Questions tagged [housing]

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9 views

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 ...
4 votes
1 answer
333 views

Income Tax rebate on Housing Loan on rental property and HRA rebate?

I had purchased an under construction Flat with loan of 30 lacs in Indirapuram, Ghaziabad in Year 2011 for which I got possession in June,2015. I am staying on rent in East Delhi and claiming HRA ...
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 ...
0 votes
2 answers
74 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 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 ...
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 ...
3 votes
1 answer
168 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 - ...
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: &...
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 ...
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 ...
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 ...
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 ...
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? ...
3 votes
2 answers
3k views

Is it normal to pay two application fees for an apartments as a married couple?

My wife and I are looking around at apartments, and the one we both ended up liking wants us to each pay an application fee of $95. I will be the only one on the lease, and solely financially ...
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 ...
2 votes
6 answers
888 views

What are the possible benefits and risks of buying an old house in a far away area?

I live in Germany with very little savings, around 20k. I have seen some run-down old houses in far away areas offered to be sold. My gut is telling me that it's a good idea to own a house as property,...
2 votes
4 answers
6k 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. ...
3 votes
7 answers
2k views

Pre-pay mortgage in full - do you have to pay off the projected interest as well?

How does paying off a mortgage early work? Example: I have a 30 year fixed rate mortgage of 3.5%, the amount borrowed is $300,000. I have just inherited $300,000. I am in the first year of the ...
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 ...
2 votes
1 answer
639 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 ...
-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 ...
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 ...
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 ...
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, ...
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 ...
2 votes
1 answer
292 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. I'...
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
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 ...
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 ...
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 ...
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 ...
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 ...
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/...
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 ...
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 ...
5 votes
4 answers
941 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 ...
5 votes
3 answers
306 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 ...
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,...
2 votes
3 answers
1k views

Sell or keep rental Property?

My father has an old single-family home he purchased at the height of the real-estate bubble. He lived in the property for about 5-years, refinanced to 3.25%, purchased another brand new home designed ...
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 ...
5 votes
3 answers
10k views

Lost job a week before closing with a mortgage. Options?

I unexpectedly lost my job a week away from closing on a condominium with a mortgage. I wasn't worried… until I realized that the mortgage is conditional on my creditworthiness remaining the same. ...
1 vote
1 answer
637 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 ...
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?
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 ...
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 ...