Demand for rental apartments in and near cities across America is soaring, as more millennials believe it's cheaper than owning a home.

[tacobell fan]

31 minutes ago, i_sudigadu said:

Stability vunna valle house kontaru kada.. contractor gallam ekkada kona galam 

cc @boeing747

[boeing747]

30 minutes ago, tacobell fan said:

cc @boeing747

dump thatha eppudu pommantado ani chusta ala bathukutunnam babu, nannenduku involve chestav madhyalo

[tacobell fan]

21 minutes ago, boeing747 said:

dump thatha eppudu pommantado ani chusta ala bathukutunnam babu, nannenduku involve chestav madhyalo

Stability unna only candidate 

[no01]

Renting a 2 or 3 bed and under 1500sqft aithe cheaper but when we buy we usually go for bigger house. But I know some ppl who bought townhouses and their monthly EMI + taxes etc etc is almost or just couple hundred $$ more than rent so in that case owing is always best. 

30 yrs tharuvatha house ento kontha appreciate avthundi...plus all that principal amount you paid is yours. Interest and property tax gone I agree but principal + appreciated amount is yours. If you continue to stay in that property after loan is paid off then you just have to pay taxes and repairs etc which is very less than renting. Obviously until we die, we do have to live in a house so it's just not 30 yrs of plan....it's more than that.

Above all, family of 4 plus parents occasionally visiting and local frnds and family andaru intlo enjoy chestharu and there are lot of memories that you can cherish. So house is not just for money sake, it is equally emotional and sometimes we have to let go few and sacrifice for family sake.  

[tacobell fan]

39 minutes ago, no01 said:

Above all, family of 4 plus parents occasionally visiting and local frnds and family andaru intlo enjoy chestharu and there are lot of memories that you can cherish. So house is not just for money sake, it is equally emotional and sometimes we have to let go few and sacrifice for family sake.

nuvvu kuda @boeing747 anna lines lo ne unnav bro

[Idassamed]

4 hours ago, tacobell fan said:

$750k house  -- Closing Cost

 Monthly  Estimate  - $3725 ($2709 Principal + Interest)

Property Tax 1.5% --  $11,500/year

Home Insurance - $260/month

HOA - varies

At the end of 30 years he pay a grand total of  $1.25M  -- Principal $570k - Interest $405k

 

DOWNPAYMENT - $190k  (in order to get above numbers)

Maa BOTs ki good night's sleep lekunda cheathava eti.

[perugu_vada]

4 hours ago, LastManStanding said:

@perugu_vada vuncle oka 2 apartment complex lu katti rent ki ivvachu kadha pillollaki

[former]

1 hour ago, no01 said:

Renting a 2 or 3 bed and under 1500sqft aithe cheaper but when we buy we usually go for bigger house. But I know some ppl who bought townhouses and their monthly EMI + taxes etc etc is almost or just couple hundred $$ more than rent so in that case owing is always best. 

30 yrs tharuvatha house ento kontha appreciate avthundi...plus all that principal amount you paid is yours. Interest and property tax gone I agree but principal + appreciated amount is yours. If you continue to stay in that property after loan is paid off then you just have to pay taxes and repairs etc which is very less than renting. Obviously until we die, we do have to live in a house so it's just not 30 yrs of plan....it's more than that.

Above all, family of 4 plus parents occasionally visiting and local frnds and family andaru intlo enjoy chestharu and there are lot of memories that you can cherish. So house is not just for money sake, it is equally emotional and sometimes we have to let go few and sacrifice for family sake.  

+111

Mee mohal manda annitini Dabbu tho mudi pettakakandi.

Owning a House is Liability not investment. You need to own house for sake of family depends on where you live.

[tacobell fan]

25 minutes ago, former said:

You need to own house for sake of family depends on where you live.

@H1BLife lo there is no permanent place to settle 

[Anta Assamey]



[i_sudigadu]

3 hours ago, no01 said:

Renting a 2 or 3 bed and under 1500sqft aithe cheaper but when we buy we usually go for bigger house. But I know some ppl who bought townhouses and their monthly EMI + taxes etc etc is almost or just couple hundred $$ more than rent so in that case owing is always best. 

30 yrs tharuvatha house ento kontha appreciate avthundi...plus all that principal amount you paid is yours. Interest and property tax gone I agree but principal + appreciated amount is yours. If you continue to stay in that property after loan is paid off then you just have to pay taxes and repairs etc which is very less than renting. Obviously until we die, we do have to live in a house so it's just not 30 yrs of plan....it's more than that.

Above all, family of 4 plus parents occasionally visiting and local frnds and family andaru intlo enjoy chestharu and there are lot of memories that you can cherish. So house is not just for money sake, it is equally emotional and sometimes we have to let go few and sacrifice for family sake.  

+1 

[user789]

16 hours ago, tacobell fan said:

I totally agree, there's no point in owing a house. It's no brainier. When you calculate the interest and total payments at the end of the ownership it's a big disaster. For instance $500k house with 4% interest will cost you $960k at the end of 30 years.

Isn't the interest rate higher in India comparatively ?

[tacobell fan]

7 minutes ago, user789 said:

Isn't the interest rate higher in India comparatively ?

Maybe because income in India is not so great so obviously it makes it harder to pay off.

[user789]

9 hours ago, i_sudigadu said:

+1 

Its also an investment which you can pass it on to your heir.

[perugu_vada]

So entha mandhi kontunaru house