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What your house is really worth

Posted September 15, 2008 - 19:14 by Philip Brewer

Real Estate and Housing

A nice house

There are several things you can do with a house that you own. During the housing boom, most of the attention was focused on two of those things: You could sell it, or you could borrow money against it. Now that the bust has arrived, it's easy to see the limitations of that particular model. Happily, there's a more stable, more useful way to value your house.

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Think you can afford more house in the exurbs? Think again.

Posted August 15, 2008 - 02:37 by Philip Brewer

Real Estate and Housing, Cars and Transportation

Condos for sale--Live in the energy of downtown

Many people who live in the far-out suburbs move there because they can buy more house for the money than they can in town. As an example from where I live, a house in Champaign-Urbana would cost about $60,000 more than a comparable house in one of the nearby towns or villages. If you do the math, though, $60,000 is a pretty small sum, compared to the cost of owning one extra car.

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