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[quote=Anonymous]Agreed that seven years is hardly temporary--! But yes, definitely rent. First, as a PP noted, the market is likely at or near peak, and in seven years' time may well be down from where it is now. (Could be up too, of course, but that's a gamble.)

The bigger reason, though, is that if you plan to have kids in the not too distant future, your priorities on where to live are likely to change. Having the flexibility to pick up and move, especially given that you will ultimately be headed back to DC, is hugely valuable. And $500K is not going to get you especially desirable neighborhoods for a 2BR, even in the East Bay. Remember that people in the Bay Area generally list low--there is virtually nothing listed right now below $450K that is in an area I'd be willing to live with children. (Rossmoor in Walnut Creek is a senior living community with age limits, so don't count those.)

What would your rent budget be if you don't buy?

In your shoes, I would rent in San Francisco for the first 1-2 years if your budget allows, and then plan to move to the East Bay once you have small children. I know you say you don't care about schools since it's only for a couple of years, but you may well change your mind on that once your kids are actually here.[/quote]

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