Questions tagged [housing]

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The Inflation Reduction Act and home heating

If in 2022 an home owner has work done on his boiler by a licensed professional with hopes of saving money on his heating bill, does that generate a tax credit for the home owner? The boiler runs on ...
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0 votes
2 answers
75 views

Is it reasonable to expect an adjustment to prorated rent upon early move out?

I'm familiar with the idea of prorated rent but am in a situation that's new to me with a bit of a twist. In the past I've always been the one to set the move out date but this round our landlord set ...
  • 1,291
3 votes
1 answer
170 views

In Islamic mortgage, is rent going towards paying for the house?

If I get an Islamic mortgage for 200k, the bank might charge 210k, with the 10k being the profit they would take instead of interest. The monthly repayments for this mortgage will be split in two - ...
1 vote
1 answer
168 views

Housing Price Index - How to determine if Housing Marketing is high or low

What is the best source/website for seeing if the housing prices are high or low? I am looking to buy a home but don't know where to look confirm if the housing prices in aggregate or by city/state ...
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0 votes
0 answers
80 views

Should I close my French PEL to invest in ETFs?

My grandmother opened for me a PEL. I am going to give a complete description of what is a PEL as it is most probably unknown for money.SE. I am French and the PEL is a saving account that means: &...
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0 votes
1 answer
104 views

Modeling wealth over time in a home [closed]

Suppose a person decides to buy a house and finance it by taking out a mortgage. I am attempting to model the wealth of this person over time. I need some help deciding whether this system of ...
  • 115
0 votes
2 answers
230 views

If pre-approved for a $300k home loan, needing $1k monthly payments on it for a $200k nearly new house, is it a no brainer to buy the house?

Assume the bank's loan has a 2.6% interest rate. (I know this is historically very low, but even lower is not impossible.) Assume one has $3000 per month, leftover, after all their expenses and ...
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1 vote
2 answers
93 views

Are there alternative options to getting an appraisal for a refinance of my home?

I live in New Hampshire, USA. I'm trying to get my home refinanced and it most likely requires an appraisal (not sure the requirements), but anyway... they want $1870 for the appraisal fee! I'm aware ...
  • 209
1 vote
0 answers
54 views

HUD housing recertification removing someone from lease

B"H Hi I'm trying to move out of HUD housing, and the re-certification has passed and my father has signed the documents without my signature re-certifying, which is what I want because I want to ...
30 votes
5 answers
7k views

Paying for a flat renovation to reduce rent payments in the future

A friend of mine owns an old house which requires renovation. They proposed me to pay for the renovation, and in exchange, I could live in the house and pay a smaller rent (or perhaps no rent for a ...
0 votes
2 answers
207 views

How can I determine how much improvement (dollar value wise) I can put on an urban lot?

So, I'm in the position of considering where (within a given city/real-estate-market) I and my family want to build our next house (which will also be our first experience as homeowners -- we've lived ...
0 votes
2 answers
124 views

Is this how I can achieve the minimum break even price if I sell my apartment?

I am planning to sell my apartment in New York City. I have only owned my apartment for 2 years, so I know I most definitely won't be able to "break it even." I think a more realistic goal ...
-5 votes
3 answers
282 views

Can I raise money in an IPO of my house?

I am thinking of getting some cash by selling shares of my house. Can I sell shares of my house in an IPO to raise some cash for myself? It would be super cool to ring the opening bell during the IPO ...
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12 votes
2 answers
4k views

How many years do I need to own a house until I don't have to pay capital gains taxes?

I've owned my home for 1.5 years and it has been my primary residence. I decided to move, and want to sell, however, I'm unsure if I have to pay capital gains. When searching the internet I find ...
17 votes
10 answers
8k views

Pay off half mortgage vs invest in stocks

Some background: I have a mortgage ($212K/$247 remaining, 3.675% APR) on a house in my previous city. Selling it was my primary goal, but unfortunately that hasn't happened. And looks like the ...
49 votes
15 answers
12k views

Is there any reason to not buy if mortgage is comparable to rent?

I'm curious: Say if you could buy a property or choose to rent and the mortgage per month on the property is similar to (or even lower) than the rent in your area, is there any reason to not buy? ...
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3 votes
1 answer
135 views

For buying a home, what kind of loans can I seek with a large cash collateral but no credit history?

