#11
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Re: You have $400k in cash, buy House with it or rent & invest
I think so many people forget that rents go up every year. And they also forget the value of having you own (much larger) living space, a garage/yard/no one complaing about loud music, etc etc etc
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#12
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Re: You have $400k in cash, buy House with it or rent & invest
I dont think the housing market has bottomed out yet
still though, i think it's a pretty decent time to buy if you're in it for the long term. 30 years from now it wont matter if you're house went down 2% the year after you bought it but recovered in the next 29. Prices have dropped more in the last year than they have in a while if you choose to invest i wouldnt just go throwing it into the stock market either... |
#13
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Re: You have $400k in cash, buy House with it or rent & invest
They're gonna keep dropping I certain areas of the country.
I've spoken to many investors in the States that have said that bank owned real estate account for up to 20-25% of homes on the market in some areas. That's huge. With more mortgage resets bound to happen next year, the worse is still to come. |
#14
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Re: You have $400k in cash, buy House with it or rent & invest
What kind of rent do you charge on a $400K house?
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#15
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Re: You have $400k in cash, buy House with it or rent & invest
The quality of my investment decisions has improved immensely since I stopped renting. [img]/images/graemlins/grin.gif[/img]
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#16
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Re: You have $400k in cash, buy House with it or rent & invest
[ QUOTE ]
What kind of rent do you charge on a $400K house? [/ QUOTE ] Where I'm from it's generally around $3,000-$3,500/mo. |
#17
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Re: You have $400k in cash, buy House with it or rent & invest
[ QUOTE ]
[ QUOTE ] What kind of rent do you charge on a $400K house? [/ QUOTE ] Where I'm from it's generally around $3,000-$3,500/mo. [/ QUOTE ] Where the heck are you from? You could borrow the full $400k and owe significantly less than $3k a month in PITI, assuming 1% property tax. That doesn't add up. eastbay |
#18
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Re: You have $400k in cash, buy House with it or rent & invest
[ QUOTE ]
[ QUOTE ] What kind of rent do you charge on a $400K house? [/ QUOTE ] Where I'm from it's generally around $3,000-$3,500/mo. [/ QUOTE ] Sick. |
#19
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Re: You have $400k in cash, buy House with it or rent & invest
That seems high. I live in a $600k condo and only pay $2700.
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#20
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Re: You have $400k in cash, buy House with it or rent & invest
[ QUOTE ]
[ QUOTE ] [ QUOTE ] What kind of rent do you charge on a $400K house? [/ QUOTE ] Where I'm from it's generally around $3,000-$3,500/mo. [/ QUOTE ] Where the heck are you from? You could borrow the full $400k and owe significantly less than $3k a month in PITI, assuming 1% property tax. That doesn't add up. eastbay [/ QUOTE ] There isn't one answer to this question. In any rental, you charge as much as the market will bear. The price of a house has almost nothing to do with the rent. Also, different investors might have different goals, which could effect rents as well. |
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