Quick background: 27, paying ~$1,100/month in rent right now for a 1 bedroom apartment, have a nice savings account built up, could afford to put 20-30% down on a ~$200,000 or less condo/house.
I would like a 2nd bedroom for an office etc. and that jacks rent up another few hundred. I would also like a garage if possible and that's probably another $100 in rent. At the end of the day, I'm stingy and probably couldn't justify throwing $1,500+ at something I'm getting no return out of. My savings account keeps growing while putting the max into a 401k so I think buying at this time might be a good move?
I can't say for certain I would stay at my current job/city for a long period of time. I work as a software engineer and bouncing around is quite common. I work in the suburbs right now and driving downtown (where most software development is done) would be longer than I would be willing to deal with. I guess that's always a risk you take when you buy though. That coupled with the housing market where I am being red hot and prices very aggressive, are the only thing holding me back in the back of my mind.
Thanks for any advice in advance!
Submitted April 08, 2017 at 03:58PM by EternalSoldiers http://ift.tt/2peGz7R
