Hi Lets share thoughts about this topic, its better to rent a condo or buy something?...
rockingdoctor
New
Topics: 1
Posts: 2
Posted Jun 7, 08 - 22:56
#2
depends on the place u r staying
cristhian
New
Topics: 1
Posts: 2
Posted Jun 8, 08 - 09:27
#3
thanks rockingdoctor. I tend to disagree with you, coz its a common topic that the real state market is falling down and they dont know until what time the foreclosures will continue. There are more sellers than buyers so prices are cheap now, almost in every state (there are few exeptions like Manhattan where prices didnt go down).
dr
admin
Topics: 6
Posts: 40
Posted Jun 9, 08 - 17:12
#4
It also depends how long r u gonna stay in that location. I am finishing residency in San Jose area and we did not buy a house; it is way too expensive here. For 2-3 years I think it is easier to rent a place rather than buy. It is a quick in&out solution. You do not have to get into the hassle of buying then finding a real estate agent and deal with milion of papers, commisions, market trends, insurance, association fee, property taxes etc. If you plan to stay longer then I believe it is smart to find the right time buy a place. I'm going for a 3 year fellowship and still not buying a house, I find it more convenient to rent a place.
4 Posts on "House vs Rent"