 Is it legal to tell a tenant that they can't change the temperature in their apartment? |
| Today I was helping someone move. It was quite hot in the house, and someone asked the person moving out if they could turn the heater down a bit. She said she couldn't; it was against the ... |
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 Can you be 17 years old and buy a house for sale in California? |
| I'll be 18 in 6 months, I have inherited a lot of money, enough to buy a house, but I'm still not sure if a 17 year old can buy a house for sale in the state of california.... |
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 I have a roomate who drinks, and I rent from him, he took my $500 deposit and spent it, what is my recourse? |
| I have been renting for about 3 weeks here in Sheridan, WY which is almost impossible to find any kind of housing. He was a nice guy at first, but now it is beginning to be a nightmare. I have an 11... |
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 My council house i can buy for £54000, or should i continue to pay rent and chuck money down the drain.? |
the rent is £64 weekly or i could get a mortgage what would you do i have lived in my councilhouse for 10 years
Additional Details
thankyou for the replies so far the house was valued ... |
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 Can i get evicted? |
| I privately rent a house, i informed my landlord on the 26th of october 06 that i had damp everywhere becus of the rain we have had, he said he would sort this, ive been sending rent every month but ... |
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 What is the average cost of a home in your area? |
| I watch Flip this House and am amazed how much these home cost to start with. Like a 1200sqft home will cost 235,000.00. Where I live you can buy homes like the ones they do for around 25,000 to 40,... |
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 I'm 24, I was going to get house, I can afford, but then I wouldn't have money to have fun? |
| I just paid 600 to get out a plan to get a home. I make enough money to get house, so I decided to get a real big cool one. But when I was in the process of the getting the loan I regretted it. For ... |
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 Rediculous situation... does he have a leg to stand on? |
So I had an agreement verbally to pay 700/mo in rent. I said I would contribute towards utilities which the roomate said is about 100/month...
I paid 1400 in advance, after 2 months ... |
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 When a home is foreclosed, is the homeowner reimbursed for the amount of money that was payed into the home? ? |
| For example a homeowner has made a down payment of $20,000 and payed $50,000 towards a home loan of $200,000. The homeowner is no longer able to make the mortgage payments and the home goes into ... |
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 We've got an overgrown tree outside our property & its branches are bending back on our bedroom window.? |
| The branches also reach across the first half of the living room window. It's certainly grown since we bought the flat 5 yrs ago. Could this affect our ability to sell the flat? Should we cut ... |
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 I brought a house and put b/f name on deed, we split over a year i make all payments he wont sign off house? |
I have paid all payments for four years as he never worked and a lawyer sent him the paper and he wont sign, says when i sell he will get half of it, i pay all including taxes etc..
Additional D... |
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 Help me please (10 pts)? |
how much do you think it costs to build a house?
like to buy about 1acre-2acres, and then build an average sized two story?
is there any websites that i can calculate this or ... |
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 If your landlord tells you she wants you to move out, but she never puts anything in writing, is it legal? |
Additional Details
She's 87 years old, and she's decided she doesn't want to deal with renting any more. She told us she wants us out immediately... Mean old lady...... |
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 Any clever ideas on how to get bad tenants to move out b4 wasting time with legalities & eviction notices? |
| I truly enjoy people's company and the relaxed, more secure feeling I get by renting spare bdrms in my house. I'm a fun, young, and very easy going single landlady who's very flexible ... |
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 I want my first home! Where do I start finding out about mortgages and other issues for first time buyers? |
| My boyfriend and I are thinking of buying our first home, I'm a student, therefore minimal income (until summer 2008), he works, and we know nothing about buying property. We started saving up ... |
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gilda13me | I rent for $800 a month. Would it be better to buy a condo and pay a mortgage even though my mortgage payments |
would be $1500 a month? Should I continue to rent or invest in a property? The $1500 rate is a hypethetical estimate. I live in RI. |
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kittyhawk1993
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if you can afford to make the payment then YES, it's always better to own than rent if possible |
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Spartacus!
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You needn to consider this in the context of your income and your taxes. If the benefit of receiving the mortgage interest deduction and deducting local taxes will be greater than the discount of your rent versus the mortgage payment, then yes. Otherwise, you should simply bank the money you're not spending on the mortgage, and save for when it makes sense for you to buy. |
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Tomel
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Essentially I agree with the other answers, but with a couple of cautions:
o Make sure you buy in an area that is not deteriorating or where property values may decline for some reason (for example, an airport is planned and the place you're buying will be in the flight path). People have lost money on real estate by not doing their homework properly.
o Be cautious about over-paying for a property. Do your reasearch. Make sure you know what similar properties have sold for recently in the area where you plan to buy (look at actual sale prices, not asking prices, to determine value)
o Be especally cautious with condos and townhouses. Make sure you have someone with expertise in townhouses or condos review the association documents and books (you don't want to purchase and find out you're going to have to pay a special assessment because the condo's repair fund is inadequate, for example). Also, make sure there's a high percentage of owner/occupied units as opposed to rental units. Also, you will usually make out better buying a re-sale in an established property than purchasing into a new development. |
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redo123@sbcglobal.net
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Investing in real estate is always better than renting real estate. Whether you purchase a condo, apartment or house, it would be better than renting. You will be making an investment with the potential to give you a bigger return should you at some point decide to sell. Renters do not have that option of a higher return. |
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Neodiogenes
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No, it's not always better to buy. That's a silly short-sighted statement.
