Is Your Home Really A Safe Investment?

buying a house as investment

Buying a house is widely considered to be one of the best investments you can make. If you own your home, then your housing payments are being put to use to pay off your mortgage and eventually make the house 100% yours. Rent payments are simply gone forever. But some homeowners think of their houses as more than just homes: They expect to make a substantial profit on the purchase. Here’s why that can be a really bad mindset to have. Home prices While it’s true that home prices steadily…

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NYC’s Tipping Point: Buyers Need 5.6 Years To Break Even on Home Purchase

buying or renting

For New Yorkers considering buying a home, 2017 has been a tough year. A combination of rising mortgage rates and higher home prices in many parts of the city have decreased the affordability of purchasing a home. Moreover, a softening in the rental market throughout the city has made renting more attractive relative to buying, causing some potential homeowners to postpone their purchase. Given these circumstances, the latest StreetEasy Tipping Point analysis shows buyers should be prepared to spend a longer time in their home than in the past for…

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Know What To Look For When Buying A Home

Home Problems You Shouldn’t Ignore Home ownership is most people’s dream come true. Often, home buyers find themselves overwhelmed by the process of buying a home and overlook many of the telltale signs that a home might not be all they think it is. More specifically, in these days of  internet and ‘virtual tours‘, people are tempted to make an offer, simply by what they see on a realtor’s website. This is a big mistake, as you only get to see the positive aspects of the home. It will always be good practice…

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Majority Of Americans Say It’s Time To Buy

Majority Of Americans Say It's Time To Buy - Laffey Knows

According to a recently conducted poll from Gallup, 66 percent of Americans say it’s a good time to buy a house. That’s up 12 percent from where it was following the housing crash but down slightly from the past few years. Most likely, the recent dip in optimism is a reaction to higher home prices. Low prices and record mortgage rates made buying a house an attractive proposition in the years following the crash. However, as surging demand depleted the stock of houses available for sale, home values shot up.…

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