 Is this reasonable? I have a counter offer on a property, I want to purchase.? |
| The listed price is $249,900, and the MRIS remarks section describes the sellers as motivated. My offer was: Purchase for $245,000 with $8500 closing cost assistance. The owner's counter offer ... |
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 I have a mold issue and the landlord is putting us up in a hotel until fixed, Do we still have to pay rent?? |
| Ok, so we have had water leaks that the landlord failed to fix until weeks had passed and damage was done. Once taken care of (in feb 07) they never addressed the water damage, just the cause. Months ... |
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 How kids can help out with moving? |
| My family and i are planning on moving to a smaller home soon (As in August or September). I was just wondering what us kids, my sister and i (17 and 13) could do to help? Perhaps rais a little money ... |
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 What rate of interest i will be charged for a home loan of rs.1500000? |
| i have salary of Rs.10,500/- can i get home loan of Rs.15,00,000/- on it. with what rate of interested and with emi and months it will take to recover it.... |
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 Our house agent says just don't mention it- Is he right? |
| Our cellar has always been full of water. We are retiring to the seaside now. I'm thinking of calling the cellar a drought-proof water storage facility or should I install a diving board and ... |
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 Landlord Unlawful Entry? |
| I've been noticing that my landlord enters my apartment when I'm not there and I was wondering what can be done about it. Even though she denies it, I notice that my things are placed where ... |
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 Can I Sue My Landlord for Harassment? |
I live in GA and my landlord's spouse has threatened me physically and I can't afford to live no where else. I rent a house. Can I sue them for the house?
Additional Details
My ... |
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 I recently got divorced. my ex husband will not refiance? |
| i am not living at that house. my name is still on the mortgage. is there a way to get my name off?... |
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 Is it possible for a landlord to raise our rent? |
| I just recently recieved a notice on my door saying that our water is going to be shut off. I am renting this place by the way. I fear that our rent is too low for my landlord to pay the water bill. I... |
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 What happens if the people you buy a house from arent moved out on the possesion date? |
| We bought a house in a small town 6 months ago. Our possession date is tomorrow. It doesn't look like the people we bought from are making much of an effort to move out. They have built a house ... |
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 Would you trust an 18 year old real estate agent?? |
if not why?
my friend wants to be a real estate agent when he turns 18 and after two years he wants to be a broker. so he'll eventualy be a 21 year old broker.
would you ... |
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 What would you do? |
| Long story short. We are trying to buy a home that we have decided we don't want anymore. Although we can afford this home we have decided that we didn't want to take on that much debt. R... |
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 19yrs old, in college, is there any way I can buy a house? |
| If I work full time, do you think i could possibly get a loan to buy a forclosed house or something?? is there a way I could buy it with a friend?? T... |
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Checkin' Things Out | How do "normal" people with "normal" paying jobs ex: teachers, police, afford to buy a home in CA or the like? |
I am single and a teacher in TX and I am stunned by the possiblity of how people can afford to buy a $300,000 to $600, 000+ home in CA, OR, AZ, or really anywhere, where the "below-average" home price is at least $300,000 to get even a small home. How do you do it? Do you rent with a million roomates forever? Do you live with relatives for 10 years or so and then buy a house.....or what. I'm just curious because I can hardly afford my house on my teacher's salary and my house was UNDER $100,000. And I know that the pay in other states is almost the same as mine. |
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Rosso-Scary
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Teachers have Cal PERS accounts they can draw on - their pension fund. Those accounts lend them up to 100%. Cops often earn over 100k.
A husband and wife - cop husband, teacher wife - are likely to be making 150-160k. That with a down payment of 10% and good credit makes it easy.
For the average teacher making 45-55k and single it's tough. Don't worry though, housing is overpriced and likely to drop at least another 20% in Southern CA. 40% in Riverside/San Bernadino, 40% minimum in the Central Valley, and 10% in the Bay Area.
In two years you will be in a good position to buy a median priced home for 300k in San Diego.
edit: BTW Texas homes become unaffordable due to their ridiculous 3% property tax. A 200k home has a tax payment of $500 a month - which goes up as the house does. A $500k CA home has a $400 tax payment monthly - which can ONLY go up 2% per year. |
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The Lemur
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Yah I used to work for Pier1 and I was on the phone with a retail store clerk who lived in a 800K$ house out there and I asked her that. She said her husband works too and when they bought the house it was only 300K$, so it was expensive for them, but the mortgage was far less than house retail value. And yah Texas home prices are much better! |
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bart4play
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Buy a home commensurate with your income...Let it appreciate and then buy a bigger one...ect. ect.
