#first-time homeowner

[lovingazhomes]

Are Mortgage Rates Making You A Little "Fraidy-Cat"?

Sellers: Don’t Let These Two Things Hold You Back Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Don’t be a…

[reunitedinterlude]

homeowning homosexuals (x)

[housewifebuck]

Who up and wanna take me out back and shoot me rn

[onefail-at-atime]

Everyone,

It's time to WAKE UP and start asking those in your community how they're going to work to stop build-to-rent communities from becoming a mainstream housing option. This isn’t just an American housing issue either. It's become a problem in Canada, the UK, Ireland, and even Australia. Home developers are no longer looking to invest in building for sale home communities. No, corporations are investigating in housing properties to build with the intent to rent. Forever.

These developments aren't new homes for sale. They're not even rent to own communities. No, they're brand new houses/condos that are being built for the sole purpose of helping corporations make a profit now that commercial real estate has become such an unpredictable market.

Americans are already familiar with the apartment living build-to-rent model that has consumed so much of the housing market that it's just natural. For my European friends, they're shocked to hear just how many apartment buildings are built for the sole purpose of being a permanent rental building. Month to month rent that has already increased nearly 50% in just 5 years.

Don't sit on this issue. Don't buy into the grand scheme that economists put out there that this will help the housing crisis because it won't. All it will do is cripple a consumer's buying power more than it already has been since the pandemic.

Housing 👏 is 👏 not👏 for👏 corporate 👏 gain.

[phd-in-prog]

ah fuck I need to submit this paper by May 30 and complete our fixer-upper renovations by June 3 and defend my proposal by August 30 and defend my thesis by December 11 and not die of stress

[sidewalk-scrawls]

Our kitchen sink is fixed and the dishwasher that's been on our back steps for 3 weeks is gone! Now to deal with the black mold, rotten kitchen cabinet, and (hopefully) a new dishwasher

[coquelicoq]

yeah sex is great but have you ever unflooded your street by removing leaves from the storm drains using the litter-grabber tool you bought from lowe's two weeks ago for that exact purpose?

[exploring-in-space]

Not me telling my mom I would come down to visit her for Mother's day and then realizing that's the same weekend Tears of the Kingdom comes out.

...and then telling my mom I can't actually come down 🫣

[stonerzelda]

i think my life would improve so greatly if i could justtt and i mean Just move out lol

[aheartofgold]

.

[skillzyo]

Hm. debating pulling money out of my 401k so I can make a down payment on a better place to live.

[fabioafterdark]

telling my bf as a joke that when i move in with him i get to redecorate his bathroom w a pink bathtub + sink + toilet. hes somehow not averse to the idea

[fcfwealth]

What Are The 7 Key Benefits of Taking a Home Loan?

People spend years waiting to buy their homes. While some take loans, others are hesitant because they don't know the benefits. This article will explore the seven key benefits of taking a home loan and how it can be a practical financial decision.

What is a Home Loan?

A home loan is a secured loan provided by banks or financial institutions to help individuals purchase a house, apartment, or piece of land, or renovate, expand, or repair an existing property. The property serves as collateral for the loan itself. Home loans offer high-value financing at relatively low interest rates and come with flexible repayment options, usually through Equated Monthly Installments (EMIs). If you wish to know more, reach out to home loan agents in Jaipur.

Key Benefits of Taking a Home Loan

1. Lower Interest Rates

One of the primary advantages of a home loan is the lower interest rate compared to other types of loans. Since home loans are secured, lenders are willing to offer more favourable rates. Additionally, existing home loan borrowers can avail of top-up loans at these lower rates, which can be used for other financial needs, providing an economic alternative to personal loans.

2. Tax Benefits

Home loans come with significant tax benefits under the Income Tax Act. Borrowers can claim deductions on both the principal and interest components of their home loan EMIs:

Section 80C: Allows a deduction of up to Rs. 1.5 lakh on the principal repayment.

Section 24: Allows a deduction of up to Rs. 2 lakhs on the interest that's paid for a self-occupied property.

These deductions can substantially reduce your taxable income, leading to significant tax savings.

