U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Tennessee > Memphis
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-29-2007, 03:41 PM
 
Location: raleigh memphis, tennessee
21 posts, read 69,751 times
Reputation: 20

Advertisements

in·sin·u·ate /ɪnˈsɪnyuˌeɪt/ Pronunciation Key - Show Spelled Pronunciation[in-sin-yoo-eyt] Pronunciation Key - Show IPA Pronunciation verb, -at·ed, -at·ing.
–verb (used with object) 1. to suggest or hint slyly: He insinuated that they were lying.
2. to instill or infuse subtly or artfully, as into the mind: to insinuate doubts through propaganda.
3. to bring or introduce into a position or relation by indirect or artful methods: to insinuate oneself into favor.
–verb (used without object) 4. to make insinuations.
--------------------------------------------------------------------------------
[Origin: 1520–30; < L insinuātus, ptp. of insinuāre to work in, instill. See in-2, sinuous, -ate1]
Rate this post positively Reply With Quote Quick reply to this message

 
Old 05-29-2007, 03:42 PM
 
3,371 posts, read 12,851,459 times
Reputation: 775
Put it to you this way...a friend of mine spent about $90k for a home near Cooper Young that literally overlooks the busy train tracks there...about 50 feet away from it. And my friend put a ton of necessary renovations into the home just to get it up to code and livable. Now the house, even next to the tracks, is worth a lot more than they paid for it. However, they do have tons of problems with their less-than-desirable neighbors, have had to call the cops a lot, and have lots of sketchy people wandering up into their area at night from the very bad areas further south.

To me...not worth it. I'd rather pay out more than I can afford elsewhere, or just live in an apt/condo until I can afford a better house. It's not worth having a home just to have a home. I'd rather save up and be able to get something better.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-29-2007, 03:51 PM
 
21 posts, read 81,869 times
Reputation: 12
lol that is funny (iluvmem's definition)

Last edited by jimlacas; 05-29-2007 at 03:51 PM.. Reason: seditious impulses
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-29-2007, 04:00 PM
 
2,107 posts, read 5,587,994 times
Reputation: 1510
jimlacas, I think in your case, it would probably be better if you simply rented until you get your career/school figured out and taken care of.I agree with Pearlbob: 100k is unfortunately not a very realistic price to pay for a house these days. You can find them that cheap, but I'd use caution when looking at something in that range.I have seen some really SMALL homes for that amount, as in 1-2 bedroom dollhouse looking thing on a tiny lot. Either that or plan on living in a rural area within drivable distance to the city. When I was in college, buying a house never crossed my mind. It is very likely that you'll be in a totally different financial situation once you have graduated and are in your chosen career. Then you'll be in a better position to see what you can afford, which at that point would probably be more.

At least you're not out in CA like me where even a small house iss over $600,000. Now THAT is expensive.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-29-2007, 04:02 PM
 
3,371 posts, read 12,851,459 times
Reputation: 775
Silverbox - no joke!! Housing in CA is outrageous. How disappointing to have a family and not be able to afford a great home for them, even though you're making (what you'd assume to be) enough money to pay for one. I've never understood what people do out there....

There are some shotgun houses in midtown (ie, one bedroom homes) that are tiny, but even then....they are over $100k. You won't find anything like that outside of midtown though.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-29-2007, 04:09 PM
 
21 posts, read 81,869 times
Reputation: 12
Default not trying to find myself

sliverbox, I am not a lost college student still finding his way in the big, scary world. I have my BA and have worked for many years and lived the so-called normal life. I actually worked my own way through school. Now, I am taking time to finish my education. I am older, have a family and think that a house would be a plus for us right now. We live in a 600 sqft apartment and I would not consider a 1200+ sqft house on .25+ acres to be small at all. We have money for a downpayment and are in the market to buy. As far as the price range of 100,000 being unrealstic, well that is simply not accurate. There are plenty of houses for around that price in midtown, east memphis and the suburbs that are currenty listed on crye-leike and more every day.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-29-2007, 04:13 PM
 
3,371 posts, read 12,851,459 times
Reputation: 775
I just looked at the homes listed for $100k and under in the 38104 zip (midtown) and there is nothing that I'd recommend. Some look nice but are literally right next to the rail road tracks (bye bye sleep) or are just in iffy areas on the outskirts of 38104. Believe me, I love midtown but I'm a realist too, and I realize that there are some bad areas right next to good ones. It goes street by street.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-29-2007, 04:13 PM
 
21 posts, read 81,869 times
Reputation: 12
Default midtown seems overpriced

from what i have seen many houses in midtown are the same as ones in east memphis and they are 30-50% higher priced. If, as pearlbob says, some areas of cooper-young are unsafe then I have a hard time believing that paying that higher price is justified so you can tell your office buddies what a cool, quaint cottage you live in.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-29-2007, 04:14 PM
 
21 posts, read 81,869 times
Reputation: 12
Default zip codes

I had been looking mainly in the 38111,38117 zip codes although lately the 38018 zip code of cordova. Also, 38053 of millington.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-29-2007, 04:31 PM
 
2,107 posts, read 5,587,994 times
Reputation: 1510
jimlacas, I feel you there. I too worked through college and have rented since I was 17 years old. I'm not trying to belittle your situation at all. I rent out of the sheer fact that I cannot afford it here. I probably could do so just about anywhere else. But if I were to make such a decision, I'd be asking some questions about what buying a house would do for my financial well-being.

I can understand that having a house with kids seems like a step towards stability. But this sometimes isn't the case. In fact, it can actually be a liability. The market nationally is softening up a bit, and places like Memphis, with it's perhaps undeserved crime problem ( or perception) isn't going to help either. So you could potentially be walking into a depreciating asset.

I also tell anyone moving to a new area that they should rent for at least 6 months. We get a lot of people from out of state who've either cashed out their home, or lived in an overpriced area and can't afford it suddenly move in and buy a home, site unseen in the first neighborhood they happen to visit on a 2 day blitz of a weekend 'excursion' trip. That makes zero sense to me. Why would you take a risk like that? Who knows- the neighbors might be cooking crystal meth next door. You might find that the neighborhood next door is actually a lot nicer than where you settled and thought was THE place for you. Or- by renting you could very well find that 100k dream home that suddenly pops up on the market. I think anyone making a drastic living situation can surely stand another 6 months of their life by renting in order to make a lifetime decision. Don't rush into something as serious as buying a house that might/might not contribute to your life.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Tennessee > Memphis

All times are GMT -6.

© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top