Comments on: Ten Good Reasons for Owning a Home http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/ Dedicated to your success anywhere in the world Tue, 08 May 2012 18:10:56 +0000 hourly 1 By: Carnival of Personal Finance #79 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/comment-page-1/#comment-518771 Carnival of Personal Finance #79 Thu, 17 May 2012 23:44:00 +0000 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/#comment-518771 [...] Worldwide Success: Ten Good Reasons for owning a home [...] [...] Worldwide Success: Ten Good Reasons for owning a home [...]

]]> By: online stock trading guru http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/comment-page-1/#comment-503187 online stock trading guru Thu, 17 May 2012 22:00:00 +0000 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/#comment-503187 Super-Duper site! I am loving it!! Will come back again - taking your feeds too now, Thanks. I'm Out! :) Super-Duper site! I am loving it!! Will come back again – taking your feeds too now, Thanks.

I’m Out! :)

]]> By: WWS http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/comment-page-1/#comment-501 WWS Thu, 17 May 2012 21:23:00 +0000 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/#comment-501 Thanks Fire Finance, This is an interesting finding, and could be a good strategy for someone who plans to move often. By investing in a REIT fund you get to participate in the Real Estate market with the additional bonus of diversification even if you don't own a home. What you don't get is the leverage from the mortgage and the tax deduction. Thanks Fire Finance,

This is an interesting finding, and could be a good strategy for someone who plans to move often. By investing in a REIT fund you get to participate in the Real Estate market with the additional bonus of diversification even if you don’t own a home. What you don’t get is the leverage from the mortgage and the tax deduction.

]]> By: FIRE Finance http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/comment-page-1/#comment-469 FIRE Finance Thu, 17 May 2012 21:36:00 +0000 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/#comment-469 Thanks for the great post. We have cited you as one of our favorites in <a href="http://firefinance.blogspot.com/2006/12/carnivals-mypersonalfinanceblog.html" rel="nofollow">the round up of COPF#80.</a> BTW when we made an xls and played the real estate game, we came up with an interesting finding. If we rent apartments at a cost less than our mortgage payment and use the entire interest amount in investing in a Real Estate Index Fund (say from Vanguard), the returns are pretty good. Moreover it gives us the flexibility to move around the country where ever we get better employment opportunities to earn higher salaries without the headache of buying, selling and maintaining a house. That energy can be utilized to earn money and invest in an index fund tracking the Real Estate. Sounds fun but this totally our personal view. With best wishes, FIRE Finance Thanks for the great post. We have cited you as one of our favorites in the round up of COPF#80. BTW when we made an xls and played the real estate game, we came up with an interesting finding. If we rent apartments at a cost less than our mortgage payment and use the entire interest amount in investing in a Real Estate Index Fund (say from Vanguard), the returns are pretty good. Moreover it gives us the flexibility to move around the country where ever we get better employment opportunities to earn higher salaries without the headache of buying, selling and maintaining a house. That energy can be utilized to earn money and invest in an index fund tracking the Real Estate. Sounds fun but this totally our personal view.
With best wishes,
FIRE Finance

]]> By: WWS http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/comment-page-1/#comment-373 WWS Thu, 17 May 2012 02:09:00 +0000 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/#comment-373 seamus, House affordability is a real issue in certain parts of the country, including California. Depending on the specifics of the market it may make sense to rent, at least temporarily, if you can't afford to buy. Owning a home makes sense for most people, but I would agree that buying a home you can't afford would not be a good financial decision. seamus,

House affordability is a real issue in certain parts of the country, including California. Depending on the specifics of the market it may make sense to rent, at least temporarily, if you can’t afford to buy. Owning a home makes sense for most people, but I would agree that buying a home you can’t afford would not be a good financial decision.

]]> By: seamus http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/comment-page-1/#comment-364 seamus Thu, 17 May 2012 17:34:00 +0000 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/#comment-364 This is a good post. The 10 reasons are all true, and the 7 guidelines that follow also indicate why I continue to rent. In most of metro California, an average home will cost at least $600k, which by those guidelines requires an income of $240k, a down payment of $120k, and additional cash reserves of at least $60k. What that means is that almost nobody who has bought a home in the last 10 years are abiding by the guidelines. I think I'll keep renting. For 1/2 the cash flow, I can get a great place to live, tax deductions be damned. This is a good post. The 10 reasons are all true, and the 7 guidelines that follow also indicate why I continue to rent. In most of metro California, an average home will cost at least $600k, which by those guidelines requires an income of $240k, a down payment of $120k, and additional cash reserves of at least $60k. What that means is that almost nobody who has bought a home in the last 10 years are abiding by the guidelines.

I think I’ll keep renting. For 1/2 the cash flow, I can get a great place to live, tax deductions be damned.

]]> By: WWS http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/comment-page-1/#comment-131 WWS Thu, 17 May 2012 21:02:00 +0000 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/#comment-131 MoneyMan, Good point. I think that's why there is a concern that the housing market is currently out of balance with income levels in certain parts of the country, which may lead to a temporary price decline. In the long-term it should still be a good investment. Also keep in mind that we are talking about averages. The specific market forces in each region is unique to that particular market. MoneyMan,

Good point. I think that’s why there is a concern that the housing market is currently out of balance with income levels in certain parts of the country, which may lead to a temporary price decline. In the long-term it should still be a good investment. Also keep in mind that we are talking about averages. The specific market forces in each region is unique to that particular market.

]]> By: MoneyMan http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/comment-page-1/#comment-130 MoneyMan Thu, 17 May 2012 20:05:00 +0000 http://ww-success.com/blog/index.php/2006/12/11/ten-good-reasons-for-buying-a-home/#comment-130 Sound advice for those renters out there. The situation looks bleak for many of them, though. The $180,000 you mention could never buy a home in some areas of the country. I am from NYC, and starter homes here run you around $400,000 - $500,000. Hopefully prices return to a more sane level so more of us can stop paying rent! Sound advice for those renters out there.

The situation looks bleak for many of them, though. The $180,000 you mention could never buy a home in some areas of the country. I am from NYC, and starter homes here run you around $400,000 – $500,000.

Hopefully prices return to a more sane level so more of us can stop paying rent!

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