Are you suitable for purchasing a house or renting a house?

Today, housing prices in many parts of the United States have fallen sharply, and the bank's interest rate is very low. It seems that it is a good time for people to purchase their first house after the 80 s.
In some cases, the cost of purchasing a house is almost the same as that of renting a house for a long time. However, there are still many uncertainties in the property market and the economy-so it is complicated to make a decision.
Nicole Stivers, 24 years old, is in Contra County, cotractos, California.
Costa
County) engaged in PR. In February this year, he and his fiancé bought their first house. She called the current situation a "Perfect Storm" -- the two of them work stably and want to settle down. At present, there are a large number of houses that have lost their redemption right, and first-time buyers can enjoy a tax relief of $8,000-they can seize this opportunity.
Of course, they do not make this decision completely, that is, they do not
. "If both of us are unemployed, do we still have to afford the house? Can we make a down payment? Is my money enough for migration? The first time I bought a house, it was really a headache. "
Before deciding whether to buy a house or rent a house, consider the following questions:
How long are you planning to stay in the new house? Center for Economic and Policy Research
Policy Research Co-Director Dean Baker
Baker) said, "Buying and selling real estate transactions are expensive." Therefore, if you plan to buy a house, you have to stay for at least one month.
Why? The fees required to buy a house and sell it again-including the real estate agency fee, transfer fee, purchase and sale fee, the fee charged by the House examiner and the estimated cost-are about 10% of the house price, or the rent is roughly equivalent to a year and a half. Baker said, "If you allocate the fee to 10 years, it is not a large amount. However, if you want to allocate the fee to two years, it means, you have to pay a lot for a house in a short time. "
Can you afford the monthly cost? In some cases, the monthly fee is similar to the monthly fee for renting a house. However, after buying a house, the monthly fee will be charged in addition to the monthly fee.
You need to understand the economic burden after buying a house-and also to see if you can afford it-"Drill" and pay off monthly. Financial education company
Gary somura, finesse's Registered Financial Planner
Smola) said that monthly payments, property taxes, maintenance fees, public service fees, and other house-related fees can be stored in a separate account each month.
What is the rental/sales ratio? Daniel Morris, a registered public accountant in San Jose, California
Morris said that in some areas of the United States, the price of real estate fell sharply, but "no one knows what the next trend of the real estate market is. "
If you want to determine whether it is cost-effective to buy a house or rent a house in your region, you can compare the house price with the rental price of similar houses.
Baker believes that if the result of dividing the house price by the rental price of one year is greater than 20, "I am worried that the house price will likely fall again." You should consider waiting for a while. He said, if the result is less than or equal to 15, "the purchase should be quite safe," because the house price will remain stable and even rise.
How is your current job and relationship with your partner? People in the Post-80 s are still working hard, and their personal lives often change. Maybe they are more suitable for renting a house in a flexible way.
Morris said, but, "If your job is very stable, you are very satisfied with the status quo ...... Personal life is also relatively stable, "buying a house is a more attractive choice.