Just in case some people did not consider the real difference between rent and mortgage, here is the calculation of the real data.
So, take a calculator (or Excel), remember the math for the 3rd grade of secondary school and together consider what is more profitable: rental housing or a mortgage.
All the above prices are valid for January 19, 2014, for the city of Murmansk. In your city the situation will be different, but hardly a lot, because the “free market” almost everywhere “self regulated” the relationship between housing cost and rent hop over to these guys.
Finotec and the cost of money calculated by the mortgage calculator on the website of Sberbank. For most regions they will be the same as in my calculation.
2-room apartment with an area of 56 m in a panel 9-storey house, built just over 20 years ago. Without repair, almost without furniture, old fridge, old stove and a washing machine.
Realtors stated the cost of such apartments – 2,590,000 rubles.
In order to be closer to reality and farther from real estate expectations, further calculations will hold for the price of 2,500,000 rubles.
The cost of renting an apartment – 17,000 rubles, including utilities but excluding electricity and Internet.
First, the realtors wanted to 18,000, but in the end we agreed with the owner for 17,000 rubles a month, plus have agreed that any improvements made by me will be credited against rent.
Since electricity and the Internet in the end, you will have to pay separately from the apartment and communal, then I think all will agree that in the calculations to take them into account is not necessary, as other articles of the family budget. Consider only housing.
Consider the option of purchasing this apartment in debt
Go to the website of Sberbank which are driven in a mortgage calculator the figure of 2,500,000 rubles, specify the minimum down payment (15%), selectable General conditions and performed two calculations at 10 years (120 months) and 20 years (240 months).
We find that we in any case need to immediately pay for the apartment 375,000 rubles, and then:
1) or to pay 38,068 rubles a month for 10 years;
2) or to pay 30,635 rubles a month for 20 years.
The overpayment on the loan for the entire term will be 2,068,228 or 4,852,432 respectively.
The numbers are not small, but nevertheless, we should add the cost of the communal apartment, for rent apartments it is included, and a mortgage – no.
In my case the landlord tablet that Gomulka cost him in the region of 7,500 rubles a month. Personally, I’m inclined to believe him, because firstly he pays for it himself out of a fixed lease payment and therefore it makes no sense me to deceive, and secondly, that apartment is bought from the parent capital for his younger children, and therefore it is most likely spelled out several people in his family that affects the cost of utilities.
Anyway, let’s get the true volume of utility bills will take 5,000 rubles. For dvuhkomnatnaya apartment in my town is a very small figure. But even if it will differ from this value, it will not greatly distort our further calculations.
Now we add these 5,000 rubles to the mortgage payments and we have this picture:
1) we will have to pay 43,062 ruble monthly for 10 years, or;
2) we have to pay 35,635 rubles every month for 20 years.
Remember these figures. Double-talking dirty to address the greedy bankers. Close the Bank’s website and proceed to the most interesting.
We accept these appalling conditions. Accept unconditionally as an objective reality, to change that right now we are not able to. So we are preparing for this insane amount of payments for the murdered Soviet kopeck piece in the socket… and take the apartment.
Take an apartment in rent to “overpay alien uncle”
Rent an apartment and live in it for 17 000 rubles a month. BUT:
1) when moving into this apartment we should already be 375,000 rubles, which we have NOT given up on the first installment;
2) every month we should have on hand for 43,062 or 35,635 rubles (depending on the term of the loan), which we do NOT pay on the mortgage.
The availability of this money is fundamentally important. If we took out a mortgage, then we would have to pay these amounts each month, whatever happens. Imagine that your property is pledged to the Bank and be ready at the end of each month to have one of these amounts on his hands, as if you get evicted for late payment!
Now and in the future, of these the monthly amount we paid rent in the amount of 17,000 rubles, and the rest is calm, disciplined, and unyielding ACCUMULATE on their homes.
Repair, furniture, household items and much more, which inevitably will require spending on a new residence buy and paid from any other money! Monthly payments NOT SPENT only ACCUMULATE!
And that’s what we get as a result.
