I recently purchased an underground bunker in Las Vegas, described as being outdoors but it’s actually below ground. I found the listing on a forum dedicated to unique properties. My mortgage broker has controversial political views, and my interest rate is shockingly high at 26.75%. I’ve committed to the purchase, but I’m curious about your thoughts. Was this a wise decision?
Budgeting might be tight but it’s always good to plan ahead.
Onyx said:
Budgeting might be tight but it’s always good to plan ahead.
Consider the potential for market growth.
Onyx said:
Budgeting might be tight but it’s always good to plan ahead.
Make sure to set aside funds for maintenance and unexpected costs. Remember the space needed for the cats too.
Switching to biweekly payments might help avoid PMI, could be a good move.
Seems like you’re stretching your budget, but it’s your choice!
Buying now could be beneficial. You might be able to refinance for a lower rate later as the property value increases, potentially improving your financial situation significantly.
Have you checked if it’s located in a good school district?
Maybe focus on political changes in Venezuela to access your NFT wealth?
That interest rate gave me a jolt!
Dave Ramsey’s advice could be useful, though this situation might be a bit unique for standard formulas.
Might need to cut back on daily expenses, like that morning coffee.
Lior said:
Might need to cut back on daily expenses, like that morning coffee.
I don’t work, so no coffee on the way!
I’d prefer higher interest rates personally.
Waiting might be better, interest rates could decrease.
Refinancing might be an option when interest rates drop slightly.
Zinnia said:
Refinancing might be an option when interest rates drop slightly.
I’m not interested in that strategy.
Look into refinancing options for a better rate.
It might be tight initially, but refinancing in the future could improve your situation. Consider borrowing against your retirement savings for the downpayment.
It’s a bunker, stock up and maybe redirect your address to stay off the radar in case of foreclosure.