Home buying thread

If someone is moving in they are paying rent

Apex_sl said:

There are people who I consider close friends who I wouldn't let live with me for more than a week or two.... I like my space and I know some people's lifestyles don't jive with mine.

I hope that works out but more often than not I've seen friendships ruined over situations like this.

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I was ready to kill my best friend after living with him for 14 months. Best thing we did for our friendship was me moving out on my own.

Noodlemod_sl said:

If someone is moving in they are paying rent

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And I don't take cash

Tenks_sl said:

I was ready to kill my best friend after living with him for 14 months. Best thing we did for our friendship was me moving out on my own.

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I lost my best friend after living with him for just 1 year. To be fair my fiance was also living with us. It was in short the worst decision I ever made. The guy was a real shitbag, but he was cool with me. I felt like I was some mediator between him and my fiance all the time. FUck that


I started the process of refinancing, gave them the 700 documents they requested. Hope this goes well. All relies on having our house appraised I guess.

It is tougher to appraise for more than you bought it for within 2 years* so if you're right at that threshold you may want to reschedule.

*may be completely wrong

Picasso_sl said:

It is tougher to appraise for more than you bought it for within 2 years* so if you're right at that threshold you may want to reschedule.

*may be completely wrong

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Yeah i have no idea

They're the ones that came to us in the first place, I didn't seek them out. Just doing it because she used cool buzz words in regards to lowering our payments

Our rate was pretty high when we first bought, I think the rates are way lower now.

Well if you're near 2 years and near to being out of pmi it could behoof yourself to investigate. If you don't have 20% off the principal yet having the appraisal come in higher could be big which wont happen if you can't show any improvements and been there less than 2. Lowering rate good regardless, but losing pmi could be bigger.

Removing PMI should be anyone's #1 priority(if they have it), as it is 100% wasted money that does zilch for the homeowner. It's the equivalent of just burning that money each month.

The ultimate optimist.

Defending PMI because you can deduct it on your taxes? This guy serious?

I wrote PMI off on my taxes and I still feel like it was 100% wasted.

I am getting back $9k in my tax refund though.

PMI is only deductible if you make less than $100k

Picture two raging forest fires, one to the north and one to the south of you. If you go south into the forest fire you have to throw $100 into it then run away before you die. If you go north you only have to throw $85 before you have to run away.

There is a third option here of course. Just walk in a straight fucking line and avoid both goddamn fires. How many people gonna choose to go north just because it saves them $15 bucks vs going south?

Der f?kenzweiller?

It's a flawless analogy. Like so many other internet analogies.

taebin_sl said:

PMI is only deductible if you make less than $100k

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a humblebrag vinen would be proud of

Combined income for most people, so not really a humblebrag:

You can deduct mortgage insurance as an itemized deduction if certain requirements are met. If your adjusted gross income (AGI) reaches or exceeds $109,000 ($54,500 if married filing separately) the deduction is eliminated.

Maybe that's why last year we couldn't deduct it but this year we could