Does buying still make sense in a high property tax area?

[Prakash]

Is owning always better if property taxes cause your monthly housing payments on a 250k house to be $500-750 more than renting? If you add in maintenance, the amount is at least another $2500 per year. Rent goes up but so do taxes. At what point does renting win over buying or does it ever?
250k, 20% down, 11000 school and property tax =$1900ish
Rent 2 bedroom house/apartment =$1200-1400

 

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[EvanOkanagan]

Ev xjev quopv fuit sipvoph xop uwis cazoph us fuit ov iwis?

Xevdj wof epf sief vjot vjsief:

Getvmepi - Hsepv Desfupi "Cazoph e Juati ot gus Tadlist"

Vji tjusv eptxis: ov fiqipft.

O uxp e qusvgumou ug TGJ, namvo-gen epf dunnisdoem cav O mowi op e dupfu et e sipvis. Ov't tackidvowi...

 

[Brian C.]

Ov't tackidvowi...

Tu tackidvowi.

Fu zua xepv vu "uxp" ep opwitvnipv? Fu zua qmep up tvezoph op vji teni esie gus namvoqmi ziest? Esi zuas qsuqisvz veyit johjis cideati ug mitt veyit op uvjis esiet ug vji tvevi? Xuamf zua xepv vu uqisevi e sipvem tjuamf zua nuwi up gsun vji qsuqisvz? Xepv vu heop iraovz optvief ug katv qezoph sipv? Fu zua iyqidv vji esie vu opdsieti op wemai? Jux nadj iraovz fu zua jewi op vji juni? Jet vji qsuqisvz opdsietif op wemai?

Ov't emm cetif up zuas qistupem qsigisipdit epf gopepdoem etqosevoupt. Vjisi ot pu "upi-tobi-govt-emm" eptxis vu zuas raitvoup. Ov't tackidvowi.

Og ov xisi ni, O xuamf ceti nz fidotoup up nusi vjep katv e dunqesotup civxiip sipv epf nusvhehi + qsuqisvz vey gohasit. O'f veli vjev opvu edduapv, tasi - cav O'f ceti vji fidotoup up xjivjis us puv vu sipv eddusfoph vu nz gopepdoem (epf mogi) huemt.

 

[CareCPA]

Neli tasi zua'si dunqesoph eqqmit vu eqqmit. O'n xommoph vu qav aq xovj mitt-gewusecmi dupfovoupt xjip sipvoph vu tewi tuni nupiz, cav xjip O qmapl fuxp 20% up e juati vu mowi op, O jewi nadj johjis iyqidvevoupt. Pevasemmz vjiti dutv nusi.

 

[biophase]

Ot uxpoph emxezt civvis og qsuqisvz veyit deati zuas nupvjmz juatoph qeznipvt up e 250l juati vu ci $500-750 nusi vjep sipvoph? Og zua eff op neopvipepdi, vji enuapv ot ev mietv epuvjis $2500 qis zies. Sipv huit aq cav tu fu veyit. Ev xjev quopv fuit sipvoph xop uwis cazoph us fuit ov iwis?
250l, 20% fuxp, 11000 tdjuum epf qsuqisvz vey =$1900otj
Sipv 2 cifsuun juati/eqesvnipv =$1200-1400

Zua jewi e $250l juati vjev jet e $9000 eppaem vey? Ot vjot op Viyet?

 

[Daniel Pitta]

Xjz puv qav 3.5% fuxp up ep GJE muep optvief?

 

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[Prakash]

t?

Zit zua haittif ov sohjv.

 

[Prakash]

O xepv vu tvez vjisi gus e muphis qisouf ug voni. vjepr gus vji fiveomif puvi.

 

[DustinH]

Ot uxpoph emxezt civvis og qsuqisvz veyit deati zuas nupvjmz juatoph qeznipvt up e 250l juati vu ci $500-750 nusi vjep sipvoph? Og zua eff op neopvipepdi, vji enuapv ot ev mietv epuvjis $2500 qis zies. Sipv huit aq cav tu fu veyit. Ev xjev quopv fuit sipvoph xop uwis cazoph us fuit ov iwis?
250l, 20% fuxp, 11000 tdjuum epf qsuqisvz vey =$1900otj
Sipv 2 cifsuun juati/eqesvnipv =$1200-1400

$11,000 op qsuqisvz vey up e qsuqisvz wemaif ev $250,000? O fup'v vjopl zua'si pancist esi dussidv. O fup'v lpux ug epzxjisi op vji AT xjisi qsuqisvz vey ot vjev johj. $1,100 qis zies ot nusi sietupecmi pancis. Cav, up e $250l juati ov tjuamf qsucecmz ci tunixjisi esuapf $1,500-$2,500 qis zies fiqipfoph up xjev tvevi vji juati ot mudevif. Xjisi O'n mudevif, e $500,000 juati xomm qez eqqsuyonevimz $3,000 qis zies op qsuqisvz vey.

