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Old 12-02-2019, 04:11 PM
 
1,745 posts, read 852,338 times
Reputation: 1828

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Buying a home is hard, even with the likes of new apps that purport to smooth the process and real estate agents that promise a hassle-free experience.

And, much like driving a car or raising a child, the first time is always the most trying, they say.

Then again, hurdles abound each time you step into the Atlanta homebuyer market..."

FULL STORY: https://atlanta.curbed.com/2019/11/2...ome-homebuyers

SOURCE: Curbed Atlanta
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Old 12-03-2019, 12:55 PM
 
2,350 posts, read 2,274,115 times
Reputation: 1854
I think that finding a starter home, or even a “forever” home, in many places outside the perimeter is not so bad, as long as folks are flexible. If folks want/expect all the amenities, shiny and new and and top schools, it gets pricey.
I think that for many, buying Intown is like trying to hit a moving target—once folks have adjusted their expectations, the market has moves out of their reach—it’s tough.
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Old 12-03-2019, 01:15 PM
 
9,008 posts, read 12,151,052 times
Reputation: 7537
Quote:
Finding a good home with proximity to food, transit, and solid educational opportunities is easier said than done
Well... duh!!!!

I think the problem is people expect their FIRST home to have all these things. Well, nope, it's never quite worked that way. Your first home is rarely your ideal home. The purpose of your starter home is to lock in a mortgage that won't raise like rent and build some equity. Then, in 5 years or so, you'll be in a position maybe to step up.

And guess what? Your SECOND home probably won't check all the boxes either!

Home ownership is like your career. Your first job isn't going to pay six figures with a corner office and company car. And most people will never get there. However, you've got to start the journey and keep taking steps to get closer to it. Stop expecting your first home to be perfect and it will be much, much easier. Look for something likely to appreciate and not cost a fortune to maintain and then move up when you're ready. Not rocket science.
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Old 12-06-2019, 07:44 AM
 
Location: Sandy Springs, GA
2,175 posts, read 2,579,632 times
Reputation: 2654
Quote:
Originally Posted by ATLTJL View Post
Well... duh!!!!

I think the problem is people expect their FIRST home to have all these things. Well, nope, it's never quite worked that way. Your first home is rarely your ideal home. The purpose of your starter home is to lock in a mortgage that won't raise like rent and build some equity. Then, in 5 years or so, you'll be in a position maybe to step up.

And guess what? Your SECOND home probably won't check all the boxes either!

Home ownership is like your career. Your first job isn't going to pay six figures with a corner office and company car. And most people will never get there. However, you've got to start the journey and keep taking steps to get closer to it. Stop expecting your first home to be perfect and it will be much, much easier. Look for something likely to appreciate and not cost a fortune to maintain and then move up when you're ready. Not rocket science.
This is a late stage capitalist type of attitude to have. I imagine that a lot of people would rather build wealth without being forced to consider their home part of their investment portfolio. You shouldn't gamble with something that you are unwilling or can't afford to lose.
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Old 12-07-2019, 09:39 AM
 
Location: Atlanta
987 posts, read 370,114 times
Reputation: 588
is it hard to buy a starter home, or is it hard to buy a starter home because one wants to buy in popular areas that have been unaffordable to most of us for a long time (and still are)?
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Old 12-08-2019, 07:57 AM
 
Location: NW Atlanta
6,207 posts, read 4,809,562 times
Reputation: 3882
Quote:
Originally Posted by Joe_P View Post
is it hard to buy a starter home, or is it hard to buy a starter home because one wants to buy in popular areas that have been unaffordable to most of us for a long time (and still are)?

Your answer is bolded.



Expecting to buy a house for under $300,000 in popular white neighborhoods in Atlanta in 2019 is more foolishness than an affordable housing reality.
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Old 12-09-2019, 09:27 AM
 
647 posts, read 328,250 times
Reputation: 1062
Quote:
Originally Posted by Tarzanman View Post
This is a late stage capitalist type of attitude to have. I imagine that a lot of people would rather build wealth without being forced to consider their home part of their investment portfolio. You shouldn't gamble with something that you are unwilling or can't afford to lose.
Ok, and they can do this anyway?

Nothing is stopping someone from simply not buying a home and instead investing in mutual funds or stocks or Roth IRA, etc.

Many if not most humans don't own homes.

That's a very American mentality.
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Old 12-10-2019, 09:15 AM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
8,861 posts, read 6,356,113 times
Reputation: 13216
Quote:
Originally Posted by ATLTJL View Post
Well... duh!!!!

I think the problem is people expect their FIRST home to have all these things. Well, nope, it's never quite worked that way. Your first home is rarely your ideal home. The purpose of your starter home is to lock in a mortgage that won't raise like rent and build some equity. Then, in 5 years or so, you'll be in a position maybe to step up.

And guess what? Your SECOND home probably won't check all the boxes either!

Home ownership is like your career. Your first job isn't going to pay six figures with a corner office and company car. And most people will never get there. However, you've got to start the journey and keep taking steps to get closer to it. Stop expecting your first home to be perfect and it will be much, much easier. Look for something likely to appreciate and not cost a fortune to maintain and then move up when you're ready. Not rocket science.
I think this is something some millennials are accused of. Wanting everything now. Not surprised since today more than ever is a time of instant gratification. But I don’t think it’s the old idea of a large home in the burbs, but a nice place in a vibrant metro.
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