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Real Estate and Home

Homeowners Out of Touch With Reality

by Luke Landes

I have limited access to the internet over the next few days, so there may be only sporadic posting on Consumerism Commentary during that time. I saw Les Christie’s article, Out of Touch With Realty Reality, last night and I found it interesting. If homeowners are convinces that their homes are increasing value even in ... Continue reading this article…

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My Weekend: Packing and Moving

by Luke Landes

My choice for a new apartment isn’t the most frugal decision I’ve ever made, and I’m fine with that. The apartments are in a nicer area, they don’t attract partying college students, and they’re relatively new. That shows in the $1,425 monthly rent. The loft area, while increasing the square footage and appeal, also draws ... Continue reading this article…

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Moving In: Setting Up My Utilities

by Luke Landes

Last week, I called my gas and electricity provider, PSE&G, to transfer my account from my old apartment to the new. The phone system said that I should complete my request online, so that’s what I did. It’s a good thing I called the back earlier this week to verify they had my information. As ... Continue reading this article…

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My Expenses Will Climb in Less Than One Month

by Luke Landes

I recently decided to move to a new apartment rather than stay in my current apartment or buy a house. It’s a bit of an upgrade for me, and it’s been a long time coming. I haven’t written much about the financial effects of this decision other than to say it will be less expensive ... Continue reading this article…

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Buy a Condo or Rent an Apartment: My Decision

by Luke Landes

About a month ago I publicly ruminated on the yearly question of whether to rent again for another year or settle down and buy a house to call my own. I spent a good amount of time weighing the pros and cons of all my options, including putting all my cash into a down payment ... Continue reading this article…

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Where to Put an Unexpected $5,000, Part 3

by Luke Landes

If you’ve been lucky enough to come across $5,000 for which you haven’t been planning, you may be wondering what the best plan would be. Considering CNN has 43 suggestions for you, there are many options. I’ve had some thoughts on CNN’s list which I’ve shared so far here and here. Here is the next ... Continue reading this article…

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3 Reasons Not to Buy a Home

by Luke Landes

On Sunday, I noticed yet another new article describing the benefits of renting over buying a house. I’ve been following these articles with interest as my lease is getting closer to its end date six weeks from now, and I’ve been thinking about what to do. In this article, Liz Pulliam Weston provides 3 reasons ... Continue reading this article…

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Renting Makes You Richer

by Luke Landes

Over the weekend, Moom left a comment on 7 Ways to Kill Your Net Worth after observing a number of mainstream media articles touting the idea that real estate — your own home — is not a good investment. Interesting how now that the housing market is stagnating or going down in many regions there ... Continue reading this article…

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My Next Step: Two Bedroom Condo or More Renting?

by Luke Landes

Those who have been following my travails closely may have a feeling I might need to start contemplating my living situation. About a year ago, a chronicled my adventures looking for an apartment with my girlfriend (one, two, three, four, five, and six) which ended unsuccessfully and with a bit of a scuffle with the ... Continue reading this article…

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New York Times Says It’s Better to Rent Than Buy

by Luke Landes

Yikes. Yesterday I was discussing my living options, and I’m thinking about buying a condominium when my lease is up. I’ve been in this apartment for longer than I had originally planned, and I can probably afford a modest condo. According to a calculator offered by the New York Times, it makes more financial sense ... Continue reading this article…

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Guest Post: 10 Questions With a Professional Real Estate Investor

by Luke Landes

If you’ve ever wondered what it’s like to be a professional real estate investor, Jon’s blog will be helpful. Jon runs 4 real estate companies, managing a total of $50 million in real estate. He does this all while living with Spinal Muscular Atrophy, a degenerative neuromuscular disease. In this guest post, Jon shares answers ... Continue reading this article…

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Guest Post: The Real Estate Bust Around the Block

by Luke Landes

This is a guest post by SVB, the Silicon Valley Blogger. She is a software engineer juggling a family, an IT job, and running her household. At The Digerati Life, SVB discusses finance and business with how-to articles as well as personal stories. I decided to take a nice stroll down our street after months ... Continue reading this article…

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Bipolar Landlords: Revoking Credit Card Rent Payments

by Luke Landes

For the second time since moving into this apartment several years ago, the landlord (a national corporation, not an individual or a family) has decided to stop accepting credit cards for rent payments. While I suppose this is good for tenants who don’t pay their full credit card balance every month, but I’ll no longer ... Continue reading this article…

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Are You Getting a Good Deal on Rent?

by Luke Landes

The last time I moved was several years ago, and I moved from an apartment in the next town over to the apartment where I live currently. At the time, the rent wasn’t the least expensive in town, but it was close. Last night I discovered the Rentometer, which compares your rent to all renters ... Continue reading this article…

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The Cost of Buying a Home: Projected Improvements

by Luke Landes

Last week, I cited an article in the Wall Street Journal outlining the true cost of owning a home over 30 years, which includes much more than just the mortgage. The main issue within the article is a warning to those entering retirement counting on not much more in the way of savings other than ... Continue reading this article…

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The Cost of Buying a Home Over 30 Years

by Luke Landes

So you think it’s such a great decision to buy a house? Well, you need a place to live, and it’s better to own, right? Well, the cost of owning a home is something rarely described by proponents. Buy at $300,000, sell at $1,000,000 thirty years from now (an average 5.66 percent annual growth rate) for ... Continue reading this article…

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What I Did With My Bonus

by Luke Landes

After taxes, my bonus amounted to about $2,000. The funds arrived in my checking account this morning, but thanks to an automatic transfer, the entire sum has been whisked away to a savings account at ING Direct for “relocation.” This account contains the funds that should be used towards my next move, whether a down ... Continue reading this article…

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Renting is Expensive in These Cities

by Luke Landes

My girlfriend is discovering that finding an affordable one-bedroom apartment in the outer boroughs of New York City on a teacher’s salary — even though teachers in New York are paid more than anywhere else in the country — is next to impossible. A real estate brokerage, Marcus & Millichap, must have been following her ... Continue reading this article…

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Investing: Real Estate vs. Stock Market

by Luke Landes

Reminder: This week I am giving away a copy of The Maui Millionaires. There is still time left to enter the random drawing. It’s easy. The gurus tout real estate, real estate, real estate as the way to get rich. It’s perpetuated in the media, penetrating a number of people I know who generally speak ... Continue reading this article…

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US News Annual Investing Guide, Part 5: Real Estate

by Luke Landes

Where is real estate heading in 2007? It depends on who you ask. Alex Markels has submitted his thoughts to U.S. News & World Report for their annual investing guide, and the outlook is grim. Here are some points to take away from the article. * According to the UCLA Anderson Forecast, median new home ... Continue reading this article…

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