Do the math PRIOR to buying.....To see if you can afford it. |
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Rainman
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Usually, it takes two "normal" incomes and you buy a house that is relatively far away from where the jobs are. Then you have a long (1+ hour each way) commute to work. But at least you are gaining equity. If you buy a house in the right area, it may gain enough equity for you to buy a house closer to where you work
I bought my house 9 years ago for $190,000 with a family income of $70,000 (VA loan, so no down payment). Houses in my neighborhood are now selling for $500,000+. Within 50 miles of where I live there are new or nearly new houses for sale around $150,000. And I work with people that commute from those areas.
Property taxes are much lower in CA than other states and I'm guessing that teachers and police officers make more than in TX (Teachers start around$45k in our school district and police officers start around $60k). As they gain experience, their salaries go up.
The prices are high here because everyone wants to live here. Prices are lower in other areas of the country because it is a less desirable area to live in for a variety of reasons (jobs, weather, entertainment, etc). You'll find that other places that are popular to live are just as expensive (New York City, Washington DC, Chicago, even the "decent" neighborhoods in Dallas). |
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cheterism
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You could always work in CA, they probably get paid more and due to the higher cost of living they can have higher costs of homes. |
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Emily May 11/10/08 :)
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I live in AZ, my step dad bought their house for about 230,000 brand new never been lived in 4 bedroom 3 1/2 baths. Its really about credit, if you have great credit you can buy almost anything you want. The morgage payments are about 1200 a month.. not bad. He only makes about 60,000 a year, and my mom is a house wife. |
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trinity j
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I'm never buying a home, does it make sense that people sign loans for 30 to 60 years. the home is never yours, it's the banks. get behind on a few payments and see what happens. You'll be out on the streets looking crazy! I rent, I like it because It's only a year and my landlord fixes everything that breaks. If you're well off you should buy a home, if your poor or struggling to stay afloat, the last thing you need on your credit report is a foreclosure. Both my parents own homes, but they are well off, I'm not! I work for the court systen and barely bring home $31,000 after taxes. My rent is $650.00 a month. no, I don't live in a poor area, I live in a working class area in GA. I don't have a car note, I
purchased my vechile in hard earned cash. People want a dream that they can not afford, that's America for you! |
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Double A
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Normally people have a spouse or roommate type thing that pays for half, or they have seniority in their job and get promotions and raises because they are good at what they do. I know it's hard because I'm sure you work your a** off and don't have what would make you happy, just stay positive and if you believe it in your heart, and work hard for it and save up your money the way you want to, it will all fall into place. |
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NorCalGal
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There are many programs for "normal people" to assist in home ownership in California. Some have assistance with down payments, some have second loans that are not paid on until the property is either refinanced or sold. Counties and Cities have assistance programs, and Below Market Rate homes are required to be included in all new developments being built in the State.
If you check salaries, they are almost always much higher in California, especially Northern California, than in other states. This is due to the high cost of housing, but the other costs to live in California are generally much less. Our weather is mild in most of the state, and air conditioning isn't needed in many places. People live outside at least 9 months a year, sometimes for 12 months, depending on where they live.
Things are a trade-off. Most people like the environment of California versus other states and except for housing in some parts of the State, prefer living in California. |
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manx l
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I had a friend who graduated from graduate school and got his first tenure track job at UC Riverside. He moved there with his family and could not afford a home even in a dump like Riverside. He worked there for about 7 years and just recently moved back to Texas and bought a home within six months. I don't understand how people can afford it and it sounds like the bubble has burst in CA for good.
Here in TX where things never got too inflated they have not busted in the same way althought there is still a lot of foreclosures. |
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LB The Definition of Lovley
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They probably has more money to start off with or their parents helped them out allot.
Need more money? Get a side huslte going.
Make some smart investments, get a p/t job.... |
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k
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hello!!!!haven't you heard of all the foreclosures going on. no one in cali can really afford a home its ridiculous and sad. mostly cause im a californian. |
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