Linked Questions

18
votes
5answers
6k views

Why is it good to borrow money to buy a house?

In most cases of purchases the general advice is to save the money and then make the purchase. Paying cash for a car is recommended over paying credit for example. For a house, getting a mortgage is ...
3
votes
4answers
1k views

How to know if buying a house is a good investment?

Similar question: In general, is it financially better to buy or to rent a house? which you can see the returns they are getting Ok, so I'm wanting to know how I can calculate how profitable it ...
6
votes
5answers
842 views

How can home buying be considered a sound investment with all of that interest that needs to be paid?

I am 33 years old, married with 3 kids. I currently live in Central NJ. About a year ago, I got a job which lets me work from home. Since then I wanted to move out of this house because the property ...
3
votes
3answers
531 views

The balance between Renting and Buying

My girlfriend and I are spit-balling the idea of buying a house. We've heard pros and cons for mortgages; you're putting your money into an investment vs you're paying far more than you anticipate due ...
1
vote
3answers
220 views

Short term living (3 to 4 years).Am I better off renting, taking a 15yr mortgage or a 30yr mortgage?

I just moved to a new city and I'm currently renting and apartment for $575 a month. I got a full time job so now I can afford more so I was thinking of buying a property. I expect to live in the area ...
0
votes
2answers
393 views

Is it better to get a mortgage or continue renting in London?

Currently me and my partner are renting in London, which with bills included eats up around 50% of our takehome income. It seems that if we were able to get a mortgage on a flat, we would potentially ...
0
votes
1answer
205 views

Evidence For/Against Real Estate Investing Vis-a-vis Investing in ETFs

Do people have good pieces of evidence about whether or not Real Estate is worth investing at all? What's a good measurement to decide this (e.g., simply looking at value increases?) If I have X ...
4
votes
1answer
239 views

For how long do you need to commit to staying in one city to make purchasing a piece of real estate worth it?

I am considering purchasing a piece of real estate in a major metropolitan area in the US, to avoid spending money on rent. However I'm not sure if I want to stay in this city forever and might move ...
1
vote
0answers
297 views

Guidelines on when to buy or rent an apartment (in Europe)

I am currently facing an important decision for my life: I finished studies and will soon enter industry to work. Due to the fact that I will likely earn some money on a regular basis, I want to ...
1
vote
1answer
79 views

What are some ways to determine if taking on debt is worth it?

What are some ways to determine if taking on debt is worth it? For instance, what types of calculations exist for seeing if it's worth it to take on mortgage debt?
1
vote
0answers
60 views

Buying a New home for my Family [duplicate]

Recently we had a baby and planning to buy a home. Is now a good time to buy a home? In my area houses are around 650K. I have the following questions. Is it good time to buy a home? Interest rate ...