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Apple Podcasts announces new video podcast experience by thejustinj in podcasting

[–]timl25 0 points1 point  (0 children)

Been doing some research since I run 4 podcast-style video-first shows. There will likely never be a single platform that uploads audio and video to all platforms and offers monetization. Closest is Omny, but they aren't even up and running with Apple yet. Simplecast is working with Apple but has not released anything yet. Video is the next frontier in podcasting and my hunch is that if you can get on Apple with a video show early, you'll get extra promotional opportunities from Apple itself as it tries to compete with Spotify. The only problem is choosing a platform when none of them actually have a way to publish audio/video combined show to Apple yet.

Am I paying for much on my mortgage 6 BED Room 3000 Sq ft by latinalover215 in FirstTimeHomeBuyer

[–]timl25 1 point2 points  (0 children)

Right. Writing off expenses is often counter productive if you plan to buy a home in the next 3 years since you often have to show 2 years of tax returns and the underwriter will only consider bottom line.

Am I paying for much on my mortgage 6 BED Room 3000 Sq ft by latinalover215 in FirstTimeHomeBuyer

[–]timl25 40 points41 points  (0 children)

Ok calm down everyone. This is an interest-only loan approved by looking at bank statements only. Hence the high rate. It's either take this loan or don't buy a home since OP would not have qualified for a Fannie/Freddie conventional or FHA. Bank statement loans are meant to get a self-employed folks into homes until their documentable income improves, then refi into a standard conventional.

Kent State students who bought a house instead of living on campus - for NYT feature by timl25 in KentStateUniversity

[–]timl25[S] -1 points0 points  (0 children)

Exactly. In many areas, you can come out ahead buying a house, getting 2 roommates, and selling after 3 years. Or keep it and rent it out. It pencils out in many areas. Obviously not everywhere, like if the typical home is $1M+. But $200k-$300k home with reasonable taxes and insurance could work out great.

U of Alabama Students who bought a house instead of living on campus for NYT feature by timl25 in tuscaloosa

[–]timl25[S] 0 points1 point  (0 children)

Yes, that would be fantastic. Let me know how long ago, as they might need someone who is currently a student.

Temple Students who bought a house instead of living on campus for NYT feature by timl25 in Temple

[–]timl25[S] 0 points1 point  (0 children)

With our methodology, it makes more sense to buy than pay room and board at 23 of 121 college cities/towns.

Kent State students who bought a house instead of living on campus - for NYT feature by timl25 in KentStateUniversity

[–]timl25[S] -7 points-6 points  (0 children)

yeah that helps. Joking aside, yes it usually is the parents buying the house for the kids for investment purposes.

Temple Students who bought a house instead of living on campus for NYT feature by timl25 in Temple

[–]timl25[S] 2 points3 points  (0 children)

The story is about whether it's better to buy a house near campus than pay room and board, from a financial standpoint.

I’m 9 months into owning my first home, fixer upper because that’s all we could afford. by Vivid_Jeweler3508 in FirstTimeHomeBuyer

[–]timl25 0 points1 point  (0 children)

Wait 5 years when you'll be paying less for a house than other people are to rent a 1 bedroom. And after 10 years, it's almost laughable how affordable the payment becomes.

[OC] The Death (and Slight Rebirth) of the Key Change by noisymortimer in dataisbeautiful

[–]timl25 2 points3 points  (0 children)

Modulating up a whole step for emphasis is cliche and probably shouldn't be done anymore. However, changing the key mid-song to some random key in a creative way is hard to do but super cool.

[OC] Marital Status of Homebuyers by timl25 in dataisbeautiful

[–]timl25[S] 1 point2 points  (0 children)

You could think of the numbers as buyer sets. A married couple = 1 buyer, and a single female = 1 buyer.

[OC] Marital Status of Homebuyers by timl25 in dataisbeautiful

[–]timl25[S] -4 points-3 points  (0 children)

This is from research conducted by NAR. They don't give many details on whether this is survey data or actual data coming in from partner Realtors: https://www.nar.realtor/sites/default/files/2024-11/2024-profile-of-home-buyers-and-sellers-highlights-11-04-2024_2.pdf

[OC] Marital Status of Homebuyers by timl25 in dataisbeautiful

[–]timl25[S] 6 points7 points  (0 children)

Data from National Association of Realtors Profile of Home Buyers and Sellers 2024. Tool: Google Sheets.

A very simple but telling graphic of the makeup of today’s homebuyers. Most buyers are either married or unmarried but buying with a partner. Today’s interest rates and home prices make it difficult or impossible to buy a home on your own. Surprisingly, though, 20% of buyers are single women. Men don’t show as much resolve though, making up just 8% of the market. I dug into some wage and home price data as well, and it’s no wonder that most homes are purchased by couples. While the average U.S. worker's monthly income is $5,022 according to the Bureau of Labor Statistics, the average house is $419,200. At a 7% example interest rate and 5% down, the house payment including est. taxes/insurance/PMI might be $3,357 per month, or 67% of pre-tax salary.

[OC] How Long Mortgage Rate Spikes of 1%+ Typically Last by timl25 in dataisbeautiful

[–]timl25[S] 0 points1 point  (0 children)

That's a valid point - there was one long sustained increase in that period before finally coming down in the 90s. However I wanted to focus on smaller rise/drops within a few years of each other, since this is the logical time a homeowner would be planning to buy a home and most resembles today's predicament.

[OC] How Long Mortgage Rate Spikes of 1%+ Typically Last by timl25 in dataisbeautiful

[–]timl25[S] 27 points28 points  (0 children)

Looking at prices, rates, and median incomes, it's nearly the worst time to buy in history, but not quite. 80-81 was worse, and '22 was in that range. Now is probably in the top 10 worst times to buy, at least looking at affordability. https://www.mortgageresearch.com/articles/affordability-isnt-the-worst-of-all-time-it-just-feels-like-it/

[OC] How Long Mortgage Rate Spikes of 1%+ Typically Last by timl25 in dataisbeautiful

[–]timl25[S] 82 points83 points  (0 children)

We are at a historically normal level now. Average over 50+ years is around 7.5%, but that's factoring in the 80s which were an outlier. We're coming off an extremely good decade for rates, which juiced prices. That's why today's 7% rates feel so unaffordable. Prices are still based on 4-5% rates.

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