 My landlord keeps harrassing us, What do we do as tenants? |
| He is an old friend of my husband's father.. They grew up together, so when we moved here from another area he offered his apt. without a lease. For 1 yr now, he keeps calling us at all times of ... |
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 Filed ch13, now facing foreclosure-what do i do? |
| we filed for ch 13 last year coz we were behind on our mortgage, we were unable to keep up with ch 13 payments and mortgage, coz we lost our jobs. what do we do? we have equity in the home, enough to ... |
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 What is the best excuse to get out of an apartment lease? |
| My fiance, 2 months ago, decided to get an apartment with a lease of 6months before i decided to move down to live with him in Texas. Our landlady is a witch! She is scamming us of our money, is ... |
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 What do you pay for an apartment rental or mortgage where you live? |
I've mostly been in the "weddings" category because I'm getting married this Summer. YAY!
A lot of people ask questions about how much you're paying for certain ... |
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 Would u buy ur kid a condo if she is in college and u could afford it? |
| we think paying rent is wasting money. instead want to buy her a small condo. she can live there with at least one other friend who will pay rent. the mortgage will be offset by the renter. we can ... |
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 I found the house I want to buy. Do I need an agent? |
| I want to know if I lose any negotiating leverage by allowing the seller's agent to act as a dual agent. Will I get a better price if I cut out the real estate agent on my side?... |
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 Can a 21 year old with 30,000 dollars and good credit get a rent to own home? |
Or will they get turned down because of their age and waiting tables?
Additional Details
I had a lot of people tell me that I probably couldn't do it because of my age and job.... |
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 Does the propane left in the tank belong to us or the sellers? |
| We just bought our first home and the sellers have now (almost 2 weeks since closing) told us that they are getting a refund for the propane left in the tank and that we will have to pay the gas ... |
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 I need a realtor's advice? |
| My husband and I just bought a house for $129K. We orginally told the realtor we were going to finance 50% of it. Now, we are going to go ahead and pay all of it in cash. The realtor said we need a ... |
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 If a condo is selling (listed on MLS) for 190,000? |
can anyone out there tell me what are my realtors chances of negotiating the price down to 180,000 my loan amount. I am not finding anything I like in my price range and dont have much time.
... |
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 My friend has 2 mortgages on her house? What does that mean? |
She has two mortgages on this over $300,000 house.
What does that mean?... |
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 Do I have right to refuse agents/landlord to show the property when I am still Occupated? |
| I have one month to go before vacating the current property. The estate agent/ landlord keeps sending people to see the property day by day. Never want to be annoying, I understand it is reasonable, ... |
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 Somebody Please Help Me!? |
| Are you guys ready for this one? I purchased a house about 5 months ago in california. The seller's son lived in the property and when I purchased the home the the seller's son had ... |
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 Can I sell house in negative equity? |
| I want to sell my uk house but it's value is less than all the secured loans on it. My internet research suggests to my horror that my lenders can stop the sale from going ahead. Is this true?... |
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 Is a nice big house like Kevin's family has in Home Alone typical in the US? |
| I work as a software engineer here in the UK, if I were to move to the US, would I ever be able to afford a house like that (or like the one Robert De Niro has in 'Meet the Parents') just ... |
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 Can I live on my own, in an apartment, at $35K / year? |
| I currently live with my grandmother, with intentions to move into an efficiency within the next year. At $35k a year, in southern NJ, is this possible?... |
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AvaG | Can I afford this Apartment? |
Its really nice its 2 bed room for $1600. I make about $3000 a month as a nurse. Cell phone is $100. car payment is $260 insurance is $145. Tv and internet is $135. The website says the apartment is $1600 but does that include heat and utilites and all of that? My sister says im getting in over my head and that $1600 is too much. What do you think?
Additional Details
Thanks everyone I understand now. My sister just called me an idiot and walked away. She didn't explain any further. I just needed someone to help me with this. I am not good with financial planning. Thanks for your help. |
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27ysq
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it depends on how much you spend outside of those expenses. Your personal expenditures cannot be more that a few hundred a month. good luck. |
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Margo A
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I agree with your sister. You would be paying over 50% of your pay in rent. Is the $3000 net or gross. How much are you accustomed to spending for dining out, recreational, clothing, personal, etc. each month? Will you still have that discretionary money?
Rule of thumb is 30 - 35% of net pay for rent or mortgage payment. Paying more is what tends to lead people into financial trouble. |
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DRocK
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To be honest with you, I think your sister is probably right. If you don't have any family and it's just you then you MIGHT be ok... But a good, general rule of thumb is to keep your rent / home payment at around one-third of your net income. And $1600 is over half. So right there, you are WAY pushing it.
You would have next to nothing left over to save and thats not a position you want to be in. I would keep shopping... |
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Jessica
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Ur sister is right. Your total debt including rent is $2240. ( you should check with the apartment manager on utilities) and ur net is $3000. You are left with $760 to use within a month which can be for food, unexpected expenses and even going out with ur partner. The goal is to get an apartment which allow you to do everything that you do now without compromising and on top of it, to save your money as well (for rainy day).I suggest not getting this place. It's not worth it at the end of the day. |
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estielmo
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Even if the 3000 is net I would not do it.
You forgot food, clothes, gasoline, utilities, cigarettes/beer, savings.... |
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☼AstrologerJuliAnne☼
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In the words of Suze Orman:
You have been DENIED girlfriend!
You cannot afford this apartment! |
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Lu
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hmmm... if possible look for a cheaper 1, cos after adding your rental and expenses, it came up to $2240.00, and you're still not sure if electric and utilities are inclusive in the $1600. girl, you left only $760 per month, and after deducting your daily meals $360 +/- (base on $12/day), you left $400 to spend on your toiletries, clothing, cosmetic, skin care, transportation and also dental bills, repair bills (e.g. plumbing) and etc. girl, you WON'T HAVE ANY MONEY LEFT TO SAVE FOR RAINY DAYS........ so listen to your sister, get a cheaper room, you're staying alone, what's the 2nd room for? unless you're getting a friend to share with you then go ahead. :> |
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compaccess1
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i would recommend you stay home with your parents. There are nothing better than free rent, free food and free laundry. If you're so insist to take the apartment, you will enjoy privacy, freedom but deeply in debts. The choice is your but I would also suggest that you get a roommate to share the expense.
last, keep in mind that you're a nurse and NOT a doctor.
good luck.
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oliver k
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if you go by the book, most will tell you that you should keep your housing expenses around 30% of your income. Since youre proposed rent is more than half of your take home pay, then you might want to reconsider this apartment.
On the other hand, if you can calculate all of your expenses (including rent), and still have extra money for entertainment and savings w/o living on ramen, then you should be good to go, despite having your housing making up more than 50% of your budget.
If it looks good on paper, then you should have a chance at making it okay.
Good luck,
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