Buy Vs Rent Calculators
Real Estate Investment?
My girlfriend and I are about to get married in the fall – we have both a college and white collar work @ $ 52,000 and 45,000 – Annually. (The two go back to graduate school in New York) we are now for rent in Manhattan @ $ 1700 per month. Is it a good investment for buying a townhouse@1.5 million seized in a neighborhood that is definitely gentrified? I'm in the field of architecture, if I have the intention to reduce the cost of hiring an architect to make level. Our two families will help us with the deposit – depending on the lease or buy calculator – the purchase of the benefits we have ever – but how to pull about $ 20,000 in rent to be better?
It is always better to buy if you can afford. The main question is how will be able to pay it all if both intend to return to higher education. They came together as a value of $ 100k. This means that you intend to present a considerable sum of money in the deposit and / or using an arm or a balloon loan. Anyway, if financially pans, then go ahead. We'll just have pay attention to the type of loan you out. You do not want to be in the same situation as all these people into foreclosure.