Miamiair From , joined Dec 1969, posts, RR:
Reply 12, posted (9 years 8 months 2 weeks 3 days 5 hours ago) and read 3384 times:
I own mine. The problem home buyers here in Florida face now is the taxes. I pay taxes on the assessed value (usually less than the sale price). People buying homes now must pay taxes based on the sale price. This makes your tax bill a lot higher. If I was to sell my house and buy another one, I would be screwed into paying higher taxes unless I bought a two room cardboard box under a bridge.
As to the mortgages, one of my co-workers just told me about a forty year mortgage...talk about paying interest over time...The norm is a 15 and 30 year mortgage.
Sunshine79 From UK - England, joined Jan 2006, 1762 posts, RR: 28
Reply 14, posted (9 years 8 months 2 weeks 3 days 4 hours ago) and read 3358 times:
I rent at the moment. I pay 250 euros per month and that includes the bills. I share a three bedroom apartment with another woman (now my drinking partner) I have a bus stop and supermarket around the corner from me and it's 20 minute walk into the centre of Benidorm. With the price of property in this area, I highly doubt I will ever be able to buy anything (apart from a tent!)
Coal From United States of America, joined Aug 2006, 2469 posts, RR: 7
Reply 15, posted (9 years 8 months 2 weeks 3 days 3 hours ago) and read 3347 times:
I rented an apt for the past 4 years (college). Right now living with parents until November. From then on the company I'll work for will pay for my apt's rent for three years. Funny thing is I have never paid a monthly rent in my life.
JGPH1A From , joined Dec 1969, posts, RR:
Reply 17, posted (9 years 8 months 2 weeks 3 days 3 hours ago) and read 3341 times:
I am renting a flat at the moment, in hindsight I should have bought somewhere when I moved to France, but the prices are silly now, so too late. At least I don't have huge debts though, and after all, what do I need to own property for ?
Carmenlu15 From Guatemala, joined Dec 2004, 4763 posts, RR: 26
Reply 18, posted (9 years 8 months 2 weeks 3 days 2 hours ago) and read 3322 times:
Neither, I still live with my parents.
But if you insist... The house is owned, but we're still stuck with the mortgage. However, if you want to get a better idea of the situation by country, I'd say the majority of people here rent their places rather than owning them.
Don't expect to see me around that much (if at all) -- the contact link should still work, though.
I own my home. Bought in 1992 for $77,000US. Current value is $170,000US.
My mortgage is $723.00US/month and I have 5 years to go.
Quoting Cxsjr (Thread starter): Also, out of interest, what kind of monthly rent would you expect to pay for a 2 bedroom apartment within 10km of larger city centres in a decent location?
In this area, a 2 bedroom apartment averages around $600.00US. I don't consider my town as a "large urban center."
It's amazing though how housing prices vary so wildly. For eaxample, my parents, who live outside of the Baltimore area, own a 40 yr old, 3 bedroom, 2 1/2 bath rancher, on 1/4 acre lot in a nice mature suburb. Those homes sell for around $375,000US, currently.
Where I live, in York, Pa, (only 50 miles from my parents) the same house would sell for less that $200,000.
Rents in my parents area range from $800/mo to $1500/mo. That, to me, is pure insanity!
My glass is neither 1/2 empty nor 1/2 full, rather, the glass itself is twice as big as it should be.
Sean377 From United Kingdom, joined Mar 2001, 1225 posts, RR: 36
Reply 22, posted (9 years 8 months 2 weeks 3 days ago) and read 3283 times:
If you can afford to rent, then you should be able to afford a mortgage.
The biggest problem these days is getting a mortgage in the first place, given the deposit needed. 100% mortgages (and higher) are available and are worth considering if you can afford the monthly repayments. As LHMARK says, you'll quickly (the way things are going) build up a nice equity.
Rent, and someone else gains at your expense.
Flying is the second greatest thrill known to man... Landing is the first!
