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4
votes
2answers
144 views

Where to save money in preparation of buying second house?

We just purchased a house last year with 20% down payment on a 30yr fixed mortgage. Everything finally settle down (remodeling, new furniture etc.) and we're on track of saving again. We don't have ...
3
votes
4answers
243 views

Is investing in housing considered an adequate hedge against inflation?

Does the price of a home or apartment generally increase, at least, with the rate of inflation in the United States? Could such a purchase be viewed as effective protection against inflation?
6
votes
2answers
113 views

If the housing market is recovering, why would a REIT index ETF (e.g. VNQ) not be performing well?

As you can see below, the Vanguard REIT ETF fund hasn't been doing very well for the last 6 months, but the housing market seems to be improving every month. Why do we have this difference? VNQ ...
1
vote
2answers
81 views

What sustains residential real estate prices in California when household incomes are low? [closed]

I have a question which assumes the accuracy of two links (here, for median income, and here, for median home price, both of which are in California). I'm going to make an erroneous assumption and ...
3
votes
1answer
112 views

Is it to my advantage to refinance with an LPMI option (Lender-Paid Mortgage Insurance)?

My fiance and I bought a house in April 2013 using a FHA loan, 30-year fixed. We only had to put down 3.5% so of course a good bit of our monthly payment is PMI. I got a call today from the same ...
0
votes
1answer
74 views

What is the best way to borrow money to consolidate our multiple outstanding mortgages?

My wife and I are in our early 60's. What We Have We have a condo that is upside down. It appraised at $110,000 and we owe $105,000. The going market rate is $85,000. We pay 5% for this loan. Our ...
5
votes
2answers
239 views

Explain: “3% annual cost of renting is less than the 9% annual cost of owning”

I was reading this: http://patrick.net/housing/crash1.html and found this statement by Patrick: 3% annual cost of renting is less than the 9% annual cost of owning the same thing Source: ...
5
votes
2answers
181 views

What are some strategies to determine how much I should spend on rent when I have a lot of savings?

I'm fortunate enough to have saved a lot of money over the years, and have nothing specific that I'm saving for (it will be at least a few years before I start a family). This is great of course, but ...
-3
votes
2answers
163 views

What happens when a home is worth less than the amount the owner owes on the mortgage?

I hear that price of a house affects the mortgage on the house. For example if the price of the house goes lower than what is owed, debtors will have a risk to deal with. I am not sure why this is ...
0
votes
0answers
106 views

How can I hedge against local home value?

I'd like to hedge against my neighborhood home value. I'm not terribly concerned if the overall housing market fluctuates, since if I move and sell my home for less, I can buy a new home for less. ...
4
votes
1answer
85 views

Can I invest in the housing market via the stock exchange?

Buying houses is expensive these days, and interest on mortgages is extortionate. Do investments via the stock market exist where you can invest in the housing market? Maybe shares in real ...
2
votes
1answer
155 views

Relocating and buying a house simultaneously - How to handle pre-approval on fluctuating yearly income?

The background is as follows. We are currently renting and want to buy our first home as we are relocating for a new job. My new job starts 1st June 2013. My current job ends May 31st 2013. My yearly ...
4
votes
1answer
141 views

Next option(s) after house is not selling on market?

Lets say I have a house which is pretty old and is not in the best neighborhood. I put in on the market and for one reason or another, even after dropping the price substantially I cannot get it to ...
9
votes
3answers
463 views

How can I realistically compare the Cost of Living for two locations?

I've recently applied for a position with a company and I think I have a fair shot at getting a job. If hired, I should have the option to move to one of two locations. However, I'm having a tough ...
5
votes
1answer
71 views

Apartment donation or gift for foreigner living in US

Some of my relatives would like to donate or move an apartment on my name. However, there are a few things... I am a Romanian citizen living in the US (on a non-immigrant visa) The apartment is in ...
3
votes
3answers
517 views

Why could rental costs for apartments/houses rise while buying prices can go up and down?

In this U.S. city, I have the impression that the rents of apartments and houses always go up, say, about a 5% per year, while the prices of buying them fluctuates throughout the same years. If my ...
3
votes
1answer
2k views

Tax implications of corporate housing

If my company provides corporate housing for me, am I required to claim the rent amount as income for my personal earnings? And is that taxable income? I'm trying to figure out how I can leverage ...
3
votes
1answer
159 views

Use my savings to pay out my mortgage on my rental apartment?

My rental apartment at this point is making me a 5% ROI per year. My bank is currently charging me a 5.87% Interest rate on the mortgage, which means I am putting from my pocket to keep this apartment ...
2
votes
2answers
142 views

Losing equity on a house, any feasible options?

I have had my first house for almost 3 years now. I have refinanced once already and I am about to refinance again. For this one I needed to get a new appraisal, which was expected. The only catch ...
1
vote
1answer
166 views

What needs to be considered when taking over a 2Br alone and living with a roommate

My housing experience has been me and my roommates signing leases with our landlord together. I am going to move soon, and am interested in a 2br apartment with $850 rent. The landlord of that ...
9
votes
1answer
943 views

How do Islamic Banking give loans for housing purposes?

Islamic banks do not give loans they invest in financial activities of their clients. Am I correct? If yes, then how can they provide loans for housings? Home loans have nothing to do with business. ...
9
votes
2answers
231 views

What investments are positively related to the housing market decline?

What investment sectors/areas generally go up when housing prices decline?
2
votes
3answers
141 views

Is it generally better to buy a property when the housing market is in a downtrend or an uptrend?

I've been pondering this question for a while. If I buy property when the market is in a downtrend the property loses value, but I would lose money on rent anyway. So, as long I'm viewing the ...
15
votes
7answers
1k views

How can a person with really bad credit history rent decent housing?

My ex got evicted out of her apartment for non-payment of rent. This didn't entirely take me by surprise, as she is financially pretty clueless. She attempted to rent another place but given her ...
9
votes
2answers
179 views

Are Shiller real-estate futures and options catching on with investors?

Robert Shiller introduced an approach for reducing exposure to macro risks using real-estate derivatives. He created a successful housing price index with help from Karl Case, the S&P Case-Shiller ...