Bought in 2020 and locked in 2.65%. It’s a bit of a fixer upper due to the previous home owners’ neglect. About $60k in repairs and improvements so far has it feeling more and more like a home. The house value has risen more than I put into it.
My wife and I say almost weekly how bad we feel for others and how lucky we were. The timing was impeccable. Cashed out our 401k, used covid relief checks, and went from a 600sq ft cabin on family property to a 2k+ sq home we owned.
You were extremely lucky with that interest. Congrats! What are you both planning/doing for retirement now? Are you going to try to max your contributions to make up for cashing out?
We increased our contributions to what we can afford and went from $0 in 2020 to $52k now. Just keeping on keeping on.
Trying to pay down all other outstanding debt (car, solar loan) higher than what we can make back through other investments. My wife has a job that will match 7% after a vesting period, so we’re waiting for that nice bump to really figure things out from there.
Pretty darn good. 2% interest rate locked in for 20 years. Sure we overpaid market value and the house lost a little value this year but we are ahead in our mortgage and we are fine with how much we paid for it.
bought in 2020 … value of property has increased 50%, land value has doubled - which helps if i need to refinance as the amount owing is less than 80% of the value so i get interest rate discounts. I border a new-ish estate of mcmansions but i have double the block size. If i had some significant cash behind me i’d knockdown, divide the block and build 2 homes. but i dont, but i can dream. i’m happy… not about interest rates but it’s for the future/kids
We built in 2018, and refinanced twice in twelve months over the course of the pandemic. We’re on a 15-year now with payments only slightly higher than our original 30-yr payments were, which makes me feel like everything is completely arbitrary.
But in any case, I’m glad we like the house. There’s no way we could ever move, in this economy.
I sold my house in a rural area at the end of 2019 and then signed a contract to buy my condo in the middle of a big city right before the covid quarantine started. I think I would have been significantly better off if I had waited six months to do both those things, but such is life. At least I have my low interest rate…
Bought a fixer upper in June 2020 from a couple way in over their head. Zillow’s estimate puts me up 38% from my purchase but with everything Ive added/built/fixed, I think I could double the price if I wanted to sell it- cool house in a now popular neighborhood. Doing well, I guess.
My house is literally one of a kind. On the national historic registry and also recognized by the city. Two cute bronze plaques attached to the front near the door. It’s a Tutor Revival that has been kept in its original state almost religiously.
It’s my favorite house I have ever seen so I’m lucky. Looking at it is just awe inspiring… It’s actually awesome
It sounds awesome but I would personally hate living in a home like that as you’re not allowed to do anything to it and any repairs have to be done in a specific (and more expensive) way. It’s like living in an HOA on steroids.
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