That is the key right there. Do you want to be tied down? Do you want to become a landlord? Consider mortgage interest, taxes, and maintenance, as well as concentration risk. Buying real estate is more a lifestyle decision than an investment. What are the opportunity costs of having your money tied up in real estate. If you stay less than 10 years, transaction fees will likely make the cost far more than renting.I'm young, single, and there's nothing *keeping* me here. If I were to get a great offer to move elsewhere, I could rent out the condo. I also know that condo prices, in DC and many other cities, don't necessarily appreciate like SFHs.
Statistics: Posted by Harmanic — Sat Apr 20, 2024 6:04 am — Replies 7 — Views 596