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So I'm buying a house...
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8 bit orgy
There's no fucking way Obama will win FL and NV. There's like to democrats to speak of anywhere here. Even the younger adults are voting for McCain. Honestly, I never even met a democrat in Florida, period.
Joined: 27 Apr 2007
Posts: 2888
(Fri Feb 20, 2009 11:37 pm)
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Post     So I'm buying a house...

But I really have no idea what I'm doing. Should I get a foreclosed home?

What kind of down payments should I be expecting?
_________________
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YES
Ask me about nation, culture, religion, gender, sexuality, and identity in general being anachronisms from a more vulgar and primitive past.
Joined: 05 Sep 2007
Posts: 6090
(Fri Feb 20, 2009 11:46 pm)
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Post     Re: So I'm buying a house...

Where did u get the money?
Fagzilla
Got lost in another dimension for a couple months. But seriously, we will actually update the site within the next couple of days. http://www.bandzwiki.com/
Joined: 25 Aug 2008
Posts: 10111
(Sat Feb 21, 2009 12:34 am)
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Post     Re: So I'm buying a house...

A television series should be made about 8 bit Orgy and Matthew Outland buying a house together.
Potatoes
Joined: 06 Jan 2007
Posts: 3040
(Sat Feb 21, 2009 12:41 am)
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Post     Re: So I'm buying a house...

Find an abandoned home and live in it.
8 bit orgy
There's no fucking way Obama will win FL and NV. There's like to democrats to speak of anywhere here. Even the younger adults are voting for McCain. Honestly, I never even met a democrat in Florida, period.
Joined: 27 Apr 2007
Posts: 2888
(Sat Feb 21, 2009 1:12 am)
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Post     Re: So I'm buying a house...

Pat didn't know as much about me as he thought. I only came over his house like once a month to talk about sports. There's a lot I don't share with people; especially this board.



I should have bought a house sooner but this shit really is a logistics nightmare. It's not like buying a car.
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Potatoes
Joined: 06 Jan 2007
Posts: 3040
(Sat Feb 21, 2009 3:17 am)
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Post     Re: So I'm buying a house...

I'd like to know why you want to buy a house now, while the American Economy is crashing, and etcetera. Aren't you still going to school these days?
SuperPsaturn
SuperPSaturn
Joined: 21 Jan 2007
Posts: 2111
(Sat Feb 21, 2009 4:50 am)
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Post     Re: So I'm buying a house...

I would suggest a house with a flat reinforced roof that has an extremely wide surface area.
MADali
Basically, someone like me is the friend who is watching from afar and shaking one's head.
Joined: 21 Jan 2007
Posts: 6740
(Sat Feb 21, 2009 5:16 am)
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Post     Re: So I'm buying a house...

Why on earth would you buy a house now? I'm sure prices are still going down, and I don't know how easy it is to get a mortgage, given that banks are being now very cautious about credit.

Maybe you should just buy some video games instead?
L Ron Butterfly
I take pop music pretty seriously.
Joined: 27 Feb 2007
Posts: 3537
(Sat Feb 21, 2009 12:46 pm)
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Post     Re: So I'm buying a house...

8 bit probably gets paid to be white like I do.
Derek Payne
huhhhh *puke* huhhhhhuh come on mike save the game *puke*
Joined: 20 Jan 2007
Posts: 4743
(Sat Feb 21, 2009 4:39 pm)
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Post     Re: So I'm buying a house...

Is this what it's like when world's collide?
L Ron Butterfly
I take pop music pretty seriously.
Joined: 27 Feb 2007
Posts: 3537
(Sat Feb 21, 2009 5:12 pm)
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Post     Re: So I'm buying a house...

So THIS is what it sounds like when doves cry.
YES
Ask me about nation, culture, religion, gender, sexuality, and identity in general being anachronisms from a more vulgar and primitive past.
Joined: 05 Sep 2007
Posts: 6090
(Sat Feb 21, 2009 5:54 pm)
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Post     Re: So I'm buying a house...

I wonder if I could give MADali powers of attorny, that way he could borrow from arab banks for me
Magic Juan
Joined: 10 Jan 2007
Posts: 8709
(Sat Feb 21, 2009 6:28 pm)
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Post     Re: So I'm buying a house...

