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re: First time home buyer - need advice

Posted on 2/3/17 at 8:12 am to
Posted by 632627
LA
Member since Dec 2011
12807 posts
Posted on 2/3/17 at 8:12 am to
quote:

quote:
However renting seems like throwing away money,


Renting will save you money


Some markets it makes more sense to own, some you are better off renting.

Imo, home ownership, from an investment standpoint is overrated.
Posted by ItzMe1972
Member since Dec 2013
9824 posts
Posted on 2/3/17 at 8:58 am to

"1) property taxes
2) Maintenance
3) repairs
4) interest "
----

Add in closing costs and selling costs....

Makes no sense buying for the short term. You have no idea which way the housing market will go.
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