Recent comments in /f/RhodeIsland

leavingthecold t1_j5yzpqs wrote

So glad I bought my house in the late 2010's. Even with it being the tail end of the buyers market it was discouraging at certain points. If I wasn't able to get a house I was just going to pack up and move to the west coast. Looking at it now there is no way I could afford my house with the interest rate where it is now.

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fuckyeahcaricci t1_j5yywy1 wrote

I moved here from NYC when I was in my 30's. I didn't drive and took the test in RI in 1996. There was no parallel parking on the test! My son took the test in 2016 and there was no parallel parking. He can parallel park though, but I sure can't.

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Intsta_gram_4on1 t1_j5yxacw wrote

Supply & demand. Everyone wants a house but not enough are available + not enough sellers.

Also, the cost of a house. Property, concrete, yard, wood, appliances, dry wall, lighting, flooring, every single piece of the house cost x amount and when added together equals a larger price.

houses in new england are made of wood. If the price of wood goes up as much as it did during covid (because our lumber comes from canada and borders were closed) the price of a house will greatly increase.

My advice is to do what i did and buy a multi family and rent out 1 or 2 units while living in the one remaining. You can use that projected income as a boost to what you are approved for. I was approved for 250k for single family and 500k for a 3 family. Big difference. My 3 unit is collecting $2500 in rent and i pay $300 plus water / sewage / taxes on the rest. In a couple years i will repeat the process and in about 5-8 years use all 6 rents to pay for a single family. I would not recommend starting* with a single family.

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GlotzbachsToast t1_j5ywxfe wrote

Yeah, I think a lot of the shock comes from the fact that suddenly their rate is higher when they haven’t changed any of their normal habits! Doesn’t mean they aren’t willing to make changes to save electricity (for example, I used to leave the above-stove light on at night as a nightlight and now I don’t).

Your point about making sure there isn’t some major factor using energy that didn’t exist before is a good suggestion, but I think most people are just surprised by how much their costs have changed when everything else has been a constant.

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Shanbear16 t1_j5yw3u9 wrote

I parallel park every day for work (Pawtucket). Besides that, I lived in another city for a while and had to frequently parallel park.

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Ph886 t1_j5yvwj2 wrote

There are A LOT of new people here (first/new house, first/new apartment), which is why OPs post is useful. Just because you’ve lived in a cold state doesn’t necessarily mean you know or understand utility billing. I do understand that there are those that are just venting about the increased costs as well.

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CatH2222 t1_j5yvmvs wrote

It is $3800 to rent the venue. You must bring in your own tables and chairs for the Mediterranean room reception. Also, 110 max.

We used Blackstone catering. I highly recommend them. Everything was flawless.

It is a beautiful place and we really enjoyed it bit our budget went over by quite a lot for all the add on's.

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Aliriel t1_j5yuvxo wrote

Supply and demand. AirBnb reduced rental availability so people decided to buy because interest rates were low. More buyers, less supply. Now the interest rates and taxes go up. Rentals get higher still because landlords' maintenance is astronomical. More want to buy. Rinse and repeat.

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jnthn333 t1_j5yut2n wrote

Same here... we looked at 50+ houses in 2020 and made aggressive bids on 10 and didn't even get close. Some of them are up $200k in value, since. Would have been our first home... I expect we'll keep renting for at least another couple years before things improve.

So much for... you know... ever being able to retire.

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