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June 25, 2007 at 9:30 AM #9379June 25, 2007 at 9:41 AM #61837LA_RenterParticipant
TheChaz,
The information you are seeking can be found in the Bubble Primer at the top of the front page of this blog. Read through those and that should answer most of your questions.
June 25, 2007 at 9:41 AM #61878LA_RenterParticipantTheChaz,
The information you are seeking can be found in the Bubble Primer at the top of the front page of this blog. Read through those and that should answer most of your questions.
June 25, 2007 at 9:52 AM #61841blahblahblahParticipantThe monthly cost of purchasing a home using conventional financing (20% down, fixed rate 30 year mortgage) should be roughly equivalent to (or slightly less than) the rent for a comparable property, after adjusting for tax deductions and maintenance expenses. This was the rule for home purchases for a long time and has only recently fallen out of fashion. Most of us here believe that this criteria will again become the norm in the near future — if it doesn’t we will happily rent properties since it’s cheaper.
Basically if you understand junior high arithmetic, “the fundamentals” are easy to figure out. Of course that rules out about 90% of the US population.
June 25, 2007 at 9:52 AM #61882blahblahblahParticipantThe monthly cost of purchasing a home using conventional financing (20% down, fixed rate 30 year mortgage) should be roughly equivalent to (or slightly less than) the rent for a comparable property, after adjusting for tax deductions and maintenance expenses. This was the rule for home purchases for a long time and has only recently fallen out of fashion. Most of us here believe that this criteria will again become the norm in the near future — if it doesn’t we will happily rent properties since it’s cheaper.
Basically if you understand junior high arithmetic, “the fundamentals” are easy to figure out. Of course that rules out about 90% of the US population.
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