yeah, i know..the worst they can say is no. I just wondered if they would laugh in my face or seriously negotiate.
I can rent the $550k house for $2000. There is one on the street for rent. VERY nicely upgraded. Backyard isn’t spectacular..but for a rental it’s nice. It’s 3000 sq ft. 4 BD plus a den. Lots of crown molding, granite, hard wood, stainless appliances… great floorplan. Brand new..built in 2005.
Suppose I rent the house for $2000.
suppose I could buy the same house for $500k even.
how much better off am I by renting it?
I figure a 500k home (100% financed) is goin to run me about $3500/month..give or take…that includes 2% taxes. Add a bit for insurance and HOAs and you are close to $3700-3800. After taxes..say I save $1500/month or so…mayb a bit more… and my monthly outlay is back down to almost $2000 out of pocket…. it’s not exact..but close…
am I missing something…
i’m not worried if the house drps $50k after I buy it.. the house I buy is a hosue I will stay in long term.. 10+ years… I would like the idea of a stable place to stay. the house i’m in now i really like..but the landlord is selling..i probbly won’t buy it..so i have to move. not my choice. i’d like tos tay put but it’s not my house so I have to pick up move. PITA.
if I can get a hosue purchase..that will be roughly equal to buying..wouldn’t it make sense to jsut buy..
unless you can predict that this 500k house will sell for $300k in two years..but i don’t see things falling tha badly…
