 If you rent your home and pay to have pests professionally removed, can you legally deduct that from the rent? |
Since I rent, can the price for the professional pest control Orkin, Terminix or whoever, can that legally be deducted from the cost of the rent?
Can the entire price be deducted or only ... |
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 I have about $500K in savings, no income (law student), and am buying a $270K house. Need down payment advice: |
It will be a 3 bedroom, so I will be renting out, getting $1000 a month from renters. How much should my down payment be, considering my savings situations and lack of income?
Additional D... |
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 Can he do this? |
| My landlord has started charging £5 to deliver electric tokens (which we all have from him) yet he only comes round with them (the free delivery) every 2 weeks on a friday night. There is no other ... |
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 Is it better to have a two story or a one story house? |
I'm buying/building a new home in austin tx and would like some input from ya!
Is land cheaper if you build up instead of out? Do you get a bigger yard, are they any advantages?... |
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 What to do when you buy a house and the previous owners won't leave? ? |
| We closed on our house yesterday and the previous owners have not packed and show no signs of moving out. We told them it would be $40 a day for every day that they stayed after we took ownership. We ... |
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 Is a landlord required to install phone jack? |
| I moved into a house that was remodeled. The house does not have ANY phone jacks installed. Does the landlord have to install at least one phone jack? I'm in VA. I asked him and he said they don&... |
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 Is my landlord required to have keys to the house? |
| I have recently moved into a new house and the landlord is already behaving strangely. She turned up here unannounced on a saturday night and tried to push her way in. She says we have three sets ... |
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 Girlfriend on house title? |
after living with my GF for 3 years she now wants to share ownership of our house by having her name on the deed 50/50 - but I bought it with my money and pay the mortgage with my money.
is this ... |
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 Do I have to let my landlord enter my home to show to prospective tenants after he gives me a 30 day notice? |
| I live in CA. My landlord (without reason or explanation) gave me a 30 day notice to move, I agreed to move out within 30 days. During the 30 days do I have to allow him to enter my unit to show to ... |
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 Trouble with Letting agent and Landlord. Where do I stand? |
| I moved into a private property July 2007. Everything was fine untill the bad weather came and the house developed serious damp problems, the walls are black and Ive had to throw no end of furniture ... |
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 How can I legally break an apartment lease? |
| I'm getting engaged and want to move in with my fiance. However, I have a one years lease at my current apartment. How can I get out of it?... |
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 Our rented property flooded due to a broken pipe. There has been damage to contents. Is the landlord liable? |
Neither party has insurance.
The contents are ours.
It is an informal let.
Additional Details
He tried to fix the pipe earlier in the day, and clearly didn't ... |
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 How should I determine fair market value for selling home to relatives? |
| I want to determine a fair price and do not want to make it too high. But if I make it too low, aren't I essentially making a gift and subject to taxation if the gift is greater than $10000?... |
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Bigboi924 | If Dow drops 300 points is it best...? |
to find a better loan for a mortgage? If I am in a adjustable rate loan, is it best for me to stay in it or refinance to a fixed rate loan. I'm doing a research for my school, and i was wondering how the drop in dow effects homes in california. I do not understand the stock market well. Is buying a home better than selling a home now? Thanks for taking your time in reading my bad understanding about the effects of the marke. |
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PepsiLime
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dow dropping has no effect on mortgages, at least directly. However, if people start pulling money out of the stock market, they will need to put it somewhere, and one of the best places is in the US Treasury market, which would cause the interest rates in the treasury market to go down, and possibly making mortgage rates go down. Also, the real estate market has cooled off drastically, due to sub-prime mortgages starting to blow up. Right now it is a buyers market in many areas of the country, so it is better to be a buyer right now than a seller, but also housing prices could continue to keep going down until they get realistic again. |
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justagrandma
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Buying a home right now is better than selling because the interest rates have gone up making sellers lower their prices so more people can afford to buy. Its not the stock market directly, its the interest rates. Refinancing depends on what your credit score is and the value of your home. At the worst, you could have negative value, that is the home is valued at less than you owe on it. Then no one will want to lend you the money to buy your first mortgage. You may be able to convert to a fixed rate mortgage depending on your lender and what your original mortgage terms were. No one has a crystal ball that tells you without doubt whats going to happen with interest rates. You have to balance what you can afford with what they are offering and take it from there. |
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Ken 22
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It's the bonds that affect the mortgage industry not the market. If the bonds drop then so will rates...Right now is a good time to refi not because of today but because of where the rate shave been. Anymore questions or if you want to refi email me Ken.lifemortage@gmail.com |
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Blue October
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try and refi.....you need to get out of the ARM...but when they check on the value of your property --it may have dropped and now you may owe more on the loan than the property value. this is a problem all ARM participants have run into.
