3 ms·
That last argument is something my wife and I are agonizing over. We own our current small one bedroom condo but want to upsize to something bigger, and prefera
by decafninja 4y ago
That last argument is something my wife and I are agonizing over. We own our current small one bedroom condo but want to upsize to something bigger, and preferably with a private entrance. Most likely either a SFH, townhome, or a duplex/triplex. At the same time we don't want to stay in our region (NYC area) forever - probably 5 years at most.
- 72deluxe 4y agoIt would still seem to be a win-win situation to buy the current place you're in - if you sell it at profit you can keep the difference. If you sell it at a loss, you're still making the same payments (or less) as renting every month, but have a tangible asset to sell unlike renters.
- decafninja 4y agoThat's our current line of thinking too. As in, if the market goes, we'd get dinged on our down payment but still recuperate most of it when we sell 5 years later. Assuming it's not a catastrophic market crash. I know there's also a cost-benefit analysis involved surrounding all the various fees and taxes. The biggest "what-if" risk is probably liquidity.