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Mortgage Hacks
I've noticed a lot of people these days starting or ending their sentences with "...In this economy..." Times are tough and many are concerned about how they're going to pay their mortgage. Let's face it, many won't be able to make that payment e...
Is Photoshopping a Shady Realtor Tactic?
Bankrate.com has a great story about photoshopped listings which serve to spruce up properties, hide the un-watered lawn, and remove nasty power lines. Would be buyers are duped into thinking the online property listing is in pristine condition. Pho...
You know the economy is screwed when...
Join me at-> http://www.blogcatalog.com/user/housingbubble http://www.mybloglog.com/buzz/members/housingbubble/...
Foreclosure Guide
Two choices in this market.1. Avoid Foreclosure.2. Take it like a man (or woman) (or man, woman, and child with a boat).Join me at-> http://www.blogcatalog.com/user/housingbubble http://www.mybloglog.com/buzz/members/housingbubble/...
Subprime Mortgage Crisis Explained
Found this great image explaining the Subprime Mortgage Crisis.Source -Join me at-> http://www.blogcatalog.com/user/housingbubble http://www.mybloglog.com/buzz/members/housingbubble/...
Home sales, prices plunge in August
Go figure - The economy is in the toilet and the Fed. is asking for taxpayers to chip in $700 Billion."The median sales price fell 9.5 percent to $203,100, the largest price decline on records dating to 1999. As prices fall, buyers are taking advanta...


HometownRenter.com has the questions to ask yourself if it is better to rent or buy in your situation. Do you need the flexibility of renting? or can you afford to stay in your home for at least 5 years or longer?
* Can you afford a 20% down payment?
* Can you afford a monthly payment on a 30-year fixed mortgage?
* ask your CPA ... Does the tax benefit of home ownership offset a potential decline in home value?
* Have you reduced other real estate debt before you add more on this home purchase?
* Does a fixed monthly mortgage payment for the next 15 years outweigh the likely inflation of rents during that same time (called an inflation hedge)
These are broad questions that can have many variations for each individual situation. However, it is a good foundation from which to start your home buying process.
If you are in the market for a rental, visit www.HometownRenter.com to find your next rental home!
Posted: January 16th, 2009 | Report This Comment