good luck |
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Smudgeward
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If you think the world economy is on the up now after, what is it now 15 interest rate rises in the US, buy. If you think we are on the way down sell. Only the v. richest and most powerful people actually know what will happen next (that's how they got that way, profiting off the vast majority) and why they control/own the system. For the rest of us it's a crap shoot. I think this bubble has burst in the US and Europe will follow. |
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Thin Kaboudit
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The Dow fell 2.26%, which, in the scheme of things, is pretty meaningless. Tomorrow it may gain all that back! Or it might fall 3, 4 or 5% more. It really doesn't matter.
Think about it, the Dow Index is just a broad reflection of the confidence level most investors have in the future. It will probably ALWAYS rise at an average of 10-12% a year. Daily fluctuations driven by isolated pieces of data don't mean much unless you are a "Day Trader" (<= financial lingo for "nitwit").
As a general rule of thumb, adjustable rate loans are a very bad idea. The mortgage lenders do not issue them anticipating that rates will go DOWN, if they thought that they would try to talk people into a fixed rate loans, wouldn't they?
If you would like some simple, clear explanations of how the stock market "works", a good place to look is http://www.infoplease.com/spot/stockmarket.html
Best wishes! |
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bull_rooster_aardvark
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Just venting here but countrywide reports just miserable results, warns of all sorts of problems clearly directly related to the future of housing - and few people seem to notice.
A few days later the dow drops on its own for unknown reasons and everyone is looking fo r some sort of correlation to housing, where who knows if there is any.
Look, countrywide reported terrible results a few days ago, but also reported they thought things would get much worse - that prime loans (as well as subprime) were having major problems and that they thought it may be years for this all to work out. This suggests housing going lower and tougher financing in the future (mabye now is a good time to refinance).
Here is the link to the 100 news stories on this (not exaggerating)
http://finance.yahoo.com/q/h?s=CFC&t=2007-07-25T10:35:00-04:00&id=26273862 |
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Crocodilian
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Drop in the Dow doesn't mean all that much.
Its best to try to separate short term gyrations from long term issues in markets.
Short term, the subprime mortgage meltdown means its going to be hard for people with bad credit to get mortgages. What that means is-- and this is a guess-- if you're a buyer of the kinds of homes that people with subprime credit buy (eg less expensive homes), you can strike a very good deal; if you're trying to sell a house like that, you're going to have a harder time of it.
Whether you should convert to a fixed rate really depends on what your mortgage is . . . |
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RT
 |
The stock market just had a 300 drop! This will affect many stratus in the market including home loans. |
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Robin L
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We are in a buyer's market at the moment so buyers determine the price, not the seller. |
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james
 |
The DOW means absolutely nothing on an individual basis. It is supposed to be a measure of how the most highly thought of companies are performing. The DOW relates to the housing market in non specific ways. Real Estate Investment Trusts (REIT's) are moving capital from residential speculation to commercial and income producing properties. Mortgage companies have seen significant defaults on accounts and it has affected profitability. These are the results of softness form the buying public's finances, not the DOW. It merely gives an indication of strength and weaknesses in the private sector.
Refinancing is invariably a shell game. If you cannot do an 80%/20% loan-to-value, don't do it. If you have the equity and/or cash to make that or a better percentage exchange, go for it. Too many people look at it as a savior when they go backwards on a property that is negatively equitied.
Buying or selling is going to be stated on a national level, not a local level.
It is better to neither buy nor sell at present. The market is flooded with existing homes and there is significant pressure from new construction. It would be unwise to sell because you will need to accept a loss in projected profits. It is unwise to buy because there is still tremendous downward pressure on sales prices. In other words, don't sell, it appears you'll make more money at a later date and don't buy, it appears that prices will continue to fall and better prices can be had. |
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Terry S
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Read this report, then decide for yourself
http://www.dynamictraders.com/images/SpecialReports/dt_specialreport_bonds_507.pdf |
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