 What does undergoing processing mean? |
| i have sent an application for a house and there reply was my ... |
|
 Help me please? |
| hi my partner has broke up with me the other day so i have got to move out with my son i went to the council to explain my situation and thay have told me to look for a private rented house and then ... |
|
 Does apartment rent go down during a recession? |
| I am looking to move into an apartment and was wondering will the prices of rent go down when the economy is doing bad and the economy is in a recession or do the prices stay fixed or even go up.... |
|
 I want to buy a house in early August. How early is too early to apply for a loan? |
| Interest rates are going up, but I'm not sure if I could apply for a loan now and hold it for 3.5 monts while I look at property.... |
|
 Our fridge borke and spoiled our food - should the landlord pay to replace our food.? |
| I am not sure if there is a law for this, but our fridge which was repaired already broke and spoiled over $200 of groceries. Is it fair that we should buy new ones, or should our landlord.... |
|
 Renting a room to my sister and bf? |
| OK, right now Im renting a house for $1800. I currently have 3 other roommates, my cousin, my sister and her bf. The rent is split 3 ways, so my sister and her bf pay $550 and so does my cousin, I ... |
|
 How long will a landlord 'hold' a property for you? |
| I have seen a place I want to rent and its available now, but I don't want to move in until 4 weeks. If I say I want it now, willhe hold it for 4 weeks or give it someone else? I doubt this ... |
|
 Is there such a thing as transferring your mortgage from one company to another? |
| The mortgage company i'm dealing with now is totally belligerent, unfriendly and unhelpful. They literally will not answer questions - they just tell me I need to re-read my loan agreement. I ... |
|
 How do i go about getting an apartment if my credit is bad? |
| i have been evicted from an apartment but i can afford to rent an ... |
|
 House market crash victim? |
A co-worker has asked me:
She bought her house a year ago, under an 80/20 loan. First at 7.5% fixed, second at 11% arm (or so she thinks).
She is struggling to make the monthly payment, and ... |
|
 Question about buying a home? |
| My husband and I have signed a contract with a realtor for a home that we want to purchase. Tonight we meet with the mortgage company to turn in all of our personal and financial info. We were pre-... |
|
 Would it be really silly to offer $210,000 for a house that is trying to sell for $310,000? |
| This house has been on the market now for over 7 months. The price has been reduced. The seller doesn't want the house to get repo'd.... |
|
 Why does credit affect getting an apartment? |
| Not only does credit make it hard to own your own home or car, now you can't even get an apartment. My fiance and I have shaky credit. His due to a divorce (ex-wife) and mine due to stupidity ... |
|
 Flood damaged homes - should i buy one? |
| tropical storm allison flooded houston - i'm looking to purchase a home that was flooded, and immediately remediated. should i be worried? maybe i shouldjust look for another house?... |
|
 House sold under misrepresentation? |
| 10/3/07: My husband and I bought a golf course-view house in Indianapolis, Indiana. We closed 5 days ago; moved-in 4 days ago; and 2 days ago found out that the golf course is scheduled to close. It ... |
|
 In what order do you do things when moving house? |
I don't know yet if I want to move because I don't know if there is anything I want to buy. If there isn't, I will stay put.
DO I:
1. Put my house on the market A... |
|
|  |
Tina T | Can a person making 50k gross buy a house in new york city and how ? |
If a person -civil service. makes 50k gross a year can they stand a chance of buying a house in New York City and how would they do this ? |
 |
 
Scot B
|
its doubtful you will have to live in Albany and commute from there |
|
chatsplas
|
Doubtful. Studio apartment, maybe.
Way to do it is to buy with some one else, pool your resources. |
|
shorti
 |
not right away.. if you save up a good chunk of it for a few years and put down a good down payment then yes. The more you put down initialy the less you have to pay per month. Houses can go for anywhere between 300K to a few million. so it depends on what kind of house your talking about. USUALLY you have to put down 30% of the total cost of the house.. so i would try to put down as much as possible because the less you have to pay monthly leaves you more money for other things like food, bills, social life, etc.
hope this helped. |
|
Kojak
|
You're joking , right ? You will be lucky to find an apartment in Brooklyn . |
|
Karla W
|
50k- in New York-Idon't think so. |
|
Real Estate Guy
 |
in the city. NO.
with a 50k income, you should be looking at houses in the 140,000 range |
|
TAT
 |
Housing market is way to expensive in NYC. There are many places throughout the country that you could but NYC is not one of them |
|
kaylee2707
|
Sorry, I'm not trying to be mean. But I don't think you could get much in NYC on that salary. Unfortunately, NYC real estate is unaffordable to the average person. You would need at least the income of another person. But I would try to figure out the total price you can afford. Use this calculator:
http://cgi.money.cnn.com/tools/houseafford/houseafford.html
Before you even look at places, I would go to the bank and see if and how much you can get preapproved for, so you know what you're dealing with.
http://www.lendingtree.com/real-estate/advice/guide-to-buying-a-home/mortgage-pre-approval/
I would say you should see whats out there under $200k
http://www.realtor.com/realestateandhomes-search/New-York-City_NY/price-na-200000/type-single-family-home/type-condo-townhouse-co-op/type-multi-family-home/type-mfd-mobile-home?ml=2 |
|
John P
|
Absolutely not, unless you have maybe 25% to put down towards the purchase price. Probably more. |
|
BoomChikkaBoom
|
Assuming they are and have been a NYC resident, they would be able to enter the HPD housing lotteries and qualify to purchase a low or moderate income unit in certain developments as long as they have good credit, sufficient assets and their income is withing the minimum/maximum guidelines.
Different buildings have different requirements. You can see all current offerings on the HPD website.
http://www.nyc.gov/html/hpd/html/buyers/buyers.shtml
HPD also offers downpayment assistance.
If your friend has a couple of hundred thousand dollars saved, they could easily qualify for a small mortgage and get a one or two bedroom for about half the market rate in a sponsored building. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 39 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 6 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
10 | 2 month(s) ago
| | | |
10 | 5 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
