PebHmong Discussion Forum
Life & Living => Money & Investment => Topic started by: DuMa on July 23, 2019, 04:53:24 PM
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The Zestimate for this house is $424,528, which has increased by $12,702 in the last 30 days.
This is a sample estimate for my house. By doing nothing, I'm making $12k a month? Is that how you do the math? :2funny:
Not liquid cash though. :D
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It is but you have to have cash to play. Right now, it isn't so good because it's hard to invest as it's a sellers market and we don't know when it's going to crash like the last time. Price wise, it's too damn expensive to own property right now. And it's also important to understand the tax laws, it doesn't benefit anyone if you're just going to break even. You need to make a big profit when selling your property otherwise it's not worth paying capital gains tax just planning to sit on the money you made.
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The Zestimate for this house is $424,528, which has increased by $12,702 in the last 30 days.
This is a sample estimate for my house. By doing nothing, I'm making $12k a month? Is that how you do the math? :2funny:
Not liquid cash though. :D
lets break down some math
$424,528 @ 4% rate 30 years mortgage= $16,960 interest annully
$16,960- $12,702= $-4,258
this is just all Zestimate
assuming the home price goes up $12k every year, because nothing it goes up and down through out the year
and your interest rate stay like that for a few years (it goes down once you start paying off the house)
but right now you are in the hole every month
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its not till the 15 years mark
just Zestimate , assuming the house price keep going up $12k every month
where
$12,000 (mortgage interest goes down as you pay your loan) - $12,000 (monthly home value)= $0 (finally cancel it each, even than you are still making zero dollars)
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it is hard to double your money $424,000
to $848,000
where in stock if you hit the jackpot with amazon
you probably 10x your money to
$4,240,000
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This is a sample estimate for my house. By doing nothing, I'm making $12k a month? Is that how you do the math? :2funny:
Not liquid cash though. :D
you gotta be careful with your wording
cause the way, i see and read this is
1. you buy the house
2. and sit on it
3. watching the price on the house rising
4. as you paid your monthly mortgage+interest
5. you are in the hole every month
what alot of us people who have investment is houses
1.we buy house
2. rent them out
3. have other people paid our mortgage+interest
4. earn equity on the house
5. this is the correct way to do it
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you gotta be careful with your wording
cause the way, i see and read this is
1. you buy the house
2. and sit on it
3. watching the price on the house rising
4. as you paid your monthly mortgage+interest
5. you are in the hole every month
what alot of us people who have investment is houses
1.we buy house
2. rent them out
3. have other people paid our mortgage+interest
4. earn equity on the house
5. this is the correct way to do it
So where yo do expect me to live?
1. I buy a house
2. I rent them out so they can pay my mortgage for me
3. I go rent another place to live and pay other people's house? :2funny:
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So where yo do expect me to live?
1. I buy a house
2. I rent them out so they can pay my mortgage for me
3. I go rent another place to live and pay other people's house? :2funny:
yeah that's how you do it
1. buy house
2. rent it out, have other pay for your mortgage+interest
3. you start building equity on the house
4. if you still need a place to stay/own mortgage on the house you are living in
5. overcharge a little bit more on the other house to paid for the house you are living in
a. assuming all houses monthly bill is $1,000 per month
b. you have 5 house total, inclouding the one you live in
c. first house $1250, second house $1250, third house $1250, fourth $1250
d. fifth house, <<<this is the house you live in $1000
e. you use the extra $250 you charge from those four houses to paid for your living house
it's is alot of work
late night plumbing called
you gotta be skills in all housing trade aka: eletric, wiring, roofing, carpentering , etc....
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yeah that's how you do it
1. buy house
2. rent it out, have other pay for your mortgage+interest
3. you start building equity on the house
4. if you still need a place to stay/own mortgage on the house you are living in
5. overcharge a little bit more on the other house to paid for the house you are living in
a. assuming all houses monthly bill is $1,000 per month
b. you have 5 house total, inclouding the one you live in
c. first house $1250, second house $1250, third house $1250, fourth $1250
d. fifth house, <<<this is the house you live in $1000
e. you use the extra $250 you charge from those four houses to paid for your living house
it's is alot of work
late night plumbing called
you gotta be skills in all housing trade aka: eletric, wiring, roofing, carpentering , etc....
You gotta know how to game to play the game. Most importantly is who you rent it out to.
