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Other Added - Homeownership: Rent vs Buy – 2007 Version
During a recent visit to a local electronics retailer the sales person I usually dealt with was engaged with another customer so someone else helped me and answered my questions. I wasn’t ready to make the purchase that day but when I returned almost two weeks later my regular “sales guy
Fortunately for those of us who make our livelihood selling real estate, the “human factors” outweigh the strictly economic factors in the final analysis. Most people buy rather than rent to provide a stable environment for their families. T
A brokerage should work for you, the way that you want your money managed. In fact, you will need to communicate these needs and desires with the firm long before a commitment is made to you by the firm. But, what does your brokerage provide for you? Why do you use one company over th
A snap shot of the rental market in Mesa, Arizona reveals owners of rental homes with 1700 square feet of living space featuring a two-car garage are currently asking an average of $1,300 per month for rent. That’s an increase since July of 2006 when the average rent for an equivalent home was $1,160. Those two numbers set the range one might reasonably expect to pay if renting a similar home today in Mesa.
Compare the above with recent sales in Mesa suggest that an equivalent home could be bought for approximately $260,000. The monthly expense associated with buying will rely upon the amount being financed as follows:
Zero Down Payment 20% Down Loan Balance: $260,000 $208,000 P & I @ 7% $1,720 @6.5% $1,308 Taxes 100 100 Homeowners Insurance 75 75 Approximate Monthly Payment $1,895 $1,483
The tax advantage at a 28% tax rate: $470/mo. $355/mo.
Net cost of ownership $1,425 $1,128
Since there is almost no initial expense associated with renting, the most reasonable comparison is comparing the “zero” down cash flow to the rental market. Reasonable expectations are the rent will be from a low of $1,160 to a high of $1,300. That’s a difference of from $265 to $125 monthly with the economic advantage to renting.
Fortunately for those of us who make our livelihood selling real estate, the “human factors” outweigh the strictly economic factors in the final analysis. Most people buy rather than rent to provide a stable environment for their families. Th
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Compare the above with recent sales in Mesa suggest that an equivalent home could be bought for approximately $260,000. The monthly expense associated with buying will rely upon the amount being financed as follows:
Zero Down Payment 20% Down Loan Balance: $260,000 $208,000 P & I @ 7% $1,720 @6.5% $1,308 Taxes 100 100 Homeowners Insurance 75 75 Approximate Monthly Payment $1,895 $1,483
The tax advantage at a 28% tax rate: $470/mo. $355/mo.
Net cost of ownership $1,425 $1,128
Since there is almost no initial expense associated with renting, the most reasonable comparison is comparing the “zero” down cash flow to the rental market. Reasonable expectations are the rent will be from a low of $1,160 to a high of $1,300. That’s a difference of from $265 to $125 monthly with the economic advantage to renting.
Fortunately for those of us who make our livelihood selling real estate, the “human factors” outweigh the strictly economic factors in the final analysis. Most people buy rather than rent to provide a stable environment for their families. T
Business hosting is similar to other types of web hosting; however, there are some very important things to consider when selecting a host for your business website.A critical error that some new internet entrepreneur makes is taking advantage of free website hosting offers or
Zero Down Payment 20% Down Loan Balance: $260,000 $208,000 P & I @ 7% $1,720 @6.5% $1,308 Taxes 100 100 Homeowners Insurance 75 75 Approximate Monthly Payment $1,895 $1,483
The tax advantage at a 28% tax rate: $470/mo. $355/mo.
Net cost of ownership $1,425 $1,128
Since there is almost no initial expense associated with renting, the most reasonable comparison is comparing the “zero” down cash flow to the rental market. Reasonable expectations are the rent will be from a low of $1,160 to a high of $1,300. That’s a difference of from $265 to $125 monthly with the economic advantage to renting.
Fortunately for those of us who make our livelihood selling real estate, the “human factors” outweigh the strictly economic factors in the final analysis. Most people buy rather than rent to provide a stable environment for their families. T
If you perform lots of electronic docket research in federal, state, and local jurisdictions, you know how time consuming it can be to access the many courts around the country. Unless you are already familiar with a particular court’s online accessibility, finding quick, reliable, and
The tax advantage at a 28% tax rate: $470/mo. $355/mo.
Net cost of ownership $1,425 $1,128
Since there is almost no initial expense associated with renting, the most reasonable comparison is comparing the “zero” down cash flow to the rental market. Reasonable expectations are the rent will be from a low of $1,160 to a high of $1,300. That’s a difference of from $265 to $125 monthly with the economic advantage to renting.
Fortunately for those of us who make our livelihood selling real estate, the “human factors” outweigh the strictly economic factors in the final analysis. Most people buy rather than rent to provide a stable environment for their families. T
Not long ago I was clicking through one of my favorite sites and came across another article exhorting the importance of search engine optimization. The article was well written and pointed out all the reasons why and how optimizing your site would result in miraculous changes, if you wo
Fortunately for those of us who make our livelihood selling real estate, the “human factors” outweigh the strictly economic factors in the final analysis. Most people buy rather than rent to provide a stable environment for their families. They’re concerned with being in a neighborhood that has good schools and low crime. Then there’s pride of ownership most people won’t be able to put a value on.
Back in the economic column, home ownership still has tremendous investment potential. For most people, their homes will be the single best investment they’ll ever make. The long-term benefits far outweigh the short run savings of from $265 to $125 per month.
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