Me has bought a house!!!
Jun 9th 2004, 6:58 pm
#16
BE Forum Addict
Joined: Jul 2002
Location: Arizona
Posts: 3,113
Congrats!.
Jun 9th 2004, 7:38 pm
#17
@matthewb76
Joined: Jul 2003
Location: Missouri
Posts: 21,886
Re: Me has bought a house!!!
Originally posted by Henry George
Be a man and move to the city. Dumbass!
Be a man and move to the city. Dumbass!
Jun 9th 2004, 8:01 pm
#18
Not living a 9 to 5 life
Joined: Jun 2002
Location: North Carolina
Posts: 11,061
Re: Me has bought a house!!!
Originally posted by manc1976
nice, no more of that please.
nice, no more of that please.
Jun 9th 2004, 8:02 pm
#19
@matthewb76
Joined: Jul 2003
Location: Missouri
Posts: 21,886
Re: Me has bought a house!!!
Originally posted by NC Penguin
If you think you're a man in Michigan, go move to Detroit!
If you think you're a man in Michigan, go move to Detroit!
Jun 11th 2004, 10:07 pm
#20
Forum Regular
Joined: Mar 2004
Location: Folkestone in Kent to Chicago
Posts: 147
Re: Me has bought a house!!!
We love Chicago, and so will you. Suburbs are great if you're like me with a young family. If I was single - now that's a different story, but swap places -------------------------- NEVER !!
Comon England !!!
Comon England !!!
Originally posted by BritishInOhio
So nearly 2 years to the day of arriving here in USA me and the wife have bought a house in the Chicagoland area, yipee no more apartment living for me!!!
Getting a morgage...... no problem!!!
So nearly 2 years to the day of arriving here in USA me and the wife have bought a house in the Chicagoland area, yipee no more apartment living for me!!!
Getting a morgage...... no problem!!!
Jun 12th 2004, 2:16 pm
#21
Guest
Posts: n/a
Originally posted by Ben
Congratulations to those who have recently purchased a home. Enjoy the tax benefits you get 'cause you certainly can't get them in the UK anymore.
We bought our American home 18 months after arriving here and love it, love where it is, love the neighbours and love the school district. Hope you are as luck as we have been
Congratulations to those who have recently purchased a home. Enjoy the tax benefits you get 'cause you certainly can't get them in the UK anymore.
We bought our American home 18 months after arriving here and love it, love where it is, love the neighbours and love the school district. Hope you are as luck as we have been
I was interested in your comment about the tax benefits - just what are they and how do you get them? I can remember hearing something about "homesteads", but forgot to follow up on it.
Jul 11th 2004, 10:07 pm
#22
Just Joined
Joined: May 2004
Location: michigan (at the moment)
Posts: 3
Re: Me has bought a house!!!
Originally posted by elfman
Yesterday I handed over the downpayment check for the house the Mrs and I are buying - 18 months and 5 days after moving to the US. It's in Mount Tabor, NJ and is actually more of a cottage than a house - built in 1878 and v cosy.
No more apartment living and no more sodding rent. Our mortgage payment, insurance, property tax AND major commuting costs (ie wife's monthly train and ferry passes) added together will be less than the rent we pay at the moment.
Will miss Hoboken but strangely looking forward to life in the burbs. Feels good getting on the property ladder but at the same time a bit daunting - we never bought anywhere in Britain.
Yesterday I handed over the downpayment check for the house the Mrs and I are buying - 18 months and 5 days after moving to the US. It's in Mount Tabor, NJ and is actually more of a cottage than a house - built in 1878 and v cosy.
No more apartment living and no more sodding rent. Our mortgage payment, insurance, property tax AND major commuting costs (ie wife's monthly train and ferry passes) added together will be less than the rent we pay at the moment.
Will miss Hoboken but strangely looking forward to life in the burbs. Feels good getting on the property ladder but at the same time a bit daunting - we never bought anywhere in Britain.
