Questions tagged [house]
The house tag has no usage guidance.
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Tax question regarding a house [closed]
I am about to be given (gifted?) One third of my parents home, long story.
I'm guessing that will be an approximate market value to me of 125k, house is worth just under 400k.
So, will I owe tax on ...
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Can you self-direct a 401k to buy you a house?
So, this question came about because I was playing thought games. It is my understanding that a 401k isn't really an account type, but a thing with the tax code. Most employer sponsored 401k accounts ...
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Is investing in S&P 500 a wise choice if you plan to purchase a house in 10-15 years?
My total compensation is $168k/year ($285k gross) and my goal is to purchase a house in the range of $1M to $2M. I plan to invest my savings in the S&P500 for about 10-15 years, hopefully, to make ...
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Do I have to pay the stamp duty additional charge when purchasing a house abroad?
I am in the process of purchasing a house in the UK. I own another house in Italy. I work and live in the UK.
Do I have to pay the stamp duty additional charge?
If I do so, do I qualify for stamp duty ...
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Should I Buy a Cheap Apartment in Manhattan? [closed]
I am a recent college graduate and have been offered a job in Manhattan with a salary of $160,000. I am planning on living in the city for at least the next 10 years, and I am trying to decide whether ...
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We don't own the land so is our house nearly worthless?
We live in Japan in an urban environment- lots of big apartment building around. The house is post-war house that extended and has an antiquated arrangement whereby a rich person owns the land and we ...
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What is the formula for calculating the max value of a home purchase, including monthly property taxes
How can I adjust the present value formula (PV) to account for also having to pay monthly property taxes?
If I know how much monthly payment I can afford (PMT), I can use Excel's PV formula to ...
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Strategy to Negotiate a House Purchase in an Uncertain Economy [closed]
My wife and I are interested in buying a house here in our town (near Chicago), which is usually a strong real estate market. We have a decent income and good credit. We are living in a two-unit ...
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What to do when the seller of a property does not honor a memorandum of sale?
I put an offer on a property which got accepted, and the memorandum of sales (MOS) has been created, but the seller still chose to go with another buyer. What is possible in this situation? Does the ...
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What account to draw from for a first-time home buyer? (Canada)
Assuming I need 35K for a downpayment and I have 50K in an RRSP 50k in a TFSA and 20k in a non-registered account— which account is it best to draw from? My assumption is that cleaning out the non-...
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If a home has increased in value, why would an essential component of the home depreciate?
My parents bought a new home a few decades ago, and since then the value of the home has increased significantly.
They just told me there is some damage to the roof (which is the original roof) and ...
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Do you have to take the exact loan amount your are pre approved for?
If you get preapproved for say, a 100k house loan, but then find a house for 110k, are you contractually bound to pay at most a 10k down payment? or are you able to still pay a 20% down payment of 20k ...
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Why not pay down payments on multiple houses and hand them to rental management companies?
As I understand it, rental management companies will handle finding and to some extent communicating with tenants, and will perform maintenance and repairs on the house. In the city and surrounding ...
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How much mortgage is too much?
I'm buying a house and decided against renting out a place because I feel like it's almost a waste of money, and, most importantly, the rent of a small 40 m^2 apartment in the middle of nowhere is the ...
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Wired to the wrong account
Recently, I sold my house that I've been living in for over 20 years. It was almost all paid off, so I got a huge amount of cash in my account. (About 5x my yearly salary).
I bought a new house, and ...
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