21–30 of 256 posts
If you buy, you can do whatever the heck you want to with the house or your yard. That's true freedom and to some people - myself included - worth every penny.
Not true in many, many cases. HOAs, condo boards, zoning laws, and historical societies can control homeowners pretty well.
Two important adjustments when using this: "Investment return rate" -- Only 4%? An index fund will return higher than that. "Monthly common fees" -- Required if you are considering buying a condo. This changes the per month rent comparison dollar-for-dollar.
Just like homes will always go up?
Earlier quoted context omitted.
Surely you jest! The previous version was four years ago (in 2010) and was implemented in Flash. Screenshot: https://twitter.com/driven_by_data/status/469498632027537408
Congrats for a article on the NYT! I can't see whether D3 is used or not - can you shed some light on what did you use?
Author here. Thought I’d highlight my favorite, perhaps non-obvious feature: the slope of the charts tells you whether the variable is positively or negatively correlated with the cost of buying. And depending on the settings, that slope can change from positive to negative. For example with the defaults, the down payment chart is flat. This means the total cost of buying is relatively unaffected by the size of your…
Both renters and owners need a place to live in the future, assuming they're not dead. If we exclude those who live with mommy and daddy or mooch off of other people...
Well, then whether the debt is formal with a mortgage or not makes little difference. Even renters are on the hook to come up with $1000 for the month of October 2016. It's just not in writing.
Author here. Thought I’d highlight my favorite, perhaps non-obvious feature: the slope of the charts tells you whether the variable is positively or negatively correlated with the cost of buying. And depending on the settings, that slope can change from positive to negative. For example with the defaults, the down payment chart is flat. This means the total cost of buying is relatively unaffected by the size of your…
Two important adjustments when using this: "Investment return rate" -- Only 4%? An index fund will return higher than that. "Monthly common fees" -- Required if you are considering buying a condo. This changes the per month rent comparison dollar-for-dollar.
Get ready for lousy stock returns http://money.cnn.com/2014/05/21/investing/stock-returns-low-... "The Shiller price to earnings ratio was designed by Nobel Prize winning economist Robert Shiller to give investors a sense of whether stocks are cheap or expensive. It compares stock prices, as measured by the S&P 500 index, with inflation-adjusted corporate earnings over the past 10 years. "The magic number at the mome…
What I'm not sure about though is how it compares to a traditional principal and interest mortgage. Obviously your interest payments fall as the mortgage amortises... So then how does total interest compare to money spent on rent in that case? That's what most people would be wondering when it comes to evaluating renting vs buying...
Author here. Thought I’d highlight my favorite, perhaps non-obvious feature: the slope of the charts tells you whether the variable is positively or negatively correlated with the cost of buying. And depending on the settings, that slope can change from positive to negative. For example with the defaults, the down payment chart is flat. This means the total cost of buying is relatively unaffected by the size of your…
Earlier quoted context omitted.
Not true in many, many cases. HOAs, condo boards, zoning laws, and historical societies can control homeowners pretty well.
So don't buy where there's HOA, Condo Boards or Historical Districts. That leaves you with a lot of options.
On the plus side, single family homes tend to have far less restrictive HOAs than condos.
If you buy, you can do whatever the heck you want to with the house or your yard. That's true freedom and to some people - myself included - worth every penny.
Well, usually. You can still be subject to HOA restrictions if you agree to them by buying a house in a HOA. You'll also be subject to township/borough restrictions which you can't really opt out of short of excluding entire neighborhoods from your home search (and researching local ordinances beforehand).