Jul 11th 2004, 10:50 pm
#23
BE Forum Addict
Joined: Mar 2003
Location: Florida
Posts: 1,296
Originally posted by Brit'n'TX
We bought a house here about 11 months ago, after having been here for a year - after the stupid prices in the UK I was amazed at what you can get for your money here in Central Texas.
I was interested in your comment about the tax benefits - just what are they and how do you get them? I can remember hearing something about "homesteads", but forgot to follow up on it.
We bought a house here about 11 months ago, after having been here for a year - after the stupid prices in the UK I was amazed at what you can get for your money here in Central Texas.
I was interested in your comment about the tax benefits - just what are they and how do you get them? I can remember hearing something about "homesteads", but forgot to follow up on it.
If you mean Homestead Exemption- you should claim it as soon as possible. Here in FL, Homestead exemption is worth about $500 a year off your property taxes. You can claim it on your permanent residence and it reduces the taxable value of your home by $25,000. You only have to fill in the forms once and you automatically get it every year you own the house. Find your local property appraisers office for details on how to claim.
Tax benefits - with a mortgage you can start itemizing on your tax return instead of taking your standard deduction. All the mortgage interest you've paid for the year plus property taxes normally take you well over your standard deduction. And itemizing allows you to claim other miscellaneous deductions such as charity donations (which includes the fair market value of anything you give to goodwill etc), medical and dental, job expenses etc etc. It often means a sizeable refund. It's the biggest tax break out there, which is why I don't understand some expats who come out here and buy houses outright. People here don't pay their mortgages off for this reason.
Jul 12th 2004, 4:23 am
#24
BE Enthusiast
Joined: Sep 2002
Location: Tampa, FL
Posts: 916
Congrats to all those that have recently bought their homes here. Just wondering why it took you all so long to do it.
We moved in to our first home 5 weeks after arriving. The first week we arrived, I was straight down to the brokers and sorted out a loan. Best move we ever made.
Cheers
We moved in to our first home 5 weeks after arriving. The first week we arrived, I was straight down to the brokers and sorted out a loan. Best move we ever made.
Cheers
Jul 12th 2004, 11:22 pm
#25
BE Enthusiast
Thread Starter
Joined: Jan 2003
Location: Chicago, was in Ohio, Go Bucks
Posts: 366
Re: Me has bought a house!!!
Originally posted by larallen
hi, just as a matter or curiosity how much did you pay....we are living in michigan we would like to move to chicago....we went for a visit and we love it there...bye ...mad
hi, just as a matter or curiosity how much did you pay....we are living in michigan we would like to move to chicago....we went for a visit and we love it there...bye ...mad
Jul 13th 2004, 12:26 am
#26
Lost in BE Cyberspace
Joined: Oct 2003
Posts: 22,105
Re: Me has bought a house!!!
Originally posted by BritishInOhio
We paid $495,000 for a 4 bed 3 bath,
We paid $495,000 for a 4 bed 3 bath,
:scared: :scared: :scared:
Well sticker shock me. Anyway, congrats and hopefully it will be us soon. Renting sucks big time and I miss my own house.
Jul 13th 2004, 1:47 pm
#27
Just Joined
Joined: May 2004
Location: Chicago's South Side
Posts: 18
Re: Me has bought a house!!!
Originally posted by BritishInOhio
We paid $495,000 for a 4 bed 3 bath, but you can find all kinds of prices here, just like most cities.
We paid $495,000 for a 4 bed 3 bath, but you can find all kinds of prices here, just like most cities.
Huh! I bought a 3 bed 2 bath for $175,000!!! You were ripped off dumbass!
Jul 13th 2004, 1:50 pm
#28
jingling
Joined: Sep 2002
Posts: 18,123
Congrats on your new home BIO Very happy for ya.
Juliet
Very happy for ya.Juliet
Jul 13th 2004, 2:42 pm
#29
Lost in BE Cyberspace
Joined: Oct 2003
Posts: 22,105
Re: Me has bought a house!!!
Originally posted by Henry George
Huh! I bought a 3 bed 2 bath for $175,000!!! You were ripped off dumbass!
Huh! I bought a 3 bed 2 bath for $175,000!!! You were ripped off dumbass!
