1/24/2009 1:45:09 AM

5 panel interior doors?

1/24/2009 1:46:24 AM

that's what you notice? ha

1/24/2009 1:47:08 AM

OK people, don't ask her anything about it.

1/24/2009 1:49:45 AM

No need to.

1/24/2009 1:50:26 AM

yup, i'd live there

1/24/2009 1:51:00 AM

The other side has 18 ft ceiling with 4 floor to ceiling windows.

1/24/2009 1:53:25 AM

OK people, don't ask her anything about it.

1/24/2009 1:54:40 AM

don't be asking stuff and supporting attention whorism.

1/24/2009 1:55:52 AM

Ok, I'm hoping to be living there soon.



Too excited to keep it in sry.

1/24/2009 1:58:04 AM

Oh good, for a second there I was worried you were planning to try your hand at interior design.

1/24/2009 2:08:16 AM

are those hickory floors?

1/24/2009 2:08:42 AM

hahahahaha

[Edited on January 24, 2009 at 2:09 AM. Reason : dunno, i think]

1/24/2009 2:08:50 AM

those are hickory. looks the same to me!

1/24/2009 2:15:43 AM

The picture I posted has a lot of knots in the wood, which I think it awesome, does yours? I can't tell

1/24/2009 2:41:02 AM

YES

1/24/2009 2:41:41 AM

Cool

1/24/2009 2:42:06 AM

WHERE IS THAT?

1/24/2009 2:44:08 AM

in TN

1/24/2009 2:44:25 AM

MINE MAY NOT BE AS KNOTTY

1/24/2009 2:47:44 AM

No, this floor has lots of knots in it, like tons

1/24/2009 2:49:12 AM

THEY LOOK GOOD NONETHELESS

1/24/2009 2:50:34 AM

like this which is australian cypress.

Ya, I love it. Not a wood you see in a lot of places.

[Edited on January 24, 2009 at 2:51 AM. Reason : damn]

1/24/2009 2:51:14 AM

can i buy that painting on the wall? it looks awesome... i wish somebody could making something like that and cut it into 4 pieces...

jk, i thought this was about your art.. looks cool enough to live in for a while

1/24/2009 4:17:14 AM

lolol NO

1/24/2009 12:59:52 PM

that's a cool place!

1/24/2009 1:05:56 PM

i really need to move to a place with low property values

thatd cost over 300k here, easy

1/24/2009 1:07:06 PM

duct work: do not want

also, condo cave

[Edited on January 24, 2009 at 1:44 PM. Reason : .]

1/24/2009 1:40:12 PM

wow, i like!

1/24/2009 1:41:49 PM

Yes, the cave part is true, only has four windows BUT they are floor to ceiling and gorgeous. also has a small deck so that will be nice if all goes right and we get it

its 2250 sq ft. not including deck which is 400 sq ft

1/24/2009 1:50:03 PM

what's the list price?

1/24/2009 1:51:48 PM

nice pendent (sp) lighting

1/24/2009 1:59:41 PM

I think $329k We are leasing with option to own should we decide.

The monthly lease is super cheap though cause he can't get anyone to buy right now.

Win situation

1/24/2009 2:39:08 PM

i hate the exposed hvac duct work

1/24/2009 2:42:10 PM

Really that's the only place that has it. He had 2 other units that had exposed brick that I kinda wish this one had but it's the biggest of the three.

1/24/2009 2:43:29 PM

329k you should only want to afford a house you have 20% in cash for

lease i know but still

[Edited on January 24, 2009 at 2:46 PM. Reason : .]

1/24/2009 2:45:05 PM

That's what we are saving up to and why we haven't snagged it yet. Plus with the economy being the way it is we may be able to talk him down. Any rent we do pay will go towards principle should we decide to take the offer. It's definitely a hot piece of investment ass. But too much for us right now for purchasing.

The rent is much cheaper because he wants someone in the place ASAP

[Edited on January 24, 2009 at 2:47 PM. Reason : ....]

