#11
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Re: Question for all: How many own their own homes?
I own my house. My remaining mortgage is probably about 40% of its value.
If you want macro stats, follow Zeno's advice and go to the Census website. |
#12
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Re: Question for all: How many own their own homes?
I own my house. My mortage is about 17% of my monthly gross income.
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#13
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Re: Question for all: How many own their own homes?
I purchased a home in 1997 after living in a condo for a little while.
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#14
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Re: Question for all: How many own their own homes?
[ QUOTE ]
[ QUOTE ] If I bought the place I live my mortgage payment would be like 3X the rent. [/ QUOTE ] ? I don't see how this could possibly be true. Are you talking about the rent from 1 apt and the mortgage for the whole building? [/ QUOTE ] I lived in a house that cost $800k to buy. I paid 1300/month in rent. Typical mortgage payment would be something like $4500 unless you go interest only or something crazy. That was a little bit of an extreme case but is not that far off average in the hot spots of CA. (it was exaggerated because the house itself was a bit run down which pushed the rent down, but the cost to buy reflects the value of the land) |
#15
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Re: Question for all: How many own their own homes?
i dont spend anything on my home. my renters do. imo your first purchase should be a duplex or better. why pay a mortgage when your neighbor will pay it for you?
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#16
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Re: Question for all: How many own their own homes?
My wife and I own our house. Mortgage free for the last 8 months and it feels great.
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#17
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Re: Question for all: How many own their own homes?
We own our house and pay about 20% of our gross income towards the mortgage payment.
Such is life in the DC suburbs. |
#18
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Re: Question for all: How many own their own homes?
Rent for 8% of monthly gross income (really cheap rent...not paid super dollars). Looking to purchase a townhouse by the end of the year...maybe q1 08.
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#19
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Re: Question for all: How many own their own homes?
I spend 25% or so on rent and get cable + internet + gym included.
Will be moving to a different city and buying in the next 12 months. |
#20
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Re: Question for all: How many own their own homes?
I currently rent, but will be buying in a house in 6 months.
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