Posted on 18 December 2009
Tags: Pickup trucks, rent vacation homes, Renting, Vacation homes, you should, You Should Always, you should rent
Renting is not always good for everything but there are few things that you should always rent. Here I have mentioned 5 things that you should always rent.
1. Pickup trucks.
If you’re a cowboy or you are working for any construction company, then you get a pass. But other people should think twice before buying a truck as they should think that how much they actually use the trucks.
If you need a pickup only for a few times a year, then you should rent one and instead of that you should buy a car that gets decent gas mileage.
2. Vacation homes.
This happens to many people that when they visit a beautiful place, they love that place so much that they start thinking about owning a little cottage there. Just stop thinking in that way. It is not an easy task to own two homes at a time.
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Posted on 13 June 2009
Tags: benefits, buyer, buying a house, cash business, high prices, higher interest rate, house, house owners, house rent, houses, insurance, Interest Rates, landlords, Low Price, maintenance, Mortgage, mortgage interest rate, Mortgage Rates, purchase price, Real Estate, Realtors, Renting, rents, salaries, taxes, tenant, US Housing Crash
As we all can see that US housing crash still continues it is still not a good time to buy. Those who are thinking to buy a home are making a wrong decision they should wait till the prices falls more. I must tell you that falling house prices are the solution to your problems and not the problem itself.
House Prices are Still High
The prices are still dangerously high as compared to the incomes and rents due to this reason house prices will keep falling in most places. It is suggested by banks that a safe mortgage is a maximum of 3 times the buyer’s yearly income. Whereas the landlords suggest that a safe price is a maximum of 15 times the tenant’s yearly rent.
However both those safety rules are still being violated in coastal areas. Although recently the price has been decreased but buyers are still borrowing 6 times their income and sellers are still asking for 30 times annual rent.
Renting is a cash business that shows those rates what people can really pay, and it does not reflects how much they can borrow. It has been proved by the salaries and rents that the prices will keep falling for a long time. Anyone who bought a “bargain” this time last year is already been suffering from a great loss.
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