You have to calculate the cost not only for your mortgage but also for all your household expenses that come with your rent. There's the fees paid to your condo association, the maintentance in and outside the house, property taxes, and so on. Your real cost might well be $2000 a month, not $1500 -- and that's all money thrown away, just like with rent.
HOWEVER, on the other side of the coin, you can deduct your mortgage and property taxes from your Federal and State income taxes, so add that to the plus column. Now check the appreciation/depreciation rates for similar properties in your area and figure how much the property has increased in value over time, and calculate forward if it continues to increase in value at the same rate. That way you can determine how much equity you will gain over time.
Finally, decide on your "window" of ownership -- whether you're planning to own for 5 years or 10 or 20 or what. You might find that if you're planning to move after 5 years, renting makes much more sense, financially, but if you're going to hang around 10 or more years then buying becomes a much more attractive option.
Now, that being said, I bought a house five years ago and refinanced several times. My total house-related payments are about $2500/month but much of this I can deduct from my federal and state taxes so the actual cost is perhaps $1800. Over the past five years the house has increased in value an average of $5000 per month, so my net gain has been $3000/month. Basically it's like someone's been paying me to live here, at least, unless the housing market falls significantly. |
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fcas80
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Don't forget that mortgage interest is tax deductible.
So if your 1500 mortgage payment included 1000 of interest, and if your marginal tax rate were 15%, you are benefiting after-tax by 1000x15%=150; and the net after-tax cost of the mortgage is really 1500-150=1350.
If you are currently taking the standard income tax deduction, this additional interest deduction may allow you to itemize, and claim even more tax deductions.
On the other hand, if you buy a condo there is a monthly maintenance charge to the condo association, plus the cost of various repairs that you will have tomake yourself instead of your apartment superintendent making. |
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Siri
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you should stop renting... you are just trowing your money away... so go out and buy a condo.. |
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OhGreatWiseOneinHipWaders
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There is no one answer to this question. It depends heavily on your situation. How long do you plan to stay in one place, What kind of time, money and skills and interests do you bring to the table, etc. For a starter that only helps calculate some of the financial aspects, there are many "Buy vs. Rent calculators" available online. Here is a simple one: |
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lemonadebogainville
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The best thing is to buy your own flat rather than rent it if you can afford one. After a certain period of time the flat will be your own and no one can bother you for that. Where as if you just rent a flat as if you keep your money in a holed bucket. |
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non_stopangel
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buying is ALWAYS better |
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nikki_luvz_jamal
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It's better to invest your money in a property that you know would be yours, Consider buying a condo. Beacause your practically throwing your money away. Good Luck! |
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Wyntersmile
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Buying a house or condo would be better. Right now you are just giving your money away. |
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micki_g
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Most condos have Condo fees or association fees some are extremely high some are really low. Make sure that these fee don't rival your mortgage or your budget after all the other bills and taxes are assessed, there is an increasing number of condos on the market who list no fees. But from an equity stand point, owning a home is far better than renting one, as the build equity, even condos, My husband bought his condo for $45000, and sold it for $150000 only five years later. I personally would look for a mortgage close to what I'm paying in rent. The rates aren't that far off these days. |
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kentata
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Buy. You are giving your money away now instead of investing. |
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The Seitz
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Neodiogenes gave you the best well rounded answer froma finance point of view. definitly be wary of real estate agents, they will tell you anything to sell you that place, check it out, check it out with the locals, have a real estate attorney check out the contracts, and haggle for a good mortgage rate. that being done, buying is good cause it gives you assets where as renting is just a liability. |
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lizarddd
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Renting is throwing your money away, after a few years you have nothing to show for it. I would buy if you could afford it, at least once the mortgage is paid off you have the property that you can sell or leave to your family |
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Pobept
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buying is always better
buying your investment will sell for more than you have invested in it |
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kimberly8771@sbcglobal.net
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It's ALWAYS better to buy rather than rent if you can get a mortgage, because when you are buying property, it's building equity. When you're renting, you're only buying equity for your landlord. |
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moxymota
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yeah, but a house instead of a condo, because in condominiums you always have to pay home owners association fees and that jacks up your payment per month about $150-$300. |
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I no longer participate!
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Do an Internet search for a rent versus buy calculator, I think the one I used was at Realtor.com. My husband and I have been moving frequently due to rapid job promotions and the calculator showed us that buying just isn't the right answer for us. |
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nick3rd8chicago
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I agree with a lot of the other answers, you should always buy if you can. The best way to determine if you can is to go through the process of qualifying or pre qualifying for a mortgage and see what you can afford. There are a bunch of sites out there that can connect you to mortgage brokers and professionals. One that I have used to do my mortgage was www.rezponze.com, they can get you in touch with someone quickly...it worked pretty good for me. Once you get in touch with the broker and determine what you can afford, you can do the fun part and go look for homes in your price range. I would try to find something that is a bit bigger than your apartment so you feel that you are getting more when you are paying more and then before you know it you will have equity and value in your home... Hope this helps...I put some sites that you can use to get mortgage quotes and prequalify below, good luck!! |
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