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Post by Cole D on May 21, 2022 14:20:14 GMT -5
Finished from my compulsary service this year and resumed back in duty, about to start building my house and finally have a dream fan workplace! However i am struggling as i am job hunting for a different and better position Gained weight like crazy in early 2017, however I gained weight in 2016 like crazy. I think alot of it was stress over the wedding and moving along with transitioning out of college into the real world. I was running around like crazy and McDonalds/Wendy's were consistently being unwrapped... Needless to say after getting a minor case of food poisoning last week, I can't even stomach the thought of either of those places. I can't believe how much fast food I used to eat. When I was in college we'd usually go to a fast food place after youth group on Friday nights. Then we'd go thru the drive thru on Sunday to get lunch on the way home. Plus I'd eat fast food a few times a week in between classes. Then when I first started working where I am now, I'd probably eat it once or twice a week for lunch to get out of the office, and sometimes on Saturdays if I was out going to garage sales or thrift stores. These days I mostly only have it once or twice a week. If I go to Goodwill during my lunch break I'll usually go thru the McDonald's near it. And then sometimes on Friday evenings I'll drive thru DQ or Wendy's and get something. But lately I just haven't had much appetite for it. I did get a breakfast from McDonald's last weekend and actually haven't had anything since then fast food wise. I've gotten to where I just can't eat it like I used to. It just makes me feel bloated plus I've gained some weight and trying to get back into working out again. Another thing I'm having trouble getting myself back into. I used to go to the gym 3-4 times a week and now I can't seem to only get maybe once or twice every few weeks. I do not know why.
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Post by Cole D on May 21, 2022 14:20:27 GMT -5
I'm at an I feel stuck stage of life! I was wanting to be moved into my own home by now, but with this insane inflation and rediculous real estate prices over the last two years, it's not going to happen. And what's more frustrating, is I don't see anything changing because there are too many factors at play... Even to rent now all I could really afford anymore is a small apartment. So no yard, and nowhere to work on anything. And yet I have a good paying job and not in a HCOL area. Makes no sense!
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Post by Parkman on May 22, 2022 9:14:00 GMT -5
In college I was a fast food junky. I do eat out/take our more then I should but I don't go to the actual Fast food restaurants anymore.
DQ never really caught on in our area. I know in some places of the country its as common as McDonalds... Here there is one remaining and its exclusively Ice Cream only and Hot dogs. I don't think you can even get chicken tenders, burgers etc. there.
I'm getting to a point where I'm cutting back on eating out because (like everything) its getting so expensive and unfortunately inflation is so high and I got a 2.5% raise this year so the math doesn't work out in my favor!
Once in a while maybe 4 times a year I'll go to Chick Fil A and get a sandwich. I literally am a McDonalds addict. So I quit cold turkey and haven't looked back. I need to start taking walks and quit drinking soda... I just am so mentally exhausted after work its hard to break the vicious cycles.
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Post by Parkman on May 22, 2022 9:17:58 GMT -5
I don't know Cole, you might be at a point where it may be a good time to buy coming soon. Interest Rates are slowly not going to be in your factor but I personally believe that we are hitting the top of the real estate market. Now you being in Florida that may have no bearing since Florida is hot right now. However the way the stock market is, inflation is, gas prices its gonna only be so much longer before stuff comes crashing down. It may not be that soon it may wait until the mid term elections.
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Post by Cole D on May 22, 2022 18:29:54 GMT -5
I don't know Cole, you might be at a point where it may be a good time to buy coming soon. Interest Rates are slowly not going to be in your factor but I personally believe that we are hitting the top of the real estate market. Now you being in Florida that may have no bearing since Florida is hot right now. However the way the stock market is, inflation is, gas prices its gonna only be so much longer before stuff comes crashing down. It may not be that soon it may wait until the mid term elections. I was talking to a friend last night about this and they said lumber futures are down several hundred dollars vs two months ago. I had not heard anything at work about it. And he said housing sales and building is dropping. I've heard that new construction has slowed down around here. I haven't seen any budge in prices yet. What I don't see changing is the inventory because there just aren't that many people selling their homes as there were say 5 years ago. I'd rather buy at a cheaper price and have a higher interest rate. You can refinance when the rates go down to lower your payment, and you owe less overall. Paying more at a lower rate your payment will likely never get lower than what you buy it at and you owe a lot more, you can't refinance away that higher house cost. Plus your taxes and insurance will always be higher. I am interested to see what happens with all this. So you think it could start dropping later this year? I would've thought things would stay the same or at least level for a few more years. It seemed like in the recession in 2008 it took a few years before things really started dropping. Although being in college at the time and my parents not being affected by the economy that much, I really didn't notice much. But it certainly sticks in my mind with how cheap the houses were by 2012-13 and so.
