 Why rent?..still does not make sense, ...? |
| even though being a 'renter' is less responsability you NEVER finish paying the landlord. Of course being a home owner, you pay property taxes and insurance...but you get to write it off ... |
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 Seller wants to stay past closing date... how much to charge? |
| I know it is mainly an individual's choice on how much to charge if the person you are buying a house from puts in a request to remain in the house a few days longer. I would just like to hear ... |
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 I own a house with my boyfriend and i want out of the house and the relationship. Can i sign the house over? |
| i am 24 yrs old and my boyfriend and i bought a house together 18 months ago and now i want out of the relationship. With the market how it is right now it is almost impossible to sell. I want out ... |
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 I need to break my lease!! how can i do that?? |
| Im in a lease at my apartments but the crime is getting real bad. my car got broken into and one of my good friends got raped near where i stay. there has been a big rise in crime since i have lived ... |
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 Refinancing with poor credit? |
| I am in an adjustable rate morgage, I have been for 3 years now. It is a 80/20 loan. Paid 115 and it similiar homes are going in the high 130 or low 140. My credit scores are 559 at low and 585 at ... |
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 How does a foreclosure affect a co-signer? |
Hi,
I was just curious of how you can save yourself, as a cosigner, from a foreclosure?
Does anyone have any idea?
Thank you very much.... |
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 Landlord/realty ignoring phone calls for maintenance requests. What to do? |
| What can be done if the landlord who is actually a realty is ignoring phone calls and voice messages left to them? There were more than four instances within the span of 6 days and they won't ... |
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 If you were facing foreclosure, what would you do? |
| Would you use Google to find a company to save your house or sell your house to? Is there a particular site you would go to?... |
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 I bidded on a house and now I cant afford it what do i do? |
| The other day I went to an auction and bidded 20000 over budget. The real estate person was really hassling me and I dont know why but I paid to much. I have not signed anything and I have not paid a ... |
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 Mortgage ? |
Can I cosign on a mortgage when I have no credit? As in no bad credit, no good credit?
Additional Details
I would be cosigner. Hubby is the major bread winner.
I have never ... |
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 Rent increases? |
| My landlord increased my rent twice already, once every 6 months since I moved to my apartment. Now they want to increase the late charges from $50 to $100! a couple of months ago we got a letter ... |
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 When a tenant gives 'written notice' when wanting to terminate a rental agreement. Does by email count? |
| We want to move out asap. The contract states 1 months written notice (nothing about it being signed). I emailed about 2 weeks ago, can I now write a signed letter and back date it?... |
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 Is there a sales tax on buying real estate? |
| If you buy a house, do you need to pay a sales tax on top of everything else?... |
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 I want to refinacne my mortgage in CA, are you a loan officer? |
| I got a 7% F mortgage for 15 years and i want to refinance it because i want to take out cashout of 90000 out of my equity of $250000. My credit score right now is 692. I want to contact some good ... |
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 Can a landlord raise the rent any amount he wants in a private house? |
| So far he has tried to raise my rent 100 every year since I moved in! I have no lease but isn't there some kind of guideline he must follow as a landlord?... |
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mmct21 | Why rent instead of own? |
Why does it seem like more people (in US at least) are renting apartments these days? The apartment buildings are getting fancier and higher priced to appeal to more people, but my hubby and I are still in our 30's, have only a couple years left on our mortgage and will then be only paying prop. tax and upkeep (less monthly cost than renting would be) and we can decorate our house as we want - have a pool, yard, pets, etc. And - if we sell, we get the profit! So - why all the renting? |
 |
 
SAK
 |
Yes, a house is nice, do what you want with pets, pool, etc. However, homeowners also have the responsiibilities of the upkeep of their own property. Hot water tank repalcement, other plumbing issues, mowing and upkeep of the lawns, and flower beds. Not only do you have mortgage payments, electricity bills, etc., you have to pay water, sewer, garbage. Property taxes keep going up for the dirt your house sits on. And, you have to sell the house before you can move. As for apartment renting, the rent can be in a person's budget better, not always have to pay extra for water, sewer, garbage. Nor have to pay for replacement hot water tank, nor upkeep of the property outside. And, the people have the right, usually after the lease is up, to stay where they are, or opt to move to another location. And, these days, some of the newer apt. buildings have washier/dryer hook ups in the individual apts. Or they have laundry rooms on the property.Plus, one other thing. If a homeowner has a complaint regarding a neighbor, what can be done? It's harder to remedy that then at apt., a person can report a complaint confidentially to the manager, and the manager takes care of it the proper way. There are benefits on both sides, it just depends on the person(s) and their preferences. I hoope this helps you on your question. Take care. |
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Puck
 |
Flexibility. Buying a home is a long term commitment.
