If you plan to move in 5 years, only buy if you think the value of your property will increase such to offset the costs of buying and selling, which mostly has to do with realtor fees and the general hassle of selling.
Compare that against the equity you would gain given the very low current interest rates and that you would be paying down your mortgage, which is money you keep.
With a newborn you don't need a back yard. Back yards start to matter at the 3, 4, 5 year mark.
|