If you gonna live in your house, you can deck it out but as an investor, you can set the house to pass par which is enough to pass regulations for rental property. Then you rent it to new Americans cuz them people don't speak enough English to know the law plus their idea if an American dream is to live as a renter for the rest of their lives. In this way, any small problems with the property, they can wing it like electrical in the garage or garage door no work, no need if you can manual open it. They fear of calling you for a fix which then may forces you to raise their rent. They keep quiet, you keep quiet is the relationship here.
Now if you rent to rednecks, if you don't fix, they not paying your rent and take to court they will win.
Dear the educated person and do like what the USA government been doing to the poor people. Give them enough to survive and keep them there, being poor.
Sad reality it is.
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lets break down some math
$424,528 @ 4% rate 30 years mortgage= $16,960 interest per month
$16,960- $12,702= $-4,258 every month
this is just all Zestimate
assuming the home price goes up $12k every month
and your interest rate stay like that for a few years (it goes down once you start paying off the house)
but right now you are in the hole every month
Your math is still off.
If a 424k a month house has a 17k monthly on interest alone, hell nobody gonna buy any house.
We got 850k houses in the bay and they only pay less than 4k a month.
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it is hard to double your money $424,000
to $848,000
where in stock if you hit the jackpot with amazon
you probably 10x your money to
$4,240,000
Not hard. Just a lil bit of luck and hoping that good jobs will come into my area. Already got Amazon and little manufacturer Tesla. Need bigger players like apple n faceboobs.
Not hoping to double either. Just hoping not losing value and if it do, market will correct itself like always. NASDAQ n Dow been breaking records but in due time.
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Your math is still off.
If a 424k a month house has a 17k monthly on interest alone, hell nobody gonna buy any house.
We got 850k houses in the bay and they only pay less than 4k a month.
typing error, i was on my phone
i mean $17k interest annually
minus
$12k home value annually (because this month might be good, next month might be bad, it goes up and down, should equally 12K annual)
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Not hard. Just a lil bit of luck and hoping that good jobs will come into my area. Already got Amazon and little manufacturer Tesla. Need bigger players like apple n faceboobs.
Not hoping to double either. Just hoping not losing value and if it do, market will correct itself like always. NASDAQ n Dow been breaking records but in due time.
if you use that $425k loan and just bought amazon stock
you would have somewhere around $11+ million
estimating
it's hard to 2-4x your money on the housing market
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typing error, i was on my phone
i mean $17k interest annually
minus
$12k home value annually (because this month might be good, next month might be bad, it goes up and down, should equally 12K annual)
You may make the error but I did not.
"which has increased by $12,702 in the last 30 days" 152,424K a year if this keeps up. 152424K - 17K = win :2funny:
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if you use that $425k loan and just bought amazon stock
you would have somewhere around $11+ million
estimating
it's hard to 2-4x your money on the housing market
Yeah, amazon after the fact right?
Having close to half a million dollars and investing it all in one shot is a high risk gamble. All in on the superbowl to double up in 3 hours game. :2funny:
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Yeah, amazon after the fact right?
Having close to half a million dollars and investing it all in one shot is a high risk gamble. All in on the superbowl to double up in 3 hours game. :2funny:
yeah
that's what you pretty much doing with buying a house
$425k loan on one thing, house
i don't recommend you buy single stock or all your money on housing investment
REAL TALK, NO BS
some of my real estate guy friend
they are just starting to recover from the 2008 crashes
yes, 10+ years later
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You may make the error but I did not.
"which has increased by $12,702 in the last 30 days" 152,424K a year if this keeps up. 152424K - 17K = win :2funny:
it doesn't go up $12k every month
that's not how stuff works
it goes up and down
Jan. $12k
Feb. -$12k
march $13k
april -$6k
may 8k
june -$10k
you get the point
this is a more realistic estimate
but yes, over the long term, it will go up
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yeah
that's what you pretty much doing with buying a house
$425k loan on one thing, house
i don't recommend you buy single stock or all your money on housing investment
REAL TALK, NO BS
some of my real estate guy friend
they are just starting to recover from the 2008 crashes
yes, 10+ years later
Those that are not weak hands but held during the 2008 crash can sell their house today for a big pay day. Unlike stocks, when a company goes out of business, you lose all. Even a burnt house has a value of at least $1 O0
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Those that are not weak hands but held during the 2008 crash can sell their house today for a big pay day. Unlike stocks, when a company goes out of business, you lose all. Even a burnt house has a value of at least $1 O0
i bought my house back in the housing market
like at almost at the bottom
and my house value only went 1.5x
REAL TALK, no BS
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it doesn't go up $12k every month
that's not how stuff works
it goes up and down
Jan. $12k
Feb. -$12k
march $13k
april -$6k
may 8k
june -$10k
you get the point
this is a more realistic estimate
but yes, over the long term, it will go up
You forgot what the focal is.
