 With my daughter being molested did I have a legal right to break my lease with the family still there? |
| she was molested in the same apartment complex I lived in the molester is behindbars but his family still lives thee as a result my daughter could not even sit out on the balcony without being stared ... |
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 Would you bother with a lead paint test? |
| My husband and I like this house that was built in 1965. I want to have a lead paint test conducted while my husband says we shouldn't bother because 1) they repainted everything already and 2) ... |
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 Should I move out? |
| Im 28 now and my parents are driving me potty. I was thinking of renting somewhere just to see how it goes. Well should I? Im scared though.... |
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 Roommate moved out on the 31st, has not given key back? |
Our horrible roommate moved out on November 31st and has not given us our key yet or provided a forwarding address. He paid a deposit and from it will already be subtracted a late fee for ... |
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 We need a bigger council house but the council say it will take a year how is this fair? |
| there is 8 of us jammed into a five bedroom semmi detached house but we need a bigger houes because my mrs is having another baby and my son wants his girlfriend to move in as well with her baby but ... |
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 I can't seem to sell my house? |
| My house has been on the market now for 4 weeks and we haven't had one single viewing. Is this due to my estate agents not doing enough even though it is a really bad time for selling? Just ... |
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 Can my landlord use my deposit to pay to repaint the apt.? |
| I will be moving out by the end of the month, the landlord said that he was going to use part of my deposit to repaint the apartment, there are no holes on the wall it's clean, we've been ... |
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 Somebody told me...and i need help really fast please? |
| i wrote to this lady about an apartment and i told her that i wanted to get an apartment, becuase i am going to graduate this year and go to college next year and i wanted to have my own place wiht ... |
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 Roommates not paying rent? |
| My 2 roomies are away for the summer and aren't sending me their share of the rent on time. This is creating problems between me and the landlord who's blaming me. I've reminded them ... |
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 Can a landlord take and hold tenant's valuables without consent until he pays? |
| If a tenant is not paying can a landlord enter his rented space without his consent or knowledge and take and hold his valuables demanding payment?... |
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 How long have you lived in your present home ? |
I have lived in mine for 44 years, my Mum`s friend is a frequent mover, the longest she`s lived anywhere is 7 years !
I`m just curious.
Additional Details
Thank you everybody for ... |
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 My Husband has just walked out on me 3 weeks after we signed a joint tenancy agreement. Can i get out of it? |
| He has left me by sending me a text message and refuses to talk. I now cannot get hold of him at all and his family do not know where he is. I can't afford the rent on my wages alone. He has ... |
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 Answer in next 2 hours and recieve a promised best answer!!!!? |
Hey,
I would like you guys to think of good original names for some apartment complexes (2). I will choose a best answer in 2 hours (maybe less) or the best answer after 2 hours if no one ... |
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 Is it ethical for a landlord to come into your leased home without telling you? |
| I'm at home today and heard some footstomps coming up to my door. As I get up to see who it is, I see my landlord running down the stairs away from my rental. She must have seen me and took ... |
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 How much should I tip each person for a $900 local move? |
I don't know yet how many movers they will send. Is it a percentage of the total cost and divide it up?
Additional Details
For those who asked I hired a local company and the men ... |
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summer07 | What is a smarter decision: Buy a house while prices are low, or keep paying almost $1K/mo for a 1bd apartment |
Seriously. I'm in my mid 20s, been living on my own for several yrs now, and live in the Philadelphia area, where you can buy a decent starter home for under $200K...yet I'm STILL renting a 1bd apartment for over $900/mo!! What a rip-off, do you agree?
Currently I make over $30K verifiable income and have had my primary job for over a yr. My credit is in the low to mid 700s and although I owe $105/mo on my student loan and total $7K(out of an original $27K) on my car loan, I have zero credit card debt and I'm planning to pay off the car loan to zero by October(i.e., over 3yrs early). Do I have a chance at a mortgage?
Some acquaintence claimed that I would need "50% down" to get approved...is this true, or do you think he's just trying to crush my morale? I read that lenders look for a solid 10%, but you only need 3.9% for an FHA loan if you purchase PMI.
Seriously, what does he expect me to do?...keep paying rent? Don't you think I should buy a house soon(before 2010)???
