Anonymous
Post 03/02/2023 19:43     Subject: I was so close and now I’m shut out
Anonymous wrote:
Anonymous wrote:Was so close to buying in 2020 and 2021 and now those properties I could afford at 1.2 and 3% are at 1.7 and 6.8% and I am locked out of the UMC for the rest of my life. No equity here.



Why does a single woman need at $1.2 houses let alone a $1.7M house.


I have 2 kids. And you are missing the point. No house that was 1.2 2 years ago should be 1.7 now.
Anonymous
Post 03/02/2023 19:36     Subject: I was so close and now I’m shut out
Anonymous wrote:
Anonymous wrote:Why not look in another state where real estate isn't bonkers? Are you close to retirement? Maybe a jump start on finding a low key place to spend your twilight years?


No. Because of inflation and this lack of equity I will be working until I die.


You seem to blame many things for your lack of financial nonce.
Anonymous
Post 03/02/2023 19:35     Subject: I was so close and now I’m shut out
Anonymous wrote:
Anonymous wrote:OP, I'm sorry. Keep saving and see what the next year or so looks like before giving up. Right now seems like the worst time before it gets better.


I thought that last year. And the year before. I could have stretched to get my dream/forever home. Now it will never happen. I don’t have the ability to magically produce $500K for a $1.7m house that was 1.2 less than 3 years ago.

I just didn’t see this coming. I thought I had time. I feel like I got hit by a truck. I have been frugal for so long and I should have spent it.


Too bad u are poor. Sorry for you to face reality. Buy a house you can afford.
Anonymous
Post 03/02/2023 19:33     Subject: I was so close and now I’m shut out
Anonymous wrote:Was so close to buying in 2020 and 2021 and now those properties I could afford at 1.2 and 3% are at 1.7 and 6.8% and I am locked out of the UMC for the rest of my life. No equity here.



Why does a single woman need at $1.2 houses let alone a $1.7M house.
Anonymous
Post 03/02/2023 19:26     Subject: I was so close and now I’m shut out
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP, I'm sorry. Keep saving and see what the next year or so looks like before giving up. Right now seems like the worst time before it gets better.


I thought that last year. And the year before. I could have stretched to get my dream/forever home. Now it will never happen. I don’t have the ability to magically produce $500K for a $1.7m house that was 1.2 less than 3 years ago.

I just didn’t see this coming. I thought I had time. I feel like I got hit by a truck. I have been frugal for so long and I should have spent it.


PP here. I get it. I deeply regret not moving to our new location in the Summer of 2020. We could have had our dream home for much, much less than it costs now. We waited until Summer 2022 to move and now we're renting and hoping and hoping and renting. I still say don't despair quite yet. We've bought multiple homes in competitive markets, so we're not permanent fence sitters. Negotiate with your landlord or move to a cheaper rental. Save as much as you can. Prices don't only go up despite the realtor hype.


I’m already in the cheaper rental. My landlord refused to negotiate.
Anonymous
Post 03/02/2023 19:26     Subject: Re:I was so close and now I’m shut out
OP, why do you need a house that's worth $1.7 million? I live in a lovely neighborhood in Silver Spring where you can find some homes for half that.
Anonymous
Post 03/02/2023 19:23     Subject: I was so close and now I’m shut out
Anonymous wrote:Why not look in another state where real estate isn't bonkers? Are you close to retirement? Maybe a jump start on finding a low key place to spend your twilight years?


No. Because of inflation and this lack of equity I will be working until I die.
Anonymous
Post 03/02/2023 19:14     Subject: I was so close and now I’m shut out
Move to Atlanta.
Anonymous
Post 03/02/2023 19:10     Subject: Re:I was so close and now I’m shut out
Anonymous wrote:
Anonymous wrote:There are $600k houses around here


They are dumps and not work more than $300K


Neither are the houses worth 1.7

Sorry, not sorry that you’re too poor and want expensive things you can’t afford. Tough luck.
Anonymous
Post 03/02/2023 18:58     Subject: I was so close and now I’m shut out
Timing is everything. I'm sorry.
Anonymous
Post 03/02/2023 18:57     Subject: I was so close and now I’m shut out
Anonymous wrote:
Anonymous wrote:OP, I'm sorry. Keep saving and see what the next year or so looks like before giving up. Right now seems like the worst time before it gets better.


I thought that last year. And the year before. I could have stretched to get my dream/forever home. Now it will never happen. I don’t have the ability to magically produce $500K for a $1.7m house that was 1.2 less than 3 years ago.

I just didn’t see this coming. I thought I had time. I feel like I got hit by a truck. I have been frugal for so long and I should have spent it.


PP here. I get it. I deeply regret not moving to our new location in the Summer of 2020. We could have had our dream home for much, much less than it costs now. We waited until Summer 2022 to move and now we're renting and hoping and hoping and renting. I still say don't despair quite yet. We've bought multiple homes in competitive markets, so we're not permanent fence sitters. Negotiate with your landlord or move to a cheaper rental. Save as much as you can. Prices don't only go up despite the realtor hype.
Anonymous
Post 03/02/2023 18:53     Subject: I was so close and now I’m shut out
Why not look in another state where real estate isn't bonkers? Are you close to retirement? Maybe a jump start on finding a low key place to spend your twilight years?
Anonymous
Post 03/02/2023 18:32     Subject: I was so close and now I’m shut out
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP, I'm sorry. Keep saving and see what the next year or so looks like before giving up. Right now seems like the worst time before it gets better.


I thought that last year. And the year before. I could have stretched to get my dream/forever home. Now it will never happen. I don’t have the ability to magically produce $500K for a $1.7m house that was 1.2 less than 3 years ago.

I just didn’t see this coming. I thought I had time. I feel like I got hit by a truck. I have been frugal for so long and I should have spent it.


I feel your pain.

I know you don’t want to overspend. I get that.

But I would hate to still be paying rent.


Oh FFS get some perspective
Anonymous
Post 03/02/2023 18:11     Subject: I was so close and now I’m shut out
Just buy where you can afford and be happy. Or rent and buy a vacation home. Or rent and keep your savings secure so you never have to worry about elder care, particularly given you’re unmarried and perhaps don’t have children.

It sounds like you have a lot more money than most in this area.
Anonymous
Post 03/02/2023 18:01     Subject: Re:I was so close and now I’m shut out
OP where do you want to live and why? There’s probably an alternative that will be the same in most meaningful respects.