Quote:
Originally Posted by mnchiefsguy
We live in Raytown just a couple of minutes from 470. Our mortgage is about 400 bucks cheaper than what houses are renting for in our area.
Most houses fitting your description seem to be between 1000 and 1300 a month for rent.
Our neighborhood is older, but it is quiet and has lots of nice trees  . Lots of houses in our area are of the 3br 2bath variety, most with two car garages.
Zillow does say it is a buyers market for KC, so maybe that will help push rent prices lower as more people look to buy.
Good Luck! |
Quote:
Originally Posted by 007
Try $819 per month for a 5 bedroom 2.5 bath and full finished basement. Tried to sell it a few years back and people were saying we were asking too much for it. It was the best value in the city per foot.
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Yeah, I think buying is more doable than some realize, especially in the midwest. My first mortgage was about $800/month for 3 beds/2 baths... and hell, you could add on a home warranty for about $40/month to reduce the risk if/when something big breaks (and the seller usually buys one to cover the first year).
And if you have a good realtor, they can work some magic to deal with little to nothing down or moving other costs into the price of the house, etc. And even just 2 years at $850/month is $20k that you'll never see again, so just breaking even on selling it is a pretty big deal.
Not that it's as risk free as renting, of course, but considering you could even manage to lose $10k over 2 years on buying/selling and still come out on top of renting....
