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to buy or to rent?
Those like me who recently graduated from college and are in the process of settling down with a new career may contemplate on finding a new home as a trophy in their quest for independence. On the other hand, the fallout from the subprime mortage mess last year has generated much deflated real estate prices which may fit the bill for many first time home buyers.
And so begs the question: is it better to buy or rent?
This calculator may just very much help deduce the answer...
18 biggest mistakes real estate investors make
Check out the attached article by John T. Reed for a great read if you are remotely interested in real estate investing or would like a reality check from "get-rich quick gurus" (whom I call modern day snake-oil salesmen).
John was a real estate investor for 23 years. He worked as a real estate agent and as a property manager managing office, industrial, farm, and residential properties. He is also the author of 20 real estate investment books. Reed holds a bachelors degree from the United States Military Academy at West Point and a master of business administration degree from Harvard Business School.
1 in 7 homes in Santa Clara County is "underwater"
This is pretty shocking... A recent news report shows that 1 in 7 homes in my hometown (San Jose, which is part of Santa Clara County) have property values "underwater" as a result of the current housing recession. In other words, 1 in 7 homeowners' home values are below what they owed on their mortgages.
Here's a map showing areas of Santa Clara County most affected by homes going "underwater" (click image to enlarge). I am from 95120, which has been minimally affected. Not sure why but most of the hardest hit areas happen to be on the east side. Go figure.
good content
He was to say "what a load of crap!" just for the sake of irony, but I'll refrain
great job i love the picture