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Reply to "Rent or buy if staying 8 more years?"
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[quote=Anonymous]What is housing stock like in the area you have to live? This may make your choice for you. We have a similar situation -- we are moving and have to live in a specific area for schools, but in 7-8 years will be free to live wherever we want. It has been our dream for a long time to spend early retirement living abroad, so we will probably do that. We definitely considered renting. But it makes no sense. The area we are moving too has really limited rental stock. Most of it is apartments, and we want at least a townhome. Renting a SFH is more expensive than buying in this area, even with rates being what they are. Housing is appreciating steadily as well. All of these circumstances are driven by the strong schools, I suspect it's similar in other districts with strong schools. So we're buying. I feel our choice was made for us to some degree. Renting just doesn't make sense in this particular location.[/quote]
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