3. Liquidity

Opting for a home loan helps you maintain liquidity. Instead of exhausting your savings to buy a property outright, you can pay a fraction of the cost as a down payment and preserve your cash reserves for other investments or emergencies. This ensures that you have liquid funds available for unforeseen expenses and opportunities.

4. Due Diligence by Banks

When you apply for a home loan, banks conduct thorough due diligence on the property to verify its legal standing and ensure clear ownership. This reduces the risk of fraud and legal complications, providing an added layer of security to your investment.

5. Boosts Credit Score

Timely repayment of your home loan EMIs helps build a strong credit history, enhancing your credit score. A good credit score increases your creditworthiness, making it easier to obtain other loans or credit in the future at more favourable terms.

6. Flexible Repayment Tenure

Home loans offer flexible repayment tenures, often extending up to 30 years. This flexibility allows you to choose a tenure that best suits your financial situation. Longer tenures mean smaller EMIs, making it easier to manage your monthly budget. You can use an EMI calculator to determine the optimal tenure and EMI amount for your loan.

7. Less Financial Burden

By spreading the cost of your home over several years, a home loan reduces the financial burden of making a large lump sum payment. This gradual repayment approach makes homeownership more accessible and financially manageable.

Conclusion

Home loans are not just a means to an end but a strategic financial tool that offers numerous benefits. From tax savings and maintaining liquidity to boosting your credit score and ensuring due diligence, home loans provide a comprehensive solution for aspiring homeowners. Flying Colors, a reliable home loan finance company in Jaipur, can help you throughout the loan process.

[lk-freelance]

The Benefits of Homeownership: Building Stability, Equity, and a Sense of Community

Homeownership is often considered a cornerstone of the American Dream. Beyond the pride and joy of having a place to call your own, owning a home brings a myriad of benefits that can enhance your financial stability, personal well-being, and community engagement. Here are some of the key advantages of owning a home. Financial Benefits 1. Building Equity One of the most significant financial…

[phd-in-prog]

dissertation proposal defense: summer 2023

I intended for it to be this spring semester 2023, but unfortunately I'm going to be participating in a multi-week partial hospitalization program for mental health (it's outpatient but every single day for hours!) and between that and the paper due in May I just don't have the time to fully dedicate to the proposal

my husband and I also just bought a real fixer of a fixer-upper which has been WILD but also REALLY taking my brain away from my work

anyways sorry for the ramble I just needed to get that out of my system thanks babes

[inbabylontheywept]

the house i grew up in was a little bit of a fixer upper. for the first 19 years, my dad just sort of slowly fixed it, but pretty early on in college, he came into a large amount of cash and decided to just do the whole thing at once. so he rented a different house for like, 2 months that was just a block down from us, and then got a bunch of contractors to fix original house ASAP. it was kind of crazy, but it compressed many years of work into like, three months.

the sitting in a new house for three months was actually pretty fun. and i shouldnt really complain at all (staying at home while in college is a sweet deal)

but.

but. my parents are fairly hard of hearing, and their bedroom in the old house was in the furthest possible annex from everyone else. wheras in the rental it was just in the middle of the house. so without going into details, i was extremely aware that my parents were having sex like, eight times a day. my dad had just retired and i guess they were celebrating, which is great i guess, having parents that really like each other is way better than the alternative, but also, it did make me envy their deafness. i kept headphones on for so long that year i got literal ear calluses.

at the same time, the house my buddy from the shoe incident grew up in flooded. turbo flooded. they burst like, two pipes at once and the damage was so severe they had to redo all the flooring and all the drywall. his family actually had homeowners insurance, which is either incredible or suspicious for a family that used the drained pool in their backyard to store rusty scrap metal. so insurance was handling the work, but in the meantime, they were crammed into a very small hotel room space. we did the math on it then, it averaged about 80 square feet a person.

