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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7692 posts

re: To buy or to stay put - Housing

With sub 4% interest rates, if you do buy go 30. Historic 7-8%, the case can be made for 15. This is the cheapest money we'll ever see in our life time History would suggest. Why anyone would not want an extra 15 years to invest, especially considering the last five years going from 6600 to 14500 in the market, not to mention tax incentives, is silly to me. And there is a 90% chance you won't stay in this house anyways, why tie up all your money in an investment your 90% likely to walk away from.

Take the cheap money longer, play the swings over 30 vs 15 years with sub 4% $.

JM2C.
This post was edited on 3/19 at 2:55 pm


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LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
21843 posts

re: To buy or to stay put - Housing
quote:

SouthofSouth


I think I know your situation. You're in a good spot because you don't have to make a rush decision. Given that you are in the finance industry, how likely do you think it is that you will stay in Baton Rouge for longer than 5 years? Could you see yourself moving fairly soon if the opportunity presented itself? The reason I bring this up is because you will have some sunk costs with the initial purchase of the home, and selling is always going to be a pain in the ass.


davidengle
LSU Fan
Baton Rouge, LA
Member since Feb 2013
20 posts

re: To buy or to stay put - Housing
(no message)
This post was edited on 3/28 at 6:28 pm


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SouthOfSouth
LSU Fan
South of I-10 till I die
Member since Jun 2008
41223 posts

re: To buy or to stay put - Housing
quote:

I think I know your situation. You're in a good spot because you don't have to make a rush decision. Given that you are in the finance industry, how likely do you think it is that you will stay in Baton Rouge for longer than 5 years? Could you see yourself moving fairly soon if the opportunity presented itself? The reason I bring this up is because you will have some sunk costs with the initial purchase of the home, and selling is always going to be a pain in the ass.


Even with my Finance masters, Im not sure I want to stay in the field. I want to stay in BR though. Im in field accounting/ billing work for a construction company right now. Wouldn't mind something a little more stable, but I wanna be in baton rouge.


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