2006-10-28 02:52:53 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
if it is because you are worried what others think, then no...but if you feel unsafe then yes
2006-10-28 03:01:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
when it comes to real estate there is an expression that goes like this "it is always better to own the worst house in the best neighborhood then the best house in the worst neighborhood"
however this is a pretty tough question to actually answer without knowing you but i would agree with some of the answers you have gotten except you have to decide what is important to you.
if you have the ability to sell your house and make enough money on it so that you can move into a "better" neighborhood this may be a good time to do it. now, you may say that prices are going down so why not wait? that may be true but you need to realize they will go down in your area too and you probably have less of an equity spread. so, if you sell now you can make money and you don't have to worry about what is going to happen over the next few years since you will be living there and not selling in the near future and when prices go up you will be with all probability in a much better situation.
if you would like to discuss this further, i will be happy to help you. feel free to call me at 1-877-472-6810 or send me an email.
good luck
2006-10-28 16:50:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, yes and yes again. You don't feel safe and you put that in one sentence.....I want you to feel better every single day.
Perhaps if it's too expensive right now because mortgages are higher, you could install a burglar alarm system....installation is discounted if you have a 1 or 2 year contract that's paid off if you move ahead of that time.
Have a realtor calculate the amount you would get and how much to buy a new home.
Closing costs are in the thousands and somehow you can add that to the mortgage.
Your peace of mind and safety are worth it.
2006-10-28 09:57:37 · answer #3 · answered by May I help You? 6 · 0⤊ 0⤋
As I get it you own the house you are living in. See if you can get yourself a tenant to rent out your house to, also find a place you want to move to. If your house is not mortgaged you can do so and get a loan to purchase another while using the rental from your present house to pay off your loan. At the end of it you will own two houses ... with a bit of math you and help from someone to understand loans and taxes this could work out good for you !!
2006-10-28 11:06:50 · answer #4 · answered by Ninze 1 · 0⤊ 0⤋
There's a difference between a not so good neighborhood and a bad neighborhood. If it's dangerous, then move. Otherwise, you live IN the house not outside of it. You'll save alot of money by paying less for rent or mortgage, taxes, etc and have more money for other things. There is proof that millionaires live in houses and lifestyles far below what they could afford. That's how people with money have money. As long as there's love IN the home, who cares what neighborhood you live in???
2006-10-28 09:57:18 · answer #5 · answered by Anonymous · 2⤊ 0⤋
if you're renting, then maybe. If you own it, then I say probably not. Home prices have dipped lately, but if you look at what you can sell for versus what it will cost in a nicer neighborhood, you will find, most likely, that the nicer areas are more expensive. Also, look at the trends and what your neighbors are doing. Many older, more run down neighborhoods are getting cleaned up and nicer because they are still "affordable" for middle america. It takes time for a change though, so be patient.
2006-10-28 09:59:19 · answer #6 · answered by bathagent 2 · 2⤊ 0⤋
If you own this house, then find a tenant. It's not worth living in fear.
2006-10-28 10:02:44 · answer #7 · answered by catcher 3 · 0⤊ 0⤋