Re: buying or renting
Emotion versus Financial - at 4 months I think you are right on the 'cusp' - we come down for 6 months and at that level it is Buy Buy Buy ...we bought a 2 bed place on the east side 5 years ago for $105,000 ...now (admittedly we've done lottsa TLC and bits and pieces ..it's what you do !!) it's worth $195,000 minimum !!
I can't see prices in the medium term (say 10-15 years) going down ..so you do have to factor in some capital appreciation ...but also the emotional thing of arriving and finding all your clothes hanging in the closet ...your golf clubs on the back of the cart ...all your stuff and photo's etc hanging on the walls ...knowing where everything is in the kitchen, knowing who the neigbours are and knowing you can knock on their door either to help out in an emergency or to come over for a cook out and a few beers and so on and so on and so on .....PRICELESS ....to me buying was the only option !!!
|