Quote:
Originally Posted by LateBoomer
$21K down the toilet. if you're planning to be here many years, buy in. and buy in soon
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not really 21K down the toilet. She's not paying any of the 13K-15K carrying costs (amenities, maintenance, taxes, insurance, etc. etc.). She's not paying interest costs on a mortgage. 21K for a year, for a nice place, is a good price. Yes, prices may go up, but they might not. The money she didn't have to put up for down payment etc. may do well otherwise invested.
Nobody really knows.