$456.15 for 60 months, 6.5% interest, $0 down.

If you're going to be paying $800+ per month on a Lightning, how the heck do you afford anything else? Do you live w/ your parents and not have any other bills?

 

$998.34 / month for 48 months $0 down @ 4.9% for my 2001 L that I have since sold. Oh yeah, that is in CAN $.

 

My 2004 L is $535 per month @ 3.64% APR for 66 months, $1000 down. Full coverage insurance is approximately $125/month, and I'm 25.

And as far as having a $600 or so house payment, AmoJohnny, its because they don't live in F'n California like we do, where we can't pick up a halfway decent house for below $200k these days. If we were to move out to St. Louis or Minneapolis, $200k would get us a REAL nice custom house.....And we'd be able to get ABOVE 91 octane gasoline for less than the $2.35+ per gallon we pay for our crappy gas .

Welcome to California, the 'rental capitol' of the U.S. - If you didn't buy a house 5+ years ago and you are middle-income, good luck buying a nice one in a nice neighborhood/city now. My rent is $1200/month and that is getting off GOOD b/c my landlord is my aunt. She could easily rent her place for $1600/month.

 

It's amazing what a difference location makes. I grew up in Cali but have been away for 6 yrs in the military. I'm in SE GA where most people's monthly mortage payments are $500 to $900 tops, and gas is still $1.49/gal...well $1.69 since us L owners have to buy premium. My L payment of $505/month is more than some people's mortages, and way more than most rent for apartments here. It's worth it for my L though.

 

For all you guys complaining about house prices this is the time to buy. The housing market in places like CA, NY, etc... has boomed over the last few years and because of the amount of people in those areas are ever increasing and there is no more land the housing market will or should remain stable for years to come. However rates fluctuate much more with the bond market.

Rates are at an all time low. 30 yr fixed @ 5% right now is just plain cheap.
you can email me for more info tbraunworth@blsfund.com

 

A few years ago was the best time to buy. Buy low sell high. But then again, real estate is always good to buy.

Killa B... 200k for a nice custom house just blows my mind. 300k for a somewhat OKAY condo is what im used to.

 

I know exactly what you are feeling. Believe me. California has our way of thinking in terms of prices all screwed up.

 

Sit tight , $987.36 per month 2 year Lease. I got ok credit, little established but trying

 

yep I know all about the Cali prices, like b_dawg68, I too am in the military and have been away since 1999. It's freakin crazy how damn expensive it is there. I love it there but could never afford to live the way I do here in TX where I am stationed in cali. I'm 24 with a nice house (%5.5 interest rate) and a fat L and my wifes ok 02 grand am and I still have my stang but I'm not going to be dumb when I can use money to put towards my L loan once it sales. I figure my payment will drop to about $340ish. I can't see how some of you pay so much for your L, but I guess you gota get what you really want.

 

There's an advantage to having a Gen1 $110/month, and will be paid off next year. '01 Suzuki Esteem, $150/month, with 2.5 years left, and the mortgage is $975/month. Lots of money left over to invest

 

No kidding about Cali realestate... a couple blocks from me mum's house, they tore down 2 houses, and built 4 on those 2 lots. Where I live, we lack "affordable" housing. Anything under $200K has windows missing, and a toilet in the front yard. The city council was talking about how these would be "affordable" houses... so I thought I'd take a look.
It turns out that the 2 story one was $499K, and the 1 story one is $399K.
There's 2 more that aren't up for sale yet... those will probably be around the same price. Bummer.

 

What are payments???

 

just becuase the interest rates go down doesn't mean you are going to spend less on a house!~

My parents sold one of their rental houses when the interest rates went down and made a killing!

Here's why:

People looking to buy a house have a preconceived number that they can spend per month. when the rates go down, that means they can afford a more expensive house, becuase more of the monthly payment is going toward principle.

Now sellers realize this and simply raise the price of the house. the seller doesn't care how low the interest rate is, because this won't affect the sale price (the money in their pocket).

so for all of you that think you will be able to afford a nice house becuase the interest rates go down, think again. the interest rates go down, the price of the house goes up, becuase they buyer can afford to spend more on the house.


(without going into greater detail, that is the crux of buying a house when interest rates are low --> you just spend more on the same house)

 

I'm 24 and I'm paying $400 a month

 

$379 monthly payment
$128 monthly insurance (that includes the '95 F-150)
$50 monthly gas

incorporated in August '03

'03 L becomes business right off

$0 per month................

D-Day

There are three people you need to depend on in your area - a good doctor, lawyer and of course a great accountant!