Why would I move to a state that hates women? You couldn't pay me to live there.

Housing prices are high all across the country. I'd rather spend extra $ here than some shit state just to say I spent less than $100k on a house.

Hey maybe buying at the absolute top of the market is their way of setting the high score!

I’m reading these comments right now and I’m dying. Our state is so fucking corrupt. 🤣

I’m hoping to soon. I’d rather be house-poor than stay in my horrible apartment.

Rhode Island actually offers a grant currently for first time home buyers that could be worth checking out for some people!

https://www.rihousing.com/statewide-dpa/

I would need to save more money, but would consider buying over renting for a few reasons.

1. I have a dog and rent prices with a dog are completely and utterly insane (if you can find somewhere that will even take them to begin with)
2. Actually putting money into my own investment and not into the hands of landlords that don't give a crap about you.
3. rent prices I've seen can range from up to anywhere to over 3k for a 2 bed. Why not buy a house and have your own land for a mortgage that's going to cost the same.

I know most of this depends on where in RI you buy. Realistically you can get a house for 350-375k in Warwick, Pawtucket, Cranston, West Warwick,etc. If you're looking for a nice place closer to the ocean in South County or Aquidneck Island then you're going to be paying probably closer to 550-600k.

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I agree that values are high but I do not think they will decrease any time in the near future. COVID was a game-changer for the workplace and an increasing number of people are working from home. I suspect people who mainly work from home and commute to Boston a few days a week are going to continue driving prices up.

Why would someone buy a house in RI ?Move to Texas s and buy same size house half the price and less taxation .

Franchise fees seem pretty good.

Whats your other options?

Absolutely. My only point was mostly that it’s better to get your foot in the door regardless. While interest rates have definitely made housing prices go up, we have a fundamental shortage of housing. By a significant amount. At this point, even lower interest rates won’t solve that problem. It’s going to require coordinated policy decisions in multiple levels of government. That’s going to take a while to happen.

You’re right that the rates aren’t high by historical standards, but home values certainly are. The values combined with current interest rates are making for higher monthly payments than the combination of any past rates and values ever has

If you want/need a house now then buy one now. Trying to time the market is kind of a fools game. Some people get it right, but most people get it wrong.

Buying a house is a lifestyle choice, like a car, or a watch, if it's the lifestyle you want and you can afford it then you should do it.

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Not only can you refinance, but current interest rates aren’t even that “high” by historical standards. For better or worse, we’ve been spoiled with low interest rates since they were slashed to zero in the wake of the financial crisis of 2008-2010.

Not currently in the market for a home at the moment, but if I had the money, I definitely wouldn’t be stopped by current interest rates.

if i had the money.

narrator: tilario doesn't have the money.

I would if Rhode Island had West Virginia’s housing prices.

I appreciate your perspective. I completely understand people who aren’t happy about the way the stadium is being financed, but I’m excited to actually have my tax dollars going to something that I want and I care about, you know? I really believe in the potential of RIFC to be something that unites people and brings them together and gives us all a lot of joy, and I just want to share that with everyone

The financing issue seems to me to be largely Pawtucket wanting to wait out the current bond environment - i.e. not issue bonds at 5% interest if by summer they are back down to 3% or lower.

I think it is ok to be against the project and skeptical of its value and still not be a dick to the people that are excited about the team though. Like place the aggression where it belongs which is not against the people that want it (having been approved) to succeed.

Like I'm a dick to the fane tower believers but if it was approved I would still shit on fane and the 195 commission but I would try my best not to shit on people that liked the building and wanted to see it occupied, if that makes sense.

Yes, I would. You can refinance that 6% mortgage in a few years when interest goes down, but you can never get back to the current prices. While it's high now, just wait a few years and it will be even higher.

Bought 4 so far, real-estate is gold

Interest rate are insane and I don’t want to pay inflated prices plus 6% interest rate.

Same. was going to comment this

No because I am poor