2023 Real Estate Observations (Boston: good credit, first time home buyer, guidelines)

[MtPleasantDream]

Sometimes it’s not about how fast the equity can build. It’s about forcing ourselves to put a big chunk of income in some (relatively safe) investment.

When we have a lot of extra cash, we spend a lot.

[simplexsimon]

Originally Posted by MtPleasantDream

Sometimes it’s not about how fast the equity can build. It’s about forcing ourselves to put a big chunk of income in some (relatively safe) investment.

When we have a lot of extra cash, we spend a lot.

You're right, the behavioral hurdle can't be overestimated. I recommend to anyone to automate saving/investing as much as possible.

[matrix5k]

Originally Posted by msRB311

I don't know if that's necessarily it. It seems that many parents think that in order to be good parents they have to be involved which translates for many to being overly involved/do it for them.

Originally Posted by msRB311

Yes I agree with this. I used to come home and play outside with neighborhood kids. There seems to be less of that these days. There's more for parents to do and I think that's another reason people have less kids. However I still encounter some large families and I don't know how they do it.

Originally Posted by msRB311

Yes, I think a lot of that comes down to parents want their kids to have more than they did....and much of that comes down to not having to pay for things themselves. I get it, but it's becoming more and more things that people's kids don't need to pay for themselves...I think we've discussed on here the amount of kids who have parents pay for a down payment on a house these days.

Originally Posted by msRB311

Agree. Kids of all ages are given things by parents and grandparents these days. I think people have taken the phrase, 'I don't want to struggle or want my kids to struggle' too far.

My daughter's friend is 7 and her mom doesn't think she likes school. She was like, that's fine if she doesn't like school and doesn't want to go to college, we'll just buy her a bakery someday if that's what she wants to do. lol. Ok.

Originally Posted by msRB311

Yes, I think a lot of that comes down to parents want their kids to have more than they did....and much of that comes down to not having to pay for things themselves. I get it, but it's becoming more and more things that people's kids don't need to pay for themselves...I think we've discussed on here the amount of kids who have parents pay for a down payment on a house these days.

Originally Posted by msRB311

20 times? Are you a helicopter parent? Sounds like you're very offended.

I stand corrected, you only complained 5 times about parenting in a real estate thread. I notice you complain a lot on this forum. You always complain about illegals, females who take maternity leave, people who don't work remote, parents, etc. Try to see the brighter things in life. In general life is good.

[msRB311]

Wow you must be having a bad day.

For the record I'm a female who has taken maternity leave twice.

[newenglandgal123]

How are all the top tier rated mortgage applicants feeling about having to pay higher rates to subsidize those with poor credit scores? Once again, those who work hard and are responsible with their finances/use of credit have to pay the price. This is akin to using taxpayer money to fund EBT cards for those who don't want to get off their behinds and get a job. They get stuff for free and the handouts keep on coming for these folks. Unbelievable....
https://www.cbsnews.com/boston/news/...credit-scores/

[massnative71]

Originally Posted by newenglandgal123

How are all the top tier rated mortgage applicants feeling about having to pay higher rates to subsidize those with poor credit scores? Once again, those who work hard and are responsible with their finances/use of credit have to pay the price. This is akin to using taxpayer money to fund EBT cards for those who don't want to get off their behinds and get a job. They get stuff for free and the handouts keep on coming for these folks. Unbelievable....
https://www.cbsnews.com/boston/news/...credit-scores/

I'm total BS right now. And the way this train wreck of an administration just snuck it through like that, just a total punch in the gut. Nobody with a credit score below 680 has ANY business buying a home in the first place.

[msRB311]

Sounds like something else for me to complain about

[mikeugh]

Originally Posted by newenglandgal123

How are all the top tier rated mortgage applicants feeling about having to pay higher rates to subsidize those with poor credit scores? Once again, those who work hard and are responsible with their finances/use of credit have to pay the price. This is akin to using taxpayer money to fund EBT cards for those who don't want to get off their behinds and get a job. They get stuff for free and the handouts keep on coming for these folks. Unbelievable....
https://www.cbsnews.com/boston/news/...credit-scores/

You do know that 70% of people receiving snap benefits do have full time employment, and the majority of the rest work as well, right ?

The real crime is that someone can work full time and not earn enough to be eligible to receive these benefits, and that companies pay so very little and depend on public subsidies to do what they should be doing.

[redplum33]

Originally Posted by msRB311

Sounds like something else for me to complain about

Complain away.

[massnative71]

Originally Posted by mikeugh

You do know that 70% of people receiving snap benefits do have full time employment, and the majority of the rest work as well, right ?

The real crime is that someone can work full time and not earn enough to be eligible to receive these benefits, and that companies pay so very little and depend on public subsidies to do what they should be doing.

Total nonsense. We are at FULL employment and anybody with a pulse can get $18-$20/hour for merely showing up to work. I can think of very few reasons why an able bodied person should be receiving benefits in this day and age. Let's get back to real estate please.