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Buying a house is such horse dick bullshit (hexbear.net)

submitted 1 month ago by AmericaDelendaEst@hexbear.net to c/chapotraphouse@hexbear.net

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Like what the fuck IS this? In order to know anything meaningful about a house, I need it inspected, but to get it inspected I need to fucking put money down AND PAY FOR THE FUCKING INSPECTION and if it's fucked and I don't want to buy it then woops I lose all this fucking money? Jesus fucking christ it's a turbo charged version of the apartment application fee scam. Fucking christ. Who decided on all this bullshit? Infinite guillotines for all of them

This is one of those things that just really go to show the fucked up extremism of the bourgeoisie, like, you could have capitalist hell and still have like mandatory state run inspections, the details of which are public, for every property being sold. But woops, nope, fuck you peasant

You'd think with how this country jerks itself raw over home owners it wouldn't be this way, but WOOPS

This post brought to you by my gf and I being incredibly anxious over maybe buying a house that seems okay but has a slab foundation so like i don't fucking know what condition the plumbing is in

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[-] Evilphd666@hexbear.net 38 points 1 month ago

There's also loan "origination fees". If you're too poor to up front like a 1/3 of the cost then there's Private Mortgage Insurance fees tacked onto your payment which can be several hundred dollars a month until the principal, which you could be paying down with that PMI is below a certain threshold.

Then there's "closing costs" which is just a fuck you fee with the bank. If rates drop down and you want to refinance then you ahve to pay the origination fees and closing costs for that too.

It's expensive being not fabulously wealthy.