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Reply to "Rent or buy if staying 8 more years?"
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[quote=Anonymous][quote=Anonymous]I would buy OP. What are you afraid of about buying, esp. since you live in the month for the next 8 years? [/quote] OP here. I have owned 4 properties. The last house had a ton of unforeseen repairs. I sold because kids switched schools and house was too far. Buying feels like a huge risk. You don’t know how much you will actually spend until you live there. I have basically broken even on properties. I feel like it is not a good idea to buy unless it is 10 or more years. I also like the flexibility…if I don’t like the place, easy to move with renting. I think I would prefer down payment cash in the market vs. a property. It is not the conventional approach to rent but I see mostly downsides to owning. Thinking the next place I buy should be in 15-20 years when I retire and I think I will be there forever. [/quote]
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