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To Rent or Buy?

Home Personal Finance and Budgeting To Rent or Buy?

  • Avatar wa2106 
    Participant
    Status: Physician
    Posts: 127
    Joined: 11/29/2017

    His residency is 5 years and I will be moving up there after my residency in 3 years. The housing market is pretty cheap and we are looking to buy something that is less than 100k. For him to rent, it would be at least 1,000 per month.

    I appreciate everyone’s input on this! Thanks!

    Click to expand…

    With those numbers you’re likely to come out ahead buying but it won’t be by much and as mentioned above quality of life is much more important than saving a few thousand dollars during residency.

    Use NYT rent vs. buy calculator to make an educated choice numbers-wise but remember that it doesn’t take into account quality of life.

    #205786 Reply

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