Reply to Rent vs Buy

Forum Index » Money and Finances

Reply to "Rent vs Buy"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]You need to first ask yourself why you think the stock market is safer bet than the DC housing market.  The stock market is NOT the place to gamble your down payment money with, unless you plan to put it into a very low risk investment.  The real estate market in the DC area almost never suffers the same type of downturn that the rest of the country does.  yes, it can and has gone down but not to the degree of the rest of the country.

I have been on both sides of the street so to speak, home owner AND renter.  We are renting right now because we honestly don't know how long we plan to stay in DC.  We love renting, its no fuss-no muss.  But we also miss home ownership as there is a certain pride you take in your home when you are an owner.  Not that we don't care about our rental home, we do - we just don't spend our weekends in home depot like we used to looking for the perfect paint color etc.

If you have school aged kids, then you obviously need to keep that in consideration  - whether renting or buying.  If you can afford to buy in a sought after school district and plan to stay in DC for at least 6 years, then buying would be financially a better option - but don't poor your money into a fixer either unless its INSIDE the beltway.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics