Home buying

[SLW]

Do the Teamsters (or UPS for that matter) offer any kind of benefits for home buyers? I feel like the AFL-CIO used to have something, but I couldn't find anything to that affect anywhere for us.

 

[nWo]

Mortgage Program

Union Plus benefits offered by the AFL-CIO's Union Privilege provides consumer savings, discounts, benefits, and education resources to active and retired labor union members.

teamster.org

There's probably better programs out there. I would check with your local credit union.

 

[rod]

UPS offers the best kind of program to be a home owner. If You stick around long enough and become a RPCD you make enough to afford a great home.

 

[trickpony1]

UPS offers the best kind of program to be a home owner. If You stick around long enough and become a RPCD you make enough to afford a great home.

....and what you REALLY don't want to do is run around telling everybody, especially management, that you bought a new house or a new car or a new airplane.

The less management knows about you, the better.

Secretly helping.

 

[Thebrownblob]

....and what you REALLY don't want to do is run around telling everybody, especially management, that you bought a new house or a new car or a new airplane.

The less management knows about you, the better.

Secretly helping.

you’re right, Unfortunately most members put everything they do online for everyone to see.

 

[Up In Smoke]

Not a great time to be buying a house. Prices are still sky high and interest rates on the rise makes renting until things settle out a much better option. We are seeing an increase in HUD sales hitting the market with the expiration of 2 and 5 year ARM's. The next 3 to 5 years should shake out a lot more of the ARMs and balloons. Save your money and be ready when the housing market pulls back. I don't see another 2007-2008, but there will be buying opportunities at reduced prices.

 

[KearsargeCoop]

Not a great time to be buying a house. Prices are still sky high and interest rates on the rise makes renting until things settle out a much better option. We are seeing an increase in HUD sales hitting the market with the expiration of 2 and 5 year ARM's. The next 3 to 5 years should shake out a lot more of the ARMs and balloons. Save your money and be ready when the housing market pulls back. I don't see another 2007-2008, but there will be buying opportunities at reduced prices.

You will own nothing and be happy.

 

[thecamel]

I wouldn't walk into a wells Fargo and ask for change for a dollar.

 

[sailfish]

....and what you REALLY don't want to do is run around telling everybody, especially management, that you bought a new house or a new car or a new airplane.

The less management knows about you, the better.

Secretly helping.

Unless you paid in cash and wanna flex in front of the dickwad C.M. after you come back from a suspension.

 

[eats packages]

Unless you paid in cash and wanna flex in front of the dickwad C.M. after you come back from a suspension.

Can't wait to show them my short term gains/losses while algorithm day trading on suspension.

 

[eats packages]

Buy yesterday or wait for a significant windfall of completed construction. Most deals will likely be found in multifamily units. It makes sense if you think of it from a loan debt angle. There are no group loan programs for these units and lenders hate condo conversions.

 

[DriveInDriveOut]

Not a great time to be buying a house. Prices are still sky high and interest rates on the rise makes renting until things settle out a much better option.

People have been saying this for years.

 

[olroadbeech]

I was able to take out a loan from the 401k for a down payment. Best part is you pay yourself when paying back the loan over 5 years.

 

[KearsargeCoop]

Any kind of dip in housing prices will see large groups (Blackrock) swoop in and buy up all available single family dwellings.
Mostly urban areas I'd presume.

 

[allahuakbar]

I was able to take out a loan from the 401k for a down payment. Best part is you pay yourself when paying back the loan over 5 years.

This is literally the worst advice ever. Never dip into your 401k.

 

[burrheadd]

This is literally the worst advice ever. Never dip into your 401k.

Consider the source
It can’t decide if it’s a man or woman
Sign of the times a suppose

 

[DriveInDriveOut]

I was able to take out a loan from the 401k for a down payment. Best part is you pay yourself when paying back the loan over 5 years.

What a stupid thing to do.

 

[What'dyabringmetoday???]

I was able to take out a loan from the 401k for a down payment. Best part is you pay yourself when paying back the loan over 5 years.

Shows your intelligence...

 

[allahuakbar]

imagine being so dumb you think not paying into your 401k for 5 years is a great move.

 

[Jkloc420]

@IVE GOTTA PACKAGE 4U and Dave just sold their condo so he would definitely know