Posted October 15, 2008 - 17:25 by Nora Dunn
When stock markets go down, people tend to thank their lucky stars they own real estate, and others yet rush to the real estate market as a safe haven. But real estate isn’t always what it is cracked up to be either. Here are six common myths about owning real estate.
Posted September 15, 2008 - 19:14 by Philip Brewer
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.
Posted July 29, 2008 - 03:53 by Philip Brewer
I don't think much of the "buy low, sell high" model for house purchases. I think a house should be purchased as a place to live, in which case the main questions are whether you want to live there and whether you can afford it, not whether prices have hit bottom. Still, it's a question of interest to a lot of people, so I've been meaning to write an article on the topic. Happily, Vladimir Klyuev, an economist with the International Monetary Fund, has written it, so I don't have to.
Posted September 4, 2007 - 12:38 by Philip Brewer
Everybody has seen a rent-versus-buy analysis. On one side you add up the mortgage, taxes, insurance, and maintenance costs (being sure to adjust for the tax write-off of the mortgage interest). On the other side you add up, well, just the rent, really. Then, at the end of 30 years the homeowner has a house and the renter has... nothing. Here's a different way to look at it.
Posted February 2, 2007 - 20:12 by Lynn Truong
My wife and I were house shopping and we decided to make an offer on a condo. We threw out a low-ball offer for the condo and, to our surprise, the seller's agent was very eager to work with us. He negotiated on our behalf with the seller, and basically came back and said that if we could raise our offer a little bit (but less than a competing offer) he would convince the seller to give it to us. Why would the seller's agent go so far for us?
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