 Is it normal for a lender to ask me over the phone what my citizenship status is? |
| After I spelled my name (which is African), this lender asks me what my citizen status is. I've never been asked this question before by any lender. He told me because he wanted to know if i ... |
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 Kicked out less than 20 days to move out ,do you know the laws .? |
| This is a deal to purchase after a year ,not even been here a year yet never missed a payment ,saying he is kicking us out because we have not gotten home owners insurance or paid taxes yet .ok we ... |
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 Can my landlord do this? |
| My finance and I lived in SC, but had to move to NC for his job. We got someone to take over our lease. Our landlord said that was fine and had the new tenant sign the papers. Now she is calling me 2 ... |
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 Are 100 year old homes built better than newer homes? |
| Is it really true that homes built long ago are built stronger and with better materials than homes built more recently?... |
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 Do you think 21 is too young for a single woman to buy a house? |
of course, she IS earning enough to borrow the money and make the repayments
Additional Details
boyfriend thinks she will not be able to cope with the committment and the bills ... |
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 How can i protect myself from apartment staff who hate me ? |
Okay here is what’s going on,
I move into an apartment that I thought was great until I live in it and everything started breaking. I call to have the stuff fixed but they never fixed the ... |
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 Is this legal in a lease?? |
| I just signed a lease for a years apartment. Well as I was reading the lease when I get home (my copy of the the real one that is) I noticed that there is a clause I didn't see before in the ... |
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 Is it normal to cook for my boyfriend every night if we live together? |
| We live together, he takes care of my 3 homes maintance & grass, and I cook just about every night, and sometimes even for his friends-but heck when I cook for his friends, he has to clean the ... |
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 Should people be allowed to own two or three homes? |
| Just because people have money, deaos this make it right for them to own two or more homes, when there are lots of young couples desperatly seeking a home, but have been frozen out of the market,... |
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 New Home Loan Denied by Builder's lender- Give up or keep trying? |
| I put a contract on a townhouse/condo in April with an earnest deposit of 5K. I did not have a credit score, I make good money and have been employed for a long time, My parents are putting down a ... |
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 Can you believe they want this house destroyed? |
http://einhod.blogspot.c
its the fifth story down, i know he built it illegally but its so beautiful
it'... |
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 Anyone worried that they will never be able to afford their own home? |
| House prices seem to be rising way above inflation every month. Is anyone else scarred that they may never be able to afford their own home?... |
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 Buying your home outright? |
| Having enough money to buy a house without mortgage...is it better to do just so?..or would it still be better getting a loan?... |
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 How much does a lot cost? |
| A lot that is 200'x200'x200'x200'... |
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 Is it okay to go through life without friends? |
| I am not good at making friends or keeping friends. I call myself the loner. I really don't think I need friends. Is that okay?... |
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 My boyfriend is thinking about taking out a mortgage......? |
| I am personally in the middle of a bankruptcy, so I know I would not be able to get on the mortgage. However, I am going to help pay for it because we know we will be spending our lives together. Is ... |
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Tissa | Why aren't there more homeowners under 30? |
There are so many options available, and it's always better to buy than rent..even when in college. Why aren't young people inquiring or taking advantage of these options?
Additional Details
I bought a condo in college - it was $30,000 and I came up with $3,000 - credit was not an issue because I had a credit card for a year and my parents said I paid rent for a year. I had a part time job which earned me $800/mth - enough to pay the mortgage, as well as I took on a roommate. When I graduated, I rented to the condo for the first year. I have since sold and made a whopping $100,000 profit. It's not an advantage in all markets, but at least inquire! |
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reccmike
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home ownership is very easy IF you were brought up to think like that.many folks were brought up in rentals and they are very happy to live that why .you have no land taxes no up keep bills .and if you want to go the market does not matter when you rent .so it is my opinion that folks rent and not buy because it never crosses there mind that they could buy or they like the freedom and restrictions of renting .i have own a home ever since i was 19 i am 46 now .my oldest daughter just bought her a home at 21 and my other daughter owns a home with me and she is 19.keep your credit clean and Bank well through threw money at your feet |
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obrian93
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It could also have to do with the average age people enter the workforce, then the amount of time it takes to build savings/credit to buy. Also, buying a house is a GINORMO commitment. In my twenties, I wasn't much interested in in planning things in terms of decades. |
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gigi
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My husband and I bought our home almost two years ago. We are 26 and 28 years old. |
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katiara2@rogers.com
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Sometimes the commitment is not what young people want at that time in their lives. They may want to be free to move around and experience living in different places. Buying and selling both cost money. |
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sunshine25
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good question |
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nameer
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b/c they look for renting a one room appartment to have fun with girls!! u know |
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Judy1
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There are several reasons - a big one is lack of money for a down payment, or credit rating to get a mortgage. Also, young people might move to a different area - those in college are especially likely to do this for a good job after they graduate. Having a house when you're moving in a couple years is NOT necessarily a good deal - it might be a hassle to sell, and you can very likely lose money on it if you have to sell shortly after you bought, or have to sell quickly.
