It's official, homes are like ammo

[5030]

I could use some small rifle primers, How much for a case or two?

Good luck with that. I have numerous bricks of them (1000 quantities) but they aren't for sale. Not like they go bad.

Just loaded another 1000 .223 rounds with 55 grain Hornady Spire Point Boat tails in Federal Brass. with CCI SR primers. Keeping my Federals just in case....

You can still get Hornady 55 grain .223 pills from Arm and Ally on their website in 500-5000 quantity, if you have the brass to load them, I do. Got a boatload of H335 and H322 as well.

 

[MoKelly]

Dumb question on buying a home...

Always brought up that any price you pay for a home, you put 20% down.

Honestly, my wife felt the same way when we went looking for a home (we are so different, her being smart and a good Christian and me being not so much of either) but we think a lot alike which I find amazing.

We did put 20% down when we bought the house and land, and the good news is my wife told me that when the kids move out, I can finally buy my dream car because that's money I saved before I met her and we bought this place LMAO.

On a sell price on a home, don't banks require a % down first to ensure you have money? I just assumed so because that's kind of common sense (don't see a bank loaning money to a combined gross income of 50k for a 500k home).

Right now, our mortage with house and land is running about 20% of our combined gross income. Don't banks look at your income and what percentage of that income will have to go to your monthly payment? Perhaps I'm naive, but why would a bank loan 200k on a home if they knew people buying it couldn't afford to make the mortage payments?

OR is the interest that banks don't tell you about that make the American dream come true?

This is where I'm kind of dumb and a "fly by the seats of your pants" kind of guy.

So:

- yes - banks will require home buyers to make a down payment. It doesn’t necessarily have to be 20%. However, if you pay less than 20% most banks will require you buy mortgage insurance that protects the bank if you default and the value of the home falls such that you are underwater (mortgage exceeds home value).

-yes - banks look at what % of your income will be needed to service the mortgage before approving the loan. The lower the % the more likely the mortgage will be approved.

- banks will not loan money to buy a house if they believe you can’t make the payments.

- I do not believe you are dumb. I think you understand the concepts perfectly fine.

- where things go astray is reading all the speculative stuff and strange financing deals. However, lots of that went away after the great recession and the regulations put in place on those banks that were “too large too fail”.

MoKelly

 

[Sigarms]

When the ***** hits the fan, exactly how may guns and rounds can you carry along with the loading equipment and reloading supplies?

I use to load before we had kids, and I get it for cost savings, but after 30 or 40k rounds sitting in your home, exactly how are you going to move everthing?

Heck, if I had to move on the go, I'd be leaving a buttload of guns and ammo behind because even 5-6 people can't handle moving that kind of bulk.

The way I see it, after you have about 20 or 30k of rounds sitting around the home, after that may look good numbers wise, but you ain't moving.

 

[Sigarms]

I do not believe you are dumb. I think you understand the concepts perfectly fine.

I'm kind of a jack of all trades (except don't expect me to build something with a saw and hammer because God only knows what I'll build and it will be wrong at the end of the day) and a master of nothing.

But a sincere thanks for the kind words.

I'm lucky, my dad put in 24 years or so in the military, never made an officer, but he basically told me don't spend more than I make.

My one son is a lot like him. Funny when a 16 year old tells you he's proud that he's a cheap bastard like his dad and gramps LOL (although when I was in my 20's and 30's being single, spending money on my end was never an issue LOL)

 

[5030]

When the ***** hits the fan, exactly how may guns and rounds can you carry along with the loading equipment and reloading supplies?

I use to load before we had kids, and I get it for cost savings, but after 30 or 40k rounds sitting in your home, exactly how are you going to move everthing?

Heck, if I had to move on the go, I'd be leaving a buttload of guns and ammo behind because even 5-6 people can't handle moving that kind of bulk.

The way I see it, after you have about 20 or 30k of rounds sitting around the home, after that may look good numbers wise, but you ain't moving.

I wasn't planning on moving anytime soon. Farm is paid for and I live in the middle of nowhere's ville and I'm good with that.

Besides, in today's very volatile ammo market, it's all very marketable. Just sold an 8 pound jug of Varget (unopened) for 400 bucks cash. Paid 135 for it. Sold 1000 .223's for 95 cents each as well and the buyer was elated. There aren't any to be had.

Bet I have close to 30 grand in components if I wanted to sell it. Mostly, I don't. Just depends on my mood.

 

[Jstpssng]

When the ***** hits the fan, exactly how may guns and rounds can you carry along with the loading equipment and reloading supplies?

I use to load before we had kids, and I get it for cost savings, but after 30 or 40k rounds sitting in your home, exactly how are you going to move everthing?

