Buying A House: C or D?

You probably know this, but you need to factor in the closing costs on the new mortgage when you compare the savings. I did the calculations when we refinanced a number of years ago and it only made sense if we were staying in our house for longer than 3 years (which we did).

yeah we break even after about 18 months, which is about as soon as we might move. so at worst it's a waste of time.

That's pretty good then.

where you moving, caek?

ask me after the election :-)

holy shit, you're joe biden

I’m still chuckling about david thewlis puking into his office trashcan

Buying a house you've not set foot in: C or D?

It does not appear to have a retaining wall. I think.

Where is it?

Half block east of Alice Keck. Not sure what that area is called. Also not sure how to pronounce the name of the street. Also not 100% clear on the house layout. But made an offer. Livin on the edge here.

wow you are braver than i

what could possibly go wrong

I did that! but i had my mom walk through and get an assessment.

Yeah our realtor did a walk through and took video. There will be an inspection. And offer hasn't been accepted so who knows how it will all shake out. Cute fucking house, though!

that's a great spot! House looks charming and non stucco, which is a plus. I hope you guys get it.

Alice Keck hosts some of the funkier local festivals, solstice and earth day

Some bodegas in the area and victoria has good food. We lived nearby on anapamu for many years. You could also walk to shows at the bowl!

also promise to try yoichi's when it is dine-in again and report on if it's worth it.

Fingers crossed! It is a quirky house in a quirky spot sandwiched between two multifamily buildings, but I consider that a feature not a bug, don't have that in the 'burbs.

xpost what makes you think I will have any money after all this SB real estate stuff?

I will be eating the cheapest tacos

That’s a dope spot imo

cute house indeed, please let me know if you figure out how to pronounce the name of that street

Micheltorena?

How is it pronounced? I have no idea.

Does house have a dishwasher? Also no idea.

just another excuse to only eat tacos

U understand me <3

Does house have air conditioning? No idea.

we pronounce first part like "michelin" and the last part like spanish "morena"

I only recently learned the correct pronunciation of Goleta

i would say with some confidence i am not seeing a dishwasher

I've always heard the first part as mitchel, like the name.

Yeah, that is correct. There's a -tch there.

But the "el" is more like that in "shell" i think

My my my my micheltorena

I bought our current house solo and my wife only saw realtor pictures and a facetime walkthrough before setting foot in the place. It was the third house we'd bought so we both felt pretty confident I wouldn't totally fuck it up but still.

There were two different houses that we thought from the listings we would offer above asking price and then on seeing them decided not to offer at all. Based on my experience I would not buy a house without setting foot in it, there were just too many things that I could only get a sense of from being in the space. I guess with a really trusted realtor who has your best interests at heart and knows your taste doing a walkthrough with you on facetime, that might change things a bit.

right now, there will be maybe one house per month that even interests you.

there's a $1.15M listing with a top down picture. the current residence is highlighted and has overlaid text saying "existing building (to be demolished)". then there's a yellow box that says "footprint of proposed duplex". if you look at the existing building, a corner of it is hanging off a seacliff.

FWIW I'm not crazy picky about details in a house. Either I can live with them or change them. Location is the biggie for me and in a hot hot hot housing market across the country, I don't really have the luxury of in-person visits at this point.

Yeah, I get it, and your circumstances are what they are. There are still different kinds of "details" though -- there's I don't like the color of the countertops and then there's "it reeks of mold down here" or "the house vibrates when I walk normally" or "I can hear the highway even though it looked far away enough on the map" or "something looks fishy about this renovation and I have a gut feeling it's concealing something"

IDK how inspection works in your market -- in NY you typically have an inspector before you sign the contract and you don't put down a deposit or sign anything binding until the contract, so that can give you some comfort in making an offer since you aren't really bound by it pre-contract.

quincie's potential spot may have some terrible duck noise or too many laughing children enjoying themselves before sunset. in california (and I think everywhere), you have a lengthy contingency period where you can back out after uncovering something awful without repercussion (outside of inspection fees and time). there's also no "down here" to get moldy in california.

a bank not letting you do too stupid shit with their money is an underrated part of needing a mortgage

Yeah I was totally shocked at how easy it is to get out of a contract in CA! Tons of protections for buyers. Not the case where we sold our house. We refused to look at offers that had any contingencies whatsoever.

Welp didn’t get that one, beaten by all cash offer over asking.

Yeesh. Sorry to hear it. You'll find another spot.

Supply is apparently low now, so it's a seller's market, despite the Covid/unemployment sitch.

It depends on the location. Chicago looks like a good deal rn.

i am tempted. But i am also too soft for chicago winter now.

Yeah I was totally shocked at how easy it is to get out of a contract in CA! Tons of protections for buyers. Not the case where we sold our house. We refused to look at offers that had any contingencies whatsoever.

― mom tossed in kimchee (quincie), Friday, 16 October 2020 5:23 AM (twelve hours ago) bookmarkflaglink

Ha, in Australia if you are highest bidder at an auction, you bought it, no backsies.