01-23-2007, 03:12 PM
WRXtranceformed Wrote:Wow I'm really surprised you guys still think that renting is a better solution than buying =P
As predictible as the sunrise
I was waiting for you to chime in.WRXtranceformed Wrote:The key is to get in on a great deal in an area that is always going to be popular for relo's or that has a high rate of growth.
Thats my point. That isnt the market right now in NoVa. Prices are dropping and rent is cheap. If you are not willing to stay 10-15 years and make the most of the "investment" of the home then you are going to end up losing money when you sell. It has nothing to with what I think anyone should do, its black and white, dollars and cents. The numbers get skewed even further if you are taking the $$ you arent spending into a mortgage and invest it in a 401k. If you are not in a rapid growth housing bubble, you'll do better off with your $$ there.
Where you are looking to buy, further out in winchester where your work is it begins to make a lot more sense. I am not making blanket statements
