Recent comments in /f/RhodeIsland
GlotzbachsToast t1_jbxm7wk wrote
Reply to comment by Ashby238 in For the love of God, someone please sell me your home by clairedelunar
We have been looking there! I have basically all of westerly and Chariho area saved on Zillow 😂
RIFCSUPERFAN t1_jbxgkh9 wrote
Look in east Providence! I'm a 3-5 minute drive to the city and still have a yard. I will be selling my 3bed 1.5 bath but not until the fall likely.
Agent_Giraffe t1_jbxgb1a wrote
Reply to comment by xxarcticxx in Which Rhode Island City would make a good variant for the "Only in Ohio" memes? by After-Yesterday-684
I used to work in Artic. Very… interesting people there.
hyperprettyone t1_jbxf5q2 wrote
Reply to comment by Blubomberikam in Psychiatrist by Surrender2
I'm a patient; they offer some in person sessions but there are no psychiatrists only social workers. A psychiatrist is able to prescribe medications and social workers cannot.
Rhody1964 t1_jbxe4lm wrote
Reply to Just signed the offer letter! by Redleg00
South County is the best. If you've got kids in school or going to have them, both North and South Kingstown have great schools.
Sensitive_Plane_3925 t1_jbxdr90 wrote
Reply to Psychiatrist by Surrender2
Caring professionals at Revive Therapeutics in Providence. The med route wasn’t right for me so I went there for TMS (Neuro Star). Was covered by insurance and made a big difference. Counseling with a licensed counselor also was very beneficial.
Redleg00 OP t1_jbxdioq wrote
Reply to comment by SadAerie6351 in Just signed the offer letter! by Redleg00
Eh go fuck yourself.
BlushesandGushes t1_jbxbmzs wrote
Reply to comment by Null_Error7 in For the love of God, someone please sell me your home by clairedelunar
You have a fair point. Folks who bought with a 2% mortgage will not have incentive to sell. Historically low interest rates were used to stimulate the economy, then the government prevented evictions which meant that roughly 5% of the housing market that is typically in rotation no longer was; further restricting supply.
At some point foreclosures and evictions will need to return and when that happens you will have several years of pent up inventory hitting the market at likely the same time. It is also possible that this will coincide with the rise of unemployment, which is also at historical lows and at some point will return to a more normal rate.
Despite the fact that there is incentive for some with a 2% mortgage to stay put; life will continue. The elderly will die, people will be promoted and relocated, and empty nesters will downsize. Nothing is permanent, just like the fact that in the 1970s mortgage rates exceeded 10%. BITD the opposite thing was being said and folks were saying that people will never be able to buy a home because of the insanely high interest rates and the impact that had on the mortgage payment.
People complain about the economy right now. There is reason to do so; but just wait until the unemployment rate rate spikes and finding a job is more difficult. The amount of housing supply will increase, but those who will qualify for a mortgage will decrease and a portion of the population will remember the good old days of high employment, despite the increase in prices.
The key take aways, especially for young people, is that nothing is permanent. Save your money now, and pounce when the economic changes occur. Buy when the inventory returns. When the interest rates eventually fall, refinance. Just because this isnwhatnhas happened during your early adulthood doesn't mean that the world won't continue to find equilibrium to a state that you have yet to experience.
appslap t1_jbxbf50 wrote
We bought land in summer of 2019, sold our house at the end of 2019, locked into a really low rate during pandemic, finished building in 2020 and will never sell. Ideally if I ever move I’ll rent it out and it’ll cover my next mortgage. It’ll likely take a few years for rates to go back down but supply is still an issue.
PhilLovesBacon t1_jbx9kcu wrote
I'm a single male, 39, I just bought in Warwick at the end of August. $275K for a 3 bedroom, 2 bath, 1,100 SQ ft, about .15 acres. Places are out there, stay diligent and good luck!
[deleted] t1_jbx7o8f wrote
Reply to comment by RIDG86 in For the love of God, someone please sell me your home by clairedelunar
[deleted]
realbadaccountant t1_jbx6cbh wrote
Reply to comment by clairedelunar in For the love of God, someone please sell me your home by clairedelunar
Good on you guys for being patient. I know it can be hard when you’re gung ho about buying and sometimes if you squint, a house that’s not right for you looks like the right one.
We own but almost bought a house that cost 2.5x our current house with no additional square footage just to be 5 minutes from the ocean. Then it dawned on us: who gives a shit if you’re 5 minutes from the ocean or 25 minutes from the ocean? You still have to drive. Best decision we’ve made since buying our first house.
SadAerie6351 t1_jbx4q23 wrote
Reply to Just signed the offer letter! by Redleg00
Go back to Jersey
Distinct-Ad5751 t1_jbx447s wrote
Reply to comment by Constant_Aspect9955 in For the love of God, someone please sell me your home by clairedelunar
Haha nope. I bought 7 years ago and it’s more than doubled in value. I’m not leaving for less, thanks.
Ashby238 t1_jbx33es wrote
Reply to comment by GlotzbachsToast in For the love of God, someone please sell me your home by clairedelunar
Check out Bradford. It’s one of the Westerly Villages so you get the lower taxes and it has tons of hiking trails. We love it.
Previous_Floor t1_jbx2iu7 wrote
Sounds like you're looking for 2018 prices in 2023. Good luck!
Distinct-Ad5751 t1_jbx165k wrote
Reply to comment by GlotzbachsToast in For the love of God, someone please sell me your home by clairedelunar
I think I know that house! Do you have a realtor? I know a good one in Westerly if you need one.
HeavenHellorHoboken t1_jbx0f5k wrote
What’s your budget?
NeptuneNancy42 t1_jbwyakr wrote
Reply to comment by TadpoleMajor in Just signed the offer letter! by Redleg00
I grew up on the Jersey shore and your idea of the place is based more on a TV show than reality. 😊
Yak54RC t1_jbwy7i1 wrote
Reply to As the late great Dr. Seuss once said 📚 Will it rain? ☔️ Will it snow? ❄️ I live in Rhode Island ⚓️ I do not know 🤷♂️ #401wx by WeatherInRI
Ground too warm already for anything to stick
NeptuneNancy42 t1_jbwy6di wrote
Reply to comment by lagreenlmw in Just signed the offer letter! by Redleg00
We moved here after 16 years in CT and I love RI, one reason being it feels more like NJ to me than CT ever did.
zebrawithflowers t1_jbwy1i8 wrote
Reply to As the late great Dr. Seuss once said 📚 Will it rain? ☔️ Will it snow? ❄️ I live in Rhode Island ⚓️ I do not know 🤷♂️ #401wx by WeatherInRI
If you don't like the weather, go five miles. ☺️
scagatha t1_jbwy180 wrote
Reply to comment by cojwa in For the love of God, someone please sell me your home by clairedelunar
The suburbs are depressing , I want to be close to where shit is going on, Pawtucket is where it's at. I work in a dive bar in the bucket and they try to convince me it's scary and and bad and I'm like, have you ever gone outside of RI? Have you ever worked or lived in the tenderloin or mission of SF or traveled the less than first world countries? GTFO with that, it's idyllic in comparison. Love poorbucket.
NeptuneNancy42 t1_jbwxzcc wrote
Reply to Just signed the offer letter! by Redleg00
Can’t help with housing because I’m on the other side of the bay, plus I’ve only lived here 2 1/2 years, but I just wanted to say welcome from this Jersey girl!
Redleg00 OP t1_jbxmcqd wrote
Reply to comment by Rhody1964 in Just signed the offer letter! by Redleg00
I do, and that’s the plan!