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re: Real estate question...
Posted on 3/31/10 at 9:33 am to HoustonsTiger
Posted on 3/31/10 at 9:33 am to HoustonsTiger
You'll lose money, unless property values go up significantly during the time you live there. (which is possible). Expect to lose ~$30k in the short term.
However, if you're going to live there fir a 12+ years, your job is secure, and you can't find a home that you would rather live in for the same costs.. Then go for it. Just make sure you can get clearance from HOA and permits.
However, if you're going to live there fir a 12+ years, your job is secure, and you can't find a home that you would rather live in for the same costs.. Then go for it. Just make sure you can get clearance from HOA and permits.
This post was edited on 3/31/10 at 9:38 am
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