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Money and Finances
Reply to "Deciding between renting and buying"
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[quote=Anonymous]Several issues here. Although I understand and value the sense of permanance issue and without knowing your income level, what you are majorly sacrificing in the buy scenario is your family's financial security. Wiping out savings and assuming large debt puts you at risk. Lender's will consider the former in a negative light as well. "Buy now or be priced out forever" has gotten untold numbers into very deep trouble. You're already exposed to RE through your DC property, as you've pointed out. Better schools and the short commute are the icing on the cake - don't downplay the difference between 20 minutes and an hour in the car, each way, every day.[/quote]
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