Should I buy or rent?

Dec 072011
 

So from my estimates if i buy a house for around 30 – 50,000 with about 2000 down (not sure if this is possible I’m just learning about mortgages and such; I’m 24.) I could get a mortgage payment of around 200 – 300 a month. 350 if i go for a 15 year. Not really considering closing costs and such.

I currently pay 600 for this dump where me, my girl, and our daughter live. I also pay for kerosene heat there (I live in upstate NY so it gets COLD) which just about bankrupted me last year.(this place has terrible insulation) would I save money by buying? I have a lot of student loan debt (49,000) so I’m wary of loans. but I cant get ahead when i’m paying that much rent.

PS ;
I realize I could rent somewhere else cheaper but I dont want my daughter in the city or in some apartment complex. I want a little yard where she can play. Maybe i’m asking for too much..

Do these mortgage payment estimates look reasonable and am I missing anything?

Mar 012010
 

Current products: $ 160,000 Downpayment3%. 00 total first $ 4800 principal interest on loans 155.2 thousand U.S. dollars Rate5 the United States. 94 months Interest0. 00.495 million Duration (years) 30 Number of payments (term) 360 paid 925 yuan per month 150 per month property tax dollars (actual amount) Mortgage Insurance $ 80 (guess) for a total of $ 1153 monthly Purchasing Managers Index is the same mortgage insurance or mortgage insurance on top?

Home Insurance Check made out to myself & mortgage holder?

Feb 112010
 


My family was destroyed by Hurricane Ike, I did the estimates and insurance adjuster out. I just received the check for insurance, which is open to me and my company’s commitment law. Can I deposit to my bank account control? I need to get my roof fixed before it rains again, because it is at my house the rain! !

Unemployment

Feb 052010
 
   We are told by  the BLS and other agencies that the US economy  continues to “shed” jobs. The explanations for how and why this is happening get very convaluted and obscure. No one mentions the 800 lb Gorilla sitting in the corner- the continued “off-shoring” of US productive activity and jobs to Asian and Latin countries. The US economy and labor force was beginning to take a hit from this  several years back but now the wall street crisis gets all the blame. How can GNP be rising while employment is falling? Easy, output of US firms regardless of where it takes place counts as US GNP, but the workers producing that GNP are not part of the US labor force. Data on “off-shored” jobs is not available except from industry sources. BLS should be told to start collecting and publishing such estimates asap. Many  things – which  the Globalizers do not want the public to  know – would become much more clear.
 

AIG bailout to cost Treasury $9 billion, CBO estimates

Feb 012010
 

AIG bailout to cost Treasury $9 billion, CBO estimates
The Congressional Budget Office projects that the federal rescue of insurance giant American International Group will ultimately cost the Treasury Department $9 billion, a fraction of what was initially expected.

Read more on Washington Post

MGIC Leads Rivals Higher as New Delinquencies Abate (Update1)

Jan 292010
 

MGIC Leads Rivals Higher as New Delinquencies Abate (Update1)
Jan. 26 (Bloomberg) — MGIC Investment Corp. led U.S. mortgage insurers higher in New York trading after the number of clients alerting the company to potential claims fell and a fourth-quarter loss was less than analysts’ estimates.

Read more on Bloomberg

Taiwan Semiconductor Profit More Than Doubles, Beats Estimates

Jan 282010
 

Taiwan Semiconductor Profit More Than Doubles, Beats Estimates
Taiwan Semiconductor Manufacturing Co., the world’s largest custom-chip maker, posted its highest profit in two years after customers including Texas Instruments Inc. reported sales that beat estimates amid strong demand for chips used in cellphones and computers.

Read more on BusinessWeek

BB&T Beats Zacks Estimates

Jan 232010
 

BB&T Beats Zacks Estimates
BBT reported fourth quarter operating earnings per share of 27 cents, substantially ahead of the Zacks Consensus Estimate of 20 cents.

Read more on Zacks.com via Yahoo! Finance

Fraud costs Britain £30billion a year – far more than previous estimates

Jan 222010
 

Fraud costs Britain £30billion a year – far more than previous estimates
Two men who targeted elderly victims across Britain sent to prison.

Read more on Daily Telegraph

How much is mortgage insurance per month money wise?

Jan 202010
 


I wonder if you can give me an example of estimates from $ 50 to $ 200 U.S. or something similar. A common figure will be useful.

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