Another thing is that young people don't necessarily want to be tied down to anything that early. |
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lilmischangeable
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Because they live their life to the full then so they are broke they only can afford to get a house before 30 only if someone dies and they leave them a large amount of money |
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polskajason
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you still have to put a lot of money down, you have to have a cosigner, and buying is *not* better than renting when property prices are going *down* (and that's exactly what they're starting to do). |
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ohnoslen
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It depends on what area you are looking at. If you are reffering to the San Francisco Bay Area, some families can't even own a home! If you are reffering to some place in the middle of nowhere Kansas, I'm sure I have enough pocket money to buy plots of land, but would I want to live there where Taco Bell is considered the "nice" restaurant. |
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s_kitten_48001
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well, have you looked at the economy lately? Most people under 30 are either in college or just barely making a living. At least in the United States they are. |
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i_hate_subway
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Because most people under the age of 30 do not have good enough credit to get a house. I am a college student, age 23, and have tried to get a house and am always turned down. Plus, I am receiving student loans, which I will have to pay back over a period of 10 years, but I have to start making payments 6 months after I graduate. So, if I'm going to pay back my loans, I can't afford a house, anyway. The only way to do it is to work up your credit, which will take a while. Therefore, people over the age of 30 have had time to work on their credit, and most 30+ are done with college and all paid off, etc. etc. |
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reallyfedup
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I think because people are so self centered and shallow nowadays they aren't planning on marriage and family and so they don't want to bother with the committment of a house and the additonal costs and space they really don't need. |
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lelamae939
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harder to get a loan at such a young age..and come on who wants their parents to have to co sign to get a home...that would be defeating the purpose of leaving home |
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mister_fin
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I am under 30 and a homeowner. The market is very high right now to buy housing. Most under 30ers are still paying off college and credit card debt and have no clue how to budget and properly save up for that down payment.
We may see a reverse in that trend pretty soon as housing prices are starting to drop. |
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Amanda S
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I live in California. California where a 2 bedroom condo is appraised at half a million. When you get out of college, unless you are a lawyer or a doctor and your parents paid for your college so you don't have any loans, its not feasible to buy a house on the pittance they are giving college graduates these days. Most college graduates i know, are living with their parents working a part time job because the field they have their degree in says that though they have the degree, they lack experience. So they work part time jobs gaining experience, before they even qualify for a full time job in their chosen field. Then after a year or two working part time, they qualify for bottom of the food chain full time job, starting at $36,000 a year.
Hardly enough to buy a house on. |
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Thumbs Down Meanie
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They are dumb, they would rather spend $30,000 on a new mustang that put that down on a house. Its better to get a house before you have a chance to ruin your credit also. I bought land right out of highschool, way out in the country, I put $500 down and paid $198 a month for 4 acres, I got enough money to pay it off 2 years later, I held on to it, the county paved the road it was on and the property value doubled. I tried to get others to see the light, or to go in with me on some other deals, none would have it. Someone has to dig the ditches is what my dad always said... |
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Steve D
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Perception probably. Some may want the flexibilty of renting and not settling down. Some may not be able to make the down payment or income levels requirements.
Others may be too busy having fun or on-line to get serious about the long term economic realities of picking a place to live ... |
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Myself
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Because their young they might want to live somewhere else |
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