IFEMaster From , joined Dec 1969, posts, RR:
Reply 23, posted (9 years 8 months 2 weeks 3 days ago) and read 3279 times:
I own a 4 bed detached, purchased for $275,000, now valued at $600,000. Mortgage payment is $1627 a month. Cheap, considering the house opposite, which is similar in size to mine, rents for $2200 a month.
Property prices are starting to dip here, so I'll be selling up soon and possibly moving to Washington, where I should be able to own without a mortgage.
A332 From Canada, joined Feb 2005, 1644 posts, RR: 1
Reply 24, posted (9 years 8 months 2 weeks 3 days ago) and read 3273 times:
I've owned my house for 2 years now, and buying a house in Calgary at that time was a smart investment, my paltry $200K commitment is now worth $400K...
I got sick of renting... now I'm the landlord. I have 3 roommates living with me which makes it a good deal for all... I pay like nothing, they pay very little, and they will be here for a long time... it's a win/win all around.
Bad spellers of the world... UNTIE!
: Own two houses. One co-owned in The Hague with mortgage, and one small apartment in Andalucía, mortgage paid off. Between 2nd and 27nd October I'll b
: Currently 2.9% capped over 15 years. Yes, there is tax relief.
: I used to rent my house (2000-2004) in the summer of 2004 I bought it. $868 per month...
: Until you pay off the mortgage, you're still renting, just from the bank, not a landlord.
: Not if you are relativley new to the country though. I won't be eligible for a mortgage for at least a couple of years (they don't count Canadian cre
: True to a certain degree, however as your property appreciates in value you have made money, something you are not doing with a rental.
: That's wicked when he's banned and can't possibly defend himself .... funny though!
: I disagree. If you are renting, when you leave, you walk away......with nothing. When you own your home, and have paid your mortgage in full, you can
: Sorry Sean but you're not really correct there IMHO .... Interest rates are on the up now. I could've afforded to buy but right now, the apartment we
: We just moved from a one bedroom in Manchester city centre @ £900 a month unfurnished. Now in a 2 bedroom a month 6 miles from town at £650 and a m
: Rent an appartment in Førde, Norway where I work. About 50m2. with a 5 min drive to the town centre. I pay roughly £300 a month, and that includes e
: I rent the house that I live in. Its two bedrooms on about an acre, rent is $900 plus utilities. Not a bad deal where I live. Has a steambath outside,
: I'd have thought choosing the time he can't defend himself is exactly the moment to attack him, wouldn't you? No doubt he'll be sending me a grumpy e
: I own my house with a mortgage of about $1400 a month. Previously rented an apartment for a year and couldn't wait to get out of the scummy complex!
: Own. Bought in 2003 as prices were starting to skyrocket. Have good equity on it but we dont plan on moving anytime soon. For the apartment, I would a
: Renting a 1br apartment on the 17th floor of a bldg in Midtown Manhattan for $2780/month with a roommate. He pays 1540 and I pay 1240 (I live in a roo
: That's why I put the word should in italics. Of course it depends on the individual circumstances, and there are so many variables. But I agree with
: Can't he be banned from sending emails for two weeks too? I guess I'll be getting one too for daring to suggest the attack was funny!
: That's the best time - slag them when they're down ! This will teach him a lesson far more than a mere banning, and will serve him right for emulatin
: An understandable error. I believe he first asked what your rate was, and promptly doubled it. How was he to know that said moderator liked the grime
: The difference you see is quality. Like full service vs no-frills (although anyone who's seen Cornish in his Vivienne Westwood basque would retain an
: .... but only Mum's go to Iceland; where do Daddies go?
: Cornish is a Daddy? God, how pissed did he get that night?
: I currently rent a room in a flat in Birmingham, it works out at about £60p/w and thats including all utilities bills and the like, not in a great ar
: Must...bite...tongue ! Maybe in certain very specific sub-cultural sense
: Obviously, I don't understand this reference...