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Post by Cole D on May 24, 2022 21:04:22 GMT -5
In college I was a fast food junky. I do eat out/take our more then I should but I don't go to the actual Fast food restaurants anymore. DQ never really caught on in our area. I know in some places of the country its as common as McDonalds... Here there is one remaining and its exclusively Ice Cream only and Hot dogs. I don't think you can even get chicken tenders, burgers etc. there. I'm getting to a point where I'm cutting back on eating out because (like everything) its getting so expensive and unfortunately inflation is so high and I got a 2.5% raise this year so the math doesn't work out in my favor! Once in a while maybe 4 times a year I'll go to Chick Fil A and get a sandwich. I literally am a McDonalds addict. So I quit cold turkey and haven't looked back. I need to start taking walks and quit drinking soda... I just am so mentally exhausted after work its hard to break the vicious cycles. I've noticed here you only seem to see DQ in towns large enough for a Walmart. Whereas in the west and midwest, you'll see one basically out in the middle of nowhere. LOL And in the colder climates it's seasonal and only open in summer in some cases. Both of the ones here have full food, etc. I do like their chicken strips, and they used to have chicken wraps that I loved but they stopped the wraps. I also like the chicken basket that has that toast that looks like it's been put on a waffle iron. I used to eat way too much of it, I'd go like twice a week for lunch. Now I might get it once every few weeks. I like the one near where I work, the couple that owns it are really nice people. The issue I have with them in the drive thru is if you go at night it always backs up. There's only room for a few cars, and it backs up onto the side of the highway. Then when you get to the window they give you your order and tell you to pull into a parking space they have numbered. And they'd never come out with the order. I'd have to go inside and ask for it. It's happened 3 or 4 times. The first time, the lady came out to give someone else their food and asked if something was wrong and I said yeah I never got my order. She gave me a refund and a coupon for a free ice cream. The times after that I had to go inside. Oh man, if we had a Chick Fil A here I'd go way too much. LOL I love them. They kept saying we're supposed to get one but haven't seen or heard anything else about it. I used to love Taco Bell too. They used to have the meal deal where you got Doritos, a drink and you chose the burrito all for $1.50. I'd drive thru there on the way home from church during the week for dinner. And I'd go there sometimes too when I'd work out because the gym used to be right there. After they stopped the meal deals it got way more expensive and I haven't been in a long time.
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Post by Cole D on May 28, 2022 14:58:45 GMT -5
I don't know Cole, you might be at a point where it may be a good time to buy coming soon. Interest Rates are slowly not going to be in your factor but I personally believe that we are hitting the top of the real estate market. Now you being in Florida that may have no bearing since Florida is hot right now. However the way the stock market is, inflation is, gas prices its gonna only be so much longer before stuff comes crashing down. It may not be that soon it may wait until the mid term elections. One came on the market near my parents this week. 3 bed 2 bath built in 1994 on about an acre. It has vaulted ceilings and a 2 car garage, the garage was closed in but could be changed back. The price is just under $200k but I don't really want to go into that kind of debt and it needs a new roof. The listing was awful pictures of the outside and none inside. What makes me wonder though is how could you build a new house for that price + the land? You couldn't. But if the market falls, then it might get cheaper to build, although I have no idea what real estate will do. The only way I can see it falling much is if somehow there's a lot of homes available which I don't see happening unless there's lots of foreclosures. Which could happen if the economy gets bad enough.