When you take the troll away, MADali knows absolutely nothing. It's a perfect time to buy a house!
MADali
Basically, someone like me is the friend who is watching from afar and shaking one's head.
Joined: 21 Jan 2007
Posts: 6740
(Sat Feb 21, 2009 6:51 pm)
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Post     Re: So I'm buying a house...

How so?

Either 8 Bit has to the money to buy property up front or he has to buy on credit.

If it is the first one, then it is possible the value of the land will fall in the coming months, meaning if he buys it in a few months, he would have benefited. This is entirely possible, because the economy situation is still very uncertain, but we are at least sure we have not hit the bottom yet. Until things get better, it will get worse, so why commit to buying something now when you could get a better deal later on?

If he is buying on credit, it would be stupid for the above reason PLUS the fact that he might have difficulties paying the installments if he faces some sort of economic challenges that cut his incomes. In the current situation, it is very important to make sure you have a safety net of capital in the bank, rather than being tied to financial commitments.

Magic Juan, it is capitalist pigs like you that have fucked everything up.
Sailor Bigglesworth
Joined: 23 Jan 2007
Posts: 71
(Sat Feb 21, 2009 7:55 pm)
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Post     Re: So I'm buying a house...

Get a real estate agent. Ask around for a good one. Trust me they are worth the money, they take care of all the paperwork and bullshit.

I'm living in the second home I've purchased. The first was a complete piece of shit and it's a miracle I got out from under it.

The most important thing you can do is evaluate the property as much as possible prior buying it. Get inspections for termite damage, electrical, plumbing, HVAC, you name it. Make sure no back taxes are owed, and that there are no leans against the property. This is more common in newer construction than old houses.
YES
Ask me about nation, culture, religion, gender, sexuality, and identity in general being anachronisms from a more vulgar and primitive past.
Joined: 05 Sep 2007
Posts: 6090
(Sun Feb 22, 2009 12:11 am)
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Post     Re: So I'm buying a house...

MADali is right; Magic Juan is like "duh prices are low now but just wait two years!"

Problem is, without cites or concrete evidence its a Psarosian argument to make.


Magic Juan probably has more FACTS than we do, even if he may be wrong in his conclusions
8 bit orgy
There's no fucking way Obama will win FL and NV. There's like to democrats to speak of anywhere here. Even the younger adults are voting for McCain. Honestly, I never even met a democrat in Florida, period.
Joined: 27 Apr 2007
Posts: 2888
(Sun Feb 22, 2009 12:31 am)
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Post     Re: So I'm buying a house...

This process will take some time. Like in 4-6 months or so. Florida is still a good market for homes so it won't make much difference if I pay $145,000 or $155,000. I'd rather find the right house, than the right deal (to an extent).

But I do know these banks are fucking retarded and buying foreclosed homes is like playing Russian Roulette.

So I need as much advice as possible right now; simply so I have enough insight to get it right half a year from now.

I'm trying to get real data on home prices to see exactly how long I have to wait for the market to bottom out. What's a good website for shit like this?
_________________
http://www.youtube.com/watch?v=rL1oU6fH25w
YES
Ask me about nation, culture, religion, gender, sexuality, and identity in general being anachronisms from a more vulgar and primitive past.
Joined: 05 Sep 2007
Posts: 6090
(Sun Feb 22, 2009 12:55 am)
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Post     Re: So I'm buying a house...

Frank, if you could seriously, practically get a 150k loan (or even installments therein) I would love to know your secret

My guess is you have some sort of collatteral from your parents that they didnt want you to use.
L Ron Butterfly
I take pop music pretty seriously.
Joined: 27 Feb 2007
Posts: 3537
(Sun Feb 22, 2009 2:25 am)
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Post     Re: So I'm buying a house...

8 bit, let's put our money together, buy a giant house, and turn it into an artist's commune.
YES
Ask me about nation, culture, religion, gender, sexuality, and identity in general being anachronisms from a more vulgar and primitive past.
Joined: 05 Sep 2007
Posts: 6090
(Sun Feb 22, 2009 3:31 am)
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Post     Re: So I'm buying a house...

Get real he would never do it except with one of the rich FTUers

That said I really do wonder if while in some coke haze he did put up a plausible plan of how to get a huge loan in Florida; I'd like to know his secret.


More likely hes bullshitting or has some old family collateral
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