Heck, if I had to move on the go, I'd be leaving a buttload of guns and ammo behind because even 5-6 people can't handle moving that kind of bulk.

The way I see it, after you have about 20 or 30k of rounds sitting around the home, after that may look good numbers wise, but you ain't moving.

I just want a lifetime supply for my normal use. After the last .22 shortage I said I would never let my supply get below 1000 rounds. Now I want 10 times that many.
Last year at this time I generally burned two 10 round mags through my MarkII every weeknight, and celebrated weekends sending lead through my .357. Suddenly I couldn't replenish and my supply got low; I haven't fired a gun in 6 months and am going through withdrawal. I find stocking up for "SHTF" to be quite laughable, unless perhaps you're one of the militia type who lives on a complex with a group of like minded people who actively train for Armegdon. If it ever gets to that point I don't think that I want to be here.

 

[japody]

Dumb question on buying a home...

Always brought up that any price you pay for a home, you put 20% down.

Honestly, my wife felt the same way when we went looking for a home (we are so different, her being smart and a good Christian and me being not so much of either) but we think a lot alike which I find amazing.

We did put 20% down when we bought the house and land, and the good news is my wife told me that when the kids move out, I can finally buy my dream car because that's money I saved before I met her and we bought this place LMAO.

On a sell price on a home, don't banks require a % down first to ensure you have money? I just assumed so because that's kind of common sense (don't see a bank loaning money to a combined gross income of 50k for a 500k home).

Right now, our mortage with house and land is running about 20% of our combined gross income. Don't banks look at your income and what percentage of that income will have to go to your monthly payment? Perhaps I'm naive, but why would a bank loan 200k on a home if they knew people buying it couldn't afford to make the mortage payments?

OR is the interest that banks don't tell you about that make the American dream come true?

This is where I'm kind of dumb and a "fly by the seats of your pants" kind of guy.

In response to your question about the percentage of income, the 2 numbers are 28 and 36. They usually allow up to 28% of your monthly gross income for your PITI (principle, interest, taxes and insurance). They allow up to 36% of your monthly gross income for our PITI plus any long term debts such as car and installment loans. So, if your income is $1000, they will allow up to $280 for your PITI and up to $360 for your PITI plus long term debt. Some lenders might be a little more lax with their percentages, but these are a good to use to get an idea.

 

[Larry Caldwell]

When the ***** hits the fan, exactly how may guns and rounds can you carry along with the loading equipment and reloading supplies?

I use to load before we had kids, and I get it for cost savings, but after 30 or 40k rounds sitting in your home, exactly how are you going to move everthing?

Heck, if I had to move on the go, I'd be leaving a buttload of guns and ammo behind because even 5-6 people can't handle moving that kind of bulk.

The way I see it, after you have about 20 or 30k of rounds sitting around the home, after that may look good numbers wise, but you ain't moving.

Why would you go anywhere? You stock up so you can shoot any time you want. I have an (almost) new Henry Big Boy in .357. Fortunately, I sprung for a bunch of surplus ammo cases full of FMJ SWC in .357, so I have plenty of plinking ammo. I also checked my shotgun target loads, and still have about 4 cases of 12 gauge. That should let me shoot trap all summer long.

The only reason I would bug out is that I live in a wildfire area. I was out all day today with a chainsaw clearing out a defensible space around the house. I did that a while back, but trees and bushes grow. After I get the yard in shape, I'll hook up the disc and work up some fire lines around the property. We're already in a drought, and it quit raining last month. 75 miles south of me, idiots burning brush piles have already sparked three small 10 acre fires. It could be another really ugly fire season.

No matter what you do, if the wind blows, nothing stands in front of a wildfire. All you can do is run, and hope the buildings are still standing when you get back. If not, that's what homeowner insurance is for.

 

[Sigarms]

In hindsight, I mispoke. The reality is you can need a buttload of ammo just to practice regularly.

I'm at the point where a couple of thousand of rounds should give me at least a years worth plinking.

Thinking about it, I do need to get my shoulder surgery done sooner than later, the one thing I loved to on my own property was bow hunting, which I can't do now.

You realize when you get into archery that a gun sure can spoil you per the distance of the shot and quantity of ammo you need to practice.

 

[Sigarms]

No matter what you do, if the wind blows, nothing stands in front of a wildfire. All you can do is run, and hope the buildings are still standing when you get back. If not, that's what homeowner insurance is for.

I'll take the occasional hurricane in NC and some of the high winds we can get in our local area (dealing with down trees can be an annual occurance) over having to go through one wildfire.

Floods

Tornados

Hurricanes

Wild fires

Droughts

Earthquakes

Ungodly amounts of snow with a mud and fly season.

Pick your posion, because sooner or later you're going to get it. I'll take the occasional hurricane over the inevitable snow, mud and fly season