St. Euphrosynos Taverna and Ouzeri 24

[DonVA]

Yea...Cygne... that rule of thumb sounds a bit high! I mean, at 30 years, what would the mortgage payment on a house costing $650K run? Even if your credit were good enough for a low interest rate?

 

[Melethiel]

w00t, our choir concert went well.

I still have a lot more makeup on that I usually do, because the director told us we look too pale under stage lights, and to turn the makeup level up to "harlot". I didn't turn it up quite that high, but still have quite a bit on....

 

[Matrona]

the director told us we look too pale under stage lights, and to turn the makeup level up to "harlot".

That just made me laugh...

 

[Melethiel]

That just made me laugh...

He actually said "harlot". His terminology.

 

[DonVA]

And you haven't posted a picture of this yet? I think a group photo is in order here!

 

[Khaleas]

Yea...Cygne... that rule of thumb sounds a bit high! I mean, at 30 years, what would the mortgage payment on a house costing $650K run? Even if your credit were good enough for a low interest rate?

Yea, that's what I was thinking. With making 55K a year, great credit we only qualified for 215K. Fortunately we had saved up a huge downpayment so we have a nice house as 215 wouldn't buy much in this area.

 

[Melethiel]

And you haven't posted a picture of this yet? I think a group photo is in order here!

Someone else took a picture...I'll have to see if I can get her to send me a copy.

This is only the first performance though, so I'll be sure to bring my camera next time.

 

[DonVA]

Yea, that's what I was thinking. With making 55K a year, great credit we only qualified for 215K. Fortunately we had saved up a huge downpayment so we have a nice house as 215 wouldn't buy much in this area.

But imagine if your mortgage payment was tripled, but you only made less than a thousand more a month than you're making now.

Jenn: I'm seeing houses in my neighborhood, which is very middle class, sitting for sale longer. I think the real estate in this area has hit its peak and is starting to recede. I'm so fortunate that I bought what I bought WHEN I bought it. Seems like real estate went nuts as soon as I moved in. I had $10K in equity as soon as I closed on the place! The next day, people were forced to offer more than the asking (and sometimes appraisal) price just to be considered.

 

[Khaleas]

But imagine if your mortgage payment was tripled, but you only made less than a thousand more a month than you're making now.

Jenn: I'm seeing houses in my neighborhood, which is very middle class, sitting for sale longer. I think the real estate in this area has hit its peak and is starting to recede. I'm so fortunate that I bought what I bought WHEN I bought it. Seems like real estate went nuts as soon as I moved in. I had $10K in equity as soon as I closed on the place! The next day, people were forced to offer more than the asking (and sometimes appraisal) price just to be considered.

Yes, it's definitely slowed down. I talked to our agent earlier this week and she said the market is normal now (we just see it as slow since it's been totally nuts). Houses here are definitely sitting for a lot longer. We bought just when it started to slow down but we've put in a fair share of money in the house so right now we're probably on minus but we'll be here another 5 years most likely, if not longer. But we won't really have to do much after that since all major appliances and tech stuff will be new. It's an old house (1916) and no termites so it should be solid. Well, at least let's pray for that!

Dang marinara sauce smells so good... it's puttering along in the crockpot. Should be done by the morning I hope. The Canada crew start heading home tomorrow but they'll make some overnight stops on the way so they still won't be back til Sunday (as long as there is no 'bird flu').
Next week will be fun. HVAC crew all week and then the gas guys stopped by today and said they'll start the switchout of the gaslines from the street to the house on Monday too. WHEEE!
OK, I'm officially sick of these Allen/Webb ads. Like they make any difference. I don't think political ads make much difference, people vote one way or another. Another year and a half and I can vote here too... WEEEEE!

 

[DonVA]

I am blessed. My home has nearly doubled in value in four years.

 

[Emmanuel-A]

You guys put the Abba song in my head (Money Money Money, da da da da, in a rich man's world...).

Good morning to those who can afford a house and to other friends.

Melethiel, we want the pics and the mp3's !

 

[kamikat]

Jenn: I'm seeing houses in my neighborhood, which is very middle class, sitting for sale longer. I think the real estate in this area has hit its peak and is starting to recede.

Same here. When we bought our place in 1999, it was just under 200,000. At the real estate peak, nouses on my block were going for over 500,000. Now, it's startng to come down to right about 400,000. I keep thinking to myself that the new people are getting ripped off. Who pays that much for a 40 year old, 1960's track home with 3 bedrooms and 2 baths?

 

[Khaleas]

I am blessed. My home has nearly doubled in value in four years.

Yes, it's great. We just didn't know for sure where we were going until last summer. We weren't planning to buy until May/June or so (which would probably have been better buyer wise - not interest rate wise) but this house came along and we just love it. And you can't beat the 4 minute commute to work for hubs. What really makes it nice is that neither of us has student loans (well, I have one in Finland but I keep it around just to bring down taxes there), although of course hubs has a job where you never know what can happen the next day and the Navy owns him for at least the next two more years (in reality with aviation another 5 years)

 

[Andrea Elizabeth]

Wasn't that at the beginning of the film? Of course, they do scenes not in order according to the movie.

I think it was in the middle, but maybe they "shot" it towards the beginning.

Good morning everyone!

 

[Andrea Elizabeth]

We got a really good deal on our house because
we live in a rural area
the owner was the contractor/builder and built it with surplus parts by friends
he was getting divorced and was fleeing the IRS so he wanted it sold quickly
and he didn't want the IRS to seize his profits so he sold it for cost!

It's way bigger than anything else in it's price range so we'll probably never move. Plus we really like the location, even though dh has to commute an hour each way.

Our mortgage payment is about 1/4 his monthly income. And we have a 15 year loan as we refinanced when rates dropped, and our rent stayed the same! Our house is one of the things I'm most thankful for.

 

[HandmaidenOfGod]

Howdy all!

 

[Emmanuel-A]

Howdy all!

Good afternoon Maureen.

 

[Melethiel]

hi TAW

 

[Michael G]

We got a really good deal on our house because
we live in a rural area
the owner was the contractor/builder and built it with surplus parts by friends
he was getting divorced and was fleeing the IRS so he wanted it sold quickly
and he didn't want the IRS to seize his profits so he sold it for cost!

It's way bigger than anything else in it's price range so we'll probably never move. Plus we really like the location, even though dh has to commute an hour each way.

Our mortgage payment is about 1/4 his monthly income. And we have a 15 year loan as we refinanced when rates dropped, and our rent stayed the same! Our house is one of the things I'm most thankful for.

My mortgage will be 1/2 what my rent was in Ohio. If I wanted to go with a 15 year, it would still be lower than my rent was in Ohio.

 

[Andrea Elizabeth]

My mortgage will be 1/2 what my rent was in Ohio.

I think perhaps Tx and Pa have a simlar cost of living.