The point of the thread is your house may appreciate in value that far exceeds your monthly income. That's the focal.
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i bought my house back in the housing market
like at almost at the bottom
and my house value only went 1.5x
REAL TALK, no BS
That means you probably make $2 a month on your house.
If you want to see your rate of earning per month, you do the math right. I don't see your figures so I can not do for you. Only you can do your own math and lets hope that it is good math this time around. :2funny:
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Now if I want to see where the housing market is going, I'll just take a survey from month to month to see if the new figures for august will meet or exceed my 12k numbering.
If house is payed off, don't be a weak hand. If market crash like 2008 recession, just hold. She will fly again but you must live long enough to see it.
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Now if I want to see where the housing market is going, I'll just take a survey from month to month to see if the new figures for august will meet or exceed my 12k numbering.
If house is payed off, don't be a weak hand. If market crash like 2008 recession, just hold. She will fly again but you must live long enough to see it.
i bought my house when it hit rock bottom in 2009ish
just pure luck, once in a lifetime
young and working and house were dirt cheap
houses price goes up and down
could be $12k this month and -$12k next month
nobody knows
buy low, sell high
pic of my basement
(https://i.imgur.com/OAvEtYx.jpg)
(https://i.imgur.com/vMX36Ep.jpg)
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real life home investment is too hard for me
just buy some REIT stock and be done with
no dealing with customer, fixing stuff, closing, etc..
thats my advice to you
we know about how you got scam of $500 by an electrician
VGSLX
https://investor.vanguard.com/mutual-funds/profile/performance/vgslx
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That means you probably make $2 a month on your house.
If you want to see your rate of earning per month, you do the math right. I don't see your figures so I can not do for you. Only you can do your own math and lets hope that it is good math this time around. :2funny:
Man, you're like the third or forth PH members that have publicly called him out on his poor "math" skills.. ;D ;D ;D
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real life home investment is too hard for me
just buy some REIT stock and be done with
no dealing with customer, fixing stuff, closing, etc..
thats my advice to you
we know about how you got scam of $500 by an electrician
VGSLX
https://investor.vanguard.com/mutual-funds/profile/performance/vgslx
Why do all that just to be a "little fish" when you can just hit the lotto and be a big fish now since you're the "hmong Nostradamus and is always right"?? ???
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You forgot what the focal is.
The point of the thread is your house may appreciate in value that far exceeds your monthly income. That's the focal.
it doesn't work like that
you not going get a straight line to the moon
$12k month after month after month
(graph chart is just an example)
this is what you are thinking off
just a straight line to the moon
(https://cooldata.files.wordpress.com/2011/05/table11.jpg)
this is a more realistic movement
it goes up and down, into a upward bullish trend when stuff is good
and bearish when it is bad
your $150k annually home value every year is wishful thinking :2funny: :2funny:
(https://stumblingandmumbling.typepad.com/.a/6a00d83451cbef69e201a73dd0fa9f970d-pi)
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it doesn't work like that
you not going get a straight line to the moon
$12k month after month after month
(graph chart is just an example)
this is what you are thinking off
just a straight line to the moon
(https://cooldata.files.wordpress.com/2011/05/table11.jpg)
this is a more realistic movement
it goes up and down, into a upward bullish trend when stuff is good
and bearish when it is bad
your $150k annually home value every year is wishful thinking :2funny: :2funny:
(https://stumblingandmumbling.typepad.com/.a/6a00d83451cbef69e201a73dd0fa9f970d-pi)
You are still missing the point.
No where have anyone here say that the appreciation value will always be of the same value, month to month to infinity stone.
The focal once again is that some housing do rises in a particular month which may exceed your monthly income. If your house is payed off, you get payed for doing nothing. Just be beautiful and get payed handsomely. :2funny:
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You are still missing the point.
No where have anyone here say that the appreciation value will always be of the same value, month to month to infinity stone.
The focal once again is that some housing do rises in a particular month which may exceed your monthly income. If your house is payed off, you get payed for doing nothing. Just be beautiful and get payed handsomely. :2funny:
and im saying that it may or may not raise
it may or may not fall
nobody knows
it goes up and down
just cause this month is a good month
don't mean next month is going be a good month
YOU GOT BULLISH TREND
and BEARISH trend
your house value is not going keep going up $150k in value every single year
that is wishful thinking
i got my house for dirt cheap when it hit rock bottom in 2009ish
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and im saying that it may or may not raise
it may or may not fall
nobody knows
it goes up and down
just cause this month is a good month
don't mean next month is going be a good month
YOU GOT BULLISH TREND
and BEARISH trend
your house value is not going keep going up $150k in value every single year
that is wishful thinking
i got my house for dirt cheap when it hit rock bottom in 2009ish
Maybe you should check to see if your house rises enough in a month where you don't have to work so you can have the free time to hunt and fish more. Building equity, one month at a time. O0
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The Zestimate for this house is $428,373, which has increased by $6,474 in the last 30 days.