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Post by Parkman on May 28, 2022 19:12:35 GMT -5
Its a tough call. I watched Jordan on Youtube he made the point with interest rates raising its better off to refinance later and buy when cheap. I mean with the economy circling the toilet prices will come down and demand seems to be declining however prices are still stagnant. Does this mean prices are going to go down though I don't think pre pandemic because of inflation and I don't see that going anywhere. I mean if gas goes back to pre Ukraine increases we may see a hair of relief but these people who have their head up there rears that its all temporary I have a bridge I'll sell you. Yes there are supply chain issues I see it with work but at the same time its not gonna get better like I hear people constantly saying. I had to get a roof last year. The roof on my house was 12 years old from the outside it looked ok but was not properly ventilated which caused severe plywood warpage and OSB that was replaced in certain areas. It started leaking in several places. I ended up having to get it replaced and did all my skylights too and went very high quality materials. It was NOT cheap and its the one regret I have with this house. Unless you can get some significant savings for it needing the new roof if you pull the trigger on something a new roof is helpful but definitely have it inspected where my house inspector didn't say anything at all could he have told I don't know... You couldn't. Where I live with environmental zoning and permits you are going to be $75k in just in permits before buying the land and all the site prep. I can only imagine building with lumber right now (as you and I were discussing in sheds lol). Who knows what the government will do if theres a high amount of foreclosures. I keep hearing about this student loan forgiveness how about mortgage forgiveness, sign me up LOL.
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Post by Cole D on Jun 16, 2022 22:20:49 GMT -5
Well lo and behold the fed does seem to be trying to stop inflation, the interest rates have raised a few times this month. I haven't seen any real decline in prices, I mean when I click on reduced prices there are quite a few listings that have dropped but not much. I do think they are going to keep raising them, from what I'm seeing now. So it is going to slow the demand and even realtors are now talking about a turning of the market. I hope later this year into next year we may see some real changes.
I agree and I'd rather buy at a lower price but higher rate and refinance if possible later on. I just don't like the idea of the higher purchase price because all you can do is pay it to get rid of it. On top of higher property tax and closing costs.
I really think right now is a really bad time to buy because the prices have not much begun to respond to the rates and you have a coming recession. I think sellers that haven't sold if they're not in a very hot area they aren't going to get what they would have last year/early on this year.
I'm going to wait and see what happens, it may be several years before it makes sense to buy with the recession but I do believe it's going to be more of a buyer's market. Especially if you have a decent amount to put down so the higher interest rate is offset by that. Plus if the price is lower a larger down payment is easier. With the high prices now even if you put a lot down it doesn't help as much. Even houses now if I find one for below $200K, they need new roof, updated kitchen/interior, etc. So you still have to put a higher down payment to get the payment down on top of all the renovations, to me it's not worth it.
If construction slows a lot as long as your job is stable you could also have a better time to build a house.
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Post by Cole D on Jul 16, 2022 10:44:26 GMT -5
What I don't get you see all these YouTube videos on there with these clickbait thumbnails about how the real estate market is "over" and a "crash is coming". But when you watch the video they act like it's going to be a great time to buy because sellers are reducing prices because they aren't selling. But these drops they're talking about are only a few percent. It's hardly any crash of the market. Plus we don't know what the economy is going to do.
I think likely it will be decades before it's ever affordable to buy. You look a the late 70s and early 80s, there was a big recession and yet the prices kept going up.
I think that's what we're going to be seeing with this is the interest rates go up and then the prices just keep climbing slowly. I've just given up. I refuse to buy a house now after working and saving for a decade and having to put a big down payment when I could've bought basically the same house for $50,000 a decade ago. It's just stupid, and I can't imagine people think they are getting a deal, when they're acting like a few thousand off the price is a deal.
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^_v
Full Member
Hi motherfucka
Posts: 274
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Post by ^_v on Jul 17, 2022 23:26:17 GMT -5
I am now getting to the stage of life where I need to practice driving, I practiced yesterday and I was nervous when having to turn the car around, I first started off on a hill which wasn’t a good choice, it was my dads fault why it didn’t go well, but My grandma said I went down the hill with the car well. I just don’t like moving my legs a lot is probably my issue
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Post by Parkman on Jul 19, 2022 19:20:38 GMT -5
Locally were seeing it slow down a bit. Where I live everything was pending within three days for obnoxious prices. Stuff is still selling but not as obscene as it was at the max. I think some people are starting to wait and say hmmmm interest rates went up a little the stock markets going maybe we hold out. But you being in Florida I feel like people will push on till the actual crash.
Its gonna be interesting and I'm trying to not get political but this will crash, recession or whatever you want to call it will be something. Both sides of the aisle spend and spend. Obviously the pandemic had the government come in and spend money for various reasons I'm not saying whats right or whats wrong. However if it makes that with the different things that the Federal Government has done in the recent years and Great Recession (bailouts, stimulus checks etc.) will they do these things again when because of all the money spent from the pandemic has helped cause inflation.
