 Do you think 9.25 % interest rate is ok for a first time home buyer? |
I have to say that my credit score is acceptable (635) but my husband doesn't have any SS number and of course no credit.
So, I think that's the reason this interest rate is kind of ... |
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 My house is worth about £130000 Tesco want to buy it to knock it down how much should I sell for? |
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Thank you for all your good advise and interest.
There is an existing tesco store behind my home and they want to build a tesco extra and need the three houses ... |
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 Is it better to have a nice down payment or a better credit score when purchasing a home? |
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I want to purchase a home for 90K-100K and my score is in the high 500... |
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 Does a Landlord have the right to enter premises to inspect with tenants still in occupation? |
| Grand-daughter lives in a flat and landlord regularly comes to inspect and make personal remarks about untidyness. She and her boyfriend are good tenants and have been there for 3 years. Does the L... |
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 Would you ever get a roommate? |
| I am moving out of my parents house for the first time and I was looking at some places and to get a good house or a decent one its expensive but I went to craigslist and I found some really good ... |
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 My neighbor bought a Hyundai. If he parks it on the street, will it bring down property values? |
| I live on Balboa Island in Newport Beach and it is a very wealthy area. My neighbor bought a Hyundai, a faux luxury model called an Azera. If he parks it on the street, will it bring down my property ... |
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 Why do councill properties all stink of piss? |
| Im looking for a flat in london, and my budget means most of what is available is ex-council. iv been to see quite a few, about 20, and the communal areas (entrance and stairwell) all stink of piss. ... |
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 Can My landlord evict me if he made |
| on July 25th I called my landlord and asked him if it would be okay to pay more then half of the rent on the 8th and the remaining balance on the 15th he said yes verbally. to my husband but in a ... |
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 What type of home can you buy in your area for $100,000? |
| i mean like where i live a 100,000 house would be considered very nice;3-4bedrooms, 2 baths, nice yard...... |
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 I want to buy a house but I have bad credit.? |
| I am a 25 year old female and I want to get out of my parents home, I dont want to waste money on rent but I have bad credit, how can I go about buying a house with Bad credit.... |
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| Can we back out of a house purchase? |
| We are Canadian. living in Ontario. We have signed a contract to buy a house and have put $2,000 down as a deposit. My husband and I are now thinking of separating and if we do, we do not wish to ... |
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 How much rent to charge my girlfriend? |
| i have a two bedroom flat. my girlfriend is moving in soon. i was wondering what is a fair amount to ask her for rent. my gas and electricity is £40 a month, TV, phone and broadband package about £3... |
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 "Please help" I moved into this apartment on the first of last month. The top floor above me keeps banging. |
| I cant get any sleep whatsoever I spoke with the management company and they refuse to return my security deposit which equals one months rent. They never gave me a lease also, so im not under any ... |
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 How much house does $158,000 buy in your city? |
| I have a 2300 sq craftmen style house built in 1997. It is on a 1/2 acre lot with many trees and a creek. It is 3 stories with maple hardwood floors and a lot of arcitural flare. We are in a great ... |
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| Can my landlord evict me for no reason? |
| I always pay my rent on time and have not damaged the property. I've lived at this house for 2 1/2 years. The landlord and I have had a few disagreements about small issues, such as how I ... |
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 My husband and I are having trouble with......? |
| My husband and I are looking to buy our first house or rent a house with the option to buy. The problem is, his credit score isn't that high so we are having trouble getting a loan. Some of the ... |
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 What is rent to own all about?? |
| can someone tell me what renting to own is like and what it is alll ... |
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 No cats allowed even though another tenant has a dog? |
| I am renting from a landlord that states (it is in my lease, but he did not mention the "no pets" rule until right before we signed the lease!) that I may not have pets in my apartment. H... |
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LVgirl | Am I weird for not wanting to own a house? |
I am a Single FT college student who works 2 jobs. I have worked as an Educator for 13 years. I will be getting my MS in ED soon. I do not want to get sucked into this home buying frenzy. I do not want to plan roots anywhere permanently. I am very busy and not home much. It seems so many single professionals are buying homes mostly for status purposes and a tax write off. My sister says most people think that way. People want to show the world they have made it and are a success. If I rent, I will give the impression of being low income poor white trash. Is that true? Honestly, I would not mind renting the rest of my life. Am I weird?
