01-23-2007, 01:22 PM
.RJ Wrote:Apoc Wrote:To RJ's point... the problem is you're thinking about buying an equivalent to renting
In this market, no it doesnt make sense and you can rent a lot "more" for your money than you can buy.
thats true in almost every market in the country. I'm actually almost quite certain that you would be hard pressed to find a place where you could rent or own the same place for the same $$$. The problem I think most people have is the get used to a certain lifestyle that they could afford renting and when they realize that if they wanted to actually consider buying a place and they would have to alter their lifestyle considerably they think "why would I buy a place and downgrade when i can keep renting and live comfortably.
take my situation my rent is ~$700 and I live about 3 minutes walking from the metro. Im quite certain that even ~ $1000 isnt going to get me a place near the metro at all. so for me it is a no brainer to keep renting, however, i dont know how long I plan on being in the area. if I planned on being here for 10 years I would just bite the bullet