Story: I'm just after going to my local bank and attempting to get 'prequalified' for a home loan, since the first realtor I called instructed me to do so before we got started. On trying, I was ...
1 vote
1 answer
331 views

Is $15 USD for a hotel/motel room really that "unthinkably low"?

I just watched a video where a guy tried to claim that the hotel or motel room he was going to meet somebody at and pay for costs "$15", in the USA. I assume he means "per night". While money is not ...
-1 votes
1 answer
148 views

If you want to buy a house but you also think value will drop… is there something you can do to alleviate the risk?

Disclaimer: yours won't be fiscal advice. People involved will consult a professional before doing anything. This is just to gather some preliminary information. Situation: you want to buy a house ...
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0 votes
1 answer
107 views

Sell or keep property just purchased

I bought a house with 2 units in Switzerland recently for $750k mainly for rental income and long term security. The house returns $29,000/annum brutto rental and after deducting interest, ...
  • 101
4 votes
1 answer
1k views

Implications of buying a house during/ after a stock market crash?

I am currently in the process of buying my first house (I live in the UK). Having had an offer accepted, I am now waiting on the sellers to complete on buying the house they're moving to. With the ...
13 votes
5 answers
11k views

Pay off Credit Card Debt now or later

I recently paid a non-refundable housing deposit of $1,300 for summer intern housing. The company I am going to work at this summer has outlined in my contract that I will receive $2,500 to cover ...
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2 votes
2 answers
173 views

Roof warranty 5 year versus 25 year- Would it allow me to get more money back in a house I plan to sell?

I inherited a 1960 house worth over 200k in tax assessment. It's has some issues though....foundation and internal renovation to become updated in styles. I bought full coverage insurance for it. A ...
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1 vote
2 answers
282 views

How to price target when selling a home?

Under the Fair Housing Act, it is prohibited to "impose different sales prices or rental charges for the sale or rental of a dwelling." But in the residential market, does price targeting actually ...
2 votes
0 answers
56 views

Do I need to report rental income on my apartment? [duplicate]

Say I am renting an apartment for ~$1000 a month and I have a friend that needs a place to say. I let him stay on my couch and he pays me ~$999 a month. So I'm at a loss of $1 each month. Do I need ...
40 votes
9 answers
12k views

Do I care if the housing market has gone up or down, if I'm moving from one house to another?

I can see several cases in which it obviously IS important if the market is high or low. e.g: if I'm buying my first house if I'm retired and selling my last house if I'm moving to a very different ...
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1 vote
2 answers
186 views

Is it a wise decision to buy a home in the current market in a coastal market where prices are at a premium [closed]

I am looking at the possibility of purchasing a property in the San Diego costal area, however I wanted to get some feedback from people that know the economic outlook better than I would. Is it a ...
1 vote
0 answers
83 views

HUD section 8 benefits -- community service exemptions

Regarding the HUD (Housing and Urban Development) policy for Area Housing Assistance (general page, specific definitions, and exempt status mainly what the question is about, definition for "work ...
4 votes
4 answers
675 views

Is buying an apartment a worse choice than renting, currently (2019) in Australia?

For one reason or another, an apartment is considered a bad investment in Australian cities. This is because the demand here isn't huge yet (people in general would rather live outer-city in houses/...
5 votes
4 answers
946 views

Why is the "buy vs rent" debate framed in terms of "buy a house vs. rent an apartment"?

Most coverage of the "buy vs rent" debate in North American popular financial media (see here for an example) frames the debate as a simple dichotomy: either renting an apartment (i.e. renting a unit ...
0 votes
2 answers
201 views

Buying strategies for foreclosure condos

I saw a foreclosure condo which seems upgraded by the bank. I really liked the place, but the price can be cheaper. Can we negotiate with the bank on such foreclosure houses? What are some ...
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3 votes
1 answer
1k views

Self-employed net income for affordable housing - valid to take from profit/loss?

I'm trying to understand net income from self-employment, when qualifying for an affordable housing program. I had always thought that net income was the cash (checks, wires, etc) coming in. However,...
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57 votes
10 answers
27k views

When is it better to move - before or after a housing bubble bursts?

