Crap shoot. You may lose money in 5 years if the market tanks, or if the market shoots up, you may gain money in a year (as people who bought ca. late 2012 did till now).[/quote]
All true…what isn’t though is when you sell, you typically will lose 6% instantly from the realtor’s commissions so outside of what the market does, you’re already down a good 24k.
Bottom line is if you plan to stay for a while, buying isn’t the worst thing in the world if the numbers pencil out since as I’ve said many times before, you (and other people) HAVE to live somewhere…unfortunately…
unlike say buying a car or having cable or a smart phone, etc…