so one day i got home, and i was chilling, and then six rolled around, and apparently six o'clock was sex o'clock because my parents decided to flex their cardio. i grabbed my headphones and prayed that god would do for me what he did for beethoven, but that failed to work, and then seven rolled around and my parents were still at it, which again, very impressive, but was pushing me to swap out judas for mozart in those prayers. there's a definitive point where you stop praying to be deaf and instead pray that god could take you to a nice field and pop you like a gore-balloon.

i was about five minutes away from that point when my friend called me and basically said i have been stuck in a 500 square foot space with 6 people and i didn't have many marbles to start but what few i had are gone. please. if we are friends, if we were ever friends, take me out of here just for a moment.

and i was still pretty mad at him, but i had pity on the poor guy. also helped that i was desperate to leave the house. so i drove the chickenshitmobile to the hotel and i picked him up, and then we did our normal hangout activity, which was go to food city and buy produce. his normal house was, on a good day, nasty, and his backyard was, as i stated before, mostly used to store mosquito larvae and rusty metal, so what we'd always done before was just walk to the grocery store a half block away and leer at vegetables.

so we did that and it was like old times again. they had some radishes that were expired, so i could buy like, literally an entire grocery bag of them for about $5. so i did. i really like radishes. he got a coconut because he liked fruit and beating things with hammers.

which probably would've been great except we didn't have a hammer, so instead we spent about 30 minutes stomping itike it owed us money. when it finally cracked we cheered like we just got the winning touchball at the superdome and then he ate some of the flesh, and i ate some of the radishes, and we admired the black, starless sky of the city before i took him back to his hotel room.

and then we got pulled over.

i forgot to turn my lights on because the street all around the food city was ludicrously well lit. so it went from being pretty bright, to pretty bright and flashy, then i pulled into a parking lot and a cop came to ask us for IDs which is where everything went to shit:

i’d forgotten my license at home. 

the cop was was actually kind of chill about it - he said he could get by with just an address. except i did not know my address. i hadn't memorized the new one yet. so i told the cop, my house is getting remodeled, i don't know my address right now. and then he went to my friend, and my friend said the exact same thing. house getting remodeled, staying somewhere else, no address, sowwwwwwy.

now the cop genuinely didn't know what to do. he went back to his car, and i was stressed that i was about to get into HUGE trouble so i started eating the radishes and my buddy started eating more of his coconut, and we actually managed to eat like a quarter of both before the cop came back. we ate enough produce that he could smell something weird in the air, and he asked what the smell was, and i said radishes, and my buddy said coconut, and the cop said which, and then we produced a large bag of droopy radishes and an absolutely brutalized coconut, and the cop was just like

so my buddy tried explaining how he was sharing a 500 square foot apartment with 6 people and wanted a fruit he could fight with power tools, and i tried explaining how i'd actually tried buying my parents like, board games and puzzles and stuff but nothing worked - the only thing my parents seemed to like doing right now was each other, and we both went on long enough and pathetically enough that the cop eventually went:

ok. stop.

and we stopped.

and he said do you know why i pulled you over?

and i said, because of my headlights, and my friend (who is hispanic) and the cop both looked at me like like i was the dumbest person in the entire world. and then the cop said no. that's why i'm allowed to pull you over. i checked your car because this neighborhood has a terrible sex trafficking problem, and i pull over every car i can to make sure no one is buying or selling sex. and you two are obviously doing neither. now i could give you, like, four tickets right now, but that would do nothing to make this area safer, so just turn your lights on, go home, drive safe, and try to be less stupid in the future.

and i said okay but i was thinking, you know, damn, this is just how i live man, i don't have a hidden third gear i can shift into. people can't just get smarter because it would be convenient. it's always convenient to be smart. i am literally trying my best.

but i didn't say anything because i was, slowly, learning how to filter what i said. instead i nodded and the cop left then i dropped my buddy off, and the last thing he said was said he owed me for responding to his SOS. I said he owed me for a lot of things, and he agreed that was true. then i drove home with my lights on, 5 under the speed limit, and arrived to a peaceful quiet home. I could’ve wept with relief but instead I went to bed.

the relief was short lived. i was woken up at 6 am by my parents. i swore, and then i prayed, and when i did not explode, i swore again. then i got up to make breakfast before my first class.