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Author Topic: Home Ownership and Your Finances  (Read 1045 times)

Chase

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Home Ownership and Your Finances
« on: April 16, 2016, 12:01:25 AM »

I love calculators like this that can give you answers based on your individual circumstances.


Should you rent or buy? This real estate calculator will help you decide

http://globalnews.ca/news/2563940/should-you-rent-or-buy-this-real-estate-calculator-will-help-you-decide/?

Chase

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Home Ownership and Your Finances
« Reply #1 on: May 11, 2016, 11:09:40 PM »
Fear of missing out (FOMO) is never a good thing when your hard earned money is involved, and the housing market is a prime example to showcase how FOMO results in substantial overpayment.


Fear of missing out leaves millennials taking on big risk in housing market

http://www.theglobeandmail.com/globe-investor/personal-finance/genymoney/fear-of-missing-out-leaves-millennials-taking-on-big-risk-in-housing-market/article29788572/

Chase

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Re: Home Ownership and Your Finances
« Reply #2 on: May 18, 2016, 03:51:31 PM »

This is a great article on the impact your geographical location and the subsequent rise (or fall) in home equity because of your location, has on your net worth.






A Nation of Housing Haves and Have-Nots

http://www.oftwominds.com/blogmay16/haves-housing5-16.html

Chase

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Re: Home Ownership and Your Finances
« Reply #3 on: May 24, 2016, 05:15:51 PM »

If you can't afford the rent in one of these cities, you probably aren't even thinking about home ownership...  :(


5 Cities Where You Must Earn 6 Figures to Make Rent

Here’s how much SmartAsset found you must earn to afford a two-bedroom apartment in the 15 cities:

San Francisco: $216,129
New York City: $158,229
Los Angeles: $145,629
Boston: $120,900
Washington, D.C.: $119,271
Seattle: $98,271
Miami: $90,300
Chicago: $76,071
Philadelphia: $65,100
Dallas: $62,700
Atlanta: $62,614
Houston: $58,971
Riverside, California: $53,100
Phoenix: $49,800
Detroit: $37,971

http://www.moneytalksnews.com/5-cities-where-you-must-earn-6-figures-make-rent/


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