Reply to Pregnant and house searching -- PK3 question

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[quote=Anonymous]Ok - I am going to go against the grain with advice. If you want to stay in the Dupont area with either Ross or SWWFS - it may be worth it to go ahead and buy now.  Just because your mortgage payment will likely be lower or the same as renting in these neighborhoods. At least you'll be building up your assets and investments over the next 3 years - rather than throwing the money in rent.  And, if you do end up selling five years down the road, I think there is a small likelihood that these neighborhoods will depreciate.  You'll likely be able to continue saving while owning in the Dupont neighborhood, and will hopefully sell for a slightly higher price to put towards a down payment elsewhere.

Also, you'll probably find yourself as one many of the families in both schools that live in 2 bedroom apartments (some I know are still in 1 bedrooms). We are in a 2 bedroom in the SWWFS zone with 2 kids enrolled there.  The convenience of being in a nice community school and not having to do a crazy commute to school-work has influenced our decision to stay put.  We can see ourselves staying in our condo for another 3-5 years (even though it only has 1 bathroom!).

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