Questions tagged [housing]
The housing tag has no usage guidance.
109
questions
0
votes
1answer
94 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 ...
0
votes
2answers
199 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 ...
1
vote
2answers
89 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 ...
1
vote
0answers
50 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
5answers
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
2answers
132 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
2answers
121 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
3answers
199 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 ...
12
votes
2answers
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 ...
16
votes
9answers
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
15answers
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?
...
3
votes
1answer
115 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
1answer
320 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
1answer
146 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 ...
0
votes
1answer
105 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, ...
4
votes
1answer
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
5answers
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 ...
2
votes
2answers
169 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 ...
1
vote
2answers
262 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
0answers
55 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
9answers
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 ...
1
vote
2answers
185 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
0answers
76 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
4answers
645 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
4answers
879 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
2answers
196 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 ...
3
votes
1answer
739 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,...
56
votes
10answers
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 ...
2
votes
2answers
232 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 ...
4
votes
2answers
510 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 ...
26
votes
16answers
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
1answer
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 ...
122
votes
19answers
31k 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 ...
0
votes
1answer
131 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
votes
2answers
303 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 ...
5
votes
1answer
425 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
3answers
789 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 ...
0
votes
1answer
274 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?
16
votes
3answers
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 ...
2
votes
1answer
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 ...
2
votes
1answer
449 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
2answers
175 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
4answers
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
3answers
859 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
2answers
125 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?
4
votes
3answers
1k views
Is housing provided by a university as employer reported on 1040?
I work as a Resident Assistant for my University. According to Moss-Adam's article, the difference of the lesser of market value of the property rent at YE or 5% of the total value of the house/...
2
votes
1answer
94 views
High housing allowance and good for tax return?
I interned last summer at a big tech company in the US and I just got my W-2 form. The company paid for my housing and added ~24k for renting an apartment for 3 months to my gross pay.
First, I ...
5
votes
3answers
289 views
Is Rate Hike a good thing or a bad thing for homebuyer?
I am a bit confused with co-relation between rate hike being a good or a bad thing for home buyer. I have some notions and please correct me on each if I am wrong:
Home Prices and Interest rates are ...
2
votes
4answers
5k views
Can one get a house mortgage without buying a house?
As of this writing, mortgage rates are low, but are expected to rise. I am not ready to commit to a house that ties me down to a location but would prefer to take advantage of the low mortgage rates. ...
1
vote
0answers
416 views
Can a sponsored spouse buy a house in Canada while her permanent resident application is still being processed?
I will get married with my Canadian partner, and plan to buy a house for us in Canada. However, I am currently not a permanent resident of Canada yet. I will apply for being a permanent resident of ...