My husband and I currently own our home and are looking at upgrading to a bigger house in the next year or two. The housing market right now in our area (US East Coast city) is doing really well, and ...
  • 764
2 votes
2 answers
257 views

Trust issues with rental security deposit

I'm in a situation where I will need to rent an apartment without the ability to see it or meet the landlord/sublessor first. This creates a trust issue that I'm not sure how to address. Most ...
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4 votes
2 answers
533 views

Can I break a lease in response to a nonrenewal notice?

Just got notice that our house is being put up for sale and that we need to be out in 6 months. This is not an early termination, but a notice we will not be able to renew our lease. Since we'll ...
  • 149
26 votes
16 answers
11k views

How to best invest 90,000 EUR with zero knowledge in investing?

I have 90,000 EUR and difficulty figuring out what to do with it. This money is in a savings account with an interest rate of only 0.05%. Here in Netherlands, I pay around 600 EUR each year on this ...
12 votes
1 answer
2k views

What should I be concerned with in buying a house for less than the market value? [duplicate]

I've grown up in my grandparents house my entire life. They lived two miles away my entire life. Sleep overs, dinners, barbecues, etc. It's been the plan since I was a kid to buy the house when I got ...
's user avatar
125 votes
19 answers
32k views

Should I buy my house in cash, or with a mortgage and invest the rest of my money?

I can afford to buy a house (to live in myself) in cash. Most of my investor friends tell me this would be a dumb idea, because I could earn more in interest by buying the house with a mortgage and ...
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0 votes
1 answer
133 views

Should I pay off my mortgage? [duplicate]

I have €77,000 in my bank account. My mortgage has €75,000 left on it (without interest) and a term of 14 years remaining. The current interest rate is 4%, but of course this can change. Should I pay ...
  • 3,605
3 votes
2 answers
313 views

Apartments are far more expensive in my area. Should I seek a house on limited income?

So, where I live: the cheapest apartments are within $150/mo of a two story house + basement. There are more modest lots available, and this more modest housing is my goal (maybe). Preliminary ...
6 votes
1 answer
588 views

Can landlord/property change unit after approval and payment of fees?

My boyfriend and I are currently in the process of moving across the country, about 650 miles. On September 2nd we visited a property in the area we will be moving to and we really liked it. After ...
6 votes
3 answers
802 views

Pay off entire mortgage or put into investments

I am currently living in a house with my family, which I see 5 - 10 more years left, until we move onto to a new home. I have received a lump of sum of 600k that would be enough to pay off my entire ...
  • 1,507
0 votes
1 answer
277 views

I want to rent an apartment. The landlord wants me to sign at the court. Is this safe? Or smells like fraud?

I saw an apartment in a listing (I live in Taipei, Taiwan). The websites states that the contract has to be signed at the court. Is this safe? Or smells like fraud?
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17 votes
3 answers
5k views

How do I go about asking landlord to prorate when I can't move in yet?

I am renting an apartment. Move in date was August 1st. The apartment is slightly dirty with cobwebs and the walls definitely need to be painted. Landlord says that she will paint very soon but until ...
  • 273
2 votes
1 answer
8k views

What is a non-residential grant deed?

In looking at properties on one of the popular property aggregator sites, I've seen some transactions labeled as being "insured non-residential grant deeds." This is usually accompanied by a sale at a ...
  • 1,149
2 votes
1 answer
459 views

"Gifting" a house to a family member

I bought a house for myself a few years ago with the profit from an investment, however as I was (still am) under 18 I had my mother buy it in her name. As I am nearing 18, I was wondering how I could ...
1 vote
2 answers
189 views

What do I need to consider when refinancing one home to pay the down-payment of another?

I recently (2+ years ago) purchased my first home, and we are financed with an 7:1 ARM loan as well as a HELOC as a second mortgage. I also have excellent (760+) credit. My family is growing and I ...
3 votes
4 answers
2k views

How do Inspection Contingencies work if the seller offers to fix the problem?

We made an offer on a house and the seller accepted it. Now we did a Home Inspection of the house, and we found that it had unacceptably high Radon levels. The seller has offered to install a Radon ...
4 votes
3 answers
866 views

~$75k in savings - Pay off house before new home?

Thought I would give a summary of my current financial situation: Home owner No debt outside of mortgage Annual income of $120k Amount owed on house is at ~$95k Expected rent the current house for ...
1 vote
2 answers
127 views

Selling a leasehold flat

What happens when you want to move out of a leasehold flat - can you still sell it and move your mortgage to another property?