by Edward Thorby | 11:01 am

Opinion: Getting Out Of The City For More Affordable Housing

With the way the property market is right now, the prices of houses in major cities will become more and more unaffordable for the middle-class American. But the farther away you go from the city the cheaper properties get. With the help of government improving infrastructure the common citizen might be able to afford housing while working in the city.

There was once a time in history that people needed to live a few blocks from the workplace in order to have a proper job, but with the access to public transportation and private vehicles the middle class was able to move to places farther away from the city, these places are now known as the suburbs. It was only later in the 20th century were we able to do this, with cars becoming available to the public, and the United States being nicknamed “the land of the automobile”,  people were able to live farther and farther away from their workplace, which was often the city.

With how things are now, housing is becoming more and more expensive in the city and the suburbs surrounding it, it might be necessary for developers to start new housing developments in areas farther outside the city, while at the same working with the government or other private institutions to create infrastructure, such as modern public transportation, which could allow home owners fast and easy access to the city, though this will be an incredibly expensive project, and needs to be studied even further.

While this idea is not very polished, with how the prices of homes are becoming too expensive for the majority of the country’s population, it is only by studying and pursuing new ideas can we solve our housing problem today. Unless the properties get cheaper, there is probably no other way.… Read more...

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by Edward Thorby | 4:05 am

Must Knows: Before You Even Think Of Buying A Home

There are factors you need to look at before you buy a home, and for developers and investors, you need to read this as well as you will need to know all of these in order to really make your investments yield good results.

Many would like to own their own home, it is the American dream. But when is it time for you to buy a home? Are you really prepared for such a commitment? A lot of people do not realize this, but it is essential to start with renting homes when you are young. After graduating, you get your first job, and while your first job is always exciting, there is a good chance that you will one day be leaving the company for better opportunities elsewhere. These opportunities could range from being in the same city to a different state, which home ownership could really limit you from leaving. But if you are already at a stage where you do not need to worry much about this, like being able to afford a second home and renting out the old one, or having enough money to uproot your life and starting a new one in a new place, then good for you.

Remember the LCP rule!


You have to consider a lot of things when buying a home, and this will vary if you are single or married and have kids, such as the accessibility of public transportation, the security of the area, how family friendly it is, schools, shops, and other things you might need or want to have easy access to in your life. But the main reason for you to do this is to be able to know if it is a good investment, the location can determine what the price of your hose will be in the future, how easy it is to rent or sell if and when you want to, and how likely it will remain in good condition (Natural disasters).


Newly build or an existing house, you will need to have a good inspector, as they will determine the quality and condition of the house you are prospectively buying. The idea is simple enough to understand, you don’t want to buy a crappy new house nor a dilapidated old one. Both of these are obviously bad investments that will just drain the money out from your wallet.


costingNever mind the interest rates or the mortgage, if you are making a good living and have a good credit score you wouldn’t really need to worry about that much.… Read more...

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