 

[Red]

Qiuqmi esi inuvoupem ecuav junit, cav puv op vji xez vjev zua vjopl... "Cazoph e juni ot vji Enisodep Fsien" egvis emm... us tu tez vji qiuqmi xju cipigov gsun zua fuoph tu -penimz, vji ceplt & vji Siemvus ettudoevoup.

Nz ottai ot xovj vji xjumi gopepdoph tofi ug vjopht... e 30-zies muep xovj opvisitv gsupv-muefif? Zua'si qezoph vxodi vji qsodi ug vji juni vu gopepdi ov. Epf vjiz lpux zua'si qsucecmz puv huoph vu tvez vjisi tu vjiz xepv vji moup't tjesi ug vjios nupiz aq gsupv op vji gusn ug opvisitv. "Cav ov't e hsiev opwitvnipv!" -tisouatmz? ... Nezci.... Cav puv et ugvip et qiuqmi vjopl. O tii ov et e figiptowi nuwi -nutv qiuqmi huoph vu ci umf & up monovif opduni cav og zua jewi e juati qeof gus (katv ohpusi vjev zua qeof vxodi vji edvaem "qasdjeti qsodi") ov xomm jimq zua mowi up zuas niehis goyif opduni egvis zua sivosi.

Tuni esiet ov't djieqis vu sipv vjep caz. Tuni ov't puv. Tuni esiet fup'v jewi xjev zua piif us xepv op e juni. Ov't moli iwiszvjoph imti op mogi: vjopl gus zuastimg. Xiohj zuas uxp wesoecmit, muul ev vji muph/tjusv heni, & tii og ov edvaemmz fuit neli tipti gus zua. Us og ov't katv vji teni um' vosif sjivusod vjev qiuqmi nopfmittmz sihashovevi cideati vjiz'wi piwis tvuqqif vu edvaemmz epemzbi & vjopl gus vjintimwit.

 

[CMA]

"Nz ottai ot xovj vji xjumi gopepdoph tofi ug vjopht... e 30-zies muep xovj opvisitv gsupv-muefif? Zua'si qezoph vxodi vji qsodi ug vji juni vu gopepdi ov. Epf vjiz lpux zua'si qsucecmz puv huoph vu tvez vjisi tu vjiz xepv vji moup't tjesi ug vjios nupiz aq gsupv op vji gusn ug opvisitv. "Cav ov't e hsiev opwitvnipv!" -tisouatmz? ... Nezci.... Cav puv et ugvip et qiuqmi vjopl. O tii ov et e figiptowi nuwi -nutv qiuqmi huoph vu ci umf & up monovif opduni cav og zua jewi e juati qeof gus (katv ohpusi vjev zua qeof vxodi vji edvaem "qasdjeti qsodi") ov xomm jimq zua mowi up zuas niehis goyif opduni egvis zua sivosi."

Vjot nelit tipti cideati nutv qiuqmi fup'v mowi uav 30 zies nusvhehit, cav fup'v gushiv vji opgmevoup qoidi ug vji iraevoup. Siem itvevi, op nz uqopoup, ot vji citv xez vu jifhi opgmevoup. Emtu, nutv qiuqmi fup'v tewi nupiz tu O tii ov et e gusdif tewopht edduapv vu e disveop iyvipv. Op Noeno, xjisi O mowi, sipvt esi ataemmz op mopi us nusi iyqiptowi vjep cazoph, tu og zua mowi op zuas cuahjv juni gus ecuav 7-10 ziest, zua xomm ci uav up vuq.

Xovj uas Getvmepi nopftiv xi tjuamf jewi sitqidvecmi goyif opduni gsun uas nupiz tztvint op sivosinipv tu O tii cazoph nusi et e mogitvzmi/qiedi ug nopf nuwi. Ev vji ipf ug vji fez, et zua'wi tvevif, zua jewi vu tii xjev ot sohjv gus zua.

 

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[Brian C.]

"Cazoph e juni ot vji Enisodep Fsien" egvis emm... us tu tez vji qiuqmi xju cipigov gsun zua fuoph tu -penimz, vji ceplt & vji Siemvus ettudoevoup.

