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Aug 9, 2020
10:29
:17
pm
kotacoug
Intervention Needed
Maybe get different accounts. Pretty easy to set up. You’re going to be in here
A lot more in the future.
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kotacoug
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kotacoug
Joined
Jul 20, 2002
Last login
Jun 7, 2024
Total posts
80,989 (4,701 FO)
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Messages
Author
Time
I need Real estate advice in Utah!!
Cosmo4life
8/8/20 9:14pm
Either buy a home in Tremonton or buy a townhome in Weber county.
RdF3
8/8/20 9:17pm
Market isn’t going to drop.
Future_Tacos
8/8/20 9:21pm
This. My wife talked me into buying first home 2 years ago and I thank her daily
All-around BYU
8/8/20 9:29pm
Same. I wish we'd bought in 2016 when we originally had been looking. But
CougarTailDevourer
8/8/20 9:34pm
No offense, but this advice is nonsense.
BlackHawkCoug
8/8/20 9:44pm
agreed. I don't know why people think history won't repeat itself.
Mayor of Cougartown
8/8/20 9:56pm
Because it's being driven by different forces this time. See the explanations
CougarTailDevourer
8/8/20 10:14pm
Difference is:
Future_Tacos
8/8/20 10:11pm
Why would it? Utah is having a population explosion. Much of which is natural
CougarTailDevourer
8/8/20 10:13pm
Does that really matter if they're in the home long term? Interest rates are
ManicBlue
8/8/20 10:14pm
Can you explain what you mean by the refinance point?
eysikal
8/8/20 10:16pm
Are you going to short the market then with your own money?
valleus
8/8/20 11:02pm
Lose a lot? Just don't sell until the prices rebound.
Zman
8/8/20 11:41pm
The big banks would tend to agree with you. They have all set aside Billions of
Nat Gas Man
8/8/20 11:49pm
We did this. Turned a $170k house into a $275k house in 4 years.
HomeTownHero
8/8/20 10:25pm
I think these kind of opportunities in Utah are gone for now, but congrats
BigT801
8/9/20 12:35am
Money savvy landlords are selling right now in anticipation of cashing out at
byusage
8/9/20 6:59am
I think your wife will need to either change her expectations or accept reality. A fixer upper isn’t for everyone. But
YIsForBrigham
8/8/20 9:26pm
Whatever you do, interest rates will likely never be lower in your lifetime
PortlandBlue
8/8/20 9:33pm
<< Deleted >>
rivercitycoug
8/8/20 9:28pm
2007 we were in a similar situation. Paying a half million for a crappy house
grosven
8/8/20 9:32pm
I don't see the Utah market going down soon.
Bill_The_Cat
8/8/20 9:47pm
Who knows right? If it’s affordable, and you like it, go for it. FOMO bad reason
grosven
8/8/20 10:03pm
But then the rates will be higher. So the payment would be the same. Might as well by now at the lowest rates ever.
cougsrule
8/8/20 9:52pm
DINK it up as long as possible
TCuz
8/8/20 9:35pm
I would try and wait 4-7 years if I were you. Save more for down payment.
cougfanz
8/8/20 9:40pm
I doubt they'd save more than the market increases.
Lip Gallagher
8/8/20 9:58pm
Time to adjust expectations
RockyBalboa
8/8/20 9:51pm
It sounds like that should be an easy find up there.
Lip Gallagher
8/8/20 9:52pm
Buy. You will be happy you did. Payments are so Low due to rates. It’s never been more affordable based on rates.
cougsrule
8/8/20 9:54pm
Town home? I got a 2000 3 bedroom 4 bath for $239k
v1k0u6
8/8/20 9:55pm
If your wife is going to quit to be a SAHM, then until that time, save every penny she earns toward a down payment
KingDave
8/8/20 9:56pm
Yes! Practice now living as if you only have one paycheck and just save all your
StutterOfTheCougar
8/8/20 10:04pm
Do a zillow search for foreclosed homes. More people may be having financial
StutterOfTheCougar
8/8/20 10:03pm
RE: Do a zillow search for foreclosed homes. More people may be having financial
Lip Gallagher
8/8/20 10:28pm
Pay over 400k. You can afford it.
Heath Squashwell
8/8/20 10:22pm
Can you delay a family for a year or two? I’d live extremely frugally, save 100%
valleus
8/8/20 11:06pm
Since you're young, shoot for a starter home, not a forever home
machete
8/8/20 11:17pm
I've got a coworker who I'm pretty sure lied on his credit application & built a
delux_247
8/8/20 11:24pm
We moved to St George (a bit cheaper housing) and luckily found a great place for under 400K. This was a year ago.
ocmyhome
8/8/20 11:33pm
Box Elder County
Pickett
8/8/20 11:57pm
Man, you can get a lot of house for not very much money there.
KingDave
8/9/20 12:06am
Is this for real?
BigT801
8/9/20 12:33am
<< Deleted >>
abyunobody
8/9/20 1:16am
<< Deleted >>
abyunobody
8/9/20 1:21am
<< Deleted >>
abyunobody
8/9/20 1:30am
Unless you’ve recently paid off a lot of debt it seems like any decision needs to start by examining your budget.
NihonCougar
8/9/20 1:25am
I thought you had a daughter at BYU?
CrackerJack
8/9/20 1:37am
So this poster is basically a fraud. His other post is a lie as well.
kotacoug
8/9/20 8:21am
He also posted this too.
Delicate Genius
8/9/20 8:29am
That’s what I was referring to. Posters like this should be exiled.
kotacoug
8/9/20 8:37am
In that thread he said his daughter just got the email from BYU re: her tuition
BYU'01
8/9/20 4:20pm
2nd wife and family?
Yllage Vidiot
8/9/20 6:57pm
Could he have let his son or daughter use the account to post the question? As
CougarTailDevourer
8/9/20 9:58am
Misinformation alert!
Yllage Vidiot
8/9/20 2:57pm
Haha my dad and I use the same account, we created it a few years back. Yes my
Cosmo4life
8/9/20 8:02pm
Maybe get different accounts. Pretty easy to set up. You’re going to be in here
kotacoug
8/9/20 10:29pm
Rethink what you believe is a starter home
CasualFan
8/9/20 5:38am
Wait it out, man!
BringYourUltimate
8/9/20 7:00am
You are the worst.
abyunobody
8/9/20 9:05am
So was this a giant troll job?
Lip Gallagher
8/9/20 9:59am
Real estate market is not a lot different than stock market....
Notparticularly
8/9/20 10:40am
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