Bad credit. Let's face it, lots of people have it.
No money for down payment.
Job security. They don't know if they'll make a career of their current job. |
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Steve
 |
Becasue housing prices have appreciated faster than the average salary. |
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John N
 |
Most think that a home is a person's best investment since it appreciates in value and, like you said, once it's paid for, it is yours. However, in so many areas, real estate values have gone through the roof (no pun intended) and the average person can't afford the above average housing. That's one reason.
Another reason is that some people just don't like to be, or due to frequent job transfers...military...global corporation, etc...can't be tied to a single location.
A third possiblity is the new idea that a home is not an asset but rather a liability...read the "Rich Dad Poor Dad" series. A home, even if paid for, takes money out of your pocket in the way of taxes, insurance, upkeep, etc...whereas investment property does not since someone else is paying these items for you.
Personally, I think the ideal would be to own a duplex and live in one side...would still be my own and I could decorate etc...but have somone in the other side that is helping to pay my mortgage.
Anyway...got off on a tangent there...hope that helps. |
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uneak162801
|
A lot of people can't get the loan to buy or I am sure they would. Some people do not like the responsibility of doing their own upkeep if something goes wrong with their place of dwelling. |
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forestpirate
|
For myself:
I don't know where I will be in several years, so I like the flexibility.
I also don't have the money to put a down payment on a house.
My wife isn't working, since we are working on getting her immigration papers, and there isn't enough money to pay a monthly morgage, property taxes, power bills, water bills, etc.
I would perfer to own a house, since the money I'm paying in rent would be draining into my property, but it isn't practical at this point in time. |
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Terri
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Putting down roots is a BIG change. Renting allows for moving around a bit to see where you are happiest.
There are those who cannot afford a downpayment and whatnot on a house, or their credit is really horrible. So they rent. |
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linda bug
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Because some of us aren't as fortunate as others and we HAVE to rent because we would never be able to afford to buy a home and we are now renting a mobile home and see that we have no other choice,but to rent forever! |
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DaBossMan13
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People that rent don't have the money and the credit to get loans from the bank to purchase a house. Another reason is apartments are everywhere, you can get a place really close to where you work. I think it's a matter of where you at in life (financially and sometimes lifestyle). |
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Jessica B
 |
al lot of people have bad credit or cant afford to buy a house.plus when you are renting if something breaks somebody else fixes and/or pays for it. also thier are no property taxes to pay for. thats a plus.however like you said on the sown side most cant have pets, and you really have to trustyour nieghbors, like if in case of a fire, you are more likely to get yourplace burned down as well, seeming they are so close together. but every person has a different story and reason as to why they choose to rent or own |
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Angel_Blue
|
Having been a homeowner for over 30 years, I can tell you the number 1 reason people put on the brakes when it comes to owning a home... fear. People are afraid of what they THINK owning a home is about.
It's an open secret as to the benefits of owning a home -- I often tell my friends it's like cruising. If you've been ON a cruise, you understand the whole spiel about what a great gig it is -- if you've never been on one, you just don't see the bigger picture.
That's what owning a home is: it's the bigger picture. It's more than a water heater, planting flowers, or mortgage payments... those are things that renters tend to dwell on. HOMEOWNERS understand the fine print details... like getting a juicy refund from the IRS come tax time.... mortgage interest ALONE can add up to a huge deduction.
[This year I'm getting over 2K back from mortgage int. ]
Another biggie is if you run any kind of service or business from your home, setting aside a specific space for work. A homeowner is allowed to deduct a portion of everything that goes into running that business. A/C and heat, water, electric, Internet access if you use your PC, equipment and furniture, gas... even repairs and insurance on your car if IT'S used for business... the list goes on and on.
Guess who collects a refund at tax time if you rent? Your landlord! Talk about raking in the dough. EVERYTHING a landlord does that is directly related to his job -- is deductible... everything.
But all that aside, owning your own home puts YOU in charge of your own destiny. I LOVE that perk. If I want all my bedrooms to have walk-in closets... my entire lawn to be the best on the block... my dog able to roam the whole yard due to a new fence.... a back yard orchard ... one of my neighbors grows grapes, I have apple trees... to put in a mini waterfall complete with waterlilies and frogs... or just to have the best tasting barbecue on the block... I can do what I want.
Of course I take care of my stuff. And the best part? No landlords bossing me around. I love it!!! |
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