ↑Thu Oct 17, 2019 4:01 pm Joy is for people who have earned it. He’s buying this house with the profits of his fiancé’s decisions. FUCK YOU GRIFF!

Detroit wrote: ↑Thu Oct 17, 2019 1:19 pm

D Griff wrote: ↑Thu Oct 17, 2019 1:12 pm

I don't think they reassess tax value here in a given sale, they just do it every X number of years... hopefully I'm right about that.

Probably something you should know when you sign on the dotted line. Taxes are a non-insignificant portion of your expenses. What the current owners pay could be drastically different than what you pay. Or maybe not. You should do some homework.

Here, taxes are "reset" when there's a change in ownershit, but it takes effect the next calendar year after you buy it. I know people (myself and others) who bought a house only to have the tax bill increase by 50%+ the next year. Friends of mine bought a "cheap" house in Detroit. Previous owner was paying $2k in taxes...their tax bill was $8k. 400% increase. They were blindsided and completely changed their view of buying that house.

Hopefully NC is different, and very likely is.

wap wrote: ↑Thu Oct 17, 2019 4:38 pm

Detroit wrote: ↑Thu Oct 17, 2019 1:19 pm

Probably something you should know when you sign on the dotted line. Taxes are a non-insignificant portion of your expenses. What the current owners pay could be drastically different than what you pay. Or maybe not. You should do some homework.

Here, taxes are "reset" when there's a change in ownershit, but it takes effect the next calendar year after you buy it. I know people (myself and others) who bought a house only to have the tax bill increase by 50%+ the next year. Friends of mine bought a "cheap" house in Detroit. Previous owner was paying $2k in taxes...their tax bill was $8k. 400% increase. They were blindsided and completely changed their view of buying that house.

Hopefully NC is different, and very likely is.

This is especially true if the sellers were and were getting a senior discount on their prop taxes, which you will not get and will be an eye opener the next tax year.

razr390 wrote: ↑Thu Oct 17, 2019 3:18 pm

Desertbreh wrote: ↑Thu Oct 17, 2019 3:05 pm DFD. The forum where everybody makes the same choices and then tells anybody trying to join the club that they are the stupidest motherfucker to ever walk the earth.

Congrats, you are now my new quote sig.

Melon wrote: ↑Thu Oct 17, 2019 3:53 pm Buying a house is stressful, sure, and there's always a sense of apprehension when you make that big of a decision. You take a look at everything you can, heed advice and make the best decision. Ultimately it's a great joy, closing is a huge relief, and the first time you step into YOUR home, it's an elation that's not matched by much.

Enjoy it G_Money, heed the good advice, but don't let DFD steal your joy.

Detroit wrote:

wap wrote: ↑Thu Oct 17, 2019 4:38 pm

This is especially true if the sellers were and were getting a senior discount on their prop taxes, which you will not get and will be an eye opener the next tax year.

But obviously I'm

SAWCE wrote: ↑Thu Oct 17, 2019 4:01 pm Joy is for people who have earned it. He’s buying this house with the profits of his fiancé’s decisions. FUCK YOU GRIFF!

troyguitar wrote: ↑Thu Oct 17, 2019 4:48 pm

Detroit wrote:

But obviously I'm

Carolina is cheap as fuck. Charlotte is "expensive" for the area because taxes for a normal person average over 1% instead of under like in most of the states. Moving to Charlotte from the suburbs (especially if you go across the border from SC) can mean a tax increase of 50%, which sounds like a lot except it's only going from 0.8% to 1.2% of the market value.

Detroit wrote: ↑Thu Oct 17, 2019 4:59 pm

troyguitar wrote: ↑Thu Oct 17, 2019 4:48 pm Carolina is cheap as fuck. Charlotte is "expensive" for the area because taxes for a normal person average over 1% instead of under like in most of the states. Moving to Charlotte from the suburbs (especially if you go across the border from SC) can mean a tax increase of 50%, which sounds like a lot except it's only going from 0.8% to 1.2% of the market value.

I'm doing it wrong.

troyguitar wrote: ↑Thu Oct 17, 2019 5:04 pm Charlotte is the promised land for the 99%. I'm

Detroit wrote: ↑Thu Oct 17, 2019 5:29 pm

troyguitar wrote: ↑Thu Oct 17, 2019 5:04 pm Charlotte is the promised land for the 99%. I'm

I really just want to quit the rat race and fuck off to the woods. That's my promised land.

Melon wrote: ↑Thu Oct 17, 2019 3:25 pm As I said before, this is why I keep a lot to myself.

4zilch wrote: ↑Thu Oct 17, 2019 8:15 pm

Melon wrote: ↑Thu Oct 17, 2019 3:25 pm As I said before, this is why I keep a lot to myself.

There’s a reason why I didn’t start a haus thread...and only mentioned the move in passing.

dubshow wrote: ↑Thu Oct 17, 2019 9:09 pm I feel so fucking pleb with barely affording a $.25m Haus on a combined income of $150k. DFD shows how I am every day.

troyguitar wrote: ↑Thu Oct 17, 2019 4:48 pm

Detroit wrote:

But obviously I'm

Carolina is cheap as fuck. Charlotte is "expensive" for the area because taxes for a normal person average over 1% instead of under like in most of the states. Moving to Charlotte from the suburbs (especially if you go across the border from SC) can mean a tax increase of 50%, which sounds like a lot except it's only going from 0.8% to 1.2% of the market value.

dubshow wrote: ↑Thu Oct 17, 2019 9:09 pm I feel so fucking pleb with barely affording a $.25m Haus on a combined income of $150k. DFD shows how I am every day.

D Griff wrote: ↑Fri Oct 18, 2019 9:22 am

dubshow wrote: ↑Thu Oct 17, 2019 9:09 pm I feel so fucking pleb with barely affording a $.25m Haus on a combined income of $150k. DFD shows how I am every day.

Southerners just have the luxury of blowing a smaller proportion on housing and more on , guns, C5/trackdaybro,whatever pointless shit you're into.