Also where are rates gonna go? I know a lot of people are pushing for high rates which helps combat inflation however that will not help first time home buyers. I mean statistically people are buying houses later am I saying they should have more programs no but that will be an issue down the line as well as if younger people are saving and then later on go on a buying spree that obviously will take away demand.
I feel your pain. Its scary what stuff is going for especially when you think about how much you work for it. I bought my house in spring 2020 before it got nuts. I lucked out because my houses asking price was priced to move. I ended up getting it for $4k off listing w/ 3 other offers. Three days after it listed. But they ended up getting an offer accepted on another house and needed this one gone. Only a couple thousand off but I feel it was fair. I don't find fair that I ended up having to get a new roof a year and a half later but thats a side rant i'm just thinking about now lol.
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Post by Cole D on Jul 19, 2022 22:00:31 GMT -5
Locally were seeing it slow down a bit. Where I live everything was pending within three days for obnoxious prices. Stuff is still selling but not as obscene as it was at the max. I think some people are starting to wait and say hmmmm interest rates went up a little the stock markets going maybe we hold out. But you being in Florida I feel like people will push on till the actual crash. Its gonna be interesting and I'm trying to not get political but this will crash, recession or whatever you want to call it will be something. Both sides of the aisle spend and spend. Obviously the pandemic had the government come in and spend money for various reasons I'm not saying whats right or whats wrong. However if it makes that with the different things that the Federal Government has done in the recent years and Great Recession (bailouts, stimulus checks etc.) will they do these things again when because of all the money spent from the pandemic has helped cause inflation. Also where are rates gonna go? I know a lot of people are pushing for high rates which helps combat inflation however that will not help first time home buyers. I mean statistically people are buying houses later am I saying they should have more programs no but that will be an issue down the line as well as if younger people are saving and then later on go on a buying spree that obviously will take away demand. I feel your pain. Its scary what stuff is going for especially when you think about how much you work for it. I bought my house in spring 2020 before it got nuts. I lucked out because my houses asking price was priced to move. I ended up getting it for $4k off listing w/ 3 other offers. Three days after it listed. But they ended up getting an offer accepted on another house and needed this one gone. Only a couple thousand off but I feel it was fair. I don't find fair that I ended up having to get a new roof a year and a half later but thats a side rant i'm just thinking about now lol. The big question is will the fed keep hiking rates or reverse course and keep inflation high if they start seeing the employment and sales slip? I don't think they will though as the inflation is really messing everything up in general and I think it's to the point where something has to be done as companies are not going to increase wages enough to keep up. And it's not a good look when everything is too high, especially going into an election year. But could we have another early 80s style recession where everything just stagnates, rates stay high and prices keep going up? Maybe. I have been seeing some bigger price drops here in the last week or so, $10K and $20k drops an houses. Everything is still way too high though, IMO about $50K-$100K overpriced depending on what it is. If the rate hikes continue maybe we might see a softening of the housing market by the end of the year/early next year but I have no idea. I've been watching videos and they do say the market is starting to drop. With the way things are going I don't want to buy a house right now, not only because of the prices and inflation, but I heard home building is starting to back off quite a bit so I don't know if layoffs will be coming or not, too early to tell but I don't want to buy in that kind of shaky job market. Plus if we do have a bad recession not only could you lose your job but it's hard to get in somewhere else at all because everyone is out looking for any job they can get. I remember when I got my first job we were still in the last recession and I just couldn't get a call back from anywhere they had so many applications in stores, etc. Again who knows though, as fast as this went up, it seems it could come down quickly too, but OTOH the real estate moves far slower than stocks and things like that, so this could go on for a while. I'm still watching the listings but not really interested in buying unless we see some real reductions. You are right Florida is a hot market, I think part of the issue here is people moving in from out of state with lots of money and they are still buying up anything that's good. It makes me wonder though with the last market drop it started showing signs around 2006/07 and everyone says 2008 it crashed but it really took until 2011/2012 for the prices to really bottom out. I remember how cheap they were back then but I was just in my early working years and didn't have much money and no credit to buy. I hope it doesn't take as long as that did to drop if it does.
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Post by phil0110 on Aug 14, 2022 23:47:06 GMT -5
I'm 28, I got married recently.
