Quote:
Originally Posted by nostatic
I think it depends on a lot of variables. If you're under 40, have a decent downpayment, and think you're going to stay in the house/area for 5-10 years, then I think buying makes sense. In my case, I'm over 50, a downpayment would wipe out our rainy day fund (i.e. live for a year with no jobs), and I'm on soft money so the future is always fuzzy and if my job situation changed we'd likely get out of LA.
|
Hmm. I'm 38 and think it's extremely likely that I'll move (within the region) within the next 3-5 years. It might make some financial sense, but I *really* don't want to buy a house here (15 minutes from work), then change jobs and find myself with a 2 hour commute and a house that I can't get rid of.
Thanks for the perspective.
