 Realestate agents? Are you the one who is supposed to find the lender or is the buyer? |
| I live in NC. Im not sure if that matters. Anyways, my friend is looking for a house and he has gone with someone who has just finished up their realestate classes and recieved their license. The ... |
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 Is this house gorgeous? |
| what do you think about this house(http://122kilkea.com). Is it gorgeous? Is it worth it? Would you consider it a large house, mansion, or mini-mansion? I think stylist to the stars Monique Rychtr ... |
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 Have Brits got no sense of humour!? |
Look their in such financial s**t all that is left to do is laugh!!!
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T5 went well this ... |
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 Can anyone help save my home? |
| I have been living in my rented home for 5 years and my land lady now wants to sell.She has offered it to me and the other tenant for £40,000 under market value (and this is a realistic market value ... |
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 Is a landlord or tenant responsible for funding replacement of contents damaged by the ceiling collapsing? |
| We are in rented accommodation and our ceiling just fell down in the lounge causing damage to some of our possessions, such as our TV, PS3, rug, couch covers, throw and pillows. We have provided a ... |
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 A tenent doesnt want to move from my property, after the end of the lease.? |
This is the 3rd time im asking this question, Im not asking about court removal, can you please answer the last question in my post.
As i said in an earlier question I live in PA and Im a ... |
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 How much per year do you pay for property taxes on your house? |
Additional Details
Just curious..Me and my wife have a house in Mexico and pay about 330 Mexican pesos a YEAR which is about $31.00 US dollars ! The house is appraised at $110K...... |
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 Can you buy a house when you don't have any money for a downpayment? |
| My husband wants to buy a house. He's been approved for a 700,000 loan. But he doesn't have any money for a downpayment. He keeps saying that first time home buyers can get a lot of help.... |
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 How to divide rent between 4 people in a 3 bed home when 2 of the tennants are a couple? |
| The monthly amount is currently 1300 euro 1 tennant pays 350 euro 2 tennants in larger rooms pay 475 euro each. What is a fair amount for the 4th person to pay as this tennant would be sharing with 1 ... |
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 Can I change the locks when renting a home. My landlord is making threats!? |
| I feel like I must change the locks in order for my stuff to be safe. I know that they have already been in my home and searched thru my things when I wasn't home. Also their brother in law is ... |
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 Does my landlord have to provide me with smoke alarms? |
| I live in a one bed flat on the first floor with only one excape route. The flat is not purpose built. We live in the county of Oxfordshire.... |
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 Deny rent because heater in bathroom is broken? |
| Can the tenants stop paying rent because the heater in the bathroom doesn't work?... |
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 Should i pay my rent up for 6 months is that a good thing to do ? |
should i pay my rent up for 6 months ? people tell me no i should only pay for 3 months.. if something happens can the landlord keep the money
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i wanted to be ahead on ... |
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 Can landlord prove that damage was not there when I moved in even if they don't have before pics? |
| My landlord is suing for damages that she claims we caused. The dishwasher leaked through the floor. It was leaking when we moved in. We only used it 4 or 5 times. There is no way we could have ... |
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 Should I plunk down $400,000 on a CONDO that has not been built yet ?? |
WOW, the CONDO market in Toronto Canada is HOT, HOT, HOT !!
I've seen over 200 people waiting in line for the lucky opportunity to be one of the few people to put down $400,000 or more on a ... |
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 I want a house!!! Any advice? |
| Me and my husband want a house so bad but we are in a finacial struggle right now and have dwindled our savings. We have a child so we are really working with one income. I only work partime. Any ... |
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最下ã®è²¢çŒ®è€… | Why do people think they are home owners when they never even get close to actually owning their home? |
People flick their noses at renters, yet in reality for most 'home owners' they never actually own the home. They merely pay interest most of their lives. Possibly by the time they are 90, they might own their home. But most people die before actually owning. What's up with that? At least with renting, a landlord fixes your stuff for free.
I'm talking most people here. I know there are exceptions.
Additional Details
Why is everyone assuming I'm a renter?I'm actually a so-called 'home owner'. But I don't flick my nose at renters, like others do.
Some of you people assume way too much. |
 |
 
MJ2
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i was once a home owner and finally found out that you do not own them until you work 30-40 years and paid it off.
but you still have to pay taxes,utilities association and school tax.
I lost a job ,give it up but lender foreclosed it and move out of state and enjoy paying rents and have time for party.
renting or payments 30yrs.? both are sad thing to think. |
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Tedd
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Here's a correlative inquiry: How can we assert that people are homeowners who live in states that have property taxes?
For Damn's sake, we need to find alternative funding sources for schools and the like. Property taxes are piracy with a pretty, yellow bandana.
Even if you finally do pay for your home, you will lose it lest you remember to pay your annual piracy shakedown.
It's BS and you know it. |
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Ask M
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when that happens, just remind them how many more years
of mortgage payments they have, how many applicances they might have to replace, the gardening, the mowing,
the painting, the roof, the upkeep, the debt that they are in,
and all it takes is a job lay-off, a car accident, health issues
or all the debt they incurred trying to keep it and then they
are losing their house to foreclosure or liens and then they
are on the street. So let them flick their noses. You probably have more cash saved up then they do. I like
cash !!!! Being debt free and renting and not paying
for repairs of water heaters, roofs, and applicances, rugs
shower leaks, water leaks, leaks of any kind. Hopefully
their house will be paid off by retirement and hopefully
the house is worth double than it is know. But I'll have
that much saved up already and with no headaches. |
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362436
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Because they are in the process of buying it. But you are right technically they do not own the home. |
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Steve
 |
But if they have insurance their heirs own it when they die. When you die in an apartment, they just take you back to the dumpster, evict your family, and get new renters. |
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Karrose
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They own the equity they build up. Most homes increase in value so when you sell you get the increase in value. You also get to deduct your interest at tax time. Renters just give and get nothing.
