Comments on: Renting Versus Buying: Which is Right For You? http://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/ Personal Finance Blog, Your Guide to Financial Fitness Fri, 10 Feb 2012 01:15:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Richhttp://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4927 Rich Tue, 19 Jun 2007 04:08:30 +0000 http://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4927 Welcome to Jacksonville! We moved here last November (southside). You're gonna love it! My first time reading your site. Looks great. Seems like solid advice. Thanks. Welcome to Jacksonville! We moved here last November (southside). You’re gonna love it!

My first time reading your site. Looks great. Seems like solid advice. Thanks.

]]> By: authorhttp://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4913 author Fri, 08 Jun 2007 03:04:34 +0000 http://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4913 Thomas, you're definitely right. property taxes and closing costs add a lot to the cost of buying a house. Make sure the mortgage company gives you a good faith estimate of what you're estimated costs will be to get the keys handed over to you. Thomas, you’re definitely right. property taxes and closing costs add a lot to the cost of buying a house. Make sure the mortgage company gives you a good faith estimate of what you’re estimated costs will be to get the keys handed over to you.

]]> By: authorhttp://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4912 author Fri, 08 Jun 2007 03:03:28 +0000 http://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4912 Yeah, you're right Jacqui. Every time the house sells they jack up the appraised value to somewhere near what you bought the home for. So, you can't go by what someone else paid for taxes unless they sold it like a year later for exactly what they paid for it. Tim, I think I answered your question in another post, I just can't remember which one. I think you should definitely hold off paying off debt for now. You don't want to pay off student loans but then put moving expenses on a credit card. That wouldn't make sense. If it were me, I would pay cash for the moving expenses, and continue paying off the student loans when you are settled in to your new place. Yeah, you’re right Jacqui. Every time the house sells they jack up the appraised value to somewhere near what you bought the home for. So, you can’t go by what someone else paid for taxes unless they sold it like a year later for exactly what they paid for it.

Tim, I think I answered your question in another post, I just can’t remember which one. I think you should definitely hold off paying off debt for now. You don’t want to pay off student loans but then put moving expenses on a credit card. That wouldn’t make sense. If it were me, I would pay cash for the moving expenses, and continue paying off the student loans when you are settled in to your new place.

]]> By: Jacquelyn Hart-McCoyhttp://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4911 Jacquelyn Hart-McCoy Thu, 07 Jun 2007 15:31:48 +0000 http://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4911 Some thing that bit me when I first bought our townhome is that taxes will go up ALOT when you buy your house. I saw that the people before us were paying 900 bucks a year in taxes and thought that is what we would be paying. (Or close to it) Come to find out our taxes tripled. Big surprise! Some thing that bit me when I first bought our townhome is that taxes will go up ALOT when you buy your house. I saw that the people before us were paying 900 bucks a year in taxes and thought that is what we would be paying. (Or close to it) Come to find out our taxes tripled. Big surprise!

]]> By: Tim Coxhttp://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4910 Tim Cox Thu, 07 Jun 2007 14:42:07 +0000 http://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4910 Should one, facing a move, pay off debt in the face of a move? We're currently saving into a money market account but have postponed paying off a higher interest student loan due to the impending move. Any tips on this? Should one, facing a move, pay off debt in the face of a move? We’re currently saving into a money market account but have postponed paying off a higher interest student loan due to the impending move. Any tips on this?

]]> By: Thomashttp://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4909 Thomas Thu, 07 Jun 2007 12:51:07 +0000 http://www.moneycrashers.com/renting-versus-buying-which-is-right-for-you/#comment-4909 Don't forget to include closing costs and taxes into your home buying expenses. When we were in the process of buying a house, it ended up adding about $8,000 to the cost of the home. I know that took us by suprise. Don’t forget to include closing costs and taxes into your home buying expenses. When we were in the process of buying a house, it ended up adding about $8,000 to the cost of the home. I know that took us by suprise.

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