Well I guess the new month means new pricing. Still rising. Like having someone work and give you their pay check.
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The Zestimate for this house is $428,373, which has increased by $6,474 in the last 30 days.
Well I guess the new month means new pricing. Still rising. Like having someone work and give you their pay check.
it goes up and down, bro
$12k last month, $6k this month
might be -$12k next month or $0
who knows
i thought you were just sitting on it???
you need to get some tenant to paid for it
O0 O0
thats the way to go
or start flipping houses
buy low, fix upgrade, than resell for high
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it goes up and down, bro
$12k last month, $6k this month
might be -$12k next month or $0
who knows
i thought you were just sitting on it???
you need to get some tenant to paid for it
O0 O0
thats the way to go
or start flipping houses
buy low, fix upgrade, than resell for high
Until you sell it will you get the price. Right now is just valuation. Like I said, not liquid. Amazon boss bozo sold 1 billion dollars of his own Amazon stocks to fund his space project company. He does this every year. No problem he has more billions but not liquid till he sells them.
Like I also said, I'm doing this to track the strength of the housing market. It may not be a good indicator because the pricing is based upon the land mostly. Could be my area is a hot spot while the rest are suffering. I'm planning to get more but I'm hunting for them outskirts of a city homes. When the bay area market prices rises even further, workers there will flock over to other cities to live which rises the value of my property. Indicators are already there. Road construction, paving roads, creating an extra lane and yet, still stuck in traffic. More and more are commuters these days. Milliniums are at that age of reasoning. Bank on the indicators and not on the feelings alone.
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Until you sell it will you get the price. Right now is just valuation. Like I said, not liquid. Amazon boss bozo sold 1 billion dollars of his own Amazon stocks to fund his space project company. He does this every year. No problem he has more billions but not liquid till he sells them.
Like I also said, I'm doing this to track the strength of the housing market. It may not be a good indicator because the pricing is based upon the land mostly. Could be my area is a hot spot while the rest are suffering. I'm planning to get more but I'm hunting for them outskirts of a city homes. When the bay area market prices rises even further, workers there will flock over to other cities to live which rises the value of my property. Indicators are already there. Road construction, paving roads, creating an extra lane and yet, still stuck in traffic. More and more are commuters these days. Milliniums are at that age of reasoning. Bank on the indicators and not on the feelings alone.
Its hard to get multiple $425k loans
Check out ticker $VGSLX
Its vanguard real estate index
If you invest $10k back in 2008
You would have gotten $40k
4x your money
No BS talk
$3,000 minimum to join
Check it out man
If you are into real estate without fixing lightbulbs and etc...
This is the way to go
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The Zestimate for this house is $425,957, which has increased by $2,805 in the last 30 days.
Not sure how accurate but it looks like the rate of appreciation has weaken. Could it be because of the market being unstable?
Well it works for them buyers. Sellers should hold and buyers should buy in a buyer's market. 'I don't mind take it off the hands of weak players.
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The Zestimate for this house is $425,957, which has increased by $2,805 in the last 30 days.
Not sure how accurate but it looks like the rate of appreciation has weaken. Could it be because of the market being unstable?
Well it works for them buyers. Sellers should hold and buyers should buy in a buyer's market. 'I don't mind take it off the hands of weak players.
Its goes up and down
If people have job, people can buy house
House price increases
If no job
People renting, living in the car
Lots of empty house
Demand is low and supply is high
House price drop
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The Zestimate for this house is $425,957, which has increased by $2,805 in the last 30 days.
Not sure how accurate but it looks like the rate of appreciation has weaken. Could it be because of the market being unstable?
Well it works for them buyers. Sellers should hold and buyers should buy in a buyer's market. 'I don't mind take it off the hands of weak players.
lol
this house been in the market for 23 days
your zestimate at it at $453k
they are selling it at $433
that's a $20k lost
that the thing with housing, antique, and etc...
you can give it any price you want.
shoot, give it a $1 million price tag
but unless you sell it for $1 million
that's is what we call
UNREALIZED LOSE/GAIN
(https://i.imgur.com/wgLjKkp.jpg)
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lol
this house been in the market for 23 days
your zestimate at it at $453k
they are selling it at $433
that's a $20k lost
that the thing with housing, antique, and etc...
you can give it any price you want.
shoot, give it a $1 million price tag
but unless you sell it for $1 million
that's is what we call
UNREALIZED LOSE/GAIN
(https://i.imgur.com/wgLjKkp.jpg)
You are missing the point here as well.