Additional Details
daddyporky: I like the houses they have in Morton and South Jersey, but the property taxes are WAAAAY too expensive unfortunately. I looked at a house in Morton and the taxes are $4500/yr...vs. $1500/yr in Bucks, Montgomery, or Phila counties! |
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Becky
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I would totally go for it - you are completely wasting your money on rent - at least owning - your money is actually going somewhere to benefit you instead of your landlords pocket! It seems like you have been very responsible in your spending so I would seriously go for it - what would you loose! There are alto of options for first time home owners so I would find a Real Estate Agent you trust and have a good relationship with - if you don't know any - start asking people and meeting several before you pick one! The good thing is - you don't pay them - they make their money when they sell houses!
So Good luck and have fun looking for the perfect place!!! |
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---
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You have good credit. If you have the income, and you can find the right house for the right price, buying a house would be a good idea. It's a buyer's market, so you should be able to find a good deal. You don't need 50% down! 10-20% down payment is best, but if you get an FHA loan you can definitely put down a smaller down payment. With FHA or any other other low-down payment loan, you will pay PMI, which will affect your monthly payment and what you can afford. So that is a consideration. Some people get piggy back loans, which enable them to do without PMI. I say get your numbers in order and go shopping! Talk to several lenders and see what they can offer you. Good luck! |
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ellasmomma1
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It is always better to buy than to rent. |
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team roping country girl
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your wasting money on an apartment you mind as well burn your money |
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BIKER DUDE
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Owning is definitely better than renting. Just make sure you get a fixed interest rate. Hard to tell what might happen in the future with interest rates. |
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Breeni-Momma
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I'd buy while prices are low
You sound like you would get a decent loan and should easily be able to get a house.
Good luck with whatever you decide to do |
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carpediemmaster
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go for it--!!!
what is the worst than can happen?
they turn you down
what is the best that can happen
YOU can answer that.... |
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atheism_and.rats
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buy low. |
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Just Jess
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My fiance and I (21 years old) are skipping the renting process all together. You're basically paying a mortgage to get nothing in return.
We are going to be buying a condo ( the condo's were looking at are 2 bedroom condos for between 135-140,000) There is a pool, tennis court, and heat and hot water are included in the common charges.
our monthly mortgage payment (taxes and insurance included) for a 30 year fixed rate mortgage at about 6.5% is esitmated to be just under 1,000 dollars per month.
When we're ready to move we can do 1 of 2 things. We can sell it and most likley make a small profit (selling right now we might lose, but over a long period of time theres a bigger chance of us making a profit rather than losing..and we intend to stay wherever we buy for at least 5-10 years)...OR we can rent it out and make a little extra cash each month until we decide to sell.
Whatever you do (condo, small home,)....I would buy! Just be careful. |
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Jenny R
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If you are paying 900 a month or more check into housing, figure in the monthly mortgage and insurance you will pay. If it's cheaper than rent you need to buy. Buying a home is a long term investment. If you are stable and able to maintain a home you should buy instead of rent.
this is helpful; http://www.ginniemae.gov/rent_vs_buy/Rent_vs_buy.asp?subTitle=YPTH |
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Shawn Richards
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buy low! |
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taco
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I have a buddy who's a real estate Guru, he said the buying time is not 'necessarily" yet. If you can purchase something 25-30% below market value, DO IT! There is a great chance the market is going to fall 15% adjusted over the next year or two, ntil all this house madness settles down. But if you buy a house at market value, you are most likely going to lose over the next five years. After that, the economy will bounce back.
With a 700 credit rating you will get low financing under 6%, if you go under a HUD gaurantee you can do almost nothing down, conventional loans usually as 15% down. All you need for a Hud loan is usually proof that youve been renting over a year. THey allow 33% of your income to go towards house payments, that should allow you a house payment of about $850 a month, probably a house under $130,000 will be your market. |
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Jennifer
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Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://www.x.se/a5nf |
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Julie R
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I'm a big advocate of buying. Maybe your best bet is to talk to a realtor and tell him/her everything you said here, and also tell the realtor what neighborhoods you're interested in. They can give you whether you think you can find something you can afford.
The big wildcard for you will be property taxes - here in Pittsburgh, PA they are out of control. You can find a house for under $100k, but if your house is assessed at $100k, you pay over $3,000 a year in property taxes. So I'd look into not only what the housing prices are, but what the taxes are, too.
Since you're a single person, maybe a condo would be an option for you. You could get a 1 or 2 bedroom and it would be easier to maintain than a single family. Just something to consider....
