Haha my dad and I use the same account, we created it a few years back. Yes my

Aug 9, 2020
8:02:46pm

Cosmo4life Starter

Sister got $1000 scholarship due to COVID-19. She declared herself independent so she gets Fasfa and awarded this COVID-19 scollie

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Cosmo4life

Bio page: Cosmo4life
Joined: Jan 18, 2017
Last login: Feb 7, 2022
Total posts: 2,445 (17 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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