 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 ... |
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 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 ... |
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 Ghost/ in my house? |
| Where can I go to check out the history of the house and the former tenants. From what my wife says the former owners, a husband and wife. the husband died in the house. Now even our guest claim to ... |
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 My grandmother wants to purchase a home and use my income along with hers. Need Advise? |
| My grandmother would like to purchase a home and use my income along with hers. She has a good credit score but income needs a boost. Will the mortage loan also go on my credit report?... |
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 When will the low paid english person be able to buy affordable housing in uk with a standard mortgage? |
| I am an englishman, but low paid, the housing in the UK is so highly priced now that the common man can now no longer afford to "get on the ladder". I work hard and many companies are owned ... |
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| Is it true that recently built houses are not as good as old houses? |
| I read somewhere that those properties built from 1990s onwards are not as sound and good as older ones. Is it true or is it a myth? How can a new house be inferior to a Victorian house?... |
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 Should we take a lodger in because we are really broke? |
We could go into arrears if we don't do something.
This was my wife's idea ,as when she quit her job
last year to go abroad for an operation and extended
holiday with ... |
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 Can you give me your honest opinion? |
Our house is for sale - can you tell me what you think - is it worth the price - do you like it - changed needed?
Thanks so much!
http://www.realtracs.com... |
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 Renter's insurance. are these really needed? |
| never used them, but is considering of using them one day. how much do they cost on average per month?... |
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 Will i be responble? |
| I LIVED WITH SOMEONE WHERE WE WAS SHARING THE APARTMENT BUT HE WAS THER LEASE HOLDER I WAS JUST LIVING WITH HIM HE MOVED OUT ABONDONED THE LEASE THE LANDLORD SAID I PAID NOV. RENT I DIDN'T PAY... |
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 I paid rent and got a reciept but he says check bounced and now what? |
| I paid rent on saturday october 4th. Mailed a check. I got a receipt on October 18th. Thats 2 weeks after. I got a phone call today, October 21st, saying that the rent check bounced. So now what??? I... |
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beach_babe971 | 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 next boom will be bigger then the boom in the early 2000's. history shows real estate has cycles, and that every boom was bigger than the last one.
for califonia. prices might be inflates, and will correct it self, and will probly go down for a while. but in the long term I feel it will go back up and up a lot. it may not go as fast as it has in the past, but i feel it will, BUT everyone doesnt explain it like that. the way other people talk they act like real estate will NEVER go up. ? that makes no since.
if you somehow owned 2 houses in califronia right now that are worth 500,000, and you got it for for free with no mortgage, would you count on them going up in value in the long term? within 5-20 years selling them for 800,000 or more? |
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Terry S
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Read this report, it should answer a lot of questions for you.
http://www.dynamictraders.com/images/SpecialReports/dt_specialreport_bonds_507.pdf |
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Loretteme
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Homes are a good investment. Rarely will real estate go down in value if they are kept maintained. |
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me8md
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It is going down in Michigan. |
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CMass Stan
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Certainly in the long term, RE values tend to rise. In the short term, however, it fluctuates. And it's that short term fluctuation that is getting a lot of recent homebuyers, the ones who thought that their home values would always rise year over year to cover any loss incurred by the interest rate reset of their ARMs.
You can't tell those homeowners to count on the long term appreciation of RE when the short term fluctuation is affecting them now. Their home's value is now about the same or less than what they bought at. The rate reset is could be twice their current rate, making the monthly mortgage payment more difficult to pay off. They can't refinance because, very likely, the conditions under which they could finance the first time (subprime for high credit risks, lax underwriting rules) are gone. Thus: foreclosure.
I agree with you in general: RE values tend to rise over time. But right now we're in a trough where, if I did try to sell, I'd lose a decent portion of what I'd paid into it. Just one of those things, and it's cyclical. And time and circumstance doesn't always allow you to take advantage of the ups. Sometimes you get caught in the downs. |
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Jeffrey F
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Real estate bubble busts are tied to salaries for an area....whereas, you can only buy what you can afford.......prices hit a ceiling and no one buys because it is no longer feasible to do so......then a pricing adjustment (bubble burst) happens and brings prices back to reality.
NOW.....in each price correction cycle, there are a mountain of foreclosures due to lending on value or projected value with every one's intention of refinancing. Problem, you have a $200,000 loan on a house that is is now worth $185,000.....the interest kills the people financially and they eventually end up in foreclosure because they can't refinance due to appraised value nor can they sell for the same reason.
corrections only last a few years and then will be back to where the prices were before the bust, then will rise until another correction and the cycle starts again.
Long run? Prices are basically guaranteed to be stable, much more stable than stocks or bonds and will give you a much higher return over 10 years than a Certificate of Deposit for the same time period.
My parents purchased their home in 1965 for about $9600, they still have it and was recently appraised at over $350,000........with updates and modernizations, they could probably fetch $385,000 |
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pdevans1963@rogers.com
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there are depressed areas that fall to urban decay. others with toxic waste associated never bounce back.
Hydro lines now discourage new development so that adjacent areas may have a ceiling on their value. any other hidden factors may slow or halt the rise in value |
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endgame1915
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In the long term, the investor who usually secures upper-income properties are the experience, wealthy investors who do so because they need to hold the property as a tax shelter. they understand they are likely not going to make money off their investment in the short term or even the long term and it is the tax shelter advantages that are their motivating factor.Also, be aware that when leasing an upper income property, there is the possibility of only breaking even or, worse, experiencing negative cash flow. |
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iceman
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Simple answer...
In some isolated areas.. yes. But in the vast majority of the country.. no. |
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oldhombre
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Real estate only has the value someone else will actually pay for it. Market value can go up and down but it has to be affordable by potential buyers. I saw 2 price crashes in the UK. First in Aberdeen, Scotland when there was a crisis with the oil industry and house prices fell by about 25% then a bit later in England when house prices fell by over 35%. In my case the house I was wanting was just about unaffordable having suffered in the Scottish crash but then overnight the builders dropped their asking price in England by 30%, yes overnight in one step. They had to sell houses somehow to get income for the business. In the end, the prices then slipped another 5% down over the next year and didnt recover for 5 years or so. In many places houses are just not selling at the moment because of stupid high asking prices and the increasing interest rates for mortgages. |
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