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I'm looking for homes for rent, but I've been told I should try to buy because housing prices are down. How do I know if I should rent or buy?
Wiki User
∙ 16y ago
The last thing you want to do is take on a mortgage you may not be able to pay. If your finances aren't in the place that you feel comfortable committing to a major debt for fifteen to thirty years, don't do it. Also, if your credit isn't good enough for a good interest rate you'll want to wait until you can get a better loan.
There are generally three situations when you should rent over buying: you aren't planning on staying in your home long, you have great rent (a lot of people with subsidized rent or rent control actually make out well with renting), or you don't qualify for a good loan (or any loan). In most cases, it's better to build equity if at all possible.
Ihave a sister that live in l.Nebraska
Wiki User
∙ 16y ago
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Where do I look for comparisons on housing rent?
Start by looking for letting agents, then refine your search to your area and comparable housing to your own. This should give you a list of properties available to rent and their prices.
If someone were looking to buy real estate what would be some tips?
Some tips one should follow when looking into buying real estate would be the following: check the selling prices of houses in your area, find out what monthly housing cost would be, look at things in your price range.
What type of features should I look for in senior housing for my grandfather?
When looking for senior housing you should look at features of the facility such as how accessible the unit it, how close to shops and doctors offices it is, and the reputation of the facility.
Will housing prices go up or down in the shadow of the huge US bailout?
Probably the price decline will continue, but in the long term, the rescue plan should help housing prices recover as (or if) our economy improves. Growth in the economy should result in lower unemployment and better wages that usually augers well for home prices. Of course, there are many factors at play, and certainly, higher oil prices mean less disposable incomes, and negatively affect prices.
Section 8 housing duluth mn locations of housing units?
Check with your local housing authority. They normally have a listing of all properties available from landlords willing to accept housing choice vouchers. If you are looking for public housing units, the housing authority should have a list of those too.
What should I know before buying merchandise bags?
You should know the quantity you are looking for and the sizes you are looking to purchase. They can be bought wholesale so you can find really good prices.
Where can I find low income housing.?
Your local newspaper should be the best bet-try the advertising section-or you can try an estate agent that will have local listings of house prices that should be affordable.
What website has used vehicles for sale for low prices?
you should try visiting craigslist because they have a vast amount of people posting ads on there and the odds are that you will probably find the car you're looking for
What are the current electricity prices for a home in Malibu?
The electricity prices for a home in malibu is 27% average of what it should be. So if your looking for a home in malibu be prepared to pay 27% of electricity.
What should I know before considering senior low income housing as an option?
It is very important that you are aware of your budget before looking at housing. There are several places online that can help you find the right place.
i'm looking for an in class home inspection course in my area in penna.i'm making a career move where should i start?
Call your nearest housing agency or housing authority and ask them what you need to do to work for them as an housing inspector. They will provide the on-the-job-training that you need to get started.
Why you should consider buying Las Vegas Homes for Sale?
Over the last decade, many housing markets across the country have experienced drastic fluctuations in housing prices. Like other cities located in the Sunbelt of the United States, Las Vegas, NV has experienced one of the most significant housing industry bubbles and busts in the country. From 2004 until 2006, the median sales price of a Las Vegas home exploded before peaking around $325,000 in early 2006. The housing prices were artificially inflated by frequent construction of new homes, a large amount of speculative housing investors, and the subprime mortgage lending market. Once the housing bubble burst, and the overall economy began to decline, the housing prices in Las Vegas fell at a record number. The median sales price in Las Vegas is now around $130,000, which is a 60% decline off the high point in the housing industry. Because of the drastically low price, now may be an excellent time to purchase one of the many Las Vegas homes for sale. One reason why purchasing a home in Las Vegas is a great idea is because housing prices appear to have finally stabilized. The median sales price in Las Vegas has hold steady around the $130,000 level for the past few quarters. With prices at their lowest point in over a decade, it seems as if housing values are destined to slowly increase over the next few years. Another reason why purchasing one of the many Las Vegas homes for sale could be a great idea right now is because there will always be a demand for housing in good Las Vegas neighborhoods. Because of its high end resorts and legalized gambling casinos, Las Vegas is a very popular tourist attraction. This means that the town is constantly filled with individuals who are employed in the tourism industry. Furthermore, Las Vegas has developed into a significant corporate hub for many companies. Because of this, many white collar citizens will continue to need housing in the city. As the economy continues to improve, housing demand will continue to increase and housing prices will follow.