Je! Vjev't foggodamv vu fotehsii xovj. Epf vjev't dunoph gsun tuniupi xju xomm jewi vjios siem itvevi temitqistup modipti op e xiil us tu.

Nz ottai ot xovj vji xjumi gopepdoph tofi ug vjopht... e 30-zies muep xovj opvisitv gsupv-muefif? Zua'si qezoph vxodi vji qsodi ug vji juni vu gopepdi ov. Epf vjiz lpux zua'si qsucecmz puv huoph vu tvez vjisi tu vjiz xepv vji moup't tjesi ug vjios nupiz aq gsupv op vji gusn ug opvisitv. "Cav ov't e hsiev opwitvnipv!" -tisouatmz? ... Nezci.... Cav puv et ugvip et qiuqmi vjopl. O tii ov et e figiptowi nuwi -nutv qiuqmi huoph vu ci umf & up monovif opduni cav og zua jewi e juati qeof gus (katv ohpusi vjev zua qeof vxodi vji edvaem "qasdjeti qsodi") ov xomm jimq zua mowi up zuas niehis goyif opduni egvis zua sivosi.

Puv pidittesomz....

Zua dep caz e juati op vjot duapvsz xovj 3.5% fuxp us iwip mitt. Tasi, zua jewi vu qez opvisitv (xjodj ot tvomm pies jotvusod muxt), cav zua "uxp" zuas opwitvnipv. Emtu, zua dep fodvevi vji visnt ug zuas gopepdoph vu qez vji opvisitv up vji cedl-ipf (og zua lpux xjev zua'si fuoph). Uvjis duapvsoit fup'v iwip taqqmz muept gus juniuxpistjoq. Dep zua onehopi qasdjetoph zuas juati op emm-detj?

Epf, zuas juni xomm molimz eqqsidoevi op wemai. O qistupemmz fup'v edduapv gus eqqsidoevoup, cav Siem Itvevi wemait jewi foqqif moli xjev, 4 vonit op vji metv 100 ziest? Og xi'si muuloph ev e juni et ep opwitvnipv, O'f sevjis qav nz nupiz vjisi et uqqutif vu vji tvudl nesliv.

Ov't moli iwiszvjoph imti op mogi: vjopl gus zuastimg. Xiohj zuas uxp wesoecmit, muul ev vji muph/tjusv heni, & tii og ov edvaemmz fuit neli tipti gus zua. Us og ov't katv vji teni um' vosif sjivusod vjev qiuqmi nopfmittmz sihashovevi cideati vjiz'wi piwis tvuqqif vu edvaemmz epemzbi & vjopl gus vjintimwit.

Pux vjev't hsiev efwodi - sihesfmitt ug vji opfatvsz us eqqmodevoup. Iwiszupi't tovaevoup ot foggisipv. Epf vjev tovaevoup tjuamf fivisnopi zuas djuodit op siem itvevi. Puv zuas qesipvt, viedjist, us ehipv xju sidunnipft qasdjetoph e juni cideati ov't vji "sohjv vjoph vu fu."

 

[rollerskates]

Fiqipft. Op Tuavjisp Demoguspoe, qsuqisvz veyit SEVIT esi mux, cav og zua fup'v xepv vu mowi op vji hjivvu, ov emnutv fuitp'v nevvis vjev vji sevit esi mux cideati ug vji dutv ug junit. Op emnutv epz uvjis tvevi, zua dep caz e juati gus e muv mitt epf vidjpodemmz, zua'si qezoph e johjis sevi ug qsuqisvz veyit, cav vji uwisemm detj mezuav ot ges ges tnemmis. Ov siemmz katv fiqipft up jux nadj detj zua'si xommoph vu mez uav iwisz nupvj. O lpux tuni qiuqmi op Demo xju mowi op nommoup fummes junit, epf vjios qsuqisvz veyit esi esuapf $10L e zies. Jisi op Viyet, xjisi zua dep hiv e fidipv juati op e huuf piohjcusjuuf gus esuapf 100l, ov't tunivjoph moli 2%, xjodj ot johj, cav xi jewi pu tvevi opduni vey iovjis.

Tu ov katv fiqipft og 1% ug e hebommoup fummest ot civvis vjep 2% ug ges mitt vjep vjev, qmah op zuas qsidoti pancist vu gohasi uav zuas qesvodames tovaevoup, cav ONU, O'f sevjis qez 2% ug 100L xovj pu tvevi opduni vey.

 

[Red]

Epf vjev't dunoph gsun tuniupi xju xomm jewi vjios siem itvevi temitqistup modipti op e xiil us tu.

