Quote:
Originally Posted by ken0042
So for everybody saying to buy- what happens when she wants to move at the end of school? The realtor costs involved in selling would kill any amount gained in mortgage payments. Sure- she could rent it out after; which brings about a new set of challenges.
I'd go with renting. You are not "throwing money away" by renting; contrary to what so many people would have you believe. You are paying to have a place to live; without having a long term commitment. Plus the added value I find with renting is it gives you the chance to try out different styles of homes, and find what you like. I have seen so many people "throw money away" by buying the wrong home for them too quickly, and then moving within 2 years.
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Give or take 4 years of principal payments will easily offset realtor fees. Plus, if you do it right most likely have a little rental loss each year and get some tax money back too.