In the beginning of the year (we just moved into an apartment) we have 375,000 rubles which was the first vzones. Year live, every month we accumulate the difference between the anticipated mortgage and real estate at the end of the year we get:
(43,062 – 17,000) 12 = 312,744 savings 375,000 = 687.744 rubles or
(35,635 – 17,000) 12 = 223,620 savings 375,000 = 598,620 rubles
687,744 312,744 = 1,000,488 rubles
598,620 223,620 = 822,240
1,000,488 312,744 = 1,313,232
822,240 223,620 = 1,045,860
Then everyone can calculate itself, just adding 312,744 or 233,620 each year, respectively, selected the term “mortgage”.
Too lazy to take it to report:
instead of a mortgage for 10 years you accumulate quietly in my apartment for 7 years, instead of the mortgage at 20 years, you save up for an apartment for 10 years and another 100,000 rubles are.
Taking into account the money that you spent on rent, you will save on Bank interest and 640,228 2,812,432 rubles, respectively (17,000 multiplied by the number of months of the lease until, when we have enough to buy an apartment and subtract the result from the anticipated amount of the overpayment).
With this, you for 7 or 10 years to live in peace, without debts and with a significant “cushion” cache for emergency use!
A sudden illness or job loss will not lead you to eviction
If you have any problems with money, you may have to spend on rent a bit out of accumulated (and thus fall back on the way to their goal) but this is in extreme cases and only at that time, while you will find a new job.
Agree, this is not the same thing to stay on the street so even with the debt (banks in case of late payments taken away from the apartment to offset the debt for a very little price, and you should be accrued interest and lose already paid).
All lyrics like “live in your home”, “don’t need to live on private rented quartara”, “but can do the repair” actively imposed by banks is nothing more than an illusion. In case of any problems with your ability to pay, the Bank will very quickly show you whose apartment you actually are.
But when renting, all these elementary questions are addressed by contract with the owner, kotomo he has no right to evict you for a certain period, cannot be evicted without prior notice and can raise the rent by no more than a certain number of percent per year.
A little bit about the growth of prices and percentages
By the way, about the growth of the lease, increase the value of the apartment and other cent… Here I can scold for that scenario, but from a song words not throw and, if you allow conscience and beliefs, it can be used for the benefit of themselves fucking the conditions of the capitalist system.
In short – if you don’t have any business or investment skills, you can not really philosophizing to hand over the money lenders-bankers money at interest in the form of a regular contribution and to compensate for inflation, possible increase in the cost nedvizhki and at the same time and seriously accelerate the growth of your savings.
Let’s calculate what would happen if you instead of saving money in the mattress (or wherever you have them hiding there) you will take them to the Bank for Deposit at the rate of 10% per annum and will be every year to renew the Deposit with interest capitalization, adding to them their savings.
The beginning of the first year:
throw on Deposit 375.000, tecnolandia on the first installment.
Year 1 is over:
we have in the Bank is 375.000 1,1 = 412,500 to which is added (43,062-17,000)12 = 312,744 savings and get
412,500 312,744 = 725,244
412,500 223,620 = 636,120
725,244 1,1 312,744 = 1,110,512
636,120 1,1 223,620 = 923,352
1,110,512 1,1 312,744 = 1,534,308
923,352 1,1 223,620 = 1,239,307
1,534,308 1,1 312,744 = 2,000,482
1,239,307 1,1 223,620 = 1,586,858
2,000,482 1,1 312,744 = 2,513,151 It?
1,586,858 1,1 223,620 = 1,969,164
Who wanted a mortgage of 10 years, for a whole year living in my own apartment.
Or continues to rent the old apartment, the cost of which are fully covered by the Bank interest (about 20,900 per month).
Who wanted a mortgage for 20 years, buys an apartment for 2,628,670 rubles at the end of 7 years, or stays in a rented apartment, paying for rent Deposit interest, which accumulates a little more than 21,000 rubles a month.
Here is simple math buy3clh.
15 minutes of calculations, which allow to save from 5 to 13 years of life, when the mortgage would have to work for the bankers.
It is clear that the investment of money on Deposit, received, the percentage you have to work with lovers to take plasma or jeep on credit, so if you don’t want to participate in the robbery of those impatient friends, then just save up without investment in the Bank. Still, it will be much more profitable than to keep bankers and to join the ranks of people spending other people’s money.