Additional Details
Probably an apartment. |
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dcgirl
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No, you're not weird and renting does not give the impression of being low income poor white trash. Owning a home is not a good fit for you right now--- you don't have enough income to really reap the benefits of the tax deduction, and if you might be moving in the near future you would probably lose money in the long run-- closing costs, realtor commissions and all. Enjoy renting and when the time is right for you to buy, go ahead and buy. PS anyone who thinks you're poor white trash if you rent is a stuck-up snob whose opinion doesn't really matter anyway... |
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~girlfriday~
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Renting is what suits you apparently. Stick to your guns and what is right for you as only you can be the judge of that. Good luck! |
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acermill
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No, you are not weird. If you do not need the amenities a full house offers, why pay for same ? The tax write off is over rated as a reason to purchase a home. Do remember that you get a sizeable write off WITHOUT owning a home (standard deduction). Consequently, any money spent in deductible interest is useless until you exceed the standard deduction, and then it only saves you the percentage of your specific tax bracket.
The interest deductibility is a nice perk for homeowners, but it's stupid to buy a home JUST to obtain such a deduction. |
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Mike M
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hey sweetie. I have owned homes and now rent. Unless you have extra cash and need deductions renting is the way to go. my wives took my extra cash and I live on a VA retirement.Do what feels right!! Trailor trash is just that. you can live in a trailor and not be trash!! |
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Jen H
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If you don't know where you want to end up in the future I would NOT buy a home. Its very hard to keep a house up and then if you decide you want to move in 3 years it would be very difficult to get your money back, and may have a hard time selling the house period. I think that there will be a time when it is right for you and you will know when that time is. Don't ever feel pressured by society or anyone else to do something that you don't want to. Its your life and you have to live it the best it is for you! |
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jballerina00
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You will only give off that impression if you choose to live where there are low income apartments. If the place you rent matches your income (which I would base on your education) then, you will probably be paying more in rent then most people do a month for a 200k-300k mortgage. There is absolutely nothing wrong with not wanting to own a home. There is a ton of responsibility involved, and if something goes wrong, you just can't call up the maintenance department and have someone fix it for free. Besides, you really shouldn't care what other people say about the type of housing you are choosing to live in. As long as they aren't paying for it... then it's nothing they should be concerned with. |
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Classy Granny
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Renting in no way makes you poor white trash. Some people just don't want to deal with the problems being a homeowner can have. Do what is right for you and don't worry about what others say or do. |
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Raj
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Maybe these words by Ralph Waldo Emerson can answer your question.
"My life is for itself not for spectator, what i must do is all that concerns me: not what other people think, What i think of myself is the crux of my existence. My thoughts are the flesh and blood of my performance. |
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Becki M
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A lot of professionals would rather rent so they don't have the upkeep if they are not home a lot. Repairs, lawn, snow removal, etc. No, you're not weird. |
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John
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First of all.. there are plenty of well cared for appartments. No one really looks down on that, but i can see how you feel that way. I have a couple friends that area always bragging about houseownership... But in my personal opinion I think that buying is a good idea. HOWEVER you do have to be ready for that type of commitment, and if you dont want to be planted yet thats just how you feel and go for it. Just think though how long will your career last, most mortages are 30 years or so... I know i dont want to be 60 and still paying on my house... Good luck with that. |
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Sherie D
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Nope your not weird at all, my husband and I have a 9 month old and have been together for almost three years and still rent. I want a house BAD but it just doesnt seem to be a big deal to him. We rented a house for a year and recently moved into a townhome, I think I may have him convinced to buy a house next year....we will see....but no you arent white trash for renting (and it doesnt "look" that way on the outside either) You just keep on keepin on and do what makes you happy!! |
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Ana C pisces1976
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No you are not weird ,owning a home is alot of work ,both inside and out. When you do want to buy a house that should be your decision not anyone elses. |
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Lady Rhianna
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Not Weird. Owning a home takes a lot of work like mowing the lawn, raking leaves, repairs, etc. If your are not at home much, I say rent, that way you don't have to do the repairs and yard work. |
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Stina Lady
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Whatever is good for you is good for you...Don't follow what other people do because you think it's expected. Having a house with all the stuff in your life would be too much! You aren't weird at all :) |
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Marysue
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Renting may be the best choice for you. If I were single, I’d appreciate not having to maintain my property. There’s definitely a convenience factor to being able to call maintenance when the toilet breaks.
