Buying a home could be cheaper than renting

There are 15 comments on the KREM-TV Spokane story from Aug 18, 2011, titled Buying a home could be cheaper than renting. In it, KREM-TV Spokane reports that:

New statistics show that depending on your location, buying a home could be cheaper than renting.

Join the discussion below, or Read more at KREM-TV Spokane.

Investinlife25

Canton, GA

#1 Aug 19, 2011
While I understand many people may prefer to rent, it is still a great time to buy. Inventories are high, prices are low, and interest rates are even lower! And instead of paying money to benefit someone else, you will be paying to own your own property. And for some, it's a fantastic time to invest in real estate!

http://www.realestateinvestingus.com/
tribalstylemedia

Mcdonough, GA

#2 Aug 22, 2011
I for one would definitely be buying right now. Either rent it out or fix n' flip. You could always live there as well.

http://www.housesforsalebuckheadga.com
a good citiezn

Kennett, MO

#3 Aug 23, 2011
yea i would love to buy my own home and so would alot of people that i know but when you are on a fixed income and really don't have the credit to buy then your out of luck it is ethier you have money or you can't get a home.
Ron Borg

New Port Richey, FL

#4 Aug 23, 2011
Self employed New Yorkers can still obtain stated income loans as of August 2011.(They are now called "reduced doc") Rates are very low (under 5%) but you will need to put 35% down and be able to verify sufficient assets. Your credit needs to be pretty good too but there is no FICO minimum. If you like to look further into these loans, call me at 347 - RON - BORG
Boat Floater

Miami, FL

#6 Aug 24, 2011
Investinlife25 wrote:
While I understand many people may prefer to rent, it is still a great time to buy. Inventories are high, prices are low, and interest rates are even lower! And instead of paying money to benefit someone else, you will be paying to own your own property. And for some, it's a fantastic time to invest in real estate!
http://www.realestateinvestingus.com/
Isn't it always a great time to buy? We all know real estate only goes up up and away!

Wouldn't you like to ride in my beautiful baloon?

Since: Nov 09

Location hidden

#7 Aug 29, 2011
It is beneficial knowing what is more better and how it will be thus cheaper to us.

Sometime it will be thus necessary for us and also needed.

Since: Jun 11

Location hidden

#8 Aug 31, 2011
Hi friends,

In the big picture, buying is cheaper if your property value is stable in your market.

In the old days you rarely had to worry about depreciation because most homes increased in value yearly. So now a days you need to make sure you are buying in a market that has stabilized from the housing crash. By in large, buying a home is often more expensive on the surface as people can justify spending more each month because not all the money flies out the window like it does when you are renting. While you have crunched some numbers on a 15 year FHA I am willing to bet you are not including either home owners insurance, and private mortgage insurance on that figure so it will likely be another $40-50 per month. In addition as a home owner you are in charge of all maintenance, landscaping (which I hate) and should be putting money aside for the larger repairs that inevitably come up (roofing, water heater, furnace, etc). But you will have this money in what you are saving on rent or the amount of money you will get back from the IRS after you deduct all your interest.

All the best.
- Angela Dixon

Exit Realty Premier: Exitrealtypalmbeach.com

Since: Nov 09

Location hidden

#9 Sep 2, 2011
It is thus necessary for us in several ways of how effective renting will be instead of buying home.

Since: May 11

Location hidden

#10 Oct 22, 2011
Many people may prefer to rent, Moving to a new city means a chance to make a fresh start and get a property that really suits your wants and needs. Of course; buying real estate anywhere other than your current city presents a unique set of challenges. It is the best time to invest in real estate
for a brighter future

Dayton, OH

#11 Oct 24, 2011
my husband and i would love to buy but he has a 6 year old bankruptcy, we don't have good credit or a down payment. the only thing we got going for us is that he has been at the same job for over 5 years. he is a truck driver which is pretty stable in the job market.
ifinancehome

San Diego, CA

#12 Oct 25, 2011
Do you need affordable 1% interest home or business loan with duration of 6months - 10 years? Please contact us at estemepat@gmail.com
Richard

Spring Valley, NY

#14 Jan 5, 2012
a cool mortgage calculator - http://www.dailycalculators.com

Since: Nov 11

Location hidden

#15 Jan 9, 2012
No buying a home is a great deal in your life because you are gaining an asset for you. In case of rent you need to pay the rent value to someone else every month and there will be many problems in living in the rented home instead of paying your money to someone else whom does not know the value of the money you can pay this amount to your banker so that you will have your own home. So try to buy your own home and be happy with your property

Since: Jan 12

Northbrook, IL

#16 Jan 18, 2012
I completely agree. I was paying $1320 per month for a 975 square foot - 2 bedroom apartment last year. I found an Amazing 3 bedroom 1800 square foot home which was perfect. My lease was coming due so I spoke to a friend of mine who's a loan officer for American Fidelity. The only caveat in my situation was my credit score. I butchered my score into the low 500's and my loan officer needed a 620 middle score to get me an FHA loan with 3.5% down. She sent me to http://www.CreditFirm.net where I was able to get my score to 640 within 4 months. I got approved for a mortgage, we closed on the house and I'm paying less on my mortgage now then I was for rent! I just hope the market stabilizes and home prices begin to increase.

“Greenwich Apartments For Rent ”

Since: Oct 11

Greenwich Ct 06830

#17 Jan 18, 2012
As with mortgage rates apartments for rent prices are also down especially in high end communities like Greenwich Ct. Take a look at the luxury apartments for rent and lease at Greenwich Shore ( http://www.greenwichshore.com )
Below are all of the Greenwich Shore apartments for rent and lease that are currently available or will become available in the near future. Greenwich Shore luxury apartments are available in a number of styles, floor plans and price ranges. Greenwich Shore available apartments for rent and lease include 1 bedroom, 2 bedroom, 3 bedroom and penthouse units. View the complete details of all leasing options Greenwich Shore is currently offering. The Town of Greenwich Connecticut is a prestigious community with a comprehensive list of programs and services available to Greenwich Shore tenants. Compare Greenwich Shore condominium style rental apartments and you will see why Greenwich Shore rental units are the finest luxury apartments in Greenwich CT. 06830.
http://www.greenwichshore.com/manufacturer/5-...

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