advice to student about buying a house - Article Example

Only on StudentShare

Extract of sample
advice to student about buying a house

According to Mr. Buffetts principle, the more people fear home ownership, the closer the investment comes to perfection. Although around 30% to 50% of current mortgages have sunk in the recent years in the U.S. market, recent weeks have seen good terms of investment which means that the market is not extremely on the negative side. Besides, housing prices have been on the rise tremendously with Case-Shiller Index rising by 2.2% in more than 20 urban cities such as Atlanta, Chicago, San Francisco and Minneapolis. This increase has been on the rising trend which makes renting not a better alternative.
Buy a house when you are fully prepared to settle down in one place. The housing market is very volatile. Prices rise and fall within few years or even months. Buying a house when you have not decided to stay for long exposes one to transactions of buying and selling and thus the risk of losing more money during reselling. Another problem is capital gain tax which will be required of you if you sell the house at a profit. This indicates that either way, it is a loss-loss situation.
Buying a house is feared by many people because of mortgage charges. However, proper analysis of renting a house reveals other underlying costs in renting a house as opposed to buying a house. Buying a house is a good investment when done ...
Download paper


While renting may sound to be the better option of getting residence, the monthly rent paid to the landlord may make the buying option more plausible in the long run. Assessment of potential houses should…
Author : grimeskeven

Related Essays

House Arrest: Annotated Bibliography
A number of inmates who were released were not eligible for the program and were subsequently arrested and reimprisoned. The prisoners were not given notice or warning about their reimprisonment, and some appealed the process. The article finds that the inmates should have been given notice before their arrest and reimprisonment. The article tells of a particular case of poor decision-making, and is not generally applicable to most people under house arrest. It is a report of a specific incident that occurred and how it was resolved, rather than a consideration of house arrest itself Civic...
4 pages (1004 words) Essay
Letter of Advice Paper
Intimacy or interpersonal interactions in relationships such as romantic attachments and marriage are challenging. There are various barriers that hinder effective interpersonal interactions. One of these barriers is the different personalities individuals possess. With diverse personality, comes diverse perception that may lead to discrepancies in relationships as each person views their opinion as the right one. A second approach one can take is in light of the standpoint theory. Standpoint theory argues that individuals see the world differently because of their unique positions in society....
5 pages (1255 words) Essay
Result of Survey About Consumer's Buying Preferences towards Technological Goods Produced using Sustainable Business Practices
II. Introduction Knowing the preference of a market or determining how will consumer respond towards a certain good is critical to a business success especially when it is about to introduce a product in the market. The information regarding the market’s preference, behaviour or response towards a certain product is critical because this will give the company an idea whether to push through with the product or not and if ever it will push through with the product, on how will it position itself in the market that would optimize its success. In the case of this paper, the research will...
4 pages (1004 words) Essay
Expert advice on being a successful student
However, the university experience is not all about study and academics, it is also about finding a proper social fit with unique peers from many different cultures and social backgrounds. Being a successful student is about being able to successfully blend social, recreational, and study in a way that is rewarding, careful, and mature. To see the best ways to gain this necessary balance, I decided it would be wise to interview two experts that are quite familiar with the academic demands required at the University of Indianapolis and its many social systems. To find out this expert advice, I...
5 pages (1255 words) Essay
For this essay, you are to present your opinion about why a university student should or should not stay in school.
I identify a number of advantages to support this position. Arguments for staying in school Staying in school to complete university education has many benefits in the student’s life in school, life after school and to the student’s immediate society. One of the sets of benefits of staying in school is the available opportunity for the student to develop professional and social networks. Interactions between a student and lecturers and other professional stakeholders to higher education for example establish a person’s initial networks with professionals. This also allows mentorship to...
3 pages (753 words) Essay
Client legal advice letter
However, such discussions must always take place to pave way for proceeding course of action. I is notable that carrying out a detailed research into the occurrences that led to the situation is important in aiding the research and legal choice taken thereafter. This is because the information which is provided by you directly influences the legal process. Consequently, you are supposed to take a look into the case and submit a written report highlighting all the errors which might have been committed while serving you. Every detail is important since even overlooking a single piece of...
5 pages (1255 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!