A weight lifted off my shoulders.

Woody said:
My first house was 11.25%, 30yr fixed in 1979. Those were the days hey.
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We got kind of screwed. When we started out buying houses we paid usurious interest rates for mortgages, but the interest you could make on savings was fantastic. Now that we’re older and have some shekels to squirrel away in different places we can only get a couple of percent interest on CD’s or savings accounts.
Thank God for the stock market and God Bless the Trump Bump!
 
Getting a mortgage paid off sure does feel good. We paid our off last year, 15 years early.

Of course then we went out a bought a boat this year. We plan to have it paid off soon though.
 
That's kind of scary though. When I bought my house 3 years ago, they rejected my full-price offer the second day it hit the market. Right now there are for-sale signs sitting in yards since spring, and they're dropping prices.
 
RollerCoastr said:
That's kind of scary though. When I bought my house 3 years ago, they rejected my full-price offer the second day it hit the market. Right now there are for-sale signs sitting in yards since spring, and they're dropping prices.
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I have noticed the same thing. It wouldn’t hurt my feelings one bit if things slowed down a little in my business. We’ve been running like crazy for the last 5 years. It would be nice to catch our breath.
 
We are on pace to be debt free in 5 years. Wife turns 50, twins turn 18, last house payment will all be on the same day.
 
RollerCoastr said:
That's kind of scary though. When I bought my house 3 years ago, they rejected my full-price offer the second day it hit the market. Right now there are for-sale signs sitting in yards since spring, and they're dropping prices.
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In my town time on the market is directly related to the price. Larger houses of $600k-ish are languishing. Smaller houses in the $300's and $400's go very very fast. One consideration is the property tax burden. A larger (not LARGEST) house in my town can easily have an annual tax bill over $25,000.
 
I wonder what the market was like there 3 years ago? My house was listed on a Thursday. When I viewed it on Friday there were 10 realtor business cards on the counter. I made a full-price offer on Saturday morning and it was rejected.

Recently the house 3 doors down sat on the market for 8 months and sold for $100k under asking. I'm not feeling great about my large mortgage right now!
 
RollerCoastr said:
That's kind of scary though. When I bought my house 3 years ago, they rejected my full-price offer the second day it hit the market. Right now there are for-sale signs sitting in yards since spring, and they're dropping prices.
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Market is still pretty hot in my neighborhood. Nothing really sitting on the market too long. My buddy is a local attorney who does real estate closings as part of his practice. He’s been super busy.
Starter houses (sub 500k) are getting lots of action and the bigger move up houses are still going strong. Had two on my block in the 700-800 range go pretty quick recently.
 
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