Good luck! Julie |
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Free spirited (L)
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Where do you think that money is going toward when paying rent? Nowhere! Buying a house is a road toward owning it, but you are only twenty years old. You're still single? In school? Any pets? Future decisions? This really depends on if you're ready for a house. For now if you're hesitating, I suggest dorming if you're in school, but if you aren't, look for a cheaper apartment. |
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mockingbird
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i'm gonna be the only pro-aprtment answer, lol.
finance aside, what are you gonna do with the house.. live in it alone... or start a family?
i went on a date with a guy who bought a house in N.J. That was just that one date, because while i was willing to move to NYC, i didn't wanna move to where he lived to. yes, we casually discussed NYC and covered that. His buying a house limits him to finding girls willing to move into that particular house, and does not allow him to move to where the girl is. it does not allow him to choose a house that both him and the girl he marries like. it's just him, and that's that.
Also, my father owns a house in a nice area. so... what if the girl you like has a house of her own? you'd have to sell one. the house-as-investment bubble has just burst you know. it takes lots and lots of effort to sell a house. especially now.
i pay too much for an apartment because it IS temporary. if i get a job in NYC or California, i can drop it and go! I am paying extra for my aparment for the mobility. especially since i'm a girl, and it would be even more presumptous for me to say to any future guy who is serious to move in with me "you must move to my house". Yeah, that would work. NOT! it's usually the other way around.
Also, i find people with houses end up driving 1.5 hours one-way to work. People do change jobs. Me, i'd just find a closer apartment! you only have one life to live, and do you really wanna spend your life driving to a nice house, or spend your time going out after work (from your apartment) for the 2 hours you'd otherwise be driving -- or at least watching a movie for 2 hours in an aparment instead of driving toward your nice house in rush-hour traffic.
i knew a guy who drove 2.5 hours every day (each way), but he had a family, so that's different. he drove across 2 states!
Now, if you wanna live alone in a house, or if you don't mind spending months and months selling your house to buy another one, and you have nothing better to do with your life but drive, that is a different story.
from a "spend money" perspective, a house makes sense, but i make my decision from a "how do i spend my time on this earth, provided i can afford it" point of view. driving to a house is less appealing to me than moving to an apartment closer to work.
just some factors to consider |
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victor v
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well what i would do is not buy like a house house but a nice 2 or 3 bedroom aptmnt for like 130-200 k but thats my opinion you do what you want but you definatly sound like youd qualify for a morgage |
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robert w
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Sorry u sound like u want to shoot ur self in ur wallet.
u r making 30K and that will not get u into 200K with out some serious funny paper.
get a cheaper flat , work to increase ur income, increase ur job skills/values , save as u work 2 extra jobs.
read ' house buying for dummies ' will save u 1000S$ , read 'total money make over'
will save u hard experiences/expensive.
what ever the P&i is should not be more than one weeks take home, 2nd week will go for taxes insurances, 3rd week goes for utilities transportation, 4th week u get to live on.
seriously 30k/200k u'll be working 3 jobs to afford it.
what happens when future wife doesn't like it? |
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daddyporky@verizon.net
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you cant go wrong with buying a house... you have excellent credit paying off the loans.. put it this way.. if you cant pay your rent because you lost your job.. in a month or two you are homeless.. but if you buy a house you have over a year to catch up .. penalities of course.. and the house allways goes up in value... and you can fix it any way you want.. dont buy a house in philadelphia.. go to springfield or morton or come over here to jersey.. you have to comute but your life is not in danger.. and lesss chance of getting robbed here... ok gilermo..missed something if you are a gi you only need three percent down.. and the bank wants you to have enough so you wont walk away from it usually one third or less.. you can get a sales agreement and start paying now until you get your one third.. please dont give up.. |
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mbrcatz
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That's not a valid comparison. Just like anything else, living somewhere is NOT a matter of "timing your investments". And frankly, if you're making $40,000 a year, you can't AFFORD a $200,000 house.
Most lenders would lend you, with no debt, up to three times your annual salary. So you'd get a LOAN of about $90K.
Keep in mind, it's not just about the mortgage payment (which, for a $200K house, would be $2,000 a month), but also insurance and property taxes - another $1,000 a month in Philly. So, your BASE expense will be more than 3X the cost of your apartment right now. Or, in other words . . .about 75% of your takehome pay is what you need, to just pay the house. Not counting food & utilities.
You can afford a $75,000 house. If you're going to live in Philly for the next five years, and can find a house for $75K or less, I'd buy it. |
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