 When making an offer on a house how low should i go? |
| We have just seen a house we like its up for a guide price of £209,995 what should we offer? it is a new build not yet finished inside. we are in the uk.... |
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 My landlord gave me 30 days notice can he still evict me 4 non payment even if he's been paid by then I'm n NY |
| I was withholding rent because he failed to make necessary repairs. When he did make repairs, I gave him partial payment of back rent and told him that I would give him the rest next month when the ... |
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 I would like to buy a house by June. How soon should we start looking at houses? |
| We are in an apartment now and signed our lease for 7 months since we are expecting. I am in a masters program and hope to find a job once I'm done school. We already have a realtor we will work ... |
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 Me and my boyfreind decided to buy a new house together. I am buying and he is co buying ? |
He is married but has not been with her in 10 years can she do anything? Does he have to sign a disclaimer deed?
Additional Details
he has not been with his wife in 10 yrs and he has a ... |
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 Can I sell part of my house? |
Our house has three flours.
The first and second floor is all we use and thats the main part of the house.
The ground floor is a self contained flat with a kitchen, bathroom, living and ... |
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 What do you say to a landlord when you own drums? |
| My family might be looking for a bigger apartment- only problem is my husband plays the drums for about an hour a day. What & when do you tell the landlord? Do you keep it a secret until you move ... |
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 What can i do to my landlord to get revenge ???? |
| he keeps harrassing me and my rent is paid on time all the time hes trying everything to find a way to kick me out because he has something against me what should i do????... |
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 3 years ago a friend of mine loaned me $5,000 for a down payment on my mobil home? |
| there was never any papers legal or otherwise drawn up or signed legal or otherwise for repayment he had said we would work it out later but never did. so in the last 36 months i have payed the $330.0... |
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 What price range should I be looking in for a house, condo/townhouse? |
| I can only afford about $1,250 a month and was JUST curious if I have a chance at finding a place (besides an apartment since I already have several in mind). Would I have to look below the $200,000 ... |
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 Is a landlord allowed to enter the property you are renting anytime they want? |
| Our landlord has entered the property that we have been renting serveral times without our consent while we were not home. Then after she does this she makes harassing phone calls to us telling us ... |
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 50 year mortgage loans? |
| are there any positives to getting a 50yr loan? are they legite? any info will be helpful ... |
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| My housemate brings a friend for regular overnight stays, is that legal? |
| Me and my housemate are the only names stated are on the standard assured shorthold tenancy agreement and hence legally the tenants of the flat. Her boyfriend is here for average 3 days a week and ... |
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 Letting agent and tenant amended the Tenancy Agreement after I signed it? |
| I have raised this matter on several occasions with the L/Agent who advised me that the clauses now mark N/A and initialled by both parties do not affect me but this is not the point I feel they ... |
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 Can a realtor lower the asking price of a house without my permission? |
| A relative of mine has listed a house and unknown to him, the realtor lowered the asking price in the MLS (house is listed in REALTOR.COM) without first asking my relative. Can the realtor legally ... |
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 Dying & Leaving council property to an 18 yr old son |
Bit of a strange situation here,
A friend has recently found out he has bone cancer & has been given under a year to live. He has 3 children (he's divorced from their mother by the way)... |
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 What are the expenses of moving out? |
| Ok im 22 and im looking to move out for the first time (i no ive left it a little late) Im hoping on a house share with a few other people i just want a few rough estimates on how much youd expect to ... |
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| Can i get a loan to buy a house out right ? p.s im not mad im on benefits!? |
Additional Details
this is for the scummy git reply:
i am on benefit because i have phsycological problems. i do not wish to dissclose further
to a internet ... |
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DUMBMAN | Is paying 50% of your take home income to renting an apartment to much? |
I owe nothing to anyone. No CC or School bills. All I need is the usual: Cell phone, food, personal cares (toothpaste, deodorant) , Cable/modem bills. Or is this amount forecasting trouble? |
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tzila99
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In general it is recommended that rent is 30% of your income, before taxes. Do a budget, make sure you include savings for emergencies. If you feel you still have enough disposable income, then go for it. To be honest though, it would make more sense for you to invest that income in a house or condo and build some equity instead of just stuffing someone else's pocket. |
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The Rhyno
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Yes. You should only be tapping into 30% of your income for housing. |
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RayRay
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They taught us that we should not spend more than 20 to 30% of our take home pay on housing. I think doing 50% will set you up for some problems!
rr |
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amelia-gutierrez@sbcglobal.net
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usually when you lease/rent they check that you make at least 3 times the rent regardless of your bills however they do check your credit report and they might take that into consideration for your down payment deposit. |
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razual2003
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yes |
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arch0049
 |
If you have no debt and want to splurge on a nice apartment its not bad. But there is a difference between "wanting to splurge" and not having a choice.
The most important thing, is saving money for retirement. |
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Pam
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50% sounds like a pretty high number - you may be able to manage the payments now but you never know what is around the corner, for instance if you get sick or change jobs etc.
this is something to consider that a lot of people don't know though:
depending on what country you are in, you may find there are tax breaks you are entitled if you run a business from home. it doesn't matter if you're weaving baskets and making $100 a year or running a million dollar mail order business. if you are running a business from home you can claim a proportion of costs (eg proportion of your rent, or for anyone buying a house you can claim the interest on your mortgage, rates, maintenance and a lot of other costs).
because of this, you may find that if tax advantages (and probably a bit of extra income) appeal to you it may be worth looking at something like this, as it would bring your overall cost of your rent or your mortgage down and get you some of your hard-earned tax you pay back - totally legal.
my mum wrote a best-selling book in New Zealand called Wealth Creation: What Your Accountant Doesn't Tell You (that was also printed in the US) that outlines a lot of advantages like this that mean you can legitimately claim back a proportion of costs you have to pay like rent/mortgage/phone/car etc. Rules and rates vary from country to country but i know the USA, New Zealand, and Australia all have there rules and quite a few others.
if you have any questions drop me an email.
good luck! |
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Brooklyn
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Lets say it is all relative to how much your income really is. If it is 1k a month.. and it leaves you $500.00 for living expenses.. then yes.. it is too much. However, if you make more and it leaves you with more... you get the picture. It's called disposable income. Typically, if we are financially speaking.. if you add up all the minimum monthly payments showing on your credit report and the monthly housing payment, divide that figure by your gross monthly income... you want to be right around 45%. Hope this helps. |
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Expert Realtor
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Yes, b/c you would have strapped yourself financially that you have no money for emergencies.
25 to 30% is what you should be shooting for. |
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crazy_ari_girl
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I am in a very similar situation, and I pay about 30%. Its pretty tough. However, if I wasn't sharing, I would be paying nearly 60%, and this is the cheapest place I could find.
That's actually scary. |
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