 My apt. was robbed; Apt. mgr was evil and did not care; I broke my lease; now a collection agency says? |
that I owe 3x more than I really do...
What can I do in this situation? I have no reason to fight w/ the apts since the "debt" has been sold to a collection agency. So do I ... |
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Rent for our 6 person, 4 bedroom apartment is $2950 per month.
How should we split the rent per person?
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| I have roaches in my current apartment. There aren't a LOT of roaches (I have SEEN 5 or 6 total within 3 months, 4 or 5 alive and one dead, but where there are 5, I'm scared there are 5,000)... |
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 Tenants Rights? |
What are the tenants legal rights?
We are moving out of our rented flat in a month and our landlord would like to show some people around. Is he legally allowed to show people around ... |
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 If i wanted to get into real estate but have no money how can i go about purchasing a home? |
i always see those programs on tv. or there are goverment help to help those who want the know how on how to start a business with out starting out with funds.
do you have any suggestions ... |
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 My mortgage company transferred my loan to another company under questionable circumstances. Any advice? |
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| She rang the doorbell, however my girlfriend didnt hear it. So the lady enters the apartment and sees our cat. We are not allowed to have animals but she came in without any notice at all. The door ... |
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| I am selling my house. How do I pay real estate agent fees if there is nothing left after the sale? |
| I am selling my house but will likely just barely get what I owe the bank for it. I am going through an agent because I just do not want to sell it myself, for various reasons that are not important. ... |
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| My house is on the market and a for sale sign is outside. I recently got a letter put through the letterbox from another estate agent telling me that I should be aware that my own agent had gone into ... |
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| i wanna move so i can leave my patents place I'm 16 years old and i wanna ... |
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| I live in the Bay Area, Calif. My property is on 1 acre. My neighbor has build a shed that is on my property without consulting me. We are friendly w/ the neighbors. What do you recommend I do to ... |
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 How can i find out who owns the house next to my house? |
| i have a neighbor who won't mow his yard. he rents the house next to mine. i own my home. how can i find out who owns the house so i can call his landlord and tell them that he isn't ... |
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 Do you normally need any specific training to be a real estate agent? |
| My boyfriend is moving to my town and needs a job fast. He is great at talking to people and good at sales. He dropped out of college though. Could he work for a real estate agency? There are a lot ... |
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 Buying 1st home? |
| I am making a bid on my 1st home tomorrow. Should I bid asking price? Also, would it be ok to ask the seller to pay the closing costs? And can I also request things like a new stove? Or would that ... |
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 They are trying to back out of our offer and acceptance? |
Made a offer on house they accepted and signed a offer and acceptance. Now they say they need more money so they can move out of state. What should I do now?
Additional Details
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KJ | What percentage of your net income should go towards a home mortgage? |
Lets say you have $5000 coming in per month, how much is a safe amount to spend on a mortgage, while still saving some for car payments, other loans, insurance, groceries, emergencies, etc? My dad said a 1/4 of your net income is a good idea per month to spend on your home payments...agree? disagree? |
 |
 
itsjustme
 |
Your father is exactly correct! Listen to him! The people on here that recommend, 33% as a mortgage payment are also the ones who have contributed to the mortgage crisis in this country today! 33% of your net income is too much. It doesn't leave you any buffer. |
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estielmo
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The guiding percentage used to be 25 but was commonly altered to 33.
But you need to sit down and figure out what YOU can afford and how tight you are willing/able to live.
Never buy more house than you can afford NOW. |
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Nick
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I think the average is around 20-25%, but you should figure out what you can afford before buying. |
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Marysue
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33% is usually the max anyone recommends, but 25% is much safer. My mortgage payment is about 20% of my income, and I find it extremely comfortable. |
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Josie826
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I agree with dad, 25% is a good figure. Anymore and you will be financially strapped to the point where all you are doing is working to pay your mortgage and other bills and having nothing extra to play. One other thing, will your house payment include your taxes and insurance or will you be saving that monthly and paying it when it is due? We pay approximately 30% for our mortgage, which includes our property taxes and house insurance. |
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Sahara
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I absolutely agree with your dad. 25% is perfect. It's very hard to do these days because of high home prices. It's not uncommon to see people with 33% or even higher mortgages/income. I would do all you can to stay out of that situation though. |
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af
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I think most mortgage calculators tell you to look at your gross income for some reason. My dad would have the same advice as yours, only my dad bought a house 13 years ago for the piddly price of 200,000. So of course that would be reasonable back then.
Either my part of the country is way overpriced, or I make too little money. I would fully expect to pay half my monthly salary for a no frills 300K house. |
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Bobo
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I agree with about 25%, especially if you might have car payments and other expenses. It is also a good idea to have a cushion in savings, so when an emergency comes up you can cover up to 6 months of the mortgage payment. |
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Oswald W
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One can only honestly say that this would depend on the amount that is left over to meet all the essentials, other Bills and Food.. If one is on a small income the greater part of that income will be taken up by Mortgage |
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