What Is A Real Estate Rent To Value Ratio?

Can You Afford To Buy A Home?

When borrowing to buy a house, there are many things you need to take into account. The value of your desired property should correspond to how much you earn in such a way that you can see a point in the future when you would be able to make a final payment and clear your mortgage to own the house outright. Opinions differ on what proportion you should stay within in terms of salary to mortgage, with many people being of the opinion that you should spend no more than five times what you earn in a year to buy a house. Certain experts on the market say that you should consider it on a proportion of rent to valuation. That is to say that you should consider how much you can afford to pay in rent, and multiply it by a certain amount to get the ideal value.

Those who view it as a rent/value issue tend to agree on a proportionate value for a new house as being $125-$150 on a house for every dollar you pay in rent. Looking at it like that means that if you were renting for, for example – $1,000 a month, you could buy a house valued at $125-150,000, and so forth. If you paid back the mortgage at the same rate as you paid your rent, you could own the house in just over twelve years, depending on the proportion at which you set the bar and allowing for interest rates and fees. This does seem like a reasonable ratio, taking into account that your income and your other living costs may begin to vary either within or just after the end of that period. It also allows for fluctuation in interest rates.

Due to the situation that we find ourselves in at the moment with a view to the global economy, there are currently uniformly low interest rates in most of the bigger mortgage markets throughout the world. If you are in a financially strong position at the moment, unlike many people, you are in a stronger position than ever to afford a mortgage because the lower interest rates make the extra costs over and above the value of the house negligible compared with the same situation three to five years ago.

Additionally, the ratio set out above (of 125/150-1, value to rent), will grow if interest rates drop and fall if the rates rise. Looking at how much you pay in rent right now and taking into account the likelihood of a further drop, you can have a justifiable valuation for the house you can afford to buy. Of course mortgage rates depend on your own financial situation and the likelihood of that situation changing, as well as other aspects relating to your personal situation. Financial experts are currently suggesting that if you can find a mortgage with an interest rate of less than 5%, it is good value, unlikely to drop much further and you should take it, if all your requirements are satisfied.

New Zealand Travel Blog: Auckland Highlights & Impressions

Auckland Travel Blog: Part 1

At the AKL Airport

Just like my experience in Melbourne, I didn’t have to face any human immigration officers at the airport. The automated machines process immigration for select visa-free countries called eGate and I was able to pass through immigration without any issue. Traveling with only one carry-on also helped.

SkyBus to Downtown Auckland

The most affordable way to reach downtown from the Auckland Airport is to take the SkyBus. You can purchase tickets ahead of your trip online or at the airport. The ticket booth is located right at the bus pickup spot at the international terminals in the Auckland Airport. Look for the SkyBus pickup spot and ticket booth near Door 8 at the international terminals.

The was a young female employee who greeted me at the bus spot and she showed me where to wait and mentioned the next bus would arrive in 10 minutes. I was the first one there waiting for that bus, but later on more customers were coming in.

If you buy a ticket ahead of time, you get discounts. I paid only NZD $17.50 on the SkyBus website; you will find tools there to figure where you need to get off based on your address. My destination was the President Hotel at 35 Victoria Street West, Auckland downtown. So I needed to get off at 175 Queen St Stop 7051.

The bus operator was extremely friendly and once I told him where I needed to get off, he made sure I got off at the right spot and explained to me that I still had to walk a couple of blocks to the hotel. He was my first hands-on experience on how nice and helpful New Zealanders are.

How to have a Positive Attitude in Your Life

Having a Positive Attitude in Your Life

One of the most important things you can do for yourself is to have a positive attitude in your life. With a positive attitude, you will find your life completely changes based on the fact that you are seeing things in a brighter and happier way. It is vitally important for any amount of personal development that you have a positive attitude as well. If you do not have a positive attitude, you will doubt your ability to improve upon yourself, and that is a nail in the coffin of personal development. As well, have a positive attitude can help you reduce your stress and a reduction in stress is important for your health. So, how can you have a positive attitude in your life to aid your personal development? Follow these easy steps to make it happen.

  1. Start being passionate about the things in your life. Get right into things and follow the philosophy of Carpe Diem, which is Latin for Seize the Day. With this attitude, you will enjoy life more and you will work to continually improve upon yourself as a result.

  2. Be grateful for what you have. Your philosophy towards personal development should be one of being grateful for what you have, and to always achieve more with your life.

  3. Whenever an opportunity presents itself, seize it. One of the worst things in terms of personal development is regret. Even if the opportunity does not work out, you will have taken the risk to make it happen. When it succeeds, you will find new confidence in yourself and that allows you to make even more personal development decisions.

