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re: Rent or Buy?
Posted on 3/2/15 at 8:20 pm to strikingoutsince87
Posted on 3/2/15 at 8:20 pm to strikingoutsince87
I don't have any advice but I think your estimation of 900 a month is high. We bought a 100k house with nothing down and our payment is 730 a month.
If it were me I'd look at something that is easy to sell. Maybe a 2 bedroom townhouse or condo,they typically sell quick and you should at least break even after 3 years.
If it were me I'd look at something that is easy to sell. Maybe a 2 bedroom townhouse or condo,they typically sell quick and you should at least break even after 3 years.
1
Posted on 3/2/15 at 9:07 pm to BoogaBear
I agree with the idea of renting.
When I did my residency, I had little time for home upkeep and your wife will spend a ton more $$$$ decorating your "home" than she ever will spend on your rental.
Intrest rates are about to rise. You will be more likely to take a loss on the new home nand be stuck trying to sell it when you should be focused on your first job out of residency.
Rent. Trust me. Rent.
All the residents we worked with were much happier renting and walking away.
When I did my residency, I had little time for home upkeep and your wife will spend a ton more $$$$ decorating your "home" than she ever will spend on your rental.
Intrest rates are about to rise. You will be more likely to take a loss on the new home nand be stuck trying to sell it when you should be focused on your first job out of residency.
Rent. Trust me. Rent.
All the residents we worked with were much happier renting and walking away.
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