Bought in Dec of 2020. I guess we’re never moving…
We bought in August of 2020 and paid a little less than the previous homeowner paid in 2013. Locked in at 2.75% interest on the mortgage and pay today about $500 more than we did for our apartment rent right before we bought.
The house we bought has two stories but would allow for single floor living as we age. We might move to something smaller when that time comes though.
All in all we feel pretty great and absolutely love our house! It’s on a bluff overlooking the Mississippi River and we call it our treehouse.
I think I closed in December 2019
My house is literally one of a kind. On the national historic registry and also recognized by the city. Two cute bronze plaques attached to the front near the door. It’s a Tutor Revival that has been kept in its original state almost religiously.
It’s my favorite house I have ever seen so I’m lucky. Looking at it is just awe inspiring… It’s actually awesome
It sounds awesome but I would personally hate living in a home like that as you’re not allowed to do anything to it and any repairs have to be done in a specific (and more expensive) way. It’s like living in an HOA on steroids.
Bought in 2019 at 3.75, refinanced to 2.5 in… 2020 or 2021.
It was supposed to be a 3 or 5 year home. Now, we can’t afford to sell it. It’s small, which was great at the time, but we need more space now. But there’s no room on the lot to add on.
The current plan is to build a shed and move my office into it if we need that room for anything.
Can you rent out your current home and rent something more suitable for yourself until it makes sense to jump back in the market?
Many homeowners are becoming “accidental landlords” these days because of this peculiar situation.
I probably could, but I don’t really want to be a landlord. Some moral feelings there, but honestly it’s more about the business/bureaucracy side of things. I just don’t want to deal with it.
I understand. If you don’t want to deal with the business side of things, you could have a property management company do it. They usually take 8-10 percent of the rental price. But then you don’t really have to do anything.
Bought my house in 2019 before the market went crazy and then I refinanced when the interest rates went down to 2.2%. I still can’t believe how lucky I got.
