Quote:
Originally Posted by JourneyOfLife
I would be careful about current emotions influencing some distant future event/plan.
My baseline decision would be: I will wait till I am retired and ready to permanently move to make a home purchase. I would be very concerned that the cost of buying early would outweigh the benefit of it and consider all of the risks. My plan would be to rent till I was ready to move.
I would have to come up with a very compelling reason to alter that decision. It would have to be more than excitement about the future!
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I disagree with that, we plan on buying very soon even though we will not be able to spend a great deal of time there for 4-5 more years. Sure we will have to rent it out for the next few years but after the tax deduction for my mortage interest, I estimate my out of pocket expense to be about $7,000 per. On a $225,000 house, that is 3%, I am sure home prices will rise more than 3% per yer over the next five years.