A reader asked a question on the Mid-Week Open Thread that I thought deserved more discussion here: I’ve been a long time reader of the blog and it has given me great support in waiting for the right house to buy. I have found an REO recently and am interested in making a Cash offer….
Tag: reader_question
Reader Question: Rotting from the Inside on Day One?
A reader emailed me an interesting observation/question in response to yesterday’s discussion of Seattle’s cheap, ugly townhomes. There’s a trio of townhouses very near where I live. They’re interesting because they lay partially framed for (if I’m recalling correctly) more than a year and a half — at least through one Winter/Spring. They actually have…
Reader Question: Refinancing an Underwater Mortgage?
A reader emailed me with an interesting question about refinancing an underwater mortgage: Do you think I can convince my lender to refinance my underwater 30-year mortgage to an underwater 15-year mortgage? Obviously another lender would have no motivation to take over a bad investment. But arguably it could be advantageous to my lender. They’re…
Reader Question: Researching Basement Flood Issues
I received this question from a reader via email: I’ve got a big down payment saved up, still renting, and haven’t found a place to buy yet. When I do, I’m interested in a basement that I can turn into a studio. The reason I want a basement is that I have over $100k of…
Reader Question: Sell Now, or Rent it for a Few Years?
Good question from a reader going by the name “Mr. Ed” in the comments on yesterday’s post: Here’s a real-life question for you all. My wife and I are closing on a house soon. It’s a house of the sort we always wanted, we intend to live there for 15-20 years, and we recognize the…