buying a home: Is buying a home the best investment?
- 01/23/11 11:55 AM
Q: Is buying a home the best investment? A: Home buying not always the best investment Buying a home is often called the American dream. But for those who buy with a 3.5 percent down payment (or for those who can find it with no down payment at all), it can be a poor proposition. A Harvard University study of home sales in Philadelphia, Boston, Denver, and Chicago found that sellers of low-priced homes lost money up to 40 percent of the time once transaction costs were included. Economists at Wellesley College say whether home ownership is a good or bad investment often … (9 comments)
buying a home: Buyer protection: How to select the most qualified home inspector
- 06/24/10 12:37 AM
Buying a place where you will live for many years can fill you with anticipation and excitement. Now you've finally found the home that is just right for you. You've walked through the place, probably more than once, and everything looks perfect. But this could be the largest investment of your life to date, so you need to be sure. You need a home inspection. Today, it's required by most lenders before the deal is closed, but who do you choose to do it? Your real estate agent can provide several names for your perusal. Here are some … (9 comments)
If you plan to live in the area for the next few years, buying can be the best financial move. If you have children, the need to find a satisfactory place to live would increase your desire to buy.
* It's one of the right moves, especially since homes are priced more attractively than they used to be. There are still bargains available, although housing prices in many areas are rising … (3 comments)
buying a home: Helping Your Children with the American Dream
- 11/27/09 10:55 PM
Most areas of the country have been experiencing some very attractive conditions for the first time buyer, and current tax laws make this a very attractive time for parents to help their children become homeowners. Prices and interest rates may never be lower than they are now, so strongly consider this potential investment in your children's future. As parents, you can provide a significant down payment, free of taxation. Individuals may gift up to $13,000 per year, so two parents making gifts to their child and their spouse can give a total of $52,000 in one year without paying a gift tax! Above … (16 comments)
buying a home: To Buy Or Not To Buy, That Is The Question?
- 09/24/09 11:28 PM
U.S. Treasury Secretary Timothy Geithner says the recession is mostly over, and the economy is on the way up. The stock market is at its high for the year, manufactur-ing is slowly ris-ing, and experts say the entire world is slowly but surely recov-ering from the recession. But for indi-viduals, the di-lemma remains, is this the right time to buy a house, start a family, and build a life? Will there ever be a per-fect time? Is the clock ticking as you decide whether to have a baby, get a dog, or buy a house? Advisors writing in INC. say that … (16 comments)
Q: Is buying a home the best investment?
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