Rent Archives -
Articles Tagged: Rent

Apartments for Rent or Houses for Rent? – Today’s Rental Market

With the U.S. economic conditions steadily showing improvements, marketing to U.S. Regional Interests via Google’s Trends data helps to answer a prevailing question – “are more people interested in “apartments for rent” or “houses for rent”? Legend: Apartments for Rent (blue) Houses for Rent (red) From 2004 to 2013, both U.S. based keyword searches “apartments […]

By  John Brown
| Filed Under: News,Rent

How Much Should You Spend on Rent?

Conventional wisdom has historically limited rent to 25% of your income before taxes. Surveys suggest Americans are paying upwards of 30%, lots of times more. My friends who live in San Francisco often pay at least half their income to a landlord every month. Domu.com’s rent calculator puts “low end” at 20% of income, “middle […]

By  Caitlin Morgan
| Filed Under: Apartment Search,Rent

Is the Recession Good for Rental Property?

Construction of new apartment buildings propelled a housing permits surge in the month of August, according to the US Commerce department.  This will be the largest increase (10.5%) in new construction since April and it brings up many questions for property owners, current landlords, potential tenants, and those of us here at MyNewPlace.com. While the […]

By  snowconant
| Filed Under: Rent

MYTH# 9: Rent vs Buy Calculators

Reality: Most of these calculators are overly simplified and seriously flawed. An economic analysis of the leading calculators found numerous problems. Some fail to include basic costs like maintenance, insurance or property taxes. Others leave out the transaction costs of buying and selling a house.

By  localtalk
| Filed Under: Rent

MYTH# 8: Buying a House Helps Me Save for the Future

Reality: This is a risky and unwise investment strategy. Mortgages can work like a forced savings program. Instead of paying rent, you pay your mortgage and build up equity, assuming you stay long enough to cover the costs of buying, maintaining and then selling the house. But remember, nearly one third of all owners move […]

By  localtalk
| Filed Under: Rent

MYTH# 7: Five Year Rule

Reality: Nearly one third of all homeowners move within five years and many end up losing money. Most people who buy a house plan to stay there for a long time, but many end up moving sooner than planned for job and personal reasons. Short-term homeownership can be a costly proposition. The cost of a […]

By  localtalk
| Filed Under: Rent

MYTH# 6: Low Interest Rates

Reality: Low interest rates may actually serve to make buying more expensive. It sounds counterintuitive, but low interest rates can actually make housing more expensive, not more affordable. How? Well, if low rates bring a lot of new buyers into the market, housing can turn into a seller’s market. Now that there are more prospective […]

By  localtalk
| Filed Under: Rent

MYTH# 5: A House is a Safe Investment

Reality: There are very few risk-free investments and a house is certainly not one of them. House prices are not a one-way escalator going up. They can also go down. Predicting whether a specific house in a specific market will appreciate is very difficult. As financial columnist Jane Bryant Quinn noted, “any single [house] sale […]

By  localtalk
| Filed Under: Rent

MYTH# 4: Housing Costs Stay Constant

Reality: Only your mortgage payment will remain constant. Other costs can go up every year. And if you have an adjustable rate mortgage, your monthly payment can rise too. Your mortgage payment is just part of your housing cost as an owner. You also have to factor in the cost of property taxes and homeowners […]

By  localtalk
| Filed Under: Rent