home affordability: Paying It Forward: How Renters Become Buyers - 11/18/10 10:47 AM
Paying It Forward: How Renters Become Buyers
Nothing compares to the feeling of having a place to call home. At one time or another, however, most of us have felt frustration at seeing hard-earned money go into rent every month rather than a more permanent house payment. Renting is most people's first step toward homeownership, but what do you need to do to realize the dream of owning a home?
Sometimes, it's not the regular rent-money obligations but other expenses that are the main obstacle in saving. A whole debt-counseling industry has arisen to guide consumers in getting out from under … (0 comments)
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home affordability: Rent vs. Buy in Cincinnati - 09/05/10 02:08 PM
A great recent article on buying or renting from the wall street journal. Seems the author points out it's better to buy if the price of the home is 15 times or less the cost of the rent.
The example they used was rent of $10,000 per year, so if you could buy a similar home for $150,000 of less it's smarter to buy (historically speaking).
See article: http://online.wsj.com/article/SB10001424052748703561604575282910161870380.html
Hopefully this was helpful. As always, if you need help with anything real estate feel free to find me at www.ISellCincinnati.com or email mike@ISellCincinnati.com or call 513-325-1959. Also, SEARCH GREATER CINCINNATI AREA MLS HOMES FOR FREE ANYTIME AT www.ISellCincinnati.com.
Until next time, … (1 comments)
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home affordability: Housing Affordability at Record Levels, But Will It Last - 08/27/10 08:53 AM
According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released last week being able to afford a home is close to its highest level ever for the sixth quarter in a row since it started measuring affordability nearly 20 years ago.
Some of the most affordable houseig markets were in MI, OH and NY. Today is one of the best times ever at being able to afford a home and getting as much bang for your buck in a home as possible.
See the full article here: http://www.nahb.org/news_details.aspx?sectionID=135&newsID=11193.
So let me know what you're looking for and I will find … (0 comments)
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