The debt-to-income ratio is a great way to find outhow much house you can afford, as well as the maximum mortgage payment you qualify for. Simply add up all your liabilities and your proposed mortgage payment plus taxes and insurance to see what type of loan you can take out. Obviously...
The quality increase is not in proportion of price increase (whether the price is justified is another question). So a 100k piano is not twice as good as a 50k one, but that is true of many other manufactured goods. The quality increase can be subtle. After that it is up to each per...
This is a tricky one because the real “value” of a house depends entirely on supply and demand. The right price is whatever somebody is willing to pay for it. However, there are a few fundamentals which influence this price over the long run because they determine thesupplyof housing. T...
Initially, I thought I was just saving money now so I could drive whatever I wanted later. After a few years of driving beaters, I've realized I no longer care what I drive around in as long as it runs well and is comfortable to sit in and that I can carry what I need to carry...
Basically, you never really make a profit on any asset, you just keep up with inflation. Also, there is another form of insidious inflation; when you sell the big home and pay taxes on it, you can only afford to pay for a smaller tiny house. T...
I'd love to get some ideas from the community on what to do with the $280,000 in cash in the short-term considering we likely will be using at least $100,000 to buy another house in Atlanta. What am I missing out on that we should be looking in to?
Price risk is the risk that the price of your bond drops as its real yield changes before maturity. If bond yields spike hard and fast enough, then a linker’s price can fall so far that you’re not adequately compensated by the bond’s inflation-linking features. ...
they became a media phenomenon because of all the activity around the offer. Television stations, radio talk shows, and newspaper articles blossomed. The day of the award they were all there. You just can’t afford this kind of attention normally and here it was being offered free (gratis)...
These are the basic costs investors should consider. From there, take the, subtract these costs, and subtract the minimum profit ($20,000). This is what the purchase price should be. When Can Properties Be Bought for More Than 70%?
and I said it a few times today. Can't get a screw to bite into anything but sheetrock? "I hate my life." Shoveling up soaking-wet drywall debris outside the house in Eddington because I couldn't get it all up before snow and then epic rain hit? "I hate my life." Today was ...