1/24/2009 2:46:46 PM

^^eh, i dono if it NEEDS to be 20% (if you absolutely want to avoid PMI sure) but at least 10-15% for sure - thats my goal for getting a house next year and I feel pretty comfortable with that. But with that being said..I do HVAC design and even I dont want exposed duct in my place I do like the paint scheme and floors though

[Edited on January 24, 2009 at 2:48 PM. Reason : ]

1/24/2009 2:47:19 PM

Really the place is so huge that the duct is a minor detail

1/24/2009 2:48:25 PM

of course, but i have to find something to be picky about!

1/24/2009 2:48:57 PM

obviously you don't need 20% but you're gonna pay that much more out in interest and wait that much longer to start in on principle

[Edited on January 24, 2009 at 2:50 PM. Reason : .]

1/24/2009 2:49:04 PM

We will see PaulIsDead. It is a lot and we aren't going to be stupid about it, if we can't do it the way we want then we won't, but we like the possibility.

1/24/2009 2:50:10 PM

this worked out well last time

1/24/2009 2:50:51 PM

i dont remember last time?

1/24/2009 2:52:04 PM

Principal borrowed: $270000.00
Annual Payments: 12 Total Payments: 360 (30.00 years)
Annual interest rate: 6.00% Periodic interest rate: 0.5000%
Regular Payment amount: $1618.79 Final Balloon Payment: $0.00
Annual Debt Service Constant: 7.1946%
Minimum amortizing payment for this Principal and Interest rate: $1350.01

The following results are estimates which do not account for values being rounded to the nearest cent. See the amortization schedule for more accurate values.

Total Repaid: $582764.40
Total Interest Paid: $312764.40
Interest as percentage of Principal: 115.839%





Summary

Principal borrowed: $240000.00
Annual Payments: 12 Total Payments: 360 (30.00 years)
Annual interest rate: 6.00% Periodic interest rate: 0.5000%
Regular Payment amount: $1438.92 Final Balloon Payment: $0.00
Annual Debt Service Constant: 7.1946%
Minimum amortizing payment for this Principal and Interest rate: $1200.01

The following results are estimates which do not account for values being rounded to the nearest cent. See the amortization schedule for more accurate values.

Total Repaid: $518011.20
Total Interest Paid: $278011.20
Interest as percentage of Principal: 115.838%


[Edited on January 24, 2009 at 2:54 PM. Reason : .]

1/24/2009 2:52:50 PM

Quote :

"obviously you don't need 20% but you're gonna pay that much more out in interest and wait that much longer to start in on principle"

agreed 100% with you dude, especially with something expensive, but even with saving a lot on a good salary its tough to have 20%, + closing costs, +money to fix/get the stuff you want/need to right away (fridge, etc.), + leaving a few months savings in the bank just gets crazy. 10% plus all that is a lot more reasonable, and then the plan would be to pay above normal payments to get the pmi out of the way as fast as possible for me

Im not looking at something super expensive (~200k maybe) But 40,000 vs 20,000 in cash is a huggee difference.


[Edited on January 24, 2009 at 2:55 PM. Reason : ]

1/24/2009 2:53:26 PM

right my point is really the cost of the house.

need a starter house you can afford all the other stuff too not throw in and be house poor

1/24/2009 2:55:21 PM

yea definitely, 329k is rather high for a first. I hope you two have at least like $125,000 in income between you two or something


[Edited on January 24, 2009 at 2:58 PM. Reason : ]

1/24/2009 2:56:54 PM

even 125 is pushing it.

i wouldnt do 329 on less than at least 150 combined

[Edited on January 24, 2009 at 2:58 PM. Reason : even then that seems tight]

1/24/2009 2:58:23 PM

It's not a first house and he makes that all on his own.

However it's a big chunk and we want to wait it out at first. See if we even like it, what the area is like, if there's growth because eventually it would become rental property.

1/24/2009 2:59:20 PM