What I have found in realistate is what someone said a property is worth means nothing. What matters is what some one will pay for it.
What I have found in realistate is what someone said a property is worth means nothing. What matters is what some one will pay for it.
Brett_Murphy said:STM317 said:In general, buying (or renting) the best neighborhood that you can reasonably afford is typically a really good idea.
I think a lot of people overestimate what they can afford, though, and wind up in debt up to their eyeballs. When I bought a house, I asked myself: can I afford to live there if I wind up unemployed and have to deliver pizza for six months before I find another career based job? Then I bought a house where that was true.
When we were house shopping I sat down and figured out if we could afford it if we suddenly both ended up working minimum wage. So I agree with this method but I also live in a place with very low cost of living. I also bought when the housing market was very very low.
pheller said:SVreX:
What's your experience with asking utilities to move wire boxes?
In my case, its an ISP/Cable provider, a tiny little box blocking access to a beautiful patch of parking area. I've been calling and emailing the utility with little in the way of responses. I know for gas and electric, I'd get responses near immediately, but ISPs don't play by those rules.The box is in a utility easement, but its on the far far outside corner of that easement. The electric and water boxes are much closer the sidewalk.
I agree they likely won’t move it for you. So why not move it yourself? It’s not hard, I did when they moved it into my yard.
They objected I fought them and lost . My punishment was a $65 court cost fine which I paid and the issue is solved. It’s still where I put it.
dean1484 said:What I have found in realistate is what someone said a property is worth means nothing. What matters is what some one will pay for it.
This goes for any object of value.
What I think the Flying V in my closet is worth means nothing compared to what someone will actually pay me for it.
In reply to dropstep :
Real estate tends to be the biggest purchase most people buy. The remarkable thing is that real estate appreciates at the rate of inflation. Not just the portion you own like an investment does.
Assume you own a $100,000 home and assume inflation is 3%. In 10 years the home is worth $130,000. ( plus the effects of compounding)
If you rent you won’t gain that $ 30,000 and likely your rent will go up at least 3% a year if not more. Meanwhile your house payment will remain fixed but slowly more and more of your monthly payment will pay off your principle, unlike rent.
Before you object yes timing comes into place and a lot of other things Impossible to predict. Just like investments. However taxes favor homeownership over investments. At a minimum home ownership affords the owner with shelter.
In reply to dean1484 :
The same could be said of anything. But to say nothing has value is the very height of folly. Things have value otherwise money would have no value.
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