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Real Estate
Reply to "Renting vs Buying in this current market"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We will rent until we move somewhere where $1 million buys a nice house. I won’t spend that much money on an outdated 80s ranch. [/quote] Unless its happening soon, there is no guarantee you'll move. If you don't want to buy a million dollar house, buy a small half a million one, sell it in5 years, save rent, build equity, sell and move when time is right.[/quote] A half million buys me a small condo and four people in 1200 square feet would make us miserable. Houses just aren’t the investment they used to be and we’ve lost money on the two we owned in the past. Houses are money pits IME so if I don’t even like it, it’s just not a good use of money especially when it feels like a bubble. Little scary out there now. [/quote]
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