patrick.net
An Antidote to Corporate Media
1,265,320 comments by 15,127 users - Blue, TechBrosWon online now
calculating monthly cost of owning a home
invite response
2011 Jun 22, 4:54am 17,231 views 47 comments
« First « Previous Comments 47 - 47 of 47 Search these comments
Â¥
2011 Jun 28, 3:54pm
SHE wants a house, and it’s YOUR job to buy it for her, cost be damned. Not PC, but I honestly believe that’s how it works for most people.
I joked about the "nesting" instinct at my friend's housewarming party in the Sunset in mid-2000. I thought they were buying rather late in the cycle, and was right, until the damn market got reset with Greenspan's post 9/11 interest rates and all the mortgage craziness.
How's this for a synopsis of the market:
May 25, 2011 Sold (Public Records) $530,000 -2.5%/yr
Oct 27, 2004 Sold (Public Records) $627,000 6.9%/yr
Apr 27, 2000 Sold (Public Records) $465,000 27.5%/yr
Aug 06, 1997 Sold (Public Records) $240,000 0.7%/yr
May 02, 1991 Sold (Public Records) $230,000 --
they made a good flip and moved to a more family-friendly nabe in 2004.
« First « Previous Comments 47 - 47 of 47 Search these comments
I am trying to build a spreadsheet to calculate the monthly carrying costs of a home.
Here is what I have:
1) mortgage (easy to calculate)
2) home owners insurance ( ~1000 / year, is this reasonable ?)
3) property tax (easy to calculate using county's tax rate)
4) special assesments / parcel tax ..etc. These are special taxes for supporting schools ..etc. (how do I calculate this?)
5) HOA (easy)
6) maintanance (is this around 1% of home value / year? )
7) any other costs I shoudl consider?
any tips appreciated
thanks
#housing