Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [home-ownership]

Any questions related to Home Ownership. There is a related specific tag for Mortgages. It is recommend you include a country, state tag, or location in your question.

Any questions related to Home Ownership. There is a related specific tag for Mortgages.

Homeownership in the United States - From Wikipedia

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Should I deplete my saving and buy a house with cash, or should I rent?

My wife and I are very frugal. We've been living abroad for several years and saved a decent amount of our salaries. We've decided to move back to the US this year. We've found a modest home that needs some work, but has good bones and is livable.…
krayziesensei
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Why would a home seller ask a buyer to offer LESS?

My brother-in-law is looking to buy a house. The house he wants has been on the market for a long time, and it's in pre-foreclosure. The owners are underwater on it. He submitted a lowball offer, waited a long while, and then talked to the listing…
user278411
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Do I care if the housing market has gone up or down, if I'm moving from one house to another?

I can see several cases in which it obviously IS important if the market is high or low. e.g: if I'm buying my first house if I'm retired and selling my last house if I'm moving to a very different country/city, whose housing markets aren't very…
Brondahl
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Why would the bidding on a foreclosed property start at the outstanding amount of the loan?

I've read from several reliable-looking sources that if a foreclosed house goes up for auction, the bidding usually starts at the outstanding amount of the loan (plus fees, etc.): Example Money Talks, Consumer Affairs, Biggerpockets. My question…
Bennett
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Buy home and leverage roommates, or split rent?

Currently, I live in a 3 bedroom apartment with 4 other people (5 total), and we are looking to switch apartments because we don't like the place anymore. I started looking around for new places, and found a handful that could work out. However, I…
Andrew Diamond
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What are the economic benefits of owning a home in the United States?

I am trying to figure out if owning a home is more economical then renting. According to all the tools, according to the rent I pay now (< $800) owning a home is not economical, even in the long run. It seems to me like it would make sense to do…
SoftwareSavant
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Case against home ownership? High income, no home, don't necessarily want one

All numbers are in USD and my tax situation pertains to US taxes. I am at a crossroads and am seeking help. I am a single man who has always made a good living and generally enjoy my life as I please. I work hard and this year has brought me a nice…
PropositionJoe
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Owning house for 3 years. 15 or 30 year mortgage?

I'm about to move to a new area and will be living there for 3-4 years and then moving to another area (I'm in the military and move every 3-4 years) and I'm thinking that buying a house there is my best bet. I'll probably be selling it when I…
user42027
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Dad paying for my new home in cash. How can I buy the house from him?

We found a home we would like to purchase (U.S.). It was the 2nd day on the market and there were already two other offers for it, so we decided to make a cash offer ($230K) as my dad agreed to pay for it while we figure out the financing. Our…
Briguy37
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Why would a rational buyer offer to buy with no conditions precedent?

Assume that the Canadian Reddit commenter beneath is rational. I corrected typos. As an investor, I have a tactic where I only buy houses via the listing realtor, and do not use my own. Why? If I go in with a clean offer 5k below a competing…
user102055
26
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10 answers

Why do some people say a house "not an investment"?

I have heard a few people say that "a house is not an investment" as an argument to stay in an apartment. (To me, this seems like a stupid reason, but that is not my question.) Of course, this is not the only place I have seen this argument. I've…
John Gietzen
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Boyfriend is coowner of a house with his sister, he wants to sell but she doesn't

My boyfriend's parents passed away and he and his sister were left with his father's house and the land around it. He's been living there ever since, but in horrible conditions. He can afford the home, but just barely. He has no heat and often has…
Red
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Why would a seller require a cash offer on a property?

My partner and I are looking at a house in an area that would be interesting to us. It's a fixer-upper that would require quite a bit of work on the inside. She's previously owned a house and personally done renovations of that sort; I have not. The…
Daniel R. Collins
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Can an unmarried couple buy a home together with only one person on the mortgage?

Suppose there is a couple, Clayton and Emma. Clayton is 26 and has a good job making over $75k a year, Emma is 20 and still in college (she doesn't have any student loans but she has no job and no credit). Suppose this couple is not yet ready for…
AbuMariam
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How do Islamic Banking give loans for housing purposes?

Islamic banks do not give loans they invest in financial activities of their clients. Am I correct? If yes, then how can they provide loans for housings? Home loans have nothing to do with business. Then how do they manage this type of loans?
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