  4. Instead of reacting to situations, act on situations. If you wait for something bad to happen, it probably will and this is why you have to make good things happen by being proactive with situations.

  5. Keep laughing and always try to have a good sense of humor about situations. When you find humor in situations that most people would not, you will find it is easier to conquer challenges and easier to make a bad situation turn good. With a good sense of humor, you can have a positive attitude and that will help your personal development.

  6. You are in charge of your life and you need to remember that when you are going through personal development changes. You are in charge and no one can tell you what is good or bad for your life. Yes, you can listen to the advice of others, but you should always ensure you make a decision based on what you want, rather than what they want.

Personal development is something that is important if you want to change your life, but to change your life you need to have the right attitude. The right attitude is highly important because you need to trust your decisions and to know that you can make the changes in your life that you want. Depression is something that can hinder personal development, and having a positive attitude keeps depression at bay. In the end, you will be happy you had a positive attitude, and your life will have changed forever.

To streamline and minimize blog maintenance, I will be discontinuing maintaining the Simplepersonaldevelopment.com website (however, I will still hold the domain). I will gradually move all articles from this site to Ahmed Dawn Dot Com. This article originally published on the above website on Mar 13, 2010

How To Get Free Marriage Counseling

How To Get Free Relationship Therapy

First Published: February 25, 2009 ADawnJournal.com

Therapy can be very expensive. If your budget allows it, don’t think too much about these fees and spending a lot of money. This is not an expense; think of this as an investment towards your future. If your budget does not allow it, paying for therapy can be really challenging. However, there are ways you can find therapy for free or for cheap.

1. Try group therapy – If you don’t mind sharing your differences with others. Group therapy can cost $25 per hour, while typical individual therapy can run from $100 to $200 per hour. To find group therapy in your area, search for group therapy your area on line.

2. Sliding Scale – Ask your therapists if they can change according to income. This option is called sliding scale. Many therapists offer this nowadays. Don’t be afraid or shy to ask.

3. Government Programs – There are many free government programs available to help with counseling. Call your social services office and they will be able to find you an appropriate agency.

4. Employee Assistance Programs – If you are employed, most likely you have these programs through your work. These are confidential, free, and good quality therapy programs. There may be some restrictions. Check with your HR.

5. Charities and Religious Organizations – Many charities and religious groups (churches, synagogues, mosques etc) offer free or low-cost therapy services. Some of these organizations have their own therapists and some of them can help you find free or low-cost therapists according to your needs. Don’t be afraid to check with different faith than yours institutions. It’s unlikely that they will refuse you to serve because you are from a different religion.

6. Friends and Family – Another option would be to talk to someone you highly regard as a well-knowledgeable person on this marriage/relationship/family issues. This person can be your friend, an elderly member of your family, or someone in your neighbourhood. Although this person may not be able to provide professional counseling like a licensed therapist, it is good talk to someone rather than no one at all.

7. Try This – If you are not able to follow any one the five tips I mentioned above, doing the following should get you a free therapist.
Search online by entering these keyword phrases:
A. Free marriage Counseling Resources in Toronto
B. Toronto free marriage therapy community services

NB – Replace Toronto with your own city name.

World's Top Travel Destinations

TripAdvisor's 2015 Top Destinations

First Published in 2015 TravelNowSimply.com

The world's largest travel site, TripAdvisor, just came up with their annual rankings for the world's best travel destinations for 2015, called the Traveller's Choice Award. There were 469 destinations chosen worldwide based on feedback received from TripAdvisor travellers.

These destinations are historically and culturally rich and offer excellent sightseeing opportunities with quality hotels and restaurants – based on TripAdvisor reviews that stretch over a period of 12 months.

Here are the top 10 destinations in the world:

1. Marrakech, Morocco

2. Siem Reap, Cambodia

3. Istanbul, Turkey

4. Hanoi, Vietnam

5. Prague, Czech Republic

6. London, England

7. Rome, Italy

8. Buenos Aires, Argentina

9. Paris, France

10. Cape Town, South Africa

Source: TripAdvisor

Here are the top 10 destination in Asia:

1. Siem Reap, Cambodia

2. Hanoi, Vietnam

3. Ubud, Bali, Indonesia

4. Bangkok, Thailand

5. Kathmandu, Nepal

6. Hong Kong, China

7. Hoi An, Vietnam

8. Denpasar, Bali, Indonesia

9. Seminyak, Bali, Indonesia

10. Beijing, China

Source: TripAdvisor

Among Asian destinations, Siem Reap in Cambodia takes the first spot, which is also ranked as the #2 top destination in the world. About half of the top Asian destinations are located in Southeast Asia. To view the complete list, visit TripAdvisor's 2015 Traveler's Choice Ranking.