Hello there.
I'm 26 year old recent graduate deciding to buy a house because I'm tired of living with roommates and paying rent. I'm currently living with a roommate and paying $800 a month for a rent. My commute to work is about 1 hour from my house and I'm just tired of spending 2-2.5 hours a day driving to and from work.
With mortgage rates being so low now I thinking of buying an apartment somewhat close to my job with about 20-30 minutes of driving for about $150K in suburbs of Chicago. Good credit score and have no debts, no student loans, car is paid off, and already have 6 months worth of funds as an emergency. I can make a 20% deposit so I'll be looking at $1200 - 1400 of monthly payments.
Do you guys think its a good idea, or should I just rent 1br apartment for $1K - 1.2K. and invest remaining in stocks for few more years.
Submitted November 30, 2020 at 06:26PM by Johnnielife https://ift.tt/2Jzw6mz
