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 I'm buying my 1st home,it's built in '53?
It has very minor upgrades done on it and I want to know what things should I be aware of ( specially during inspection) or be concerned about? It's in H...


 Signed lease states tenant responsible for first $100 of repairs caused by normal wear & tear. Is this legal?
Supposedly anything that comes up I am to pay for the First $100 of repairs, or anything under that amount. Is this legal despite the fact I've signed the lease? In a home where fixtures ect are ...


 Is it possible for real estate to go down, or flat forever?
strating right now. have it go down, or flat and never go up in value ever again?

real estate has cycles. i believe in 5-20 years from now, in the long term real estate WILL go up and the ...


 I'm shopping for a mortgage!! I want to use lending tree or one of the online comparison sites ...?
This is my 1st time buying a house. I want to make an informed decision, and obviously I want a great rate! How can I do this without affecting/lowering my FICO score because of all of the companies ...


 What do you think of this house?
Below is a link to a house ... its a home video. What do you think? Should I buy it? Its sitting on 4 Acres of commercial/residential property ... probably would appraise for 130,000 --- buying for 45...


 Should a FHA mortgage good faith estimate for closing cost be over 11,000 on a 243,000 house?
I finally found a great home and after the contract is signed my mortgage lady gives me a good faith estimate of 11309.07 She said FHA loans are typically higher.is this true.Should I be looking for ...


 What does "first and last " month rent mean? I moving next month- do I need to pay this month's rent?
...


 Can i sue my landlord?
Since i've lived in this house(over a year)there has always been a problem with the heating. I wanted to have British gas come out and send him the bill but he said no and got these gas people ...


 Removal of personal property from a rental property?
I had bought and installed a chainlink fence around the front yard of the house I'm renting. Now the owner has filed bankruptcy and the house has been sold. I want to take my fence with me ...


 How do you go about buying a house when you have been declared bankrupt?
...


 I was informed by my landlord that he's going to put the house I'm renting to short sale?
Is that means I have to move right away or I have one or two more months to stay....


 I'll be 18 august 24 2008?
i plan on moving out in November during thanksgiving holidays while i'm not in school. i plan on getting a 3 bedroom apartment it will be me, my boyfriend, my friend, and his little sis moving ...


 Major problems with house sale!!!!!!!! Please help.?
I have sold my house. Offered on the one I want.
The first time buyers came back to me and got me to reduce the price (after the survey) I didn;t want to but because I want the other house did ...


 I am buying a house. I signed the contract but the seller said contingent to sell until she buys new house.?
Is that normal?...


 How can i get a mortgage when i have debts?
...


 Can anyone help me ?
Hi i was thinking of renting a house but the thing is they are really expensive, How do people afford to live in a rented house these days and have money left for bills.
The thing is I dont ...


 Should I refinance my house? Presently I am on 30year fixed with 5.875%?
...


 I'm 18 years old and looking to move out of home, how much money will i need before i contemplate the big move
...


 I am a Realtor and have been feeling very fatigued and unmotivated as of lately, it seems like I am following?
a viscious cycle of closing 1-3 transactions and falling back on the reserves and only working hard when I begin to have a 3 moth supply of income, what is wrong with me and what can I do to always ...


 Which is better chicago or new jersey?
...



VirtueOfIntolerance
How in the freegin hell can people ask such insane prices for homes here?
Ok, I know these prices aren't nearly as bad as other places in the US, but this is not in a city, this is way out in a small town on an island (Whidbey) with not much as far as jobs.
I make 40K/year and decent houses start around $220K
I'd have to choose either to eat or to pay mortgage... This really sucks!
                     
 




dragonwing
Rating
Be happy you have the option of buying a house, and be grateful you're not in south Florida! Most of the young couples consider $8 an hour great pay since there are such a low number of jobs, and a two-bedroom apartment is typically $1,000 to $1,200 a month to rent! My daughter and son-in-law barely make enough for diapers and food for their two kids, and since they have a boy and a girl, the law down here says after a certain age they MUST have a three-bedroom place. How in the world can anyone survive, let alone save enough money for a down-payment on a house?

The inflated prices are all a "beanie-baby" scam - the media hollers about how the prices are going up so everyone runs to buy - thus demand. They then have to pay the higher taxes to the government who is the ONLY winner in this mess!


p_wabbit
Rating
$220k for Whidbey Island isn't too bad.. suck it up!

(don't worry - it's pretty much guaranteed to appreciate in value) the region between Vancouver BC and Seattle is poised for massive growth!)


Jay
Rating
That's the market for you.

If houses are going for those prices, then clearly there are enough people with the money. Stinks for those that don't.


M O
Consider yourself lucky

I make 31k a year and the average housing price around here is close to 300k.

There are places with a higher income to cost of living descrepency.

I suggest moving to the midwest. That is what smart people are doing. Leave the coasts for the idiots willing to pay 2 million dollars for a 4x4 room.


Skip
This should tell you something about real estate. You had better get in on the buying now because in 3-5 years you are really gonna be cussing and pissed.

An old gentleman that use to work in an office I worked in once told me "Buy Real Estate and Wait, Do Wait to Buy Real Estate"

That saying is still true today. Ask your parents how much they paid for their home? There in lies the answer

I hope this has been of some use to you, good luck.

"FIGHT ON"


ogrendle
Rating
Welcome to supply and demand economics.


swimmyfishy
Rating
i dont know where you are looking but home prices ar high everywhere for small places with no yards.


contemplating
Rating
Get a condo. Whidbey Island is too close to the Seattle metropolitan area. People are willing to drive >1.5 hours each way daily to have a little bit of land here...


Patrick C
Rating
Pay the mtg. and find food somewhere. The only way anyone ever gets a head is to buy not rent real estate. The deductions on your taxes are enormous....actually not even fair. The appreciation will get you more money than you have ever had in your life....do anything you can to buy not rent....there are creative ways to do it....such as rent/to buy....talk to an expert before you give up....


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