We also just had a full list offer on our old house after being on the market for 2 days * Archived Message
Posted by 1 NEW on October 24, 2023, 8:36:29, in reply to "meh, if its your time and its the right house then its time"
Previous Message Previous Message Don’t understand why though. Previous Message Friends of ours just told us they’re moving from the house they’ve lived in for 14 years+. They put on an addition in 2021. They told us they wanted to lower their mortgage. The house they’re selling is pending for only about $140k more than the house they’re buying. Obviously the new house is going to be financed at a much higher rate than what they’re currently at….can’t imagine their monthly payment is going to go down at all. The house they’re buying looks to need a lot of work (hello wood paneling and wallpaper). Their back yard at the new house is bigger, but their current back yard is still decent sized. The wife teaches at the elementary school 4 houses down from their current house and all 3 of their kids go to school there. The new house will be a 15 minute drive away from school. The grandparents will be 8 minutes away from their new house compared to 15 minutes away from the current house…closer but still a car ride away not a short walk or bike away. I understand why some people move within the same town (safety issues, they hate their neighbors, job change, commute change, just want a change, upsize or downsize needs) but this just seems to be a horribly bad financial decision at the current time. I think they got the hard sell from their realtor who also convinced our mutual friends to move about 5 years ago instead of redoing their master bathroom. I’m just frustrated that our friends are moving further away. Probably the same way Chicago people when their city friends move out to the suburbs.
|
Message Thread:
- Can’t believe people move for the hell of it - CubsWonWorldSeries October 23, 2023, 11:54:29
- Coach Bruce can.* - SurfTheBoneyard October 24, 2023, 8:43:39
- I like to move every few years* - Stu October 24, 2023, 8:26:00
- Maybe you’re ‘the neighbor’ - TarheelIllini October 23, 2023, 13:03:01
- Just read that this is the worst time to buy a house in a long time. - BoCool October 23, 2023, 12:31:02
- meh, if its your time and its the right house then its time - 1 NEW October 24, 2023, 8:32:45
- you're close to me, right? - TarheelIllini October 24, 2023, 8:39:42
- We also just had a full list offer on our old house after being on the market for 2 days * - 1 NEW October 24, 2023, 8:36:29
- My mom is about to put her house in FL on the market. Apparently, in FL - bjl63 October 23, 2023, 13:34:34
- Chilango out front shoulda toldya - bigbop85 October 23, 2023, 13:31:38
- Jerome Powell* - IlliniRunner October 23, 2023, 13:03:55
- Interest rates* - ATL October 23, 2023, 12:57:00
- Probably the high prices and high interest rates - ISeeDeadHawkeyes October 23, 2023, 12:54:54
- Not sure if serious* - Sounder October 23, 2023, 12:42:28
- gotta be more to it than that...* - cpsteine October 23, 2023, 12:17:58
- Fools and their money......* - timmer October 23, 2023, 12:16:46
- Maybe it's haunted. * - doubledown October 23, 2023, 12:14:51
- Moving sucks, but maybe they're just looking to purge themselves of crap. - Warrin'_Illini October 23, 2023, 11:59:22
|
|