All Forum Posts by: Jesse Gaynor

Someone just sent me this- https://www.nytimes.com/interactive/2024/upshot/buy-rent-cal...

IF, and a big if... IF this is accurate the only way it's financially worth it for me is if I purchase a home under 400K. And even then, i'm not sure this calculator is factoring in the opportunity costs of not earning 10% ROI on the stock market

Hi guys! I can afford a 700K home with 25% down on a 6.5% interest rate. I'm comparing this to investing in an ETF fund, which in the long term averages out to 10% returns per year.

25% down plus all all the closing costs and various expenses could be more than 200K. Given that real estate, in the long term, increases in value on average 4% per year, does purchasing a home make sense?

Things to consider-

-I pay $2,500 rent now.

-Although a home appreciates at 4%, it's 4% of 700K, whereas i'm only earning money on 200K with an ETF stock. 

-I will have more various home expenses in the long term that I would never need to pay if i stayed a renter.

At first glance, my thoughts are i'm not paying $2,500 / month in rent so of course buying a home is a better investment. However, upon further consideration i'm not clear which is a better investment. 

Hello, I would like to buy my first home as a primary residence in Florida. I have enough funds for everything, however i don't qualify for a mortgage. I'm looking for a co signer! I understand the trepidation of co-signing, so i'm looking for a reasonable offer(s) to present to anyone that would consider doing this. 

What I've thought of:

-Offer to show my bank statements for up to 10 years showing I make enough money

-If for any reason I cannot make my mortgage payments at anytime, I will agree to sign over the deed.

I don't have any friends or family that would co sign, so I'm not sure what to do! Two questions-

1. Does anyone know of an individual or company that would co sign with a stranger (me)?

2. What other things can i reasonably offer a co signer to attract them?