Most people do not die before paying off their mortgage. Many people have 15 year mortgages.
We paid off our first house and it sold for more than three times what we paid for it 20 years later. |
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Kaptain Krakatoa
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I'm a homeowner. Most mortgages are for 30 years, so most people are able to pay them off by the time they're in their 60s, not their 90s. Homeowners really do own their homes, though. After all, you can't sell what you don't own, and people with mortgages sell their homes all the time. I don't think homeowners really thumb their noses at renters, anyway. |
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matarc
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Most loans are for only 30 years or less...plenty of time to finish paying off a house....probably most people you are talking about get multiple morgages to obtain cash to invest, pay off debt, or fix up the their home...so these people are the ones that will most likely not own their home before they die. Even though you initially only pay a little in comparison to the interest, when the property value increases, you will have more equitable income to borrow against.
For example, I bought my house for $63k. I have had it for 8 years, the prinicipal is down to $53k; however, the houses in my neighborhood now sell for $100k...my equitable cash value would be $47k...quite a profit...to either sell or refinance; however, unlike the majority, I am wanting my house paid off and will not get a second or third mortgage. |
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glenn
 |
If you ask the bank, they have no interest in owning the house. They simply want to make money from loaning the money.
The first house my wife and I owned we bought for $42000 and sold two years later for $60000. We paid off the loan and closing costs and had thousands in our pocket.
If I was still making those $425 house payments they would sure be less than all the people renting those same houses right now. (I happen to own the house next door and rent it to a couple for $925)
In the Jimmy Stewart movie "It's a Wonderful Life" there is a wonderful speech about why someone should be able to borrow money and buy a house to raise their family in. Over this Holiday season try and find the time and watch it.
But no one should look down on you simply because you choose to rent rather than buy. |
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William H
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If you have the deed, then you own it. If you own it, you have equity, you have continuity of ownership for your family. If you own it you can sell it and realize your equity.
Renting is fine if you know you will live in an area for a short period of time. |
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src50
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I don't think you assumptions are correct. |
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abiss
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possession is 9/10s you get the tax advantage, you pay taxes, and you can do pretty much what u want to with it ..you dont have ask permission to do changes when you sale you leave with equity money when you leave your apartment you get swat and they keep your cleaning and pet deposit... |
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daeve930
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The owner is the person or persons named on the warranty deed. The lender only has a lien against the property, but they do not own the property.
If someone if flicking his nose at you, he isn't worth the time or trouble to worry about him. |
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Mary M
 |
67% of homes in the USA are owned free and clear. Amazing! And by the way, we own the equity. :) |
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Dacious P.I.
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Ya know, I've owned properties for years. I'm sick of being a landlord. And I'm sick of owning my own home. If I would ever get another home, I would RENT. I have NEVER made money off buying/selling a house. It all goes to interest, taxes, insurance, repairs, non-paying tenants. And I've paid cash!! By the time you sell a house, you'll never get the dollars you have put into it. It's a no-win game. I'll rent next time and not waste all my money. I'll let my landlord do it all. I could put my grandkid thru college! |
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Open Book Advisorsâ„¢
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I had to address this one......
Ok some questions just arent worth trying to educate but I had to address this statement......
>At least with renting, a landlord fixes your stuff for free.<
LOL if you are the one that is paying the landlord......how do you figure that repair was free? As a matter of economic facts, if my tenants pay $1000 a month to live in a unit. My total cost is $700 a unit. I bank $300 per month for 10 months. That is $3000. Month 11 and 12 you call for me to repair plumbing and heater to a tune of $275. Now for 12 mos I've banked $3325. and you got free repairs? ooo ok...
But the way I see it your repairs just cost you $3600 for the year and they cost me $275 which I can write off on my taxes.
Buyers have the opportunity to lock in their monthly outgo whereby you have no control over rent increases without demoting your lifestyle and living in a lesser place with each increase.
Owners also have the luxury of living in a nicer area. The more owners there are generally the better the area. A high rental area often is reflected in the "lack of ownership" attitudes.
The "its not my yard" mentality makes rental neighborhoods obvious.
Your thinking may apply to some who don't understand money. But you're not thinking of the people who watched their values increase (rents have no value increase) sold and bought outright in another area. Or those who have no mortgage because their home is paid off.
There are those who refinance their equity so often that they will never own anything, true. May not everyone took that same finance class.
Some of us truly appreciate lifetime renters such as you.
The more people who 'don't get it' the more security I have in my rental income increasing. My rentals are on 15 year loans. After paid off, that is 100% income while I sit on my butt waiting for a tenant to call me to do a free repair.
Might I suggest listening to http://www.daveramsey.com .
Renting should be a means to and end. Not a lifestyle choice.
You don't realize it but taxes increase. If that rental you live in is paid off, the landlord will still have to increase rent to cover the tax bill on it every month.
Your paying a mortgage ....... whether you own it or not.
Most landlords taste in decor and carpet, lino is cheap, cheaper and cheapest. Not what I want to live with...but some don't mind.
Good Luck |
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