Your judgments of people who do own homes are rather harsh though. My primary reason for owning a home is building equity. I have to pay for housing no matter what, so I might as well get some return on my money when I sell 5+ years down the road. I also like the freedom and privacy of having my own property. I can change it as much as I want within the bounds of local building codes. I actually have a yard, which is something no apartment could ever give me. I also don’t have to deal with loud and/or smelly people living above or below me.
Why do you care what people think about you based on your housing situation? If it’s the best choice for you, go with it, but please stop coming down on people who don’t have the same needs as you. |
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*Cara*
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Renting does not give that impression. Where the heck did you get that idea? Most single people can't afford to buy a house these days. So renting is the only way to go. There's nothing wrong with that. Buying and maintaining a house is a big responsibility. If its not for you, its not for you. Hey, its not for me either. |
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ANGEL
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I don't think you are weird, and I also don't think that just because you rent you give the impression of being "poor white trash". In my opinion, it doesn't even matter what other people think. If renting is what works best for you, then do it. It sounds like you are quite busy, so it would be the ideal situation. |
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jcontrols
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A lot of professional people rent. They're too busy with their careers to spend time maintaining a home! Owning a home IS a good investment but requires a great amount of time and money for upkeep. Best to you! ;-)= |
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gobble gobble
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No it is fine. My family has a lot of doctors and nurses in it, and all but one rent apartments because they are almost never home. So what's the point in having a nice big house if you never get to enjoy it? |
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♥kisses♥
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no you are not weird. Rent away. |
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Jason H
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It's not "weird" to not want to own a house. There are some negative connotations to renting in some cases, but that in some part depends on where you rent. Consider the financial impact of buying (and possible selling) a house in your area versus the cost to continue renting (or renting in a more upscale area). When you consider the cost of maintenance and the inconvenience of some home repairs, it might be best to continue renting. I for one am a happy renter and I am not likely to buy a house anytime soon. |
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Weimaraner Mom
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Most people own homes because they can get more for their money than if they rent. Basically a home is an investment, look at it as a forced savings account. When I sold my condo I owed $28,000 on the loan and sold for $150,000 talk about savings. I ended up with a lot of money to put down on my new townhome. I don't like to take care of the outside, i.e. landscaping etc so a townhome/condominium works for me and I'm single. I like the fact that I can do improvements to my home, paint, upgrade, decorate etc, also I have a large three bedroom three master bath townhome with two patios and a single car garage for 1/2 the amount I would pay for a 3/2 at most apartment complexes, I'm building equity and when I move I'll have a chunk of money in my pocket that I wouldnt' get if I kept moving from apartment to apartment. I also like that fact that I can't get evicted or not renewed, the Landlord doesn't enter my unit all the time, I don't have to wait to get things repaired. A home owners association does not change the rules all the time, they have a set of Condo Docs and unless they add to them by a vote of the majority of the homeowners the new rule does not get implemented, you have a say about what happens at the community, unlike an apartment complex, they decide that they don't want dogs at the complex and you own a dog, what do you do? Now you have to look to move and coming up with moving expenses, first, last and security and if you just signed a lease renewal now you're stuck. To me it's not a sign of how successful I am or "hey look at me", I guess I just like the freedom of being able to do what I like.
It's a choice, and if you like to rent and have nothing to show for all the money you've paid to the Landlord then that's your choice and if you're happy with it then that's all that matters. |
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Terry S
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Not weird at all.
BUT here's the rub.
As the U.S. dollar goes to it's intrinsic value, your rent is going to go ballistic.
If you own your own home, and get a fixed rate loan, you are paying the bank back with dollars that are worth less and less every year.
For peace of mind, I would rather own, knowing that as more and more people lose their homes rent for apartments will continue to go up and up.
Good luck
Terry S.
http://www.Welcome2Arizona.com |
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kinito
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You are not wierd.
There are alot of things to do with owinnig a house,
take care of the yard, keep it cleaned, keep the ac working,
etc etc.
Buy a condo. |
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K
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if you like throwing your money away.... |
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