Quote:
Originally Posted by rohara66
If you are planning a move in 5-ish years then keep renting. If you buy you’ll have to sell and pay realtor fee’s in fairly short order.
7% on first $10k plus 3% for remaining amount. Not worth it.
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Not necessarily that simple.
Depends on rental rates in their area vs prices, rental vacancies, how much of their mortgage payments would be going towards equity/interest vs rent which is all gone, what they think the market will do over the next 5 years.
Every market is different, but property values can change considerably in 5 years.