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Real Estate
Reply to "Single Mom buying a townhouse - bad idea?"
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[quote=Anonymous]Single Mom here. Child is 4 and next year will start K. I'm renting and saving for a downpayment, but will not be able to come up with 20% for either a condo or townhouse. Plan is to buy a 3-bedroom townhouse in a good school district next year. My biggest issue with renting is that I have had to move every 2 years for the last 10 due to nearly 10% increases in the rent year over year staying in the same complex (but overall my rent has been steady for 10 years meaning because I move I save money). Once my child is on school I can't keep moving. I would stay put for at least 13 years. Talk me out of it. I know it's financially risky if I lose my job. I know if I meet someone it would be so much harder to move (really I wouldn't be able to move).[/quote]
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