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Post by Parkman on Aug 15, 2022 20:18:59 GMT -5
Locally were seeing it slow down a bit. Where I live everything was pending within three days for obnoxious prices. Stuff is still selling but not as obscene as it was at the max. I think some people are starting to wait and say hmmmm interest rates went up a little the stock markets going maybe we hold out. But you being in Florida I feel like people will push on till the actual crash. Its gonna be interesting and I'm trying to not get political but this will crash, recession or whatever you want to call it will be something. Both sides of the aisle spend and spend. Obviously the pandemic had the government come in and spend money for various reasons I'm not saying whats right or whats wrong. However if it makes that with the different things that the Federal Government has done in the recent years and Great Recession (bailouts, stimulus checks etc.) will they do these things again when because of all the money spent from the pandemic has helped cause inflation. Also where are rates gonna go? I know a lot of people are pushing for high rates which helps combat inflation however that will not help first time home buyers. I mean statistically people are buying houses later am I saying they should have more programs no but that will be an issue down the line as well as if younger people are saving and then later on go on a buying spree that obviously will take away demand. I feel your pain. Its scary what stuff is going for especially when you think about how much you work for it. I bought my house in spring 2020 before it got nuts. I lucked out because my houses asking price was priced to move. I ended up getting it for $4k off listing w/ 3 other offers. Three days after it listed. But they ended up getting an offer accepted on another house and needed this one gone. Only a couple thousand off but I feel it was fair. I don't find fair that I ended up having to get a new roof a year and a half later but thats a side rant i'm just thinking about now lol. The big question is will the fed keep hiking rates or reverse course and keep inflation high if they start seeing the employment and sales slip? I don't think they will though as the inflation is really messing everything up in general and I think it's to the point where something has to be done as companies are not going to increase wages enough to keep up. And it's not a good look when everything is too high, especially going into an election year. But could we have another early 80s style recession where everything just stagnates, rates stay high and prices keep going up? Maybe. I have been seeing some bigger price drops here in the last week or so, $10K and $20k drops an houses. Everything is still way too high though, IMO about $50K-$100K overpriced depending on what it is. If the rate hikes continue maybe we might see a softening of the housing market by the end of the year/early next year but I have no idea. I've been watching videos and they do say the market is starting to drop. With the way things are going I don't want to buy a house right now, not only because of the prices and inflation, but I heard home building is starting to back off quite a bit so I don't know if layoffs will be coming or not, too early to tell but I don't want to buy in that kind of shaky job market. Plus if we do have a bad recession not only could you lose your job but it's hard to get in somewhere else at all because everyone is out looking for any job they can get. I remember when I got my first job we were still in the last recession and I just couldn't get a call back from anywhere they had so many applications in stores, etc. Again who knows though, as fast as this went up, it seems it could come down quickly too, but OTOH the real estate moves far slower than stocks and things like that, so this could go on for a while. I'm still watching the listings but not really interested in buying unless we see some real reductions. You are right Florida is a hot market, I think part of the issue here is people moving in from out of state with lots of money and they are still buying up anything that's good. It makes me wonder though with the last market drop it started showing signs around 2006/07 and everyone says 2008 it crashed but it really took until 2011/2012 for the prices to really bottom out. I remember how cheap they were back then but I was just in my early working years and didn't have much money and no credit to buy. I hope it doesn't take as long as that did to drop if it does. Some of the stuff that is happening on an election year makes no sense to me but the country is so divided on various things its like is there a swing voter or have you chosen your side at this point? I don't see wages going up. Minimum Wage has gone up but not my pay. We're having big trouble getting people hired at work. People have been leaving big time. Hmmmm but were not attracting people ever think of increasing the base wage? You approved us for over time when were salaried. You gave us our bonuses and an extra bonus but how bout jump up when a lot of people went elsewhere cause they could make a few less dollars an hour but not be super stressed. I'm starting to see less stuff popping up low end and middle stuff still high but sitting there longer. Some stuff though is still going over asking and selling in days. I could sell my house still overnight probably form where I live but my wife would NOT be happy. Its unique because there is lowish unemployment but still a lot of positions out there. I don't care what the whitehouse says we are in a recession at this point and its gonna get worse. I pray no one loses their jobs. I know a bunch of people back in '08 who did. Thankfully I was in high school at the time but the thought of losing my jobn is some scary stuff. Were definitely in a different world then we were in 2008.
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