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I was in a similar position a couple years ago, and ended up buying. If you read the article, they mention "built to rent" houses. I bought one of these, and a
by milkytron 7y ago
I was in a similar position a couple years ago, and ended up buying.
If you read the article, they mention "built to rent" houses. I bought one of these, and although I do not rent it out now, I could quite easily rent it out if a better opportunity comes along that would require me to move.
I think this is a good option for people who have the cash for a down payment, are looking for a place to live, and don't want to deal with rising rents in case they do stay, while still increasing net worth every month with the mortgage payment. You might be tied down for a year or two, but it's not like being stuck somewhere for 30 years if you have the option to rent a place out.