You are quoting a condo in sf at 1 bedroom and 1 bath at a ridiculous price. You expect people to buy it on the first day at that pricing? :2funny:
The housing market in the bay area are saturated. Meaning that it has popped too high to sustain a good enough appreciation rate. If you know this, you can be the weak hand that will sell your house or try to sell it by dropping the prices lower and lower to catch a buyer.
It is still a cat and mouse game. Lets say that the estimated pricing is at half a million. Why put it on the market at half a mil versus someone who puts it about 480K and consider that you are in a hot market? This will catch buyers to bid up the prices.
Let me guess. You never sell a house ever? Until you do, you will never know the other half of the battle. O0
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You are missing the point here as well.
You are quoting a condo in sf at 1 bedroom and 1 bath at a ridiculous price. You expect people to buy it on the first day at that pricing? :2funny:
The housing market in the bay area are saturated. Meaning that it has popped too high to sustain a good enough appreciation rate. If you know this, you can be the weak hand that will sell your house or try to sell it by dropping the prices lower and lower to catch a buyer.
It is still a cat and mouse game. Lets say that the estimated pricing is at half a million. Why put it on the market at half a mil versus someone who puts it about 480K and consider that you are in a hot market? This will catch buyers to bid up the prices.
Let me guess. You never sell a house ever? Until you do, you will never know the other half of the battle. O0
lol
bro some of these houses been sitting in the market for a couples of days and months
death and taxes, man
i won't even trust your zestimate
take a look at this house
its zestimate is $1.25 million
being sold for $1 million
https://www.zillow.com/homedetails/2826-Ulloa-St-San-Francisco-CA-94116/15122274_zpid/ (https://www.zillow.com/homedetails/2826-Ulloa-St-San-Francisco-CA-94116/15122274_zpid/)
again you are talking about
UNREALIZED LOSES/GAIN
put whatever price tag you want
but unless you sell it for $1 million
O0
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bro
buy low
sell high
right now, stuff is too expensive
espcially the housing market
just wait till it comes back down to earth
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lol
bro some of these houses been sitting in the market for a couples of days and months
death and taxes, man
i won't even trust your zestimate
take a look at this house
its zestimate is $1.25 million
being sold for $1 million
https://www.zillow.com/homedetails/2826-Ulloa-St-San-Francisco-CA-94116/15122274_zpid/ (https://www.zillow.com/homedetails/2826-Ulloa-St-San-Francisco-CA-94116/15122274_zpid/)
again you are talking about
UNREALIZED LOSES/GAIN
put whatever price tag you want
but unless you sell it for $1 million
O0
zestimate is not a real figure. IF you want a better figure, fork our the money and hire an appraisal. Zestimate is a freebie and with freebie, they have their own matrix on how they even come up with that market value pricing.
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bro
buy low
sell high
right now, stuff is too expensive
espcially the housing market
just wait till it comes back down to earth
Hurry up and tell trump to make america worse again. I did not vote for him to make things good again. I have said it before. I am voting for anyone that will make america temporary worse again so I can start buying and flipping. Just like the stock market. How you like that big dive of late? Buy on the dip. Just like yesterday, it was down big but today, it recovered.
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zestimate is not a real figure. IF you want a better figure, fork our the money and hire an appraisal. Zestimate is a freebie and with freebie, they have their own matrix on how they even come up with that market value pricing.
lol
you can hire appraisal, zestimate whatever you want bro
but unless you sell it for $1million
that just wishful thinking
kelly blue book on my car say $2,000
i sold it for $500 because no one want to buy it
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Hurry up and tell trump to make america worse again. I did not vote for him to make things good again. I have said it before. I am voting for anyone that will make america temporary worse again so I can start buying and flipping. Just like the stock market. How you like that big dive of late? Buy on the dip. Just like yesterday, it was down big but today, it recovered.
hell yeah bro
i bought the dip
and sold it a couple days later
i bought some more this morning and it went up
im holding it tonight, see how it does in the morning
PIC OR IT DIDN'T HAPPEN
screenshot from my phone
buy low, sell high
(https://i.imgur.com/VPxkDZO.jpg)