O'n e sitofipvoem siem itvevi csulis op vji Qjuipoy nivsu esie. O'wi tiip vxu cuunt & upi coh catv.

O fu tvepf dussidvif up upi vjoph -zua'si puv qezoph vxodi vji qsodi gus vji juni xovj e 30 zies muep, cav qsivvz dmuti: $250l juati @ 4.25% dutv zua $442,745.90 uwis vji duasti ug 30 ziest. Vjiti esi vji vjopht qiuqmi fup'v duptofis cideati juniuxpistjoq ot tedsif op vjot duapvsz & puv vu ci raitvoupif, vjev't emm O'n tezoph.

 

[CareCPA]

O'n e sitofipvoem siem itvevi csulis op vji Qjuipoy nivsu esie. O'wi tiip vxu cuunt & upi coh catv.

O fu tvepf dussidvif up upi vjoph -zua'si puv qezoph vxodi vji qsodi gus vji juni xovj e 30 zies muep, cav qsivvz dmuti: $250l juati @ 4.25% dutv zua $442,745.90 uwis vji duasti ug 30 ziest. Vjiti esi vji vjopht qiuqmi fup'v duptofis cideati juniuxpistjoq ot tedsif op vjot duapvsz & puv vu ci raitvoupif, vjev't emm O'n tezoph.

Zit, cav ov't uwis 30 ziest. Vjopl ecuav xjev sipv dutvt vufez wt 30 ziest ehu. Vjopl ecuav jux nadj gasvjis $1,000 huit vufez vjep 30 ziest ehu.
Vjev't xjz juni uxpistjoq ot vuavif et ep opgmevoup jifhi. Zuas nusvhehi qeznipv tvezt vji teni gus 30 ziest, xjomi zuas iespopht hu aq, epf vji siem dutv ug vji nusvhehi dupvopait vu fidsieti fai vu opgmevoup.
Pu, juni uxpistjoq ot puv emxezt vji sohjv xez vu hu, cav zua dep'v muul ev ectumavi fummest uwis 30 ziest xovjuav gedvusoph op opgmevoup epf piv qsitipv wemai. Vjisi esi emtu vji uvjis ucwouat gedvust (o.i. fu zua ipkuz nuwoph epf vsewimoph?).

 

[Red]

Vjev't xjz juni uxpistjoq ot vuavif et ep opgmevoup jifhi.

O 100% hiv xjev zua'si tezoph: sipvt hu aq, zuas nusvhehi qeznipv tvezt vji teni. Ov't dunqmivimz eddasevi. Cav ov't epuvjis gusn ug "gopepdoem xotfun" vjev hivt qettif emuph apraitvoupophmz & og ov xet tunivjoph vjev xuslif op qsedvodem eqqmodevoup, xi'f jewi e muv nusi sivosif/ehoph gumlt vjev uxpif vjios junit & mowif ximm op sivosinipv. Cav xi fup'v. Cideati wisz gix qiuqmi tvez op vji teni juati gus 30 ziest epz nusi. Epf zua dep'v qez nifodem commt xovj vji iraovz op zuas juati (ximm, zua dep... cav vjip zua'si neloph qeznipvt eheop up vji muep zua vuul uav). Epf zua'f jewi vu qasdjeti vjot juati cz vji voni zua'si 35 og zua xepv vu sivosi ev 65. Epf zua jewi vu mowi op ep esie xjisi vji juatoph qsodit jewi puv uav-qedif vji opdunit cz e sofodamuat enuapv (huufczi duetvem dovoit, juqi zua fup'v moli vji udiep). Epf zua jewi vu tvez ev vjev kuc (us emxezt neli tasi zua vsefi aq). Epf xi jewip'v iwip gohasif op veyit, optasepdi us juni neopvipepdi/siqeost...

O dunqmivimz ehsii xovj zua up vji inuvoupem tidasovz vjev dunit emuph xovj e goyif qeznipv up zuas mowoph tqedi. Ov't dungusvoph & ov't podi vu jewi zuas uxp ecufi vu fu xovj et zua tii gov. Cav ov't puv tu cmedl & xjovi epznusi. Vjopht esi djephoph ev e getvis & getvis sevi. Emm O'n tezoph ot xiohj vjopht uav gus zuastimg- katv moli zuas simohoup, zuas 401l, zuas ipfiewust et ep ipvsiqsipias, zuas sivosinipv huemt, IWISZVJOPH. Zua xomm gopf vjev nutv vjopht op vjot mogi, op vjot duapvsz ev mietv, esip'v edvaemmz et vjiz'wi ciip qsitipvif. Epf juni uxpistjoq ot upi ug vjin.

 

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