A question for a realtor or investor

1/16/2021 | thescourged1

[BiglyCommentary]

One thing to consider is that if your new mortgage,taxes,insurance housing payment will be higher than what you are currently paying for rent:
You can immediately on move in day decease the amount withheld from your paycheck, by filing a new W4.

Example Scenario:

Current rent $2000/mo.
New MTI: $2200/mo.
Taxes savings: $1200/yr.

Have $100/mo less withheld so your monthly housing outlay is only $100 more, not $200. No need to wait to file next year and receive that $1200.

[posterchild]

What specifically is case against Kentucky? My wife wants to move closer to relatives in NY and I often say KY is the closest I will go.

[posterchild]

I'd also be interested in learning about your open source tools. I notice a recent price drop in my local town's prices in the gentrified area. Its the neighborhood with a lot of small but fancy houses. Often the front yard is adorned with a burn our house last sign such as 'trans lives matter' or 'Biden/Harris.'

[Grim]

Missouri is a great place to live. Good prices and lots of rural residential. I live north of San Francisco and I can assure you that lots of people are bailing out of cities as fast as they can. SF tax base has dried up because retail is shut down and many shops are gone for good. Look at all the homeless encampments in big cities like New York and Los Angeles. People are scared and sick of it and because of the lockdowns people can now work REMOTELY so city dwellers are moving to rural areas where the big metropolitan problems don’t exist at all.

My family was just checking out Missouri and Northern Arkansas and we’re just astonished at how low prices are for rural residential properties. I recommend finding a place with a few acres so you can garden, raise your own food and have a nice orchard. These days you can telecommute or run an online business for income so why live in an urban hell-hole?

In terms of timing, now is a good time to buy because interest rates are really low. That might change under Biden. Get yourself a nice place in the country. If you need city services, get one on the outskirts of a decent town with good medical facilities and shopping. You can drive in from time to time but avoid all the problems of urban living.

[Tired of Taxes]

I'm planning on living there, I don't ever wish to be a landlord.

Mortgage rates are really low right now at 2% to 3%. The advice right now is to buy now to lock into the lower rate before the market changes. So, many, many people are looking to buy now, which means buyers greatly outnumber houses available, which means home prices have skyrocketed.

But, you already live in the house you want to buy, so maybe you won't have to compete against other buyers if your landlord hasn't put your house on the market. On the other hand, your landlord might expect a higher price right now. Whatever you decide to do, good luck!

[moovova]

Thanks for the articles.

[Jimmy Valentine]

The old adage is “location, location, location.”

[Timocrat]

The pension funding ratio is assets in the fund to funding liabilities. Kentucky has the worst ratio. states-pension-crisis-ranked

One of the reasons McConnell may not be averse to bailing out state pension funds under the guise of Covid relief.

[The Duke]

I got a mortgage on a “house in Mayberry” that I’ve been having renovated for resale the past year. This week I’m paying the mortgage off and getting quotes to move there myself.