 Myself and my g/f are looking to get our own place.....? |
| i have moved out before into a flat with a mate! And she has lived in Australia for a year. What do you think is the best option, rent for a year to make sure we can live together or go straight in ... |
|
 Upfront 6 months rent? |
| Do you think that an apartment would allow me to pay upfront 6 months rent, on a 6 month lease? I am planning to move out of state in July, and quit my current job of 17 years. I will have all the ... |
|
 Apartment Legal Question? |
| I moved from my old apartment complex in May of 2006, at that timeI provided them my new address and contact # because i knew i was going to own money for minor damages. In august i recieved a letter ... |
|
 How do I evicte a tenant for non payment and for abandoment of my apartement? |
| This tenant provided false information about her id, while in the apartement, she was hiding and aiding a wanted fugitive and was dealing drugs while we were getting sick from her smoking pot. And ... |
|
 How many days should I give my tentant who is late paying? |
| I am new at rental management. My tentant siged a 1 year lease beginning June 1st. He paid both on time with a postal money order. He has not paid July rent. He sent me an email and apologized ... |
|
 Is this a scam? this is what i got back after I inquired about renting a place.? |
| thank you for your heart felt email and I hope all is well for you. Now I fell obligated to tell you about myself Firstly I am Mrs Ruth RiveraLopes a 50 yr old professional woman a mother of three ... |
|
 Is it possible for a house to cost $19??? |
take a look, this looks like BS to me. It really says this house it $19!!!!
WTF!!
http://realestate.yahoo.... |
|
 STUPID QUESTION - What exactly is a mortgage loan? Is it a loan that you get when wanting to buy a home or... |
| is a mortgage loan when you already own a home and you'll be using your home as collateral for a personal loan? Because my husband and I are wanting to buy our first home, so is what we need to ... |
|
 Can my landlord sue me after I move out? |
| I moved out of an apartment nearly two months ago. I took advice from a Renter's Rights website and had my landlord meet me at the apartment for a final walk-through. He was satisfied that the ... |
|
 Making an Offer 20% lower than Asking Price acceptable? |
| I am hoping to make an offer on a house within the next couple of days. It's a FSBO, so no realtors are involved which helps as far as there being no real estate commissions on either side to ... |
|
 Can we be held responsible for a problem with house 6 mos. after sale? |
| As a condition of our sale we agreed to replace the living room bay window. Now the buyer is claiming it was installed incorrectly and he can't get the window closed. Obviously we did not opt ... |
|
 What would u do if u got $1,000,000,000,000 |
what would u spend in on ?????
can u imagine having a billion dollars????
that's awesome
... |
|
 My neighbors below me are excessively loud....can i get them kicked out? |
| Im a renter in Cali. My neighbors are constantly blasting music as well as having half a dozen people over every night. On most nights the party doesnt stop until about 3 am. Sometimes they like to ... |
|
 Is there any landlords or just people in the know who can answer this? |
| i have two cats and a dog and im trying to rent all the landlords i have asked to view their property have said that the cats are fine but i cant have a dog why is this as he will spend most of his ... |
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Cherry Lipgloss | If your house cost 700,000 dollars in us does that mean your pretty much rich? |
does a 700,00 dollars hous in us mean you rich |
 |
 
simplesimon
 |
I live in the UK so perhaps things are a little different here... but broadly speaking you are unlikey to own a $700,000 house without being reasonably wealthy.
I take the point that most houses are mortgaged, but very few (over here at least) are 100% mortgaged. The properties that are 100% mortgaged are normally cheper ones, for first time buyers, or those owned by desperate and (about to be) poor people. Indeed, there is typically a lot more equity in higher end houses as.
Even for the very wealthy, paying off a $700,000 loan in monthly installments for 15 odd years just isn't feasible! I know American banks have taken a lot of stick for lending irresponsibly, but to do this frequently would be just insane! I can't be bothered to do the research to come up with the maths - but I am sure that if you looked at the average US wage ($36k?), worked out the average interest rates (no idea!) then worked out how much the repayments would be - you would see that nobody could manage it.
So... in short :) .... you are not necessarily rich, but odds are you aren't poor, and are probably comfortably middle class at least! |
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shiprepairwoman
 |
No, it means you are in debt usually. Most have a mortgage of most of the value at least the first few years. If they bought years ago the property taxes may be more than they can pay. |
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Sunshine
 |
Upper middle class--AND in debt,as the first respondent so correctly stated. |
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Anchor Cranker
|
I means your in debt for the next 20 plus years - hope the economy keeps growing, just remeber US house prices fell 9% last month so you may be in a negative equity situation to.
Happy Days |
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Emma C
|
It depends on the income the person makes. There are three possibilities. They can be in debt or financially stable or very frugal in their lifestyle, while conserving money. |
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L1LVN
|
You are only rich if you own it outright and sells it to realise the profit. If you are staying in it, it doesn't make a difference. |
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jeanniep
 |
no, that means you have a large mortgage.
do you know how many people are up to their eyeballs in debt
cars, homes, credit cards etc...
just because a person lives in a big house does not mean they have money in bank, most of it goes to pay for things they have charged or mortgaged.
no cash, don't buy! |
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stickyricky
|
Thats only 350,000 pounds. Not much really.
American houses are only made out of wood and plaster board, so they take a lt of maintenance, get damp and mouldy. So they don't hold their money like brick houses.
They also tend to fall down in hurricaines which you aren't insured for. |
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bigtimeoperations
 |
No, the house owner could be leveraged to the hilt. It really depends on how much of the loan is paid off... |
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sooneroo
 |
It depends on where you live. In some cities yes 700,000 would be a lot for a house but in other states no. And it depends on the mortgage. |
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GVD
|
No, it means you live in the San Francisco Bay Area. |
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Emma S
|
No, it doesn't necessarily mean you're rich at all |
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Raz
|
no it means you have a mortage you're going to pay off for the rest of your life and its only worth half a mil in euro and even less in british pounds |
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HHH
|
no it doesn't.. I your monthly payments are over then only |
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joyneds
|
Only if you can sell it. and can actually afford and if you didnt pay 700000 for it then possible |
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Bee~Ben~4~evr
 |
yes if you have money after that then ya but if not then NO IT MEANS U HAVE NO MONEY!!!!!!!!!!!!!!!!!!!! |
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linda p
|
no stupid |
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Cheese bro
|
$700,000 with no mortgage, your well off.
And if you got mortgage....:( Sorry to break it to you, your not rich.
And American houses are made out of brick, especially $700,000 and they are usually cleaner than most british homes (usually dirty) |
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