PriorSecurity9784
PriorSecurity9784 t1_j6mgk7g wrote
Reply to comment by beachvibes4 in I'm considering selling my home, renting for a year, then buying my second home in order to avoid some of the stress of trying to sell and buy at the same time. Is this a bad idea? by youAtExample
Why not wait until you find it to sell?
PriorSecurity9784 t1_j3vw8eu wrote
Reply to comment by thelatingringo in My grandfather at 17 years old in 1949. He was the kindest soul I’ve ever met and effortlessly cool. by deedeeEightyThree
Grandma noticed
PriorSecurity9784 t1_j2dpgb6 wrote
Reply to Movies often cater to hatred of the rich, despite being produced by the rich with rich actors by ardynthecat
If the antagonist is a caricature evil person (Eg Scrooge) it makes regular rich people seem nice.
So as long as the billionaires aren’t trying to tear down the beloved neighborhood thing to build condos, they’re ok
PriorSecurity9784 t1_j2doan2 wrote
Reply to comment by spazzyone in Any form of a true love triangle is impossible without some homosexuality by shiva8512
Hey bro, no homo, but want to have a love square this weekend?
PriorSecurity9784 t1_j6n9plr wrote
Reply to comment by beachvibes4 in I'm considering selling my home, renting for a year, then buying my second home in order to avoid some of the stress of trying to sell and buy at the same time. Is this a bad idea? by youAtExample
Not as much risk of that these days as last year.
And when that risk is highest, it’s also the highest risk of having the market pass you by while you’re renting.
When I bought/sold at the same time, I was able to get a local bank to do a bridge loan. Rates were a little higher, but it was repaid with the sale of my other house 30-45 days later, so a couple points of interest didn’t make that much of a difference.
And we knew we might be putting our old house on the market, so it was ready to list and show as soon as we put the new one under contract.
By the time we closed on the new one, we already had a contract (but not closed) on the old one, so bank was able to see that it was pretty low risk.
But I guess local bankers who know their borrowers are less common these days